U.S.-Flag Lakes Float Up 3.1 Percent in May (6/8)

 

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According to a new report, the amount of cargo shipped in May 2012 on the Great Lakes has increased over 3 percent compared with last May.

 

Below is a press release issued by the Lakes Carriers' Association and a link to a PDF file of the findings of the report.

 

U.S.-flag Lakes Float Up 3.1 Percent in May

 

U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in May, an increase of 19 percent over April, and 3.1 percent better than a year ago.  The May float was, however, slightly below the month’s 5-year average.

 

Iron ore cargos for the steel industry increased 5.2 percent compared to a year ago.  Aggregate and fluxstone for construction and steelmaking rose 12.4 percent.  Coal for power generation and steel production dipped 8.7 percent. 

 

Through May U.S.-flag cargos stand at 24.4 million tons, an increase of 3.4 percent compared to the same point in 2011, and 5.7 percent ahead of the 5-year average for the first five months of the year.  Iron ore and limestone have registered noticeable increases over a year ago, but coal has decreased by 825,000 tons.

 

Lake Carriers’ Association represents 17 American companies that operate 57 U.S.-flag vessels on the Great Lakes that carry the raw materials that drive the nation’s economy: iron ore and fluxstone for the steel industry, aggregate and cement for the construction industry, coal for power generation, as well as salt, sand and grain.  Collectively, these vessels can transport more than 115 million tons of cargo per year.  More information is available at www.lcaships.com

 

Click HERE to read the report.

 

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