Marcon International, Inc. P.O. Box 1170, 9 NW Front ...marcon.com/library/market_reports/2016/tb02-16.pdf · P.O. Box 1170, 9 NW Front Street, Suite 201 Coupeville, WA 98239 U.S.A

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

February 2016

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

May 2015 7 6 9 1 1 0 24

Aug 2015 7 7 8 2 3 2 29

Nov 2015 8 10 7 1 3 2 31

Feb 2016 – Worldwide 6 9 5 1 3 2 26

Feb 2016 – U.S. 3 6 1 0 0 1 11

Feb 2016 - Foreign 3 3 4 1 3 1 15

Avg. Age - Worldwide 1977 1983 1992 2005 2000 1988

Avg. Age – U.S. 1965 1982 1982 0 0 1993

Avg. Age - Foreign 2012 1987 1995 2005 2000 1982

Charter - Worldwide 1 2 2 1 0 0 6

Charter – U.S. 0 1 0 0 0 0 1

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 3,821 barges and 12,982 vessels we currently track, 662 are tank barges with 26 inland and 22 ocean or coastal barges officially on the market for sale. Five of the 26 inland barges are 10 years of age or less. Twelve or 46.2% of the inland barges are 25 years of age or over. The oldest inland tank barge listed is a 68 year old, 14,000BBL deck / tank barge used for oil spill response in the U.S. Northwest. This old lady is counterbalanced by one 3,200mtdw, propelled, foreign-flagged 2015-built 22,000BBL tank barge located in the Far East. Seven double hull inland barges listed in the Americas from 11–30,000BBL capacity were built after 2000.

Marcon International, Inc. Tank Barge Market Report – February 2016

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Inland Tank Barges Breakdown by Built & BBL

Built <10000

10000-

19999

20000-

29999

30000-

39999

40000-

49999 >50000 Total

1948

1

1

1958 1

1

1966 1

1

1969

1

1

1971 1

1

1973

1

1

1974

1

1

1978

1

1

1981

1

1

1982

1

1 2

1983

1

1

1992

1

1

1993

1 1

1994

1

1

2000

1

1

2005

1

1

2006

1

1

2009

2

2

2012 1

1

2015

1

1

Unknown 2

2

4

Total 6 9 5 1 3 2 26

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 May 2015 3 6 4 12 3 1 0 0 2 1 0 32 Aug 2015 2 3 3 5 2 2 0 1 4 0 0 22 Nov 2015 0 0 0 1 0 1 0 0 2 0 0 4 Feb 2016 – Worldwide 3 3 3 4 1 2 0 1 4 1 0 22 Feb 2016 – U.S. 0 0 0 1 0 1 0 0 2 1 0 5 Feb 2016- Foreign 3 3 3 3 1 1 0 1 2 0 0 17 Avg. Age - Worldwide 1993 1991 2001 1985 1969 1968 0 1971 1984 1973 0 Avg. Age - U.S. 0 0 0 1961 0 1971 0 0 1996 1973 0 Avg. Age - Foreign 1993 1991 2001 1998 1969 1965 0 1971 1973 0 0 Charter - Worldwide 2 0 0 0 0 3 0 0 1 0 0 6 Charter - U.S. 0 0 0 0 0 2 0 0 0 0 0 2 Charter - Foreign 2 0 0 0 0 1 0 0 1 0 0 4

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

Of the 22 ocean/coastal barges, three are 10 years of age or less. Thirteen or 59.1% of the ocean & coastal barges are 25 years of age or over with the oldest one, a U.S. flagged, single-hull, 30,000BBL barge, built in 1961 now trading in inland service and probably best suited for deck conversion. This is countered by a 399’, 82,000BBL IOM II OPA ’90 double hull ATB with 5,150HP tug to be delivered in early 2016.


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Ocean & Coastal Tank Barges Breakdown by Built & BBL

Built <10000

10000-

19999

20000-

29999

30000-

39999

40000-

49999

50000-

59999

70000-

79999

80000-

89999

90000-

99999 Total

1961

1

1

1965

1

1

1969

1

1

2

1971

1 1

2

1973

1 1

1976

2

2

1979 1

1

1982

1

1

1988

1

1

1990

1

1

1992

2

2

1998 1

1

2001

1

1

2002 1

1

2012

1

1

2013

1

1

2016

1

1

Unknown

1

1

Total 3 3 3 4 1 2 1 4 1 22

Eleven of the inland tank barges which Marcon has listed for sale are located in the U.S., followed by seven in Europe, three with undisclosed location, two in the Mediterranean and one each in the Caribbean, the Far

East and the Mid-East. Five each ocean / coastwise barges listed for sale are in Southeast Asia and in the U.S., three in Africa, two each in Canada and the Far East and one each in the Caribbean, Latin America, the Mediterranean, the Mid-East and undisclosed location. Twenty-four of the 48 tank barges Marcon has listed for sale worldwide are double hull. Ten of these are U.S. flag of which one is a newbuilding, two are seven years old and the rest are 23-47 years of age. The foreign double-hull barges range from a three-year old in Southeast Asia up to 51 years old in Africa.

Marcon’s Recent Sales Marcon International, Inc. is pleased to announce the private sale of a 1980 built U.S.-flag single-hull 23,000 barrel capacity ABS classed ocean tank barge on private terms. Marcon acted as sole broker in the transaction and has handled previous sales and purchases on behalf of both parties. One 88,000BBL double hull, ocean tank barge was sold on private & confidential basis. Since 1981, Marcon International closely follows the tug, barge and offshore petroleum markets with over 1,395 vessels and barges sold or chartered worldwide. Sales include 88 ocean tank barges totaling 6.750 million BBL capacity (abt. 912,160dwt), 63 inland tank barge total 1.031 million BBL capacity (abt. 139,304dwt), 315 tugs (982,107BHP), 222 ocean & inland ocean deck barges (1,028,186dwt), 127 hopper barges, three tankers (3,997dwt) and one 2,995 dwt LNG/LPG carrier.


