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Saturday, August 13, 2011

Dry-bulk cargo up 10.9 percent on US Great Lakes

Monday, 15 August 2011 |By steelorbis

The Lake Carriers' Association reported Friday that US-flag Great Lakes freighters carried 11.1 million tons of dry-bulk cargo in July, a 10.9 percent increase from June, and a 5.2 percent jump from July of last year.

Iron ore cargos for the steel industry were up 17 percent year-over-year, however coal shipments were down 11.4 percent. Aggregate and fluxstone for the construction and steel industries slipped 3.8 percent.

Through July US-flag cargos stand at 44.8 million tons, an increase of 3 percent compared to the same point in 2010. Iron ore has increased 9.6 percent, but coal and limestone are down by 5.1 percent and 4.6 percent respectively. Compared to the 5-year average for the first seven months of the year, US-flag cargos are down 2.1 percent.

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