Great Lakes-Seaway iron ore trade up 16 percent in June

The following is the text of a news release from the Lake Carriers' Association:

(CLEVELAND) — Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.7 million tons in June, an increase of 16 percent compared to a year ago. Shipments also bettered the month’s five-year average by 8 percent.

Shipments from U.S. Great Lakes ports totaled 6 million tons in June, an increase of 15 percent compared to a year ago. Loadings at Canadian terminals in the Seaway totaled 698,000 tons, an increase of nearly 25 percent.

Year to date, the iron ore trade stands at 23.7 million tons, an increase of nearly 12 percent compared to the same point in 2016. Year over year, loadings at U.S. ports total 21.45 million tons, an increase of 12.4 percent. Shipments from Canadian ports in the St. Lawrence Seaway have risen 6.5 percent to 2.3 million tons.

The Lake Carriers’ Association represents 13 American companies that operate 49 U.S.-flag vessels on the Great Lakes and 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 sand, grain and other dry-bulk cargoes. Collectively, these vessels can transport more than 100 million tons of cargo per year. More information is available at www.lcaships.com.

By Professional Mariner Staff