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 international 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. The Company has added five new vessels into operations as part of its Equinox Class domestic dry-bulk fleet renewal program and has taken ownership of one more vessel that will join the fleet in March, 2018. Algoma has several 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 Dry-Bulk Shipping marine transportation 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 vessel. The ocean 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. NACC owns and operates a fleet of eleven pneumatic cement carriers servicing global manufacturers in support of infrastructure investment. NACC currently has two new cement carriers under development. NASC manages a short-sea mini bulker fleet comprising an average of 60 vessels, including ownership interests in 15 of these ships. The NASC fleet supports the agricultural, cement, construction, energy and steel industries.