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Algoma Central Corporation Announces $160 million investment in Fleet Expansion
Algoma Central Corporation ("Algoma" – www.algonet.com) today announced that it has acquired a 2009-built handy size self-unloading ocean class vessel, the Gypsum Integrity, from Gypsum Transportation Limited. The vessel is being renamed the Algoma Integrity. In addition, the Company is announcing today that it has signed contracts with a subsidiary of Uljanik d.d. of Croatia, for the construction of two new Equinox Class 650 foot self-unloading dry bulk lake freighters. These contracts are contingent on the delivery by the shipyard of acceptable security for construction instalments required under the contracts. Read more at http://www.stockhouse.com/news/press-releases/2015/04/23/algoma-central-corporation-announces-160-million-investment-in-fleet-expansion#1U564Rk5ecKuqyW7.99
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