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.
USACE Begins Dredging at Holland Harbor
The U.S. Corps of Engineers, Detroit District will start dredging the entrance to Holland Harbor as early as Thursday, April 24 to remove shoaling across the federal channel. Surveys indicate... Read More
Great Lakes Iron Ore Trade Decreases in March 2025
According to the Lake Carriers’ Association, shipments of iron ore on the Great Lakes were below one million tons in March, a decrease of 39.1 percent compared to 2024. Loadings... Read More