Slight Increase in U.S.-Flag Carriage In November

Tuesday, December 17, 2002
U.S.-Flag lakers hauled 11 million tons of various dry-bulk cargos in November, a slight increase (1.8 percent) compared to last year. With now five straight months of increases, U.S.-Flag carriers have moved nearly 91 million tons of cargo and narrowed the gap between this and last year to 2.2 percent. Iron ore shipments in U.S. bottoms totaled 5 million tons in November, an increase of nearly 17 percent. However, as has been stated before, increases in the ore float are not as impressive as they seem. LTV Steel was in its death throes a year ago; ISG has relit most of LTV's blast furnaces with a resulting increase in demand for iron ore. For the season, U.S.-Flag iron ore cargos stand at 41.8 million tons, a decrease of 1.7 percent. Continued strong demand for western, low-sulfur coal pushed U.S.-Flag coal cargos to 2.7 million tons in November, an increase of 8.2 percent. The 19.7 million tons carried through November represent a slight increase over 2001's end-of-November total. Weather-related delays suffered by the small and mid-sized vessels in the stone trade caused loadings of that commodity in U.S.-Flag lakers to slip 15.8 percent to 2.8 million tons. For the season, this trade is down 2.7 percent and reflects the season-long sluggishness in the construction industry.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

CMA CGM, Chinese Bank in Finance Deal

French container shipping group CMA CGM said on Tuesday it will sign a $1 billion financing agreement with the Export-Import Bank of China. Marseilles-based

Bulk Carrier Trends

Shipping Confidence at 7-year Low -Survey

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years,

Hyundai Sees Mega Ships Leading Global Demand

As the demand for mega vessels has increased, Hyundai Heavy Industries Co. expects mega- sized container ships to lead global orders until early next year as shipping

Crisis Not Affected Greek Shipping: Morgan Stanley

Most the major Greek-controlled and listed carriers are registered in Greece, and they all have their liquidity placed in banks abroad.   Morgan Stanley analyst

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1328 sec (8 req/sec)