Courtney Agencies Ltd. provides a weekly industry news update to its clients.
Please click here to receive this update by email.
July 24, 2017
St. Lawrence Seaway cargo up almost 20 percent
According to the St. Lawrence Seaway Management Corporation, total cargo tonnage from March 20 to June 30 reached 12 million metric tons - two million metric tons more compared to the same period in 2016, an increase of almost 20 percent.
"Cargo volumes have improved in almost every category from iron ore and grain to road salt and construction materials compared to last spring," said Terence Bowles, President and CEO, The St. Lawrence Seaway Management Corporation.
Grain from Canada totaled 2.4 million metric tons, up 14 percent, with vessels shipping a large carry over of Prairie and Ontario grain products from the fall harvest to overseas markets.
Iron ore shipments year-to-date totaled 2.8 million metric tons, up 65 percent over 2016 levels. Canadian domestic carriers are loading U.S. iron ore pellets at Minnesota ports/docks to ship via the Seaway to the Port of Quebec, where it is then transferred to larger ocean-going vessels for onward transport to Japan and China.
Dry bulk cargo (including materials like stone, cement, gypsum, road salt and potash) shipments from March 20 to June 30 totaled 3.4 million metric tons, up 17 percent over the same period last year.
General cargo shipments including specialized steel and aluminum ingots destined to be used in the automotive and construction industries topped 1.1 million metric tons, up 29 percent.
|Copyright 2006. All Rights Reserved.|