Marine Link
Thursday, September 29, 2016

Great Lakes Coal Trade Down in October

November 14, 2011

Shipments of coal on the Great Lakes totaled 3 million net tons in October, a decrease of nearly 11 percent compared to September, and a drop of 9.6 percent compared to a year ago.  The trade slumped even more – 20.7 percent – when compared to the 5-year average for October.

 

Loadings at Lake Superior ports fell to 1.5 million tons, a decrease of 21.6 percent compared to a year ago.  Shipments from Lake Michigan terminals rose 40 percent for the second straight month.  Loadings at Lake Erie docks were essentially on par with a year ago.

 

Year-to-date, the coal trade stands at 22.1 million tons, a decrease of 14.1 percent compared to a year ago, and even more, 25.4 percent, when compared to the 5-year average for the January-October timeframe.

 

Lake Carriers’ Association represents 17 American companies that operate 55 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....  Collectively, these vessels can transport more than 115 million tons of cargo per year when high water offsets lack of adequate dredging.  Those cargos support more than 103,000 jobs, each with an average wage of $47,000.  More information is available at www.lcaships.com.

 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News