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.
Maritime Leaders Address Future of Great Lakes-St. Lawrence Seaway
A coalition of Great Lakes stakeholders is asking for government support to protect and improve the Great Lakes-St. Lawrence Seaway. Citing the vital role the system plays in trade and... Read More
Great Lakes Limestone and Iron Ore Trade Down in September
Shipments of limestone on the Great Lakes totaled 3.3 million tons in September, a decrease of 11.5% compared to 2024, according to the Lake Carriers’ Association. Limestone cargos were also... Read More