Friday, 17 Jun 2011
The Lake Carriers Association reported that US flag Great Lakes freighters carried 9.5 million net tons of dry-bulk cargo is May up by 15.6% over April but down by 3.4% compared to May 2010.
Iron ore cargos were down 3.7% in May over May 2010 and coal for power generation and steel production remained virtually unchanged. For the first five months of 2011, US flag cargos stand at 23.6 million tons up by 5% over the same point in 2010. Iron ore and coal are up 6% and 10.3%YoY respectively and aggregate and flux stone for the construction and steel industries slipped by 8%.
Total iron ore shipments on the Great Lakes totalled 6.1 million tonnes May up by 6.5% over April but down 2.6%YoY. Shipments from US ports totalled 5,449,808 tonnes down by 2.9% over May 2010 and loadings at Canadian ports were little changed in May. Through May, the iron ore trade stands at 16.8 million tonnes an increase of 6.6%YoY.
(Sourced from SteelOrbis)
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