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Tagged in GOM
Algoma Central Corporation continues to grow product tanker business with the acquisition of two additional vessels
Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, announced on Thursday (Jan18) that the Company has acquired two 2009 built, 16,600 dwt product tankers from Norway’s Knutsen OAS Shipping. “We …
Jan 19, 2024 / Curious
Furetank and Algoma’s first dual-fuel Vinga-class ship hits the water
Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have welcomed the launching of the first vessel intended for their joint venture FureBear. The vessel, named Fure Vanguard, is the ninth sister ship in …
Oct 31, 2023 / Vessels
Furetank and Algoma Central Corporation co-order two additional newbuilds
Furetank and Algoma Central Corporation expand the FureBear joint venture with two additional vessel orders, bringing the total newbuild order to ten intermediate product tankers to trade in Northern Europe. The two companies continue to position …
Sep 14, 2023 / Curious
Four New Methanol-Ready Vessels to be Built to ABS Class for Algoma
Algoma Central Corporation (Algoma) has ordered two, methanol-ready, 37,000-DWT, ice-class product tanker vessels to be built to ABS Class. This CAN$127m investment followed an order for two, new, 72,250-DWT, methanol-ready, Kamsarmax-based ocean …
Jul 26, 2023 / Curious
Algoma Central Corporation fuels domestic product tanker business with $127-million newbuild investment in partnership with Irving Oil
Algoma Central Corporation (Algoma) (TSX: ALC), announced on Monday (Jun19) it has placed an order with Hyundai Mipo Shipyard in South Korea to build two 37,000 DWT ice class product tanker vessels for a total investment of $127 million CAD. These …
Jun 20, 2023 / Curious
Furetank and Algoma Central Corporation extend joint venture through tanker acquisition with Larsson Shipping
The Furetank/Algoma joint venture FureBear, together with Larsson Shipping, takes over the ownership of Algoma’s product tanker Algonorth. It has arrived from Canada to trade in Northern Europe under the new name Fure Skagen. "We are strengthening …
Feb 20, 2023 / Vessels
Algoma Central Corporation and The CSL Group Order a New Generation of Kamsarmax-Based Ocean Belt Self-Unloading Ships
Algoma Central Corporation (Algoma) (TSX: ALC) and The CSL Group (CSL), who together form the CSL International Pool (“the Pool”), today announced a newbuild order with Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd. (YAMIC), to construct four new …
Feb 17, 2023 / Curious
Algoma Central Corporation Announces Acquisition of Two Product Tankers
The investment strengthens Algoma’s commitment to long-term sustainable shipping solutions Algoma Central Corporation (Algoma) (TSX: ALC), on Thursday (Dec 22), announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product …
Dec 23, 2022 / Vessels
Algoma Central Corporation and Furetank Double Investment in Product Tankers
Algoma and Furetank expand FureBear joint venture to construct four additional climate-friendly dual-fuel product tankers to trade in Northern Europe Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the …
Nov 10, 2022 / Curious
Algoma Central Corporation and Furetank Establish Product Tanker Joint Venture With Sustainability Focus
Algoma and Furetank enter into joint venture agreement to construct four climate friendly dual-fuel product tankers to trade in Northern Europe Algoma Central Corporation (TSX: ALC) on Tuesday (Aug16) announced that it has entered into a joint …
Aug 16, 2022 / Vessels