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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

Six-Month High for Service Reliability

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Essberger Fleet Moves to Marlink’s Sealink VSAT Service

The Hamburg headquartered John T. Essberger (JTE) Group will migrate the primary communication systems of its entire fleet to Sealink, Marlink’s global maritime broadband VSAT service.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0608 sec (16 req/sec)