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Algoma Central(ALC-T)
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Stocks in play: Algoma Central Corporation

Baystreet - Mon Jun 19, 2023

Today announced it has placed an order with Hyundai Mipo Shipyard in South Korea to build two 37,000 DWT ice class product tanker vessels for a total investment of $127 million. These new ships will be entered on long-term time charters to Irving Oil under Canadian flag, servicing the energy company’s refinery in Saint John, New Brunswick, with deliveries to ports in Atlantic Canada and the U.S. East Coast. Algoma Central Corporation shares T.ALC are trading unchanged at $15.16.

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