Recent months’ MGO activity has resembled a rollercoaster ride with all the ups and downs seen in all regions that we report on. When looking at the most recent months, July decreased across the board from June’s ending prices, but then by end of August, all regions were back up. Interestingly enough, despite the volatility seen, we have edged very close to where prices were one year ago end August, with three areas within 5% of last year’s prices.

Olympic Tug & Barge of Seattle, Washington has sold their harbor tug "Catherine Quigg" to U.S. East Coast buyers.

Marcon is pleased to announce the sale of a U.S. flag 52,000 barrel ocean tank barge on private terms.

The sale of the Marpol double-hull, product tanker "Tsemes" was recently concluded to direct Mexican buyers.

The U.S. flag, ABS coastal loadline, deck barge "Islander" was sold.

June 20, 2016 - The 46 CFR Subchapter M - Inspection of Towing Vessels Final Rule (FR) has been published in 81 FR 40003. The intent of the rulemaking is to promote safe work practices and reduce casualties both onboard, and caused by towing vessels.

July 20, 2016 - The Coast Guard corrected errors which refer to the date July 20, 2016 in three regulations within the Inspection of Towing Vessel final rule that appeared in the Federal Register on June 20, 2016.

The U.S. flag, inland deck barge "Lockwood 2001" was sold to U.S. Mid-West interests.

Marcon International, Inc. of Coupeville, Washington is pleased to have been appointed by Purple Water Ltd., a towing and ship design company operating from Geneva, Switzerland and London, U.K. as exclusive broker to market the shipyard licensing and construction of the new patented design, double-ended, double hull tug "Giano"® design to be built in the Americas.

Every four years, the American Society of Civil Engineers (ASCE) publishes "The Report Card for America’s Infrastructure", which grades the current state of national infrastructure categories on a scale of A through F. Since 1998, America’s infrastructure has earned persistent D averages and the failure to close the investment gap with needed maintenance and improvements has continued.

Marcon International Inc. is pleased to announce the sale of a U.S. flag inland pusher between U.S. West Coast operators.

A 90’ x 27’ U.S. flag tug built by Bollinger Machine in 1966 was sold between U.S. West Coast operators on a private & confidential basis.

Of the 13,125 vessels (excluding barges) Marcon currently tracks, 709 are inland river pushboats with 66 officially on the market for sale (55 U.S. flag and 11 foreign flag).

Of the 13,125 vessels and 3,876 barges Marcon tracks, 1,149 are crew, fast supply & pilot boats with 233 officially on the market for sale, plus we have 56 boats available for charter worldwide.

Of the 13,084 vessels and 3,860 barges that Marcon currently tracks, 4,936 are tugs with 623 currently officially on the market for sale worldwide, up 1.47% since February and down 1.42% from May 2015.

Of the 3,821 barges and 12,982 vessels we currently track, 662 are tank barges with 26 inland and 22 ocean or coastal barges officially on the market for sale.

Of the 13,081 vessels and 3,831 barges tracked by Marcon, 3,280 are supply and tug supply boats, with 291 officially on the market for sale.

Thursday, September 22, 2016 - A partial shutdown of the Colonial Pipeline system, a major source transportation fuels supply to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region.

Thursday, September 08, 2016 - Baker Hughes announces August 2016 rig counts. The average offshore rig count for the United States was 17, down 3 from the 20 that were counted in July 2016, and down 17 from the 34 that were counted in August 2015.

Thursday, September 08, 2016 - U.S. regular gasoline retail prices are expected to decline from an average of $2.18/gal in August to $1.92/gal in December. For the year, U.S. regular gasoline retail prices are forecast to average $2.08/gal in 2016 and $2.26/gal in 2017.

Monday, August 22, 2016 - According to the Paris-based, International Energy Agency’s "Oil Market Report", crude oil prices eased to around $45 bbl in August as a global supply overhang weighed and demand growth weakened.

Thursday, August 11, 2016 - In it’s updated 2016 Atlantic Hurricane Season Outlook, NOAA calls for a higher likelihood of a near-normal or above-normal season.

Thursday, August 04, 2016 - The Colorado State University Department of Atmospheric Science continues to foresee a near-average 2016 Atlantic hurricane season. ENSO is currently cool neutral, and the potential exists for weak La Niña conditions by the peak of the Atlantic hurricane season.

June 29, 2016 - Colombia experienced a dramatic rise in energy production since the implementation of regulatory reforms in 2003; however, crude oil prices have declined since 2014, which has stymied production growth.

June 22, 2016 - Azerbaijan is one of the world’s oldest oil producers, and oil and natural gas production and exports are central to Azerbaijan’s economy. Azerbaijan’s oil production has been relatively stable over the last few years, but oil revenues declined about 40% from 2014 to 2015 due to lower oil prices.

Tuesday, June 14, 2016 - For 2015, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation).

Tuesday, June 14, 2016 - India was the third largest global energy consumer behind China and the United States in 2013. Despite having notable fossil fuel resources, India has become increasingly dependent on energy imports to meet its growing demand.