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4

Shipyard News & Deliveries On Saturday, 12

th December, General Dynamics NASSCO launched the first

ship in a series of ECO Class tankers for the SEA-Vista fleet. The christening and launch ceremony took place at the NASSCO’s shipyard in San Diego. The ship, the “Independence”, is a 610’, 50,000 dwt, LNG-conversion-ready product tanker with a 330,000BBL cargo capacity. The new ECO Class tanker symbolizes the emerging direction of the shipping industry in the U.S. toward cleaner, more fuel-efficient modes of transporting product. Construction began in November 2014. As part of the ceremony, ship’s sponsor, Mrs. Allison Moran, CEO of RaceTrac Petroleum, christened the ship with a traditional champagne bottle break over the ship’s hull. Mrs. Jayne Rathburn, former CEO/owner of US Joiner, pulled the trigger to release the ship into the San Diego Bay. “General Dynamics NASSCO shipbuilders are revolutionizing the future of American shipping with the concept

and construction of innovative, cost-saving, and environmentally-sound vessels,” said Kevin Graney, vice president and general manager for General Dynamics NASSCO. “When delivered, these ECO Class, Jones Act-qualified tankers will be among the most fuel-efficient and environmentally-friendly tankers anywhere in the world.” The “Independence” was built for SEA-Vista, a partnership between SEACOR Holdings Inc. and Avista Capital Partners, and will be operated by Seabulk Tankers, Inc. "We are pleased to complete this important milestone for the first in a series of three fuel-efficient, ECO Jones Act product tankers that will be delivering into the SEA-Vista fleet and operated by Seabulk Tankers, Inc," said Daniel J. Thorogood, president and chief operating officer for Seabulk Tankers, Inc.

Triyards Holdings Limited, secured contracts to build two oil barges worth NTD 716 million (equivalent to approximately about US$ 21.82m) from a new

client, CPC Corporation, a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. The new contract wins are for the construction of a pair of oil barges intended for coastal service and the supply of bunker fuel to vessels in Taiwan's harbor and coastal areas to be delivered in 2QFY18. Mr. Chan Eng Yew, Triyards’ Chief Executive Officer, said: “This attests to our continued efforts to diversify our orderbook beyond the traditional O&G sector. Not only have we broadened our product range but we have also added another blue-chip name to our growing pool of clients. With our flexibility in engineering and fabrication solutions, Triyards is well positioned to address opportunities beyond the O&G sector.”

Philly Shipyard, Inc. (PSINC), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying for the first

product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. When completed at the end of this year, the vessel will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleum products. Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. Representatives and guests from Philly Shipyard, Kinder Morgan and the United States Coast Guard were in attendance to place the coins as a sign of good fortune and safe travels. Philly Shipyard representatives included the most

recent recipients of the company’s “Safety Team of the Quarter” award, who were recognized for exemplifying safe operation during the fourth quarter of 2015. Steinar Nerbovik, Philly Shipyard’s President and CEO, remarked, “Today marks our 25th Keel Laying celebration and I couldn’t be more proud of the 1,200 men and women of Philly Shipyard for their unyielding pride and passion that continues to bring all of our vessels to life.” “This is an exciting day for Kinder Morgan. We look forward to taking delivery of this state-of-the-art vessel at the end of 2016,” said Robert Kurz, vice president of Kinder Morgan Terminals and president of APT. The Tier II 50,000 dwt product tankers are based on a proven Hyundai Mipo Dockyards (HMD) design which incorporates numerous fuel efficiency features, flexible cargo capability and the latest regulatory requirements. The vessels will be constructed with consideration for the use of LNG for propulsion in the future. Philly Shipyard has delivered 22 ships in its 17 year history. The four product tankers for APT are currently under construction and have planned deliveries in 2016 and 2017. Also under construction at the shipyard are two 50,000 dwt product tankers for Crowley Maritime Corporation with planned deliveries during 2016 and two 3,600 TEU containerships for Matson Navigation Company, Inc. with planned deliveries in 2018.


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Bouchard Transportation Co., the nation’s largest independently owned oceangoing petroleum barge company, proudly celebrated the naming of the “Donna J. Bouchard” and the “B. No. 272” at the christening ceremony held on Thursday, February 18th in New Orleans. The ceremony began with gracious remarks from Bouchard Transportation President/CEO Morton S. Bouchard III;

followed by VT Halter Marine; and ExxonMobil/SeaRiver Maritime. Vessel sponsor Mrs. Joan Lesniewski, wife of Robert Lesniewski of ExxonMobil/SeaRiver Maritime, performed the breaking of the champagne bottles as executives from Bouchard, VT Halter Marine, and several of Bouchard Transportation customers, business partners, and regulatory agencies celebrated. “B. No. 272” was launched at VT Halter’s Pascagoula Operations in Pascagoula, Mississippi on November 20, 2015. Tug, “Donna J. Bouchard”, was launched at VT Halter’s Moss Point Marine facility in Escatawpa, Mississippi on September 15, 2015, and is named after the sister of Morton S. Bouchard III, President/CEO of Bouchard Transportation Co., Inc. Constructed independently of each other, and now paired, the M/V “Donna J. Bouchard” and “B. No. 272” are now classified alongside the “Kim. M Bouchard” & “B. No. 270” as the largest vessels to date in Bouchard's ongoing fleet expansion program. These are the second of two ATB units constructed by VT Halter Marine, Inc. “B. No. 272” measures 628 feet by 91 feet by 47 feet, has a 255,000-barrel capacity, and is ABS and USCG certified for Jones Act service. The “Donna J. Bouchard” is a 10,000HP twin screw ATB tug and is classed by ABS as A1 Towing Vessel, Dual Mode ATB, USCG Subchapter M, and is equipped with an Intercon Coupler System. Paired with Barge “B. No. 272”, the unit will be used to transport petroleum products for Bouchard Transportation.

