Algoma Central Corp 2023 AR2
The report highlights Algoma Central Corporation's operational and financial performance for the fiscal year 2023, marking its 125th anniversary. The company made significant progress in its fleet renewal and growth plans, with 17 vessels on order or under construction, including methanol-ready ocean self-unloaders and dual-fuel product tankers. Algoma achieved a 16% reduction in greenhouse gas intensity within its Domestic Dry-Bulk fleet compared to the 2008 baseline, moving closer to its 2030 target of a 40% reduction. Additionally, the company successfully trialed biofuels on five vessels and became the first Great Lakes fleet to install Starlink Maritime across its domestic vessels to improve seafarer connectivity.
Company: Algoma Central Corp
Sector: Transport & logistics
Country: Canada
Year: 2023
Type: AR2
Pages: 95
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Algoma Central Corp
Annual Report
The report highlights Algoma Central Corporation's operational and financial performance for the fiscal year 2023, marking its 125th anniversary. The company made significant progress in its fleet renewal and growth plans, with 17 vessels on order or under construction, including methanol-ready ocean self-unloaders and dual-fuel product tankers. Algoma achieved a 16% reduction in greenhouse gas intensity within its Domestic Dry-Bulk fleet compared to the 2008 baseline, moving closer to its 2030 target of a 40% reduction. Additionally, the company successfully trialed biofuels on five vessels and became the first Great Lakes fleet to install Starlink Maritime across its domestic vessels to improve seafarer connectivity.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 26, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees