GLIN==> Lakes Ore Trade in October Outpaces the Month Before

Iron ore shipments on the Great Lakes totaled 3,657,881 net tons in
October, an increase of 500,000 tons compared to September.  The
increase - almost 16 percent - reflects the reactivation of five
U.S.-Flag Great Lakes freighters that carry iron ore and other cargos.
The sailing of these vessels on the nation's Fourth Sea Coast has put
more than 100 American mariners back to work.

 

The upturn was not enough to erase the negative comparisons with a year
ago.  The October ore float represents a decrease of more than 35
percent compared to October 2008.  The downturn is slightly more
pronounced when compared to the month's 5-year average: 36.7 percent.

 

For the year, the Great Lakes iron ore trade stands at 22.9 tons, a
decrease of 55.38 percent compared to a year ago.  The decrease is
slightly less when compared to the trade's 5-year average for the
January-October timeframe - 53 percent.

 

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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