Current Market Reports

Marcon has 21 inland and 24 ocean or coastal tank barges available for sale out of 668 tracked as of April 2020, fewer than were available one year ago. The first quarter and to date second quarter 2020 have been a time of hope and despair for most of the tank barge market. Inland and coastal / ocean markets were impacted differently due to COVID-19, weather issues and impacts of the rapidly collapsing oil prices.

Marcon reports 225 crew, fast supply and pilot boats officially on the market for sale out of 1,152 tracked worldwide. Marcon sold a 16.7m 2009-built crew boat between South American parties recently. Unfortunately, nothing has really changed in the market since our March 2019 report. The market is as bad or worse than it has been since 2015 and there is no improvement in sight. As brokers we are aware of some other sales, but these are far and few between and at greatly reduced prices.

Marcon reports 523 tugs officially on the market for sale out of 5,057 tracked. This is down 11.8% from one year ago, mostly due to scrapping of older, lower horsepower tugs. There is still demand for good, higher horsepower, modern tugs, especially ASDs. As of end August, Marcon has sold 12 tugs so far in 2018 with an average price per BHP of $64.84 and average age of 39 years, reflecting owners selling off under-utilized or laid up vessels at bargain prices.

Marcon was tracking 3,251 supply and tug supply boats, with 301 officially on the market for sale.