by Guest » January 9, 2024, 12:40 pm
I agree with the valid points made by the other posters. However, the information from the letter submitted to the USCG last year by CML concerning the possible charter of the Ryerson to Algoma Central as part of a newly formed US business entity, Ryers AC, raises the possibility that the vessel could see additional service. The proposal submitted to the USCG tells us two things. One, the Ryerson is believed to have some 25+ years of service life remaining. Two, there is, or was, some serious consideration given toward a reactivation. Companies don't normally pursue, or even plan, projects of this magnitude without some definitive reason for doing so. Remember these projects can take several years to come to fruition as large corporations are often looking five years down the line. Given that, we don't know what the potential trade route or routes were being considered for this project but it has been mentioned as Algoma Steel being part of it. With the Ryerson being retained as a US flagged vessel as stated in the proposal letter, I find it odd that if it was only considered to be used for use for service with Algoma Steel it would not have to remain US flagged as it could easily operate between US and Canadian ports without restriction. Could retaining the US flag status be a way for Algoma to get a foothold in the US trade in some way? There are too many variables and rumors to know what the truth behind all of this is and as long as the upper echelons of CML and Algoma remain silent we will not know for the foreseeable future. Didn't Algoma Steel fall somewhat behind in bringing its electric arc furnace on line?
I agree with the valid points made by the other posters. However, the information from the letter submitted to the USCG last year by CML concerning the possible charter of the Ryerson to Algoma Central as part of a newly formed US business entity, Ryers AC, raises the possibility that the vessel could see additional service. The proposal submitted to the USCG tells us two things. One, the Ryerson is believed to have some 25+ years of service life remaining. Two, there is, or was, some serious consideration given toward a reactivation. Companies don't normally pursue, or even plan, projects of this magnitude without some definitive reason for doing so. Remember these projects can take several years to come to fruition as large corporations are often looking five years down the line. Given that, we don't know what the potential trade route or routes were being considered for this project but it has been mentioned as Algoma Steel being part of it. With the Ryerson being retained as a US flagged vessel as stated in the proposal letter, I find it odd that if it was only considered to be used for use for service with Algoma Steel it would not have to remain US flagged as it could easily operate between US and Canadian ports without restriction. Could retaining the US flag status be a way for Algoma to get a foothold in the US trade in some way? There are too many variables and rumors to know what the truth behind all of this is and as long as the upper echelons of CML and Algoma remain silent we will not know for the foreseeable future. Didn't Algoma Steel fall somewhat behind in bringing its electric arc furnace on line?