Great Lakes Iron Ore Trade Up Almost 10% in October

Marinelink.com
Wednesday, November 06, 2013

Shipments of iron ore on the Great Lakes totaled 6 million tons in October, an increase of 9.6% compared to a year ago. The October ore float was also 8.8% ahead of the month’s five-year average, but trailed September by about 3%.

Shipments from U.S. ports totaled 5.3 million tons, an increase of almost 16% compared to a year ago. The October total included 183,000 tons shipped to Québec City for loading into oceangoing vessels and delivery overseas. Year-to-date overseas exports from U.S. Great Lakes ports total 2,516,000 tons. Through October of last year, overseas exports from U.S. ports totaled 3,470,000 tons.

Shipments from Canadian ports to Great Lakes destinations totaled 659,000 tons in October, a decrease of nearly 31% compared to a year ago.

Year-to-date, the Lakes iron ore trade stands at 47.6 million tons, a decrease of 4.8% compared to a year ago. Loadings are 2.8% below the long-term average for the January-October timeframe.

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.
 

Maritime Today


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

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

People & Company News

FSL Trust Divests Two Containerships

FSL Trust Management Pte. Ltd., as the trustee-manager of First Ship Lease Trus, announced that the Trust has completed the disposal of Ever Radiant and Ever Respect

Sill Reinforcements Complete in New Panama Canal Locks

The Panama Canal Authority (ACP) announced that sill reinforcements in the new locks have been completed this week, bringing the Panama Canal Expansion closer to inauguration.

SUNY Maritime Among Top Schools for Career Placement

The Princeton Review’s annual college rankings place State University of New York Maritime College among the top 10 in the nation for career placement after graduation.

Bulk Carrier Trends

Baltic Index Records New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight

Dry-Bulk Shipping: Hitting the Bottom

Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei.

Diana Shipping to Acquire Three Panamax Ships

Diana Shipping Inc. has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels

News

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

Logistics

Baltic Index Records New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

Asia-Europe Box Rates Down 8 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 8.1 percent to $431 per 20-foot container (TEU) in the week ended on Friday,

Great Lakes

Near-Record Volume for Burns Harbor Port

The Port of Indiana-Burns Harbor handled 2.8 million tons of cargo in 2015, the second highest tonnage in over two decades. Following 2014's all-time record volume,

US-flag Great Lakes Cargos Down in January

U.S.-flag Great Lakes freighters carried 2.3 million tons of dry-bulk cargo on the Great Lakes in January, a decrease of 23 percent compared to a year ago, according

US, Canada Partner to Break Ice on Lower Great Lakes

 U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes.   Operation Coal Shovel

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1227 sec (8 req/sec)