Lake Iron Ore Shipments Recover from Last Winter

Ore shipments were down 20 percent in December and plunged 37 percent in January. Voyages that normally took 50-60 hours were taking up to 11 days in February and March. The March total was down 43 percent from the previous year. By the end of April, the year-to-date total was just 6.2 million tons—a 43 percent decrease year-over-year.

Three extra lake carriers were activated between May and September to increase shipments of ore and other cargo, according to the Lake Carriers Association. Carriers were also able to take advantage of deeper water in the Upper Great Lakes due to ice melt that enabled loads to be increased from 70,000 tons, compared to 67,000 tons last year.

Currently no significant shipping problems are occurring on the Great Lakes despite ice forming on Lake Superior and elsewhere two weeks earlier than in 2013. Near normal ice coverage is expected on the Great Lakes for this winter according to Canada’s North American Ice Service.

As a side note, Steel Market Update publisher, John Packard is working with Interlake Steamship Company to report from aboard an iron ore vessel as it transits the Great Lakes next spring or early summer. We have been advised that we will be able to blog and produce our newsletter from on board one of their ore carriers. More information will be coming in the New Year.