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Algoma Central Corp T.ALC

Alternate Symbol(s):  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 producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.


TSX:ALC - Post by User

Algoma Central Corp
Bullboard Posts
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Post by rustybladeson Feb 22, 2019 11:10am
225 Views
Post# 29399708

Canadian Oil

Canadian Oil
Just an idea without a lot of thought on my part other than it was triggered by the recent purchase of ALC's tenth tanker this week. How feasible is it to ship Alberta oil to Thunder Bay by pipeline and then tanker to refinery in New Brunswick? Even a partial displacement of Saudi oil would be positive. Tanker size would be limited by seaway lock size.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities