Algoma Central Corporation (T:ALC)

Business Focus: Inland Water Freight

Get the company report for the most recent outlook updated daily

Apr 17, 2024 07:00 am ET

Algoma Central Corporation to Hold 2024 Annual General and Special Meeting of Shareholders on May 1, 2024

Algoma Central Corporation (TSX: ALC) is pleased to announce that the 2024 Annual General and Special Meeting (the “Meeting”) of Shareholders will be held in person on Wednesday May 1, 2024 at Vantage Venues, 27th floor, 150 King Street West, Toronto, Ontario M5H 1J9 at 11:30 a.m. (EDT).

Mar 19, 2024 07:00 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issue Bid

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”).

Feb 26, 2024 07:00 am ET

Algoma Central Corporation Reports Financial Results for Fiscal 2023

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the year ended December 31, 2023. Algoma reported revenues of $721,220, a 6% increase compared to the same period in 2022. Net earnings for 2023 were $82,870 compared to $119,966 for the same period in 2022. Prior year results included a $9,977 gain from the sale of Station Mall and a $10,848 impairment reversal. The Company reported 2023 EBITDA of $187,115 compared to $204,961 for the same period in 2022. All amounts reported below are in thousands of Canadian dollars, except for per share data and

Feb 12, 2024 04:22 pm ET

Algoma Central Corporation to Issue Fiscal 2023 Financial Results on February 26, 2024

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced it will report its financial results for the year ended December 31, 2023 before market open on February 26, 2024. The Company's fiscal 2023 earnings release and full financial results will be available on the Company's website and on SEDAR.

Feb 05, 2024 09:45 am ET

Algoma Central Corporation Commits to Industry Leadership to Further Address Workplace Harassment

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, is responding to the Seafarers’ International Union of Canada (“SIU”) report released today on workplace harassment and bullying within the Canadian marine sector.

Jan 18, 2024 08:54 am ET

Algoma Central Corporation continues to grow product tanker business with the acquisition of two additional vessels

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company has acquired two 2009 built, 16,600 dwt product tankers from Norway’s Knutsen OAS Shipping.

Jan 15, 2024 07:00 am ET

Algoma Central Corporation Announces a 6% Increase in Quarterly Dividend

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share.

Nov 23, 2023 10:00 am ET

Algoma Central Corporation Named One of Hamilton-Niagara’s Top Employers for the Second Year in a Row

Algoma Central Corporation (TSX: ALC) is proud to announce that it has been selected as one of Hamilton-Niagara’s Top Employers for 2024. The Award recognizes Algoma’s dedication to providing an environment where employees can thrive and reach their full potential. This will be the second year in a row Algoma has achieved this special recognition and highlights our continued commitment to creating an exceptional workplace, fostering a culture of inclusivity, investing in employees' well-being, and developing our workforce for the future.

Nov 03, 2023 03:00 pm ET

Algoma Central Corporation Reports Financial Performance for the 2023 Third Quarter

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and nine months ended September 30, 2023. Algoma reported revenues during the 2023 third quarter of $205,888, a 3% increase compared to the same period in 2022. Net earnings for the 2023 third quarter were $35,745 compared to $42,533 for the same period in 2022. The Company reported 2023 third quarter EBITDA of $68,242 compared to $73,604 for the same period in 2022. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates oth

Oct 27, 2023 07:00 am ET

Algoma Central Corporation to Issue Third Quarter 2023 Financial Results on November 3, 2023

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced it will report its financial results for the three and nine months ended September 30, 2023 after market close on November 3, 2023. The Company's third quarter earnings release and full financial results will be available on the Company's website and on SEDAR.

Sep 14, 2023 07:00 am ET

Algoma Central Corporation and Furetank Co-Order Two Additional Newbuilds

Algoma Central Corporation (“Algoma”) (TSX: ALC), today announced it has expanded its investment in the FureBear joint venture with two additional vessel orders, bringing the total newbuild order to ten intermediate product tankers to trade in Northern Europe with their partner Furetank AB (“Furetank”) of Sweden. The two companies continue to position FureBear to increase fleet capacity to expand into new markets and meet future demand for biofuels transportation.

Aug 04, 2023 07:00 am ET

Algoma Central Corporation Reports Financial Performance for the 2023 Second Quarter

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and six months ended June 30, 2023. Algoma reported revenues during the 2023 second quarter of $202,406, a 10% increase compared to the same period in 2022. Net earnings for the 2023 second quarter were $33,144 compared to $47,045 for the same period in 2022; earnings in 2022 included a $10,563 gain from the sale of Station Mall. The Company reported 2023 second quarter EBITDA of $65,204 compared to $61,412 for the same period in 2022. All amounts reported below are in thousands of Canadian

Jul 21, 2023 07:00 am ET

Algoma Central Corporation to Issue Second Quarter 2023 Financial Results on August 4, 2023

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced it will report its financial results for the three and six months ended June 30, 2023 before market open on August 4, 2023. The Company's second quarter earnings release and full financial results will be available on the Company's website and on SEDAR.

Jun 19, 2023 07:00 am ET

Algoma Central Corporation fuels domestic product tanker business with $127-million newbuild investment in partnership with Irving Oil

Algoma Central Corporation (“Algoma”) (TSX: ALC), today announced it has placed an order with Hyundai Mipo Shipyard in South Korea to build two 37,000 DWT ice class product tanker vessels for a total investment of $127 million CAD. These new ships will be entered on long-term time charters to Irving Oil under Canadian flag, servicing the energy company’s refinery in Saint John, New Brunswick, with deliveries to ports in Atlantic Canada and the US East Coast.

May 04, 2023 09:37 am ET

Algoma Central Corporation Announces Results of 2023 Annual General Meeting of Shareholders

Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders on May 3, 2023. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated February 27, 2023, available online at www.algonet.com/invest

May 03, 2023 09:16 am ET

Algoma Central Corporation Reports Financial Performance for the 2023 First Quarter

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three months ended March 31, 2023. Algoma reported revenues of $111,604, a 31% increase compared to the same period in 2022. The Company reported a net loss of $19,640 compared to a loss of $19,571 for the 2022 period. Due to the closing of the canal system and the winter weather conditions on the Great Lakes - St. Lawrence Seaway, the majority of the Domestic Dry-Bulk fleet does not operate for most of the first quarter. All amounts reported below are in thousands of Canadian dollars,

Apr 19, 2023 09:00 am ET

Algoma Central Corporation to Hold 2023 Annual General Meeting on May 3, 2023

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2023 Annual General Meeting (“Meeting”) of Shareholders will be held in person on Wednesday May 3, 2023 at Canada Games Park, 2021 Canada Games Way, Thorold, ON L2V 4Y6 at 11:30 a.m. (EDT) and broadcast via live webcast at

Mar 20, 2023 08:42 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Feb 27, 2023 07:00 am ET

Algoma Central Corporation Reports Financial Performance for Fiscal 2022

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the year ended December 31, 2022. Algoma delivered strong fiscal 2022 results with revenues of $677,942, a 13% increase compared to 2021. The Company also reported a 46% increase in net earnings and an 8% increase in EBITDA(1). All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.

Feb 17, 2023 07:02 am ET

Algoma Central Corporation and The CSL Group Order a New Generation of Kamsarmax-Based Ocean Belt Self-Unloading Ships

Algoma Central Corporation (“Algoma”) (TSX: ALC) and The CSL Group (“CSL”), who together form the CSL International Pool (“the Pool”), today announced a newbuild order with Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd. (“YAMIC" or “the Shipyard”), to construct four new methanol-ready Kamsarmax-based ocean belt self-unloading vessels. These new ships will replace the Pool’s oldest vessels and become the model for its next generation of ocean self-unloaders.

Feb 13, 2023 03:00 pm ET

Algoma Central Corporation to Issue Fiscal 2022 Financial Results on February 27, 2023

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced that it will report its financial results for the year ended December 31, 2022 before market open on February 27, 2023. Our fiscal 2022 earnings release and full financial results will be available on the Company's website and on SEDAR.

Jan 13, 2023 07:00 am ET

Algoma Central Corporation Announces a 6% Increase in Quarterly Dividend

Dec 22, 2022 09:00 am ET

Algoma Central Corporation Announces Acquisition of Two Product Tankers

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), today announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product Tankers fleet. Built in 2007, the sister ships were purchased to prepare for the coming replacement of two older vessels in the Company’s Product Tanker fleet. Both vessels are well suited to the Company’s domestic tanker trades.

Dec 14, 2022 07:00 am ET

Algoma Central Corporation Announces Special Dividend of $1.35 Per Share

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a Special Dividend to shareholders of $1.35 per common share.

Nov 24, 2022 01:27 pm ET

Algoma Central Corporation Named One of Hamilton-Niagara’s Top Employers

Algoma Central Corporation (TSX: ALC) today announced that it has been selected as one of Hamilton-Niagara’s Top Employers 2023. This special designation recognizes the employers in the Hamilton-Niagara area that lead their industries in offering exceptional places to work.

Nov 10, 2022 07:30 am ET

Algoma Central Corporation and Furetank Double Investment in Product Tankers

Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (“Furetank”) of Sweden, bringing the total investment to eight vessels. Algoma owns 50% of the joint venture.

