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.
New Eco-Friendly Cement Carrier Being Built for Great Lakes Service
A new state-of-the-art mechanical/pneumatic cement ship designed to service the Great Lakes is under construction. Eureka Shipping, jointly owned by SMT Shipping and The CSL Group, will operate the new... Read More
New Poe Lock Arrestor Arm is Largest U.S. Civil Works Component Produced by 3D Printer
The largest U.S. civil works component produced by 3D printer has been installed on the Soo Locks in Sault Ste. Marie, Michigan. In early March, the U.S. Army Corps of... Read More