August Dry-Bulk Float
Is Post Recession Record
For Great Lakes Shipping

Shipments of iron ore, coal and stone from U.S. and Canadian Great Lakes ports set a post recession record in August - 18,211,021 net tons. That total is the highest monthly level of shipments for these commodities since 1981.

Iron ore shipments totaled 8.3 million tons in August, an increase of 5.1 percent compared to a year ago. For the season, iron ore cargos stand at 40.2 million tons, an increase of 2.7 percent.

Coal shipments from Great Lakes ports topped 4.9 million tons in August; for the season, the coal trade stands at 22.2 million tons, an increase of 15.7 percent. Increased demand from a Canadian utility that has shut down some nuclear capacity is a major factor in coal's strong performance.

The Lakes stone trade totaled almost 5 million tons in August, the second-highest level achieved since the recession of the early- and mid-1980s. Since the resumption of stone loadings in March, shipments stand at 22.5 million tons, an increase of 10.6 percent.

Great Lakes Iron Ore, Coal and Stone Trades
U.S. and Canadian Ports
Month of August, 1997
(Net Tons)

Commodity August 1997 August 1996 Season to Date
1997
Season to Date
1996
IRON ORE



Great Lakes 6,965,466 6,374,847 33,533,515 32,117,368
Eastern Canada 1,350,754 1,537,090 6,641,291 7,011,050
Total - Iron Ore 8,316,220 7,911,938 40,174,805 39,128,417
COAL



Lake Erie 2,767,135 2,261,138 12,031,507 9,462,725
Lake Michigan 338,214 184,117 1,322,783 809,779
Lake Superior - U.S. 1,750,855 1,689,295 8,302,548 7,514,638
Lake Superior - Canada 61,396 187,799 517,388 898,980
Total - Coal 4,917,600 4,322,349 22,174,226 18,686,122
LIMESTONE, GYPSUM



U.S. Ports 4,359,141 4,246,982 19,570,943 17,821,729
Canadian Ports 618,060 632,680 2,942,242 2,526,696
Total - Stone 4,977,201 4,879,662 22,513,185 20,348,425
Total All Commodities 18,211,021 17,113,949 84,862,216 78,162,964

Note: The above totals are carried almost exclusively by U.S.-Flag and Canadian-Flag lakers. Third-Flag vessels (i.e., salties) occasionally load coal for export overseas (167,000 tons in 1996).

The ports reporting cargo movement are as follows:

Iron Ore: Minnesota - Duluth, Two Harbors, Silver Bay and Taconite Harbor; Wisconsin - Superior; Michigan - Marquette and Escanaba.

Coal: Ohio - Toledo, Sandusky, Ashtabula and Conneaut; Illinois - South Chicago; Wisconsin - Superior; Ontario - Thunder Bay.

Limestone and Gypsum: Michigan - Calcite, Cedarville, Presque Isle, Port Inland, Drummond Island, Alabaster and Port Gypsum; Ohio - Marblehead; Ontario - Manitoulin Island, Smelter Bay, Bruce Mines and Port Colbourne.


ggn@lcaships.com
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