Loss Of LTV Tonnage Slams December U.S.-Flag Float

Iron ore cargos carried in U.S.-Flag lakers plummeted nearly 32 percent in December, largely because LTV Steel ceased operations and thus required no raw materials. Problems related to unfair trade abound in the American steel industry, so for the season, the U.S.-Flag ore float totals only 45.8 million tons, a decrease of 20 percent compared to December 2000.

U.S.-Flag coal cargos were in total down 14.8 percent in December. The drop came in western coal and was not unexpected. With demand for iron ore so reduced, some vessels were switched to that trade, so season commitments were completed early. For the season, U.S.-Flag coal cargos stand at 21.2 million tons, an increase of 4.2 percent.

Thanks to mild weather that kept the construction industry active, stone cargos carried in U.S. bottoms in December increased 28.4 percent to 1.8 million net tons. The season-to-date total, 27.3 million tons, represents a decrease of 2.1 percent.

While the U.S.-Flag fleet will move a significant amount of iron ore in January, the stone and coal trades are basically finished. Some cement will move in January, but the salt, sand and grain trades should be complete.

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

Commodity

December 2001

December 2000

S-T-D 2001

S-T-D 2000

Iron Ore - Direct Shipments

3,280,816

4,543,975

42,760,179

52,173,171

Iron Ore - Transshipments

0

264,585

3,045,729

5,276,634

Total - Iron Ore

3,280,816

4,808,560

45,805,908

57,449,805

Coal - Western

874,234

1,227,971

13,350,523

12,588,516

Coal - Eastern

809,252

749,933

7,843,891

7,755,110

Total - Coal

1,683,486

1,977,904

21,194,414

20,343,626

Limestone and Gypsum

1,845,094

1,436,298

27,334,146

27,933,432

Cement

348,127

249,690

4,193,202

4,029,962

Salt

123,092

25,669

876,392

838,017

Sand

31,819

15,339

625,094

427,070

Grain

58,280

64,542

350,719

351,398

Totals

7,370,714

8,578,002

100,379,875

111,373,310

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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