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.

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Algoma Central Corp > Are we expecting..

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Comment by Tim2Agamion Jan 08, 2024 12:02pm

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Post# 35815768

RE:RE:Are we expecting..

Instead, it appears the cash is being used to reinvigorate the steady (end-of-month) buyback program after a pause in July, August and September

October 10,830 @ 14.47
November 27,095 @ 14.63
December 31,295 @ 15.04

A warming climate may begin to extend the shipping seasons on the Seaway/ Great Lakes -- enough in the long run to make up for the summer's strike of 2023.

https://greatlakes-seaway.com/en/commercial-shipping/seaway-opening-and-closing-information/

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