Diversified Algoma Central Corporation proves that business doesn't always have to be dry. The company's Algoma Tankers subsidiary provides ocean shipping through its six Canadian-flag liquid petroleum products tankers and a time-chartered US-flagged tanker. Algoma Central also owns more than 20 Canadian-flagged dry-bulk vessels that operate on the Great Lakes-St. Lawrence Waterway. Algoma Central additionally provides, through Fraser Marine & Industrial, ship repair and steel fabrication services. The company's subsidiary out of water, Algoma Central Properties, owns and manages commercial real estate such as malls, office buildings, and residential apartments.