Great Lakes Iron Ore Shipments Down 6.6% From a Year Ago

By KBJR News 1

Great Lakes Iron Ore Shipments Down 6.6% From a Year Ago

June 18, 2013 Updated Jun 18, 2013 at 10:41 AM CST

Cleveland, Ohio (NNCNOW.com) --- Shipments of iron ore on the Great Lakes totaled 6.4 million tons in May, an increase of 15.1 percent compared to April, but a decrease of 6.6 percent compared to a year ago.

Loadings also trailed the month’s long-term average by 4.8 percent.

Shipments from U.S. ports totaled 5.8 million tons, a decrease of 2.9 percent compared to a year ago. The May total included 380,000 tons shipped to Québec City for loading into oceangoing vessels and delivery overseas.

Shipments from Canadian ports totaled 556,000 tons, a decrease of 33.5 percent compared to a year ago.

Year-to-date, the Lakes ore trade stands at 17.2 million tons, a decrease of 8.6 percent compared to a year ago. Loadings are 3.1 percent below the long-term average for the January-May timeframe.

Lake Carriers’ Association represents 17 American companies that operate 57 U.S.-flag vessels on the Great Lakes. Collectively, these vessels can transport more than 115 million tons of cargo per year.

Posted to the web by Krista Burns
kburns@kbjr.com