“Celebrating the christening of the M/V ‘Donna J. Bouchard’ & ‘B No. 272’ signifies another major milestone in developing a modern, fuel-efficient, well-specified, reliable, and most importantly – safe fleet, capable of supporting the exacting requirements of the offshore industry around the world. Our expansion continues to be driven by our founding fathers and four generations of Bouchard’s philosophy of investing our profits in new, modern equipment to service our customers in the most efficient, and environmentally safe manner possible – a high quality service that customers have come to expect from Bouchard Transportation for close to 100 years. I would also like to thank our close friends at VT Halter for their delivery of another well-built tug and barge unit, and wish the crew of the M/V ‘Donna J. Bouchard’ & ‘B. No. 272’ safe and smooth sailing for

years to come”, said Morton S. Bouchard III, President/CEO of Bouchard Transportation Co., Inc. “We join Bouchard

Transportation in the celebration of the christening of the M/V ‘Donna J. Bouchard’ and Barge ‘B. No. 272’. Bouchard

Transportation has a long tradition of unmatched excellence, and the men and women of VT Halter Marine are extraordinarily proud that this superb tug and barge unit is joining the Bouchard Fleet. We wish the crew of the M/V

‘Donna J. Bouchard’ and Barge ‘B. No. 272’ nothing but ‘fair winds and following seas’ as they take this highly

sophisticated, technically advanced ATB unit to sea. VT Halter Marine also looks forward to the delivery of the M/V

‘Frederick E. Bouchard’ in June 2016”, said Jack Prendergast, President and CEO, VT Halter Marine.

A new shipbuilding contract signed between Vane Brothers of Baltimore, Maryland and Conrad Industries of Morgan City, Louisiana paves the way for construction of three 80,000BBL AT/B units and a 55,000BBL asphalt barge. Delivery of “Double Skin 510A” asphalt barge and first AT/B is expected in 2017, with the other two AT/Bs to follow in 2018. Vane currently operates two 140,000BBL AT/Bs, built in 2006 and 2007 by Manitowoc Marine Group specifically for coastwise heavy-oil transport. The AT/Bs utilize an Intercon mechanical coupler system within a notched wall to connect the tugboat and barge. Conrad Industries’ new construction segment accounted for 89.1% of their 2015 total revenue and the repair and conversion segment accounted for 10.9% of 2015 total revenue. For 2015, 15.6% of total revenue was Gulf of Mexico oil and gas industry (“energy”) related, 71.1% was other commercial and 13.3% was government. This compares to 35.3% energy, 62.0% other commercial and 2.7% government in 2014. Backlog was $211.8 million at December 31, 2015 as compared to $180.2 million at December 31, 2014. At December 31, 2015, 93.4% of Conrad’s vessel construction backlog was from other commercial contracts, 5.2% was from government and 1.4% was from energy contracts. Although 2016 is expected to be another challenging year, Conrad is optimistic about their long-term prospects after having met these types of challenges in the past. The company continues to be confident will continue to be responsive to changing market conditions.


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In early March of this year, Fincantieri Marine Group (FMG) of Sturgeon Bay, Wisconsin signed a contract for construction of an articulated tug barge unit (ATB) for delivery in late 2017. The contract includes an option for a second ATB unit to be potentially delivered in

2018. Vessels will be built at FMG’s Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin. The new barge will have a capacity of 185,000BBL with dimensions of 578’ by 78’. Tug will be an 8,000HP unit equipped with new Tier IV engines to meet latest EPA emission standards. When complete, the new ATB will operate on the East Coast and Gulf of Mexico. “We are pleased to have this opportunity,” stated Francesco Valente, FMG President and CEO. “This new contract marks an additional expansion of our product portfolio, confirms our ability to win business with new customers in a very competitive market and further consolidates our presence and reach in the U.S. market.” “This award increases our pipeline of new construction to 10 vessels and provides additional stability to our business,” added FBS VP and General Manager, Todd Thayse. “We are grateful for the confidence that our customers continue to place in our reputation for quality and the strong shipbuilding skills of our workforce.” In November, Fincantieri Bay Shipbuilding delivered the 6,000HP ATB tug “Leigh Ann Moran” and 494.6’ x 78.0’ x 41.0’ depth / 27.5’ draft, 19,684ltdw double hull,

ocean tank barge “Mississippi” (Hull 777) to Moran Towing Corp. of New Canaan, Connecticut. The ABS +A1, Oil & Chemical Barge, RRDA, UWILD, Unrestricted Service classed barge has a capacity for 160,815BBL liquid cargo in 10 heated & coiled cargo and two slop tanks. Ballast capacity is abt. 9,108lt in

11 tanks. One more Moran AT/B unit, Ocean

Tug & Barge Engineering’s “Atlantic IV” design, 5,100HP “Barbara Carol Ann Moran” (Hull 776) and a 120,000BBL barge, is scheduled for second quarter 2016. Five close sister-tugs have been built to this design –“Leigh Ann Moran” (Hull 778 – 2015), “Linda Moran” (Hull 92 – 2008), “Lois Ann L. Moran” (Hull 94 – 2009), “Mary Ann Moran” (Hull 98 – 2010), and “Patti R. Moran” (Hull 91 – 2007). Pre-2011 built tugs were built by Washburn & Doughty Associates of East Boothbay, Maine.

