Seaway Cargo Shipments Up 3%

Press Release
Thursday, December 20, 2012

Continued demand for iron ore, coal, and general cargo for the industrial and manufacturing sectors lifted the tonnage numbers along the Great Lakes-Seaway System to the positive column.  For the period March 22 to November 30, year-to-date total cargo shipments were 34.6 million metric tons, a rise of 2.67 percent over the same period in 2011. The St. Lawrence Seaway reported an 11 percent increase for total cargo shipments during the month of November – 5.1 million metric tons – compared to November 2011.


“The nearly 3 percent rise in overall tonnage handled through the Seaway in 2012 is due in part to the proven formula of ‘steel in, grain out’ as steel imports rose 12 percent in November as compared to the same month last year, and combined Canadian-U.S. grain export figure totals continue to improve, though still behind (-4%) last year’s pace,” said Rebecca Spruill, Saint Lawrence Seaway Development Corporation Director of Trade Development. “Shippers and port-terminal personnel are working hard to move wheat, soybeans and corn exports to lower Laurentian ports or foreign destinations before the Seaway locks close out the waterway’s final days.”


Jonathan Daniels, executive director of the Port of Oswego said: “The first seven months of the fiscal year surpassed the highest revenues in the port authority’s history. We are continuing to push hard to the end of the shipping season, with aluminum as our leading cargo shipment.”



Daniels also noted: “Even with the drought in northern Pennsylvania, harvest yields per acre of soy beans and corn were higher than anticipated. This forced the port authority to take on an additional 179,000 sq. ft. storage space outside the port complex to accommodate the overflow of agricultural shipments.”



At the other end of the Great Lakes-Seaway System, the Port of Duluth-Superior has handled nearly 33 million tons of cargo to date, with iron ore the strongest payload throughout this shipping season. “In addition to U.S.-flag vessels serving domestic markets, the Canadian lakers have played an important role in moving commodities like iron ore and low-sulphur coal to Canadian ports for transshipment to global markets,” said Adolph Ojard, executive director, Duluth Seaway Port Authority.


“The Port of Cleveland experienced a third straight year of growth in its international cargo trade, mainly due to increased demand for steel in the region,” said David Gutheil, vice president of maritime and logistics.  “In addition, two major shipments of steel billets were handled through the Port in 2012 – the first on a charter vessel from Brazil, and the second as a shipment for export to Mexico that originated at a steel company in northeast Ohio. The Port also activated our first Foreign Trade Zone client since 2006, in partnership with NEOTEC, with whom we signed an agreement early in 2012 to administer FTZ #40 and assist the Port with marketing of the FTZ.”


Brisk end of season grain shipments boosted grain tonnage through November to over one million tons at the Port of Toledo.  This represents a 42 percent increase over the same period in 2011.  In addition, general cargo numbers are up at the Port of Toledo surpassing the 2009, 2010 and 2011 seasons.  This increase of 38 percent over 2011 is mainly due to an increase in aluminum tonnage from Canada.  The shipments are received via barge at Midwest Terminals and then traded on the London Metal Exchange or New York Mercantile Exchange and eventually shipped to manufacturers in the automotive industry.  


“While overall tonnage is down, the 2012 season had its share of bright spots,” said Joe Cappel, Director of Cargo Development at the Port. “We continue to improve upon our vessel discharge rates with the use of our new material handling equipment and at the same time we are constructing new facilities that will enable our Port to accommodate additional tonnage in support of a wide range of growing industries in the region.”



U.S. grain shipments through the Seaway posted a 48 percent increase for the month of November. Year-to-date U.S. grain shipments were down 20 percent to 1.2 million metric tons. Year-to-date total grain shipments were down four percent to 7.3 million metric tons.



Year-to-date figures for iron ore were up 15 percent to 9.4 million metric tons. Year-to-date coal shipments rose to 4.2 million metric tons – a 25 percent hike over 2011. Salt shipments, a brisk commodity throughout the year, were 2.3 million metric tons year-to-date, up 1.2 percent. The General Cargo category which includes iron, steel, aluminum ingots, as well as heavy machinery and wind turbine equipment, reached 1.9 million metric tons, up 12 percent year-to-date.

 

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

Finance

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Great Lakes

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Channel Closure for Dead Ship Tow

There will be a dead ship tow of the Dive Support Vessel UNCLE JOHN from the Mobile Sea Buoy to BAE Shipyard starting at approximately 0600 today. The 253 feet long,

Video: Coastguards Continue Great Lakes Icebreaking

Continued icebreaking operations from the U.S. and Canadian Coast Guards open maritime lanes for commercial vessels The U.S. and Canadian Coast Guards are

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.4990 sec (2 req/sec)