Cargo on US Great Lakes rises in November but falls year-on-year
Tags: iron ore , raw mat , USA , North America , freight , trading , Met Coke , San Diego | similar articles »
The Lake Carriers' Association reported Monday that US-flag Great Lakes freighters carried 9.2 million tons of dry-bulk cargo in November, a 6.6 percent increase over October's total that was noticeably impacted by Hurricane Sandy. However, compared to a year ago, the US-flag float was down by almost 9 percent. November's loadings were also 4 percent below the month's five-year average.
Iron ore cargos for the steel industry totaled 4.1 million tons in November, a decrease of 11.8 percent compared to a year ago. At 2.3 million tons, coal cargos registered a slight increase, but loadings of aggregate and fluxstone fell 14.4 percent to 2.2 million tons.
Through November, US-flag cargos stand at 81.6 million tons, a decrease of 4.1 percent compared to the same point in 2011, and 2 percent below the five-year average for the January-November timeframe. Iron ore cargos are down by 4.4 percent compared to a year ago. Coal has slipped by more than 13 percent, but limestone cargos are still up by 3.7 percent, or 750,000 tons.