Algoma Central Corporation owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers.Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets. Algoma has expanded into global short sea markets through it 50% interests in NovaAlgoma Cement Carriers (“NACC”) and NovaAlgoma Short Sea Carriers (“NASC”).
The Domestic Dry-Bulk marine transportation segment includes ownership and management of the operational and commercial activities of the Company’s fleet. The dry-bulk vessels carry cargoes of raw materials such as iron ore, grain, salt and aggregates and operate throughout the Great Lakes – St. Lawrence Waterway. Seven new vessels have been added to the Company’s fleet as part of its Equinox Class domestic dry-bulk fleet renewal program. Algoma has additional new builds in the pipeline.
The Product Tankers marine transportation segment includes ownership and management of the operational and commercial activities of six Canadian flag tanker vessels operating on the Great Lakes, the St. Lawrence Seaway and the east coast of North America.
The Ocean Self- Unloaders segment includes ownership of five ocean-going self-unloading vessels, a 50% interest in a sixth self-unloader and a 25% interest in a specialized ocean vessel. These vessels are engaged in the carriage of dry-bulk commodities in worldwide trades.
The Global Short Sea Shipping segment focuses on niche markets featuring specialized equipment or services. The NACC fleet comprises pneumatic cement carriers servicing large global manufacturers that support infrastructure investment; the fleet is now the second largest in the world. NASC manages a short sea mini bulker fleet that comprises owned ships, chartered vessels, and vessels under third party management contracts. The NASC fleet moves approximately 15 million tonnes annually in support of the agricultural, cement, construction, energy and steel industries worldwide.