Nov 07, 2022 07:00 am ET

Algoma Central Corporation Reports Financial Results for the 2022 Third Quarter

Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and nine months ended September 30, 2022. Revenues increased 14% during the 2022 third quarter to $199,327 compared to $174,734 for the same period in 2021 while net earnings increased 6% in the same period. The Company reported 2022 third quarter EBITDA(1) of $73,604 compared to $69,415 for the same period in 2021. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.

Oct 24, 2022 11:00 am ET

Algoma Central Corporation to Issue Third Quarter 2022 Financial Results on November 7, 2022

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced that it will report its financial results for the three and nine months ended September 30, 2022 before market open on November 7, 2022. Our third quarter earnings release as well as full financial results will be available on the Company's website and on SEDAR.

Aug 16, 2022 07:10 am ET

Algoma Central Corporation and Furetank Establish Product Tanker Joint Venture With Sustainability Focus

Algoma Central Corporation (TSX: ALC) today announced that it has entered into a joint venture agreement to construct four dual-fuel ice class 1A 17,999 DWT climate friendly product tankers with Furetank AB (“Furetank”) of Sweden. Algoma will own 50% of the joint venture, which is to be named FureBear. This joint venture, with a leader in the Northern European intermediate ice-class product tanker segment, will advance Algoma’s presence in international short sea shipping markets and strengthen the Company’s investment in long-term sustainable shipping solutions.

Aug 05, 2022 05:05 pm ET

Algoma Central Corporation Reports Financial Performance for the 2022 Second Quarter

Algoma Central Corporation (TSX: ALC) today reported its results for the three and six months ended June 30, 2022. Revenues increased 9% during the 2022 second quarter to $183,463 compared to $167,687 for the same period in 2021 while net earnings increased 46% in the same period. The Company reported 2022 second quarter EBITDA(1) of $61,412 compared to $61,860 for the same period in 2021. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.

Jul 29, 2022 02:59 pm ET

Algoma Central Corporation to Issue Second Quarter 2022 Financial Results on August 5, 2022

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced that it will report its financial results for the three and six months ended June 30, 2022 after market close on August 5, 2022. Our second quarter earnings release as well as full financial results will be available on the Company's website and on SEDAR.

Jul 05, 2022 08:30 am ET

Algoma Central Corporation Announces Sale of Station Mall in Sault Ste. Marie

Algoma Central Corporation (TSX: ALC) announced today that it has sold Station Mall, a large regional shopping complex located in Sault Ste. Marie, Ontario. The transaction closed on June 30, 2022.

Jun 29, 2022 08:24 am ET

Algoma Central Corporation Releases 2020/2021 Sustainability Report

Algoma Central Corporation (TSX: ALC) released its 2020/2021 Corporate Sustainability Report that details the Company’s sustainability priorities, actions and progress across the three pillars of people, planet and prosperity.

May 04, 2022 04:39 pm ET

Algoma Central Corporation Announces Results of 2022 Annual General Meeting of Shareholders

Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders (the “Meeting”) on May 4, 2022. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated February 25, 2022, available online at www.al

May 04, 2022 10:20 am ET

Algoma Central Corporation Reports Financial Performance for the 2022 First Quarter

Algoma Central Corporation (TSX: ALC) today reported its results for the three months ended March 31, 2022. Revenues increased 10% to $85,103, compared to $77,599 in 2021. The Company reported a 13% improvement in net loss and a 68% improvement in EBITDA(1). Due to the closing of the canal system and the winter weather conditions on the Great Lakes - St. Lawrence Seaway, the majority of the Domestic Dry-Bulk fleet does not operate for most of the first quarter. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates o

Apr 20, 2022 07:00 am ET

Algoma Central Corporation to Hold 2022 Annual General Meeting of Shareholders Virtually on May 4, 2022

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2022 annual general meeting of shareholders will be held virtually via a live webcast available at www.virtualshareholdermeeting.com/ALC2022 on Wednesday May 4, 2022 at the hour of 11:30 a.m. (EDT).

Mar 17, 2022 07:00 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Mar 10, 2022 07:00 am ET

Algoma Central Corporation and Nova Marine Increase Investment in NovaAlgoma Joint Venture With Five Vessel Acquisitions

Algoma Central Corporation (TSX: ALC) and Nova Marine today announced an increased investment in their global short sea shipping joint ventures, NovaAlgoma, by acquiring three cement carriers from KGJ Cement in Northern Europe and two handy-size bulk carriers from Swire Bulk Holdings Pte. Ltd. of Singapore. The vessels will be strong additions to NovaAlgoma’s already diversified vessel portfolio, which includes cement carriers, mini-bulkers and handy-size bulk carriers.

