ST. LAWRENCE SEAWAY WRAPS UP 2012 WITH LATE SEASON SURGE
Tonnage Exceeds Forecast as Grain Heads to Overseas Markets
Cornwall, Ontario (January 14, 2013) - The St. Lawrence Seaway Management Corporation (SLSMC) announced today that tonnage increased by 4% to 38.9 million tonnes during the 2012 navigation season, exceeding the SLSMC’s original forecast by 300,000 tonnes thanks in part to a late season surge in grain movements. Strong performance within a number of core markets contributed to an overall gain of 1.4 million tonnes for the year, when compared to the Seaway’s 2011 result of 37.5 million tonnes.
Demand for low sulphur coal in Europe led to a substantial increase in coal volumes, while busy Chinese steel mills triggered an upsurge in the demand for iron ore. The shipments of coal and iron ore were brought to the Great Lakes and loaded on domestic Laker vessels. The Lakers then proceeded from the Great Lakes to the lower St. Lawrence River, where the commodities were trans-shipped to larger ocean vessels, for export to overseas destinations.
On the grain front, 2012 was a story of contrasts as strong Canadian grain movements offset a sharp drop in U.S. grain movements, due to the drought which impacted the majority of the U.S. grain belt. Terence Bowles, President and CEO of the SLSMC, emphasized the essential role that the Seaway plays within the North American transportation network. “The Seaway was instrumental in providing grain shippers with the means to rapidly respond and capitalize on market opportunities late in the season”, said Bowles.
A number of newly built state-of-the art vessels came into service within the Seaway in 2012, boasting sharp increases in fuel efficiency and reductions in emission levels. “These new vessels, part of a billion dollar fleet renewal effort by domestic and ocean carriers, combined with our marketing efforts which have recorded 10.6 million tonnes in new business over the past five years, underscore the Seaway’s future potential”, added Bowles.
The 2012 season also witnessed an important advance in navigational technology. “The commissioning of the Draft Information System (DIS) further enhances vessel safety and efficiency”, said Craig Middlebrook, Deputy Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “A vessel equipped with DIS can now precisely gauge the amount of water under the ship’s keel, given satellite guided navigation combined with highly precise models of the channel floor.”
The St. Lawrence Seaway closed for the season on December 29th, 2012, with the westbound vessel John B. Aird transiting the Iroquois Lock at 8:59 p.m. After transiting the Iroquois Lock, the John B. Aird proceeded further west and served as the last vessel to transit the Seaway’s Welland Canal, clearing Lock 8 at Port Colborne on December 31st at 4:23 a.m.
Some 227,000 jobs and $34 billion in economic activity are supported by the movement of goods within the Great Lakes / Seaway waterway. For more information on the Seaway, please consult the www.greatlakes-seaway.com website.