Algoma Central Corporation
Description Algoma Central Corporation owns and operates a fleet of dry-bulk carriers and product tankers operating on the Great Lakes-St. Lawrence Waterway. The company operates in four segments; Domestic Dry-Bulk, Product Tankers, Ocean Shipping, and Real Estate. The Domestic Dry-Bulk segment owns and manages 19 self-unloading carriers and 7 bulk carriers in the Great Lakes, St. Lawrence Seaway, and Atlantic Canada to carry various dry bulk products, such as grain, coal and coke, iron ore, salt, and aggregates. This segment also offers ship repair and steel fabrication services. The Product Tankers segment operates seven Canadian flagged tanker vessels to carry petroleum products on the Great Lakes, the St. Lawrence Seaway and the east coast of North America; and one product tanker active in international markets. The Ocean Shipping segment owns two ocean-going dry-bulk self-unloading vessels; and holds interests in four other self-unloading vessels that trade world-wide. The Real Estate segment engages in the development, rental, and management of a shopping centre, commercial plazas, a hotel, office buildings, and an apartment building in Sault Ste. Marie, St. Catharines, and Waterloo, Ontario. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was founded in 1899 and is headquartered in Sault Ste. Marie, Canada. To view the detailed information, you need to SUBSCRIBE with us. |
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