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.
Ice Causes Shipping Delays on the Great Lakes
The Great Lakes-St. Lawrence Seaway System officially closed for the 2025 navigation season on January 5, but ice buildup created shipping delays leading up to the closure. Frozen waters caused... Read More
Toledo Harbor Dredging Completed
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