Boatnerd Discussion Forum

Lower lakes acquired 330 million in debt during their expansion, they were salvaged from bankruptcy over 15 years ago by rand acquisitions. The Michipicoten failure was not caused by one load, it was caused by decades of aggressive loading and inadequate repair. Vessels deteriorate over their ...

I hear algoma, mckeil, and csl are buying lower lakes assets, contracts and 2 vessels.

Rumour is, lower lakes is being sold.Has anyone heard?

Rand did not renew the Algoma contract in 2025, good timing on their part.

RAND did not renew the contact in 2025. Algoma has been running ore into Algoma all season. Good timing on Rands part, a little positivity to a difficult few years. Algoma produces high quality military steel, no doubt it is missed on the world steel market. Ripple effects will play out in the ...

cleaning her ballast tanks for dry docking is the rumour.

Leroy Pero in st catherines.