(TSX : ALC)
ST. CATHARINES, ON,
April 3, 2017 /CNW/ - Algoma
Central Corporation ("Algoma" – www.algonet.com) today
announced that the Algoma Strongfield has completed
preparations and has now begun its delivery voyage to Canada. The ship is expected to enter service
as part of the Algoma Bulker Pool in June.
The Algoma Strongfield will make the journey to
Canada under foreign flag and will
be re-flagged and crewed by Canadian seafarers when she reaches
Canada. The ship will join its
Equinox Class sister ships, the Algoma Equinox, the
Algoma Harvester, along with the G3 Marquis, owned by
G3 Canada Limited and will service the Company's agriculture and
iron ore trades.
"We are looking forward to the Algoma Strongfield's
arrival in Canada this summer,"
said Ken Bloch Soerensen, Algoma
President and CEO. "The completion and delivery of this ship
was delayed by the bankruptcy of the shipyard at which she was
being built; however, liquidation of the shipyard enabled us to
acquire the vessel at an attractive price," Mr. Soerensen
continued.
The Algoma fleet now includes four of the original Equinox Class
series of gearless bulker carriers. Seven additional Equinox Class
vessels, including two 650' self-unloaders and five 740'
self-unloaders are currently under construction. Two of these ships
are scheduled to be delivered in time to enter service during
2017.
About Algoma
Algoma Central Corporation operates the largest Canadian flag
fleet of dry and liquid bulk carriers on the Great Lakes – St.
Lawrence Waterway, including self-unloading dry-bulk carriers,
gearless dry bulk carriers and product tankers. Algoma also has
interests in ocean dry-bulk vessels operating in international
markets and provides ship management services for other ship
owners.
SOURCE Algoma Central Corporation
