Annuncio • Apr 30
Algoma Central Corporation to Report Q1, 2026 Results on May 07, 2026 Algoma Central Corporation announced that they will report Q1, 2026 results on May 07, 2026 Annuncio • Mar 04
Algoma Central Corporation, Annual General Meeting, May 07, 2026 Algoma Central Corporation, Annual General Meeting, May 07, 2026. Annuncio • Feb 19
Algoma Central Corporation to Report Fiscal Year 2025 Results on Mar 05, 2026 Algoma Central Corporation announced that they will report fiscal year 2025 results Pre-Market on Mar 05, 2026 Annuncio • Jan 30
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 2, 2026 Algoma Central Corporation 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. Annuncio • Nov 05
Algoma Central Corporation announces Quarterly dividend, payable on December 01, 2025 Algoma Central Corporation announced Quarterly dividend of CAD 0.2000 per share payable on December 01, 2025, ex-date on November 17, 2025 and record date on November 17, 2025. Annuncio • Aug 08
Algoma Central Corporation announces Quarterly dividend, payable on September 02, 2025 Algoma Central Corporation announced Quarterly dividend of CAD 0.2000 per share payable on September 02, 2025, ex-date on August 19, 2025 and record date on August 19, 2025. Annuncio • Jul 31
Algoma Central Corporation to Report Q2, 2025 Results on Aug 06, 2025 Algoma Central Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Annuncio • Apr 11
Algoma Central Corporation to Report Q1, 2025 Results on May 02, 2025 Algoma Central Corporation announced that they will report Q1, 2025 results on May 02, 2025 Annuncio • Feb 18
Algoma Central Corporation, Annual General Meeting, May 02, 2025 Algoma Central Corporation, Annual General Meeting, May 02, 2025. Annuncio • Feb 13
Algoma Central Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025 Algoma Central Corporation announced that they will report fiscal year 2024 results Pre-Market on Feb 27, 2025 Annuncio • Jan 17
Algoma Central Corporation Announces 5% Increase in Quarterly Dividend, Payable on March 3, 2025 Algoma Central Corporation announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.20 per common share. The dividend is payable on March 3, 2025 to shareholders of record on February 14, 2025. This $0.20 common share dividend represents a 5% increase from the $0.19 per share dividend paid on December 2, 2024. Declared Dividend • Nov 11
Third quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 18th November 2024 Payment date: 2nd December 2024 Dividend yield will be 5.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Nov 05
Algoma Central Corporation Announces Quarterly Dividend on Common Share, Payable on December 2, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on December 2, 2024 to shareholders of record on November 18, 2024. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: CA$0.98 (vs CA$0.93 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.98 (up from CA$0.93 in 3Q 2023). Revenue: CA$204.6m (flat on 3Q 2023). Net income: CA$39.9m (up 12% from 3Q 2023). Profit margin: 20% (up from 17% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Annuncio • Oct 21
Algoma Central Corporation to Report Q3, 2024 Results on Nov 04, 2024 Algoma Central Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 04, 2024 Annuncio • Sep 05
Algoma Central Corporation Announces CFO Changes Algoma Central Corporation announced that after 14 years of dedicated service as Chief Financial Officer with Algoma, Peter Winkley will be retiring, effective December 31, 2024. Peter has served as Chief Financial Officer since joining Algoma in 2010. The Company is also announcing the appointment of Christopher Lazarz to the position of Chief Financial Officer, effective January 1, 2025. Christopher joined Algoma in 2011 having held a variety of finance positions of increasing responsibility and currently serves as Vice-President, Corporate Finance. He is a Chartered Professional Accountant (CPA, CA) and holds an Honours Bachelor of Accounting (BAcc) degree from Brock University. Declared Dividend • Aug 12
Second quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 20th August 2024 Payment date: 3rd September 2024 Dividend yield will be 6.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: CA$0.44 (vs CA$0.86 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.44 (down from CA$0.86 in 2Q 2023). Revenue: CA$181.0m (down 11% from 2Q 2023). Net income: CA$17.5m (down 47% from 2Q 2023). Profit margin: 9.7% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Aug 02
Algoma Central Corporation Announces Quarterly Dividend, Payable on September 3, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on September 3, 2024 to shareholders of record on August 20, 2024. Annuncio • Jul 20
Algoma Central Corporation to Report Q2, 2024 Results on Aug 02, 2024 Algoma Central Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 Declared Dividend • May 05
First quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 16th May 2024 Payment date: 3rd June 2024 Dividend yield will be 5.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 03
Algoma Central Corporation Announces Quarterly Dividend, Payable on June 3, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: CA$0.44 loss per share (vs CA$0.51 loss in 1Q 2023) First quarter 2024 results: CA$0.44 loss per share (improved from CA$0.51 loss in 1Q 2023). Revenue: CA$109.2m (down 2.1% from 1Q 2023). Net loss: CA$17.3m (loss narrowed 12% from 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Apr 19
