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.
American Ship & Dry-Dock Designs Modular System
American Ship & Dry-Dock Company has developed what it calls a Rapid Deployment and Modular Dry-Dock System, an approach that rethinks how floating drydocks are designed, transported and installed. According to Brian... Read More
New Bolt-in Design Speeds Lockport Lock Repairs
Lockport Lock, Illinois River Mile 291, is expected to remain closed until the evening of May 19 as repair crews install new pintle sockets. The closure, which began March 31, temporarily disrupts all marine... Read More