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Great Lakes ice blocks flow of grain, iron
Boatnerd ^ | 5/02/2014 | NA

Posted on 05/02/2014 1:44:55 AM PDT by prisoner6

Great Lakes ice blocks flow of grain, iron

5/2 - The biggest ice cover on the Great Lakes in decades is backing up shipments of everything from Canadian grain to U.S. iron and steel in one of North America's most important economic regions. The frigid winter and cool spring have hurt companies like Cliffs Natural Resources Inc. and United States Steel Corp, and also hampered efforts to clear an unprecedented buildup of grain and oilseeds in Western Canada.

The Great Lakes region accounts for nearly one third of combined Canadian and U.S. output, jobs and exports, according to a report by Bank of Montreal on April 25.

Pittsburgh-based US Steel expects reduced second-quarter income from operations due to limited production and slower shipments of raw materials and finished goods, said Chief Executive Mario Longhi on a conference call on Wednesday about first quarter results.

"Ice conditions in the Great Lakes, and particularly Lake Superior, are the worst we have seen in over 30 years," Longhi said.

Vessels traveling across Lake Superior require an escort by ice-cutting equipment, limiting the number of ships and extending travel times, he said.

Cliffs Natural Resources, based in Cleveland, Ohio, said that the Great Lakes experienced more than 70 days of -30 degrees F (-34.4 Celsius) temperatures during the winter, making it hard for Cliffs to ship iron ore pellets to North American steel makers. Some steel makers have had to reduce or idle production, Cliffs’ Chief Executive Gary Halverson said on Friday.

The late ice cover compounds a backlog of Western Canadian grain, which piled up due to the frigid winter and record harvest overwhelming Canadian National Railway Co and Canadian Pacific Railway Ltd, which move crops to port.

(Excerpt) Read more at boatnerd.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: globalwarming; profits; shipping; steel
Bold is mine. US Steel may well have reduced profits. Price of food will go up.

There is more at the boatnerd.com website. You may have to scroll down a bit to find the article.

1 posted on 05/02/2014 1:44:56 AM PDT by prisoner6
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To: prisoner6

Where’s that global warming when you need it? Just a side bar; yesterday, some east Texas cities broke a 103 year record low temp. Go figure....


2 posted on 05/02/2014 3:10:38 AM PDT by snoringbear (E.oGovernment is the Pimp,)
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To: prisoner6

You gotta expect that in May...


3 posted on 05/02/2014 3:13:39 AM PDT by stevem
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To: prisoner6
You may have to scroll down a bit to find the article.

Why not just post a link to the article?

4 posted on 05/02/2014 3:19:43 AM PDT by airborne (MY HEROES DON'T WEAR CAPES. MY HEROES WEAR DOG TAGS ! ! !)
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To: airborne

Easier said than done. It is not a particularly sophisticated web page.


5 posted on 05/02/2014 3:36:15 AM PDT by FreedomPoster (Islam delenda est)
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To: prisoner6

We didn’t listen!


6 posted on 05/02/2014 3:59:49 AM PDT by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: prisoner6

Gorebull warming strikes again, women and children hit hardest.


7 posted on 05/02/2014 4:06:46 AM PDT by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: airborne

It’s the way boatnerd is laid out. I’d have to be able to link to a line on their news page but that changes everytime something new is posted.


8 posted on 05/02/2014 4:11:34 AM PDT by prisoner6 (I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered! I AM A FREE MAN!)
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To: prisoner6

Ice jams are a result of “global warming, doesn’t everyone know that? Ask internet guru Al Gore.

Ice blocking the flow of grain and iron is akin to odumbo blocking the Keystone but using mother nature to get it done for him. He does have power of the phone and pen and somehow has stolen power from mother nature.


9 posted on 05/02/2014 4:32:23 AM PDT by DaveA37
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To: prisoner6

I don’t think food prices will go up. The grain is harvested and stored. There is a bottleneck moving it to market. This will pass.


10 posted on 05/02/2014 4:42:25 AM PDT by Former Proud Canadian
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To: Former Proud Canadian

The price of that “pure Italian pasta” might go up and to the right.


11 posted on 05/02/2014 4:55:09 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: Former Proud Canadian
CONFIRMED: Food Prices Rising – Up 19% in 2014
12 posted on 05/02/2014 4:55:20 AM PDT by blam
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To: prisoner6

I live near lake Huron and some days I’ve seen 6 or 7 freighters lined up and anchored just off the shipping lane obviously waiting to go into the upper lakes. The ferry companies that service Mackinac Island are running a limited schedule due to the unusually late Ice cover. Some ice cover may persist in upper Superior into June.