After an initial glitch in launching, Kirby Offshore Marine’s 136’ x 46’ x 22’ deep ATB tug “Tina Pyne” (Hull S-179) (photo right) was floated out on Sunday

morning, 14th February at Nichols Brothers Boat Builders in Freeland on

Whidbey Island in Washington. The 10,000HP tug is the sister to the “Nancy Peterkin” (Hull S-178) launched last year and already in service with her

185,000BBL barge “Kirby 185-01” (Hull 106) as of last November. Both tugs are powered by EMD 20-710-G7C Tier 3 diesels developing a total of 10,000HP at 900RPM, Reintjes WAF 5666 5.864:1 gears and Nautican fixed props in high efficiency nozzles and triple rudders. Both tugs are classed ABS +A1, Towing Vessel, +AMS, +ACCU, CPS, UWILD, COW Unrestricted and the “Nancy Peterkin” (photo left) has an ABS certified bollard pull of 145 long tons, although she reportedly tested higher. “Nancy Peterkin” and “Kirby 185-01” generally trade in the Pacific Northwest. The second barge, “Kirby 185-02”, was launched on 23

rd January (photo right) to the

traditional swirl of the bagpipes. Once mated with the “Tina Pyne”, both will

head to the Gulf of Mexico on contract with RaceTrac Petroleum which operates a chain of more than 650 retail gasoline stations and convenience stores in 12 states across the southeastern United States. She will move gasoline and diesel fuel from Texas and Louisiana into Florida where it will eventually be retailed throughout the southeast. Both 578’ x 78’ x 42’ depth, double hull ocean barges

were built by Gunderson Marine / Greenbrier in Portland, Oregon and are the largest barges built by Greenbrier to date. Barges are classed ABS +A1, Oil & Chemical Tank Barge, UWILD, Unrestricted.


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On 19th February, Harley Marine Gulf took delivery of the

double hull, ocean tank barge “Fight A.L.S.” (Hull 23).

Constructed at Vigor Fab in Portland, Oregon, the 83,800BBL barge promptly left for the U.S. Gulf via the Panama Canal to be paired with the A/TB tug “Barry Silverton” (Hull C-1080) built by

Conrad Industries of Morgan City. The 116’ x 39’ x 17’ tug is powered by twin GE 8L250 Tier 3 diesels developing a total of 4,492BHP. “Fight A.L.S.” is the third 83,800BBL AT/B tank barge recently built

for Harley Marine Services and joins sister barges “Dr. Robert J. Beall” and “Fight Fanconi.” The 422’ x 76.7’ x 27’ depth / 21.5’ draft barges were designed by Elliott Bay Design Group of Seattle. The barges include 12 separate cargo tanks and with their twin Byron Jackson 12” LS 16GH DW pumps, have the ability to pump cargo at 10,000bph. A nitrogen-generating inert system is onboard. All pump and auxiliary engines meet Tier 3 standards. The three barges are classed ABS +A1, Oil Tank Barge, Unrestricted Service. The “Fight A.L.S.” and tug “Barry Silverton” will join HMG’s offshore fleet working the Gulf and East Coast transporting clean petroleum

products, specifically gasoline and distillates……Work is nearing completion on Harley Marine’s new AT/B tug “Dale R. Lindsey” (photo

right) at Vigor Industrial in Seattle, Washington. The 95’ tug is expected to be delivered in late April and will be paired with the 222.0’ x 64.6’ x 23.6’ depth / 16.6’ draft, 28.450BBL, 2015 built double hull petroleum barge “Petro Mariner” in Southeastern Alaska.

Crowley Maritime Corp. christened the second of four new, MR2, Jones Act product tankers at the South Florida Petroleum Terminal in Fort Lauderdale, Florida. The 50,000dwt, 330,000BBL “Texas” (Hull 022) joins sister ship “Ohio” (Hull 021), christened by Crowley in November, as the first ever tankers to receive the American Bureau of Shipping’s LNG-Ready Level 1 approval, meaning Crowley has the option to convert the MAN-B&W powered tanker to liquefied

natural gas for propulsion in the future. A small group including representatives from SeaRiver Maritime, vessel’s charterer, attended the christening. “Crowley welcomes this industry defining, LNG-Ready vessel into service,” said Rob Grune, senior VP and general manager, petroleum services. “Not only will this be a high -performance vessel capable of meeting or exceeding our customers’ petroleum transportation needs within the U.S.-Coastwise trade, it will do so in a way that is more environmentally friendly than those

that have come before her.” “Texas” was constructed by PSINC (Philly

Shipyard, Inc. / formerly known as Aker Philadelphia Shipyard, Inc.), with construction management services by Crowley’s Seattle-based, naval

architecture and marine engineering subsidiary Jensen Maritime. Two additional product tankers, the “Louisiana” (Hull 023) and “Alaska” (Hull 23) are being built by PSINC for Crowley and have planned deliveries later this year. The new tankers are based on a proven Hyundai Mipo Dockyards design which incorporates numerous fuel efficiency features, flexible cargo capability, and latest regulatory requirements. The 183.3m (601’) x 32.2m x 19.1m depth / 13.0m draft “Texas” is capable of carrying about 57,759m3 crude oil or refined petroleum products in 12 P/S epoxy coated cargo tanks. Vessel is fitted with COW, IBS, SBT, Vapor Recovery and Closed Loading. “Texas” is classed ABS +A1, Chemical Carrier, Oil Carrier, ESP, (E), +AMS, +ACCU, UWILD, Unrestricted Service. Following is a list of the seven tank barges greater than 5,000GT delivered in 2015 from U.S. shipyards per Colton Co. 2014 saw the delivery of two tank barges in this category.

