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.
Donjon Marine Acquired by Investment Firm Tallvine
Donjon Marine Co. LLC, which operates a shipyard in the Great Lakes, has been acquired by Miami-based investment firm Tallvine Partners. Donjon Marine was founded in 1964 and operates dredging,... Read More
Wreckage of F.J. King Found After 139 Years
The Wisconsin Underwater Archeology Association (WUAA) has announced the discovery of the long-sought wreck of the schooner F.J. King, which sank in a storm off Baileys Harbor, Wisconsin, on September... Read More