Mainstay Maritime to sell Canadian Lower Lakes arm and six ships to Algoma

America’s Mainstay Maritime has agreed to sell its three Canadian operating companies and six Canadian‑flagged vessels to Algoma Central Corporation. The deal transfers Lower Lakes Towing and associated entities along with the Kaministiqua, Manitoulin, Robert S. Pierson, Saginaw, Michipicoten and Valo to Algoma, subject to customary closing conditions. Mainstay, formerly Rand Logistics, operates a large …

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