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Sunday, February 17, 2019

Great Lake News

File Image (AdobeStock / © Taras)

Coast Guard Proposes Annual Great Lakes Pilotage Increase

“When somebody says it’s not about the money, it’s about the money.” – H.L. Mencken, American journalist and essayist, 1880-1956.This report is about Great Lakes pilotage rates. It’s all about the money. In fact, it’s hard to find someone who even suggests that it’s not about the money.For fifty or so Great Lakes pilots, it’s about cold hard cash: now. For others, say, vessel owners, it’s about wasted resources, about lost chances for a more efficient and sustainable system; “opportunity costs,” as economists like to say.

File photo: Tauri Minogue

US Ocean Economy Sees Large Growth -NOAA

In 2012, U.S. The U.S. ocean economy outpaced the domestic economy between 2011 and 2012, with an increase of $22 billion in gross domestic product, from $321 billion to $343 billion, according to a new National Oceanic and Atmospheric Administration (NOAA) analysis. Adjusting the figures to remove the effects of inflation, this increase equates to a 10.5 percent rate of growth—more than four times as fast as the U.S. economy as a whole. The report is based on 2012 U.S. national economic statistics released in August 2014.

Sloman Herakles: Photo credit Port of Indiana

Earlybird 2013 Great Lake Port Arrivals

The Port of Indiana-Burns Harbor celebrates the opening of the St. Lawrence Seaway 2013 international shipping season with the recent arrival of two vessels. On March 22, the St. Lawrence Seaway opened its locks for ocean vessels from around the world to enter the Great Lakes and deliver cargo to U.S. and Canadian ports for the 55th annual international shipping season. The 2,340-mile deep draft waterway is open to ocean vessels from mid-March through December, connecting the Atlantic Ocean to the heart of North America.