Great Lakes Iron Ore Trade Off 3.6 Percent

Press Release
Wednesday, November 21, 2012

Iron ore shipments on the Great Lakes totaled 5.5 million tons in October, a decrease of 6 percent compared to September, and 3.6 percent below the level of a year ago.  Shipments were, however, marginally ahead of October’s 5-year average.



Shipments from U.S. ports totaled 4.5 million tons, a decrease of 11.1 percent compared to a year ago.  Included in that total were 81,000 tons shipped to Québec City for final delivery overseas.  



Loadings at Canadian ports jumped more than 60 percent to 950,000 tons.
 


Through October the iron ore trade stands at 50 million tons, an increase of 2.5 percent compared to a year ago, and 14.6 percent better than the 5-year average for the January-October timeframe.



Shipments from U.S. ports are virtually tied with a year ago, and 14.6 percent ahead of their 5-year average.  Cargos destined for Quebec City for transshipment overseas total 3.5 million tons through October.



Loadings at Canadian ports are up 23.3 percent compared to a year ago, and 14.3 percent ahead of 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. 
 

Maritime Today


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

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

Bulk Carrier Trends

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

BIMCO: BDI Conducts the Demolition Activity

The Baltic Dry Index (BDI) ’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt. The

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

Ports

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Gender Identity Spat Sinks Spending Bill

The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending

Asia-N.Europe Box Freight Rates Soar 37 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday,

Logistics

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Great Lakes

Fednav (Belgium) N.V. Celebrates its 50th Anniversary

Shortly after the inauguration of the Saint Lawrence Seaway in 1959, and the growth of grain exports that followed, bulk shipper Fednav realized that incoming steel

Returning to the Scene of the Shipwrecks

A participant in a diving field school last fall, graduate student Tori Kiefer is back to help a new set of students learn the joy of surveying shipwrecks.   Last fall,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0808 sec (12 req/sec)