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.
Ice Conditions Renew Calls for Additional U.S. Icebreaker on Great Lakes
Commercial shipping on the Great Lakes has slowed sharply just a few days into the 2026 navigation season, as ice conditions in the St. Marys River and Whitefish Bay halted vessel traffic and renewed... Read More
Maritime Administration Announces $488.6 Million in Port Infrastructure Grants
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced $488.6 million in funding through the Port Infrastructure Development Program (PIDP) to support upgrades at ports across the country. The... Read More