Lakes Coal Trade Impacted by Weather in June

LCA
Tuesday, July 10, 2012

Shipments of coal on the Great Lakes totaled 2.6 million tons in June, a decrease of 9.7 percent compared to May, and a drop of nearly 13 percent compared to a year ago.

 

Some of the decrease was the result of a lengthy outage at the Lakes’ largest coal-shipping operation, Superior Midwest Energy Terminal in Superior, Wisconsin.  Flooding after a torrential storm forced shipments to cease on June 19.  The dock resumed loading on July 8. Overseas shipments continued in June. Coal shipped to Quebec City for reloading into oceangoing vessels totaled 246,000 tons.

 

Year-to-date the Lakes coal trade stands at 8.9 million tons, a decrease of 7.6 percent compared to a year ago.  However, for the first half of the year, loadings are nearly 28 percent behind their 5-year average. Lake Carriers’ Association represents 17 American companies that operate 57 U.S.-flag vessels on the Great Lakes and carry the raw materials that drive the nation’s economy: iron ore and fluxstone for the steel industry, aggregate and cement for the construction industry, coal for power generation, as well as salt, sand and grain.  Collectively, these vessels can transport more than 115 million tons of cargo per year.  Those cargos support more than 103,000 jobs with an average wage of $47,000.  More information is available at www.lcaships.com.  Contact: Glen Nekvasil, Vice President (440-333-9996).
 

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

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

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.

Ports

Panama Canal Launches Green Award System

The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage

Thyssenkrupp Involves in Panama Canal Expansion

Thyssenkrupp supplied 14 innovative elevators for expansion of the Panama Canal , seven for each new lock complex, one of which is on the Atlantic side and the other on the Pacific.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

News

Canadian Authorities seek to contain oil spill moving down river

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

ASEAN in Discord Ahead of Meeting with top China, U.S. Diplomats

Southeast Asian nations were thrown into disarray after Cambodia on Saturday blocked them from issuing a statement referring to an international court ruling against

Great Lakes

Great Lakes Dredging Awards Announced

Great Lakes Dredge & Dock Corporation announced that it was recently awarded four contracts with an approximate value of $93 million. Great Lakes received two

Great Lakes Ports Support Ballast Reforms

Directors of major commercial ports in the Great Lakes region called on Congress to end years of regulatory chaos surrounding ballast water management.    In a joint letter issued late yesterday,

U.S. Ports See Slower Beginning to Shipping Season

While U.S. ports have been busy, overall the beginning of the shipping season has been slower than anticipated.   “Although the overall cargo numbers remain down

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.1137 sec (9 req/sec)