August 01, 2017: Port of Thunder Bay: Season Update
Nearly halfway into the 2017 shipping season, the Port of Thunder Bay continues to experience strong cargo volumes. Shipments of dry bulk commodities such as grain and potash are particularly notable.
Overall cargo volumes for the port are sitting 15% above average year-to-date. Port grain elevators have shipped about 350,000 metric tonnes more grain than usual as of July 31.
Potash cargoes are moving at record pace this season. Year-to-date shipments of potash have already exceeded annual results for the last four seasons, with over five months to go in the shipping season. Most potash shipments have been direct-export via saltie to ports in Brazil and Europe.
Cargo reports for the month of July were vastly similar to those of the same month last year, with the exception of course being potash shipments. For the fourth straight month, volumes of the commodity spiked, more than the doubling the ten-year average tonnage. The 87,000 metric tonnes of potash shipped during the month is higher than any July since 1988.
The month of August generally presents lower cargo volumes. A typical lull in grain shipments is expected for the coming month, before the Prairie’s fall grain harvest begins.