P&O Maritime Logistics (POML), a fully owned subsidiary of Dubai-based DP World, is set to acquire a 51 percent share in NovaAlgoma Cement Carriers (NACC), a Canadian company specialising in the transportation of dry bulk goods.
The remaining 49 percent stake will be retained by NACC through a newly established entity headquartered in Dubai.
The financial details of the transaction have not been disclosed.
This acquisition enhances DP World’s global footprint in the breakbulk and dry bulk markets, with a particular focus on cargo linked to infrastructure development.
