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NovaAlgoma Cement Carriers Establishes New JV With DP World
NovaAlgoma Cement Carriers Establishes New JV With DP World

Business Wire

time03-07-2025

  • Business
  • Business Wire

NovaAlgoma Cement Carriers Establishes New JV With DP World

LUGANO, Switzerland--(BUSINESS WIRE)--NovaAlgoma Cement Carriers Limited ('NovaAlgoma"), a joint venture between Algoma Central Corporation ('Algoma' - TSX: ALC) and Nova Marine Holdings SA ('Nova') and the world's leading operator of specialized pneumatic cement carriers, today announced it has entered a definitive agreement with P&O Maritime Logistics ('POML'), a wholly owned subsidiary of DP World, that will see POML acquire a 51% controlling stake in NovaAlgoma's wholly owned cement assets. The transaction excludes NovaAlgoma's joint venture interests in Northern Europe, Indonesia, and Greece. NovaAlgoma will retain a 49% minority interest to be held in a new entity based in Dubai ('NACC"). There will be no changes to the daily operations of the NACC vessels as a result of the transaction and the fleet will continue to be commercially and technically managed by the current teams. NovaAlgoma was established in 2016 and specializes in the global transportation of dry-bulk commodities, with a focus on cement, using modern vessels equipped with advanced pneumatic handling systems. The Companies cement assets serve key infrastructure markets across North America, Europe, the Mediterranean, South Asia, and the Caribbean. 'This marks an exciting next step for NovaAlgoma and a significant opportunity to grow the business,' said Gregg Ruhl, President & CEO of Algoma. 'DP World brings strong market presence around the world, including in regions we've yet to enter. We're confident this partnership will open new doors and take NACC to even greater heights,' concluded Mr. Ruhl. 'We're excited about the opportunities this partnership with DP World brings,' said Vincenzo Romeo, CEO of Nova. 'It will allow us to expand the geographic reach of our fleet and better serve global logistics demands. NACC's pneumatic cement carriers play a vital role in supporting the construction industry, delivering cement powder for infrastructure projects, now to even more regions around the world.' The transaction is subject to customary regulatory approvals and is expected to close in the coming months. About Algoma Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ™. Learn more at About Nova Nova Marine Carriers is a global leader in maritime logistics, offering efficient and reliable bulk shipping solutions across key international markets. Headquartered in Lugano (Switzerland) and several offices all over the world, the company operates a fleet of over 200 vessels—including mini-bulkers, handysize, supramax, self-unloaders, cement carriers, and barges—with a total capacity of 1.5 million DWT. In 2024 alone, Nova Marine completed over 2,000 voyages, transporting more than 26 million metric tons of cargo. About DP World DP World is a global leader in end-to-end supply chain solutions, enabling smarter trade to create growth and prosperity worldwide. Operating in 79 countries with a team of over 115,000 people, DP World integrates ports, marine services, logistics, and technology to deliver efficient, future-ready supply chains. Through innovation and digital transformation, the Company is reimagining global trade, minimizing disruption, maximizing flow, and changing what's possible for their customers and communities.

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

time31-05-2025

  • Sport

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

AUSTIN, Texas -- James Taussig hit a three-run homer and Norris McClure added a solo shot to back a strong start by Zach Royse and No. 2 seed UTSA beat third-seeded Kansas State 10-2 in the nightcap of the Austin Regional on Friday. UTSA (45-13) will play No. 1 seed Texas on Saturday. Kansas State (31-25) will play an elimination game against No. 4 seed Houston Christian to start the day. Andrew Stucky had an RBI single in the first inning and McClure homered in the third for a 2-0 lead off Wildcats starter Jacob Frost (1-5). Taussig homered off Ty Ruhl with two outs in the sixth for a 6-1 lead. Ruhl retired the first batter he faced after replacing Frost before Taussig hit the first pitch he saw out to center field. He finished 2 for 4 and scored twice. Ty Hodge and Lorenzo Morresi had RBI base hits in a four-run seventh. Royse (9-4) allowed one run on three hits and three walks in 5 1/3 innings. Christian Okerholm pitched 1 2/3 scoreless innings to close it out. Nick English had a pinch-hit solo homer in the seventh for the Wildcats off reliever Robert Orloski. Frost gave up five runs in 5 1/3 innings on five hits and four walks. Ruhl was tagged for four runs in an inning. Kansas State has played in six NCAA Tournaments — including last season — but never advanced to the College World Series. UTSA is playing in its fourth national tourney and first since 2013 without a CWS appearance.

