Webcast - Q4 Earnings Announcement
Date & Time: Monday, February 25, 2013 - 11:00 AM ET
Algoma Central Corporation
Algoma Central Corporation owns Canada’s largest fleet of vessels operating on the Great Lakes - St. Lawrence Waterway. This fleet consists of self-unloading and gearless bulk carriers as well as product tankers. The Corporation has interests in ocean dry-bulk and product tanker vessels operating in international markets. The Corporation owns a diversified ship repair and steel fabrication facility active in the Great Lakes and St. Lawrence regions of Canada. In addition, the Corporation owns and manages commercial real estate properties in Ontario.
The Corporation’s origins trace back to its creation as a railway in Sault Ste. Marie, Ontario in 1899. The Corporation’s executive offices are located in St. Catharines, Ontario. The Corporation employs approximately 2,100 people worldwide. The Corporation has assets of $874 million at December 31, 2011 and revenues for 2011 of $583 million.
The Domestic Dry-Bulk marine transportation segment includes ownership and management of the Corporation’s 28 – vessel domestic dry-bulk fleet. The dry-bulk vessels carry cargoes of raw materials such as coal, grain, iron ore, salt and aggregates and operate throughout the Great Lakes – St. Lawrence Waterway, from the Gulf of St. Lawrence through all five Great Lakes. This segment also includes a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada.
The Product Tankers marine transportation segment includes ownership and management of seven Canadian flag tanker vessels operating on the Great Lakes, the St. Lawrence Seaway and the east coast of North America. It also includes the ownership of one product tanker engaged in worldwide trades.
The Ocean Shipping marine transportation segment includes direct ownership of two ocean-going self-unloading vessels and a 50% interest through a joint venture in an ocean-going fleet of five selfunloaders. The ocean vessels are engaged in the carriage of dry-bulk commodities in worldwide ocean trades.
The real estate segment owns and manages commercial real estate in Sault Ste. Marie, Waterloo and St. Catharines.