A Canadian Steamship Lines lake freighter entering Duluth Ship Canal at Duluth, Minnesota.

Seaway shippers say conditions are good, but business is bad

The ice is clear and the water is high, but business is slow and there are too many ships for the existing cargo flow

As the 2016 St. Lawrence Seaway season is set to open, shipping conditions are promising but business conditions are worrisome. Unlike other season openers, no thick ice blocks the Great Lakes and water levels are high enough to make mariners smile. Economic headwinds, however, threaten to limit the volume of traffic. Bruce Hodgson, director of

Seaway Enjoys Good Year But Faces Uncertain Future

Little noticed and seldom mentioned in the media, marine shipping through the St. Lawrence Seaway and Great Lakes plays a major role in the economies of Ontario, Quebec, and eight American states. The sector generates $34.6 billion of economic activity annually and close to 227,000 jobs in the two countries, according to a new study


Algoma Seals Upper Lakes Acquisition

About five months ago, an investment banker approached Algoma Central Corp. with an offer that didn’t come as a complete surprise to president and CEO Greg Wight. With owner Jack Leitch in his 90s, privately held Upper Lakes Group wanted to sell its vessels and related marine assets. As a longtime partner in Great Lakes

Optimistic Outlook For Seaway

The St. Lawrence Seaway accomplished a remarkable turnaround in 2010 and is hoping to perform even better this year as the North American economy recovers. It wanted to start the 2011 navigation season with a splash so it picked March 22, an earlier- than-usual opening. Then Finance Minister Jim Flaherty selected March 22 for his


New Ships To Sail The Great Lakes

Amajor facelift is coming to the transportation of grain and other commodities on the Great Lakes. Algoma Central has announced it will acquire at least four new bulk carriers for service on the lakes and in the St. Lawrence Seaway. That comes on top of Canada Steamship Line’s plan to purchase five new seaway-sized bulk

Seaway Shipments Up Sharply

Cargo shipping through the St. Lawrence Seaway, connecting North America’s Great Lakes with the Atlantic Ocean, rose 18 per cent in the first four months of the year from the year-before period, signalling a rebound in the manufacturing sector, seaway officials said May 11. Total cargo shipments rose to nearly 3.7 million tonnes, with iron


Pirates Affect Insurance Rates

The attempted hijacking of a U. S. flagged vessel off Somalia has not raised the cost of shipping grain and food to the region, but insurance rates have been rising due to piracy, shipping sources said April 13. “Historically, piracy has not been a problem for the large vessels, but now in this area it

Seaway traffic down five per cent in 2008

“It doesn’t look like the Mississippi moved more grain.” – DICK CORFE, ST. LAWRENCE SEAWAY MANAGEMENT CORP. St. Lawrence Seaway officials have a mystery on their hands. Shipments of U. S. corn and grain through the waterway dropped by more than half in 2008, largely accounting for the system’s overall five per cent decline in