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.
Great Lakes Limestone Trade Down in November
Shipments of limestone on the Great Lakes totaled nearly 3 million tons in November, a decrease of 4.9 percent compared to a year ago. Limestone cargos were just 8,340 tons... Read More
SLSMC to Invest $350 Million in Infrastructure Upgrades
The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of more than $350 million in infrastructure upgrades over the next three years. This investment will ensure the Seaway’s... Read More