U.S.-Flag Lakes

Friday, November 12, 1999
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. Since the resumption of navigation in early March, U.S.-Flag ore cargoes stand at 27,357,063 net tons, a decrease of 10.5 percent. Coal shipments in U.S.-Flag lakers declined slightly from a year ago. For the season, U.S.-Flag coal loadings are down by 95,000 tons. The U.S-Flag stone trade almost pulled even with a year ago; the July fall-off is perhaps just five boatloads, but for the season, loadings are down by nearly two million tons. July began with 60 of the 69 U.S.-Flag lakers in service, a decrease of five hulls compared to a year ago. During August, one of the idled vessels returned to service to resume grain deliveries, but reduced demand for iron ore required four other vessels to enter short-term lay-up.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Sonar Winch
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: 0.0883 sec (11 req/sec)