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2011 Seaway traffic seen rising 7%

2011-03-18

Following on the rebound momentum of last year, total tonnage on the St. Lawrence Seaway is forecast to increase by 7.1% in the 2011 commercial navigation season beginning on March 22, according to Bruce Hodgson, Director of Market Development, St. Lawrence Seaway Management Corporation.

"The total volume this year should bring us to about 39.1 million tonnes," Mr. Hodgson told Maritime Magazine. "We see improvements in a number of sectors."

Last year, the Seaway handled 35.5 million tonnes on the heels of a severe, recession-related decline in 2009 to 30.7 million tonnes from 40.8 million tonnes in 2008. In 2007, the waterway's throughput amounted to 43 million tonnes versus 47 million tonnes in 2006.

"Iron ore this year will continue to be steady along with grain and petroleum, and we should see a good pick-up in salt as inventories are low," Mr. Hodgson said.

He also saw a positive trend for general cargo, with notably brisk steel movements in and out of the system.

On the project cargo front, wind turbine components are expected to stay on a steady course, while shipments of equipment for Alberta oil sands projects could show increased activity in the latter part of the year.

 

 
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