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).
 


Bulk Carrier Trends

Fednav's New Bulker Features High-tech BWT System

Fednav Limited,  an  international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing

Baltic Exchange Board Backs SGX Bid

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd , a deal that will give SGX access to a trading platform for the multi-billion

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Ports

Big Tankers' Need for Retrofit Slows Use of New Panama Canal

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected

Tough Twins: New Fireboats for Port of Long Beach

Canada based naval architect and marine engineering firm Robert Allan Ltd. is a leading designer of high-performance response vessels of many types and in particular,

Portland Auto Exports Drive ConnectOregon Grant

The Oregon Department of Transportation has awarded a ConnectOregon grant of $2.6 million to the Port of Portland along with tenant Auto Warehousing Co. to fund

Great Lakes

Fednav's New Bulker Features High-tech BWT System

Fednav Limited,  an  international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing

Great Lakes Shipyard Lays Keel for 10 Damen Tugs

A keel-laying ceremony was held on August 10 at Great Lakes Shipyard in Cleveland, Ohio for 10 Damen Stan Tugs 1907 ICE. The new Ice Class vessels will be the first

St. Lawrence Seaway Traffic Sluggish in July

“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11 percent,” said Betty Sutton, Administrator of the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics 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: 0.1593 sec (6 req/sec)