Algoma Central
 | |
| Public | |
| Industry | Shipping |
| Headquarters |
63 Church Street Suite 600 St. Catharines, Ontario L2R 3C4 |
Key people | Ken Bloch Soerensen |
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:
- Algoma Central Properties - owning commercial real estate in Sault Ste. Marie, St. Catharines, and Waterloo, Ontario
- Algoma Ship Repair - repairs ships at its dock on the Welland Canal in Port Colborne
- Algoma Tankers - transportation of petroleum products through the Great Lakes
- Algoma Central Marine - operates bulk shipping on the Great Lakes (see below)
- Formerly Algoma Central Railway
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
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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]
| name | launched | image |
| Algolake | 1977 |  |
| Algoma Enterprise | 1979 | |
| Algoma Integrity | 2009 | |
| Algoma Mariner | 2011 | .jpg){kind=small} |
| Algoma Olympic | 1976 |  |
| Algoma Transport | 1979 |  |
| Algorail | 1968 | .jpg) |
| Algosteel | 1966 |  |
| Algoway | 1972 |  |
| Algowood | 1981 |  |
| Capt. Henry Jackman | 1981 |  |
| John B. Aird | 1983 |  |
| John D. Leitch | 1967 |  |
| Radcliffe R. Latimer | 1978 |  |
Algoma also owns several gearless bulk carriers:[3]
| name | launched | image |
| Algoma Discovery | 1987 | |
| Algoma Equinox | 2013 | .jpg) |
| Algoma Guardian | 1987 |  |
| Algoma Harvester | 2014 | |
| Algoma Spirit | 1986 | |
| CWB Marquis | 2014 | |
| Tim S. Dool | 1967 |  |
Algoma operates a fleet of tankers:
| name | launched | image |
| AlgoCanada | 2009 | |
| Algoma Dartmouth | 2007 | |
| Algoma Hansa | 1998 | |
| Algonova | 2008 |  |
| Algoscotia | 2004 | |
| Algosea | 1998 |
References
- ↑ "Company Profile for Algoma Central Corp (CA;ALC)". Retrieved 2008-10-10.
- ↑ Annual Report 1992 (PDF). Sault Ste Marie, ON: Algo Central Corporation. 1992. p. 8; 24. Retrieved 28 June 2012.
- 1 2 Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-08.
- ↑ Betty Nguyen (2012-12-25). "Algoma: First Equinox Class Vessel Launched (Canada)". Glob Maritime. Retrieved 2013-06-22.
- ↑ "Algoma Invests in Great Lakes Shipping". Marine Link. 2011-03-23. Retrieved 2013-06-22.
- ↑ "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. 2010-02-10. Archived from the original on 2012-01-05. Retrieved 2012-01-05.