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| • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • OCEAN SHIPPING The Corporation’s interest in Ocean Shipping consists of a joint interest in five ocean self-unloaders, two wholly owned ocean self-unloading vessels and three wholly owned ocean bulk carriers. The seven ocean self-unloaders are combined with twenty other vessels in the international ocean selfunloader fleet. This fleet remains the largest of its kind providing ocean going self-unloader transportation services. The three major commodities carried by ocean self-unloaders include coal for power generation, crushed aggregates for construction and gypsum for wallboard manufacturing. Ocean self-unloaders also provide transportation services for steel industry and for salt shippers. Markets are centered in North and South America; however, activities can be worldwide. Service is provided under longterm contracts to leading companies in each sector. Vessel management and maintenance of the Honourable Henry Jackman, Bahama Spirit and Weser Stahl is outsourced to Bernhard Schulte Shipmanagement and the other four self-unloaders are managed by V-Ships. The three ocean bulkers are managed by Wallem Shipmanagement. All three are worldclass ship management companies. Technical experts employed by the Corporation’s subsidiaries and its partners maintain oversight responsibilities for the ocean shipping fleet. The Corporation and its ship managers continue to focus on productivity, operational excellence, safety, security and environmental protection. |
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OCEAN SHIPPING
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| OCEAN FLEET ALGOMA SHIPPING INC Self-Unloaders: BAHAMA SPIRIT HONOURABLE HENRY JACKMAN Geared Bulkers: ALGOMA DISCOVERY ALGOMA GUARDIAN ALGOMA SPIRIT MARBULK CANADA INC Self-Unloaders: AMBASSADOR EASTERN POWER NELVANA PIONEER WESER STAHL |
