Algoma Central
Company type | Public |
---|---|
TSX: ALC | |
Industry | Shipping |
Headquarters | St. Catharines, Ontario |
Key people | Gregg Ruhl |
Number of employees | 1,400 |
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.
Subsidiaries
The company operates a number of
- Algoma Central Properties - owning commercial real estate in Sault Ste. Marie, St. Catharines, and Waterloo, Ontario
- Algoma Ship Repair - repairs ships at its dock on the Welland Canal in Port Colborne, Ontario
- 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[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
An
In 2000,
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]
Name | Launched | Image |
---|---|---|
Algoma Buffalo | 1978 | |
Algoma Compass | 1973 | |
Algoma Conveyor | 2019 | |
Algoma Innovator | 2018 | |
Algoma Intrepid | 2020 | |
Algoma Mariner | 2011 | |
Algoma Niagara | 2017 | |
Algoma Sault | 2018 | |
Algoma Transport | 1979 | |
John D. Leitch | 1967 | |
Radcliffe R. Latimer | 1978 |
Algoma also operates several gearless bulk carriers:[3]
Name | Launched | Image |
---|---|---|
Algoma Discovery | 1987 | |
Algoma Equinox | 2013 | |
Algoma Guardian | 1987 | |
Algoma Harvester | 2014 | |
Algoma Strongfield | 2016 | |
Captain Henry Jackman | 2021 | |
G3 Marquis | 2014 | |
Tim S. Dool | 1967 |
Algoma operates a fleet of tankers:
Name | Launched | Image |
---|---|---|
Algoberta | 2007 (acquired 2022) | |
AlgoCanada | 2009 | |
Algoluna | 2010 (acquired 2022) | |
Algonova | 2008 | |
Algoscotia | 2004 | |
Algoterra | 2010 | |
Algotitan | 2007 (acquired 2022) |
References
- ^ 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.
- ^ "Elliot Lake Mall chronology: from birth to death — and beyond". CBC.ca. Ontario, Canada. 15 Oct 2014. Retrieved 8 Sep 2019.
- ^ a b Nash, Philip (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-07.
- ^ Nguyen, Betty (2012-12-25). "Algoma: First Equinox Class Vessel Launched (Canada)". Glob Maritime. Retrieved 2013-06-22.
- ^ "Algoma Invests in Great Lakes Shipping". Marine Link. 2011-03-23. Retrieved 2013-06-22.
- ^ a b "Smart Ships: Canadian carriers adopting new digital technologies". Marine Delivers Magazine 2019. Ottawa, Canada: Chamber of Marine Commerce. 2019. Retrieved 11 September 2019.
- ^ "Explore The Equinox Class". algonet.com. 2019. Retrieved 11 Sep 2019.
- ^ "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.
- Newswire. 2010-02-10. Archived from the originalon 2018-02-20. Retrieved 2012-01-05.