Nova Algoma Shortsea Carriers Invests in Second-Hand Bulker

Nova Algoma Shortsea Carriers, a joint venture company between Nova Marine Carriers and Algoma Central Corporation, has bought a 2007-built bulk carrier.

The newly named Sider Sirios is a single-decker featuring an updated deadweight of 8,005 tons.

The company said that the bulker is off to a busy start having already completed its first voyage.

The latest purchase brings the fleet of Nova Algoma Shortsea Carriers to 30 ships of 8,000 dwt.

The company’s vessels predominantly trade in the Mediterranean, Black Sea and Northern Europe.

Based on the valuation data from VesselsValue, the ship is worth USD 3.28 million.

Sider Sirios, previously known as Chyra, was originally built by Chinese shipbuilder Jiangsu Yangzijiang for Peter Dohle Schiffahrts and sold in 2015 to Greek Sirios Shipmanagement.

The fleet built-up continues from last year. Back in December 2017, the company bought a mini bulker from Norwegian owners, Oslo Bulk. M/V Sider Venture, of 13,497 dwt, was built in Japan in 2006.

The purchase reunited the vessel with five other sister vessels already under NASC’s commercial management.

Based in Lugano, Switzerland, Nova Algoma Short-Sea Carriers was established in April 2017.

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