2015 Deliveries of Tank Barges > 5,000GT Sorted by Owner/Operator

O.N. Name Builder Owner/Operator Type of Vessel GT Date

1257373 B. No. 270 VT Halter Marine Bouchard Transportation 589' Tank Barge 16,139 10-Jul-15

1251829 Fight Fanconi Anemia Vigor Portland Harco Marine 404' Tank Barge 6,685 08-Jul-15

1262367 Kirby 185-01 Gunderson Marine Kirby Ocean Marine 543' Tank Barge 11,647 28-Oct-15

1261974 Mississippi Bay Shipbuilding Moran Towing 463' Tank Barge 9,992 25-Sep-15

1257867 Texas Bay Shipbuilding Moran Towing 463' Tank Barge 9,992 20-May-15

1259783 RTC 108 SENESCO Reinauer Transportation 390' Tank Barge 6,136 25-Jun-15

1255909 Dr. Robert J. Beall Zidell Marine West Coast Barge Leasing 404' Tank Barge 6,641 02-Jan-15


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8

Recent News in the Market Genesis Energy, L.P. announced on February 18, 2016 its fourth quarter results for the quarter ended December 31, 2015. The company generated total Available Cash before Reserves of $102.3 million in fourth quarter 2015, an increase of $39.4 million, or 63%, from fourth quarter 2014. In addition to both on and offshore pipelines & refinery services, Genesis operates 66 “brown water” barges and 30 inland river pushboats with a total capacity of abt. 1.8mm BBL. Five pushboats and eight barges are on order with periodic deliveries through 2016. Offshore marine “blue water” operations include nine boats and nine coastwise barges (abt. 0.9mmBBL capacity), plus the 330,000BBL capacity ocean-going tanker “American Phoenix” acquired in fourth quarter 2014.

Grant Sims, CEO, said, "Our businesses continue to perform well in a tumultuous environment in the energy space. As we've built the partnership over the last decade, we've tried not to follow the herd, instead focusing on creating long-term, sustainable value, which we believe will prove resilient through a generational commodity cycle and bursting energy credit buBBLe. Our strategy is serving us well, on a relative basis, as well as absolutely, given we were able to generate a record amount of Available Cash before Reserves and a coverage ratio of 1.42 times our increased distribution recently paid with respect to the fourth quarter. As much as we've tried to insulate ourselves from the direct effects of lower prices and arguably aberrant activity resulting from a ‘free money’ environment, we are not totally immune to certain macroeconomic conditions. We are primarily talking about competition from third parties with distressed sunk cost economic motivations and over built infrastructure in certain geographic areas and business lines.

However, we view the cumulative effects of these headwinds to be manageable, virtually all of which are already reflected in our fourth quarter results, and about which we will expand on our call. “Importantly, we have positioned ourselves not to have to go to the capital markets to fund the completion of our organic projects or otherwise support our operations. During the next several quarters as we finish our spend and before we see the contribution from the incremental fees to be generated from those projects, the outstandings under our revolver will increase. After outstandings peak in late second quarter or early third quarter of this year, we would intend, as we always have, to use our excess coverage to de-lever our balance sheet, while continuing to increase the distributions to the holders of our units."

Offshore pipeline transportation Segment Margin increased $51.4 million, or 205%, between fourth quarter periods. This increase is primarily due to the Enterprise acquisition, which closed in July 2015. Throughput volumes on the pipelines increased in the aggregate both sequentially and on a year over year basis. This was the result of new fields such as Lucius and Delta House being brought on stream as well as the result of development activities in existing fields. The Gulf of Mexico deepwater fields are typically long-lived productive assets that are developed by integrated oil and gas companies or independent producers with strong balance sheets. These fields continue to experience on-going development activities as they rank favorably for companies prioritizing investment in long term return projects.

Onshore pipeline transportation Segment Margin increased $0.6 million, or 4%, between the fourth quarter periods. That increase was primarily the result of an increase in volumes and tariff revenues mainly Genesis Energy’s Texas and Louisiana pipeline systems, as well as the initial throughput volumes and tariff revenues earned on Genesis Energy’s new Wyoming pipeline system from its new receipt locations in Campbell and Converse counties with delivery to its Pronghorn Rail Facility. These increases were partially offset by decreases in volumes and revenues on Genesis

Energy’s other onshore pipeline systems. Marine transportation Segment Margin decreased $1.0 million or 4%, between the fourth quarter periods. This decrease is primarily attributable to fewer working days relative to the 2014 Quarter due to previously scheduled regulatory drydockings of certain vessels in Genesis Energy’s inland and offshore fleets. This decrease is partially offset by a full quarter of operating results from the M/T “American Phoenix” (pictured left) in the 2015 Quarter included as part of the offshore marine fleet.


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Seacor Holdings Inc. recently announced its results for its fourth quarter ended December 31, 2015. For the fourth quarter of 2015, net loss attributable to Seacor Holdings Inc. was $68.8 million. For the preceding quarter ended September 30, 2015, net income attributable to Seacor Holdings Inc. was $7.0 million. For the quarter ended December 31, 2014, net income attributable to Seacor Holdings Inc. was $40.1 million. During the fourth quarter 2015, there was a goodwill impairment charge of $9.6m net of tax associated with the Offshore Marine Services segment and $53.8m net of tax losses from marking investments in Dorian LPG and SCFCo Holding LLC from equity to market value.

Inland River Services - Operating income was $9.2 million in the fourth quarter compared with $15.2 million in the preceding quarter. OIBDA was $16.3 million on operating revenues of $58.4 million in the fourth quarter compared with $22.4 million on operating revenues of $54.3 million in the preceding quarter, which included third quarter gains of $10.6 million from the sale of Seacor's domestic 10,000 barrel liquid tank barge fleet.

