Displaying items by tag: SMT Shipping

Canada: MV Tamarack arrived at the Port of Montreal on 22 August 2025, completing its maiden voyage and becoming the first newly built cement carrier to serve the Great Lakes in 20 years. The 12,500t vessel, owned by Eureka Shipping, a joint venture between CSL and SMT Shipping, was delivered on 23 July 2025 at Holland Shipyard in the Netherlands. The ship replaces two older vessels, offering the same capacity and reduced environmental impact, according to the company. MV Tamarack has a 10,700m³ cement hold, diesel-electric propulsion, shore-power compatibility, biofuel capability and energy-saving cargo systems.

Canada: CSL Group has agreed to buy 50% of Eureka Shipping, SMT Shipping agreement for CSL to acquire 50% of Eureka Shipping, SMT’s pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL’s Australian cement shipping business is not included in the joint venture.

“The joint venture represents an important step in CSL’s strategy to increase its presence in the global construction material sector,” said Louis Martel, President and chief executive officer (CEO) of CSL Group.

The companies say that the partnership is a strong strategic fit, leveraging the companies’ respective strengths in the shipping and handling of dry bulk cargos. There will be no change in the day-to-day management and operation of vessels in the Eureka fleet. The transaction is subject to regulatory approval and is expected to be completed by the end of June 2018.

Eureka Shipping operates a fleet of self-unloading cement carriers in the Baltic Sea, the Atlantic Ocean, the Mediterranean Sea, the Caribbean and Asia. SMT Shipping Group has, over the past 30 years, built a fleet of about 45 vessels through a number of joint venture companies operating in various bulk commodities markets, focusing on geared bulk carriers, floating storage/transhipment terminals and belt-unloaders.