The Ocean Self-Unloader segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth self-unloader. The eight wholly owned vessels are part of the world’s largest pool of ocean-going self-unloaders.
The major commodities carried by ocean-going self-unloaders include crushed aggregates for construction, gypsum for wallboard manufacturing, iron ore for the steel industry, coal for power generation, and salt for winter road safety. Markets are centered in North and South America; however, activities can be worldwide. Service is provided under long-term contracts to leading companies in each sector.
Algoma and The CSL Group, who together form the CSL International Pool, announced a new-build order to construct four new methanol-ready Kamsarmax-based ocean belt self-unloading vessels. These new ships will replace the Pool’s oldest vessels and become the model for its next generation of ocean self-unloaders. Two of the four vessels have been ordered by Algoma with the first delivery scheduled for 2025.