According to data compiled by the Lake Carriers’ Association, shipments of limestone on the Great Lakes totaled 27.6 million tons in 2013, an increase of 1.7% compared to 2012. The trade was, however, 4% below its long-term average. Shipments from U.S. ports totaled 23.9 million tons, an increase of 5.7% compared to 2012. That total is also the highest for U.S. ports since 2008. Shipments from Canadian ports totaled 3.7 million tons, a decrease of 18% compared to 2013. The stone trade was pretty well wrapped by mid-December. Shipments during the ice season that statistically began on December 16 totaled 313,000 tons, or 25% of the December float. The limestone trade does typically end sooner than iron ore and coal as much of the stone moving on the Lakes is washed prior to loading into vessels and hence susceptible to freezing as temperature plummet. lcaships.com
Shipments of limestone on the Great Lakes totaled 3.5 million tons in September, an increase of 6.2% compared to a year ago. The September total was, however, 4.9% below August’s tally. Shipments from U.S. ports totaled 3 million tons, an increase of 8.1% compared to a year ago. Loadings at Canadian quarries – 467,000 tons – dipped by the equivalent of one cargo in a 767-foot-long laker. Year-to-date the Lakes limestone trade stands at 19.9 million tons, a decrease of 2
Dry-bulk cargo movement on the Great Lakes totaled 162.3 million net tons in 2002, a decrease of 1.4 percent compared to 2001 and a drop of 6 percent compared to the 5-year average. Iron ore shipments totaled 58.9 million net tons in 2002, an increase of 5.8 percent compared to 2001, but a decrease of 9.2 percent compared to the 5-year average. North American raw steel production totaled an estimated 101.7 million tons in 2002, an increase of 2
Oglebay Norton Company announced that its wholly-owned subsidiary, Oglebay Norton Marine Services Company, LLC, has completed the sale of six of its nine remaining self-unloading freighters for $120 million to American Steamship Company, a wholly-owned subsidiary of GATX Corporation. Acquired were: M/V Oglebay Norton, M/V Columbia Star, S/S Armco, S/S Middletown, S/S Courtney Burton, and M/V Fred R. White. The Company is also
Shipments of coal on the Great Lakes totaled 2,956,930 net tons in August, a slight dip compared to July (131,000 tons), but a decrease of almost 25 percent (959,000 tons) compared to a year ago. Loadings at Lake Superior ports fell 26.7 percent compared to a year ago. Shipments from Lake Michigan terminals rose nearly 71 percent. Loadings at Lake Erie docks slipped 35.7 percent. Year-to-date, the coal trade stands at 15,656,348 tons, a decrease of 16
Shipments of limestone on the Great Lakes totaled 27,145,219 tons in 2012, a decrease of 3.6 percent compared to 2011. The trade was 7 percent below its 5-year average. Shipments from U.S. ports fell 2.4 percent when compared to 2011, and slightly more – 4.1 percent – when compared to their 5-year average. Loadings at Canadian quarries decreased 9 percent compared to 2011, and slipped almost 19 percent compared to their 5-year average.
Coal shipments on the in March totaled 1.6 million net tons, an increase of 27 percent compared to a year ago. The trade outperformed its 5-year average for March by 34 percent. Strong demand for coal loaded at ports destined for Canadian customers spurred the surge. Despite the increase, lightloading was rampant again. The largest coal cargo loaded in March totaled only 58,944 net tons. The cargo was carried by a 1,000-foot-long ship and vessels this size have carried nearly 71
Iron ore shipments on the Great Lakes totaled 5.7 million net tons in October, a slight decrease from both a year ago and the month’s 5-year average. Shipments from Canadian Seaway ports reacted much quicker to the downturn in steel production, falling some 32 percent from a year ago. U.S. ports actually outperformed a year ago, but shipments did start to fall off in the final week of October. For the year, the Great Lakes iron ore trade stands at 51
With America’s economy still not hitting on all cylinders, the U.S.-Flag Great Lakes fleet continued to struggle with slumping cargo demand in September. Shipments in U.S. bottoms totaled seven million net tons, a decrease of 36.2 percent compared to a year ago. Loadings were down 39 percent compared to the month’s 5-year average. The year-long slump in iron ore and limestone cargos continued in September. Loadings were off 57 percent and 15 percent respectively
U.S.-flag Great Lakes freighters (“lakers”) carried 10.1 million tons of dry-bulk cargo in September, a decrease of 2.7 percent compared to August, but an increase of 7.6 percent compared to a year ago. The September float was also virtually tied with the month’s 5-year average. Iron ore cargos for the steel industry increased 16.3 percent compared to a year ago. Limestone cargos for construction, steel production
South Sudan has awarded provisional licences to two companies for mineral exploration as it attempts to diversify the economy away from oil, a government official told Reuters on Tuesday. South Sudan is rich in gold and also probably has reserves of other minerals such as copper
When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas (LNG) trading operation to Singapore from Britain, it said the aim was to get closer to its customers. Analysts and consultants agreed that the growing importance of Japanese and Korean
Great Lakes Shipyard announced winter layup season is wrapping up at the yard after completing repair work on the following vessels: American Steamship Company’s M/V Sam Laud Grand River Navigation’s Manitowoc Interlake Steamship Company’s articulated tug-barge
A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just big merchants seek to fill a void being left by Wall Street banks.
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Further to the announcements made on 19 November 2013 and 14 January 2014, FSL Trust informs that its Board will request for resumption of trading of its units on SGX-ST. This announcement comes following the recent agreement reached with lenders regarding a relaxation of FSL Trust
Falmouth Coastguard has been assisting a cargo vessel which had six people on board and began sinking 12 miles east of the Lizard. The Sea Breeze is an 87m Barbados flagged cargo vessel with six crew onboard. It is carrying 2,750 tons of limestone and was bound for Shoreham at the time of the
Following three consecutive months of price rises, freight rates on the East-West trades declined in February, according to Drewry’s online Container Freight Rate Insight. Rates came under most pressure on the Asia-Europe trade, which weakened following a meteoric rise in the run-up to the
Reviewing the January 2014 trade figures, the UK Chamber's chief executive, Guy Platten, says the figures are a “further sign that, despite a more prosperous economic outlook, the UK’s recovery is imbalanced." In January 2014, the value of imports rose to £16
Today, United States Steel Corporation President and CEO Mario Longhi joined fellow steel industry executives and Leo Gerard, international president of the United Steelworkers, in pressing Congress to maintain America’s economic and national security by halting unfair trade practices and
California’s blue economy is a +$50 billion industry. Today, marine science and the blue economy directly affect various business and government sectors such as offshore oil and gas production, national defense, seafloor exploration, communications, agriculture production, renewable energy
Strategic European hub location offers fastest transits from France to U.S. Gulf. CaroTrans announced a new, weekly LCL export service from Le Havre, France to Houston which will commence April 5. This direct service shortens shipping time by 5-11 days for freight moving from France to the U.S