TSX:ALC

Algoma Central Corporation Reports Financial Performance for the 2023 Third Quarter

Retrieved on: 
Friday, November 3, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, St. Lawrence Seaway, International Accounting Standards Committee, International, Coal, Conversation, Pressure, Legislation, MD, SEDAR, Algoma Central, EBITDA, Carbon, GAAP, International Financial Reporting Standards, Nature, Mercator (company), Grain, Risk, Indian stock exchange, IASB, Analysis, Depreciation, Domestic, Management, International Accounting Standards Board, TSX, Oil, Cryptocurrency, Great Lakes St. Lawrence Seaway Development Corporation

The full impact of the closure is unknown as we are in the process of assessing the repercussions of the delays.

Key Points: 
  • The full impact of the closure is unknown as we are in the process of assessing the repercussions of the delays.
  • The dividend will be paid on December 1, 2023 to shareholders of record on November 17, 2023.
  • The Company uses several financial measures to assess its performance including earnings before interest, income taxes, depreciation, and amortization (EBITDA), free cash flow, return on equity, and adjusted performance measures.
  • From Management’s perspective, these non-GAAP measures are useful measures of performance as they provide readers with a better understanding of how management assesses performance.

Algoma Central Corporation to Hold 2023 Annual General Meeting on May 3, 2023

Retrieved on: 
Wednesday, April 19, 2023
Maritime, Transport, Logistics, Supply Chain Management, Canada, Algoma Central, Communication, Shareholder, AGM, Multimedia, EDT, Annual report, Financial result, SEDAR, Webcast, TSX, Annual general meeting

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2023 Annual General Meeting (“Meeting”) of Shareholders will be held in person on Wednesday May 3, 2023 at Canada Games Park, 2021 Canada Games Way, Thorold, ON L2V 4Y6 at 11:30 a.m. (EDT) and broadcast via live webcast at www.virtualshareholdermeeting.com/ALC2023 for those unable to attend the in person meeting.

Key Points: 
  • Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2023 Annual General Meeting (“Meeting”) of Shareholders will be held in person on Wednesday May 3, 2023 at Canada Games Park, 2021 Canada Games Way, Thorold, ON L2V 4Y6 at 11:30 a.m. (EDT) and broadcast via live webcast at www.virtualshareholdermeeting.com/ALC2023 for those unable to attend the in person meeting.
  • View the full release here: https://www.businesswire.com/news/home/20230419005641/en/
    Algoma Central Corporation to hold 2023 AGM on May 3, 2023 (Graphic: Business Wire)
    Our Board of Directors considers the appropriate format for our annual meeting of shareholders on an annual basis.
  • The Company's Management Information Circular and Notice of Meeting as well as its 2022 Annual Report is available to shareholders in the Investor Relations section of Algoma's website.
  • Financial results for the three months ended March 31, 2023 will also be released on May 3, 2023 and will be reviewed during the Meeting.

Algoma Central Corporation and Furetank Double Investment in Product Tankers

Retrieved on: 
Thursday, November 10, 2022
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, International Maritime Organization, Carbon, Fuel, Shipyard, DWT, CO2, ALC, Environment, IMO, Multimedia, Lake, Giant, News, Company, Climate, Algoma Central, Great Lakes, CEO, TSX, Revolution, Vinga, Fuel oil

Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (Furetank) of Sweden, bringing the total investment to eight vessels.

Key Points: 
  • Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (Furetank) of Sweden, bringing the total investment to eight vessels.
  • View the full release here: https://www.businesswire.com/news/home/20221109006066/en/
    Algoma Central Corporation and Furetank double investment in climate-friendly dual-fuel product tankers.
  • The expansion of our FureBear investment with Algoma is exciting news, said Lars Hglund, CEO of Furetank.
  • Furetank operates nine owned vessels and is a founding member of the Gothia Tanker Alliance; a market platform for small and intermediate product tankers, operating 40 vessels in European waters.

Algoma Central Corporation Releases 2020/2021 Sustainability Report

Retrieved on: 
Wednesday, June 29, 2022
Maritime, Transport, Logistics, Supply Chain Management, Environment, GHG, CEO, Sustainability accounting, Carbon, TSX, COVID-19, Sustainability, Gold, Company, Corporation, History, Domestic, GRI, Great Lakes, Safety, United Way, Lake, Global, Algoma Central, Corporate sustainability, Lithium, Renewable energy

Algoma Central Corporation (TSX: ALC) released its 2020/2021 Corporate Sustainability Report that details the Companys sustainability priorities, actions and progress across the three pillars of people, planet and prosperity.

Key Points: 
  • Algoma Central Corporation (TSX: ALC) released its 2020/2021 Corporate Sustainability Report that details the Companys sustainability priorities, actions and progress across the three pillars of people, planet and prosperity.
  • Reflecting on our progress over the last two years brings me immense pride, said Gregg Ruhl, President and CEO of Algoma Central Corporation.
  • Algoma has published a report on its sustainability performance bi-annually since 2011, with the last report covering the 2018/2019 reporting years.
  • The contents of the report were guided by the Global Reporting Initiative (GRI) Sustainability Reporting Standards and Sustainability Accounting Standards Board (SASB).

Algoma Central Corporation to Hold 2022 Annual General Meeting of Shareholders Virtually on May 4, 2022

Retrieved on: 
Wednesday, April 20, 2022
Other Transport, Supply Chain Management, Maritime, Retail, Transport, Lake, Board, Carbon, Investor relations, Algoma Central, COVID-19, Annual report, Financial result, Technology, Company, EDT, Communication, Webcast, Director, TSX, Public health, SEDAR, Great Lakes

Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2022 annual general meeting of shareholders will be held virtually via a live webcast available at www.virtualshareholdermeeting.com/ALC2022 on Wednesday May 4, 2022 at the hour of 11:30 a.m. (EDT).

Key Points: 
  • Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) is pleased to announce that the 2022 annual general meeting of shareholders will be held virtually via a live webcast available at www.virtualshareholdermeeting.com/ALC2022 on Wednesday May 4, 2022 at the hour of 11:30 a.m. (EDT).
  • Our Board of Directors considers the appropriate format for our annual meeting of shareholders on an annual basis.
  • This virtual format allows registered shareholders and duly appointed proxyholders to submit questions and comments and to vote during the meeting.
  • We believe the benefits of a virtual meeting allow our shareholders to have robust engagement with the Company, and is in the best interests of our shareholders.