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Algoma Central Corporation announces purchase of product tanker for domestic fleet


2018-11-10
McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

 

Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, announced on November 9th the purchase of a 2008 built product tanker which will become the seventh tanker within the Algoma Tankers Limited fleet. The purchase demonstrates Algoma's commitment to continuing to safely and efficiently ship petroleum products on the Great Lakes - St. Lawrence Seaway and East Coast.

"We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as customer demand continues to strengthen in this segment," said Ken Soerensen, President and CEO of Algoma.

The 16,958 dwt. vessel will be re-named the Algonorth, after the Company held a "Name the Tanker Contest," in which all employees were able to take part. The ship is scheduled to depart

Gothenburg, Sweden on November 12, 2018, and head for Canada, at which time the vessel is expected to begin operations within the product tanker fleet.
"We have been in the product tanker business for over 20 years," said Gregg Ruhl, Chief Operating Officer at Algoma. "While it is important that we add this quality asset to our fleet to continue to meet our customers' needs, the true backbone of Algoma Tankers is our experienced and qualified crews who operate these ships skillfully day and night, 365 days a year," Mr. Ruhl added.

 
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