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.
Port of Cleveland Receives $4.1 Million in State Grants to Strengthen Infrastructure
The Cleveland–Cuyahoga County Port Authority (Port of Cleveland) has been awarded $4.2 million through the Ohio Maritime Assistance Program (MAP), a competitive Ohio Department of Transportation (ODOT) grant program supporting... Read More
Port Milwaukee Awarded $1.4 Million for Infrastructure Upgrades
The Wisconsin Department of Transportation (WisDOT) has awarded more than $1.4 million in Harbor Assistance Program funding for Port Milwaukee to support infrastructure improvements on Jones Island. The grant will... Read More