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Algoma Central Corporation (T:ALC)

Business Focus: Inland Water Freight

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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 10:23 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 06:32 am ET
IIROC Trade Resumption - ALC
TORONTO, May 3, 2019 /CNW/ - Trading resumes in:
May 03, 2019 05:51 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
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”).
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
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, 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
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, 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 10:12 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 06:20 am ET
IIROC Trade Resumption - ALC
TORONTO, May 4, 2018 /CNW/ - Trading resumes in:
May 04, 2018 04:17 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 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 04:05 am ET
IIROC Trade Resumption - Algoma Central Corporation
Toronto, Ontario--(Newsfile Corp. - March 5, 2018) - Trading resumes in:
Mar 05, 2018 03:31 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 03:08 am ET
IIROC Trade Resumption - ALC
TORONTO, March 5, 2018 /CNW/ - Trading resumes in:
Mar 05, 2018 02:25 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
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 a normal course issuer bid (the “NCIB”).
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 05:31 am ET
Algoma Central Corporation Announces Exercise in Full of Over-Allotment Option in Connection with Recent Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Jun 21, 2017 05:45 am ET
IIROC Trade Resumption - ALC.DB.A
TORONTO, June 21, 2017 /CNW/ - Trading resumes in:
Jun 21, 2017 05:28 am ET
Algoma Central Corporation Announces Closing of Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Jun 21, 2017 05:19 am ET
IIROC Trading Halt - ALC.DB.A
TORONTO, June 21, 2017 /CNW/ - The following issues have been halted by IIROC:
Jun 02, 2017 04:51 am ET
IIROC Trade Resumption - ALC; CJ
TORONTO, June 2, 2017 /CNW/ - Trading resumes in:
Jun 01, 2017 12:25 pm ET
IIROC Trading Halt - ALC
TORONTO, June 1, 2017 /CNW/ - The following issues have been halted by IIROC:
Jun 01, 2017 11:15 am ET
Algoma Central Corporation Announces $75 million Public Offering of 5.25% Convertible Unsecured Subordinated Debentures
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Algoma Central Corporation ("Algoma") (TSX:ALC) announced today that it has entered into an agreement to sell, on a bought deal basis to a syndicate...