U.S.-Flag Cargos on Lakes Quadruple in March
With America’s steel industry on the mend, U.S.-flag lakers charged back to work in March. The fleet hauled 2,551,166 tons of cargo, more than four times the volume moved a year ago when the nation’s economic pulse was weak.
Coal loadings showed a marked improvement over a year ago, increasing almost six-fold.
Another factor in the March upturn was the sterling performance of the U.S. Coast Guard’s icebreaking resources. All eight vessels stationed on the Great Lakes aided in the resumption of navigation. The U.S. Coast Guard also transferred an East Coast icebreaker, the Penobscot Bay, to the Lakes for the ice season, and that vessel was actively engaged in facilitating commerce in March.
Canada’s two icebreakers also made significant contributions to the flow of vital cargos in March.
The importance of both Coast Guards’ icebreaking missions cannot be overstated. Although some freighters have ice-strengthened hulls, icebreakers must open and maintain the shipping lanes. In a strong economy, 15 to 20 percent of all Lakes commerce can move during the December 16 – April 15 ice season.
The 32 U.S.-flag lakers in service on April 1 is another indication of a strengthening economy. Only 17 U.S. hulls were in operation a year ago, and a 1,000-ft-long vessel would be forced to lay-up after carrying only four cargos and remain idle until September.
Through March U.S.-flag cargos total 4.9 million tons, more than triple the amount floated a year ago. However, shipments are 15 percent off the 5-year average for the January-March timeframe.