Operating results before gains on asset dispositions were $5.2 million higher in the fourth quarter compared with the preceding quarter. Operating results for the dry-cargo barge pools were $7.6 million higher primarily due to seasonal demand for moving grain associated with the fall harvest and higher freight rates. Operating results from Seacor's fleeting operations were $1.0 million lower primarily due to reduced activity levels on the Upper Mississippi River and higher repair and maintenance costs. Operating results from Seacor's 10,000 liquid tank barge fleet were $0.7 million lower as a consequence of the sale of the equipment in the preceding quarter. Operating results from Seacor's liquid unit tow operations were $0.4 million lower primarily due to two towboats undergoing repairs resulting in higher charter-in expense and higher repair and maintenance costs. During the fourth quarter, Seacor recognized $25.9 million of equity losses in its 50% owned joint venture, SCFCo, operating on the Parana-Paraguay River Waterway, including a $21.5 million impairment charge for an other-than-temporary decline in the fair value of its investment. In addition, Seacor recognized interest income (not a component of segment profit) of $0.8 million during the fourth quarter on notes due from this joint venture.

Shipping Services - Operating income was $19.8 million in the fourth quarter compared with $18.3 million in the preceding quarter. OIBDA was $26.3 million (of which $8.6 million is attributable to noncontrolling interests associated with SEA-Vista, which is a joint venture that owns Seacor's Jones Act tankers) on operating revenues of $61.4 million in

the fourth quarter compared with $24.8 million (of which $9.2 million is attributable to SEA-Vista noncontrolling interests) on operating revenues of $58.7 million in the preceding quarter. Operating results were $1.5 million higher in the fourth quarter primarily due to increased harbor towing activities resulting from higher port traffic, higher short-sea cargo shipping demand and lower fuel costs. Equity in losses of 50% or less owned companies during the fourth quarter were primarily due to Seacor's investment, at equity, in Dorian. During the fourth quarter, Seacor determined it no

longer exercised significant influence and marked its investment, at equity, in Dorian to fair value resulting in a loss of $32.3 million, net of tax. As of December 31, 2015, Seacor's investment in Dorian is classified as marketable securities in its consolidated balance sheet and carried at a fair value of $108.0 million.

Capital Commitments - As of December 31, 2015, Seacor’s unfunded capital commitments were $396.5 million of which $280.6 million is to be paid out in 2016, $85.3 million in 2017, $22.5 million in 2018 and $8.1 million in 2019. Shipping Services' capital commitments included three U.S.-flag product tankers, one U.S.-flag articulated tug barge and two U.S.-flag harbor tugs. Offshore Marine Services' capital commitments included seven fast support vessels, four supply vessels, two specialty offshore support vessels and three wind farm utility vessels. Inland River Services' capital commitments included 50 dry-cargo barges, one 30,000 barrel liquid tank barge and five inland river towboats. Approximately $6.8 million of the capital commitments may be terminated without further liability other than the payment of liquidated damages of $0.8 million. Subsequent to December 31, 2015, Seacor committed to purchase one offshore support vessel and other equipment for $15.6 million.


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Conrad Industries, Inc. Morgan City, Louisiana results for the quarter ending 31

st December 2015 include net income of $3.4 million compared to

$5.2 million during fourth quarter 2014. Conrad had net income of $10.6 million for the year ending 31

st December 2015 compared to net income of

$22.8 million for year end December 31, 2014. Results for the three months and year ended December 31, 2015 included research and development tax credits of $3.4 million and $5.9 million, respectively. Conrad’s backlog was $211.8 million at December 31, 2015 compared to $180.2 million at December 31, 2014. Johnny Conrad, President and CEO stated, “Our results for 2015 reflect the challenging operating environment, which negatively impacted both vessel construction and repair and conversion business segments. Notwithstanding current market conditions, we have been pursuing a disciplined program to invest in improving our shipyards’ capacities and efficiencies, including at our newest yard Deepwater South. We believe that this, along with our experienced management team and workforce, and our adherence to our Core Values have enabled us to secure new contracts. In

addition to investing in our business, over the last three fiscal years, we have returned $39.0 million in cash to shareholders through dividends and stock repurchases. Our Board will continue to monitor market conditions and work with management to successfully navigate this business cycle as we have in the past.” Mr. Conrad continued, “Although we expect 2016 to be another challenging year, we are optimistic about the long-term prospects of our business. We have met these types of challenges in the past and are confident that we will continue to be responsive to changing market conditions, with our goal remaining to enhance shareholder value.”

Trinity Industries, Inc. reported net income attributable to Trinity stockholders of $200.0 million for the fourth quarter ended December 31, 2015. Net income for the same quarter of 2014 was $138.2 million. Revenues for the fourth quarter of 2015 totaled $1.55 billion compared to revenues of $1.66 billion for the same quarter of 2014. For the year ended December 31, 2015, Trinity reported record net income attributable to Trinity stockholders of $796.5 million. In 2014,

Trinity reported net income of $678.2 million. Revenues for the year ended December 31, 2015 were $6.39 billion, a 4% increase compared to revenues of $6.17 billion in 2014. “During 2015, Trinity reported its third consecutive year of record revenues, operating profit, and earnings per common diluted share. We utilized the strengths of our integrated business model and the capabilities and expertise of our dedicated employees to achieve these impressive results," said Timothy R. Wallace, Trinity’s Chairman, CEO and

President. The Inland Barge Group reported revenues of $147.2 million for the fourth quarter of

2015 compared to revenues of $167.8 million in the fourth quarter of 2014. Operating profit for this Group was $20.7 million in the fourth quarter of 2015 compared to $25.8 million in the fourth quarter of 2014. The decrease in revenues compared to the same quarter last year was primarily due to lower tank barge deliveries partially offset by higher delivery volumes of hopper barges. The Inland Barge Group received orders of $190.1 million during the quarter, and as of December 31, 2015 had a backlog of $416.0 million compared to a backlog of $373.1 million as of September 30, 2015.

