Italian-Swiss dry bulk group Nova Marine Carriers has established a joint venture with Marcegaglia for shipments of raw materials to the manufacturing sites of the Italian steelmaker.
The jv called NovaMar Logistic will take over the management of the 2012-built open hatch 26,300 dwt handy bulker Sider Luck and operate it on European cabotage routes, connecting raw material supply ports with Marcegaglia’s plants in sites such as Ravenna and Fos-sur-Mer.
Vincenzo Romeo-led Nova Marine Carriers, which counts a fleet of more than 100 ships, said the move represents the strategic consolidation of a partnership lasting over a decade with Marcegaglia.
Marcegaglia’s chairman and CEO, Antonio Marcegaglia, noted that besides strengthening the collaboration between the two companies, the venture also marks a strategic move designed to secure supply chains.
“The ongoing conflicts and geopolitical instability, combined with growing protectionism, are pushing us to find creative and structured solutions to safeguard our supply chains and, with them, our competitiveness,” he said.
The new company was developed with the support of Lugano-based steel-focused shipbrokerage, OD Shipping.
