marcon international, inc. p.o. box 1170, 9 nw front ... · plate in the us, east of the...

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Marcon International, Inc. Vessels and Barges for Sale or Charter Worldwide www.marcon.com Details believed correct, not guaranteed. Offered subject to prior sale of charter. P.O. Box 1170, 9 NW Front Street, Suite 201 Coupeville, WA 98239 U.S.A. Telephone (360) 678 8880 Fax (360) 678-8890 E Mail: [email protected] http://www.marcon.com August 2017 Tank Barge Market Report Following is a breakdown of both foreign and U.S. tank barges officially on the market and available through Marcon. Not included are those barges not officially on the market, which we may be able to develop on a private and confidential basis. Listed Inland Tank Barges Barrel Capacity Under 10,000 10,000- 19,999 20,000- 29,999 30,000- 39,999 40,000- 49,999 50,000 Plus * Total Jan 1998 31 18 12 0 0 61 Jan 1999 31 14 11 1 0 57 Jan 2000 33 12 14 0 0 59 Feb 2001 22 14 11 0 0 47 Mar 2002 22 7 10 1 0 40 Mar 2003 28 18 19 4 1 70 Mar 2004 21 35 26 15 3 100 Mar 2005 19 44 40 8 4 1 116 Mar 2006 10 37 21 5 2 1 76 Mar 2007 6 9 4 0 0 2 21 Mar 2008 10 4 6 2 1 0 23 Mar 2009 12 8 7 5 1 0 33 Feb 2010 8 6 6 8 1 0 29 Feb 2011 10 13 4 4 2 0 33 Feb 2012 6 5 3 0 0 0 14 Feb 2013 5 16 8 0 1 0 30 Feb 2014 14 16 16 1 1 1 49 Feb 2015 9 11 10 1 1 0 32 Feb 2016 6 9 5 1 3 2 26 Aug 2016 9 9 10 2 6 2 38 Nov 2016 7 11 9 12 2 2 43 Feb 2017 7 9 8 11 2 2 39 May 2017 6 8 6 16 2 2 40 Aug 2017 Worldwide 6 16 8 16 2 2 50 Aug 2017 U.S. 2 12 5 16 0 1 36 Aug 2017 - Foreign 4 4 3 0 2 1 14 Avg. Age - Worldwide 1981 1984 1993 1999 2000 1988 Avg. Age U.S. 1943 1985 1985 1999 0 1993 Avg. Age - Foreign 2000 1983 2006 0 2000 1982 Charter - Worldwide 1 1 2 1 0 0 5 Charter U.S. 1 1 2 1 0 0 5 Charter - Foreign 1 1 2 1 0 0 5 Up Since Last Report Down Since Last Report * Before June 2004 40,000BBL plus barges were grouped together 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. Seven of the 50 inland barges are 10 years of age or less. Twenty-two or 44.0% of the inland barges are 25 years of age or over. Five years ago 26 inland tank barges were for sale, with 50.0% 25 years of age or older. The oldest inland tank barge listed today is a 74 year old, 9,000BBL tank barge used for transporting #2 oil in the U.S. Great Lakes. This old lady is counterbalanced by one propelled, foreign-flagged 2012-built 270mt capacity bunker barge located in the Middle East. Six double hull inland barges listed in the Americas from 11,066-30,000BBL capacity were built after 2000. Twelve more barges are available than one year ago with an average age of 26 years versus 24 years then. Compared to five years ago, 24 more barges are listed with an average age of 29 years. Owners are continuing to lay-up and sell off excess assets.

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Page 1: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Vessels and Barges for Sale or Charter Worldwide

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

P.O. Box 1170, 9 NW Front Street, Suite 201 Coupeville, WA 98239 U.S.A. Telephone (360) 678 8880 Fax (360) 678-8890 E Mail: [email protected]

http://www.marcon.com

August 2017

Tank Barge Market Report Following is a breakdown of both foreign and U.S. tank barges officially on the market and available through Marcon. Not included are those barges not officially on the market, which we may be able to develop on a private and confidential basis.

Listed Inland Tank Barges Barrel Capacity Under

10,000 10,000- 19,999

20,000- 29,999

30,000- 39,999

40,000- 49,999

50,000 Plus *

Total

Jan 1998 31 18 12 0 0 61

Jan 1999 31 14 11 1 0 57

Jan 2000 33 12 14 0 0 59

Feb 2001 22 14 11 0 0 47

Mar 2002 22 7 10 1 0 40

Mar 2003 28 18 19 4 1 70

Mar 2004 21 35 26 15 3 100

Mar 2005 19 44 40 8 4 1 116

Mar 2006 10 37 21 5 2 1 76

Mar 2007 6 9 4 0 0 2 21

Mar 2008 10 4 6 2 1 0 23

Mar 2009 12 8 7 5 1 0 33

Feb 2010 8 6 6 8 1 0 29

Feb 2011 10 13 4 4 2 0 33

Feb 2012 6 5 3 0 0 0 14

Feb 2013 5 16 8 0 1 0 30

Feb 2014 14 16 16 1 1 1 49

Feb 2015 9 11 10 1 1 0 32

Feb 2016 6 9 5 1 3 2 26

Aug 2016 9 9 10 2 6 2 38

Nov 2016 7 11 9 12 2 2 43

Feb 2017 7 9 8 11 2 2 39

May 2017 6 8 6 16 2 2 40

Aug 2017 – Worldwide 6 16 8 16 2 2 50

Aug 2017 – U.S. 2 12 5 16 0 1 36

Aug 2017 - Foreign 4 4 3 0 2 1 14

Avg. Age - Worldwide 1981 1984 1993 1999 2000 1988

Avg. Age – U.S. 1943 1985 1985 1999 0 1993

Avg. Age - Foreign 2000 1983 2006 0 2000 1982

Charter - Worldwide 1 1 2 1 0 0 5

Charter – U.S. 1 1 2 1 0 0 5

Charter - Foreign 1 1 2 1 0 0 5

Up Since Last Report Down Since Last Report * Before June 2004 40,000BBL plus barges were grouped together

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. Seven of the 50 inland barges are 10 years of age or less. Twenty-two or 44.0% of the inland barges are 25 years of age or over. Five years ago 26 inland tank barges were for sale, with 50.0% 25 years of age or older. The oldest inland tank barge listed today is a 74 year old, 9,000BBL tank barge used for transporting #2 oil in the U.S. Great Lakes. This old lady is counterbalanced by one propelled, foreign-flagged 2012-built 270mt capacity bunker barge located in the Middle East. Six double hull inland barges listed in the Americas from 11,066-30,000BBL capacity were built after 2000. Twelve more barges are available than one year ago with an average age of 26 years versus 24 years then. Compared to five years ago, 24 more barges are listed with an average age of 29 years. Owners are continuing to lay-up and sell off excess assets.

Page 2: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

2

Listed Ocean and Coastal Tank Barges Barrel Capacity Under

10,000 10,000-19,999

20,000-29,999

30,000-39,999

40,000-49,999

50,000-59,999

60,000-69,999

70,000-79,999

80,000-89,999

90,000-99,999

100,000 Plus

Total

Mar 2002 22 7 10 1 0 0 0 0 0 0 0 40

Mar 2003 28 18 19 4 1 0 0 0 0 0 0 70 Mar 2004 2 15 7 2 2 9 0 0 0 0 0 37 Mar 2005 5 9 5 1 0 1 0 2 1 4 3 31 Mar 2006 3 6 9 3 2 1 0 0 1 0 0 25 Mar 2007 2 11 9 2 3 1 2 0 0 2 3 35 Mar 2008 5 12 10 3 1 1 2 2 0 1 2 39 Mar 2009 5 6 15 8 5 5 4 3 0 1 5 57 Feb 2010 3 15 17 7 3 5 6 6 1 3 10 76 Feb 2011 6 4 18 11 2 6 4 5 1 1 6 64 Feb 2012 5 4 7 7 5 3 0 1 1 1 0 34 Feb 2013 7 3 7 6 4 3 0 2 1 2 2 37 Feb 2014 5 7 8 10 2 1 0 1 1 1 0 36 Feb 2015 4 7 6 12 3 1 0 0 2 1 0 36 Feb 2016 3 3 3 4 1 2 0 1 4 1 0 22 May 2016 3 6 4 4 1 2 0 1 3 1 0 25 Aug 2016 3 6 5 3 1 2 0 1 2 1 2 26 Nov 2016 3 6 7 3 1 2 0 1 2 1 2 28 Feb 2017 3 6 5 3 1 2 0 1 2 0 2 25 May 2017 3 6 4 3 1 1 0 1 4 0 3 26 Aug 2017 - Worldwide 3 4 3 3 1 1 0 2 4 0 6 27 Aug 2017 – U.S. 0 0 0 0 1 1 0 1 3 0 6 12 Aug 2017- Foreign 3 4 3 3 0 0 0 1 1 0 0 15 Avg. Age - Worldwide 1995 1999 2008 2004 1976 1971 0 1981 1987 0 1986 Avg. Age - U.S. 0 0 0 0 1976 1971 0 1990 1991 0 1986 Avg. Age - Foreign 1995 1999 2008 2004 0 0 0 1971 1976 0 0 Charter - Worldwide 2 1 1 0 0 1 0 0 0 0 0 5 Charter - U.S. 0 1 0 0 0 1 0 0 0 0 0 2 Charter - Foreign 2 0 1 0 0 0 0 0 0 0 0 3

