Algoma Central Corporation Celebrates 100th Vessel Milestone

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ST. CATHARINES, Ontario--(BUSINESS WIRE)--Sep 26, 2025--

Algoma Central Corporation (“Algoma” or “the Company”) (TSX:ALC), today took 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.

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The Algoma Legacy

“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 100 th vessel globally,” said Gregg Ruhl, President & CEO of 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.

About Algoma

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 www.algonet.com.

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CONTACT: Media ContactsGregg A. Ruhl

Algoma Central Corporation

President & CEO

905-687-7890J. Wesley Newton

Algoma Central Corporation

Executive Vice-President, Strategy & Business Development

905-687-7836

KEYWORD: NORTH AMERICA IRELAND UNITED KINGDOM EUROPE CANADA

INDUSTRY KEYWORD: MARITIME TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Algoma Central Corporation

Copyright Business Wire 2025.

PUB: 09/26/2025 08:26 AM/DISC: 09/26/2025 08:25 AM

http://www.businesswire.com/news/home/20250925723830/en