Reduced Ore Float on Lakes

Tuesday, December 16, 2008

With the nation’s steel mills cutting production and banking blast furnaces, iron ore shipments on the Great Lakes fell significantly in November. The trade totaled 4.9 million net tons, a decrease of 11 percent compared to both a year ago and November’s 5-year average. Shipments will erode even further in December. Since mid-November, 10 U.S.-Flag lakers have laid up early, including a 1,000-footer that is dedicated to the iron ore trade. In total, 12 U.S.-Flag lakers have been withdrawn from service, and at least two others are slated to end their seasons in the next few days.

The crisis in steel came on quickly. As a result, for the year, the Great Lakes iron ore trade remains ahead of last year’s pace. Shipments through November stand at 56.2 million net tons, an increase of 6.4 percent compared to a year ago. The trade is 5.9 percent ahead of the 5-year average for the January-November timeframe.

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

Bulk Carrier Trends

DNV GL Examines Container and Bulk Shipping Trends

DNV GL’s latest Container Ship Forum and Bulk Carrier Forum looked at a broad spectrum of topics including environmental regulations, trends in ship design as well as the new DNV GL rule set.

Ferus Smit to Launch Newbuild Bulk Carrier

Ferus Smit will launch newbuild general bulk cargo vessel Arklow Brave on Friday, December 12, in Westerbroek.   Arklow Brave is the fifth vessel in a series

India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
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: 0.0885 sec (11 req/sec)