The Algoma Central Corporation is the result of a reorganization of the

Algoma Central Railway The Algoma Central Railway is a railway in Northern Ontario, Canada, that operates between Sault Ste. Marie, Ontario, Sault Ste. Marie and Hearst, Ontario, Hearst. It used to have a branch line to Wawa, Ontario, Wawa. The area served by th ...

in 1990. The company claims assets in excess of $400 million and revenue of $280 million. Corporate headquarters is located in

St. Catharines St. Catharines is the most populous city in Canada's Niagara Region, the eighth largest urban area in the province of Ontario. As of 2021, St. Catharines has an area of and 136,803 residents. It lies in Southern Ontario, south of Toronto ac ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

, Canada.

Subsidiaries

The company operates a number of

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

including: * Algoma Central Properties - owning commercial real estate in

Sault Ste. Marie Sault Ste. Marie may refer to: People * Sault Ste. Marie Tribe of Chippewa Indians, a Native American tribe in Michigan Places * Sault Ste. Marie, Ontario, Canada ** Sault Ste. Marie (federal electoral district), a Canadian federal electora ...

, and Waterloo,

* Algoma Ship Repair - repairs ships at its dock on the

Welland Canal The Welland Canal is a ship canal in Ontario, Canada, and part of the St. Lawrence Seaway and Great Lakes Waterway. The canal traverses the Niagara Peninsula between Port Weller, Ontario, Port Weller on Lake Ontario, and Port Colborne on Lak ...

Port Colborne Port Colborne is a city in Ontario, Canada that is located on Lake Erie, at the southern end of the Welland Canal, in the Niagara Region of Southern Ontario. The original settlement, known as Gravelly Bay, dates from 1832 and was renamed after ...

, Ontario * Algoma Tankers - transportation of

petroleum Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring un ...

products through the

Great Lakes The Great Lakes, also called the Great Lakes of North America, are a series of large interconnected freshwater lakes spanning the Canada–United States border. The five lakes are Lake Superior, Superior, Lake Michigan, Michigan, Lake Huron, H ...

* Algoma Central Marine - operates bulk shipping on the Great Lakes (see below) * Formerly

In 1980, the Algoma Central was the original owner (as Algocen Realty Holdings Ltd.) of

Algo Centre Mall The Algo Centre Mall (legally Eastwood Mall since 2005 but almost never referred to as such) was a mall and hotel located near Highway 108 in Elliot Lake, Ontario, Canada. It was the largest commercial complex in the area. When the community was ...

; Algoma Central Company wrote off over $5 million in property value due to 1990's

Elliot Lake Elliot Lake is a city in Algoma District, Ontario, Canada. It is north of Lake Huron, midway between the cities of Greater Sudbury, Sudbury and Sault Ste. Marie, Ontario, Sault Ste. Marie in the Northern Ontario region. Once dubbed the "uranium ca ...

mine closures and subsequently sold the property. The mall, renamed in 2005 by a subsequent owner, collapsed in a June 23, 2012, structural failure and has since been demolished.

Shipping

An Algoma Central Corp. subsidiary, Algoma Central Marine, operates a fleet of self unloaders on the

. In 2000, Upper Lakes Shipping Ltd. and Algoma Central began a partnership to coordinate the transportation of goods along the St. Lawrence Seaway, called Seaway Marine Transport. In 2011 upon the purchase of Upper Lakes Shipping Ltd. and buying out the partnership, the company re-emerged as Algoma Central Marine. Upon completion of the purchase, the entire fleet was then renamed, with the exception of the ''John D. Leitch'', the ship that was named in honour of the company's then owner. Beginning in 2013, the corporation initiated construction of a series of new bulk carriers to be named after the lead ship, . The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact. The company installed Buffalo Automation's "AutoMate" system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation. Algoma also operates several gearless bulk carriers: Algoma operates a fleet of tankers:

References

External links

Algoma Central Corporation
{{Authority control Companies listed on the Toronto Stock Exchange Companies based in St. Catharines Canadian companies established in 1990 Shipping companies of Canada 1990 establishments in Ontario Great Lakes shipping companies