St. Lawrence Seaway Sees Shipping Rebound in May
USAgNet - 06/14/2019
After a slow start due to ice conditions, St. Lawrence Seaway cargo surged in May fueled by grain and iron ore exports and shipments of road salt.
According to the latest numbers, cargo shipments from March 22 through the end of May totaled 8.3 million metric tons, bringing it in line with last year's strong performance.
"If the May pace continues, we should be able to build on the 17 percent Seaway cargo growth accumulated over the past two years," said Bruce Burrows, President of the Chamber of Marine Commerce.
"U.S. Great Lakes ports are also reporting an acceleration in business. Two key growth areas are increased domestic and imported road salt and iron ore volumes due to domestic demand for steel production and exports of iron ore pellets from Minnesota to
international locations like China."
Iron ore shipments via the St. Lawrence Seaway (from March 22 to May 31) totaled 1.5 million metric tons, up 8 percent compared to the same period last year.