Bergen-based shipowner Kristian Gerhard Jebsen Skipsrederi has entered into a 50:50 joint venture with Swedish owner Erik Thun focusing on the cement business.

The details of the partnership, involving cement carriers below 6,000 dwt, are revealed in the Norwegian company’s 2013 annual report, which says the joint venture has agreed to buy six ships from Jebsen and has also acquired two 4,500-dwt bulkers for conversion to cement carriers.

Jebsen,