Algoma Central Corporation to Report Q1, 2024 Results on May 01, 2024 Algoma Central Corporation announced that they will report Q1, 2024 results on May 01, 2024 New Risk • Mar 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CA$2.15 (vs CA$3.17 in FY 2022) Full year 2023 results: EPS: CA$2.15 (down from CA$3.17 in FY 2022). Revenue: CA$721.2m (up 6.4% from FY 2022). Net income: CA$82.9m (down 31% from FY 2022). Profit margin: 12% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Feb 21
Algoma Central Corporation, Annual General Meeting, May 01, 2024 Algoma Central Corporation, Annual General Meeting, May 01, 2024. Annuncio • Feb 13
Algoma Central Corporation to Report Q4, 2023 Results on Feb 26, 2024 Algoma Central Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 26, 2024 Upcoming Dividend • Feb 08
Upcoming dividend of CA$0.19 per share at 5.0% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (17%). Annuncio • Jan 16
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2024 Algoma Central Corporation announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend is payable on March 1, 2024 to shareholders of record on February 16, 2024. This $0.19 common share dividend represents a 6% increase from the $0.18 per share dividend paid on December 1, 2023. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: CA$0.93 (vs CA$1.13 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.93 (down from CA$1.13 in 3Q 2022). Revenue: CA$205.9m (up 3.3% from 3Q 2022). Net income: CA$35.7m (down 16% from 3Q 2022). Profit margin: 17% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 04
Algoma Central Corporation Approves Quarterly Dividend to Be Paid on December 1, 2023 Algoma Central Corporation authorized payment of a quarterly dividend to shareholders of $0.18per common share. The dividend will be paid on December 1, 2023 to shareholders of record on November 17, 2023. Annuncio • Oct 28
Algoma Central Corporation to Report Q3, 2023 Results on Nov 03, 2023 Algoma Central Corporation announced that they will report Q3, 2023 results After-Market on Nov 03, 2023 Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: CA$0.86 (vs CA$1.25 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.86 (down from CA$1.25 in 2Q 2022). Revenue: CA$202.4m (up 10% from 2Q 2022). Net income: CA$33.1m (down 30% from 2Q 2022). Profit margin: 16% (down from 26% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 8.7% decline forecast for the Shipping industry in Europe. Annuncio • Aug 05
Algoma Central Corporation Declares Quarterly Dividend, Payable on September 1, 2023 Algoma Central Corporation's Board of Directors have authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend will be paid on September 1, 2023 to shareholders of record on August 18, 2023. Annuncio • Jul 24
Algoma Central Corporation to Report Q2, 2023 Results on Aug 04, 2023 Algoma Central Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 04, 2023 Annuncio • Jul 15
Algoma Central Corporation, Annual General Meeting, Sep 26, 2023 Algoma Central Corporation, Annual General Meeting, Sep 26, 2023. Upcoming Dividend • May 10
Upcoming dividend of CA$0.18 per share at 4.7% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%). Annuncio • May 06
Algoma Central Corporation Announces Board Changes Algoma Central Corporation at its AGM held on May 3, 2023 approved election of Mats H. Berglund and Jens GrØnning as directors until the next annual general meeting of shareholders. Harold (Hap) Stephen will be retiring from Algoma’s Board of Directors after 21 years of service. Mr. Stephen did not stand for re-election this year in accordance with the Company’s age limit policy for Board members. Mr. Stephen also served on the Audit, Investment, and Environment, Health and Safety Committees. Annuncio • May 04
Algoma Central Corporation Authorizes Payment of Quarterly Dividend to Shareholders, Payable June 1, 2023 Algoma Central Corporation authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend will be paid on June 1, 2023 to shareholders of record on May 18, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: CA$0.51 loss per share (vs CA$0.52 loss in 1Q 2022) First quarter 2023 results: CA$0.51 loss per share. Revenue: CA$111.6m (up 31% from 1Q 2022). Net loss: CA$19.6m (flat on 1Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 8.1% decline forecast for the Shipping industry in Europe. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CA$3.17 (vs CA$2.17 in FY 2021) Full year 2022 results: EPS: CA$3.17 (up from CA$2.17 in FY 2021). Revenue: CA$677.9m (up 13% from FY 2021). Net income: CA$120.0m (up 46% from FY 2021). Profit margin: 18% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 10% decline forecast for the Shipping industry in Europe. Annuncio • Feb 14
Algoma Central Corporation to Report Fiscal Year 2022 Results on Feb 27, 2023 Algoma Central Corporation announced that they will report fiscal year 2022 results Pre-Market on Feb 27, 2023 Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.18 per share at 4.5% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (11%). Annuncio • Jan 14
Algoma Central Corporation Increases Quarterly Dividend, Payable on March 1, 2023 Algoma Central Corporation announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend is payable on March 1, 2023 to shareholders of record on February 15, 2023. This $0.18 common share dividend represents a 6% increase from the $0.17 per share dividend paid on December 1, 2022. Upcoming Dividend • Dec 27