Up Since Last Report Down Since Last Report Before June 2004 all 50,000BBL plus barges were grouped together

Of the 27 ocean/coastal barges, five are 10 years of age or less. Eleven or 40.7% of the ocean & coastal barges are 25 years of age or over with the oldest one, a U.S. flagged, double-hull, 119,000BBL barge, built in 1970 and retrofitted in 2006. This is countered by two newly built 250’, 36,000BBL double hull oil barges. In August 2012, 66.7% of the 24 ocean and coastal barges listed for sale were 25 years of age or over, with the oldest barge being a 1967-built 25,000BBL barge in Canada. Total ocean/coastal barges available for sale now is fairly consistent with one and five years ago. Average age of all ocean/coastal barges for sale today is 25 years old (1992), compared to 29 years (1987) last year and five years ago (1983). Thirty-six of the inland tank barges which Marcon has today listed for sale are located in the U.S., followed by six in Europe, two each with a presently unknown location, in the Caribbean and in Latin America and

one each in the Mediterranean and the Mid-East. Eleven each ocean / coastwise barges listed for sale are in the U.S., followed by eight in Southeast Asia, three in Africa, two in Canada and one each in the Europe, the Far East and the Mid-East. Forty-nine of the 77 tank barges Marcon has listed for sale worldwide are double hull. Thirty-six of these are U.S. flag of which four are eight years old, 12 are 12 – 17 years old and the rest are 21 - 53 years of age. The foreign double-hull barges range from a new build in the Far East up to 35 years old in the Mediterranean.

Page 3: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

3

Marcon’s Recent Sales To-date this year, Marcon has sold eight vessels & barges, with our first two sales one ocean tank barge totaling 82,000bbl capacity and a 5,451mtdw combo ocean deck/tank barge. In 2016, Marcon sold or chartered 19 vessels & barges, including three ocean tank barges totaling 110,000bbl and one 3,797dwt tanker. Since 1981, Marcon International has closely followed the tug, barge and offshore petroleum markets with over 1,418 vessels and barges sold or chartered worldwide. Sales include 91 ocean tank barges totaling 6.919 million BBL capacity (abt. 934,998dwt), 63 inland tank barge total 1.031 million BBL capacity (abt. 139,304dwt), 323 tugs (1,009,457BHP), 228 ocean & inland ocean deck barges (1,049,157dwt), 127 hopper barges, four tankers (7,794dwt) and one 2,995dwt LNG/LPG carrier.

U.S. Shipyard & New Construction News According to Colton Co., so far in 2017, as of June 5th, one over 5,000GT and 36 under 5,000GT tank barges have been delivered from U.S. shipyards. In 2016, nine over 5,000GT and 100 under 5,000GT were delivered. Whereas in 2015, seven over 5,000GT and 117 under 5,000GT were delivered from U.S. shipyards.

Name Builder Owner/Operator Type of Vessel GT Date

Onedream Gunderson Marine  Harley Marine 407' Tank Barge 6,483 24-May-17

2017 Deliveries of Tank Barges > 5,000GT Sorted by Owner/Operator

Builder Qty Name Owner/Operator GT Ft. Last Del'y

Southw est SY 3 CBC 1390-2 Canal Barge Line 735 200 17-Apr

Southw est SY 3 CBC 1394-6 Canal Barge Line 735 200 17-Apr

Unknow n 1 DBL-250 Devall Barge Line 846 200 17-May

Southw est SY 1 Kayo Devall Barge Line Llc 2,734 304 17-Apr

Orange SB 1 Kelso Devall Barge Line Llc 3,302 304 17-Mar

JeffBoat 2 FMT 1074/6 Florida Marine 735 200 17-Feb

JeffBoat 4 HFL 3012 to 15 Hines Furlong Line 1,619 297 17-Mar

JeffBoat 2 HFL 3016 to 17 Hines Furlong Line 1,619 297 17-Mar

Trinity Ash. City 6 HFL 3006 to 11 Hines Furlong Line 1,619 297 17-Mar

West Gulf Marine 2 Kirby 29062 to 3 Kirby Marine 1,632 300 17-Mar

Lebeouf Bros 1 Gonsoulin 550 Lebeouf Bros Tow ing 1,619 297 17-Feb

National M. & R. 1 MGI-F10 McGinnis Llc 320 130 17-Mar

C. & C. Marine 1 AXL 107 Suntrust Equipment 705 200 17-Mar

C. & C. Marine 1 AXL 108 Suntrust Equipment 705 200 17-Mar

C. & C. Marine 1 T E Deutsch Suntrust Equipment 705 200 17-Mar

C. & C. Marine 1 Alice J Suntrust Equipment 705 200 17-Mar

C. & C. Marine 1 AXL 109 Suntrust Equipment 705 200 17-Apr

C. & C. Marine 1 AXL 112 Suntrust Equipment 705 200 17-May

Sterling SY 1 Thomas Desmond Unknow n 1,894 232 17-Apr

Trinity Ash. City 1 E2MS 101 Unknow n 735 200 17-May

Conrad SY 1 Double Skin 510 Vane Line Bunkering 4,317 345 17-Feb

2017 Deliveries of Tank Barges <5,000GT Sorted by Owner/Operator

Page 4: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

4

According to a 28th August, 2017 SteelBenchMaker report, standard steel

plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt, up 10.99%.

On May 19, 2017, SeaOne Caribbean,

LLC and Samsung Heavy Industries Co., Ltd. signed a Letter of Intent for the construction of 12 Articulated Tug/Barge (AT/B) marine vessels. Featuring SeaOne’s patented CGL®technology and systems that includes the CGL containment system, the 260m marine vessels will be the world’s largest and most powerful AT/Bs and will operate in the Caribbean and Central American regions. The AT/B marine vessels will be used to transport and deliver a CGL (Compressed Gas Liquid) cargo to customers in support of the SeaOne Caribbean Fuels Supply Project. To meet cargo delivery requirements, the AT/Bs will be fitted with IMO Tier III diesel engines sized to attaina service speed of over 14 knots. “SeaOne has been working with SHI for a while now and we have found them to be a proactive company that listens to new ideas in the gas and liquids transportation business and provides constructive input into the design of the CGL transportation vessels. We are pleased to have SHI as part of the project”, noted Dr. Bruce Hall, President and COO for SeaOne. “We are delighted to participate in SeaOne Caribbean’s Fuels Supply Project with the construction and supply of the Articulated Tug and Barges, and hope to builda lasting relationship with SeaOne hereafter,” noted Daniel Cho, Vice President of Samsung Heavy Industries’ Rig & Industrial Ship Marketing.The CGL Containment System is treated as an independent cargo and is not integral to the vessel design. The AT/B cargo holds will be kept at a temperature minus 40ºF/C while the containment system is full resulting in no sloshing or boil off and no retention of a gas blanket after offloading of the cargo. As the Classification Society, the American Bureau of Shipping has worked steadily with SeaOne from the outset of the project to help ensure the vessels will comply with the highest standards of construction and safe operation. The AT/Bs, designed by OceanTug & Barge Engineering Corp., will fly the flag of the Republic of the Marshall Islands. The signing of the LOI for the AT/Bs is a major milestone in SeaOne’s extensive Caribbean Fuels Supply Project. The project being undertaken to develop an environmentally-friendly, lowest cost, and safe means of transporting gas and gas liquids together as a single cargo. “This is certainly an industry game-changer,” noted Forrest Hoglund, Chairman and CEO of SeaOne. “This project will provide to the region, for the first time, the lowest costof fuel while reducing emissions substantially. This shall have a significant positive impact oncurrent socio-economic benefits to this region” Fincantieri Bay Shipbuilding (FBS), Sturgeon Bay, Wis., has delivered the second articulated tug-barge unit (ATB), the tug “Paul McLernan” and the 155,000bbl “Kirby 155-02”, to Kirby Corp. This completes the original contract signed back in 2014, with the first ATB being delivered in the fall of 2016. The 6,000HP “Paul McLernan” measures 123’x38’x22′ and is equipped with state-of-the-art navigation and communications technology. The 155,000-bbl., 521’x72’x41′ “Kirby 155-02” is purpose-built to carry petroleum or chemical cargoes domestically. FBS has been very

successful over the years with a strong commitment to its customers resulting in significant repeat business, according to FBS officials. Todd Thayse, Fincantieri Bay Shipbuilding vice president and general manager, said in a prepared statement that the contract with Kirby to build a pair of ATBs was significant for FBS. “This vessel is expected to

exceed performance expectations as her sister vessel has already done over the past year. We are thankful for the loyalty and confidence our customers have demonstrated over the years, and we look forward to future newbuild programs with Kirby.” Kirby currently operates several ATB units built by Fincantieri Bay Shipbuilding in the mid-2000s. (Photo of sister ATB, Fincantieri Bay Shipbuilding photo.)

Page 5: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

5

Vigor recently launched the “Harvest”, the first complex liquefied ammonia transport barge built in the United States for Jones Act trade since 1982. The vessel was constructed to support the operations of The Mosaic Company, the world’s leading integrated producer and marketer of concentrated

phosphate and potash. The “Harvest” will be operated by a subsidiary of Savage Companies as part of an articulated tug and barge (ATB) unit. “This is a significant project for both the maritime industry and our community,” notes Vigor CEO, Frank Foti. “We’ve worked hard to bring together a family of companies designed to take our complex fabrication capabilities to the next level and bring new work to the Pacific Northwest.”

Over the last 23 months, the project supported approximately 1,500 American jobs and involved close to a million labor hours at Vigor facilities in Oregon and Washington and subcontractors throughout the region. Teams used 9,000 tons of American rolled steel to complete the 508’ x 96’ ATB tank barge. The industries behind large marine vessels and complex metal structures in Oregon and Southwest Washington provide economic balance to the region and strengthen the middle class by employing the industrial artisans whose passion and skills are attracting new business to the area and creating family-wage jobs. “The NH3 barge project brings our vision to life,” said Foti. “It combines Vigor’s capabilities in large vessel construction with decades of experience building complex structures like nuclear containment devices, dam lift gates and bridges. It’s proof that the industrial artisans who are a huge part of the Portland and SW Washington economies are the reason we are nationally competitive.” Successful completion of the first US flagged liquefied gas carrier built in decades hinged on extensive project planning and management between Vigor, multiple contractors, designers and its customer, Savage. Careful integration of various complex systems was required to support the “Harvest’s” state-of-the-art, onboard re-liquefaction plant that keeps cargo cooled to -27 degrees Fahrenheit. Vigor subcontractor JH Kelly, based in Longview, Washington, was a key partner in this effort, providing the onboard electrical work as well as fabrication and installation of the cargo piping systems for the plant. Built to the highest ABS (American Bureau of Shipping) and U.S. Coast Guard safety standards, the first-in-class “Harvest” was completed on an aggressive timeline. “It was an honor to partner with Savage and Mosaic on this project,” said Joe Corvelli, Vigor SVP and Program Manager. “It was their close collaboration throughout the vessel construction that helped maintain an efficient and well-executed build.”

Savage, one of the country’s leading supply chain solutions companies, has been steadily increasing its footprint in the marine industry. “We chose Vigor for this project following an extensive search. Their unique capabilities combined with our shared

commitment to safety and environmental integrity were key drivers in our decision,” said Kirk Aubry, Savage President and CEO. “We’ve been extremely pleased with Vigor’s focus on safety and commitment to quality throughout the construction process. We look forward to operating the ATB and providing transportation services to support this critical link in Mosaic’s supply chain.” The “Harvest” measures 508.0' loa x 503.0' lbp x 96.0' beam x 51.0' depth x 26.60' loaded draft. Classification: ABS +A1 Liquefied Gas Tank Barge / USCG. Dwt: 22,000st. Four Type A Prismatic tanks. Cargo tank capacity is 22,000ST at 96%. Fuel Oil capacity: 27,250g. Power is provided by five generators total, four 490kW and one 163kW.

Page 6: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

6

Bunker Prices Worldwide July 2017’s month-end prices ended on an upswing compared to June’s, with year-over-year prices within 10.14% to 25.71% compared to July 2016. Fujairah posted a 0.73% increase, end July, closing at US$ 554.0/mt from June’s US$ 550.0/mt. July 2016 closed at US$ 503.0/mt, 10.14% above last year. In the US, Houston recovered its loss from June, ending up 7.81% from June’s US$ 448.0/mt, closing at US$ 483.0/mt, which is 15.14% above last year’s US$ 419.5/mt. Rotterdam increased from June closing up 9.35% to US$ 462.0/mt from US$ 422.5/mt, and is above last July’s US$ 367.5/mt by 25.71%. Rounding out the regions we regularly monitor is Singapore which had a 10.88% increase from June, closing at US$ 484.0/mt from US$ 436.5/mt, and is up by 23.79% or US$ 93.0/mt from July 2016. Since the end of July, MGO prices are up slightly in all locations tracked, with Fujairah up 0.45%, Houston up 2.48%, Rotterdam had an increase of 1.73% and wrapping up with Singapore gaining 0.41%. Every day seems to bring either up- or down-swings in prices, depending on if OPEC countries are cutting back, non-OPEC countries are producing more, or, even like today’s headlines, oil prices are down because of the escalating tensions between the U.S. and North Korea. The last time any of the regions we followed reported prices at US$ 1,000+/mt was February 2014 in Houston and the last time we saw US$ 600/mt was November 2015 in Fujairah. Since then, tracking prices has been like following a bouncing ball, leaving one to ask if any of the uncertainty surrounding driving forces for oil prices is ever going to lessen. Forward looking indicators seem to say “not yet”.

Kirby Corp. provides a good snapshot of both fuel prices and movement of petroleum cargoes in

the U.S. inland river market. Their second quarter 2017 data shows that their average 220 towboats operating 849 inland tank barges paid an average of US$ 1.72/gal, compared to $1.78/gal the prior quarter and $1.35/gal during same quarter 2016. In the inland market, barge utilization was in the mid-80% to high 80% range for the quarter, compared to the high 80% to low 90% range in the first quarter. Operating conditions improved due to better

weather, which enhanced operating efficiency and drove lower utilization compared to the first quarter. Seasonally weak demand for the transportation of agricultural chemicals also drove modestly lower sequential utilization. Demand for inland tank barge transportation of petrochemicals and black oil was stable year-over-year, while demand for refined petroleum products and agricultural chemicals was lower. Both term and spot contract pricing were at lower levels relative to the second quarter of 2016. Spot pricing remained stable compared to the 2017 first quarter. According to the Paris-based, International Energy Agency’s “Oil Market Report”, new data for non-OECD countries for 2015 reduces global oil demand by an average 330 kb/d in 2015-2018. For 2017, growth has been revised up to 1.5 mb/d, with demand reaching 97.6 mb/d. In 2018, growth slows slightly to 1.4 mb/d when demand will be 99.0 mb/d. In 4Q18, demand will reach 100.1 mb/d. In July, global oil supply increased by 520 kb/d versus June. It was the third consecutive monthly increase. Global supply is up 500 kb/d on a year ago. Non-OPEC output is expected to expand by 0.7 mb/d in 2017 and 1.4 mb/d in 2018, including 0.6 mb/d and 1.0 mb/d, respectively, for the US. The ten non-OPEC countries cooperating with OPEC saw their compliance rate improve to 67% in July. OPEC crude output rose by 230 kb/d in July to a 2017 high of 32.84 mb/d, led by a strong recovery in Libya. Output from the 12 members included in the output pact edged up, eroding the compliance rate to 75%, the lowest this year. Year-to-date compliance is 87%. OECD industry stocks fell in June by 19.3 mb to 3 021 mb on strong refinery runs and oil product exports, but are still 219 mb above the five-year average. In 2Q17, global oil stocks drew by 0.5 mb/d, including 0.2 mb/d in the OECD. Provisional data shows further falls in July, including the largest monthly US crude stock draw for more than three years. Benchmark crude prices rose by $1-2/bbl in July with higher crude demand from refiners and anticipated oil field maintenance. Sweet-sour spreads widened for the first time in four months. Strong demand and refinery outages in Europe boosted diesel and gasoline prices. Refining throughput is expected to reach its annual peak in August, with runs at 81.4 mb/d. 3Q17 throughput is forecast to grow 0.9 mb/d y-o-y. Global refining activity will seasonally decline in September and October, before bouncing back in November.

Page 7: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

7

Per the latest U.S. Energy Information Administration’s “Short-Term Energy Outlook”, Crude oil benchmark Brent front-month futures prices increased by $2.33 per barrel (b) from July 3, settling at $52.01/b on August 3. The West Texas Intermediate (WTI) crude oil price increased by $1.96/b during the same period, settling at $49.03/b. Brent

and WTI monthly average spot prices in July were $2.11/b and $1.45/b higher, respectively, than the June averages. Crude oil prices increased in response to supply-side factors as well as strong U.S. refinery demand. Total commercial crude oil and petroleum product inventories in the United States fell by 22.4 million barrels from June 30 to July 28, compared with a five-year average inventory build of 5.9 million barrels over that period. Also, drilling activity in the United States, as measured by the Baker Hughes active oil rig count, increased by 10 rigs in July, the fewest monthly oil rig additions since the rig count began increasing in June 2016. Some U.S. exploration and production companies recently announced less investment spending for the rest of

