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.
Iron Ore and Limestone Trade Up in July
The Lake Carriers’ Association (LCA) reports that shipments of iron ore on the Great Lakes totaled 5.1 million tons in July, an increase of less than 1% compared to 2025. Iron... Read More
Fraser Industries, HD Hyundai Outline Plan to Modernize U.S. shipyard Operations
Fraser Industries LLC has signed a memorandum of understanding (MOU) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to collaborate on modernizing U.S. shipyards, with Fraser Shipyards in Superior, Wisconsin, expected... Read More