Algoma Central Corporation - T.ALC- Profile

Algoma Central Corporation. The Group operates in two business segments: Marine transportation and Real estate. Marine transportation segment consists of 21 dry-bulk lake vessels and seven tankers, two of which are under charter agreements to the group, which operate primarily within the Great Lakes and St. Lawrence Seaway. Marine transportation also includes an interest in seven ocean dry-bulk vessels that trade worldwide and a ship repair. Real estate segment consists of development, rental and management of shopping centres, hotel, office and an apartment building in Sault Ste. Marie and St. Catharines, Ontario. Marine transportation accounted for 94% for 2002 revenues and Real estate, 6%.