GLIN==> Lakes Ore Trade Still Stuck in Low Gear

The Great Lakes iron trade remained in its now nearly year-long slump in
September.  Shipments from U.S. and Canadian ports totaled only
3,160,932 net tons, a decrease of 51.5 percent compared to a year ago.
The trade fared only slightly better when compared to September's 5-year
average; shipments were off 49.1 percent.

 

Higher water levels did allow for several cargos of 67,000 tons or more,
but even these top loads were testimony that the dredging crisis is
ongoing.  In the case of the iron ore trade, lack of adequate dredging
throughout the system by the U.S. Army Corps of Engineers is trimming as
much as 5,000 tons from the largest vessels' payloads each trip.

 

For the year, the Lakes iron ore trade stands at 19,250,148 tons, a
decrease of 57.8 percent compared to a year ago.  The decrease is only
slightly less when compared to the trade's 5-year average for the
January-September timeframe - 55.4 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

 




This email and any attached files are confidential and intended solely for the intended recipient(s). If you are not the named recipient you should not read, distribute, copy or alter this email. Any views or opinions expressed in this email are those of the author and do not represent those of the  company. Warning: Although precautions have been taken to make sure no viruses are present in this email, the company cannot accept responsibility for any loss or damage that arise from the use of this email or attachments.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://www.great-lakes.net/lists/glin-announce/attachments/20091009/c31e0e6d/attachment.html 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: glore0909-text.pdf
Type: application/octet-stream
Size: 98440 bytes
Desc: glore0909-text.pdf
Url : http://www.great-lakes.net/lists/glin-announce/attachments/20091009/c31e0e6d/attachment.obj 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: glore0909-tabular.pdf
Type: application/octet-stream
Size: 126356 bytes
Desc: glore0909-tabular.pdf
Url : http://www.great-lakes.net/lists/glin-announce/attachments/20091009/c31e0e6d/attachment-0001.obj