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. Army Corps of Engineers Launches Initiative to Streamline and Accelerate Projects
The Assistant Secretary of the Army for Civil Works has announced a new initiative aimed at streamlining the U.S. Army Corps of Engineers’ (Corps) Civil Works program and accelerating delivery of... Read More
Great Lakes Iron Ore Trade Nearly Matches January 2025
Iron Ore shipments on the Great Lakes totaled 2 million tons in January. According to the Lake Carriers’ Association, this total is a near match to 2025. Loadings were below... Read More