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.
Re-introducing SHIPS for America Act
On April 30, U.S. Sens. Mark Kelly (D-AZ) and Todd Young (R-IN) and U.S. Reps. John Garamendi (D-CA-8) and Trent Kelly (R-MS-1) re-introduced the Shipbuilding and Harbor Infrastructure for Prosperity... Read More
Algoma Endeavour Reflags Under Canadian Registry at the Port of Montreal
On April 23, the Algoma Endeavour completed its reflagging process at the Port of Montreal. The vessel will now sail under the Canadian flag on the Great Lakes-St. Lawrence Seaway.... Read More