Algoma Central

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.

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

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

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
NameLaunchedImage
Algoma Buffalo1978
Algoma Compass1973
Algoma Conveyor2019
Algoma Enterprise1979
Algoma Innovator2018
Algoma Mariner2011
Algoma Niagara2017
Algoma Sault2018
Algoma Transport1979
Algowood1981
Capt. Henry Jackman1981
John D. Leitch1967
Radcliffe R. Latimer1978

Algoma also owns several gearless bulk carriers:[4]

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[10]
NameLaunchedImage
AlgoCanada2009
Algoma Dartmouth2007
Algoma Hansa1998
Algonorth2008
Algonova2008
Algoscotia2004
Algosea1998
Algoterra2010

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. 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)". Glob Maritime. Retrieved 2013-06-22.
  6. "Algoma Invests in Great Lakes Shipping". Marine Link. 2011-03-23. Retrieved 2013-06-22.
  7. "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.
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