the year, suggesting the current rate of U.S. oil production growth could slow. EIA forecasts that month-over-month crude oil production increases for the Lower 48 states onshore region will slow to an average of 60,000 barrels per day (b/d) in the second half of 2017, compared with estimated average monthly growth of 110,000 b/d in the first half of the year. Crude oil prices were further supported as the Organization of the Petroleum Exporting Countries (OPEC) member Saudi Arabia announced a cap on the country’s crude oil exports in August. However, it is unclear how much extra crude oil this cap would remove from the market given the country’s typical seasonal decline in crude oil exports because of an increase in crude oil use for power generation. However, Libya and Nigeria, two other OPEC members, continue to increase crude oil production, a contributing factor in keeping prices near $50/b. Global economic growth expectations remain supportive of liquid fuels demand growth. Second quarter Gross Domestic Product grew 2.6% at a seasonally adjusted annual rate in the United States and grew 6.9% and 2.1% year-over-year in China and the Eurozone, respectively. Furthermore, global inflation data remain below targets set by the major central banks, allowing the continuation of generally accommodative monetary conditions. EIA forecasts global liquid fuels consumption to grow by 1.4 million b/d in 2017 and by 1.6 million b/d in 2018. Strong oil inventory draws have likely caused front-month futures prices to increase more than prices for contracts for delivery further in the future. Contango (when near-term prices are lower than longer-dated ones) narrowed significantly in the past month. The Brent and WTI 1st-13th spread increased $1.78/b and $1.47/b, respectively, from July 3 to August 3, settling at -73 cents/b and -72 cents/b, respectively. In July, total commercial petroleum inventories in the Organization for Economic Cooperation and Development (OECD) countries are estimated to have declined by the most year-over-year since April 2014. In the United States, commercial crude oil stocks fell to 481.9 million barrels on the week ending July 28, which was 95.0 million barrels above the five-year average. In recent weeks, U.S. crude oil inventories reached the closest to the five-year average since September 2015. U.S. refineries have been running at record highs this year, with crude oil inputs averaging 17.3 million b/d for the four weeks ending July 28, contributing to the inventory decline and the flattening crude oil futures price curve. EIA expects U.S. regular gasoline retail prices averaged $2.30 per gallon (gal) in July, down 5 cents/gal from the average in June but 6 cents/gal higher than in July 2016. During the April-through-September summer driving season of 2017, U.S. regular gasoline retail prices are forecast to average $2.37/gal, 14 cents/gal higher than last summer. Annual average U.S. regular gasoline retail prices are forecast to be $2.33/gal in both 2017 and 2018.

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Economy & Trade Under U.S. law, vessel operators must report domestic waterborne commercial movements to the U.S. Army Corps of Engineers’ Waterborne Commerce Statistics Center. This data, along with lock performance monitoring system data provides commodity specific indicators for monthly tonnage moving along the inland waterway system. July 2017’s (bold red line) 53.3 million short tons of all commodities carried on internal U.S. Waterways was not the highest tonnage carried so far this year, but it ties with July 1998 and 2000 as the highest tonnage ever recorded for July. 15.2 million tons of petroleum were carried, the third time this year that 15 million

tons or more were moved in a month and is the highest July since July 2014’s 15.5 million tons moved. The 4.6 million tons of chemicals moved represents the average moved per month so far in 2017. Coal and coke at 12.8 million tons moved in July, is up 9.40% from one year ago. July’s Farm & Food Products carried on internal U.S. waterways at 7.4 million tons is up 7.25% from one year ago, but is down 8.64% from February’s high of 8.1 million tons moved so far in 2017.

The U.S. Department of Transportation’s Bureau of Transportation Statistics’ Freight Transportation Services Index measures the month-to-month changes in for-hire freight shipments in the United States by trucking, rail, inland waterways, pipelines and air freight in tons and ton-miles, combined into one index. The Index (TSI) fell 0.8% in June, due to significant decreases in trucking and waterborne freight, after reaching an all-time high in May. The June 2017 index level (126.2) was 33.3% above the April 2009 low during the most recent Great Recession. For-hire freight shipments measured by the index were up 1.3% in June compared to the

end of 2016. For-hire freight shipments are up 11.2% in the five years from June 2012 and are up 15.0% in the 10 years from June 2007. All but one of the major freight modes grew since the recession that ended in June 2009 with rail intermodal growing the fastest, rising 50.6% from June 2009 (the end of the economic recession) to December 2016 (graph left). The sole exception was rail carloads which declined 0.8%. The drop in rail carload shipments took place at the same time as a decline in coal shipments. All modes had declined during the recession as the freight TSI fell 16.3% from January 2008 to its low point in April 2009. The biggest decline was in the air freight index, down 26.5%, followed by rail carloads, -23.0%; waterborne, -18.6%; rail intermodal -18.1%; trucking, -14.5%, and pipeline, -4.7%. U.S.-NAFTA freight totaled $98.2 billion as all five

major transportation modes carried more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in May 2017 compared to May 2016, according to the TransBorder Freight Data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). The 9.4% rise from May 2016 is the seventh consecutive month in which the year-over-year value in current dollars of U.S.-NAFTA freight increased

from the same month of the previous year. The value of commodities moving by pipeline increased 60.3%, vessel by 28.4%, air by 8.7%, rail by 7.0%, and truck by 5.0% (graph right). In contrast with recent months, there was only a modest year-over-year increase in the price of mineral fuels (3.8%). In May, the increase in the value of freight by pipeline and vessel more closely reflected a greater volume of mineral fuels moved rather than an increase in the price of those commodities.

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Iron ore and grain exports continued to drive a St. Lawrence

Seaway shipping resurgence in the first half of the shipping

season with cargo shipments up 18% over 2016. According to

The St. Lawrence Seaway Management Corporation, total

cargo tonnage from March 20 to July 31 reached 16 million metric

tons – 2.5 million metric tons more compared to the same period

in 2016. “Cargo shipments first started to improve last autumn and we’re very pleased to see that positive momentum

continue throughout the first half of 2017,” said Terence Bowles, President and CEO of The St. Lawrence Seaway

Management Corporation. “The main drivers have been U.S. iron ore and Canadian grain exports along with domestic

demand for steel, salt, and construction materials. Looking ahead, we await the results of the new grain harvest as this

will influence shipments later this year”. Year-to-date iron ore shipments totaled 3.7 million metric tons, up 68% over

2016 levels. Canadian domestic carriers are loading U.S. iron ore pellets at Minnesota ports/docks to ship via the

Seaway to the Port of Quebec, where it is then transferred to larger ocean-going vessels for onward transport to Japan

and China. Seaway salt shipments from Ontario and Quebec mines to cities and towns throughout the Great Lakes-St.

Lawrence region totaled 1.4 million metric tons, up 42% over the

same period last year. Canadian grain totaled 3.1 million metric

tons, up nine%, with vessels shipping a large carry over of Prairie

and Ontario grain products from last fall harvest to overseas

markets. The Port of Thunder Bay, the primary Great Lakes

gateway for Prairie grain, has shipped 350,000 metric tons more

grain than usual as of July 31. The Port of Windsor is also off to a

very strong start in 2017, with total traffic up by almost 20% as of

the end of July. Leading the surge are shipments of grain, which

are up by 36% and salt volumes which are up by 32%. Also

posting strong growth is inbound general cargo, which consists

primarily of imported steel and is up by just over 25%. Commenting

on the shipping season to date, David Cree, President & CEO of

the Windsor Port Authority, stated: “We are obviously very pleased with these strong early results for the season. We

had anticipated a slight recovery after the downturn in 2016, but these numbers have exceeded our projections. It is

also important to note that two of the largest gains for the year, grain and general cargo, are shipped to a large extent

on foreign vessels which utilize a significant portion of the St. Lawrence Seaway System, thus contributing significantly

to the Seaway System’s strong early results.” At the Port of Hamilton, commodities like salt, grain and fertilizer are all

showing good results at the mid-point in the 2017 shipping season. Ian Hamilton, President and CEO of the Hamilton

Port Authority, explained. “While Ontario agricultural producers are major exporters of grain, including corn, wheat and

soybeans, crop inputs such as urea ammonium nitrate (UAN) are also imported for use within Ontario's farming

regions. Hamilton is a key import gateway for these products. Lower fertilizer prices are driving increased import

volumes this year, with tonnages through the Port of Hamilton trending 24% higher so far in the 2017 shipping season,

compared to 2016.”

U.S.-flag Great Lakes freighters (lakers) moved 9.7 million tons of cargo on the Great Lakes in

July, a decrease of 1.5% compared to a year ago. July’s shipments also trailed the month’s long-

term average by 8.4 %. Iron ore cargos for steelmaking totaled 5 million tons, an increase of 8.7%

compared to a year ago. Coal loadings slipped 16.7% to 1.4 million tons. Limestone cargos hauled

in U.S. bottoms totaled 2.8 million tons, a decrease of 2.6%

compared to a year ago. Year-over-year U.S.-flag cargos total

40.3million tons, a slight decrease (95,000 tons) from the same point in 2016. Iron

ore shipments have increased 6.3 % to 22.9 million tons. Coal cargos have dipped

2.4% to 6 million tons. The 9.3 million tons of aggregate, fluxstone and scrubber

stone shipped represent a decrease of 10.2%. Lake Carriers’ Association represents

13 American companies that operate 49 U.S.-flag vessels on the Great Lakes and

carry the raw materials that drive the nation’s economy: iron ore and fluxstone for the

steel industry, aggregate and cement for the construction industry, coal for power

generation, as well as salt, sand and grain. Collectively, these vessels can transport

more than 100 million tons of cargo per year.

