by Guest » April 21, 2025, 11:49 am
Aren't these inbound cargoes to Algoma bound to become irrelevant once the new electric arc furnace comes up to full capacity? Perhaps it also makes sense for LLT to charter out some of these tonnage commitments to outside fleets (and competitors at that) rather than secure more carrying capacity either through bareboat charter or new acquisitions for a short period of time. I believe most of Algoma's raw materials are brought in from US ports, there would be no problem with what members of Rand's combined fleet (LLT and the US flagged GRN and ASC units) were used to make deliveries to the mill. From the outside looking in with no insight into the factors leading to this decision, the chartering out of some of these deliveries to Algoma and CSL seems to indicate that the sidelining of the Michipicoten and the removal from service of the Cuyahoga has Rand operating near its capacity in at the present time.
Aren't these inbound cargoes to Algoma bound to become irrelevant once the new electric arc furnace comes up to full capacity? Perhaps it also makes sense for LLT to charter out some of these tonnage commitments to outside fleets (and competitors at that) rather than secure more carrying capacity either through bareboat charter or new acquisitions for a short period of time. I believe most of Algoma's raw materials are brought in from US ports, there would be no problem with what members of Rand's combined fleet (LLT and the US flagged GRN and ASC units) were used to make deliveries to the mill. From the outside looking in with no insight into the factors leading to this decision, the chartering out of some of these deliveries to Algoma and CSL seems to indicate that the sidelining of the Michipicoten and the removal from service of the Cuyahoga has Rand operating near its capacity in at the present time.