Feb 28, 2022 07:00 am ET

Algoma Central Corporation Reports Record Financial Performance for Fiscal 2021

Algoma Central Corporation (TSX: ALC) today reported its results for the year ended December 31, 2021. Algoma delivered record fiscal 2021 results with revenues of $598,873, a 10% increase compared to 2020. The Company reported a 79% increase in net earnings and a 9% increase in EBITDA(1). All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.

Feb 14, 2022 07:00 am ET

Algoma Central Corporation to Issue Fiscal 2021 Financial Results on February 28, 2022

Algoma Central Corporation (TSX: ALC.TO) (TSX: ALC.DB.A) today announced that it will report its financial results for the year ended December 31, 2021 before market open on Monday, February 28, 2022.

Dec 17, 2021 07:00 am ET

NovaAlgoma Cement Carriers Limited Increases Investment in Northern Europe

Algoma Central Corporation (“Algoma”) (TSX: ALC), a leading provider of marine transportation services, and Nova Marine (“Nova”) a Europe based ship-owning and operating company specialized in the dry-bulk sector, today announced that NovaAlgoma Cement Carriers Limited (“NACC”), has doubled its investment in JT Cement AS (“JT Cement”) by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS. This brings NACC’s ownership in the specialized cement shipping company to 50%, with their partner Eric Thun AB (“Thun”) of Sweden.

Nov 03, 2021 07:00 am ET

Algoma Central Corporation Reports Record Quarterly Results

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three and nine months ended September 30, 2021. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.)

Oct 15, 2021 03:23 pm ET

Algoma Central Corporation to Issue Third Quarter 2021 Financial Results on November 3, 2021

Algoma Central Corporation (TSX:ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and nine months ended September 30, 2021, before market open on Wednesday, November 3, 2021.

Aug 05, 2021 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2021

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three and six months ended June 30, 2021. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.)

Jul 21, 2021 07:00 am ET

Algoma Central Corporation to Issue Second Quarter 2021 Financial Results on August 5, 2021

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and six months ended June 30, 2021, before market open on Thursday, August 5, 2021.

May 31, 2021 07:00 am ET

Algoma Central Corporation Announces Contract to Build a New Equinox Class Self-Unloading Vessel

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, announced today that it has entered into a contract with Yangzijiang Shipyard in Taicang City, China to build a new Seaway-Max self-unloading vessel for its domestic dry-bulk fleet.

May 05, 2021 04:01 pm ET

Algoma Central Corporation Announces Results of 2021 Annual General and Special Meeting of Shareholders

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, held its Annual General and Special Meeting of Shareholders (the “Meeting”) on May 5, 2021. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated February 25, 2021, available online at

May 05, 2021 09:13 am ET

Algoma Central Corporation Reports Operating Results for the 2021 First Quarter

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the quarter ended March 31, 2021. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.)

Apr 09, 2021 07:00 am ET

Algoma Central Corporation Announces 2021 Annual General and Special Meeting of Shareholders to Be Held in a Virtual-Only Format

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that the 2021 Annual General and Special Meeting of Shareholders (the “Meeting”) to take place on Wednesday May 5, 2021 at the hour of 11:30 a.m. (EDT) will be held in a virtual-only format via a live webcast.

Apr 05, 2021 07:00 am ET

Algoma Central Corporation Takes Delivery of the Captain Henry Jackman

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that it has taken delivery of the Captain Henry Jackman, the fifth Equinox Class gearless dry-bulk carrier and the tenth Equinox Class vessel to join the fleet. The ship is expected to begin her voyage to Canada from the Jiangsu Yangzi-Mitsui Shipbuilding Company in China in mid-April. The vessel will cross the Pacific Ocean near the equator, transit through the Panama Canal and from there will make her way to Canada. The vessel is expected to begin trading on

Mar 16, 2021 07:00 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Feb 26, 2021 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Year Ended December 31, 2020

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the year ended December 31, 2020. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.)

Feb 12, 2021 07:00 am ET

Algoma Central Corporation to Issue Fiscal 2020 Financial Results on February 26, 2021

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the year ended December 31, 2020, before market open on Friday, February 26, 2021.

Jan 14, 2021 05:00 pm ET

Algoma Central Corporation Announces 31% Increase in Quarterly Dividend

Dec 14, 2020 05:00 am ET

Algoma Central Corporation Announces Special Dividend of $2.65 Per Share

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a Special Dividend to shareholders of $2.65 per common share.

