(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