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According to the Association of American Railroads (AAR)’s Weekly Rail Traffic report

issued on 2nd

August, for this week, U.S. railroads originated 1,019,239 carloads in July 2017,

down 0.6%, or 6,079 carloads, from July 2016. U.S. railroads also originated 1,058,354 containers

and trailers in July 2017, up 5.6%, or 55,997 units, from the same month last year. Combined U.S.

carload and intermodal originations in July 2017 were 2,077,593, up 2.5%, or 49,918 carloads and

intermodal units from July 2016. In July 2017, nine of the 20 carload commodity categories

tracked by the AAR each month saw carload gains compared with July 2016. These included:

crushed stone, sand & gravel, up 15% or 13,458 carloads; coal, up 4% or 13,097 carloads; and

chemicals, up 1.5% or 1,842 carloads. Commodities that

saw declines in July 2017 from July 2016 included: grain,

down 14% or 13,325 carloads; motor vehicles & parts, down

12.9% or 7,544 carloads; and petroleum & petroleum

products, down 15.4% or 6,508 carloads. "The decline in

total rail carloads in July 2017 from July 2016 was very small

at 0.6%, but it was the first carload decline since October

2016," said AAR Senior Vice President John T. Gray.

"Beginning in July last year, certain categories of rail traffic

— coal and grain in

particular — saw a

surge in rail volumes.

That surge suddenly

made comparisons to this year much tougher. That largely explains July's

carload decline. Meanwhile, intermodal continues to do well — July's 5.6% gain

is the sixth straight year-over-year monthly increase, and intermodal is on track

to set a new annual record this year." Excluding coal, carloads were down 2.8%,

or 19,176 carloads, in July 2017 from July 2016. Excluding coal and grain,

carloads were down 1%, or 5,851 carloads. Total U.S. carload traffic for the first seven months of 2017 was 7,718,692

carloads, up 5.4%, or 397,999 carloads, from the same period last year; and 7,951,027 intermodal units, up 3.1%, or

235,512 containers and trailers, from last year. Total combined U.S. traffic for the first 30 weeks of 2017 was

15,669,719 carloads and intermodal units, an increase of 4.2% compared to last year. According to a recent PricewaterhouseCoopers report prepared for the U.S. Department of Transportation, Maritime Administration and The American Waterways Operators, the U.S. tugboat, towboat and barge industry has a total impact on the U.S. GDP of US$ 33.8 billion and supports over 300,000 jobs nationwide – including 50,000 in the industry itself, of which 38,000 are on board vessels. Of all the products carried on the nation’s waterways, 69% of the lumber, stone and ore, 82.4% of petroleum and petroleum products as well as 90% of coal are transported by the tugboat, towboat, and barge industry, using 75% less energy than trucks and 31% less than rail. By the end of 2015, according to the U.S. Army Corps of Engineers, there were 8,985 vessels operating on U.S. Waterways of which 5,592 were tugs and towboats / pushboats. There were also 31,555 dry cargo, deck and tank barges. Approx. 20% of the towing vessels and over 35% of the barges were built within the last ten years. In 2015 (the latest report available), a total of 904.8 million short tons of cargo were moved domestically on coastwise, lakewise and internal U.S. waterways, a decline of 3.5% from 2014. There were also a total of 1,374.2 million short tons of foreign inbound & outbound commodities, down 2.5% compared to the previous year. In 2015, 13.7% of all U.S. waterborne commerce by weight was containerized (2.4% domestic and 21.2% foreign). America’s Marine Highway System consists of over 29,000 nautical miles of navigable waterways including rivers, bays, channels, the Great Lakes, the Saint Lawrence Seaway System, coastal and open-ocean routes.

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11

According to Moore Stephens, shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017. The average confidence level expressed by respondents to the survey was up to 6.1 out of 10.00 from the 5.6 recorded in the previous survey in February 2017. Increased confidence was recorded by all main categories of respondent to the survey, which

launched in May 2008 with an overall confidence rating of 6.8. In the case of brokers, the confidence rating rose from 4.6 to 6.4, while for owners the increase was from 5.6 to 6.1. Confidence on the part of charterers and managers, meanwhile, was up from 5.9 to 6.4, and from 6.0 to 6.2 respectively. Confidence levels were unchanged in Asia at 5.6, but up in Europe, from 5.5 to 6.2, and in North America, from 6.1 to 6.4. A number of respondents expressed cautious optimism about the industry’s fortunes over the next 12 months, based largely on

perceived increased levels of ship demolition and a rationalisation of over-ambitious newbuilding plans. This helped increase expectations of major investments being made over the next 12 months. Concern persisted, however, over political uncertainty, overtonnaging in certain trades, depressed oil prices and a potential dearth of quality seafarers.

The likelihood of respondents making a major investment or significant development over the next 12 months was up from 4.9 out of 10.0 in the previous survey to 5.4, the highest level since August 2014. There was increased confidence on the part of all major respondents, in the case of charterers up to a level of 6.3 from 5.8 in February 2017. Owners and managers, meanwhile, each registered a confidence level of 5.9, up from 5.1 and 5.6 respectively last time. Confidence on the part of brokers was up from 3.4 to 4.4. 50% of respondents expected finance costs to increase over the coming year, compared to 54% in the previous survey. Owners’ expectations fell from 57% to 48%, while managers were also down, from 61% to 57%. More brokers and charterers, however, anticipated costlier finance – 63% of brokers (against 41% last time) and 57% of charterers (compared to 47% in February 2017).

In the tanker market, 32% of respondents anticipated improved rates, as opposed to 25% last time, while the number anticipating lower tanker rates fell from 28% to 16%. Meanwhile, there was a 14 percentage-point rise, to 58%, in the numbers anticipating higher rates in the dry bulk sector, the highest figure for three years. In the container ship sector, the numbers expecting higher rates rose from 31% to 46%, while there was a six percentage-point fall, to 12%, in those anticipating lower container ship rates. Net sentiment was up in the tanker market from -3 in February 2017 to +16 this time, while the increases in the dry bulk and container ship trades respectively were from +33 to +50 and from +13 to +34. In a stand-alone question, respondents were asked to estimate the level they expected the Baltic Dry Index (BDI) to be at in 12 months’ time. More than half (52%) felt the BDI would reach a level of between 1000 and 1499, while a quarter (25%) put the likely figure at between 1500 and 1999. “Healthy volumes of cargo are being moved,” said one respondent, “but there are too many ships around.” Richard Greiner, Partner, Shipping & Transport, says, “The survey launched in 2008, on the very cusp of one of the most protracted and severe global economic downturns, with a confidence rating of 6.8. In our latest survey, the figure stands at 6.1 which, given geopolitical, economic and industry developments, must be seen as a robust rating. Moreover, confidence today of making a major new investment is the highest it has been for almost three years. The positive sentiment on freight rates is welcome, although this must be weighed against the lows to which they have fallen and from which they must continue to recover. Even for an industry which is familiar with the volatile nature of international commerce, shipping’s ability to survive adversity is worthy of comment. Our latest survey found many of our respondents in watchful mode, mindful of the fact that there are still too many ships, but encouraged to believe that increased demolition and more pragmatism by industry stakeholders will help to redress this imbalance. Respondents also remain cognisant of the impact which geopolitical developments can have on shipping, and it will be instructive to see what effect all this will have on industry confidence in our next quarterly survey.”

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Highlighted Tank Barges & Tankers Direct From Owners File: TB99906 Double Hull Tank Barge - Ocean: 447.7' loa x 74.0' beam x 38.1' depth x 32.00' loaded draft. Built in 1979 by Gretna Machine & Iron Works; Harvey, LA. U.S. flag. GRT/NRT: 9,834. Class: ABS +A1, Oil Tank Barge, Unrestricted. Docking due 17 Apr 2017. Special Survey due 31 Oct 2019. Dwt: 25,863T. Rake(s): Ship bow. Bulkheads: 11 oil tight. Capacity: 158,128bbl. Tanks: 16. Coiled. FO: 1,156bbl. FW: 50bbl. BW: 70,000bbl. A/TB black oil barge mated with 6,140HP tug TG61133 with Intercon connection system. Converted to double hull barge in 2002 by Halter Port Bienville. U.S. Coast Guard

Grade "A" (Max. 25 PSIA Reid) & Lower Grade Flammable or Combustible Liquids. Annual Hull Survey due 31 Oct 2017. Intermediate Hull Survey 8 due 30 Apr 2017. 1-12 million BTU heater. For sale outside of U.S. Jones Act trade. ITC Tonnage: 11,853G / 7,594N. Further technical details, tank arrangement, class / survey status and price guidelines available on request. As brokers only, we invite your best outright, reasonable firm cash offers for owners consideration on an “as is, where is” basis for sale out of competition. U.S. Gulf Coast. File: TB99037 Double Hull Tank Barge - Ocean: 376.0' loa x 359.9' lbp x 87.0' beam x 37.0' depth x 4.50' light draft x 25.00' loaded draft. Built in 1976 by Todd Shipyard; Houston, TX. U.S. flag. GRT: 7,912. NRT: 7,912. Class: ABS +A1 Ocean exp Feb 2017. USCG COI exp Dec 2016. Dwt: 17,180mt. Capacity: 126,164bbl. Tanks: 10. Pumps: 3 - Gould 3,500bph / GM16V71. Windlass: Markey. Crane: 2 Hyd. hose booms. Winch: 4 New England Trawler / 79T brake. Genset(s): 1 - 50kW / GM4-71 & 1 - 30kW / GM2-71 Tier II. Quarters: 4 Berths & Galley. Vapor recovery. Fixed skegs. Four Yokohama fenders. Reportedly in very good condition. Previously in clean distillate service. Double Hull retrofitted in 2007. Vertical height 65'. Currently trading crude but can be cleaned for a sale. No heating or coils. 123,000 bbls capacity at Loadline. Cargo - Grade A (max. 25 psia reid) and lower flammable or combustible liquids. Aft notch, but no pin system. Owners prefer to sell enbloc with TB99009. Working. MARPOL compliant (but not IMO II). Call Marcon for more details. U.S. Northeast.

