Trade Resources Economy US Flag Great Lakes Freighters Carried 9.2 Million Tonne of Dry Bulk Cargo in November

US Flag Great Lakes Freighters Carried 9.2 Million Tonne of Dry Bulk Cargo in November

The Lake Carriers Association reported that US flag Great Lakes freighters carried 9.2 million tonne of dry bulk cargo in November, a 6.6% 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%. November's loadings were also 4% below the month's five year average.

Iron ore cargos for the steel industry totaled 4.1 million tonne in November, a decrease of 11.8% compared to a year ago. At 2.3 million tonne, coal cargos registered a slight increase, but loadings of aggregate and flux stone fell 14.4% to 2.2 million tonne.

Through, November, US flag cargos stand at 81.6 million tonne, a decrease of 4.1% compared to the same point in 2011, and 2% below the five year average for the January to November timeframe. Iron ore cargos are down by 4.4% compared to a year ago. Coal has slipped by more than 13%, but limestone cargos are still up by 3.7% or 750,000 tonne.

Source - SteelOrbis

Source: http://www.steelguru.com/raw_material_news/US_Great_Lakes_increase_66pct_in_November/295738.html
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US Great Lakes Increase 6.6pct in November
Topics: Metallurgy