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March 9, 2017

Deals this week: Algoma Central, Norsafe Group

Canada-based Algoma Central intends to form a joint venture (JV) with Switzerland's Nova Marine Carriers.

Canada-based Algoma Central intends to form a joint venture (JV) with Switzerland's Nova Marine Carriers.

The JV will be known as NovaAlgoma Short-Sea Carriers and is set to focus primarily on the short-sea dry bulk shipping industry.

It will operate an initial fleet of 70 bulker vessels, including self-owned and chartered ships, as well as vessels under third-party management contracts.

"Norwegian lifeboat manufacturer Norsafe Group has secured a contract to provide life-saving appliances for an arctic supply and research vessel being built by Damen Schelde Naval Shipbuilding."

Norwegian lifeboat manufacturer Norsafe Group has secured a contract to provide life-saving appliances for an arctic supply and research vessel being built by Damen Schelde Naval Shipbuilding.

The deal includes the supply of two JYN-85 conventional lifeboats with LH-140 davits, and two JYN-115 lifeboats with LH-185 davits.

The vessel is planned to be operated by Australian Antarctic Division.

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