Barge Sales

Tank Barge Report

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.

Tank Barge Report

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.

ACL Buys ConAgra Barge Fleet

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

Marcon Sale

Marcon International reported the sale of 121 ft., 4,400 hp twin screw tug Dauntless (ex-E.B. McNaughton) by Crowley Marine Service to Bay Towing Corp. of Norfolk, Va. Designed by Schuller & Allan of Houston; the raised foc'sle bow tug was orginally built in 1970 at Gulfport Shipbuilding Corp., or Port Arthur, Texas to tow 15,999 dwt self-discharge urea barge Hawaii for Brewer Chemical of Hilo, Hawaii. In the mid-1980s, previous to her purchase by Crowley

10,000dwt Ocean Deck Barge Sold

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 Reports Sale of Tugs and Barges

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

Candies Announces Promotions

Otto Candies, LLC announced the promotions of P.B. Candies and Brett Candies to Co-Directors of the Traffic, Sales and Marketing Departments. Additionally, John Stevenson and Shane Candies have joined the Sales and Marketing Team. Stevenson was a former Senior Sales Representative with McDonough Marine Service. Shane Candies was the former Marketing Manager for Litton Marine Systems. Otto Candies, LLC is a Marine Transportation and Towing Contractor located in Des Allemands, Louisiana

Ensco Marine Sells Tug Supply Boat

Ensco Marine of Broussand, La. has sold its anchor handling tug supply boat Ensco Giant to Odyssea Marine. The vessel was built in 1976 by Mangone Shipyard in Houston, Texas and was fitted with a Smatco DAW-250 double drum waterfall anchor handling/towing winch. The vessel will be renamed Odyssea Giant and used in offshore anchor handling and towing in support of the new owner's offshore construction business both domestically and internationally

Conrad Industries 2010 Results and New Business

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

U.S.-based Hercules Offshore Sells Most of Inland Fleet

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