Algoma celebrates 100th vessel milestone
(Posted on 07/10/25)
Algoma Central Corporation has taken delivery of the Algoma Legacy, the first of three new methanol-ready Kamsarmax-sized ocean belt self-unloading vessels. With this addition, the Company will have an ownership interest in 100 vessels across its global fleet, a historic milestone that underscores its leadership in long-term growth in diversified short sea shipping markets.
“This is a proud moment on two fronts: the delivery of the Algoma Legacy, the first of three newbuild next generation methanol-ready self-unloading vessels and the achievement of our 100th vessel globally,” said Gregg Ruhl, President & CEO of Ontario based Algoma Central Corporation. “Reaching ownership interest in 100 vessels not only reflects decades of progress, strategic partnerships, and a commitment to sustainable shipping solutions for our customers, but also the dedication and passion of our employees. Seeing our Bear recognized on the global stage is a proud reminder of how far we have come as a Company,” concluded Mr. Ruhl.
A decade ago, the Company operated just under 40 vessels, serving primarily the Great Lakes–St. Lawrence Seaway. Today, Algoma’s dry and liquid bulk fleets have grown by more than 60 vessels, in Canada and globally, marking its transformation into a global operator. Through strategic partnerships and diversification across niche short sea shipping markets and trades, Algoma has built resilience, fueling sustainable growth and ensuring stability.
The Algoma Legacy will join the world’s largest Ocean Self-Unloader Pool, followed by two sister vessels in 2026 and early 2027. These new vessels will replace the three oldest ships in the Pool allowing for redeployment of the vessels being replaced and are expected to be 40% more efficient owing to a combination of fuel efficiency and optimized cargo lift.
Algoma now has seven vessels under construction with deliveries expected between 2025 and 2027.
Latest News
Posidonia 2026 takes centre stage amid global freedom of navigation challenges
(Posted on 29/05/26)From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia... Read more
First maritime compliance & prevention-focused organisation, PaS, joins DBCE
(Posted on 29/05/26)Prevention at Sea (PaS), a leading maritime compliance, auditing, and digital solutions provider, has... Read more
NorthStandard reports strong results and strategic momentum
(Posted on 29/05/26)NorthStandard has reported strong financial results, continued strategic progress and enhanced support... Read more
Latest guidance for vessel transit through Strait of Hormuz
(Posted on 25/05/26)Hundreds of vessels remain unable to transit the Strait of Hormuz and, in the event of a return to more... Read more
The Bahamas regains QUALSHIP 21 eligibility
(Posted on 25/05/26)The Bahamas has regained eligibility for the United States Coast Guard’s QUALSHIP 21 programme... Read more
First dedicated STS standard for dry bulk released by INTERCARGO
(Posted on 22/05/26)Ship to ship (STS) transfers are an established part of dry bulk operations, and they are growing. As... Read more
Columbia reinforces commitment to maritime talent
(Posted on 22/05/26)Columbia Group has strengthened its commitment to developing the next generation of maritime professionals... Read more
Jamaica marks 50 years at IMO with call for island states to shape future
(Posted on 22/05/26)The Maritime Authority of Jamaica has marked Jamaica’s 50th anniversary as a member of the International... Read more
Costamare Bulkers logs first profit after Cargill deal removes most legacy trading
(Posted on 14/05/26)Costamare Bulkers Holdings Limited has reported unaudited financial results for the first quarter ended... Read more
NORDEN strengthens fleet with the addition of four Handysize vessels
(Posted on 13/05/26)NORDEN have announced that they have expanded their fleet with the purchase of four dry cargo Handysize... Read more
