Algoma Central Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- CEO
- Gregg A. Ruhl
- Full Time Employees
- 1,600
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 63 Church Street Saint Catharines ON Canada L2R 3C4
- IPO Date
- Aug 17, 2012
- Website
- algonet.com
- Similar Companies
- Business
- Algoma Central Corporation, a Canadian publicly listed marine transportation company (TSX: ALC), owns and operates the largest fleet of dry-bulk carriers and product tankers on the Great Lakes-St. Lawrence Seaway; provides domestic dry-bulk shipping services via 19 self-unloading and gearless bulk carriers serving steel production, agriculture, mining, construction, aggregate, cement, building materials, and salt sectors; transports liquid petroleum products through its domestic product tanker fleet across the Great Lakes-St. Lawrence Seaway and Atlantic Canada; operates ocean self-unloading dry-bulk vessels internationally as part of the world's largest pool of self-unloaders, carrying aggregates, gypsum, iron ore, coal, and salt; and holds 50% interests in global joint ventures including NovaAlgoma Cement Carriers with specialized pneumatic cement carriers, NovaAlgoma Short Sea Carriers with mini-bulkers up to 15,000 dwt supporting agriculture, cement, construction, energy, and steel industries, NovaAlgoma Bulk Holdings with handy-size bulk carriers, and FureBear with dual-fuel product tankers. The company also manages ship repair services through Algoma Ship Repair, a diversified facility in Port Colborne, Ontario, specializing in topside repairs and industrial services for Great Lakes and St. Lawrence vessels; operates investment properties in Ontario cities; and provides technical management for third-party vessels internationally. Founded in 1899 and headquartered in St. Catharines, Ontario, Algoma maintains operations across Canada, the United States East Coast, Europe, and global short-sea markets through offices in Montreal, Winnipeg, Lugano, Fort Lauderdale, Hamilton, and Bermuda. Recent developments include the delivery of Algoma Legacy, the first of three methanol-ready self-unloading vessels and the company's 100th vessel in September 2025, marking a milestone in fleet expansion and sustainability; approval of two newbuild 9,500-dwt mini-bulkers for the NovaAlgoma Short Sea Carriers joint venture with deliveries expected in late 2027; a total of 16 vessels under construction or on order, including 10 climate-friendly product tankers in the FureBear joint venture with Furetank AB and three methanol-ready Kamsarmax self-unloaders ordered with CSL Group; and the post-third quarter 2025 sale by NovaAlgoma Cement Carriers of a controlling stake in its wholly-owned vessels to P&O Maritime Logistics, a DP World subsidiary, to strengthen partnerships, reduce short-term borrowings, and support growth while retaining substantial ownership in the pneumatic cement carrier fleet.
Algoma Central Corporation Announces Results of 2026 Annual General Meeting of Shareholders
Algoma Central Corporation Reports Financial Results for the 2026 First Quarter
Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid
Algoma Central Corporation Reports Financial Results for Fiscal 2025
Mainstay Maritime Announces Agreement to Sell Canadian Operating Companies and Fleet to Algoma Central Corporation
Algoma Central Corporation Announces Agreement to Acquire Lower Lakes Fleet
Algoma Central Corporation Announces a 5% Increase in Quarterly Dividend
Algoma Central Corporation Celebrates 100th Vessel Milestone
Algoma Central Corporation Reports Financial Results for the 2025 Second Quarter
Algoma Central Corporation to Issue Second Quarter Financial Results on August 6, 2025
Algoma Central Corporation Announces Results of 2025 Annual General Meeting of Shareholders
Algoma Central Corporation Reports Financial Results for the 2025 First Quarter
Algoma Central Corporation and Irving Oil Welcome New Tanker Vessels to Fuel Energy Deliveries
Algoma Central Corporation to Hold 2025 Annual General Meeting of Shareholders on May 2, 2025
Algoma Central Corporation Takes Delivery of Three Vessels Within One Week
Algoma Central Corporation Announces a 5% Increase in Quarterly Dividend
Algoma Central Corporation to Issue Third Quarter Financial Results on November 4, 2024
Algoma Central Corporation Announces Convertible Debenture Conversion Price
Algoma Central Corporation Announces Results of 2024 Annual General and Special Meeting of Shareholders
Algoma Central Corporation Reports Financial Results for the 2024 First Quarter