Algoma Central

Algoma Central Corporation
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:

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]

Beginning in 2013, the corporation is constructing a series of new bulk carriers to be named after the lead ship, Algoma Equinox.[4][5]

Algoma Central's self-unloading bulk carriers
namelaunchedimage
Algolake1977
Algoma Enterprise1979
Algoma Integrity2009
Algoma Mariner2011
Algoma Niagara2017
Algoma Olympic1976
Algoma Sault2018
Algoma Transfer1965
Algoma Transport1979
Algorail1968
Algosteel1966
Algoway1972
Algowood1981
Capt. Henry Jackman1981
John D. Leitch1967
Radcliffe R. Latimer1978

Algoma also owns several gearless bulk carriers:[3]

Algoma Central's gearless bulk carriers:
namelaunchedimage
Algoma Discovery1987
Algoma Equinox2013
Algoma Guardian1987
Algoma Harvester2014
Algoma Spirit1986
Algoma Strongfield2016
G3 Marquis2014
Tim S. Dool1967

Algoma operates a fleet of tankers:

Algoma Central's tankers[6]
namelaunchedimage
AlgoCanada2009
Algoma Dartmouth2007
Algoma Hansa1998
Algonova2008
Algoscotia2004
Algosea1998

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. 1 2 Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-08.
  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. Archived from the original on 2012-01-05. Retrieved 2012-01-05.
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