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 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.
Shipping
An Algoma Central Corp. subsidiary, Algoma Central Marine, operates a fleet of self unloaders on the Great Lakes.
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, . The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact. The company installed Buffalo Automation's "AutoMate" system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation.
+ Algoma Central's self-unloading bulk carriers Name Launched Image 2024 1978 1973 2019 2024 2018 2020 2011 2017 2018 1967 Michipicoten 1952 1978 Robert S. Pierson 1973 Saginaw 1953 Valo 1953
Algoma also operates several gearless bulk carriers:
+ Algoma Central's gearless bulk carriers: Name Launched Image 1987 2013 1987 2014 2016 2021 2014 1983 1967
Algoma operates a fleet of tankers:
+ Algoma Central's tankers Name Launched Image 2007 (acquired 2022) 2009 2010 (acquired 2022) 2008 2004 2010 2007 (acquired 2022)
References
External links Algoma Central Corporation