Algoma Central Corporation News

Algoma Central Corporation (Algoma) has ordered two, methanol-ready, 37,000-DWT, ice-class product tanker vessels to be built to ABS Class. This CAN$127m investment followed an order for two, new, 72,250-DWT, methanol-ready, Kamsarmax-based ocean belt self-unloading vessels that will also be built to ABS Class from Algoma. Algoma’s decarbonisation efforts The new product tankers will be entered on long-term time charters under the Canadian flag, trading primarily from Saint John, New Bru...

Marine pump specialist Svanehøj marks the end of a remarkable 2022 with a significant order of 98 electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear. Swedish Furetank AB and Canadian Algoma Central Corporation have entered into a joint venture agreement to construct eight LNG/LBG-fueled ice class 1A chemical & product tankers (17,999 DTW) to trade in Northern Europe. The joint-venture company, FureBear, is...