GLIN==> No Rebound in Lakes Limestone Trade in August

The recession kept its grip on the Great Lakes limestone trade in
August.  Shipments from U.S. and Canadian ports totaled only 3,048,988
net tons, a decrease of 31.4 percent compared to a year ago.  The
decrease was slightly larger when compared to the month's 5-year
average: 32.7 percent.

 

The weak demand for stone took its toll on the U.S.-Flag Lakes fleet.
Several vessels that are heavily engaged in the trade were forced to
lay-up for periods of time during the month.

 

One bright spot was that higher water levels allowed one vessel to carry
52,243 tons of limestone in one trip.  This is one of the largest loads
for that vessel in some time.  Nonetheless, the cargo still represented
less than a full load.  If the U.S. Army Corps of Engineers was dredging
the Great Lakes Navigation System to project dimensions, the vessel
would have loaded another 1,800 tons.

 

For the year, the limestone trade stands at 13.4 million tons, a
decrease of 34.6 percent compared to a year ago.  Shipments are 40.5
percent below the 5-year average for the January-August timeframe.

 

See attached for the tabular report.

 

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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