U.S. agriculture and domestic steel reinforced by Great Lakes/Seaway shipping
The Great Lakes Seaway Partnership reports overall gains for the St. Lawrence Seaway with year-to-date (YTD) total cargo shipments through September of 25.7 million metric tons, a 4 percent increase over the same time frame last year. Key cargo categories contributing to these results include dry bulk commodities that support the domestic steel industry and grain from American farmers.
This continued demand keeps Seaway traffic above the five-year average, maintaining the positive trend during the 2018 navigation season. Further, September was the busiest month on record for foreign-flagged vessels visiting the Seaway during the 2018 navigation season with transits of 64 vessels from 23 countries.
“As we reach this milestone for the 2018 navigation season, achieving our best month thus far for traffic on the St. Lawrence Seaway, we are reminded of the role the Seaway plays for the individuals and companies in the region we serve as well as the competitive advantage we provide to shippers that leverage the Great Lakes/St. Lawrence Seaway system,” said Craig H. Middlebrook, Deputy Administrator of the Saint Lawrence Seaway Development Corporation. “With access to over 50 percent of all U.S. households, business and manufacturing plants, our integrated waterway system connects shippers to this valuable market and optimizes their supply chain and transportation mix.”
Kickstarting American steel
Under current conditions, including strong global demand, the importance of increasing steel production domestically has become more apparent. The system has served as a reliable catalyst to reinforce the domestic steel industry, providing commodities required for steel manufacturing on-demand, using maritime transportation, the most efficient mode of transportation.
“Demand for iron ore remained strong with year-to-date iron ore loadings through September already approaching 14 million short tons—a full 23 percent ahead of the five-year average,” said Adele Yorde, Duluth Seaway Port Authority spokesperson.
Supporting U.S. farmers
As the fall harvest ramps up, farmers across the country are experiencing record production, which will ensure an excellent season for grain shipments from the Great Lakes/Seaway system.
“Demand for grain also remained strong at the Port of Duluth-Superior this fall,” Yorde said. “Momentum carried over from August, with shipments of agricultural products running almost 20 percent ahead of last season.”
“Grain shipments including corn, wheat, oats, canola and soybeans were up 90 percent at the Port of Toledo, surpassing the 1-million-ton mark.” said Joe Cappel, VP of Business Development for the Toledo-Lucas County Port Authority. “We are home to several very active grain terminals, including one of the largest flour mills in the world operated by Mondelez.”