Algoma Central Corporation
TypePublic
TSX: ALC
IndustryShipping
HeadquartersSt. Catharines, Ontario
Key people
Gregg Ruhl
Number of employees
1,400
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[1] 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.[2]

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 2000, Upper Lakes Shipping Ltd. and Algoma Central began a partnership to coordinate the transportation of goods along the St. Lawrence Seaway, called Seaway Marine Transport. 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.[4][5] The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact.[6][7] The company installed Buffalo Automation's "AutoMate" system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation.[6][8]

Algoma Central's self-unloading bulk carriers
NameLaunchedImage
Algoma Buffalo1978
Algoma Compass1973
Algoma Conveyor2019
Algoma Innovator2018
Algoma Intrepid2020
Algoma Mariner2011
Algoma Niagara2017
Algoma Sault2018
Algoma Transport1979
John D. Leitch1967
Radcliffe R. Latimer1978

Algoma also operates several gearless bulk carriers:[3]

Algoma Central's gearless bulk carriers:
NameLaunchedImage
Algoma Discovery1987
Algoma Equinox2013
Algoma Guardian1987
Algoma Harvester2014
Algoma Strongfield2016
Captain Henry Jackman2021
G3 Marquis2014
Tim S. Dool1967

Algoma operates a fleet of tankers:

Algoma Central's tankers[9]
NameLaunchedImage
Algoberta2007 (acquired 2022)
AlgoCanada2009
Algoluna2010 (acquired 2022)
Algonova2008
Algoscotia2004
Algoterra2010
Algotitan2007 (acquired 2022)

References

  1. ↑ Annual Report 1992 (PDF). Sault Ste Marie, ON: Algo Central Corporation. 1992. p. 8; 24. Archived from the original (PDF) on 8 January 2020. Retrieved 28 June 2012.
  2. ↑ "Elliot Lake Mall chronology: from birth to death — and beyond". CBC.ca. Ontario, Canada. 15 Oct 2014. Retrieved 8 Sep 2019.
  3. 1 2 Nash, Philip (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-07.
  4. ↑ Nguyen, Betty (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. 1 2 "Smart Ships: Canadian carriers adopting new digital technologies". Marine Delivers Magazine 2019. Ottawa, Canada: Chamber of Marine Commerce. 2019. Retrieved 11 September 2019.
  7. ↑ "Explore The Equinox Class". algonet.com. 2019. Retrieved 11 Sep 2019.
  8. ↑ "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 September 2019.
  9. ↑ "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. 2010-02-10. Archived from the original on 2018-02-20. Retrieved 2012-01-05.
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