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.
65th Opening of the St. Lawrence Seaway
The 2023 navigation season on the St. Lawrence Seaway is now underway. On Wednesday, March 22, 2023, Terence Bowles, president and CEO of the St. Lawrence Seaway Management Corporation (SLSMC),... Read More
FY2024 Great Lakes Navigation Budget Breakdown
The Biden Administration has proposed a total of $1.683 billion from the Harbor Maintenance Trust Fund (HMTF) for the Corps’ deep draft coastal navigation O&M program. Of this total, $275... Read More