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

Bulk Carrier Trends

DryShips: Public Offering of Its Senior Secured Notes

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1588 sec (6 req/sec)