Algoma purchases product tanker for domestic fleet
ALGOMA CENTRAL Corp. has purchased a 2008-built product tanker, which will become the seventh tanker within the Algoma Tankers Ltd. fleet. The purchase demonstrates Algoma Central’s commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes-St. Lawrence Seaway and East Coast.
“We are extremely pleased to add a vessel to our Algoma Tankers Ltd. fleet, as customer demand continues to strengthen in this segment,” commented Ken Soerensen, president and chief executive officer of Algoma Central.
The 16,958 dwt (deadweight tonnage) vessel will be renamed the Algonorth, after the company held a “name the tanker” contest, in which all employees were able to take part. The ship is scheduled to depart Gothenburg, Sweden, on Nov. 12, 2018, and head for Canada, at which time the vessel is expected to begin operations within the product tanker fleet.
“We have been in the product tanker business for over 20 years,” commented Gregg Ruhl, chief operating officer at Algoma Central. “While it is important that we add this quality asset to our fleet to continue to meet our customers’ needs, the true backbone of Algoma Tankers is our experienced and qualified crews who operate these ships skillfully day and night, 365 days a year.”
About Algoma Central Corp.
Algoma Central is a publicly traded company that operates the largest fleet of dry-bulk and liquid bulk carriers on the Great Lakes/St. Lawrence Waterway, including self-unloading dry bulk carriers, gearless dry bulk carriers and product tankers.
Richard Brydone Carty, Paul Gurtler, Edward McVicar Blake Hutcheson, Duncan Newton Rowell Jackman, Mark Roderick McQueen, Clive P Rowe, Harold Stewart Stephen, Eric Arthur Stevenson
(ALC) Shares: 38,460,615