Chesterton Tribune

 

 

Overall Seaway cargo down in July

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Overall cargo movements through the St. Lawrence Seaway in July were down 12.5 percent from 2012, the St. Lawrence Seaway Management Corporation (SLSMC) is reporting.

According to a statement released today, year-to-date cargo shipments for the period March 22 to July 31 were 15.3 million metric tons. Overall, cargo categories were mixed. U.S. grain continued to be the dominant cargo shipment in July with a 35 percent jump over the same period in 2012.

But lower steel production throughout most of the Great Lakes region continues to reduce the need for iron ore and coal. Both commodities were down in July by 16 and 3 percent respectively. Within the dry bulk category, however, scrap metal was up 40 percent as well as pig iron at 7 percent. Additionally, liquid bulk shipments showed a slight increase of 1.5 percent to 1.7 million metric tons.

“The Great Lakes-St. Lawrence Seaway maritime industry supports 227,000 jobs in the U.S. and Canada, and annually generates $14.1 billion in salary and wages, $33.5 billion in business revenue, and $4.6 billion in federal, state/provincial and local taxes,” the SLSMC said. “North American farmers, steel producers, construction firms, food manufacturers, and power generators depend on the 164 million metric tons of essential raw materials and finished products that are moved annually on the system. This vital trade corridor saves companies $3.6 billion per year in transportation costs compared to the next least-costly land-based alternative.”

 

Posted 8/13/2013