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

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Post by Possibleidiot01on Nov 04, 2023 10:16am

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statement on strike resolution - Linkedin

It is good to see vessels transiting through the Seaway system again. Estimates put a traffic recovery timeline between 3 and 5 days. Currently, 8 Algoma vessels are waiting their turn to pass through the Welland Canal or currently transiting down the canal. It is important to stress that while vessels are slowly making their way through the system, we are still in the process of assessing the full extent of the closure's repercussions.

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