U.S.-Flag Lakes Float Off a Third in September

Tuesday, October 13, 2009

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. The coal trade in U.S.-Flag lakers experienced one of its biggest drops of the season. The two million tons loaded represented a decrease of 24 percent. Shipments of low-sulfur coal from Superior, Wisconsin accounted for most of the fall-off. Several factors were at work: reduced demand from an Ontario power plant; vessels down for maintenance; and vessels being delayed by heavy weather at the end of the month.

For the year, U.S.-Flag carriage stands at 42.6 million tons, a decrease of 42.5 percent compared to a year ago. Compared to the five-year average for the first three quarters, loadings in U.S. bottoms are down 44.3 percent.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

Second Sailing Added to Cleveland-Europe Express

The Port of Cleveland and Amsterdam-based Spliethoff Group announced today their mutual intent to add a second monthly vessel to the Cleveland-Europe Express (CEE),

Ferus Smit Building LNG Powered Cement Carrier

The first unique LNG powered ship that Ferus Smit has on order for Erik Thun A.B. will be built and equipped as a dedicated cement carrier. The ship will be delivered to the joint venture JT cement,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Shipbuilding / Vessel Construction 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: 0.1397 sec (7 req/sec)