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.
Ports of Indiana-Burns Harbor Awarded $11.2 Million Federal Grant
Ports of Indiana-Burns Harbor has been awarded an $11.2 million federal grant to modernize cargo handling equipment and prepare for potential international container service. The funding comes through the U.S.... Read More
Fincantieri Marine Group Secures Funding to Upgrade Wisconsin Shipyards
Fincantieri Marine Group will use approximately $9.6 million in U.S. Navy and Maritime Administration (MarAd) funding to upgrade manufacturing capabilities and support workforce development at its Wisconsin shipyards. The funding... Read More