Algoma Central

Algoma Central Corporation

Type	Public
Industry	Shipping
Headquarters	St. Catharines, Ontario, Canada
Key people	Greg D. Wight
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
• Frasier Marine and Industrial - 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

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 2013 and 2014, the corporation is constructing eight new bulk carriers to be named after the lead ship, the Algoma Equinox.^[4][5]

Algoma Central's self-unloading bulk carriers

name	launched	image
Algobay	1978
Algolake	1977
Algoma Enterprise	1979
Algoma Mariner	2011
Algoma Navigator	1967
Algoma Olympic	1976
Algoma Transport	1979
Algomarine	1969
Algorail	1968
Algosoo	1974
Algosteel	1966
Algoway	1972
Algowood	1981
Capt. Henry Jackman	1981
John B. Aird	1983
John D. Leitch	1967
Peter R. Cresswell	1982

Algoma also owns several gearless bulk carriers:^[3]

Algoma Central's gearless bulk carriers:

name	launched	image
Algoma Discovery	1987
Algoma Equinox	2013
Algoma Guardian	1987
Algoma Harvester	2014
Algoma Spirit	1986
CWB Marquis	2014
CWB Strongfield	2015
Tim S. Dool	1967

Algoma operates a fleet of tankers:

Algoma Central's tankers^[6]

name	launched	image
AlgoCanada	2009
Algoeast	1977
Algoma Dartmouth	2007
Algoma Hansa	1998
Algonova	2008
Algosar	1978
Algoscotia	2004
Algosea	1998

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. Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. mirror
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. Retrieved 2012-01-05. mirror

External links

• Algoma Central Corporation