Current Market Reports
Marcon reports 547 tugs officially on the market for sale out of 5,038 tracked. This is down 6.5% 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 March, Marcon has sold three tugs so far this year with two about 21 year olds selling for region $1,400-$1,500/BHP and the third, 41 years of age and in the right place at the right time, selling for $374.44/BHP. In 2018, 18 tugs were sold for an average $84.39/BHP with an average age of 37 years.
Marcon reports 109 push boats officially on the market for sale out of 763 tracked. This is up six from our last report published in August 2018. This is two more than one year ago, February 2018, and 24 more than February 2014. The average age of all push boats in the market through Marcon is 46 years, compared to 43 years last February and 42 years old February 2014. Older units are being pushed onto the market due to consolidation of the inland market and new or pending safety regulations.
Marcon reports 62 tank barges officially on the market for sale out of 700 tracked. This is down 20 vessels or 24.39% from one year ago. Inland and coastal utilization is in the 80-90% range. There is a shortage of 25-50,000BBL ocean tank barges, countered by too many 80,000BBL and above available.
Marcon reports 211 crew, fast supply and pilot boats officially on the market for sale out of 1,116 tracked worldwide. This is down 18 from one year ago. Offshore service vessels, including crewboats, have been selling, but only at bargain prices compared to their 2014 highs. Prices of a few select vessels have increased, but trying to predict when the offshore market will see a steady comeback remains elusive.