Ontario-Based Algoma Buys Four ‘Lakers’ from American Steamship Company

Ontario-based Algoma Central Corporation (TSX: ALC) today said it has reached an agreement to purchase four U.S.-flag 'lakers' from American Steamship Company. In doing so, all four ships will be re-registered to the Canadian flag. The vessels being acquired are the M.V. Buffalo, the M.V. Adam E. Cornelius, the S.S. American Valor and the S.S. American Victory. In a … [Read more...]