Algoma Central Corporation (“Algoma”), a leading provider of marine transportation services, today announced that all of the company’s domestic dry-bulk collective agreements have been ratified and will be in force until 2023. This includes four officer contracts represented by the Canadian Merchant Service Guild (“CMSG”) and unlicensed seafarer collective agreements with the Seafarer’s International Union (“SIU”) and UNIFOR.
The renewed agreements provide for competitive compensation packages and increased flexibility in crew utilization and scheduling. Changes were also made to provide greater security for customers and shipboard employees of Algoma.
About Algoma Central
Algoma 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. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which includes a diversified portfolio of dry-bulk fleets operating internationally.