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Bullboard - Stock Discussion Forum Algoma Central Corp T.ALC

Alternate Symbol(s):  T.ALC.DB.A | AGMJF

Industrials
Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate... see more

TSX:ALC - Post Discussion

Algoma Central Corp > New to the board question
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Post by jcjohn36 on May 07, 2021 1:32pm

New to the board question

Any thoughts if the Michigan governor pulls the plug on Enbridges pipeline. Will refineries in Sarnia be forced to ship by freighter to points east?
Does Algoma have the capacity to capitalize on this?
Thanks in advance,
JC
Comment by DanGood38 on May 12, 2021 1:50am
Having the largest fleet of tankers in the great lakes I would assume they could switch to oil pretty quick. I think Buffet bought into rail when a lot of the Alberta pipelines started getting shut in.
Comment by Maxmoe on Jun 16, 2021 12:33am
Not quite that easy but yeah they could ship oil. It would be a huge backward step for the environment. If you read the history of line 3, and other pipelines, they were built to avoid the environmental damage that would/could occur with increased tanker traffic. I'm ok with alc shipping iron ore instead. When oil went near zero or below last year the fleet could have been used to store some ...more  
Algoma Central Corp
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