{"id":123801,"date":"2020-07-10T10:27:02","date_gmt":"2020-07-10T02:27:02","guid":{"rendered":"https:\/\/splash247.com\/?p=123801"},"modified":"2020-07-10T16:54:31","modified_gmt":"2020-07-10T08:54:31","slug":"keystone-shipping-lays-up-three-great-lakes-bulkers-and-lays-off-94-employees","status":"publish","type":"post","link":"https:\/\/splash247.com\/keystone-shipping-lays-up-three-great-lakes-bulkers-and-lays-off-94-employees\/","title":{"rendered":"Keystone Shipping lays up three Great Lakes bulkers and lays off 94 employees"},"content":{"rendered":"\n

Pennsylvania-based Great Lakes bulker operator Keystone Shipping has sent three of nine bulkers in its fleet into layup due to a major decline in demand, reports Duluth News Tribune<\/em>.<\/p>\n\n\n\n

Keystone Shipping’s subsidiary Key Lakes will lay up its 27,100 dwt Philip R Clarke<\/em>, 75,400 dwt Edgar B Speer<\/em> and 47,300 dwt Roger Blough<\/em> until the demand for bulk cargo shipping on the Great Lakes returns.<\/p>\n\n\n\n

Additionally, the company has also laid off 94 employees in order to cut operating costs.<\/p>\n\n\n\n

“Key Lakes was unable to provide a greater amount of advance notice of these layoffs, due to unforeseeable business circumstances relating to the current COVID-19 pandemic and the economic decline relating to that pandemic,” Tim Callahan, senior accounting officer of Keystone Shipping said in a letter sent to the mayor of Duluth, where the company is based.<\/p>\n\n\n\n

The Lake Carrier’s Association wrote in its latest report that Great Lakes shipments of iron ore tallied 4m tons in June, a decline of almost 30% year on year, as a number of mines and taconite plants are still idled.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pennsylvania-based Great Lakes bulker operator Keystone Shipping has sent three of nine bulkers in its fleet into layup due to a major decline in demand, reports Duluth News Tribune. Keystone Shipping’s subsidiary Key Lakes will lay up its 27,100 dwt Philip R Clarke, 75,400 dwt Edgar B Speer and 47,300 dwt Roger Blough until the …<\/p>\n","protected":false},"author":6,"featured_media":123802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[71,57],"tags":[200],"yoast_head":"\nKeystone Shipping lays up three Great Lakes bulkers and lays off 94 employees - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/keystone-shipping-lays-up-three-great-lakes-bulkers-and-lays-off-94-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keystone Shipping lays up three Great Lakes bulkers and lays off 94 employees - Splash247\" \/>\n<meta property=\"og:description\" content=\"Pennsylvania-based Great Lakes bulker operator Keystone Shipping has sent three of nine bulkers in its fleet into layup due to a major decline in demand, reports Duluth News Tribune. 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