DP World acquires controlling stake in NACC

P&O Maritime Logistics (POML), a wholly owned subsidiary of DP World, has entered into a definitive agreement to acquire a controlling stake in NovaAlgoma Cement Carriers (NACC), said Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO. The acquisition expands DP World’s footprint in the breakbulk and dry-bulk sectors, enhancing its end-to-end supply chain capabilities and enabling improved service delivery to cargo owners across key growth markets. “This acquisition reflects our commitment to deepening our capabilities in specialised maritime logistics. We are well-positioned to deliver value to our customers and to grow together in this strategically important segment,” Sulayem said. “The transaction excludes NACC’s joint venture interests in Northern Europe, Indonesia, and Greece. Together, we can leverage our collective strengths to accelerate growth, improve services, and better meet the needs of customers worldwide,” said Giovanni Romeo, Chairman, NovaAlgoma Cement Carriers.