Algoma Central Corporation Sells Station Mall in Sault Ste. Marie
Station Mall, a 555,000 square-foot enclosed shopping centre located steps away from the St. Mary’s River, was the last of the Company’s real estate holdings in Sault Ste. Marie. The Company’s intention to divest of its commercial real estate portfolio was initially announced in 2015. Since then, the Company has sold 15 properties in Sault Ste. Marie, Waterloo, and St. Catharines, Ontario since 2015, directing proceeds from the sales to the renewal of the domestic dry-bulk fleet, expansion of its ocean self-unloader fleet and to new investments in international shipping.
U.S. Coast Guard Renames Geographical Operational Districts
The U.S. Coast Guard has renamed its operational districts from numerical to geographic designations. This change aims to indicate more accurately the regions they serve and represent. Renaming operational districts... Read More
Ontario Invests $215 Million to Support Shipbuilding in Canada
The Ontario government is investing $215 million to support shipbuilding and the broader marine sector in the province, including through the establishment of a $15 million Ontario Shipbuilding Grant Program... Read More