Algowest Re-Dedicated and Renamed Peter R. Cresswell

On October 14, 2001 Algoma Central Corporation renamed their self-unloading dry-bulk carrier, the Motor Vessel ALGOWEST to the Motor Vessel PETER R. CRESSWELL.  The ship was re-dedicated honoring the former President and Chief Executive Officer on the occasion of his retirement from that position.  

Peter Cresswell is currently Deputy Chairman of the Board of Directors of Algoma Central Corporation.

The re-dedication ceremony was held near Lock 1 on the Welland Canal. During the ceremony, which was attended by Peter Cresswell’s family and friends, and employees from Algoma Central, Tim Dool, President and Chief Executive Officer of Algoma Central Corporation congratulated Peter Cresswell on his 37 years of service to the Corporation, saying: “Peter Cresswell’s leadership drove the significant growth, diversification and modernization of Algoma Central’s fleet to become the largest operating in the Great Lakes.”

Sponsor, Nancy Cresswell, wife of Peter Cresswell, re-dedicated the ship with the words: “I re-dedicate this ship, the Motor Vessel PETER R. CRESSWELL. May God guard her, and guide her, and keep all those who sail in her.” After the new name of the ship was revealed, the traditional bottle of champagne was then smashed against the ship’s bow.

The 19,853 tonne, 730-foot self-unloading vessel was converted to a self-unloader in 1998. Sailing under the Algoma Central house flag, she is marketed and scheduled by Seaway Marine Transport of St. Catharines.

With assets of over $370 million, the Algoma Central Corporation group includes Algoma Tankers, Fraser Marine & Industrial, Algoma Central Properties Inc., and a 50-percent interest in Seaway Marine Transport and Marbulk Canada Inc. The Corporation also owns a 25-percent interest in Cleveland Tankers (1991) Inc., based in Cleveland, Ohio. The Corporation employs approximately 1,300 employees.

Click here for the history of the Peter R. Cresswell.

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