The Great Lakes iron ore trade lost momentum in July, with shipments totaling 5.1 million tons — a 10.9% decline compared to the same month in 2024, according to the Lake Carriers’ Association (LCA). The July volume also came in 1.7% below the five-year average, signaling that weaker conditions are not just a one-month anomaly.The year-to-date picture is similarly soft.
Jim Towers is Principal in Charge as well as a Senior Naval Architect and Marine Engineer at Elliott Bay Design Group. He has 45 years of marine experience in vessel design and construction with a specific emphasis on structure. A recognized industry expert in vessel design and a part of numerous vessel construction and refurbishment projects
The Indian sub-continent ship recycling markets continues its southward trajectory with every passing week as the final quarter of the year gradually approaches, reports cash buyer GMS.“Ongoing currency woes (especially those recently spiraling out of control in India), tariff shocks across the sub-continent, faltering steel dynamics