Algoma Central

Algoma Central Corporation
Public
Industry Shipping
Headquarters St. Catharines, Ontario, Canada
Key people
Greg D. Wight
Number of employees
1,400[1]
Website www.algonet.com

The Algoma Central Corporation (TSX: ALC) 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 now been demolished.

Shipping

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

An Algoma Central Corp. subsidiary, Algoma Central Marine, operates a fleet of self unloaders on the Great Lakes:[3]

In 2013 and 2014, the corporation is constructing eight new bulk carriers to be named after the lead ship, the Algoma Equinox.[4][5]

Algoma Central's self-unloading bulk carriers
name launched image
Algobay 1978
Algolake 1977
Algoma Enterprise 1979
Algoma Mariner 2011
Algoma Navigator 1967
Algoma Olympic 1976
Algoma Progress 1968
Algoma Transfer 1943
Algoma Transport 1979
Algomarine 1969
Algorail 1968
Algosoo 1974
Algosteel 1966
Algoway 1972
Algowood 1981
Capt. Henry Jackman 1981
John B. Aird 1983
John D. Leitch 1967
Peter R. Cresswell 1982

Algoma also owns several gearless bulk carriers:[3]

Algoma Central's gearless bulk carriers:
name launched image
Algoma Discovery 1987
Algoma Equinox 2013
Algoma Guardian 1987
Algoma Harvester 2014
Algoma Montrealais 1962
Algoma Provider 1963
Algoma Quebecois 1963
Algoma Spirit 1986
Tim S. Dool 1967

Algoma operates a fleet of tankers:

Algoma Central's tankers[6]
name launched image
AlgoCanada 2009
Algoeast 1977
Algoma Dartmouth 2007
Algoma Hansa 1998
Algonova 2008
Algosar 1978
Algoscotia 2004
Algosea 1998

References

  1. "Company Profile for Algoma Central Corp (CA;ALC)". Retrieved 2008-10-10.
  2. Annual Report 1992. Sault Ste Marie, ON: Algo Central Corporation. 1992. p. 8. Retrieved 28 June 2012.
  3. 3.0 3.1 Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. mirror
  4. Betty Nguyen (2012-12-25). "Algoma: First Equinox Class Vessel Launched (Canada)". Glob Maritime. Retrieved 2013-06-22.
  5. "Algoma Invests in Great Lakes Shipping". Marine Link. 2011-03-23. Retrieved 2013-06-22.
  6. "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. 2010-02-10. Retrieved 2012-01-05. mirror

External links