About the Corporation

Algoma Central Corporation is the largest Canadian flag ship owner on the Great Lakes-St. Lawrence Waterway.

Incorporated as Algoma Central Railway in Sault Ste. Marie, Ontario in 1899, the Corporation’s executive offices are located in St. Catharines, Ontario. The Corporation employs approximately 1,600 people.

With assets of approximately $706 million and revenue of approximately $689 million, the Algoma Central Corporation group includes Algoma Shipping Inc., Algoma Tankers Limited, Algoma Tankers International Inc., Fraser Marine & Industrial, Algoma Central Properties Inc., shares of Marbulk Canada Inc. and Seaway Marine Transport.

Algoma Central Corporation operates vessels throughout the Great Lakes-St. Lawrence Waterway from the Gulf of St. Lawrence, through all five Great Lakes. The Corporation owns 19 Canadian flagged dry-bulk vessels. The operational and commercial activities of the Canadian flag dry-bulk fleet are managed by Seaway Marine Transport, a partnership with an unrelated company. The Corporation also has an interest in one tug and one barge.

The Corporation, through a wholly owned subsidiary, owns and manages the operational and commercial operations of six Canadian flag product tanker vessels. The Corporation also owns an additional foreign flag product tanker through a wholly-owned foreign subsidiary.

The Corporation also owns two ocean-going self-unloaders and three ocean-going geared bulk carriers through a wholly-owned foreign subsidiary and has an interest through a foreign joint venture in an ocean-going fleet of five self-unloaders. The seven ocean-going self-unloader vessels are part of a 29- vessel ocean-going self-unloader commercial arrangement, which is the largest of its type in the world.

The Corporation also provides diversified ship repair, diesel engine repair services and fabrication services to ship-owners and industrial customers throughout the Great Lakes-St. Lawrence Waterway.

The Corporation, through a wholly-owned subsidiary, also owns and manages commercial real estate properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario.