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So far in 2017, we have recorded thirteen sales and one charter with several more pending. Marcon ended 2016 with passing the 1,000,000BHP sold or chartered in tugs milestone with its 19th and final transaction of the year. One 5,000HP ASD tug continues to be fixed on previously arranged long-term charter in Latin America. Looking back over the past 36 years, we have averaged about 40 sales/charters per year.

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Marcon International will be closed Thursday & Friday, November 23rd & 24th for the Thanksgiving holiday.
Thursday, November 16, 2017 - According to the Paris-based, International Energy Agency’s "Oil Market Report", higher prices and relatively mild early winter temperatures contributed to a downward revision to its demand forecast.

Wednesday, November 15, 2017 - Although exchange-traded funds (ETF) are relatively new, their increased positions of oil futures contracts in recent years may have, at times, affected market liquidity and price volatility. ETFs allow smaller capitalized investors indirect access to the oil futures market. Their growth has likely contributed to the increased volume in crude oil futures trading and the number of outstanding contracts (open interest), but the effects on price direction are unclear.

Tuesday, November 07, 2017 - Baker Hughes, a GE Company (NYSE:BHGE) announced that the international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted in October 2016. The average U.S. offshore rig count for October 2017 was 21, up 3 from the 18 counted in September 2017 and down 2 from the 23 counted in October 2016.

Tuesday, November 07, 2017 - EIA estimates U.S. crude oil production averaged 9.3 million barrels per day (b/d) in October, down 90,000 b/d from the September level. Crude oil production in the Gulf of Mexico averaged 1.4 million b/d in October, which was 260,000 b/d lower than the September level. The lower production reflected the effects of Hurricane Nate.

Tuesday, October 31, 2017 - Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal.

Thursday, October 26, 2017 - South Africa produces small amounts of crude oil and natural gas and must rely on its domestic coal production to fuel its electricity sector and crude oil imports to feed its refineries.

A U.S. flag, 5,200BHP ocean-going, twin screw tug was sold by Marcon on a private & confidential basis.

Friday, October 20, 2017 - Saudi Arabia is the world’s second-largest holder of proved oil reserves, ranking second only to Venezuela, holding roughly 16% of total reserves. In 2016, Saudi Arabia was the largest exporter of total petroleum liquids (crude oil and petroleum products), with exports mostly destined to Asian and European markets.

Sunday, October 10, 2017 - Global upswing in economic activity is strengthening, with global growth projected to rise to 3.6% in 2017 and 3.7% in 2018. Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russia more than offset downward revisions for the U.S. and U.K

Thursday, October 05, 2017 - Ecuador’s energy mix is dominated by oil, although its challenging investment environment and lack of domestic refining capacity limit oil revenues.

U.S. flag, single-hull, 45,000bbl tank barge was sold on a private & confidential basis.

Of the 13,224 vessels and 3,770 barges that Marcon currently tracks, 4,982 are tugs with 593 currently officially on the market for sale worldwide, down 6.91% since August 2016 and 16.60% from August 2012.

Of the 3,770 barges and 13,224 vessels we currently track, 692 are tank barges with 50 inland and 27 ocean or coastal barges officially on the market for sale.

Wednesday, September 06, 2017 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised.

Of the 13,224 vessels (excluding barges) Marcon currently tracks, 739 are inland river pushboats with 107 officially on the market for sale (89 U.S. flag and 18 foreign flag).

Of 13,224 vessels and 3,770 barges tracked by Marcon, 3,251 are supply and tug supply boats, with 301 officially on the market for sale.

Of the 13,224 vessels and 3,770 barges Marcon tracks, 1,125 are crew, fast supply & pilot boats with 229 officially on the market for sale, plus we have 46 boats available for charter worldwide.

I have always believed in a version of the trickle-down theory, at least in tracking markets, by starting at the top to follow a Reader’s Digest summary of global growth and trade down to transportation, utilization and earnings.

Monday, September 11, 2017  Coast Guard hosting towing vessel industry outreach meetings to discuss Subchapter M regulatory compliance.

Friday, August 25, 2017 - Oman is the largest oil and natural gas producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries.

Wednesday, August 09, 2017 - Forecasters are now predicting a higher likelihood of an above-normal season, and they increased the predicted number of named storms and major hurricanes. The season has the potential to be extremely active, and could be the most active since 2010.

Friday, August 04, 2017 - The Department of Atmospheric Science at Colorado State University maintains their forecast for above-average Atlantic hurricane activity in 2017.

Tuesday, May 09, 2017 - After commissioning, passing hovering trials and a champagne christening, the world’s largest hover barge "Ghost" with its 9,000ft2 clear deck and 450 tonne payload capacity is operational and now ready-to-work. Marcon International, Inc. has been appointed as exclusive broker. (MB21082)>>>

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Marcon International, Inc. P.O.Box 1170, 9 NW Front Street, Coupeville, WA 98239 USA
Phone:360-678-8880 | Fax: 360-678-8890 | email
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