U.S.-Flag Lakes Float Down

Press Release
Thursday, September 13, 2012

U.S.-Flag Lakes Float Down 8.6 Percent in August.


U.S.-Flag Great Lakes freighters (“lakers”) carried 9.5 million tons of dry-bulk cargo in August, a decrease of 10.1 percent compared to July, and 8.6 percent less than the volume recorded a year ago. The August float was also 7 percent below the month’s 5-year average. Iron ore cargos for the steel industry in August totaled 4.5 million tons, a decrease of 5.2 percent compared to a year ago.  Coal cargos fell to 1.7 million tons, or almost 20 percent compared to August 2011.  

Aggregate and fluxstone for construction and steelmaking slipped to 2.7 million tons, a drop of 6 percent.

Through August U.S.-flag cargos stand at 54,352,509 tons, a slight decrease compared to the same point in 2011, and a marginal increase compared to the 5-year average for the January-August timeframe.  Iron ore cargos are down by 1.9 percent.  Coal has slipped by more than 18 percent, but limestone cargos are up by nearly 15 percent, or 1.8 million 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.  
 

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

Bulk Carrier Trends

G E Shipping Takes Delivery of Bulker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel was ordered

Goldenport Bleeds in Red

Goldenport Holdings Inc reported a net loss of USD14.7 million in the first six months of 2015, significantly wider than the USD1.4 million net loss a year earlier

Strong Returns for Sovcomflot

Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months.

Great Lakes

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

US Ocean Economy Sees Large Growth -NOAA

In 2012, U.S. ocean and Great Lakes economy grew much faster than overall GDP   The U.S. ocean economy outpaced the domestic economy between 2011 and 2012, with

Search Suspended for Overboard Freighter Crewman

The search for a man who reportedly jumped overboard from a freighter near Big Sable Point in Lake Michigan early Sunday morning has been suspended, the U.S. Coast Guard reported.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.4364 sec (2 req/sec)