Tug Boat - Past Reports

Tug Market Report - Aug 2018

Marcon reports 523 tugs officially on the market for sale out of 5,057 tracked. This is down 11.8% 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 August, Marcon has sold 12 tugs so far in 2018 with an average price per BHP of $64.84 and average age of 39 years, reflecting owners selling off under-utilized or laid up vessels at bargain prices.

Tug Market Report - Nov 2017

Marcon had 635 tugs officially on the market for sale out of 5,025 tracked. Owners continue to try to sell viable units, though we still see a number of older and lower horsepower tugs going to scrap yards.

Tug Boat Market Report - Aug 2017

Marcon had 593 tugs officially on the market for sale out of 4,982 tracked. Inventory for sale dropped as more vessels were scrapped due to age and lack of work.

Tug Boat Market Report - Aug 2016

Marcon had 637 tug boats officially on the market for sale out of 4,945 tracked. The second-hand market has seen an increase in newer boats being offered for sale, many are ASDs out of Southeast Asia and the Far East.

Tug Market Report - May 2016

Marcon had 623 tugs officially on the market for sale out of 4,936 tracked. 32% of tugs available were built within the past 10 years, are newbuilding re-sales or currently under construction, while 11% of the tugs are over 50 years old.