Coal shipments on Great Lakes down seven percent last month

By KBJR News 1

Credit: MGN Online

Coal shipments on Great Lakes down seven percent last month

December 20, 2013 Updated Dec 20, 2013 at 4:17 PM CST

Duluth, MN (NNCNOW.com) - The increasingly finite market that is the Great Lakes coal trade experienced a seven percent drop in shipments last month, when compared to a year ago.

According to the Lake Carriers' Association, shipments of coal on the Great Lakes totaled 2.7 million tons in November.

That's down 7.3 percent compared to last year, and 35 percent below the month's long–term average.

Exports of coal from Superior to Europe, however, totaled 1.5 million tons through November.

That's up from 2012's export number of 1.2 million tons.

Duluth Seaway Port Authority officials say a growing demand from coal–fired power plants overseas has helped boost coal exports.

But they add that a massive shift in Canada from coal to renewable resources is a central factor in the drop of inter–lake coal shipments.

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