Chesterton Tribune

 
 

St. Lawrence Seaway System reports year-to-date cargo tonnage to be flat

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For the period March 22 to September 30, year-to-date total cargo shipments on the Seaway System were 25.1 million metric tons, virtually flat over the same period in 2011, as reported by the St. Lawrence Seaway.

“Cargo tonnage on the Seaway System remained relatively steady for the month of September,” said Rebecca Spruill, director of trade development for the Saint Lawrence Seaway Development Corporation. “These tonnage numbers reflect historical trading patterns for the month of September, with the noteworthy increase in shipments of windmill components. We anticipate the next couple of months to reflect slight increases in cargo tonnage for general cargo, U.S. and Canadian grain, iron ore, and coal.”

The Port of Indiana-Burns Harbor, for its part, handled significant increases in the shipments of steel, coke, fertilizer, grain, and minerals through the first nine months of 2012. Overall year-to-date shipments remained fairly steady, down slightly from a year ago but still higher than every other year since 2006.

“Through the first three quarters of 2012, we have seen a nearly 25 percent increase in steel shipments driven by increased demand in the manufacturing sector,” said Rich Cooper, CEO for the Ports of Indiana. “Having direct access to international shipments through the St. Lawrence Seaway and the inland river system is a major competitive advantage for port companies. Three new steel-related businesses have already opened facilities at our port in 2012 and we expect to see additional increases in shipments as those operations come online.”

Iron ore shipments through the Seaway were down 17 percent in September to 1 million metric tons versus the same time last year. Year-to-date figures for iron ore were up 22 percent to 7.7 million metric tons. Coal shipments for power generation and steel production totaled 588,000 metric tons in September, an increase of 33 percent from September 2011. Year-to-date coal shipments rose to 3.3 million metric tons, a 31 percent hike over 2011.

Cement shipments had a 22 percent increase in September 2012 over last year as construction work continued throughout the Great Lakes states. Year-to-date shipments posted a 22 percent hike to 1.2 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 Seaway System 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 10/12/2012