Algoma Buys Product Tanker for Domestic Fleet
- Business & Finance
Canadian shipping company Algoma Central Corporation has purchased a 2008-built product tanker which will become the seventh vessel within the Algoma Tankers Limited fleet.
As informed, the ship is scheduled to depart Gothenburg today and head for Canada, at which time the vessel is expected to begin operations within the company’s product tanker fleet.
— Algoma Central (@AlgomaCentral) November 9, 2018
“We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as customer demand continues to strengthen in this segment,” Ken Soerensen, President and CEO of Algoma, said.
The 16,958 dwt vessel will be re-named the Algonorth after the company held a Name the Tanker Contest in which all employees took part.
Algoma Tankers’ fleet ships petroleum products on the Great Lakes – St. Lawrence Seaway and East Coast.
Algoma Central Corporation operates a fleet of dry and liquid bulk carriers, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which includes a diversified portfolio of dry-bulk fleets operating internationally.