File: TB99032 / TB99030 Double Hull Tank Barge – Ocean (Two Available): 409.2' loa x 391.0' lbp x 74.0' beam x 26.7' depth x 4.50' light draft x 21.70' loaded draft. Built in 2005 by Senesco Marine; Kingston, RI. U.S. flag. GRT/NRT: 6,220. Class: ABS + A1 Oil Tank Barge, Unrestricted Service DD due Aug / June 2018, respectively. Special Survey due Dec / June 2020, respectively. Dwt: 14,382T. Lt Displ: 2,593T. Rake(s): Bow. Bulkheads: 8 oil tight. Capacity: 103,318bbl. FO: 60.54m3. BW: 46297bbl. Pumps: Cargo: 2 - Sulzer deepwell total 14,286bph. 2 - BJ 12LS total 8,000bph. 1 - 7,100lbs. Stockless anchor(s). Wire/Chain Capacity: 1,200'. Wire/Chain Dia.: 1.75". Windlass: Nabrico DV-AW100-25.2-catheads. Crane: EBI Tech hose crane. 35' boom. Winch: 2 -

JonRie 900 deck mooring, 1 - JonRie capstan. Genset(s): 2 - 99kW Northern Lights / John Deere 6068TF275 480vAC 60Hz. OPA '90, dual mode ATB with notch aft. Raised trunk. Mated with 3,900HP, 116' tug TG39015. 60' vertical height. U.S. Coast Guard COI Grade "A" (Max. 25PSIA Reid) & Lower Flammable or Combustible Liquids F.P. 60 deg. C or less exp. 01 Oct. 2020. Barrel capacity @ 95%. Epoxy coated tanks. 12 ballast tanks. Cargo loading rate: 18,000bph. Stripping system. Vapor recovery system. 2 cargo systems with double block segregation. Vacuum system with 7,000g tank. ITC Tonnage: 7,311G / 4,961N. Panama Tonnage: 6,193N. Further technical details, small scale drawings, class / survey status, PSIX report, cargo authority and certificates available on request. U.S. East Coast. File: TB99009 Double Hull Tank Barge - Ocean: 405.0' loa x 387.6' lbp x 80.5' beam x 34.0' depth x 23.70' loaded draft. Built in 1970 by Todd Shipyard; Houston, TX. U.S. flag. GRT: 8,460. NRT: 4,851. Class: ABS +A1 Oil Barge expires March 2016. COI exp Apr. 20, 2016. DD due 30 March 2016. Dwt: 16,197mt. Lt Displ: 2,200T. Bulkheads: 1 long'l / 7 transv. Capacity: 119,000bbl. Tanks: 12. Uncoiled. Pumps: 3 - Gould Deepwell 5,000bph/GM12V71. Crane: 2 units (Port and Stbd). 7.6m reach. Winch: 2 - 30t Brake mooring. Genset(s): 2 - Tier II. Clean distillate service, 3-50' 8" hoses. Epoxy coatings. Double Hull retrofitted in 2006. Vapor Recovery System. Aft notch, but no pin system. Vertical height 48'. Cargo - Grade A (max. 25 psia reid) and lower flammable or combustible liquids. Owners prefer to sell enbloc with TB99037. Laid up, but ABS Class is still active. MARPOL compliant (but not IMO II). Call Marcon for more details. U.S. Northeast. By arrangement.

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File: TB86358 Tank Barge - Ocean: 357.5' loa x 340.7' lbp x 68.0' beam x 24.0' depth x 3.50' light draft x 19.75' loaded draft. Built in 1976 by Gretna Machine Iron Works; Harvey, LA. U.S. flag. GRT: 4,493. NRT: 3,814. Class: ABS + A1 Oil Tank Barge thru Oct 2014. Loadline thru Oct 2014. USCG Grade "A" thru May 2014. Dwt: 9,876lt. Lt Displ: 1,928lt. Rake(s): Double. Bulkheads: 2 long'l / 7-9 transv. Watertight Compartments: 24. Capacity: 83,911bbl. Tanks: 20. FO: 5,000g. BW: 1,234BBL. Pumps: 3 - 3,000BPH Byron Jackson / GM12V71 centrifugal deepwell. Windlass: 1-National 225-E dual purpose. Winch: 2 - National 225-ESD; 2 - National 225-EDD. Genset(s): 1 - 150kW Marathon / GM6-71T 440v 60Hz. Single hull clean product (lube oil) barge. TPI 56.7 LT. Small notch in stern. Certified for Grade "A" cargo. 1-VA-power 5,000,000 BTU cargo heater. Stripping pump. 3 cargo headers on

starboard & 4 on port side. 8" on-deck & 10" & 12" below-deck pipelines. No Vapor recovery. Hermetic closed gauging. High level sticks & alarm system. 2 - 5' x 7' Yokohama fenders. Lengthened in 1990 from 300' with addition of "A" tanks and new bow with deck reinforcing straps. Sold to current owner via Marcon. In lay-up with ABS / SS no. 8 overdue as of October 2014. Contact Marcon for price ideas. U.S. Northwest. File: TB80039 Tank Barge - Ocean: 350.0' loa x 333.4' lbp x 76.1' beam x 22.0' depth x 3.60' light draft x 17.50' loaded draft. Built in 1990 by Southern Oregon Marine; Coos Bay, OR. U.S. flag. GRT/NRT: 4,762. Class: ABS +A1 Tank Barge, US Domestic Restricted Svc. Exp. Jan. 2020 USCG COI Grade "B" & lower exp. 2019. Dwt: 9,800lt. Lt Displ: 2,080lt. Rake(s): Double. Capacity: 76,900bbl. Tanks: 21. FO: 16,400g. Pumps: 6-Byron Jackson Deepwell 11"@ 2,600BPH cargo;6" hyd Crown Mod 6 COZD ballast. 1 - 5,000lb anchor(s). Windlass: Hydraulic. Crane: 1 -1.5T SWL @ 50ft. Winch: 4 - Mooring. Single skin / double bottom tank barge. OPA'90 retirement date 2014. Last working clean service. Vapor recovery fitted. Converted in 2012 to OSVR (oil spill response barge). All spill response equipment removed prior to lay-up, except for miscellaneous items. 30' high section of 1" plate steel installed around rake to meet ice class requirements. ITC - 4,412G. Towing skegs aft. USCG COI Grade B and lower but limited to recovered oils only and only for domestic US service. In lay-up with ABS and USCG. U.S. Northwest.

File: TB52392 Double Hull Tank Barge - LPG: 391.7' loa x 369.6' lbp x 56.0' beam x 26.0' depth x 8.00' light draft x 17.45' loaded draft. Built in 1971 by Kelso Marine; Galveston, TX. U.S. flag. GRT: 5,013. NRT: 1,922. Class: ABS +A1 Pressure Tank Barge, Unrestricted (SS and DD overdue March 2016 - lay-up with ABS). Dwt: 6,567T. Rake(s): Ship bow. Bulkheads: 7 oil tight. Capacity: 52,169bbl. Tanks: 2. FO: 86,000g. Pumps: 2 - B5 with 2-8" cargo connections P/S. Stockless 2,000lb anchor(s). Wire/Chain Capacity: 6 shot. Wire/Chain Dia.: 1.5". Windlass. Crane: 1 - 2,000lb, 2 - 2,000lb, 1 - 3,000lb. Winch: 6 - 60T brake single

drum deck mooring with 1" wire. Genset(s): 2 - 90kW / John Deere 4045TFM75. HIGHLY MOTIVATED SELLER. Double hull, ocean A/TB LFG / LPG barge with Bludworth linkage system. Combined Tug/Barge length 438'. Two refrigerated cylindrical insulated pressure vessels set longitudinally in the hull. Coated tanks. 2 products. Closed loading. Restricted cargo sampling. Total capacity of 147,500 ft3 per tank. Cargos: Grade A. LF. Category D NLS Specific Hazardous Cargo Authority Ammonia (Anhydrous). Butadiene. Butane, propane, propylene, vinyl chloride, edible cottonseed oil, edible soy bean oil. Highest fixed point 60.0' in normal ballast. Last drydocked 20 April 2014. ITC tonnage 7,050 / 7,050. Available with TG71096. Both units reportedly in good condition. For more details contact Marcon. U.S. Gulf Coast. File: TB39003 Double Hull Tank Barge - Ocean: 280.0' loa x 266.6' lbp x 72.0' beam x 20.0' depth x 15.70' loaded draft. Built in 2013. Malaysia flag. GRT: 2,837. NRT: 1,673. Class: BV I + Hull + Mach, Oil Barge, Unrestricted Navigation exp. Nov. 17, 2018. Dwt: 5,969mt. Lt Displ: 1,405mt. Rake(s): Double. Bulkheads: 1 long'l / 6 transv. Capacity: 39,000bbl. Tanks: 12. FO: 21.6m3. FW: 36.0m3. Pumps: 2 - 400m3/h 2LB2-400-J screw cargo; 1 - 22m3/h gen. service, 1- 30m3/h fire. 1 - 1,140kg anchor(s). Winch. Genset(s): 2 - 30kW / Cummins or eq. 50Hz AC. One newbuilding unmanned oil barge. Double Hull IMO II. Total of abt. 5,904m3 cargo @ 98%. Designed for carrying base oil and finished oil with flashpoint below 60 deg C. Sale “as is, where is” subject to availability at time of commitment. Southeast Asia.

