GLIN==> U.S.-Flag Cargos on Great Lakes Dip Again in July

U.S.-Flag vessels hauled 7.5 million net tons of dry-bulk cargo on the
Great Lakes in July, a decrease of 37 percent compared to both a year
ago and the month's 5-year average.

 

While shipments of most commodities declined, there were perhaps some
hints of recovery.  Both the iron ore and limestone totals were the
highest recorded for any month this year.

 

July also saw the most U.S.-Flag lakers in service at any point this
year.  As the month came to an end, 53 hulls were in service.  The
previous peak was 49 vessels on June 1.

 

U.S.-Flag lakers continued to struggle with inadequate water depth in
ports and channels.  The month's largest cargo - 68,363 tons of iron ore
- was still almost 4,000 tons below what the largest vessels can carry
when high water levels offset the system-wide lack of dredging.  That
cargo was also the exception; most loads in 1,000-footers were 65,000
tons or so.

 

For the year, U.S.-Flag carriage stands at 28.4 million tons, a decrease
of approximately 45 percent compared to both a year ago and the 5-year
average for the January-July timeframe.  Another way to illustrate the
impacts of the recession is the fact that the fleet's iron ore total of
a year ago - 25.8 million tons - is almost as much as the fleet's total
for all cargo through this July.

 

See attached for more details.

 

Glen G. Nekvasil

Vice President-Corporate Communications

Lake Carriers' Association

Suite 720

20325 Center Ridge Road

Rocky River, OH  44116

   P:  440-333-9996

   F:  440-333-9993

   C:  216-702-6360

   E:  nekvasil at lcaships.com

 




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