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Final surge at ports before Seaway closes

The number of vessels currently in the Great Lakes-Seaway system exceeds the five-year average as ships deliver much-needed supplies and make a final push to export grain from Thunder Bay and other Ontario ports before the St. Lawrence Seaway closes Dec. 30. “The 2015 shipping season has mirrored North American and global economic trends,” reflected Terence Bowles, President and CEO of The St. Lawrence Seaway Management Corporation. “Domestic and cross-border transport of cement, stone, gypsum, aluminum and machinery continues full throttle in response to heightened construction activity and a strong automotive sector. While steep declines in global consumption and pricing have largely curtailed coal and iron ore exports, we are encouraged by the recent surge in grain exports, which once again demonstrates the vital role played by the Seaway in supporting global trading activity.” New business has helped to offset shortfalls with figures from April 2 to Nov. 30 showing the St. Lawrence Seaway attracted 1.7 million metric tons of cargo either coming from new origins or heading to new destinations. More at http://bulletnewsniagara.ca/index.php?p=Sections&id=6283