Algoma Central renames ship after Sault’s Dool
June 11, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
BY DAN BELLEROSE | Source: The Sault Star
The name of the outgoing chief executive officer of the largest Canadian-flag ship owner on the Great Lakes and St. Lawrence will continue to be prominent on the seaway.
A 730-foot, dry bulk freighter with 32,000-tonnes of cargo carrying capacity was rededicated last week in honour of Sault Ste. Marie native Tim Dool, president and chief executive officer of Algoma Central Corp. for seven years, at his retirement.
… “In the process of leading Algoma Central Corp. to the proud position it holds today, Tim Dool has provided leadership, support and encouragement to all of Algoma’s valued employees,” stated Greg Wight, company president and CEO, in a release.
Under Dool’s tenure, revenue increased 51%, capital assets grew by 23% and net earnings increased 60%.
