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

Bulk Carrier Trends

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

Asia Dry Bulk-Capesize Rates Could Climb

More coal cargoes, rising oil prices could support rates. Freight rates for large capesize dry cargo ships on key Asian routes are likely to rise next week on

Baltic Index Down on Lower Demand for Larger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday hurt by sluggish demand for large vessel sizes.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics 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: 0.0933 sec (11 req/sec)