St Lawrence Seaway volume falls 6.4pc to 38.3 million tonnes in 2020
THE St Lawrence Seaway, which links North America's industrial heartland to the Atlantic Ocean, has suffered a 6
THE St Lawrence Seaway, which links North America's industrial heartland to the Atlantic Ocean, has suffered a 6.4 per cent April-September year-on-year cargo decline to 38.3 million tonnes.
Nonetheless, Canadian grain shipments grew 20 per cent year on year to 6.2 million tonnes, reports the American Journal of Transportation.
'US grain shipments are increasing with the new Midwest soybean harvest being shipped to Europe and North Africa,' said Ottawa-based Chamber of Marine Commerce CEO Bruce Burrows. 'We expect that will continue through the remainder of the shipping season.'
Said Canada's Export Development Corporation economist Andrea Gardell: 'We have seen global demand skyrocket with earlier lockdowns causing some challenges in accessing wheat-made products, especially flour, and that has led to significant food insecurity and a re-building of stocks in Europe and Asia.'