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

Bulk Carrier Trends

Egypt Buys 175,000mt of Russian Wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 175,000 metric tons of Russian wheat for shipment Sept.

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

MOL Ship Management Earns Energy/Enviromental Certifications

First company to receive ISO50001 certification from Nihon Kaiji Kyokai.   MOL Ship Management Co., Ltd. (MOLSHIP), a core ship management company in the corporate group headed by Mitsui O.

 
 
Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators 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)