Thursday, August 19, 2010

Seaway Cargo Up by 16.6% So Far This Year

(St Catharine’s Standard – Don Fraser)

The St. Lawrence Seaway’s post-recession recovery has gathered steam this year. Cargo shipments through the Canada-U.S. waterway saw an increase of 16.6% year to date compared to the same period last year.

Demand continues to be buoyed by order for iron ore and steel slabs, said the Seaway in a Tuesday release. The Seaway reports that marine vessels carried 14.8 million tons of cargo from March 25 to July 31. That’s an increase of more than two million tons compared to 12.7 million tons handled during the same period last year. Read more here.