Great Lakes Ore Trade Up 13 Percent in November (12/20)

 

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The Lake Carriers' Association (LCA) issued the following release on December 20.

 

Great Lakes/Seaway Iron Ore Trade Up 13 Percent in November

 

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.5 million tons in November, an increase of 13 percent compared to a year ago. Shipments were also slightly ahead of the month’s 5-year average.


Shipments from U.S. Great Lakes ports totaled 5 million tons in November, an increase of 19.5 percent. However, loadings at Canadian terminals in the Seaway fell nearly 26 percent to just 530,000 tons.


Year-to-date the iron ore trade stands at 48.9 million tons, a slight decrease compared to the same point in 2015. Year-over-year, loadings at U.S. ports total 44.1 million tons, an increase of 3.2 percent, but shipments from Canadian ports in the St. Lawrence Seaway have slipped to 4.8 million tons, a decrease of nearly 27 percent.


Lake Carriers’ Association represents 14 American companies that operate 56 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 salt, sand and grain. Collectively, these vessels can transport more than 100 million tons of cargo per year. More information is available at www.lcaships.com.

 

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