Algoma’s Newest Self-Unloader Sets Sail for Canada

Algoma Conveyor, Algoma Central Corporation’s third Seawaymax Equinox Class 740’ self-unloading dry-bulk carrier, has begun its delivery voyage from China to Canada.

The 38,000 dwt newbuild started its two-month journey home, departing the Yangzijiang shipyard on February 16, 2019.

After taking fuel in the Philippines, the Tuvalu-flagged vessel will cross the Pacific Ocean, traveling through the Panama Canal and from there will make its way to Canada. The vessel is expected to arrive home in early April.

“We are looking forward to the Algoma Conveyor joining our fleet for the 2019 navigation season as market demand and volumes are strong,” Gregg Ruhl, President and CEO of Algoma, commented.

The 24,400 gross ton Algoma Conveyor will be the eighth Equinox Class vessel to join Algoma’s domestic dry-bulk fleet since the first vessel, the Algoma Equinox, arrived in 2013. The company’s Equinox Class fleet now includes four gearless bulkers and four self-unloaders.

The Algoma Conveyor was the first and only Equinox self-unloader partially built for Algoma by the now bankrupt Nangtong Mingde shipyard. Algoma acquired the hull at auction in September, 2017 and it was then taken to the Yangzijiang shipyard for final construction.

Algoma owns and operates the largest 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, which includes a diversified portfolio of dry-bulk fleets operating internationally.

Read more:

Algoma Collects Refund on Four Cancelled Shipbuilding Deals

Algoma to Up Its Stake in CSL Pool, Acquire Oldendorff’s Trio