Algoma Central Corp is being linked to a KRW 127bn ($96m) order for two product carriers at South Korean shipbuilder Hyundai Mipo Dockyard (HMD).

On Wednesday, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said it had won a contract from a “Canadian shipper” for the two vessels but did not name the party behind the business.

Algoma Central keeps quarterly loss flat as revenue spikes but so do costs
 Read more

HD KSOE said the ships will be delivered by March 2025.