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 In total, 12 U.S.-Flag lakers have been withdrawn from service, and at least two others are slated to end their seasons in the next few days.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 Today


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

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

Bulk Carrier Trends

Maersk Line Reroutes Asia

US East Coast service through the Panama Canal to improve transit times significantly!   Maersk Line will transform its TP12 service in to a standalone, around-the-world

Safe Bulkers to Amend Loan Pact with RBS

Safe Bulkers, Inc., an international provider of marine drybulk transportation services,  has agreed with the Royal Bank of Scotland plc (RBS) to amend certain

Baltic Index Falls for Third Straight Day

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight day on Thursday due to weaker rates for larger vessels.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Sonar Winch
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: 0.0590 sec (17 req/sec)