Algoma Central

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Algoma Central Corporation
Company type Public
TSX:  ALC
IndustryShipping
FoundedIncorporated on August 11, 1899 in Sault Ste. Marie, Ontario
FounderFrancis H. Clergue
Headquarters St. Catharines, Ontario
Key people
Gregg Ruhl, President & CEO
Number of employees
1,600
Website algonet.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.

Contents

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 Algorail in (St Clair River Mich).jpg
Canadian freighter Algorail downbound in the St. Clair River
Algomarine at Goderich, Ontario Algomarine at Goderich 4.jpg
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 honour 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 Bear 2024
Algoma Buffalo 1978
Algoma Compass 1973
Algoma Conveyor 2019
Algoma Innovator 2018
Algoma Intrepid 2020
Algoma Mariner 2011 Fog Delay (7507720506).jpg
Algoma Niagara 2017
Algoma Sault 2018
John D. Leitch 1967 The John D. Leitch transits through the Soo Locks.jpg
Radcliffe R. Latimer 1978 Bulk Carrier Algobay, in Toronto.jpg

Algoma also operates several gearless bulk carriers: [3]

Algoma Central's gearless bulk carriers:
NameLaunchedImage
Algoma Discovery 1987
Algoma Equinox 2013 Algoma Navigator, and Algoma Equinox, moored in Toronto, 4pm, 2014 01 01 (4).jpg
Algoma Guardian 1987 Algoma Guardian enters the MacArthur Lock.jpg
Algoma Harvester 2014 Algoma Harvester-in dry dock.jpg
Algoma Strongfield 2016
Captain Henry Jackman 2021
G3 Marquis 2014
Tim S. Dool 1967 Bow of the Tim S. Dool, Polson slip, 2012-03-17 -a.jpg

Algoma operates a fleet of tankers:

Algoma Central's tankers [9]
NameLaunchedImage
Algoberta 2007 (acquired 2022)
AlgoCanada 2009 USCGC Mackinaw breaks ice in St. Marys River 131223-G-ZZ999-001.jpg
Algoluna 2010 (acquired 2022)
Algonova 2008 Algonova.jpg
Algoscotia 2004
Algoterra 2010
Algotitan 2007 (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 January 8, 2020. Retrieved June 28, 2012.
  2. ↑ "Elliot Lake Mall chronology: from birth to death — and beyond". CBC.ca . Ontario, Canada. October 15, 2014. Retrieved September 8, 2019.
  3. 1 2 Nash, Philip (January 6, 2012). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on January 7, 2012.
  4. ↑ Nguyen, Betty (December 25, 2012). "Algoma: First Equinox Class Vessel Launched (Canada)". Glob Maritime . Retrieved June 22, 2013.
  5. ↑ "Algoma Invests in Great Lakes Shipping". Marine Link. March 23, 2011. Retrieved June 22, 2013.
  6. 1 2 "Smart Ships: Canadian carriers adopting new digital technologies". Marine Delivers Magazine 2019. Ottawa, Canada: Chamber of Marine Commerce. 2019. Retrieved September 11, 2019.
  7. ↑ "Explore The Equinox Class". algonet.com. 2019. Retrieved September 11, 2019.
  8. ↑ "Algoma Central Corporation: major player in the domestic and oceangoing self-unloader market continues to extend its reach" (PDF). Dry Cargo International. February 2019. Retrieved September 11, 2019.
  9. ↑ "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. February 10, 2010. Archived from the original on February 20, 2018. Retrieved January 5, 2012.
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