Tidewater Camp News

Marcon Sees Crewboat Revitalization

Marcon International presently has 102 crewboats officially available for sale, both domestically and abroad. As brokers, the company is starting to see signs of a revitalization in the crewboat market, and it has been perceived by most parties that day rates have bottomed out in the U.S Gulf. Utilization has been steady for the crewboat market, with increasing utilization and fairly steady rates. The main interest at this time, on behalf of owners/operators, still remains in the larger vessel market (120 ft. and larger). Daily rates for the 120 ft. crew boats are running just under the $1,800/day range, while 130 ft. vessels are commanding levels slightly above the $2,000/day range, depending upon the duration of work, etc.