In January, Greenbrier Companies, Inc. of Lake Oswego, Oregon; parent of

Gunderson Marine, reported net earnings for the second fiscal quarter ending 29

th February of $44.9 million on revenues of $669.1 million. New railcar

backlog as of 29th February was 34,100 units with an estimated value of $4.0

billion (average unit sale price $116,000), compared to 36,000 units with an estimated value of $4.1 billion (average $115,000) as of 30

th November 2015.

Marine backlog as of 29th February 2016 was approx. $18 million. Based on

current business trends and production schedules, Greenbrier expects annual revenues of $2.8 billion for fiscal 2016, with financial results weighted towards first half of the year primarily due to line changeovers, product mix changes and lower production rates on certain lines in the second half of fiscal 2016.


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Kirby Corporation of Houston, Texas’ net earnings for fourth quarter ended 31st December 2015 were $50.7 million,

compared with $68.1 million for the 2014 fourth quarter. Consolidated revenues for 2015 fourth quarter were $484.1 million compared with $668.3 million for fourth quarter 2014. Kirby reported net earnings for full year 2015 of $226.7 million, compared with $282.0 million for 2014. Consolidated revenues for 2015 were $2.15 billion compared with $2.57 billion. David Grzebinski, Kirby’s President and CEO, commented, “During the fourth quarter, the price volatility and generally lower prices of commodities impacted demand in both our marine transportation and diesel engine businesses. Our inland marine transportation tank barge utilization dipped into the high-80% range for short periods during the quarter. We continued to face a competitive inland marine environment which led to both lower spot pricing and lower pricing on term contracts that renewed. In our coastal marine transportation market pricing held up well, although we continued to see a decline in the percentage of equipment under term contract.” As of the end of the fourth quarter, Kirby operated 898 inland tank barges, 243 inland river pushboats, 70 coastal tank barges and 73 tugboats. 80% of the inland revenues were under term contracts, of which approx. 55% were under time charters. 79% of coastal revenues were under term contracts, of which approx. 90% under time charters.

Marine Transportation - Marine transportation revenues for fourth quarter 2015 were $399.8 million compared with $429.4 million for fourth quarter 2014. Operating income for the 2015 fourth quarter was $87.9 million compared with $104.2 million for 2014 fourth quarter. The decline in fourth quarter revenue in 2015, compared with 2014, was mainly driven by a 41% decline in the average price of marine diesel fuel which is passed through to its customers and, to a lesser extent, an increase in inland marine delay days, lower pricing and an increase in available spot market days for certain offshore marine equipment. Kirby’s

inland marine transportation business had tank barge utilization in the high-80% to low-90% range in the 2015 fourth quarter. Demand for inland barge transportation of petrochemicals, refined petroleum products and black, excluding crude oil, was stable. Demand for barges moving crude oil and condensate during the quarter was lower both sequentially and year-over-year. Operating conditions were challenging due to flooding and strong currents at certain locations on the Gulf Intracoastal Waterway, as well as closure of two major locks throughout the first half of November and high water on the Mississippi River System in December. These conditions contributed to a 15% year-over-year increase in delay days. Demand for coastal marine transportation of refined petroleum products, black oil, and petrochemicals was stable, although demand for equipment for crude oil transportation declined sequentially and year-over-year. Kirby’s coastal fleet utilization was in the high-80% to low-90% range, a decline from the 2015 third quarter largely due to the seasonally normal cessation of most operations in Alaska. In late November, Kirby’s newest articulated tank barge and tugboat unit entered service on the West Coast under a multi-year contract (See page 6).

Commenting on 2016 first quarter and full year market outlook, Mr. Grzebinski said, “In our coastal marine transportation market, we expect to benefit from having our first new 185,000 barrel ATB in service for the full year, as well as a partial year benefit for the second 185,000 barrel ATB. Given market uncertainty, it is possible that the percentage of revenue from term contract business could continue to decline and result in lower utilization and added non-billable costs. Our guidance range reflects different possibilities for both utilization and pricing, ranging from slightly lower utilization with modest pricing pressure to steady utilization with modest pricing increases.” Kirby expects 2016 capital spending to be $220 to $240 million range, which includes $1 million for completion of three inland tank barges and one inland towboat to be delivered in 2016 and approx. $95 million in progress payments on new coastal equipment, including one 185,000BBL coastal ATB, two 155,000BBL coastal ATBs, two 4,900HP coastal tugs and a

new coastal petrochemical barge. Kirby agreed to purchase the inland tank barge fleet of Seacor Holdings for approx. $88 million in cash. Purchase will consist of 27 inland 30,000BBL tank barges and 13 inland towboats, plus one 30,000BBL tank barge and one towboat currently under construction. As part of the agreement, Kirby will transfer to Seacor ownership of one Florida-based ship docking tug. Closing is expected to occur early second quarter 2016 subject to certain customary conditions, including regulatory approvals. David Grzebinski, Kirby’s President and CEO, commented, “The purchase of the Seacor inland tank barge and towboat fleet further expands our inland marine fleet with well-maintained and recently constructed vessels. Operating primarily in the refined products trade, these assets will be complementary to our existing fleet and will allow us to continue to enhance customer service.”


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Bunker Prices Worldwide Due to a resource change, we now report on the monthly closing prices for each region covered courtesy of Ship & Bunker (shipandbunker.com). Bunker prices seem to be bottoming out. Fujairah closed February 2016 at US$ 433.50/mt, 6.57% less than January’s US$ 464.00/mt and 45.37% below February 2015’s closing price of US$ 793.50/mt. Houston posted a very modest decline of 1.60% over January’s US$ 344.00/mt, closing at US$ 338.50/mt and was down 49.44% from February 2015’s closing price of US$ 669.50/mt. Rotterdam increased 3.46% from January to February 2016 from US$ 289.00/mt to US$ 299.00/mt. However since February 2015, Rotterdam dropped 49.32% from its then US$ 590.00/mt. Singapore ended February 2016 at US$ 309.50/mt, 2.65% more than January’s closing US$ 301.50/mt and 47.59% below February 2015’s ending US$ 590.50/mt.

