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 Iron Ore Trade Down in June
Shipments of iron ore on the Great Lakes totaled 5.4 million tons in June, a decrease of 5.4 percent from 2023, according to the Lake Carriers’ Association. Year-to-date the iron... Read More
QSL is Analyzing a Solution to Optimize Cargo Transhipment
QSL is focusing on establishing an efficient, green, resilient and better-integrated supply chain in Quebec and Quebec City. As part of this effort, QSL is considering the redevelopment of its... Read More