Dec 10, 2020 05:10 pm ET

Algoma Central Corporation Announces Refinancing of Long-Term Debt

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, today announced that it has completed a refinancing of its senior secured credit facilities that were due to mature during 2021, securing highly favourable terms. Proceeds of the new issue will be used to repay the maturing senior secured notes and revolving bank credit agreement, to finance the Company’s capital expenditure plans, and for general corporate purposes.

Nov 04, 2020 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2020

Oct 21, 2020 07:00 am ET

Algoma Central Corporation to Issue Third Quarter 2020 Financial Results on November 4, 2020

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and nine months ended September 30, 2020, before market open on Wednesday, November 4, 2020.

Oct 13, 2020 07:00 am ET

Algoma Central Corporation Takes Delivery of the Algoma Intrepid

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that it has taken delivery of the Algoma Intrepid, the second Equinox 650’ Class self-unloading dry-bulk carrier, and the ship has begun her voyage to Canada from the 3 Maj Shipyard in Croatia. The vessel, the ninth Equinox Class vessel to join the fleet, will journey across the Atlantic to Canada where she is expected to begin trading on the Great Lakes in November.

Aug 06, 2020 07:30 am ET

Algoma Central Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2020

Jul 23, 2020 07:00 am ET

Algoma Central Corporation to Issue Second Quarter 2020 Financial Results on August 6, 2020

May 07, 2020 09:07 am ET

Algoma Central Corporation Announces Results of 2020 Annual General Meeting of Shareholders

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, held its Annual General Meeting of Shareholders (the “Meeting”) on May 6, 2020. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated March 7, 2020, available online at

May 06, 2020 11:11 am ET

Algoma Central Corporation Reports Operating Results for the Three Months Ended March 31, 2020

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three months ended March 31, 2020.

May 06, 2020 07:00 am ET

Algoma Central Corporation Recommends Attendees Register for the 2020 AGM Webinar

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, would like to remind all shareholders that the 2020 Annual General Meeting of Shareholders (the “Meeting”) will begin today, Wednesday May 6, 2020, at the hour of 11:30 a.m. (EDT).

May 01, 2020 01:34 pm ET

Algoma Central Corporation Announces Update to COVID-19 Precautionary Measures for Its 2020 Annual General Meeting of Shareholders

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, would like to remind all shareholders that the 2020 Annual General Meeting of Shareholders (the “Meeting”) will take place on Wednesday May 6, 2020 at the hour of 11:30 a.m. (EDT).

Apr 30, 2020 10:53 am ET

Algoma Central Corporation to Issue First Quarter Financial Results on May 6, 2020

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the period ended March, 31, 2020 on the morning of Wednesday May 6, 2020.

Apr 27, 2020 07:00 am ET

Algoma Central Corporation Announces Release of Their 2019 Year in Review

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, is pleased to announce that the Company has released its 2019 Year In Review. The document contains items such as the annual President and Chief Executive Officer letter, financial highlights, a strategic outlook for 2020 and sustainability highlights.

Apr 08, 2020 07:00 am ET

Algoma Central Corporation Announces COVID-19 Precautionary Measures for Its 2020 Annual General Meeting of Shareholders

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that the 2020 Annual General Meeting of Shareholders (the “Meeting”) to take place on Wednesday May 6, 2020 at the hour of 11:30 a.m. (EDT) will now be held at the Offices of Algoma Central Corporation at 63 Church Street, St. Catharines, ON L2R 3C4 and will be available via live webinar.

Apr 03, 2020 09:40 am ET

NovaAlgoma Short Sea Carriers Takes Delivery of New Mini-Bulker

NovaAlgoma Short Sea Carriers (“NASC”), a joint venture of Algoma Central Corporation (“Algoma” - TSX: ALC) and Nova Marine Holdings SA (“Nova”), today announced they have taken delivery of the Sider Buffalo, a 6,800 deadweight (“DWT”) mini-bulker from the Ningbo Xinle Shipyard (the “Shipyard”) in China. The Sider Buffalo is the first of six new-build mini-bulkers to be delivered by the Shipyard and is expected to begin service in May, 2020.

Mar 26, 2020 08:00 am ET

Algoma Central Corporation Announces the Company Has Received the United Way Campaign of the Year Award For 2019

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that the United Way Niagara has chosen Algoma as the recipient of the 2019 Campaign of the Year Award.

Mar 24, 2020 08:23 am ET

Algoma Central Corporation Provides Update on the 2020 Navigation Season

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today provided an update on the commencement of the 2020 domestic navigation season

Mar 17, 2020 07:00 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Feb 28, 2020 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Year Ended December 31, 2019

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the year ended December 31, 2019.

