Algoma Central’s global short-sea shipping segment saw higher profit for the second quarter, thanks to a strong mini-dry bulk market.

The division, which owns 18 bulkers under 15,000 dwt and shares interests in 18 cement carriers under 15,000 dwt with Luxembourg-based Nova Marine Carriers, earned CAD 5.16m ($3.86m) during the quarter.

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That compares with CAD 9.45m