THE NUMBER of ships passing through St Lawrence Seaway increased 15 per cent last year to 35.5 million tonnes, with iron ore shipments rising 35 per cent, grain, 10 per cent and general cargo, 63 per cent. General cargo consisted principally of iron and steel breakbulk shipments and project cargo such as wind turbine components.
"With a recovery in the manufacturing sector, characterised by a resurgent domestic auto assembly business, the level of activity in the iron ore trade broke out of the starting gate at a brisk pace in 2010," said Terence Bowles, president and CEO of Canada's St Lawrence Seaway Management Corp.
"We are optimistic of what we may experience in 2011, as economic growth continues to regain strength."
"With a recovery in the manufacturing sector, characterised by a resurgent domestic auto assembly business, the level of activity in the iron ore trade broke out of the starting gate at a brisk pace in 2010," said Terence Bowles, president and CEO of Canada's St Lawrence Seaway Management Corp.
"We are optimistic of what we may experience in 2011, as economic growth continues to regain strength."