GLIN==> U.S.-Flag Lakes Float off 37 Percent in June

The relentless recession again hammered the U.S.-Flag Great Lakes fleet
in June.  Cargo movement in U.S. bottoms totaled only 7.2 million net
tons, a decrease of 37 percent compared to a year ago.  

 

The biggest decrease came in iron ore cargos for the steel industry.
Loadings totaled only 2.2 million tons, a drop of 57 percent compared to
a year ago.

 

Limestone cargos totaled 1.9 million tons, a decrease of 39 percent.
The weakness in the stone trade not only reflects reduced demand for
fluxstone from steel mills, but also the paucity of construction
projects that drive demand for aggregate in the Great Lakes basin.

 

Only the coal trade even approximated its performance of a year ago.
Loadings in U.S. hulls totaled 2.5 million net tons, a decrease of
120,000 tons compared to a year ago, or roughly two cargos in a
1,000-foot-long vessel.  Shipments of low-sulfur coal from Superior
Midwest Energy Terminal on Lake Superior actually increased slightly.

 

For the year, U.S.-Flag carriage stands at 20.9 million tons, a decrease
of 46.6 percent from a year ago.  See attached for more details.

 

If you need to speak to me, please call me on my cell phone:
216-702-6360.  Not in the office today.

 

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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