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.