Personal Watercraft Insurance, What Low Water Levels Mean for Commerce
When the water levels drop this low it is detrimental for commercial boating traffic in the Great Lakes. It is a potential economic and financial impact for local and international trade.
The Great Lakes are important for shipping, with many commercial ships ferrying commodities to various harbors. When water levels are lower, ships need to have lighter loads rather than filling to capacity, which impacts their profitability. Typically the prices for items they ship, such as coal, will increase and be passed on to consumers.
