Robert S. Pierson and rudder reunited
Algoma Central 3rd Quarter Report: Increased demand,
expanded capacity signals a promising close to the year
“Following a challenging second quarter, it’s encouraging to see stability in demand this quarter, along with promising signs of continued improvement as we approach year-end,” said Gregg Ruhl, President and CEO of Algoma Central Corp.
“Our Product Tanker segment is performing well, with the fleet at full utilization, including one vessel added to the domestic fleet this year. Our Ocean Self-Unloader segment has also seen stronger earnings, driven by increased on-hire days in the Pool and stable rates. In the Domestic Dry-Bulk segment, securing additional iron ore cargoes with a new customer helped offset the continuation of lower construction and salt volumes. Looking ahead to the end of 2024, customer demand remains stable although some weak spots persist. With a larger grain crop this year, grain volumes in the fourth quarter are expected to be very strong. As we move into the winter months, we remain optimistic that salt cargo demand will improve from our key customer in this sector,” continued Mr. Ruhl.
Here is some summary information from the report.
“In the Domestic Dry-Bulk segment, a large grain crop is expected to lead to improved utilization for the balance of the year, with spot business expected to fill any available domestic dry-bulk capacity for the balance of the current navigation season. Looking ahead to the first quarter of 2025, typical winter cargo volumes are expected for both salt and iron ore, assuming a return to normal winter conditions around the Great Lakes region.
“We expect customer demand In the Product Tanker segment to remain steady in the fourth quarter and for fuel distribution patterns within Canada to support strong vessel utilization for the vessels trading under Canadian flag. The fleet is expected to be in full deployment through the remainder of the year, with all eight vessels in operations. We continue to expect delivery of the first newbuild for the new Irving Oil contract in February, 2024 with the second ship to follow a month later. Eight new tankers remain on order for our FureBear joint venture, with deliveries expected between late 2024 and 2026. In late October, we took delivery of the Fure Viskär and expect delivery of one more newbuild FureBear tanker in November, 2024.
“In the Ocean Self-Unloaders segment, we are expecting vessel utilization to continue to improve with no dry-dock days scheduled until the end of the year.
“Volumes in the gypsum and coal industry are expected to be steady for the balance of the year, while volumes in the aggregate sector are expected to slow down. Progress continues on the Ocean new build project, with the first new vessel expected to join the Pool in the third quarter of 2025.
“We anticipate steady earnings from the cement fleet, with the majority of assets committed to long-term time charter contracts. The handy-size segment is expected to remain stable, based on the current outlook for market conditions.”
Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally.
Algoma Central Corp.
Read the full report here: https://www.algonet.com/news-item/algoma-central-corporation-reports-financial-results-for-the-2024-third-quarter/?fbclid=IwY2xjawGV0jlleHRuA2FlbQIxMAABHeFjv_T2nqrgHQGBW7_8HJwRO43H4F5iewxB4zbA3pkdeHFIuC9dGXKkMw_aem_0PSvz5hQVe-SN30yMatzXQ
Lost Mariners Remembrance ceremony being held in Detroit this weekend on Edmund Fitzgerald anniversray
The Edmund Fitzgerald sank on Nov. 10, 1975 in Lake Superior, in a violent storm on the lake. November can be a turbulent month for weather across Michigan, and gales – very strong winds – are common on the Great Lakes. Intense areas of low pressure can sweep across the Great Lakes region bringing arctic air masses. The relatively warm waters of the Great Lakes can help storms intensify and produce life-threatening conditions.
Posted 8:06 AM, Nov 04, 2024 and last updated 8:24 AM, Nov 04, 2024
The Detroit Historical Society is honoring lost mariners during its annual Lost Mariners Remembrance this weekend in Detroit.
It’s the 25th year the society has held the event, which also marks the anniversary of the sinking of the S.S. Edmund Fitzgerald.
This year’s event will take place Sunday, Nov. 10 at the Dossin Great Lakes Museum on Belle Isle.
