Algoma Central ratifies dry bulk labor agreements with maritime unions

DECEMBER 24, 2018 — Algoma Central Corporation (TSX: ALC) reports that all of its domestic dry-bulk collective agreements with maritime unions have been ratified and will be in force until 2023. These

Algoma Innovator heads for Canada

FEBRUARY 23, 2018 — St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) reports that the recently completed Algoma Innovator, the first of two new Equinox Class 650-foot-long self unloading dry bulk

Algoma Central takes delivery of latest self-unloader from Uljanik

DECEMBER 15, 2017 — St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) has taken delivery of its latest self-unloader, the Algoma Innovator, from the Uljanik d.d. shipyard in Croatia. The vessel

Tentative agreement with union ends Algoma Central strike

OCTOBER 30, 2017 — Algoma Central Corporation (TSX:ALC) said Friday that it has reached a tentative agreement with the Canadian Merchant Service Guild, the maritime union representing navigation and engineering officers in

Algoma Central in short-sea bulk JV with Nova

APRIL 20, 2017 — Ontario, Canada, headquartered Algoma Central Corporation and Lugano, Switzerland, based Nova Marine Carriers SA have created a new joint venture, focused on short-sea dry-bulk shipping for global markets.

Latest Algoma Central Equinox bulker is headed for Canada

APRIL 3, 2017 — St. Catharines, Ontario, headquartered Algoma Central Corporation reports that the latest addition to its Equinox class of bulkers, Algoma Strongfield, has completed preparations and has now begun its

Ice floe, delayed crew response, led to laker grounding

JUNE 28, 2016 — The Transportation Safety Board of Canada (TSB) has determined that delays in responding after the vessel dragged anchor due to contact with an ice floe contributed to the

Arbitration Tribunal finds for Algoma in shipbuilding case

FEBRUARY 17, 2014 — St. Catharines, ON, based Algoma Central Corporation reports that the London, U.K.,  Arbitration Tribunal hearing a contract dispute involving three shipbuilding contracts between Algoma and Nantong Mingde Heavy

Algoma Central enters cement carrier JV with Nova Marine

JANUARY 15, 2016 — Cement carriers could prove to be one specialized sector of shipping ripe to generate a few shipbuilding orders. St. Catharines, ON, headquartered Algoma Central Corporation reported today that

Algoma adds more Equinox newbuilds to order book

Today, Algoma said that contracts for two ships had been made effective with the delivery of refund guarantees by the shipyard, China’s Jiangsu Yangzijiang Shipbuilding Co. Ltd.

“Our search for a shipyard in China to replace the now-bankrupt Nantong Mingde Heavy Industries (“Mingde”) led us to Yangzijiang,” said Ken Bloch Soerensen, President and CEO of Algoma. “We have been pleased with the professionalism and enthusiasm the yard has shown for our project and the quality that they have shown on work done for other shipowners.”

The announcement of the two ship order at Yangzijiang follows a November 25 announcement that contracts for three Equinox newbuilds with Uljanik d.d. of Croatia had become effective with delivery by the yard of security for the contractually required construction installments.

Algoma now has five Equinox Class ships under construction at the Uljanik Group’s 3Maj shipyard in Rijeka.All the vessels will have an overall length of 225.55 metres (740 feet) and a beam of 23.77 metres (78 feet), qualifying as Seaway Max size ships. The vessels will carry 29,300 tonnes at maximum Seaway draft.

The two most recently ordered at Uljanik will feature a boom-forward configuration designed to provide greater flexibility in certain delivery situations. The others will feature a standard rear boom.

The new Equinox vessels will have all of the features of the existing Equinox design, including the exhaust gas scrubber technology pioneered by Algoma on the Great Lakes in its first Equinox Class gearless bulk carriers.

With seven ships now under construction, Algoma expects to invest approximately $450 million in this phase of its fleet renewal program. It is also reviewing its fleet plan and considering the retirement of certain older vessels.