CLEVELAND—U.S.-flag Great Lakes freighters (“lakers”) carried 88.7 million tons of dry-bulk cargo in 2010, an increase of 33.4 percent over 2009. Shipments were, however, nearly 10 percent off the industry’s 5-year average, a fact that reinforces that the U.S. economy has yet to fully recover from the recession.
The largest increase came in iron ore cargos for the steel industry. Shipments in U.S. bottoms totaled 42 million tons, an increase of 75 percent compared to 2009. Again, however, the rebound has to be put in perspective. In 2009 iron ore shipments from ports fell to their lowest level since 1938.
Coal cargos carried in U.S.-flag hulls totaled 21.5 million tons, an increase of 4.1 percent compared to 2009, but fell short of the trade’s 5-year average by almost 13 percent.
Shipments of limestone (aggregate and fluxstone) totaled 20.4 million tons, an increase of 19.6 percent over 2009. However, the 2010 total was nearly 18 below the trade’s 5-year average.
Cement cargos slipped by about 80,000 tons. Salt loadings increased by 130,000 tons. Sand cargos dipped slightly, and grain loadings were a virtual repeat of 2009.
Lake Carriers’ Association represents 18 American companies that operate 55 U.S.-flag vessels on the Great Lakes that 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…. Collectively, these vessels can transport more than 115 million tons of cargo per year when high water offsets lack of adequate dredging.
SINGAPORE, April 24 (Reuters) – Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said....
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
April 19, 2024
Total Views: 2192
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.