U.S.-Flag Fleet Moves Less Cargo

Friday, November 12, 1999
Reduced demand for domestically-made steel and uneven demand for stone from the construction industry again produced a shortfall in U.S.-Flag carriage on the Great Lakes in August. Cargo movement in U.S. bottoms totaled 12,761,930 net tons, a decrease of 8.3 percent. The season-long slump has now left a gap of 6.2 million tons between the end-of-August totals in 1999 and 1998. Steel mill-bound iron ore cargo slipped below six million tons in August, as several ore carriers were withdrawn from service. For the season, the U.S.-Flag ore float stands at 33.2 million tons, a decrease of 10.9 percent. Coal loadings in U.S.-Flag lakers increased slightly in August, but the season-to-date total remains slightly behind last year's pace. The steel- and construction-related slump in stone loadings showed no signs of ending in August; the month's total represents a decrease of 6.2 percent compared to the corresponding period last year. Since the resumption of stone loadings in late March, U.S-Flag cargoes have declined by 11.7 percent.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

Salamander Energy Updates on SONA Transaction

Salamander Energy said it has submitted a draft shareholder circular to the Financial Conduct Authority in relation to previously stated plans to divest of an interest in the Greater Bualuang Area.

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1535 sec (7 req/sec)