Page 14: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

14

File: TB31396 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower exp 11 Dec 2019. Rake(s): Single. Capacity: 31,396bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph Byron Jackson 12LS centrifugal / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 5' 8.5" raised trunk with internal framing. Single product. Stripping system. Bergan high level and overfill alarms. Capacity 3,582 / 4,569 short tons on 9.5' / 11.5' draft (Type II / II Hull). In Clean Service. 2 sisters of this class may also be developed. U.S. Gulf Coast. File: TB30329 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 1998 by Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG "A" & Lower & Specified Hazardous Cargoes; Lakes, Bays & Sounds exp. 12 Jul 2021. Capacity: 30,391bbl. Tanks: 8. Max. 13.6bs/gal. cargo density. Max load 3,563 / 4,553st on 9.5' / 11.5' draft basis Hull Type II / III. Last drydocked 12 July 2016 & due 12 July 2026. Last Internal Structure exam 12 July 2016 & due 12 July 2021. Copies of certificates available on request. See also File TB30298. U.S. Gulf Coast. File: TB30298 Double Hull Tank Barge - Inland: 297.7' loa x 54.1' beam x 12.0' depth. Built in 1991 by Nashville, TN. U.S. flag. GRT: 1,623. NRT: 1,623. Class: USCG Grade "A" & Lower & Specified Hazardous Cargoes; Lakes, Bays & Sounds exp. 25 July 2021. Capacity: 30,068bbl. Tanks: 8. Max. 15lbs/gal. cargo density. Max load 3,808 / 4,387st on 10.3' / 11.5' draft basis Hull Type II / III. Last drydocked 25 July 2016 & due 25 July 2026. Last Internal Structure exam 26 July 2016 & due 26 July 2021. Copies of certificates available on request. U.S. Gulf Coast. File: TB30089 Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2006 by Trinity Shipyard, USA. U.S. flag. GRT/NRT: 1,619. Dwt: 864T. Rake(s): 31.5ft. Capacity: 29,638bbl. Tanks: 6. Uncoiled. FO: 500g. Pumps: Cargo: 1 - Centrufugal 12LS / Byron Jackson 5250. Winch: 40T Nabrico (bow and stern - 2 each). U.S. Gulf Coast. File: TB30087 / TB30086 Double Hull Tank Barge – Inland (Two Available): 297.5' loa x 54.0' beam x 12.0' depth. Built in 2001 / 2002, respectively, by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower - exp 29 Dec 2016. Rake(s): Single. Capacity: 30,000bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph Byron Jackson 13LS centrifugal / GM12V-92. Winch: 2 - bow & 2 - stern 40T Nabrico. 4' 3" raised trunk with internal framing. Single product, No. 6 oil / VGO. Stripping system. Bergan high level and overfill alarms. 350SB heater powered by 50kW Magna Poll 4 genset. U.S. Gulf Coast. File: TB30085 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower exp 17 Oct 2018. Rake(s): Single. Capacity: 30,000bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph Byron Jackson 12LS centrifugal / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 5' 8.5" raised trunk with internal framing. Single product. Stripping system. Bergan high level and overfill alarms. Capacity 3,582 / 4,569 short tons on 9.5' / 11.5' draft (Type II / II Hull). In Clean Service. 2 sisters of this class may also be developed. U.S. Gulf Coast. File: TB30079 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2003 by Trinity Shipyard, USA. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower exp Nov 2018. Capacity: 30,000bbl. Tanks: 6. Pumps: 1 - Bryon Jackson 12LS / Cummins 6CTA diesel powered cargo pump 5,000 GPM. Winch: 40T Nabrico (bow and stern -2 each). Double hull. Clean service. Raised trunk (4.25' high). Single cargo. Void spaces coated with Royal Chem Easy "K". Vapor recovery piping. USCG COI last DD Nov. 2013 and next due Nov. 2023. Next mid periodic inspection due Nov. 15, 2017. Reportedly in good condition and currently trading. Bergan high level alarms. Contact Marcon for price guidance. U.S. Gulf Coast. File: TB30078 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2001 by Trinity Shipyard, USA. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower exp Sept. 25, 2020. Capacity: 30,000bbl. Tanks: 6. Uncoiled. Pumps: 1 - Bryon Jackson 12LS / Cummins 6CTA diesel powered cargo pump 5,000 GPM. Winch: 40T Nabrico (bow and stern -2 each). Double hull. Clean service. Raised trunk (4.25' high). Single cargo. Void spaces coated with Royal Chem Easy "K". Vapor recovery piping. Stripping system. Last USCG DD and internal inspection done Sept. 2015. Next USCG COI mid-periodic inspection due Sept. 25, 2017. Reportedly in good condition and currently trading. Bergan high level alarms. Contact Marcon for price guidance. Additional clean and dirty service tank barges available for sale prompt. U.S. Gulf Coast.

Page 15: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

15

File: TB30077 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT: 1,691. NRT: 1,619. Class: USCG COI Grade "A" & Lower, Lakes, Bays & Sounds exp. 01 Dec. 2016. Rake(s): Single 31.5' bow. Bulkheads: Centerline. Capacity: 30,355bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph, 12" Byron Jackson 12LS / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico DF 1564. 4.25' high raised trunk with internal framing. Single product. 3" air stripping system. Bergan high level & overfill alarms. Bergan PV valves. Fitted with vapor control system. Internal steam coils. Last Internal Structural Inspection 01 Dec 2011 & due 01 Dec 2016. Last Internal Cargo Tank Inspection 01 Dec 2011 & due 01 Dec 2021. Last audio gauge report 30 Sep 2010. Last Vapor Tightness Test 17 Jun 2016. Hull painted 01 Dec 2011. Voids, bow & stern tanks coated with Royal

Chem. Easy. Sale “as is, where is”. Last cleaned 01 Dec 2011. Copies of strapping tables, vapor tightness certificate, hull gaugings, drawings and COI on request from this office. Prefer sale to non-competing, non-certificated or foreign trade. See TB30070 for sister-barge. U.S. Gulf Coast. File: TB30076 / TB30075 Double Hull Tank Barge – Inland (Two Available): 299.0' loa x 299.0' lbp x 54.0' beam x 12.0' depth x 3.00' light draft. Built in 1996 by McDermott Shipbldg; Amelia, LA. U.S. flag. GRT/NRT: 1,627. Class: USCG COI Grade "A" & Lower & Specified Hazardous Cargoes exp. 31 Jan 2017. Dwt: 4,644st. Rake(s): 41' bow. Bulkheads: 4 transv. Capacity: 30,000bbl. Tanks: 6. FO: 500g. Pumps: 1 - 4,500bph, 3-stage Byron Jackson 12LS 12" / Cummins 6CTA. Winch: 2 bow & 2 stern 40T Nabrico. 48" raised trunk with internal 24" deck framing. Vapor recovery. Dual alarms. Uncoiled. No cargo segregation. Uncoated tanks. 5/16" deck; 3/8" side and 3/4" bilge knuckle, head & stern log plate. Locking pins. No stripping system. Stick gauge. Bergan high level and overfill alarms. Max. load rate 5,000bbl. Bergan PV valves. 20' highest fixed point. Last vapor tightness test completed 14 Jun 2015. Further technical details including copies of certificates, audio gauge reports and strapping tables available on request. U.S. Gulf Coast.

File: TB30072 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 1992 by Nabrico; Nashville, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower, Lakes Bays & Sounds exp 31 Jan 2018. Drydocking due 13 Jan 2023. Dwt: 4,700st. Rake(s): Single. Capacity: 30,000bbl. Tanks: 10. Coiled. FO: 500g. Pumps: 1 - 4,500bph, 12" Bryon Jackson 12LS centrifugal / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 36" raised trunk with internal 24" deck framing. Single product. Bergan high level & overfill alarms. Vapor recovery. Stainless steel pipe stripping system. Next Internal Structure and Cargo Tank Internal inspections due 31 Jan 2018 and 31 Jan 2023 respectively. Last audio gauge report Jan 2012. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this

office. Prefer sale to non-competing, non-certificated or foreign trade. In Clean Service. U.S. Gulf Coast. File: TB30070 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT: 1,691. NRT: 1,619. Class: USCG COI Grade "A" & Lower, Lakes, Bays & Sounds. Exp. Jan. 2016. Rake(s): Single. Capacity: 30,355bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph, 12" Byron Jackson 12LS / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 4' 3" raised trunk with internal framing. Single product. Vapor recovery. Stripping system. ERL high level & overfill alarms. Fitted with vapor control system. Last Internal Inspection 12 Jan 2016. Last Internal Cargo Tank Inspection 30 Apr 2007 & due 30 Apr 2017. Internal Hull exam due. Sale “as is, where is”. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this office. Prefer sale to non-competing, non-certificated or foreign trade. In Clean Service. Call for new reduced price ideas. U.S. Gulf Coast.

