Lakes Coal Surges in November

Monday, December 15, 2008

Coal shipments on the Great Lakes totaled 4.1 million net tons in November, an increase of 21 percent compared to a year ago. Shipments were also up nearly 7 compared to the month’s 5-year average. Shipments of low-sulfur coal from Superior Midwest Energy Terminal in Superior, Wisconsin, accounted for most of the increase.

Nonetheless, the dredging crisis continued to hamper shipments. Not one coal cargo topped65,000 tons in November, and many were in the 63,000-ton range. If the Great Lakes were dredged to allow for full loads, some vessels would be carrying as much as 71,000 tons each trip, but the U.S. Army Corps of Engineers estimates it needs to remove 17 million cubic yards of sediment system-wide before vessels can utilize 100 percent of their rated capacity. Restoring the Great Lakes navigation system to project dimensions will require more than $200 million from the Harbor Maintenance Trust Fund. The Fund has a surplus of nearly $5 billion, but recent Administrations have not spent the tax-generated Fund for its intended purpose, maintaining the nation’s deep-draft ports and waterways.

For the year, the Great Lakes coal trade stands at 36.1 million tons, an increase of 4.3 percent compared to a year ago. Year-to-date, however, the trade is slightly off its 5-year average.

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack.   Muto reported, "I am sad to report that our business performance fell short,

Radio Holland Wins Ahrenkiel Contract

Ahrenkiel Steamship GmbH & Co. KG and Radio Holland Germany GmbH, part of Imtech Marine, have agreed a long-term maintenance agreement for the entire Ahrenkiel Steamship fleet,

Shipping Confidence Hits 2.5 Year Low

Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction 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: 0.1503 sec (7 req/sec)