Algoma Central Corporation (Algoma Central) is a marine transportation company, that owns and operates a fleet of liquid and dry bulk carriers. The company operates domestic dry-bulk carriers, domestic product tankers, global short sea shipping services and ocean self-unloaders. It also provides ship management services for other ship owners and owns a ship repair and steel fabricating facility at the Great Lakes and St. Lawrence regions of Canada. The company’s vessels carry bulk cargoes of raw materials which include grain, iron ore, cement, salt, aggregates, gypsum, and petroleum products. The company offers its services in Bermuda, the US and Barbados. Algoma Central is headquartered in St. Catharines, Ontario, Canada.
Headquarters
Canada
Address
63 Church St Suite 600, St. Catharines, Ontario, L2R3C4
Website
www.algonet.com
Telephone
1 905 6877888
No of Employees
1,600
Industry
Transport and Logistics
Ticker Symbol & Exchange
ALC (TSE)
Revenue (2022)
$520.9M
13.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
46%
(2022 vs 2021)
Market Cap*
$442.3M
Net Profit Margin (2022)
XYZ
29.0%
(2022 vs 2021)
* As of and is in US$
Algoma Central Corporation premium industry data and analytics
Products and Services
| Services |
|---|
| Marine Transportation Services |
| Ship Repair |
| Steel Fabrication Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Asset Purchase | In December, the company acquired two 18,894 dwt product tankers. |
| 2022 | Contracts/Agreements | In August, the company signed a joint venture agreement with Furetank to create a new entity, FureBear. |
| 2022 | Contracts/Agreements | In August, the company and Furetank entered into a joint venture agreement to construct four climate friendly dual-fuel product tankers to trade in Northern Europe. |
Competitor Comparison
| Key Parameters | Algoma Central Corporation | Logistec Corp | Cascade Carriers L.P. | Fednav Ltd | Logistec Stevedoring Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | St. Catharines | Montreal | - | Montreal | Montreal |
| State/Province | Ontario | Quebec | - | Quebec | Quebec |
| No. of Employees | 1,600 | 3,426 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Duncan N R Jackman | Chairman | Executive Board | 2010 | - |
| Gregg Ruhl | President; Chief Executive Officer | Senior Management | 2019 | - |
| Peter D Winkley | Chief Financial Officer; Executive Vice President | Senior Management | 2010 | - |
| Jeffrey M. DeRosario | Vice President - Commercial | Senior Management | 2018 | - |
| Mario Battista | Vice President - Finance and Process Innovation | Senior Management | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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