Tank Barge - Past Reports

Tank Barge Market Report - April 2022

As of April, Marcon had 19 inland and 21 ocean/coastal tank barges available for sale out of 676 tracked. Rampant inflation in the commercial marine industry is causing all costs in the tank barge sector to rapidly rise. Oil prices have soared since the February 2022 Russian invasion of Ukraine and looks to continue. Newbuilding costs in the US are up roughly 40%-50% from November 2021 to March 2022, having an immediate effect on newbuilding market demand, while boosting the demand for working / certified tonnage in the US petroleum barging market. Currently the inland market has high utilization rates due to demand exceeding supply, whereas the coastal market is lagging with excess tonnage languishing on the market.

Tank Barge Market Report - Oct 2021

As of October, Marcon had 19 inland and 25 ocean or coastal tank barges available for sale out of 679 tracked, eight fewer inland but nine more ocean than was available one year ago. The tank barge market in the U.S. has continued to struggle over the past several months. Much can be attributed to reduced shipment volumes related to the Covid-19 Delta variance. Inland market utilization, which was hit hard by Hurricane Ida, should improve at a faster rate than coastal market utilization, but we hope for both to eventually settle out at pre-pandemic levels.

Tank Barge Market Report - April 2021

As of April, Marcon had 28 inland and 20 ocean or coastal tank barges available for sale out of 670 tracked, slightly more than was available one year ago. The tank barge market was in recovery mode in early 2021 as the COVID-19 pandemic eased and utilization increased. However, Winter Storm Uri dealt the industry a major setback when a majority of refineries in the Gulf of Mexico were shutdown. As of this report, utilization is nearly back to pre-Uri levels and forecast to increase as COVID re-opening continues and the economy recovers.

Tank Barge Market Report - Oct 2020

As of October, Marcon has 27 inland and 21 ocean or coastal tank barges available for sale out of 670 tracked, similar to what was available one year ago. The COVID-19 pandemic and the related economic slowdown has continued to negatively impact companies in the petroleum transportation sector during the third quarter of 2020. Marine petroleum transportation companies are moving lower volumes with lower barge utilization.

Tank Barge Market Report - April 2020

Marcon has 21 inland and 24 ocean or coastal tank barges available for sale out of 668 tracked as of April 2020, fewer than were available one year ago. The first quarter and to date second quarter 2020 have been a time of hope and despair for most of the tank barge market. Inland and coastal / ocean markets were impacted differently due to COVID-19, weather issues and impacts of the rapidly collapsing oil prices.

Tank Barge Market Report - Oct 2019

As of October, Marcon has 52 US and foreign flagged tank barges for sale, out of 680 tracked, but there has not been much appetite for the prices offered against the requirements of the Buyers. The ocean / coastal market generally remains in a situation of 'over tonnage' with too many barges, and not enough work. The inland market is reporting relatively flat day and utilization rates.

Tank Barge Market Report - April 2019

As of April, Marcon reports 59 tank barges officially on the market for sale out of 692 tracked. The market for US tank barges, both inland and coastal, shows some signs of improvement over last year in regards to general utilization levels, but sales between US Buyers and Sellers remain few.

Tank Barge Market Report - Oct 2018

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.

Tank Barge Market Report - May 2018

Marcon had 34 inland and 34 ocean or coastal tank barges officially on the market for sale out of 705 total tank barges tracked. Fewer inland barges and a few more ocean barges are available than our last report. Average ages of barges available are relatively "newer" than those available a year ago. Most likely the result of scrapping older barges.

Tank Barge Market Report - Nov 2017

Marcon had 56 inland and 26 ocean or coastal tank barges officially on the market for sale out of 701 total tank barges tracked. Inland tank barges available are steadily increasing as the inland river market continues to remain weak.

Tank Barge Market Report - Aug 2017

Marcon had 50 inland and 27 ocean or coastal tank barges officially on the market for sale out of 692 total tank barges tracked. 49 of the 77 are double-hull, of which 36 are US flag ranging in age from four to 53 years of age.