Al­goma pur­chases prod­uct tanker for do­mes­tic fleet

Stockwatch Daily - - INDUSTRIALS & MATERIALS - Mr. Ken So­erensen re­ports

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

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