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Great Lakes Iron Ore Trade Down 40 Percent in August

Mike Schuler
Total Views: 17
September 23, 2020

Photo credit: American Maritime Partnership

Shipments of iron ore transported by the U.S.-flag Great Lakes fleet fell more than 40 percent last month compared to a year ago, according to new figures released by the Lake Carriers’ Association, which represents and tracks the U.S.-flag “Laker” fleet.

Shipments in August totaled just 3.6 million tons, a decrease of 40.3 percent compared to a year ago. Shipments were also below the month’s 5-year average by 37.9 percent.

Year-to-date the iron ore trade stands at 24.3 million tons, a decrease of 25.9 percent compared to the same point in 2019. Through August iron shipments are nearly 23.2 percent below their 5-year average for eight months of the year, the LCA said.

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