CC


13 posted on 05/02/2014 4:59:33 AM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: Celtic Conservative

Celtic Conservative, any idea when the lakes will be ice free?


14 posted on 05/02/2014 5:03:53 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: Celtic Conservative

June ice was predicted by one of the shipping tradesmen in Duluth last week.

This shipping season has already lost six or seven round trips from Superior to the lower lakes. Now if winter comes early and the boats can’t run into January, 2015, even a break even season might not be within reach.


15 posted on 05/02/2014 6:26:30 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: snoringbear

But the drought continues without relief here in Texas. We are at 50% of normal rainfall and the yard looks like a desert. This has gone on so many years I can’t count them. I can’t recall when we had “normal” rain.

Oklahoma isn’t much better. Wheat production is seriously threatened.

Lots of bad things going on in food production. Cattle numbers are way down and will go down more with continuing drought. There has been almost no recovery from the 2011 / 2012 time. Hogs are way down because of the virus. Etc.


16 posted on 05/02/2014 6:28:57 AM PDT by Sequoyah101
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To: 2001convSVT
I've heard as late as late June for the upper reaches of Superior. The southern reaches of lake Huron and the St. Clair river are a parking lot right now. Ice is out of the lower reaches of Huron and Michigan, but the straits of Mackinac on up are still filled with ice. Superior at last count was 68% ice covered.

CC

17 posted on 05/02/2014 6:58:37 AM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: Eric in the Ozarks

You’re right, it could be tough economic sledding for the great lakes carriers.

CC


18 posted on 05/02/2014 7:00:57 AM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: blam

Just eat 19% less, problem solved.


19 posted on 05/02/2014 7:04:53 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: stevem

I remember twice in the last 15 years Michigan had a killing frost on June 1. Had to replant the garden both times and some annual flowers died...


20 posted on 05/02/2014 8:30:05 AM PDT by goat granny (.)
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To: prisoner6

There’s so much global cooling here in Indiana that all the dandelions are shriveled and hugging the ground for warmth.


21 posted on 05/02/2014 8:31:43 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: Celtic Conservative
Add to this, the EPA’s new fuel spec that takes effect in 2015. No more N6 blends for the Pielsticks.

N2 will average $1/gallon higher. Figure 70,000 gallons every 5-6 days. That's a pinch in the pocketbook !

22 posted on 05/02/2014 9:24:31 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: Celtic Conservative
Thank you CC, I hope it melts before then.
23 posted on 05/02/2014 10:06:13 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: prisoner6; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; alrea; ...
DOOMAGE!

Global ?Warming? PING!

You have been pinged because of your interest in environmentalism, alarmist wackos, mainstream media doomsday hype, and other issues pertaining to global warming.

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Please ping me to all note-worthy threads on global warming.

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24 posted on 05/02/2014 9:57:08 PM PDT by Tolerance Sucks Rocks (The PASSING LANE is for PASSING, not DAWDLING)
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To: Celtic Conservative

Ice will keep water from evaporating and the lakes will start coming up to their historically normal levels. Isn’t this a ‘good thing’ in the long run?


25 posted on 05/03/2014 9:55:49 AM PDT by GOPJ
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To: blam

BFL Post 12.


26 posted on 05/03/2014 10:50:59 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Diana in Wisconsin; Former Proud Canadian
Did you miss this earlier post?

The Real Inflation Fear - US Food Prices Are Up 19% In 2014

27 posted on 05/03/2014 12:16:12 PM PDT by blam
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To: blam

I did. I’m ‘supposedl’y working today. *SMIRK*


28 posted on 05/03/2014 12:32:36 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: blam

Stop it. I know food prices are up. I don’t think ice on the Great Lakes is exacerbating the problem.


29 posted on 05/03/2014 2:22:26 PM PDT by Former Proud Canadian
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To: Former Proud Canadian
"Stop it. I know food prices are up. I don’t think ice on the Great Lakes is exacerbating the problem."

You're the first to mention the price of food in this article about ice on the Great Lakes.

I was just pointing out that the price of food is already up an unbelieveable 19% (This Year) without the Great Lakes ice as an issue.

You stop it!

30 posted on 05/04/2014 2:51:51 PM PDT by blam
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