(TSX : ALC)
ST. CATHARINES, ON, Jan. 16, 2014 /CNW/ - Algoma Central Corporation
("Algoma" - www.algonet.com) is pleased to announce that it has entered into an agreement with
Sterling Fuels Limited to continue marine fuel delivery services using
its bunkering vessel, Algoma Dartmouth, in the Port of Halifax and surrounding area. This new arrangement will
be effective upon the expiry of current agreements for fuel delivery
services on January 18, 2014.
Algoma brought the Algoma Dartmouth to Halifax harbour in 2009 to provide marine delivery services within
the Harbour for marine fuels produced at the Dartmouth Refinery. With
the closure of this refinery in September, 2013, the existing source of
supply for marine bunker and intermediate marine fuel blends ended.
"We are extremely pleased that Sterling Fuels, the premier marine fuel
supplier on the Great Lakes, has agreed to expand their marine fuelling
operations to the Port of Halifax to fill this void," said Wayne Smith,
Senior Vice-President, Commercial at Algoma. He added, "Sterling is a
major supplier to Algoma in the Great Lakes. We know them very well
and have confidence in their experience, capabilities and commitment."
Marine fuel customers will continue to see the same Algoma team on the Algoma Dartmouth. "This vessel and crew have a distinguished track record in their
performance and service since 2009. We are very pleased to keep this
team together to continue to meet the Halifax area marine fuelling
requirements," said Mr. Smith.
About Algoma Central Corporation
Algoma Central Corporation owns and operates the largest Canadian flag
fleet of dry and liquid bulk carriers operating on the Great Lakes -
St. Lawrence Waterway, including 18 self-unloading dry-bulk carriers,
six gearless dry bulk carriers and seven product tankers. Algoma also
has interests in ocean dry-bulk and product tanker vessels operating in
international markets. Algoma owns a diversified ship repair and steel
fabricating facility active in the Great Lakes and St. Lawrence regions
of Canada. In addition, Algoma owns and manages commercial real estate
properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario.
SOURCE: Algoma Central Corporation
For further information:
Greg D. Wight, FCA
President and Chief Executive Officer
Senior Vice-President, Commercial