Mainstay Maritime Sells Canadian Fleet to Algoma in Surprise Deal
Mainstay Maritime's surprise sale of its entire Canadian fleet to Algoma Central could create a 70% market share monopoly on the Great Lakes.
A Deal That Came Out of Absolutely Nowhere
In a transaction that caught virtually the entire Great Lakes and Canadian maritime community completely off guard, Mainstay Maritime has agreed to sell its entire Canadian domestic fleet to Algoma Central Corporation, the venerable Sault Ste. Marie-based shipping company that already dominates the Canadian fres…
