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
Pacific Basin announces acquisition of four Handysize newbuildings
(Posted on 06/01/26)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has entered... Read more
AtoB@C Shipping takes delivery of Fleximar
(Posted on 23/12/25)AtoB@C Shipping, a subsidiary of ESL Shipping, has announced the successful delivery of Fleximar, the... Read more
Western Bulk re-enters ship ownership with selected partners
(Posted on 18/12/25)Western Bulk, together with reputable Norwegian partners A/S J. Ludwig Mowinckels Rederi, Premium Maritime... Read more
Pacific Basin announces formation of a Sustainable Energy Solutions team
(Posted on 18/12/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more
Columbia expects significant growth as more owners shift operations to the UAE
(Posted on 09/12/25)Columbia Group anticipates a period of strong expansion as an increasing number of international shipowners... Read more
Norse Ship Management emerges as digital leader among new-generation ship managers
(Posted on 09/12/25)Norse?Ship Management has expanded its use of Smart Ship Hub’s high frequency sensor data and... Read more
Maritime health experts welcome STCW amendments, but urge against checkbox compliance
(Posted on 09/12/25)As the maritime industry gears up to welcome the IMO’s STCW bullying and harassment training amendments... Read more
NORDEN acquires Southern African cargo activities of Taylor Maritime
(Posted on 02/12/25)NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated... Read more
IMO delay could spark fragmentation risks, warns EmissionLink
(Posted on 02/12/25)Philippos Ioulianou, Managing Director of EmissionLink, has warned the IMO’s decision to delay... Read more
VIKAND highlights bullying and harassment as major mental health concern
(Posted on 02/12/25)VIKAND has highlighted the need for cultural change in the maritime sector as reports of bullying, harassment... Read more
