Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid
St. Catharines, Ontario, March 19, 2024 – Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”). Algoma’s Board of Directors believes that […]
Algoma Central Corporation Reports Financial Results for Fiscal 2023
A reliable and diverse fleet contributes to revenue growth and solid financial results for 2023
Algoma Central Corporation Commits to Industry Leadership to Further Address Workplace Harassment
Released in response to the Seafarers’ Union Report on workplace harassment in the marine sector St. Catharines, Ontario (February 5, 2024) — Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, is responding to the Seafarers’ International Union of Canada (“SIU”) report released today on workplace harassment and […]
Algoma Central Corporation continues to grow product tanker business with the acquisition of two additional vessels
St. Catharines, Ontario (January 18, 2024) — Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company has acquired two 2009 built, 16,600 dwt product tankers from Norway’s Knutsen OAS Shipping. “We identified an opportunity to secure high-quality ice-class product tankers suitable for trading […]
Algoma Central Corporation Announces a 6% Increase In Quarterly Dividend
St. Catharines, Ontario (January 15, 2024) — Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend is payable on March 1, 2024 to shareholders of […]
Algoma Central Corporation Named One of Hamilton-Niagara’s Top Employers for the Second Year in a Row
St. Catharines, Ontario November 23, 2023 – Algoma Central Corporation (TSX: ALC) is proud to announce that it has been selected as one of Hamilton-Niagara’s Top Employers for 2024. The Award recognizes Algoma’s dedication to providing an environment where employees can thrive and reach their full potential. This will be the second year in a […]