The Algolake is a self-unloading bulk carrier owned and operated by Algoma Central. She was built in Collingwood, Ontario, by Collingwood Shipyards in 1976—after lake freighters stopped being built with a distinctive superstructure incorporating the ship's bridge, right up in the bow, and another, over the ship's engines, right in the stern. The Algolake has a single superstructure in the stern.
She is powered by 2 X 4,500 shaft horsepower (3,400 kW) diesel engines, powering a single propeller, enclosed in a Kort nozzle. She is built to seawaymax dimensions.
Accoriding to Soo Today a life extension to the Algolake was one of the reasons why Algoma Central's profits were down sharply in 2009.