Algoma Central in four product tanker JV with Furetank

St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) and Donsö, Sweden, based Furetank have entered into a joint venture (JV) agreement to construct four dual-fuel ice class 1A 17,999 DWT climate friendly product tankers. The two companies will own 50% each of the joint venture, which is to be named FureBear.

The four product tankers have been designed by Furetank in collaboration with FKAB Marine Design and several onboard system suppliers, with energy efficiency at the...

Algoma Central takes delivery of first “Equinox 3.0”

St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX:ALC) reports that it has taken delivery of the Captain Henry Jackman, its fifth Equinox Class gearless dry-bulk carrier and the tenth Equinox Class vessel. The ship is set to begin its voyage to Canada from the Jiangsu Yangzi-Mitsui Shipbuilding Company in China in mid-April and is expected to begin trading on the Great Lakes in late June.

Algoma Central says the Captain Henry Jackman is the most efficient vessel in its...

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