October 21, 2021

St. Lawrence Seaway cargo volumes remained strong in September

Cargo volumes through the St. Lawrence Seaway remained robust in September as ships delivered critical commodities and products without the delays or supply chain disruption seen in other trade gateways, according to the latest results published by the Chamber of Marine Commerce.

From March 22 to September 30, overall cargo volumes via the Seaway totaled 24.1 million metric tonnes, up 2.6% from the same time period in 2020.

The total was boosted by increases in cross-border trade of cargoes like stone (55%), cement (7%) and gypsum (18%) for construction purposes. Year-to-date iron ore shipments, up 26%, showed no sign of slowing down as demand from Canadian and overseas steel producers continued.

General cargo shipments, including iron, steel and aluminum, are also up 59% compared to this time last year. Following 2020's blockbuster performance, Canadian grain shipments via the Seaway are down 17%; however still in line with the five-year average.

"Our innovative trade corridor has the flexibility and adaptability to respond to the changing demands of the economy. Grain is down this year, but our system is responding to a surge in other cargoes to supply many industry sectors with greater positive impact on the financial performance," said Terence Bowles, President and CEO of The St. Lawrence Seaway Management Corporation. "While global supply chain routes have become disrupted and backlogged due to the pandemic, Canada's Great Lakes-St. Lawrence Seaway shipping routes remain reliable, safe and congestion free."

Source: Chamber of Marine Commerce