GLIN==> Economy Trips Up Lakes Coal Trade Again in June

The slumping economy again dampened demand for coal on the Great Lakes
in June.  Shipments totaled 3.6 million net tons, a decrease of 16
percent compared to a year ago.  June loadings were 18.5 percent off the
month's 5-year average.

 

The trade did register a milestone in June.  Superior Midwest Energy
Terminal in Superior, Wisconsin, loaded its 400 millionth ton of coal on
June 16.  The facility began shipping coal mined in the Powder River
Basin in 1976.  The benchmark cargo was loaded into the U.S.-Flag laker
American Integrity for delivery to the Detroit Edison power plants in
St. Clair and Monroe, Michigan.  

 

The downside to this achievement was the amount of coal the vessel was
able to load on June 16.  The cargo totaled 66,513 net tons.  The
American Integrity is 1,000 feet long.  Vessels this size have carried
almost 71,000 net tons of coal in a single trip, but that was when high
water levels offset lack of adequate dredging.  If the U.S. Army Corps
of Engineers had maintained the Great Lakes Navigation System to project
dimensions, Superior Midwest Energy Terminal would have reached its 400
millionth ton some time ago.

 

For the year, coal shipments stand at 10.9 million tons, a decrease of
approximately 30 percent compared to both a year ago and the 5-year
average for the first half of the year.  

 

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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