Algoma Central
| File:Algoma Central Corporation Logo.jpg | |
| Company type | Public |
|---|---|
| TSX: ALC | |
| Industry | Shipping |
| Headquarters | St. Catharines, Ontario |
Key people | Gregg Ruhl |
Number of employees | 1,400[1] |
| 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 subsidiaries including:
- 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[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 since been demolished.[3]
Shipping
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An Algoma Central Corp. subsidiary, Algoma Central Marine, operates a fleet of self unloaders on the Great Lakes.[4]
Beginning in 2013, the corporation initiated construction of a series of new bulk carriers to be named after the lead ship, Algoma Equinox.[5][6] The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact.[7][8] The company installed Buffalo Automation's AutoMate system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation.[7][9]
| Name | Launched | Image |
| Algoma Buffalo | 1978 | |
| Algoma Compass | 1973 | |
| Algoma Conveyor | 2019 | |
| Algoma Enterprise | 1979 | .JPG_-_panoramio.jpg)
|
| Algoma Innovator | 2018 | |
| Algoma Mariner | 2011 | .jpg){kind=small}
|
| Algoma Niagara | 2017 | |
| Algoma Sault | 2018 | |
| Algoma Transport | 1979 | 
|
| Algowood | 1981 | 
|
| Capt. Henry Jackman | 1981 | 
|
| John D. Leitch | 1967 | 
|
| Radcliffe R. Latimer | 1978 | 
|
Algoma also owns several gearless bulk carriers:[4]
| name | launched | image |
| Algoma Discovery | 1987 | |
| Algoma Equinox | 2013 | .jpg)
|
| Algoma Guardian | 1987 | 
|
| Algoma Harvester | 2014 | 
|
| Algoma Spirit | 1986 | |
| Algoma Strongfield | 2016 | |
| G3 Marquis | 2014 | |
| Tim S. Dool | 1967 | 
|
Algoma operates a fleet of tankers:
| Name | Launched | Image |
| AlgoCanada | 2009 | 
|
| Algoma Dartmouth | 2007 | |
| Algoma Hansa | 1998 | |
| Algonorth | 2008 | |
| Algonova | 2008 | 
|
| Algoscotia | 2004 | |
| Algosea | 1998 | |
| Algoterra | 2010 |
References
- ^ "Company Profile for Algoma Central Corp (CA;ALC)". Retrieved 2008-10-10.
- ^ Annual Report 1992 (PDF). Sault Ste Marie, ON: Algo Central Corporation. 1992. p. 8; 24. 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 Philip Nash (2012-01-06). "Algoma Central Marine Fleet". Boatnerd. Archived from the original on 2012-01-08.
- ^ Betty Nguyen (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 Sep 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 Sep 2019.
- ^ "Algoma Central Corporation Acquires New Vessel Algoma Dartmouth". Newswire. 2010-02-10. Archived from the original on 2012-01-05. Retrieved 2012-01-05.