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.
AGLPA Launches Study to Assess Increasing Trade Between the Great Lakes and Inland Waterways
A study is underway to assess the economic opportunities and transportation benefits of increasing maritime cargo shipments between the Great Lakes and U.S. inland waterways. The American Great Lakes Ports Association (AGLPA), Ports... Read More
Montreal Port Authority Receives Federal Authorization to Advance Contrecœur Expansion
The Montreal Port Authority (MPA) has received authorization from Fisheries and Oceans Canada to expand its port facilities in Contrecœur and continue construction of the new container terminal. Issued under the Fisheries Act and... Read More