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Ore Trade

Great Lakes Iron Ore Trade Up 8%

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Iron ore shipments on the Great Lakes totaled 6.5 million net tons in September, an increase of 8.2 percent compared to a year ago. The trade also outperformed the month’s 5-year average by nearly 9 percent. Despite the increases, the iron ore trade continued to struggle with the inefficiencies inherent with lack of adequate dredging. The largest iron ore cargo in September – 66,761 net tons – still represented only 92 percent of the record cargo carried in 1997, a period when water levels allowed for near full loads. For the year, the iron ore trade stands at 45.6 million net tons, an increase of 9.8 percent compared to a year ago. Shipments also are ahead of the 5-year average for the first three quarters by nearly the same margin. (www.lcaships.com)


Great Lakes Ore Trade Down 11.3% in March

Shipments of iron ore on the Great Lakes totaled 1.9 million tons in March, a decrease of 11.3% from a year ago. Loadings were 9.3% ahead of the month’s five-year average, however. Shipments from U.S. ports totaled 1.8 million tons, a decrease of 9.7% compared to a year ago. The March total included 116,000 tons shipped to Quebec City for loading into oceangoing vessels and delivery overseas. Shipments from Canadian ports totaled 113,000 tons


LCA: Great Lakes Iron Ore Trade Up 9 Percent in August

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Iron ore shipments on the Great Lakes totaled 6,551,329 tons in August, a decrease of 7 percent from July, but an increase of 9 percent compared to a year ago. August loadings also were up 24.6 percent compared to the month’s 5-year average. Shipments from U.S. ports totaled 5.8 million tons, an increase of 14.2 percent compared to a year ago.  However, loadings at Canadian ports dipped more than 20 percent. Through August the iron ore trade stands at 36


Great Lakes Iron Ore Up 8 PCT in November

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Iron ore shipments on the Great Lakes totaled 5.8 million tons in November, an increase of 2 percent over October, and an increase of 8 percent compared to a year ago.   November loadings were also up about 8 percent compared to the month’s 5-year average. Shipments from U.S. ports totaled 5.2 million tons, an increase of 9 percent compared to a year ago.  Loadings at Canadian ports were virtually unchanged from a year ago. Through November the iron ore trade stands at 54


First Iron Ore Trade Using CargoDocs Electronic Bills of Lading

BHP Billiton, Royal Bank of Scotland, Westpac Banking Corporation, Cargill and Minerva Marine recently completed the first trade financed iron ore trade using ESS’s CargoDocs electronic bill of lading and eUCP Presentation solutions. CargoDocs was used on a shipment from Australia to China. In this trade the electronic bill of lading was drafted by BHP Billiton in Shanghai (eliminating the need for separate document instructions)


Great Lakes Iron Ore Trade Down 5.3% in 2013

Shipments of iron ore on the Great Lakes totaled 58.3 million tons in 2013, a decrease of 5.3 percent from 2012. While the trade had been slightly behind 2012’s pace through November, the gap grew significantly when an early and harsh start to winter limited shipments to 5.1 million tons in December, a decrease of 20 percent compared to a year ago. There were weather-related delays at loadings docks and vessels were either slowed by or beset in heavy ice.


U.S.-Flag Lakes

U.S-Flag cargo movement on the Great Lakes in July fell by 1.5 million tons compared to the same period last year, the largest decrease in recent memory. The season-long string of monthly decreases now amounts to a five-million ton shortfall compared to the same point in 1998. Iron ore cargoes loaded into U.S. bottoms in July totaled 5.9 million tons, a decrease of 18.2 percent. However, the season-to-date total for iron ore is directly tied to the continued unfair trade in steel


U.S. Flag Great Lakes Cargo Down in 2012

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U.S.-flag Great Lakes freighters carried 89.5 million tons of dry-bulk cargo in 2012, a decrease of 4.6 percent compared to 2011. The 2012 float was 1.5 percent off the five-year average for U.S.-flag lakers.   U.S.-flag lakers carried 45.2 million tons of iron ore in 2012, or 73.3 percent of the total volume of iron ore moved on the Great Lakes last year. The 45.2 million tons of iron ore carried by U.S.-flag lakers represented a decrease of 4.3 percent from 2011.  


China's Qingdao Port Probing Iron Ore Financing Fraud

China's Qingdao port said on Wednesday it is investigating whether iron ore warehouse receipts were fraudulently used multiple times to raise finance from different banks, Xinhua news agency reported. The probe is focussed on one trader with iron ore receipts, the Chinese news agency said. It follows a broad investigation earlier this year by Chinese authorities into the use of iron ore as collateral in financing deals.