Feb 14, 2020 04:14 pm ET

Algoma Central Corporation to Issue Fiscal 2019 Financial Results on February 28, 2020

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the year ended December 31, 2019, before market open on Friday, February 28, 2020.

Jan 16, 2020 12:21 pm ET

Algoma Central Corporation Announces 9% Increase in Quarterly Dividend

Nov 06, 2019 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2019 and a 10% Increase in Quarterly Dividend

Oct 23, 2019 07:00 am ET

Algoma Central Corporation to Issue Third Quarter 2019 Financial Results on November 6, 2019

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the period ended September 30, 2019, before market open on Wednesday, November 6, 2019.

Sep 19, 2019 05:00 pm ET

Algoma Central Corporation Announces Agreement to Acquire Croatian-Built Vessel

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced it has reached an agreement with 3Maj Brodogradiliste d.d. of Croatia (“3Maj” or the “Shipyard”) under which Algoma will acquire a new Equinox Class 650’ self-unloading dry-bulk carrier upon completion of the vessel by the Shipyard.

Aug 08, 2019 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2019

Jul 25, 2019 07:00 am ET

Algoma Central Corporation to Issue Second Quarter 2019 Financial Results on August 8, 2019

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the period ended June 30, 2019, before market open on Thursday, August 8, 2019.

Jun 12, 2019 07:00 am ET

Algoma Increases Its Interest in Ocean Self-Unloader Pool

Algoma Shipping Ltd. (“Algoma” or “the Company”), a subsidiary of Algoma Central Corporation (TSX:ALC), and a leading provider of marine transportation services, today announced that the acquisition of the interest held by Oldendorff Carriers GMBH & Co. (Oldendorff) in the CSL International Pool (the Pool) including the three vessels owned by Oldendorff operating in the Pool has been finalised. As a result of the transaction, Algoma’s interest in the Pool has increased to approximately 40%.

May 06, 2019 07:00 am ET

Algoma Central Corporation Announces Results of Annual General Meeting

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, held its Annual General Meeting of Shareholders (the “Meeting”) on May 3, 2019. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated March 1, 2019, available online at

May 03, 2019 10:32 am ET

IIROC Trade Resumption - ALC

TORONTO, May 3, 2019 /CNW/ - Trading resumes in:

May 03, 2019 10:23 am ET

Algoma Central Corporation Reports Operating Results for the Three Months Ended March 31, 2019 and a Special Dividend

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three months ended March 31, 2019.

May 03, 2019 09:51 am ET

IIROC Trading Halt - ALC

TORONTO, May 3, 2019 /CNW/ - The following issues have been halted by IIROC:

Apr 01, 2019 07:00 am ET

Algoma Central Corporation Announces Delivery of the Product Tanker Algoterra

Algoma Tankers Limited (“ATL”), an operating unit of Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in Amsterdam, Netherlands and the vessel has begun her delivery voyage to Canada.

Mar 15, 2019 07:00 am ET

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Mar 06, 2019 08:34 pm ET

Algoma Central Corporation Reports Operating Results for the Year Ended December 31, 2018

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the year ended December 31, 2018.

Feb 21, 2019 05:00 pm ET

Algoma Central Corporation Announces Purchase of Additional Product Tanker

Algoma Tankers Limited (“ATL”), an operating unit of Algoma Central Corporation (“Algoma” or “the Company”) (TSX:ALC), a leading provider of marine transportation services, today announced the purchase of a 2010-built product tanker that will become the eighth ship in Algoma’s Great Lakes based product tanker fleet. The 16,512 dwt vessel will be re-named the Algoterra as part of its transition to ATL ownership.

Feb 18, 2019 07:00 am ET

Algoma Central Corporation Announces the Algoma Conveyer is Headed for Canada

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the recently completed Algoma Conveyer, the third Seawaymax Equinox Class 740’ self-unloading dry-bulk carrier, has begun its delivery voyage from China to Canada.

Feb 07, 2019 05:01 pm ET

ALGOMA CENTRAL CORPORATION Announces Resignation of Chief Executive Officer and Names New CEO

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that Ken Bloch Soerensen has resigned as President and Chief Executive Officer to spend more time with his family in Europe. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.

Jan 18, 2019 07:00 am ET

Algoma Central Corporation Provides Update on Status of Fleet Renewal

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.

Jan 17, 2019 04:05 pm ET

Algoma Central Corporation Increases Its Interest in Ocean Self-Unloader Pool

Algoma Central Corporation (“Algoma” or “the Company”) (TSX:ALC), a leading provider of marine transportation services, today announced the signing of a definitive agreement to acquire the interest held by Oldendorff Carriers GMBH & Co. (Oldendorff) in the CSL International Pool (the Pool) including the three vessels owned by Oldendorff operating in the Pool. As a result of the transaction, Algoma’s interest in the Pool will increase to approximately 40%.

