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 Cruise Industry Generates $310 Million in 2026
The Great Lakes cruise industry generated more than $310 million in economic impact in 2026, surpassing earlier projections as passenger numbers and port visits increased across the region. Cruise the... Read More
Great Lakes Iron Ore Shipments Rise in October, While Limestone Trade Declines
Iron ore shipments on the Great Lakes increased in October, while limestone shipments continued to trail last year’s totals and historical averages, according to the Lake Carriers’ Association (LCA). U.S.... Read More