India May Appeal Parts of WTO Steel Ruling

India said on Tuesday it may appeal against parts of a World Trade Organization ruling against countervailing U.S. duties on some of its steel exports, despite being partly vindicated in a trade dispute. States impose countervailing duties, or punitively high import tariffs, when they suspect another country of gaining an unfair trade advantage through subsidies. The WTO, ruling on the April 2012 case, said on Monday that the United States had acted wrongly in claiming some Indian


China Seeks to Build Shipping Railways in Brazil

Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking. Accords China will sign with Brazil when Xi meets with President Dilma Rousseff on


Response Firm Coordinates Indian Ocean Rower Rescue

Rescue of injured rowboat crew member: Image courtesy of K Line

Global Rescue, a crisis response firm providing medical, security, evacuation, and travel risk management services, says it has coordinated the rescue of a rower from the middle of the Indian Ocean after he sustained severe burns. Ocean Row Events (ORE) crew member Shane Usher was successfully


China, Brazil Close Plane, Finance, Infrastructure Deals

China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer. In a raft of energy, finance and industry accords signed before presidents Xi Jinping and


St. Lawrence Seaway June Cargo Upswing at U.S. Ports

Laker bulk carrier: Image credit AGLPA

U.S. ports throughout the Great Lakes uniformly saw increased tonnage in several cargo categories during the monthof June 2014, according to news excerpted from The American Great Lakes Ports Association (AGLPA). "Salt, chemicals, and steel all posted excellent tonnage numbers through June


Ice Damage Repairs Hurts Lakes Cargo Totals

With three of the largest U.S.-flag lakers out of service for a combined 65 days in May to repair damage suffered in the heavy ice in March and April, cargo movement in U.S. hulls fell nearly 5 percent compared to a year ago. Shipments totaled 9.6 million tons


Yangzijiang to Build Huge Ore Carriers for Australia

Hanjin Ami, Yangzijiang’s fourth 10,000TEU delivered June 16

Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC). The shipbuilding contract was secured from an Australia based ore company listed on the Australian


Nippon Steel May Transport Iron on Valemax Ships

5-Vale Beijing VLOC being loaded in Brazil. (Photo - Vale do Rio Doce)

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, may start talks on a contract to transport iron ore from Brazilian miner Vale on Valemax ships, the world's biggest bulk carriers, to cut costs, a senior official said. Such a contract would be a boost for Vale


Mother Nature Can’t End Dredging Crisis

There has been a lot of speculation of late that the gargantuan ice fields covering the Lakes this winter will, when they finally melt, raise water levels significantly and ships will carry more cargo each trip.  That is, frankly, very far from certain.


Brazil Soy Exports Fall, Sugar Rises

Brazil's exports of coffee, iron ore and soybeans eased in June while shipments of raw sugar picked up last month, monthly data from the trade ministry showed on Tuesday. Brazil exported 6.9 million tonnes of soybeans in June versus 7.6 million tonnes in May.


The Port of Halifax Becomes a Member of HHM

Photo courtesy of Port of Hamburg

The Port of Halifax has joined the Port of Hamburg Marketing organization (HHM) as its first member from North America. The universal ports of Halifax and Hamburg are linked by Transatlantic trade and the cruise business. With its internationally active marketing organisation


MMX Board Approves Lease, Possible Sale of Corumba Iron Ore Mine

Brazil's MMX said late Wednesday it approved the lease and possible sale of its Corumba, high-grade iron ore unit, part of efforts to raise cash and restructure the troubled mining company controlled by Brazilian tycoon Eike Batista. The Rio de Janeiro-based company


India's JSW Raises Iron Ore Imports

JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million metric tons of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home. JSW's return to the sea-borne iron ore market after a gap of


Lakes Iron Ore Trade Down 17% at Midyear

M/V Buffalo (Photo courtesy of American Steamship Company)

The Lake Carriers' Association reported that iron ore shipments on the Great Lakes total 19.2 million tons through the end of June, a 17 percent decrease from a year ago and the trade’s long-term average. Higher water levels have not been able to offset the interminable delays suffered


Lakes Water Levels Return, but Not Full Loads

photo courtesy of the Port of Cleveland

The rise in Great Lakes water levels has yet to translate into full loads for the U.S.-flag freighters moving iron ore, coal, limestone, cement and other cargos.  Vessels continue to routinely leave port with less than a full load on board.


US-flag Lakers’ Cargo Total Trails 2013 by 17%

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U.S.-flag cargo movement on the Great Lakes stands at 27 million tons through the end of June, a decrease of 17.4 percent compared to the same point in 2013.  The brutal winter of 2013/2014 is the overriding factor behind the decrease.  Vessels lost significant time due to the heavy ice






 
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