U.S.-Flag Ore Cargos Fall 25 Percent In October

Iron ore cargos loaded into U.S. bottoms on the Great Lakes in October plunged a stunning 25 percent compared to the corresponding period last year. With America's steel industry fighting for its very existence, the season-to-date iron ore total for U.S.-Flag lakers represents a decrease of nearly 20 percent compared to 2000's end-of-October tally.

The October coal float - 2.6 million tons - represents a slight increase and in part reflects better availability of eastern coal. Stone loadings, so dependent on steel's need for fluxstone, continued their season-long slump. The 3.2 million tons loaded in October represent a decrease of 8.5 percent. For the season, U.S.-Flag stone cargos total 22.1 million tons, a decrease of 5.1 percent.

U.S.-FLAG CARRIAGE
OCTOBER AND SEASON-TO-DATE: 2001 - 2000
(net tons)

Commodity

October 2001

October 2000

S-T-D 2001

S-T-D 2000

Iron Ore - Direct Shipments

4,416,929

5,676,342

35,449,904

42,593,019

Iron Ore - Transshipments

217,243

495,022

  2,779,378

4,580,163

Total - Iron Ore

4,634,172

6,171,364

38,229,282

47,173,182

Coal - Western

1,437,003

1,225,783

10,963,769

10,008,767

Coal - Eastern

1,146,015

1,052,925

6,062,127

6,174,631

Total - Coal

2,583,018

2,278,708

17,025,896

16,183,398

Limestone and Gypsum

3,189,716

3,484,795

22,138,793

23,343,131

Cement

459,106

485,339

3,484,288

3,423,055

Salt

75,098

86,765

593,644

812,348

Sand

95,730

135,073

507,761

356,179

Grain

64,915

62,492

243,661

224,823

Totals

11,101,755

12,704,536

82,223,325

91,516,116

In addition to the 12 U.S.-Flag Lakes operators who comprise Lake Carriers' Association, this survey includes Andrie, Inc. (cement only), Great Lakes Associates (grain) and Upper Lakes Towing Company, Inc. (various dry-bulk cargos). Pere Marquette Shipping Company also participates in this survey, but has yet to resume operations this season.

For more information contact Glen Nekvasil, Vice President - Corporation Communications (phone: 216-861-0592/e-mail: ggn@lcaships.com
.

ggn@lcaships.com
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