Algoma Central

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Algoma Central Corporation
TypePublic
TSX: ALC
IndustryShipping
HeadquartersSt. Catharines, Ontario
Key people
Gregg Ruhl
Number of employees
1,400[1]
Websitealgonet.com

The Algoma Central Corporation is the result of a reorganization of the Algoma Central Railway in 1990. The company claims assets in excess of $400 million and revenue of $280 million. Corporate headquarters is located in St. Catharines, Ontario, Canada.

Subsidiaries[]

The company operates a number of subsidiaries including:

In 1980, the Algoma Central was the original owner (as Algocen Realty Holdings Ltd.) of Algo Centre Mall; Algoma Central Company wrote off over $5 million in property value due to 1990's Elliot Lake mine closures[2] and subsequently sold the property. The mall, renamed in 2005 by a subsequent owner, collapsed in a June 23, 2012 structural failure and has since been demolished.[3]

Shipping[]

Canadian freighter Algorail downbound in the St. Clair River
Algomarine at Goderich, Ontario

An Algoma Central Corp. subsidiary, , operates a fleet of self unloaders on the Great Lakes.[4]

In 2000, Upper Lakes Shipping Ltd. and Algoma Central began a partnership to coordinate the transportation of goods along the St. Lawrence Seaway, called .

In 2011 upon the purchase of Upper Lakes Shipping Ltd. and buying out the partnership, the company re-emerged as Algoma Central Marine. Upon completion of the purchase, the entire fleet was then renamed, with the exception of the John D. Leitch, the ship that was named in honor of the company's then owner.

Beginning in 2013, the corporation initiated construction of a series of new bulk carriers to be named after the lead ship, Algoma Equinox.[5][6] The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact.[7][8] The company installed Buffalo Automation's AutoMate system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation.[7][9]

Algoma Central's self-unloading bulk carriers
Name Launched Image
Algoma Buffalo 1978
Algoma Compass 1973
2019
2018
Algoma Mariner 2011 Fog Delay (7507720506).jpg
2017
Algoma Sault 2018
1979 Frozen Lake Huron- icebreakers and commercial vessels.jpg
2020
1967 The John D. Leitch transits through the Soo Locks.jpg
Radcliffe R. Latimer 1978 Bulk Carrier Algobay, in Toronto.jpg

Algoma also owns several gearless bulk carriers:[4]

Algoma Central's gearless bulk carriers:
name launched image
1987
Algoma Equinox 2013 Algoma Navigator, and Algoma Equinox, moored in Toronto, 4pm, 2014 01 01 (4).jpg
1987 Algoma Guardian enters the MacArthur Lock.jpg
2014 Algoma Harvester-in dry dock.jpg
2016
2014
2021
Tim S. Dool 1967 Bow of the Tim S. Dool, Polson slip, 2012-03-17 -a.jpg

Algoma operates a fleet of tankers:

Algoma Central's tankers[10]
Name Launched Image
2009 USCGC Mackinaw breaks ice in St. Marys River 131223-G-ZZ999-001.jpg
2007
1998
Algonorth 2008
Algonova 2008 Algonova.jpg
2004
1998
2010

References[]

  1. ^ "Company Profile for Algoma Central Corp (CA;ALC)". Retrieved 2008-10-10.
  2. ^ Annual Report 1992 (PDF). Sault Ste Marie, ON: Algo Central Corporation. 1992. p. 8; 24. Retrieved 28 June 2012.
  3. ^ "Elliot Lake Mall chronology: from birth to death — and beyond". CBC.ca. Ontario, Canada. 15 Oct 2014. Retrieved 8 Sep 2019.
  4. ^ a b Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-08.
  5. ^ Betty Nguyen (2012-12-25). "Algoma: First Equinox Class Vessel Launched (Canada)". . Retrieved 2013-06-22.
  6. ^ "Algoma Invests in Great Lakes Shipping". . 2011-03-23. Retrieved 2013-06-22.
  7. ^ a b "Smart Ships: Canadian carriers adopting new digital technologies". Marine Delivers Magazine 2019. Ottawa, Canada: Chamber of Marine Commerce. 2019. Retrieved 11 Sep 2019.
  8. ^ "Explore The Equinox Class". algonet.com. 2019. Retrieved 11 Sep 2019.
  9. ^ "Algoma Central Corporation: major player in the domestic and oceangoing self-unloader market continues to extend its reach" (PDF). Dry Cargo International. Feb 2019. Retrieved 11 Sep 2019.
  10. ^ "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. 2010-02-10. Archived from the original on 2012-01-05. Retrieved 2012-01-05.

External links[]

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