Business
Algoma Central Corporation Christens Environmentally Advanced Vessel in the Great Lakes
(TSX : ALC) ST. CATHARINES, ON , July 17, 2014 /CNW/ - Algoma Central Corpora...
About this update from Algoma Central Corporation
[{"type":"text","content":"\n\n\n(TSX : ALC)\n\n\n\n\n\nST. CATHARINES, ON, July 17, 2014 /CNW/ - Algoma Central Corporation (\"Algoma\" - www.algonet.com) is pleased to announce the arrival in Canada and the christening of\n its second Equinox Class bulk cargo vessel, the Algoma Harvester. The christening took place at Pier 26 South in Hamilton Harbour\n earlier today and was observed by an audience that included local\n dignitaries and members of the marine industry.\n\n\nMrs. Kathy Baske, wife of Jim Baske, the President and CEO of\n ArcelorMittal Dofasco imparted the traditional blessing.  As is\n customary for these ceremonies, a bottle of champagne was broken\n against the bow of the ship, a banner revealing the ship's name was\n unveiled, and Father David Mulholland of the Mission to Seafarers\n offered prayers and other words of inspiration to the Canadian crew of\n the ship.\n\n\nThe Equinox Class represents the next generation of Great Lakes - St.\n Lawrence Waterway bulk cargo vessels. The ships have been designed to\n optimize fuel efficiency and operating performance thus minimizing\n environmental impact.  A 45% improvement in energy efficiency over\n Algoma's current fleet average is expected, resulting from the use of a\n modern Tier II compliant engine, increased cargo capacity, and an\n improved hull form. In addition, a fully integrated IMO approved\n exhaust gas scrubber will remove 97% of all sulphur oxides from\n shipboard emissions.  Algoma is the first company to use an IMO\n approved integrated scrubber on a Great Lakes - St. Lawrence vessel\n class.\n\n\n\"We have been extremely pleased with the performance of the first\n Equinox Class vessel, the Algoma Equinox, since she joined the Algoma fleet last November,\" said Greg Wight,\n President and CEO of Algoma. \"We are also very pleased to host the Algoma Harvester christening in Hamilton today with our major customer, ArcelorMittal\n Dofasco. The Equinox Class bulkers have been designed to optimize\n performance in the movement of iron ore for companies like\n ArcelorMittal Dofasco and for the movement of grain products. We expect\n the ship to move 1 million tonnes per year of these commodities,\" Mr.\n Wight continued.\n\n\n\"Great Lakes and St. Lawrence Seaway marine transport is integral to our\n business and fleet renewal is critical for a sustainable supply ...