b'16American Journal ofTransportation ajot.comDry Bulk Ship Classes Shipping remains reliable on Great Lakes-Class Dry Weight Tons (DWT) St. Lawrence Seaway System continues in JuneHandysize Up to 40,000 U.S. grain and dry bulk shipments remain up from 2021.Handymax Up to 60,000 TheGreatLakesSeawayPartnershipefficientmodeoftransportinglargecargo, Supramax Up to 60,000 reportedmonthlytonnageforshippingsaidSamuelHankinson,PortDevelopment Ultramax Up to 65,000 throughtheSt.LawrenceSeawayforJune,Coordinator at the Port of Monroe. The fact with numbers indicating continued reliabilitythat they are being moved between two Great Panamax Up to 80,000 and productivity on the System. U.S. ports onLakes ports demonstrates the efficiency of the the Great Lakes remain leading destinationsGreat Lakes-St. Lawrence Seaway network.Kamsarmax Up to 82,000 for renewable energy, grain, and various dryJune was a strong month for the Port of Capesize Up to 200,000 bulk commodity shipments. Toledo as shipments for the year surpassed 4.5 The Seaway System moved 414,000 metricmillion short tons, up 22 percent over the same (SLOWDOWNcontinuedandrisingoilprices,moretons of grain in June, up 37 percent comparedperiod in 2021.from page 13) energyrelatedprojectsareto June 2021. Dry bulk cargo shipments wereWeenjoyedincreasesineverycargo andhavebusinessactivitieslikelytobecomeviable.Inalso up compared to last year, an increase ledcategory other than liquid bulk, said Joseph decelerate.Wearebacktosome ways this seems counterby potash (282 percent increase compared toCappel, VP of Business Development for the amoreordinaryseasonalintuitive but the price pointslastJune),pigiron(106percentcomparedToledo-LucasCountyPort Authority.Our slowdownscenariointheon alternative energies, deeptolastJune),andscrapmetal(102percentgrain tonnage is more than double what it was shortseasectorwithTCEswater oil drilling and shale oilincrease compared to last June). at the same time last year and iron ore and coal onlymarginallyslidingbecomemoreprojectviableJuneprovedtobeanothersteadyandare also up significantly.With all three of our onthebackoflowerbutwithrisingenergycosts.productivemonthforU.S.portsontheGreatmajor staple commodities ahead of last year, stillstabledemand.VesselInshort,thehigherpricesLakes St. Lawrence Seaway System, said Craigwe should expect a strong second half of our earnings keep a solid level ofcan act as a trigger to moreH.Middlebrook,DeputyAdministrator,Greatshipping season.more than 50% above thoseproject loads. LakesSt.LawrenceSeawayDevelopmentThe Port of Toledo is also in peak construction achieved 12 months ago. And there are already someCorporation.Despiteanumberofglobalseasonwithcapitalimprovementprojects And for the MPP sectorstrong signs of investments inissues out of our control, shipping on the Greatoccurring at the Toledo Shipyard, General Cargo that might be so. Historically,theMPP-Handysizesector.Lakes remains reliable and resilient. ShippersFacility, and dredge material processing center. thesectorhasbeenslowtoForexample,taketherecentaround the world know that they can count onAdditionally, the Port Authority is working with addnewtonnageandonlydealofSwireProjects,thethese ports to help get a range of goods to theirthe Ohio Department of Natural Resources on recentlywiththeriseinprojects business unit of Swirefinal destination. severalwaterqualityimprovementprojects charterrateshasrenewedShippingPte.Ltd.SwireIts estimated that U.S. Great Lakes portsinvolving the creation of wetlands in the Maumee interestandmoneypouredProjectswasestablishedintraded with at least 26 countries throughoutRiver and its tributaries.intothesector.NewMPPOctober2020toprovideJune, up from 22 in May.vesselsarebeingbuiltandspecialistshippingservicesl akeM IcHIganare often a little larger, hittingto the energy, renewable andj une HIgHlIgHts froMa MerIcang reat PortMilwaukeewasproductiveduring 28,000dwt-30,000dwt,infrastructure sector.l akes Ports June,bringinginbothbreweryandsteel affording more opportunitiesInJuly,SwireProjectsl akee rIe shipments from Europe.outsideofstrictlyprojectannouncedithadenteredThe Port of Cleveland was active in JuneWisconsin boasts a rich history of making moves. Price wise, like withintoalong-termagreementas its docks received eight inbound saltiesthingsships, cheese, brats, and of course, othervessels,thecostofwith Rord Braren, a German(ocean-going vessels) carrying steel productsbeer! Port Milwaukee recently welcomed 13 newbuildingshasgoneupshipowner, for the charter ofand containerized goods. brewing tanks from Germany that will be used andinasense,shipownersthree handysize multipurposeShippersthroughouttheMidwestandfor local beermaking and storage, said Adam buyingships,havealready(MPP)vessels.Thisistheacross Europe continue to rely on the Port ofTindall-Schlicht, Director of Port Milwaukee. experienced inflation. WhilesecondmajorplungeintoCleveland to get a range of commodities intoThe Port is proud to help ensure the Badger itisexpectedtheremightthemarketasinNovemberthe U.S., said William D. Friedman, presidentStatesiconicbrewingindustrythrivesin be some fall in shipbuilding2021Swireannouncedtheand CEO of the Cleveland-Cuyahoga Countytheyearsaheadthroughefficientshipping prices,COVID,steelandlong-termcharterofsixPortAuthority.Juneonceagainprovedsolutions that move our Made in Wisconsin otherfactors(thereisaMPP heavy lift vessels withthat our docks are well equipped to provideeconomy forward.shipbuildersstrikeinSouthNordicProjectandFinance.solutions to those looking to overcome currentDuringatimeofrisingglobalenergy Koreaatthiswriting)couldThe28,000dwthandysizesupply chain challenges. costs, the Port of Green Bay reported a strong mitigateanyrealdecrease.MPPs (or African class) wereThe Port of Monroe, Michigans only portmonth for coal imports. In June, Green Bays Andfindingaslotatabuilt between 2010 and 2011onLakeErie,beganexportingwindtowerdocks welcomed 47,679 tonnes of coal (a 180 shipyard in Asia could easilyat Huanghai shipyard, ChinasectionsinJune.Theserenewableenergypercent increase from June 2021) and saw a 16 becomeproblematical.Thisand will be renamed Pacificmaterials are headed for the Port of Oswego. percent overall domestic cargo import year-to-could put pressure on owners(SLOWDOWNcontinuedShipping on the Great Lakes is the mostdate increase.tofindsecond-handnewon page 19) (RELIABLEcontinued on page 22)ships to build a fleet.Overall, charter rates for theHandysizesectorhave bounced around over the last year.Forexample,Hudson Shippingreportedthat Handysizeddailycharter rates peaked at $37,113 back onOctober25 th ,2021.By February7 th ,2022,therate was $17,920 and by July 18th back up to $21,368.Thereistheexpectation thatHandyrates(andall theothersectorsaswell) willdeclineoverthenext fewquarters.Thereasoning islargelythatcommodity demandparticularly inChina(seeBuxbaum onChina,page12is weakening. Future (FFA) day rateassessmentsforHandy size vessel in 2023 are in the $15,000-$17,000 rangepart of an anticipated softening of the overall shipping market.MPP B oostButthecaveattothis forecast could lie within the MPPsector.Withinflation'