Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
Tagged in Algoma Central Corporation
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
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 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
Algoma Central Corporation and Nova Marine Increase Investment in NovaAlgoma Joint Venture With Five Vessel Acquisitions
Algoma Central Corporation (TSX: ALC) and Nova Marine today announced an increased investment in their global short sea shipping joint ventures, NovaAlgoma, by acquiring three cement carriers from KGJ Cement in Northern Europe and two handy-size bulk …
Mar 10, 2022 / Vessels
NovaAlgoma Cement Carriers Limited increases investment in Northern Europe
Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, and Nova Marine (Nova) a Europe based ship-owning and operating company specialized in the dry-bulk sector, today announced that NovaAlgoma Cement …
Dec 20, 2021 / Curious
Algoma Central Corporation chooses FuelOpt to enhance the vessel efficiency of 8 more bulk carriers
Successful performance of Yara Marine’s FuelOpt propulsion optimization technology on one of their bulk carriers prompts Algoma Central Corporation to equip the balance of their Equinox class bulk carriers with FuelOpt systems for overall fleet …
Nov 11, 2021 / Vessels
Algoma Central Corporation Announces Contract to Build a New Equinox Class Self-Unloading Vessel
Algoma Central Corporation (Algoma) (TSX:ALC), a leading supplier of marine transportation services, announced on Monday (May31) that it has entered into a contract with Yangzijiang Shipyard in Taicang City, China to build a new Seaway-Max …
May 31, 2021 / Vessels