Algoma Central Corporation owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. These vessels carry raw materials such as iron ore, grain, salt, aggregates and petroleum products throughout the region. This update focuses on this segment of our operations.
Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and has expanded into global short sea markets through its 50% interests in NovaAlgoma Cement Carriers ("NACC") and NovaAlgoma Short Sea Carriers ("NASC"), focusing on niche markets featuring specialized equipment or services.
The Recruitment Challenge
One of the biggest challenges facing the marine industry in the Great Lakes region is the shortage of skilled seafarers coupled with an aging work force. Our goal at Algoma is to have the best officers and crews in the industry and to be the employer of choice for Canadian mariners. Recruitment and retention of shipboard employees is critical to our success.
Algoma has partnered with SIU Canada and the Seafarers' Training Institute on a Canada-wide recruitment initiative. This initiative will provide young adults and skilled tradespeople accepted to the program the opportunity to receive training free of charge to become a seafarer.
Algoma also participates in a new Chamber of Marine Commerce Work Force Development Committee dedicated to identifying actions that can be taken immediately to address the current urgent labour shortage and to ensuring skilled labour will be available to crew the region's vessels in the long-term.
Throughout the year we also take part in many career fairs across the country to help raise awareness about exciting career opportunities available at Algoma.
2017 safety highlights
best safety stats on record
ohsas 18001 certification
In 2017 Algoma achieved certification to the OHSAS 18001 global standard for health and safety management, enhancing our already strong ISM certified safety management practices and procedures.
proactive safety initiatives
We are always looking for ways to build on and improve our safety programs. One of our more recent initiatives, increasing the use of 'Points Cards' (Plan, Observe, Inform, Note and Track) to identify and manage hazards before they become an issue, has resulted in a doubling of Hazard IDs in 2017 compared to 2014.
Algoma is committed to operating and growing in a responsible manner while minimizing our impacts to water, air and land from our operations. Management of environmental issues is guided by our ISO 14001 certified management system and our fundamental commitments to environmental protection, compliance and continual improvement.
We've been a very active participant in the Green Marine voluntary environmental improvement program since it began over 10 years ago. Participation assists in advancing our sustainability strategy and challenges us to continually improve our environmental management programs and performance. Algoma’s scores have steadily increased since joining the program in 2008 as one of the co-founders.
Investing in technology for a sustainable future
Environmental leadership is one of the cornerstones of our strategic plan and we are investing hundreds of millions of dollars in new ships and technologies to achieve this goal.
Our new vessels are on average 40% more fuel efficient than their predecessors, enabling us to reduce our overall fleet emissions as we work towards meeting the greenhouse gas reduction target announced by Algoma in 2016.
We have also installed closed-loop exhaust gas scrubbers, on seven vessels to date, to remove the sulphur emissions generated from fuel combustion. Emissions testing has confirmed a reduction in sulphur oxide emissions of over 98% and also demonstrated a reduction in particulate matter of approximately 43%. Further testing in collaboration with Environment and Climate Change Canada is planned for 2018.
United Way - $81,700 contributed in 2017
Pathstone Mental Health Foundation - $250,000 pledged over 5 years to the Mending Children's Minds Campaign. We have contributed $200,000 to date.
First Ontario Performing Arts Centre - $250,000 pledged over 6 years to the First Ontario Performing Art's Centre Capital Campaign. We have contributed $200,000 to date.
Georgian College - $1,000,000 pledged over 10 years to the Algoma Central Corporation Marine Emergency Duties (MED) Centre. We have contributed $300,000 to date.