The Demand for Ore is Robust but Cargo Movement Slips
June 26, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
Source: Seaway Channel
Even though there was an 8 percent increase in iron ore tonnage, total cargo movement by U.S. flag laker vessels on the Great Lakes dropped by 2 percent in the month of May compared to last year’s figures. On the bright side however, the 5-year average for the May tonnage float (approximately 11.9 million net tons) was met this past month according to the Lakes Carriers’ Association (LCA).
The downturn was more painfully felt in terms of stone and coal tonnage …
