Currently, Marcon International, Inc., the ship sale & chartering firm, has 62 inland tank barges available for sale, down from 124 in June 1996. Most of these are typical U.S. inland river units of approximately 30 years of age (vs. an average active U.S. inland fleet age of 24 years). Marcon also has listed and available for sale a total of 41 ocean and coastwise barges compared with 50 in June 1996. Most of these are older single skin units. Even with OPA 90 retirement dates approaching and double skins being built, the firm reports not seeing any great numbers of U.S. single hull tank barges coming on the market - especially from the ocean and coastal fleets. There is a wide split in price ranges for those vessels for sale. Older charter-free units, either out of certificate or coming up on drydocking and internal structural inspections, are being offered out at prices as low as $3.50-5.50 per BBL for inland units, $10-15 per BBL for mid-size ocean units and even as low as $3.70-4.70 for larger ocean units. Barges with both active certificates and actively trading are maintaining their higher price levels based more on the value of that trade than the bare barge itself. Asking prices for these range above $10 per BBL for inland units, $40-50 per BBL for mid-size ocean barges and $17-30 per BBL for the larger units above 16,000dwt.
Currently, Marcon International, Inc., the ship sale & chartering firm, has 62 inland tank barges available for sale, down from 124 in June 1996. Most of these are typical U.S. inland river units of approximately 30 years of age (vs. an average active U.S. inland fleet age of 24 years). Marcon also has listed and available for sale a total of 41 ocean and coastwise barges compared with 50 in June 1996. Most of these are older single skin units.
ConAgra Inc., the second largest U.S. food manufacturer, said last week it agreed to sell American Commercial Lines LLC (ACL) its large U.S. inland barge fleet and operations. Financial terms of the deal, which ConAgra said was part of ongoing series of strategic divestments, were not announced. But ACL will acquire 930 owned and chartered barges, nine chartered towboats and one dry dock, the companies said in a joint statement. The deal includes Peavey Barge Lines, Brown Water Towing Inc
The 10,000dwt, Vanuatu flagged ocean flat deck barge "DRC/Blake 1" (ex- Eide Barge 35, Pacific Horizon, MB-100, SLB-1 and SLB-2) was sold to private South American buyers, marking the second time that Marcon International, Inc. of Coupeville, Washington has sold this heavily-built unit. Marcon previously sold her from Horizon Offshore of Houston, Texas to Eide Marine Services of Norway in 2004. "DRC/Blake 1's" dimensions are 100m x 30m x 7
Marcon International, Inc. of Coupeville, Washington reported the sale of the U.S. flag, twin screw tug “Pacific Patriot” (ex-Pacific King) from Kirby Marine Offshore to U.S. West Coast buyers on private terms. This was the 300th tug brokered by Marcon and 1,351st sale or charter since the sale of the vintage and some would say very “classic” 1950s built, 135’ supply boat “Low Tide” from Tidewater in the early 1980s.
Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, received the 2014 AMS Tug & Barge Safety Award from the American Maritime Safety, Inc. (AMS) on Thursday, October 23. The award, accepted by Morty Bouchard IV, Vice President of Operations & Sales, recognizes the implementation of outstanding compliance programs that serve to enhance crewmember efficiency and the safe operation of tug and barge vessels in the U.S. coastal waters
After the earlier sale of the U.S. flag, ocean single skin petroleum tank barges "B No. 120" and "B No. 130" from Bouchard Transportation of New York and the Marshal Islands flag "450-2" from Crowley Maritime of Seattle earlier in the year to overseas interests, Marcon International, Inc. of Coupeville, WA is pleased to report the further sale of three additional large tank barges and three ocean-going tugs. All nine of
Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its fourth quarter and twelve months 2010 results and the addition of new business during the first quarter totaling $75.2 million. For the quarter ended December 31, 2010, Conrad had net income of $3.3 million and earnings per diluted share of $0.51 compared to net income of $2.8 million and earnings per diluted share of $0.43 during the fourth quarter of 2009. The company had net income of $10
Hercules Offshore agrees sale of 11 inland barge rigs, which includes three active rigs, eight cold stacked rigs and related assets (Inland Asset Package) for cash proceeds of approximately $45 million. Excluded from the 'Inland Asset Package' are the Hercules 27, for which the Company has a separate agreement to sell the rig to a third party for $5 million, the Hercules 52, and the Hercules 9. The Company will also retain existing working capital within the Inland segment
Marcon International, Inc. has brokered the sale of another tug from Crowley Marine Services, Inc. to Island Tug & Barge Co., of Seattle, Washington. Marcon inform thatt the sale of the ABS +A1, Towing, +AMS classed, 2,100BHP shallow draft ocean towing / push tug "Pt. Barrow" closed during the 3rd week of July, 2013, adding that the tug is already getting a fresh paint job with ITB's colors with her new name "Island Wind", and she will promptly be again underway
CSSC Huangpu Wenchong Shipbuilding Company has won an order to build a pair of jack-up drilling rigs for Alliance Offshore Drilling (AOD), subsidiary of Hong Kong-listed TSC Group. The two Zentech-designed R-550D rigs are scheduled to be delivered by 2017 and June 2018, respectively
Thrustmaster of Texas, Inc. has been supplying wireless remote controls for thrusters since the 1980s, offering products that are supported through their lifecycles with upgrades that result from recent technological developments. Breathwit Marine Contractors installed
Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office with the mission of supporting existing customers and expanding Voith Turbo’s footprint in the oil and gas
Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent Teekay Corporation announced today that its board of directors has declared a cash dividend on its common stock of $0.55 per share for the quarter ended June 30, 2015
Approximately three times a week, for six months of the year, trains depart from upstate New York, en route to one of three EPA-approved long-term disposal facilities. The trains, which are loaded with dewatered, PCB-containing sediments, represent the last leg of a complex environmental dredging
Combat, Patrol and Law Enforcement Vessels Meet Multiple Missions with varied business plans. U.S. firms building patrol, combat and law enforcement craft are weathering government budget cuts by strengthening ties with clients and public agencies
The multi-function PowerhouseTug & Barge (PTB) system is a novel design that utilizes electric propulsion in the barge and a tugboat with a set of generators as a power pack. This concept has two basic differences with traditional ATB (Articulated Tug & Barge) system
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235. The sale held on March 18, 2015, made 7
Odfjell today signed an agreement for the sale of Bow Balearia, Bow Bracaria and Bow Brasilia, all 5,800 dwt, built 1997/1998. The vessels are the last remaining vessels within Odfjell’s trade in the European short sea market
Ingram Barge Company sees two kinds of green in their newest venture on the inland rivers. In late March, the Paducah-McCracken County Riverport Authority and Ingram Barge Company announced plans to assess the viability of Intermodal River Transportation
An Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said. Dennis Egan, 36, of Topeka in central Illinois, and the barge owner, Egan Marine Corp
Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age. Victoria’s plans to raise $6bn by selling the port of Melbourne are in jeopardy: the opposition refuses to support legislation
Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa in return for a cash consideration of US$27.5 million and future revenue share on library late sales.
Polarcus Limited announced it has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company ASA (TGS) for the sale of its multi-client projects in Northwest Europe and West Africa (MC Projects) in return for a cash consideration of $27
Vertical turbine pumps keep barges trimmed and balanced by moving water ballast. Bearing failure at this critical time is not an option. Vesconite Hilube, an internally-lubricated polymer that can be used in wet and corrosive conditions, outperforms traditional bushing materials