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional
UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

Fox Sports

time31-05-2025

  • Sport
  • Fox Sports

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

Associated Press AUSTIN, Texas (AP) — James Taussig hit a three-run homer and Norris McClure added a solo shot to back a strong start by Zach Royse and No. 2 seed UTSA beat third-seeded Kansas State 10-2 in the nightcap of the Austin Regional on Friday. UTSA (45-13) will play No. 1 seed Texas on Saturday. Kansas State (31-25) will play an elimination game against No. 4 seed Houston Christian to start the day. Andrew Stucky had an RBI single in the first inning and McClure homered in the third for a 2-0 lead off Wildcats starter Jacob Frost (1-5). Taussig homered off Ty Ruhl with two outs in the sixth for a 6-1 lead. Ruhl retired the first batter he faced after replacing Frost before Taussig hit the first pitch he saw out to center field. He finished 2 for 4 and scored twice. Ty Hodge and Lorenzo Morresi had RBI base hits in a four-run seventh. Royse (9-4) allowed one run on three hits and three walks in 5 1/3 innings. Christian Okerholm pitched 1 2/3 scoreless innings to close it out. Nick English had a pinch-hit solo homer in the seventh for the Wildcats off reliever Robert Orloski. Frost gave up five runs in 5 1/3 innings on five hits and four walks. Ruhl was tagged for four runs in an inning. Kansas State has played in six NCAA Tournaments — including last season — but never advanced to the College World Series. UTSA is playing in its fourth national tourney and first since 2013 without a CWS appearance. ___ AP college sports: recommended in this topic

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional
UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

Winnipeg Free Press

time31-05-2025

  • Sport
  • Winnipeg Free Press

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

AUSTIN, Texas (AP) — James Taussig hit a three-run homer and Norris McClure added a solo shot to back a strong start by Zach Royse and No. 2 seed UTSA beat third-seeded Kansas State 10-2 in the nightcap of the Austin Regional on Friday. UTSA (45-13) will play No. 1 seed Texas on Saturday. Kansas State (31-25) will play an elimination game against No. 4 seed Houston Christian to start the day. Andrew Stucky had an RBI single in the first inning and McClure homered in the third for a 2-0 lead off Wildcats starter Jacob Frost (1-5). Taussig homered off Ty Ruhl with two outs in the sixth for a 6-1 lead. Ruhl retired the first batter he faced after replacing Frost before Taussig hit the first pitch he saw out to center field. He finished 2 for 4 and scored twice. Ty Hodge and Lorenzo Morresi had RBI base hits in a four-run seventh. Royse (9-4) allowed one run on three hits and three walks in 5 1/3 innings. Christian Okerholm pitched 1 2/3 scoreless innings to close it out. Nick English had a pinch-hit solo homer in the seventh for the Wildcats off reliever Robert Orloski. Frost gave up five runs in 5 1/3 innings on five hits and four walks. Ruhl was tagged for four runs in an inning. Kansas State has played in six NCAA Tournaments — including last season — but never advanced to the College World Series. UTSA is playing in its fourth national tourney and first since 2013 without a CWS appearance. ___ AP college sports:

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional
UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

Yahoo

time31-05-2025

  • Entertainment
  • Yahoo

UTSA cruises to 10-2 victory over Kansas State in nightcap of Austin Regional

AUSTIN, Texas (AP) — James Taussig hit a three-run homer and Norris McClure added a solo shot to back a strong start by Zach Royse and No. 2 seed UTSA beat third-seeded Kansas State 10-2 in the nightcap of the Austin Regional on Friday. UTSA (45-13) will play No. 1 seed Texas on Saturday. Kansas State (31-25) will play an elimination game against No. 4 seed Houston Christian to start the day. Advertisement Andrew Stucky had an RBI single in the first inning and McClure homered in the third for a 2-0 lead off Wildcats starter Jacob Frost (1-5). Taussig homered off Ty Ruhl with two outs in the sixth for a 6-1 lead. Ruhl retired the first batter he faced after replacing Frost before Taussig hit the first pitch he saw out to center field. He finished 2 for 4 and scored twice. Ty Hodge and Lorenzo Morresi had RBI base hits in a four-run seventh. Royse (9-4) allowed one run on three hits and three walks in 5 1/3 innings. Christian Okerholm pitched 1 2/3 scoreless innings to close it out. Nick English had a pinch-hit solo homer in the seventh for the Wildcats off reliever Robert Orloski. Advertisement Frost gave up five runs in 5 1/3 innings on five hits and four walks. Ruhl was tagged for four runs in an inning. Kansas State has played in six NCAA Tournaments — including last season — but never advanced to the College World Series. UTSA is playing in its fourth national tourney and first since 2013 without a CWS appearance. ___ AP college sports:

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