Lakes iron ore trade strong again in OctoberNov 13, 2017 09:53 AM
A 13.3 percent increase at U.S. ports easily offsets a decline at Canadian terminals
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 5.9 million tons in October, an increase of 10.5 percent compared to a year ago. Shipments also bettered the month’s five-year average by 6.8 percent.
Shipments from U.S. ports totaled 5.5 million tons in October, an increase of 13.3 percent compared to a year ago. However, loadings at Canadian terminals in the Seaway decreased by 18.2 percent to 395,000 tons.
Year to date, the iron ore trade stands at 49.2 million tons, an increase of 13.3 percent compared to the same point in 2016. Year over year, loadings at U.S. ports total 45.5 million tons, an increase of 16.3 percent. Shipments from Canadian ports in the St. Lawrence Seaway total 3.7 million tons, a decrease of 13.7 percent.
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.Edit Module