Algoma Tankers Accepts Delivery of Product Tanker

Algoma Tankers Limited (ATL), an operating unit of Canadian shipping company Algoma Central Corporation, has taken delivery of Algoterra, a 2010-built product tanker.

Illustration; Image Courtesy: Algoma

The 16,500 dwt vessel was handed over to Algoma by an unnamed seller in Amsterdam, the Netherlands.

Algoterra has begun its delivery voyage to Canada after departing Amsterdam on March 30, 2019. The ship will travel through the English Channel before crossing the Atlantic Ocean destined for Halifax.

As informed by the company, the tanker is expected to begin trading in Canada mid-April.

“I am pleased to say that our fleet is fully booked for the season,” Gregg Ruhl, President and CEO at Algoma, said.

“The Algoterra is the second product tanker acquired by ATL in the last four months after the Algonorth joined the fleet in early December. We are looking forward to bringing the Algoterra home and to having the Algonorth operate for her first full season with Algoma,” Ruhl added.

In addition to Algoterra, Algoma Conveyor, Algoma’s newest Seawaymax self-unloader, is currently in the final days of the trans-Pacific leg of its homeward journey and will reach Balboa, Panama this week, where the ship will undertake her Panama Canal transit and make its way to Canada.

Algoma Conveyor will be joining its seven Equinox Class sister ships in operation for the 2019 navigation season.

Algoma Central Corp. has a fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma.