Algoma Central Corporation purchases product tanker for domestic fleet

Algoma Central Corporation, a leading provider of marine transportation services, has announced the purchase of a 2008-built product tanker, which will become the seventh tanker within the Algoma Tankers Limited fleet. The purchase demonstrates Algoma’s commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes/St. Lawrence Seaway and East Coast.

“We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as customer demand continues to strengthen in this segment,” said Ken Soerensen, President and CEO of Algoma.

The 16,958-dwt vessel will be renamed Algonorth, the result of a “Name the Tanker Contest,” in which all employees were able to take part. The ship is en route from Gothenburg, Sweden to Canada. Upon arrival, it is expected to begin operations within the product tanker fleet.

“We have been in the product tanker business for over 20 years,” said Gregg Ruhl, Chief Operating Officer at Algoma. “While it is important that we add this quality asset to our fleet to continue to meet our customers’ needs, the true backbone of Algoma Tankers is our experienced and qualified crews who operate these ships skillfully day and night, 365 days a year.”

Maritime Editorial