Slight Increase in U.S.-Flag Carriage In November

U.S.-Flag lakers hauled 11 million tons of various dry-bulk cargos in November, a slight increase (1.8 percent) compared to last year.  With now five straight months of increases, U.S.-Flag carriers have moved nearly 91  million tons of cargo and narrowed the gap between this and last year to 2.2 percent.

Iron ore shipments in U.S. bottoms totaled 5 million tons in November, an increase of nearly 17 percent.  However, as has been stated before, increases in the ore float are not as impressive as they seem.  LTV Steel was in its death throes a year ago; ISG has relit most of LTV's blast furnaces with a resulting increase in demand for iron ore.  For the season, U.S.-Flag iron ore cargos stand at 41.8 million tons, a decrease of 1.7 percent.

Continued strong demand for western, low-sulfur coal pushed U.S.-Flag coal cargos to 2.7 million tons in November, an increase of 8.2 percent.  The 19.7 million tons carried through November represent a slight increase over 2001's end-of-November total.

Weather-related delays suffered by the small and mid-sized vessels in the stone trade caused loadings of that commodity in U.S.-Flag lakers to slip 15.8 percent to 2.8 million tons.  For the season, this trade is down 2.7 percent and reflects the season-long sluggishness in the construction industry.

 U.S.-FLAG CARRIAGE
NOVEMBER AND SEASON-TO-DATE: 2002 - 2001
(net tons)

Commodity

November 2002

November 2001

S-T-D 2002

S-T-D 2001

Iron Ore
Direct Shipments4,624,915 4,029,459 39,897,268 39,479,363
Transshipments395,983 266,3511,941,5813,094,732

Total - Iron Ore

5,020,898 4,295,810 41,838,849 42,574,095
Coal
Lake Superior Ports1,827,614 1,512,520 12,641,033 12,476,289
Lake Michigan Ports175,964 269,7231,911,799 2,027,860
Lake Erie Ports687,133 702,7895,193,472 5,006,779

Total - Coal

2,690,711 2,485,032 19,746,304 19,510,928
Limestone2,818,957 3,350,259 24,619,89325,311,457
Cement346,870 360,7873,372,149 3,694,492
Salt44,239159,656 543,238753,300
Sand31,807 85,514216,166 593,522
Grain33,001 48,778297,152 292,439
Totals 10,986,483 10,785,836 90,633,751 92,730,233

In addition to the U.S.-Flag Lakes operators who comprise Lake Carriers' Association, this survey includes Andrie, Inc. (cement only), Great Lakes Associates (grain), Hannah Marine Corp. (cement only), Pere Marquette Shipping Company and Upper Lakes Towing Company, Inc. (both various dry-bulk cargos).
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DATE OF PUBLICATION:  December 17, 2002

For more information, contact Glen Nekvasil (216-861-0592 / ggn@lcaships.com).

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