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

People & Company News

ConocoPhillips Weighs Sale of North Sea Assets in Norway

ConocoPhillips Inc is weighing sale of some of its North Sea assets in Norway which may fetch as much as $1 billion, Bloomberg reported, citing sources familiar with the matter.

FMC Chairman Addresses PEMA Ports Program

U.S. Federal Maritime Commission (FMC) Chairman Mario Cordero addressed the Professional Environmental Management Association (PEMA) at its Annual Ports Program held in Seal Beach, California.

Gulf Oil Spill Restoration Projects Proposed

Deepwater Horizon trustees announce agreement in principle for 10 Gulf early restoration projects   The trustees and BP have identified approximately $134 million

News

ConocoPhillips Weighs Sale of North Sea Assets in Norway

ConocoPhillips Inc is weighing sale of some of its North Sea assets in Norway which may fetch as much as $1 billion, Bloomberg reported, citing sources familiar with the matter.

FMC Chairman Addresses PEMA Ports Program

U.S. Federal Maritime Commission (FMC) Chairman Mario Cordero addressed the Professional Environmental Management Association (PEMA) at its Annual Ports Program held in Seal Beach, California.

UN Security Council Concerned by Mediterranean Migrant Smuggling

The United Nations Security Council expressed grave concern on Tuesday at the growth in people smuggling in the Mediterranean Sea and deplored Sunday's deadly shipwreck

Logistics

Logistics and Warehouse Insurance: Understanding its Complexity

In October 2013, a fire blazed through Brazil’s Santos port, destroying six warehouses and the 180,000 tons of raw sugar inside Sugar Company Copersucar’s terminal.

White House Says US Ship Near Yemen to Ensure Commerce

The White House said on Tuesday that the presence of a U.S. aircraft carrier near Yemen is intended to ensure freedom of navigation and commerce in the area.   White

US Ports Boost Economic Impacts

Since last nationwide analysis in 2007, U.S. seaport contributions to economy up dramatically    Lancaster, Pa.-based Martin Associates, a provider of economic

Great Lakes

Response to Grounded Bulker Ongoing

UPDATE: U.S. Coast Guard responding to vessel aground in St. Lawrence Seaway   The U.S. Coast Guard reports it is continuing its response Tuesday to a 621-foot

Simulation & Ice Navigation Training

In a anticipation of the growing need for deck officers and masters experienced in operating in ice covered waters and as evidenced by the relatively rapid increase

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1852 sec (5 req/sec)