Page 16: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

16

File: TB30069 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower - Lakes, Bays & Sounds. Drydocking due 15 Apr 2016. Rake(s): Single. Capacity: 30,355bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph Byron Jackson 12LS 3-stage / Cummings 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 5' 8.5" raised trunk. Internal deck framing. Vapor recovery. Single product. Flange stripping system. High level & overfill alarms.

Next cargo tank internal inspection due 15 Apr 2021. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this office. Prefer sale to non-competing, non-certificated or foreign trade. In Clean Service. Call for new reduced price ideas. U.S. Gulf Coast. File: TB30068 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2000 by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower - Lakes, Bays & Sounds exp 01 Sept 2020. Rake(s): Single. Capacity: 31,396bbl. Tanks: 6. Coiled. FO: 500g. Pumps: 1 - 5,000bph Byron Jackson centrifugal / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 5' 8.5" raised trunk with internal framing. Single product. Stripping system. Bergan high level and overfill alarms. Capacity 3,582 / 4,569 short tons on 9.5' / 11.5' draft (Type II / II Hull). Last drydocked for USCG 01 Sept 2015 and due 01 Sept 2025. Fitted with vapor control system. Last internal tank inspection 01 Sept 2015 & due 01 Sept 2025. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this office. Prefer sale to non-competing, non-certificated or foreign trade. In Clean Service. U.S. Gulf Coast.

File: TB30066 Double Hull Tank Barge - Inland: 297.0' loa x 54.0' beam x 12.0' depth. Built in 1992 by Nabrico; Nashville, TN. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade "A" & Lower. Drydocking due 08 Jun 2017. Internal Structure due 19 Jun 2016. Rake(s): Single. Capacity: 30,000bbl. Tanks: 10. Coiled. FO: 500g. Pumps: 1 - 4,500bph Byron Jackson 12LS centrifugal / GM8V71. Winch: 2 - bow & 2 - stern 40T Nabrico. 36" raised trunk. Internal 24" deck framing. Single product. High level & overfill alarms. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this office. Prefer sale to non-competing, non-

certificated or foreign trade. Crude oil service. U.S. Gulf Coast. File: TB30065 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 1995 by Trinity Industries; Madisonville, LA. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Lakes, Bays & Sounds exp 26 Jul 2016. Rake(s): Single. Capacity: 31,446bbl. Tanks: 8. FO: 500g. Pumps: 1 - 2,500bph Byron Jackson 11LS / GM6-71. Winch: 1 - bow & 2 - stern 40T Nabrico. 48" raised trunk. Vapor recovery. Single cargo. Flanged stripping system. High level & overfill alarms. Certified for coastwise trade not more than 12 miles from shore, in fair weather, between St. Marks & Carrabelle, FL. Copies of strapping tables, vapor tightness certificate, hull gaugings and COI on request from this office. Prefer sale to non-competing, non-certificated or foreign trade. In Clean Service. Call for new reduced price ideas. U.S. Gulf Coast. File: TB30025 Double Hull Tank Barge - Inland: 297.5' loa x 54.0' beam x 12.0' depth. Built in 2006 by Trinity Shipyard, USA. U.S. flag. GRT/NRT: 1,619. Class: USCG COI Grade “A” & Lower exp August 2016 (DD and inspection needed to renew). Capacity: 29,500bbl. Tanks: 6. Uncoiled. Pumps: 1 - Bryon Jackson 12LS / Cummins 6CTA diesel powered cargo pump 5,000 GPM. Winch: 40T Nabrico (bow and stern - 2 each). Double hull. Clean service. Raised trunk (4.25' high). Single cargo. Void spaces coated with Royal Chem Easy "K". Vapor recovery piping. Stripping system. Reportedly in good condition but USCG COI currently overdue and can be renewed. Bergan high level alarms. Contact Marcon for price guidance. U.S. Gulf Coast. File: TB25029 / TB25027 Tank Barge – Inland (Two Available): 250.0' loa x 54.0' beam x 13.0' depth. Built in 1995 / 1993, respectively, by Jeffboat, USA. U.S. flag. GRT/NRT: 1,474. Class: USCG COI Grade "A" and lower. Rake(s): None. Capacity: 25,000bbl. Box double / hull barge for sale. Single cargo - black oil / asphalt service. Contact Marcon for more details, price guidance and to arrange inspection. U.S. Gulf Coast.

Page 17: Marcon International, Inc. P.O. Box 1170, 9 NW Front ... · plate in the US, East of the Mississippi was $783/mt down 4.74% from July 2017, while standard plate in China was $505/mt,

Marcon International, Inc. Tank Barge Market Report – August 2017

www.marcon.com

Details believed correct, not guaranteed. Offered subject to prior sale of charter.

17

File: TB25026 Tank Barge - Inland: 264.0' lbp x 54.0' beam x 12.0' depth. Built in 1991 by Jeffboat; Jefferson, IN. U.S. flag. GRT/NRT: 1,437. Class: USCG COI - Grade "A" and Lower exp. September 12, 2016. Capacity: 25,000bbl. Cargo: Grade "A" and lower. U.S. Gulf Coast.

File: TB23223 Double Hull Tank Barge - Ocean: 230.0' loa x 60.0' beam x 18.0' depth x 11.90' loaded draft. Built in 2012. Malaysia flag. GRT: 1,834. NRT: 831. Class: BV 1 + Hull, Mach, Oil Barge, Unrestricted Navigation. Dwt: 3,292mt. Lt Displ: 956mt. Deck Load: 5MT/m2. Rake(s): Double. Bulkheads: 9 transv / 1 long'l. Capacity: 23,250bbl. FO: 8m3. FW: 21m3. Pumps: 2-2LB2-J 350m3/h diesel driven cargo,1 - 22m3/h gen. service, 1-22m3/h fire. 1 - 900kg Halls anchor(s). Wire/Chain Capacity: 200m. Wire/Chain Dia.: 28mm. Winch: 20MT elect. / hyd. Genset(s): 2 - 24kW / Daewoo 415vAC 50Hz. Quarters: 2-4 berths. Ocean bunker

barge. Capacity about 3,760m3 in 12 cargo tanks. Two slop tanks. Designed to carry oil with a flashpoint below 60 deg. C. Pump house, office and accommodations aft. Oily water separator. Sale “as is, where is” subject to availability at time of commitment. Contact Marcon for price ideas. Southeast Asia. File: TB21030 Tank Barge - Inland: 264.0' lbp x 54.0' beam x 12.0' depth. Built in 1991 by Jeffboat; Jeffersonville, IN. U.S. flag. GRT/NRT: 1,437. Vessel suitable for lakes, bays and sounds. Grade "A" and lower. U.S. Gulf Coast. File: TB09003 Tank Barge - Inland: 195.0' loa x 35.0' beam x 10.0' depth. Built in 1943 by Levingston Shipbldg: Orange, TX. U.S. flag. GRT/NRT: 584. Capacity: 9,000bbl. Bunkering capabilities. In service for #2 oil. The barge has been in fresh water service most of its history. A good candidate for conversion to deck barge. U.S. Great Lakes. Prompt.

File: TB06572 Tank Barge - Ocean: 124.7' loa x 44.4' beam x 10.0' depth x 7.55' loaded draft. Built in 1979 by Yokohama Shipyard Ltd.; Japan. Bahrain flag. GRT: 419. NRT: 278. Class: ABS + A1,Oil Tank Barge <F.O. 60 deg. C. Unrestricted Service. Special Survey Hull 7 due 31 May 2014. Dwt: 816T. Lt Displ: 269T. Rake(s): Double. Tanks: 4. FO: 650T. BW: 231.42m3. Pumps: GS: 25m3/h; Cargo: 2-200m3/h. Bower anchor(s). Wire/Chain Capacity: 480m. Wire/Chain Dia.: 22mm. Windlass: 2T x 6m/min. Crane: 2 - 0.9T jib hose booms. Genset(s): 1 - 5kVA / Mitsubishi. Fuel oil barge. Capacity: 1,044.84m3 cargo.

Two manual hose reels. Oily water separator 1m3/h. Mid East. File: TA01500 Tanker: 130.0' loa x 40.0' beam x 14.0' depth x 12.00' loaded draft. Built in 1973 by Halter Marine; New Orleans. U.S. flag. GRT: 492. Class: ABS Great Lakes Loadline exp. April 2015. USCG COI Grade "B" & Lower exp. Jan. 2015. Main Engines: 2 x GM 12V71 total 680BHP. 2 - FP prop(s). Genset(s): 1 - 60kW / GM3-71. Firefighting: 1 - monitor (foam/water mix). Quarters: 4 berths. Galley. Single skin bunkering tanker. 7,500BBL cargo capacity in 10 tanks (8 main). Reportedly in very good condition & operated only in fresh water. Currently working. 2 separate systems for MGO and heavy fuel. Pumps & cargo tanks traced & coiled / heated. 1 - 500,000BTU heater / glycol circulating system. U.S. Great Lakes. Prompt. We are interested in receiving information on any surplus vessels or barges you may have available for sale or charter on either a published or a private and confidential basis.