Great Lakes Shipping Shows Signs of Recovery

Press Release
Tuesday, February 12, 2013

Overall U.S. maritime cargo volumes in the Great Lakes region are recovering from extreme lows experienced in 2009 finds a MARAD study.

The U.S. Department of Transportation’s Maritime Administration (MARAD) report 'Status of the U.S.-Flag Great Lakes Water Transportation Industry', finds that the U.S. Great Lakes maritime industry is generally healthy, providing efficient, safe and environmentally friendly transportation services.  It continues to be competitive with railways and trucks and, supported by responsible regulation and infrastructure maintenance, will remain an essential part of the regional and national economies.
 
“This study shows that the recovery happening in communities all across the country is also happening right here in the Great Lakes, with cargos rebounding from the low levels reached in 2009,” said U.S. Transportation Secretary LaHood.  “It confirms what we’ve long known – that the Great Lakes fleet provides efficient, safe and environmentally sound transportation services that remain competitive with other modes of freight transportation.”
 
The study describes a broad range of issues relevant to the current and future health of the U.S.-flag Great Lakes water transportation industry.  It provides information on U.S. vessels, ports, shipyards, cargo markets, emissions and ballast water regulations, dredging, regional planning, and other factors, with a focus on large dry bulk vessels, known as “Lakers.”  The study identifies and evaluates options to revitalize some U.S.-flag Lakers, particularly by repowering older vessels that still use steam engines with modern conventional diesel or LNG diesel engines.
 
The report notes that in 2009, the Great Lakes maritime industry suffered from a confluence of several challenging conditions, including a 33 percent drop in cargos attributable to the recession.  The moderate recovery in waterborne cargoes since that time, aided by the recovery of the automobile and steel industries, is providing support to the water transportation industry.  Iron ore, the single most important cargo for U.S.-flag Lakers, has almost fully recovered to pre-recession levels.  With the exception of coal, the major cargos of iron ore and limestone on the Great Lakes are projected to grow gradually with the economy over the next several years.  Coal cargos have not recovered since the recession.
 
“The Department of Transportation is committed to a strong future for the maritime industry, and the Great Lakes fleet is an extremely important part of that future,” said Maritime Administrator David Matsuda.  “This study helps the Agency and our industry partners better understand what we need to do to needed to keep Great Lakes shipping competitive and responsive to regional needs.”

Click here to read the MARAD study.
 

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

Legal

Israeli Dockworkers End Ports Strike

Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports.   Some 2,

US Orders Owner to Clean Up Ruptured Pipeline

Federal order ensures continued action on Santa Barbara County oil spill   The U.S. Environmental Protection Agency and the U.S. Coast Guard issued a joint federal

Suppression of Random Drug Test Results: A Bad and Unnecessary Decision

Last September, an Administrative Law Judge (ALJ) unsettled much of the U.S. maritime industry when he dismissed with prejudice a U.S. Coast Guard (USCG) action

News

Hyde Marine to Present on BWTS at Nor-Shipping

Company to Share Seamless Integration of Ballast Water Treatment System (BWTS); Experience in Retrofits for Small Footprint Installations at Nor-Shipping Maritime

Lamprell to Implement Software for Automated Manufacturing

U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes.

Israeli Dockworkers End Ports Strike

Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports.   Some 2,

Great Lakes

Port of Duluth Intermodal Project Underway

The U.S. Department of Transportation’s Maritime Administrator, Chip Jaenichen, today joined Senators Amy Klobuchar and Al Franken, Congressman Rick Nolan, Duluth Mayor Don Ness,

USACE Soo Lock Bulkheads Delivered

Moran Iron Works, Inc. (MIW) was contracted to fabricate, galvanize and deliver two bulkheads for the U.S. Army Corps of Engineers (USACE), Detroit District for

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Repair 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: 0.2261 sec (4 req/sec)