Algoma Central


The Algoma Central Corporation is the result of a reorganization of the Algoma Central Railway in 1990. The company claims assets in excess of $400 million and revenue of $280 million. Corporate headquarters is located in St. Catharines, Ontario, Canada.

Subsidiaries

The company operates a number of subsidiaries including:
In 1980, the Algoma Central was the original owner of Algo Centre Mall; Algoma Central Company wrote off over $5 million in property value due to 1990's Elliot Lake mine closures and subsequently sold the property. The mall, renamed in 2005 by a subsequent owner, collapsed in a June 23, 2012 structural failure and has since been demolished.

Shipping

An Algoma Central Corp. subsidiary, Algoma Central Marine, operates a fleet of self unloaders on the Great Lakes.
Beginning in 2013, the corporation initiated construction of a series of new bulk carriers to be named after the lead ship,. The redesigned fleet incorporated engineering and technology improvements to reduce fuel consumption, create a safer workplace, and reduce emissions and other environmental impact. The company installed Buffalo Automation's AutoMate system of sensors, cameras, and software on select Equinox series vessels, to evaluate autonomous navigation.
Algoma also owns several gearless bulk carriers:
Algoma operates a fleet of tankers: