Fleet Keeps Chipping Away At Deficit


U.S.-Flag carriage of dry-bulk cargos on the Great Lakes totaled 11.5 million net tons in September, an increase of 9 percent compared to the corresponding period last year.  With yet another increase to its credit, the fleet has now narrowed the margin with last season to 4.3 percent.  While that fall-off is still significant, the gap was a whopping 19 percent at the end of April!

Iron ore cargos in September totaled 5.2 million net tons, an increase of 13.6 percent compared to a year ago.  However, that increase must be taken in context - 12 months ago, LTV Steel was fading fast, whereas today its facilities are blooming under new ownership.  On a season-to-date basis, the U.S.-Flag ore float is still 6 percent behind last year's depressed total.

Stronger demand for western coal pushed the fleet's September coal total to 2,546,951 net tons, an increase of 14 percent compared to a year ago.  For the season, the coal total through September is virtually unchanged.

A slight increase in stone cargos in September helped narrow the gap in that commodity, but for the season, sluggish demand from the construction industry has produced a 2.1 percent decrease in limestone moved in U.S. bottoms.

During September, the straight-decker KINSMAN INDEPENDENT ended its summer-long lay-up and resumed moving grain cargos between Duluth/Superior and Buffalo.  The INDEPENDENT is the only U.S.-Flag straight-decker to see service, albeit sporadic, in recent years.  The EDWARD L. RYERSON has not sailed since 1998 and the JOHN SHERWIN has slumbered since 1981.

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

Commodity

September 2002

September 2001

S-T-D 2002

S-T-D 2001

Iron Ore
Direct Shipments4,893,656 4,388,961 30,502,751 31,032,975
Transshipments279,738 166,0311,119,4032,611,138

Total - Iron Ore

5,173,394 4,554,992 31,622,154 33,644,113
Coal
Lake Superior Ports1,700,621 1,426,738 9,102,687 9,526,766
Lake Michigan Ports233,904 217,7201,465,124 1,471,308
Lake Erie Ports612,426 589,1823,871,997 3,444,804

Total - Coal

2,546,951 2,233,640 14,439,808 14,442,878
Limestone3,220,901 3,150,984 18,422,32118,824,492
Cement415,851 408,1082,630,463 2,874,599
Salt89,07099,612 395,850518,546
Sand43,565 94,458147,854 412,031
Grain33,171 32,297198,730 178,746
Totals 11,522,903 10,574,091 67,857,180 70,895,405

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).
.
DATE OF PUBLICATION: October 11, 2002

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

Hit Counter

ggn@lcaships.com
Return to
LCA's Homepage