Lakes Iron Ore Trade Down 17% at Midyear

Posted by Eric Haun
Wednesday, July 09, 2014
M/V Buffalo (Photo courtesy of American Steamship Company)

The Lake Carriers' Association reported that iron ore shipments on the Great Lakes total 19.2 million tons through the end of June, a 17 percent decrease from a year ago and the trade’s long-term average.

Higher water levels have not been able to offset the interminable delays suffered during the winter of 2013/2014.

Shipments from U.S. ports through the second quarter stand at 16.8 million tons, a decrease of nearly 19 percent compared to a year ago.  While several cargos in June topped 69,000 tons, even the best loads still represented a shortfall from the vessel’s rated capacity, and the month’s top load – 69,576 tons – was still 2,724 tons shy of the record through the Soo Locks: 72,300 tons.

Iron ore shipments from Canadian ports in the Seaway total 2.4 million tons through June, a slight decrease compared to a year ago.  The lack of shipments from Pointe Noire reflects the closure of Wabush Mines in eastern Canada.

lcaships.com
 

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

Bulk Carrier Trends

Can Shipping Lines Survive?

The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015,

Massive cargo ship runs aground in US

A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey.   According to the U.

Bulk Carrier Runs Aground in Delaware River (Link to Video)

Coast Guard Sector Delaware Bay is investigating a ship aground in the Delaware River near the Burlington Bristol Bridge, which connects Burlington, NJ and Bristol Township, PA.

Ports

Massive cargo ship runs aground in US

A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey.   According to the U.

Dubai to Expand LNG Terminal

The UAE is planning to expand the capacity of a liquefied natural gas (LNG) terminal in Dubai to help meet rising demand for electricity and water, the energy minister Suhail Al Mazrouei said.

Bulk Carrier Runs Aground in Delaware River (Link to Video)

Coast Guard Sector Delaware Bay is investigating a ship aground in the Delaware River near the Burlington Bristol Bridge, which connects Burlington, NJ and Bristol Township, PA.

News

Russian Trawler Sinks with 54 Dead

At least 54 people died when a Russian trawler sank off the Kamchatka Peninsula in Russia’s Far East, media reports say.    The Dalniy Vostok sank in the Sea of Okhotsk,

Navig8, Ocean Yield in Chemical Tanker Deal

Norway’s Ocean Yield has bought eight chemical tanker newbuildings for $306.8m from Navig8 Chemical Tankers Inc, which will lease the vessels back on 15-year   "hell and high" bareboat charters.

Northern Offshore Delays Deliveries for Two Jack-up Rigs

The Houston-based Rig player Northern Offshore has negotiated a nine month delay for the delivery of two high specification jack up rigs Energy Engager and Energy Encounter.

Logistics

Can Shipping Lines Survive?

The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015,

Massive cargo ship runs aground in US

A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey.   According to the U.

Dubai to Expand LNG Terminal

The UAE is planning to expand the capacity of a liquefied natural gas (LNG) terminal in Dubai to help meet rising demand for electricity and water, the energy minister Suhail Al Mazrouei said.

Great Lakes

Great Lakes Losing Ice

The Great Lakes Environmental Research Laboratory reports ice cover for all of the Great Lakes combined at around 52%, thanks to milder temperatures and gusty winds over the past several weeks.

Rand Logistics Announces Debt Refinancing

Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's

Soo Locks Open for Great Lakes Shipping Season

At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season.   The locks at Sault Ste.

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.1534 sec (7 req/sec)