Dec 24, 2018 07:00 am ET

Algoma Central Corporation Announces the Ratification of Domestic Dry-Bulk Collective Agreements

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that all of the Company’s domestic dry-bulk collective agreements have been ratified and will be in force until 2023. This includes four officer contracts represented by the Canadian Merchant Service Guild (“CMSG”) and unlicensed seafarer collective agreements with the Seafarer’s International Union (“SIU”) and UNIFOR.

Nov 13, 2018 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2018

Nov 09, 2018 07:28 am ET

Algoma Central Corporation Announces Purchase of Product Tanker for Domestic Fleet

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced the purchase of a 2008 built product tanker which will become the seventh tanker within the Algoma Tankers Limited fleet. The purchase demonstrates Algoma’s commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes – St. Lawrence Seaway and East Coast.

Oct 22, 2018 08:33 am ET

Algoma Central Corporation to Issue Third Quarter 2018 Financial Results on November 13, 2018

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its third quarter 2018 financial results for the period ended September 30, 2018, before market open on Tuesday, November 13, 2018.

Oct 12, 2018 09:22 am ET

Algoma Central Corporation Announces Cancellation of Croatian New Build Contracts

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken steps to cancel its remaining four new build construction contracts with a Croatian shipyard (“the Yard”). The cancellation notices have been sent to the shipyard as a result of the Yard’s failure to secure refinancing and Algoma has no assurance that the shipyard will be able to complete the four vessels. The Company will now initiate the process to be reimbursed for contract instalments paid

Sep 26, 2018 09:43 am ET

NovaAlgoma Short Sea Carriers And Peter Döhle Schiffahrts Create Combined Vessel Platforms

NovaAlgoma Short Sea Carriers NASC), a joint venture of Algoma Central Corporation (“Algoma” - TSX: ALC) and Nova Marine Holdings SA, and Peter Döhle Schiffahrts-KG (PDS), today announced the creation of DNA Shipping, a commercial agreement (the Agreement) to pursue consolidation and growth within the multi-purpose project vessel (MPP) and 13,500 to 15,000 mini-grabber dry-bulk markets.

Aug 10, 2018 07:00 am ET

Algoma Central Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2018

Jul 19, 2018 09:35 am ET

Algoma Central Corporation to Issue Second Quarter 2018 Financial Results on August 10, 2018

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its second quarter 2018 financial results for the period ended June 30, 2018, before market open on Friday, August 10, 2018.

Jun 04, 2018 04:05 pm ET

Algoma Central Corporation Announces New NovaAlgoma Cement Carriers Limited Investment

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that NovaAlgoma Cement Carriers Limited (“NACC”), has acquired a 25% ownership interest in JT Cement (“JT Cement”), joining KGJ Cement Holdings AS (“KGJ”) and Erik Thun AB (“Thun”) of Sweden in the cement company which owns a fleet of seven smaller specialized pneumatic cement carriers.

May 07, 2018 04:05 pm ET

Algoma Central Corporation Announces Results of Annual General and Special Meeting of Shareholders

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, held its Annual General and Special Meeting of Shareholders (“the Meeting”) on May 4, 2018. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Proxy Circular dated February 22, 2018, available online at

May 04, 2018 10:20 am ET

IIROC Trade Resumption - ALC

TORONTO, May 4, 2018 /CNW/ - Trading resumes in:

May 04, 2018 10:12 am ET

Algoma Central Corporation Reports Operating Results for the Three Months Ended March 31, 2018

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three months ended March 31, 2018.

May 04, 2018 08:17 am ET

IIROC Trading Halt - ALC; PLC.R

TORONTO, May 4, 2018 /CNW/ - The following issues have been halted by IIROC:

Mar 22, 2018 09:38 am ET

Algoma Central Corporation Enters into Automatic Share Purchase Plan

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that, in connection with its previously announced normal course issuer bid effective January 29, 2018 (the “NCIB”), Algoma has entered into an automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Common Shares under the NCIB at times when Algoma normally would not be active in the market due to applicable regulatory restrictions or internal trading b

Mar 05, 2018 09:05 am ET

IIROC Trade Resumption - Algoma Central Corporation

Toronto, Ontario--(Newsfile Corp. - March 5, 2018) - Trading resumes in:

Mar 05, 2018 08:31 am ET

IIROC Trade Halt - Algoma Central Corporation

Toronto, Ontario--(Newsfile Corp. - March 5, 2018) - The following issues have been halted by IIROC:

Mar 05, 2018 08:23 am ET

Algoma Central Corporation Reports Operating Results for the Year Ended December 31, 2017

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the year ended December 31, 2017.

