The following news release was issued by the Lake Carriers’ Association on June 7.
Iron Ore Trade Up 27.8 Percent in May
CLEVELAND – Shipments of iron ore from U.S. Great Lakes ports totaled 5.6 million tons in May, an increase of 27.8 percent compared to a year ago and 4.8 percent above the month’s 5-year average.
Year-to-date the iron ore trade stands at 14.1 million tons, an increase of 42.6 percent compared to the same point in 2022. Iron ore shipments were also 6 percent above their 5-year average for five months of the year. Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry, infrastructure, and power: iron ore, stone, coal, cement, and other dry bulk materials such as grain, salt, and sand. More information is available at lcaships.com.
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