U.S.-Flag Lakes Float Down 5.1 Percent in July

LCA press release
Monday, August 20, 2012
Photo: A Great Lakes stone carrier (courtesy LCA)

U.S.-flag Great Lakes freighters (“lakers”) carried 10.5 million tons of dry-bulk cargo in July, an increase of 6.6 percent compared to June, but a decrease of 5.1 percent compared to a year ago. 

 

The July float was, however, just marginally below the month’s 5-year average. Iron ore cargos for the steel industry in July totaled 4.3 million tons, a decrease of nearly 18 percent compared to a year ago.  Coal cargos fell by almost 23 percent. Aggregate and fluxstone for construction and steelmaking rose more than 35 percent to 3,840,596 tons.  That is the fleet’s highest monthly total for limestone since August 2008 when the trade totaled 3,497,364 tons.

Through July U.S.-flag cargos stand at 44.9 million tons, a slight increase compared to the same point in 2011, but 2.4 percent ahead of the 5-year average for the January-July timeframe.  Iron ore cargos are down by 300,000 tons.  Coal has slipped by nearly 18 percent, but limestone cargos are up by 21 percent, or nearly 2,000,000 tons.

 

Lake Carriers’ Association represents 17 American companies that operate 57 U.S.-flag vessels on the Great Lakes that 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.  More information is available at www.lcaships.com.  Contact: Glen G. Nekvasil, Vice President (440-333-9996).
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Freeport Says Indonesia Exports Could Resume Soon

Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

Ports

Panama Canal to Celebrate 100 Years

To commemorate its centennial, the Panama Canal will host a series of events August 14-15 in Panama City to highlight the impact of the waterway during the past century.

AIS Data for Emissions Reduction

With emissions reduction firmly on the industry’s agenda, studies show that carrying out ship emission calculations, based on AIS data, can offer significant benefits.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar Winch
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: 0.1491 sec (7 req/sec)