St. Lawrence Seaway cargo now 14 per cent ahead of 2016 volumes

Year-to-date St. Lawrence Seaway cargo shipments are 14 per cent ahead of 2016 volumes, as marine shipping continues to support the growth of the Canadian and U.S. economies.

According to The St. Lawrence Seaway Management Corporation, total cargo tonnage from March 20 to September 30 reached 24.3 million metric tons – 3 million metric tons more compared to the same period in 2016.

“Our results point to the strength of the Canadian and U.S. economies. Export shipments of mined products such as iron ore and dry bulk via the Seaway have grown dramatically this year; while domestic demand for road salt and stone has also been much stronger in the Great Lakes region,” said Terence Bowles, President and CEO of The St. Lawrence Seaway Management Corporation. “The Great Lakes-Seaway shipping system is also attracting more high-value cargos such as steel, machinery and other goods that support the growth of our manufacturing and construction sectors.”

Inland shipping’s strong 2017 performance and its vital role in supporting Canadian economic growth will be highlighted today as marine commerce executives and their customers meet with Canadian federal government representatives during Marine Day on the Hill, hosted by the Chamber of Marine Commerce.

Year-to-date Seaway iron ore shipments (from March 20 to September 30) reached 5.9 million metric tons, an increase of 58 per cent driven primarily by U.S. iron ore pellet exports to Asia. Road salt shipments, including from Ontario mines in Goderich and Windsor, have surpassed 2.2 million metric tons, up 40 per cent over 2016. High-value general cargo (which include steel, aluminum, project cargo) shipments via the Seaway totaled 2.3 million metric tons, up 35 per cent.

Source: Chamber of Marine Commerce

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