Mar 05, 2018 08:08 am ET

IIROC Trade Resumption - ALC

TORONTO, March 5, 2018 /CNW/ - Trading resumes in:

Mar 05, 2018 07:25 am ET

IIROC Trading Halt - ALC

TORONTO, March 5, 2018 /CNW/ - The following issues have been halted by IIROC:

Feb 23, 2018 04:05 pm ET

Algoma Central Corporation Announces the Algoma Innovator is Headed for Canada

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the recently completed Algoma Innovator, the first of two new Equinox Class 650’ self-unloading dry-bulk freighters has commenced its voyage from Croatia to Canada. The vessel departed the 3 Maj shipyard in Croatia on February 23, 2018 and is expected to arrive in mid-March carrying a cargo of bauxite.

Feb 05, 2018 09:49 am ET

Algoma Central Corporation Takes Delivery of the Algoma Sault

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken delivery of the Algoma Sault, the second seaway-max Equinox Class self-unloading bulk carrier from Yangzijiang Shipyard (the “Shipyard”) in China. The vessel departed the shipyard on February 3, 2018 and is expected to arrive in late March, resulting in the ship being available for service in the upcoming navigation season.

Jan 24, 2018 08:45 am ET

Algoma Central Corporation Announces Normal Course Issuer Bid

Dec 21, 2017 04:01 pm ET

Algoma Central Corporation Announces Purchase of River-Class Vessels

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced it has reached an agreement with American Steamship Company (“ASC”) to acquire four vessels.

Dec 19, 2017 04:01 pm ET

Algoma Central Corporation Announces Completion of Substantial Issuer Bid

Algoma Central Corporation (“Algoma”) (TSX:ALC), a leading provider of marine transportation services, today announced that it has taken up and paid for 361,418 common shares (the “Shares”) at a price of $14.75 per Share under Algoma’s substantial issuer bid (“SIB”) to purchase for cancellation a number of its shares for an aggregate purchase price not to exceed $20 million.

Dec 18, 2017 08:00 am ET

Algoma Central Corporation Announces Preliminary Results of Substantial Issuer Bid

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC) a leading provider of marine transportation services today announced the preliminary results of its “modified Dutch auction” substantial issuer bid (SIB). Under the SIB, Algoma offered to purchase for cancellation up to $20 million of its common shares (the “Shares”) from Shareholders for cash. The SIB expired at 11:59 p.m. (Toronto time) on December 15, 2017.

Dec 15, 2017 08:55 am ET

Algoma Central Corporation Announces Delivery of the Algoma Innovator

Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia.

Nov 10, 2017 08:00 am ET

Algoma Central Corporation Announces Substantial Issuer Bid

Algoma Central Corporation (“Algoma”) (TSX:ALC) today announced that its Board of Directors has authorized a substantial issuer bid pursuant to which Algoma will offer to purchase for cancellation up to $20,000,000 of its common shares (the “Shares”) from Shareholders for cash. The Offer represents up to 1,454,545 Shares or approximately 3.7% of Algoma’s total issued and outstanding Shares.

Nov 03, 2017 04:01 pm ET

Algoma Central Corporation Announces Operating Results for the 2017 Third Quarter

Algoma Central Corporation (TSX: ALC) (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced its results for the quarter ended September 30, 2017.

Nov 02, 2017 04:33 pm ET

Algoma Central Corporation Announces the Arrival of the Algoma Niagara

Algoma Central Corporation [ALC.TO] (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that the first Equinox Class self-unloader, the seaway-max size Algoma Niagara, arrived at the Canadian port of Sept Iles, Quebec on November 1st.

Oct 27, 2017 05:27 pm ET

Algoma Central Corporation Announces Tentative Agreement with Canadian Merchant Services Guild

Algoma Central Corporation (TSX:ALC) (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that it has reached a tentative agreement with the navigation and engineering officers in the Company’s product tanker fleet, ending a strike that began on October 21st.

Oct 23, 2017 08:45 am ET

Algoma Central Corporation Announces Strike by Canadian Merchant Services Guild

Algoma Central Corporation (TSX : ALC)(“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that the Canadian Merchant Services Guild, which represents navigation and engineering officers on the Company’s domestic product tanker fleet, has launched a strike against the Company.

Jun 27, 2017 09:31 am ET

Algoma Central Corporation Announces Exercise in Full of Over-Allotment Option in Connection with Recent Bought Deal Financing

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Jun 26, 2017 06:43 pm ET

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