ALGOMA CENTRAL Aktie

 

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ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”). Algoma's Board of Directors believes that the market price of Algoma's common shares (“Shares”), from time to time, may not reflect the inherent value of the Company and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of funds. Any purchases made under the NCIB will be made by Algoma subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems. Pursuant to the notice, during the twelve month period commencing March 23, 2026 and ending March 22, 2027, Algoma may purchase up to 2,028,391 of its Shares, represen...

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Strong momentum continues in 2025 through resilient performance and strategic fleet growth across global and domestic marketsST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the year ended December 31, 2025. Algoma reported revenues of $761,056, compared to revenues of $703,444 in 2024. Net earnings for 2025 were $143,025 compared to $91,638 in 2024. The Company reported 2025 EBITDA of $230,987 compared to $200,494 in 2024. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise. “This year we took delivery of eight vessels and reached a significant milestone in the third quarter with the addition of our 100th vessel to our global fleet,” said Gregg Ruhl, President and CEO of Algoma Central Corporation. “We currently have twelve vessels under construction, six of which are scheduled for delivery in 2026. Internationall...

Positions Company to Deepen Investment in Core U.S. Jones Act Operations, Building on Robust Demand for Reliable, U.S. Jones Act Marine Great Lakes Shipping WILLIAMSVILLE, N.Y., Feb. 27, 2026 /PRNewswire/ -- Mainstay Maritime Inc. ("Mainstay"), a leading marine infrastructure company......

ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) today announced it will report its financial results for the year ended December 31, 2025 before market open on March 5, 2026. The Company's fiscal 2025 earnings release and full financial results will be available on the Company's website and on SEDAR. Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice™. Learn more at algonet.com. Contacts Gregg A. Ruhl President & CEO 905-687-7890 Christopher A.L. Lazarz, CPA, CA Chief Financial Officer 9...

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ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.21 per common share. The dividend is payable on March 2, 2026 to shareholders of record on February 13, 2026. This $0.21 common share dividend represents a 5% increase from the $0.20 per share dividend paid on December 1, 2025. Since 2018, Algoma's quarterly dividend has more than doubled. About Algoma Central Corporation Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity w...

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Milestone 100th vessel, continued fleet growth, new strategic partners, and strong core results define the quarter ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and nine months ended September 30, 2025. Algoma reported third quarter revenues of $228,035, compared to revenues of $204,644 in 2024. EBITDA was $89,739 in the third quarter compared to $75,696 in 2024. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise. “This quarter marked a milestone for Algoma with the delivery of the Algoma Legacy, the first of three next-generation, methanol-ready self-unloading vessels,” said Gregg Ruhl, President and CEO of Algoma Central Corporation. “The Algoma Legacy underscores our commitment to sustainability and operational excellence and is a symbolic marker as our 100th vessel in o...

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A diverse vessel and market portfolio continues to provide resilience amid global uncertainty and evolving customer demandST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and six months ended June 30, 2025. Algoma reported second quarter revenues of $211,715, compared to revenues of $180,968 in 2024. Net earnings for the 2025 second quarter were $32,883 compared to net earnings of $17,464 in 2024. EBITDA was $72,582 in the second quarter compared to $48,406 in 2024. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise. “During the second quarter, four newbuild vessels entered service across our domestic product tanker, domestic dry-bulk, and FureBear fleets,” said Gregg Ruhl, President & CEO of Algoma Central Corporation. “With these additions, we now hold ownership interests in...

ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) today announced it will report its financial results for the three and six months ended June 30, 2025 before market open on August 6, 2025. The Company's 2025 second quarter earnings release and full financial results will be available on the Company's website and on SEDAR. Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice™. Learn more at algonet.com. Contacts Media Contacts:Gregg A. Ruhl President & CEO 905-687-7890 Christopher A.L. Lazar...

LUGANO, Switzerland--(BUSINESS WIRE)--#yourmarinecarrierofchoice--NovaAlgoma Cement Carriers Limited (“NovaAlgoma"), a joint venture between Algoma Central Corporation (“Algoma” - TSX: ALC) and Nova Marine Holdings SA (“Nova”) and the world's leading operator of specialized pneumatic cement carriers, today announced it has entered a definitive agreement with P&O Maritime Logistics (“POML”), a wholly owned subsidiary of DP World, that will see POML acquire a 51% controlling stake in NovaAlgoma's wholly owned cement assets. The transaction excludes NovaAlgoma's joint venture interests in Northern Europe, Indonesia, and Greece. NovaAlgoma will retain a 49% minority interest to be held in a new entity based in Dubai (“NACC"). There will be no changes to the daily operations of the NACC vessels as a result of the transaction and the fleet will continue to be commercially and technically managed by the current teams. NovaAlgoma was established in 2016 and specializes in the global t...

ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders (the “Meeting”) on May 2, 2025. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company's Management Information Circular dated March 7, 2025, available online at www.algonet.com/investor-relations and www.sedarplus.ca. 1. Election of Directors All nominees listed in the Management Information Circular were elected as directors until the next annual general meeting of shareholders with the support of 74.13% of shares voted. Nominee   Outcome   Votes For   Votes Against   Total Mats H. Berglund   Elected   29,963,519   73,453   30,036,972 Richard B. Carty   Elected   29,909,985   126,987   30,036,972 Jens GrØnning   Elected   29,965,350   71,622   30,036,972 E.M. Blake Hutcheson   Elected   29,965,607   71,365   30,036,972 Duncan N.R. Jackman   Elected   29,913,717 ?...

Amid global economic and trade uncertainties, Algoma stays the course with a focus on reliable service, fleet improvements, and a growing vessel portfolio ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three months ended March 31, 2025. Algoma reported revenues of $107,201, compared to revenues of $109,214 in 2024. Net loss for 2025 was $23,280 compared to a net loss of $17,253 for the same period in 2024. Due to the closing of the canal system and the winter weather conditions on the Great Lakes – St. Lawrence Seaway, the majority of the Domestic Dry-Bulk fleet does not operate for most of the first quarter. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise. “Despite global economic uncertainties, Algoma remains steadfast in our commitment to delivering resilient service to our cu...

ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) is pleased to announce that the 2025 Annual General Meeting (the “Meeting”) of Shareholders will be held in person on Friday May 2, 2025 at Vantage Venues, 27th floor, 150 King Street West, Toronto, Ontario M5H 1J9 at 11:30 a.m. (EDT). The Company's Management Information Circular and Notice of Meeting as well as its 2024 Annual Report is available to shareholders in the Investor Relations section of Algoma's website. Meeting materials distributed to shareholders include their control number and instructions on how to vote their shares prior to the Meeting or in person during the day of the Meeting. Whether or not you are able to attend the Meeting in person, registered shareholders and non-registered shareholders are encouraged to vote in advance of the Meeting. Financial results for the three months ended March 31, 2025 will also be released on May 2, 2025 and will be reviewed during the Mee...

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ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”). Algoma's Board of Directors believes that the market price of Algoma's common shares (“Shares”), from time to time, may not reflect the inherent value of the Company and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of funds. Any purchases made under the NCIB will be made by Algoma subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems. Pursuant to the notice, during the twelve month period commencing March 21, 2025 and ending March 20, 2026, Algoma may purchase up to 2,028...