Upcoming dividend of CA$1.35 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 18 January 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (12%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Trinity Jackman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: CA$1.13 (vs CA$1.06 in 3Q 2021) Third quarter 2022 results: EPS: CA$1.13 (up from CA$1.06 in 3Q 2021). Revenue: CA$199.3m (up 14% from 3Q 2021). Net income: CA$42.5m (up 6.4% from 3Q 2021). Profit margin: 21% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: CA$1.24 (vs CA$0.85 in 2Q 2021) Second quarter 2022 results: EPS: CA$1.24 (up from CA$0.85 in 2Q 2021). Revenue: CA$183.5m (up 9.4% from 2Q 2021). Net income: CA$47.0m (up 46% from 2Q 2021). Profit margin: 26% (up from 19% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.0% compared to a 4.6% growth forecast for the industry in Germany. Upcoming Dividend • May 10
Upcoming dividend of CA$0.17 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.9%). Reported Earnings • May 05
First quarter 2022 earnings released: CA$0.52 loss per share (vs CA$0.59 loss in 1Q 2021) First quarter 2022 results: CA$0.52 loss per share (up from CA$0.59 loss in 1Q 2021). Revenue: CA$85.1m (up 9.7% from 1Q 2021). Net loss: CA$19.6m (loss narrowed 13% from 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Trinity Jackman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$2.17 (up from CA$1.21 in FY 2020). Revenue: CA$598.9m (up 9.8% from FY 2020). Net income: CA$82.2m (up 79% from FY 2020). Profit margin: 14% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 5.8%, compared to a 26% growth forecast for the industry in Germany. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.17 per share Eligible shareholders must have bought the stock before 14 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 19%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (1.8%). Upcoming Dividend • Nov 09
Upcoming dividend of CA$0.17 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 01 December 2021. Trailing yield: 19%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS CA$1.06 (vs CA$0.59 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$174.7m (up 13% from 3Q 2020). Net income: CA$40.0m (up 80% from 3Q 2020). Profit margin: 23% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.85 (vs CA$0.47 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$167.7m (up 11% from 2Q 2020). Net income: CA$32.3m (up 82% from 2Q 2020). Profit margin: 19% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 06
First quarter 2021 earnings released: CA$0.59 loss per share (vs CA$0.63 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: CA$77.6m (down 8.8% from 1Q 2020). Net loss: CA$22.4m (loss narrowed 5.1% from 1Q 2020). Is New 90 Day High Low • Mar 11
New 90-day high: €11.00 The company is up 23% from its price of €8.95 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.87 per share. Annuncio • Feb 23
Algoma Central Corporation, Annual General Meeting, May 05, 2021 Algoma Central Corporation, Annual General Meeting, May 05, 2021. Annuncio • Feb 13
Algoma Central Corporation to Report Fiscal Year 2020 Results on Feb 26, 2021 Algoma Central Corporation announced that they will report fiscal year 2020 results Pre-Market on Feb 26, 2021 Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 19% share price gain to CA$8.15, the stock is trading at a trailing P/E ratio of 23.6x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 15x in the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to CA$7.91, the stock is trading at a trailing P/E ratio of 23.2x, up from the previous P/E ratio of 19.9x. This compares to an average P/E of 17x in the Shipping industry in Europe. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 2.2%, compared to a 2.9% growth forecast for the Shipping industry in Germany. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS CA$0.59 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CA$155.0m (down 7.7% from 3Q 2019). Net income: CA$22.2m (up 5.6% from 3Q 2019). Profit margin: 14% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses. Annuncio • Oct 15
Algoma Central Corporation Takes Delivery of the Algoma Intrepid Algoma Central Corporation announced that it has taken delivery of the Algoma Intrepid, the second Equinox 650’ Class self-unloading dry-bulk carrier, and the ship has begun her voyage to Canada from the 3 Maj Shipyard in Croatia. The vessel, the ninth Equinox Class vessel to join the fleet, will journey across the Atlantic to Canada where she is expected to begin trading on the Great Lakes in November. The Algoma Intrepid is the sister ship to the Algoma Innovator, which entered service in early 2018 as the newest and most efficient river class vessel to enter the Great Lakes market in almost 40 years. Like her sister ship, the Algoma Intrepid features an impressive forward-mounted boom, enabling cargo to be delivered at hard-to-reach docks, providing greater flexibility for its customers. In other Equinox Class news, the keel has been laid for the new Captain Henry Jackman at Jiangsu Yangzi-Mitsui Shipbuilding Company in China. This Seaway-Max gearless bulk carrier is expected to be delivered during the second quarter of 2021 and she will be the newest and most efficient vessel in Algoma’s domestic fleet. The design is being coined “Equinox 3.0” and it includes improvements in cargo deadweight capacity and equipment, all while maintaining the numerous performance efficiencies of the original Equinox Class design.