It will start with a lantern ceremony at the S.S. Edmund Fitzgerald anchor, and then Lee Murdock, a celebrated balladeer of the Great Lakes, will perform at 6:15 p.m.
There will also be a wreath ceremony, a lost vessel tribute, a final blessing and then the playing of the “Wreck of the Edmund Fitzgerald” by Gordon Lightfoot.
Tickets are $10 for members and $15 for the general public.
Shipwreck Society makes 49th Edmund Fitzgerald Memorial Ceremony closed to the public
The Great Lakes Shipwreck Historical Society’s Annual Edmund Fitzgerald Memorial Ceremony is always a solemn event, but again this year, it will be closed to the public. Due to the museum’s small size and inability to accommodate the many people who typically want to attend, the decision has been made to keep the event private. This memorial service has always been primarily intended for the families of those lost on the Fitzgerald when it sank 17 miles northwest of Whitefish Point on November 10th, 1975.
However, recognizing the wider community’s interest, the Shipwreck Society has upgraded its technology to ensure the memorial can still be experienced by many. The event will be live-streamed, with a link to follow, allowing the public to participate virtually while maintaining an intimate atmosphere for the families attending in person. This combination of preserving the event’s personal nature while expanding access is a thoughtful way to honor the memory of those lost and to include those who wish to pay their respects from afar.
This event will be live-streaming from Whitefish Point starting before 7pm on Sunday, 11-10-2024 and ending after 8pm. Please stay tuned for more information.
There will also be an opportunity to see this event at the Michigan Maritime Museum in South Haven, MI where they will host a simulcast of the broadcast of our stream in real time. If you’re in that area call the MMM at (269) 637-8078 for more information. There has been a flood of questions about the 50th anniversary Edmund Fitzgerald Memorial Ceremony. We do have plans for a public event that we will release in 2025. Any questions about the 49th event please reach out to:
Media Contact, Corey Adkins: Content/Communications Director GLSHS
corey@shipwreckmuseum.com
Gales of November 8-9
A great slate of presentations this year. Also a form to order a raffle ticket for a ride on the Edwin H. Gott. Help support Duluth’s Maritime Museum
See flyer below.
National Museum offers “Fitzgerald Experience 2024”
Toledo, OH – In honor of the 49th Anniversary of the loss of the S.S. Edmund Fitzgerald on November 10, 1975, the National Museum of the Great Lakes is offering a weekend of special tours. The Fitzgerald Experience is a guided tour of the Col. James M. Schoonmaker Museum Ship, using the lake freighter and its similarities to the Edmund Fitzgerald to discuss the events of November 10, 1975, theories about the sinking and stories about the 29 crew members who were lost. This tour is approximately 75 minutes long.
Tickets are $20 for members and $25 for non-members. Each tour will be limited to 8 people. Guests also receive a museum store discount of 10% (non-members) / 20% (members) off in-store purchases. Tours are offered every half hour from 10 a.m. – 3:30 p.m. on Saturday, November 9 and from noon – 3:30 p.m. on Sunday, November 10.
Your tour purchase includes admission to the National Museum of the Great Lakes.
Due to its historical accuracy, the Col. James M. Schoonmaker Museum Ship is not ADA accessible. Narrow, steep staircases are common throughout the Schoonmaker and may provide difficulties in accessibility for some.
The Schoonmaker is also not heated and much of the tour is on uncovered decks. We encourage you to dress appropriately for the weather. If we determine that the weather has made these tours impossible, we will provide a refund of the ticket price (minus fees). If the program is cancelled, we are not planning a make-up date.
You can process a refund (minus fees) and cancel your ticket up to 7 days before the event. Go here to buy tickets: https://www.eventbrite.com/e/the-fitzgerald-experience-2024-tickets-1043046027747?aff=ebemoffollowpublishemail&ref=eemail&utm_campaign=following_published_event&utm_content=follow_notification&utm_medium=email&utm_source=eventbrite
