GLIN==> U.S.-Flag Lakes Float Off More Than a Third in September

With America's economy still not hitting on all cylinders, the U.S.-Flag
Great Lakes fleet continued to struggle with slumping cargo demand in
September.  Shipments in U.S. bottoms totaled 7 million net tons, a
decrease of 36.2 percent compared to a year ago.  Loadings were down 39
percent compared to the month's 5-year average.

 

The year-long slump in iron ore and limestone cargos continued in
September.  Loadings were off 57 percent and 15 percent respectively.

 

The coal trade in U.S.-Flag lakers experienced one of its biggest drops
of the season.  The 2 million tons loaded represented a decrease of 24
percent.  Shipments of low-sulfur coal from Superior, Wisconsin
accounted for most of the fall-off.  Several factors were at work:
reduced demand from an Ontario power plant; vessels down for
maintenance; and vessels being delayed by heavy weather at the end of
the month.

 

For the year, U.S.-Flag carriage stands at 42.6 million tons, a decrease
of 42.5 percent compared to a year ago.  Compared to the 5-year average
for the first three quarters, loadings in U.S. bottoms are down 44.3
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 <mailto:nekvasil at lcaships.com> 

 




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