DP World to take helm of NovaAlgoma Cement Carriers

Is consolidation in the cement industry justifiable? A closer look at the Swenk // Whale Rock Cement merger – News Stand

Johannes Shangadi  On 5 June 2025, the Namibian Competition Commission convened a public conference under Section 46 of the Competition Act in relation to the proposed acquisition of Swenk’s shareholding in Ohorongo Cement by Whale Rock Cement, the owner of Cheetah Cement. This transaction would effectively consolidate Namibia’s only two cement manufacturers into a single integrated entity. As clarified by Mr. Johannes Ashipala, Director of Merg…

P&O Maritime acquires controlling stake in NovaAlgoma Cement Carriers

NovaAlgoma Cement Carriers Ltd has entered a definitive agreement with P&O Maritime Logistics (POML), a DP World subsidiary, for POML to acquire a 51 per ce...

DP World to take helm of NovaAlgoma Cement Carriers

P&O Maritime Logistics, a unit of ports and logistics heavyweight DP World, has acquired a controlling stake in NovaAlgoma Cement Carriers (NACC), the leading operator of pneumatic cement carriers, in a move that positions the Dubai-based group deeper into infrastructure-driven dry bulk trades. The transaction, with an undisclosed value and still subject to customary regulatory …