Pacific OPIS contract average weekly prices of ultra-low sulphur diesel for the week ending 26

th February 2016 compared to the week

ending 29th January 2016 saw in Seattle a 3.17% increase to US$

1.5133 per gallon from US$ 1.4668/gal. Portland, OR rose 2.26% to US$ 1.5470/gal (US$ 1.5128/gal). San Francisco gained 1.09% to US$ 1.6838/gal from US$ 1.6656/gal. “So. California Tugs”, comprised of Los Angeles / Long Beach, dropped 0.21% to US$ 1.6480/gal from US$ 1.6514/gal. El Segundo closed down 5.25% to US$ 2.615/gal from US$ 2.760/gal. Hawaii rose 5.33% to US$ 1.58/gal from US$ 1.50/gal. By the end of the first week of March, prices in all ports, except El Segundo, rose from 1.27% in Hawaii to 3.32% for “So California Tugs”. It looks like we hit our low point and prices are starting to edge back up just in time for spring and summer travel.

According to the Paris-based, International Energy Agency’s “Oil Market Report”, crude prices rose to their highest in three months in early March, stoked by tightening supply, proposed new producer talks on coordinated output action and US dollar weakness. At the time of writing, Brent was at $39.80/BBL and US WTI was at $37.30/BBL. Sharp decelerations in demand growth - particularly in the US and China - pulled global growth down to a one-year low of 1.2 mb/d in 4Q15, compared to the year earlier, dramatically below the near five-year high of 2.3 mb/d in 3Q15. A gain of around 1.2 mb/d is forecast for 2016. Global oil supplies eased by 180 kb/d in February, to 96.5 mb/d, on lower OPEC and non-OPEC output. Production stood 1.8 mb/d above a year earlier, as a slight decline in non-OPEC was more than offset by OPEC gains. Non-OPEC production is estimated to fall by 750 kb/d, to 57.0 mb/d in 2016, 100 kb/d less than in last month's Report. OPEC crude oil production eased by 90 kb/d in February to a still-robust 32.61 mb/d with losses from Iraq, Nigeria and the UAE partly offset by a substantial rise in flows from post-sanctions Iran. Saudi Arabia, OPEC's largest producer, held supplies steady. OECD commercial inventories gained 20.2 mb in January while forward demand cover remained comfortable at 32.7 days. Preliminary data suggest that in February, OECD inventories drew for the first time in a year while volumes of crude held in floating storage increased. Global refinery throughputs are estimated at 79.1 mb/d in 1Q16, reflecting weak OECD refinery throughput and a shift of peak spring maintenance to 1Q. Annual growth in 4Q15 fell to below 1 mb/d in 4Q15 amid product stock builds and in line with a slowdown in global oil demand growth.


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Per the latest U.S. Energy Information Administration’s

“Short-Term Energy Outlook”, Brent crude oil spot prices increased by $1/BBL in February to a monthly average of $32/BBL. Accelerating reductions in the U.S. rig count and market reactions to news of a potential OPEC/non-OPEC supply freeze gave support to oil prices in February that offset the downward price pressure from ongoing growth in global oil inventories and uncertainty over the strength of global oil demand growth. With large global oil inventory builds expected to continue in 2016, oil prices are expected to remain near current levels. Forecast Brent prices average $34/BBL in 2016, $3/b lower than forecast in last month’s

STEO. Global oil inventories are expected to grow by an average of 1.6 million b/d in 2016 and by 0.6 million b/d in 2017, both higher than in last month’s STEO. Inventory builds are higher in this month’s STEO as a result of recent updates to historical data showing continued resilience from non-OPEC oil producers in the current low-price environment and as a result of a reduction in forecast global oil demand growth. Higher forecast inventory builds and slower market rebalancing contribute to a more limited price recovery in 2017 than previously forecast, with Brent prices forecast to average $40/b, $10/b lower than in last month’s STEO. Prices reach an average of $45/b in the fourth quarter of 2017, as the oil market becomes relatively balanced at that point, with the potential for inventory draws beyond the forecast period. Forecast West Texas Intermediate (WTI) crude oil prices average the same as Brent crude oil prices through the forecast period. The price parity of WTI with Brent in the forecast period is based on the assumption of competition between the two crudes in the U.S. Gulf Coast refinery market, as transportation differentials are similar to move the crudes from their respective pricing points to that market. The expectation of continuing large inventory builds is a major source of uncertainty in the price forecast, as the capacity of global oil storage to absorb builds of the forecast magnitude is unknown. Additional uncertainty stems from the pace of global economic growth and its contribution to oil demand growth, and also from the responsiveness of oil producers to sustained low oil prices.

The U.S. Energy Information Administration forecasts that U.S. crude oil production is projected to decrease from an average of 9.4 million b/d in 2015 to 8.7 million b/d in 2016 and to 8.2 million b/d in 2017. The forecast reflects an extended decline in Lower 48 onshore production driven by persistently low oil prices that is partially offset by growing production in the federal Gulf of Mexico. EIA estimates total U.S. production has fallen 0.6 million b/d since April 2015, to an average of 9.1 million b/d in February, with the entire production decline coming from Lower 48 onshore. With WTI prices currently below $40/b and projected to remain below that level through the first half of 2017, EIA expects oil production to decline in most Lower 48 onshore oil production regions. The expectation of reduced cash flows in 2016 and 2017 has prompted many companies to scale back investment programs, deferring major new undertakings until a sustained price recovery occurs. The prospect of higher interest rates and tighter lending conditions will likely limit the availability of capital for many smaller producers, giving rise to distressed asset sales and consolidation of acreage holdings by more financially sound firms. Lower onshore investment is anticipated to reduce the count of oil-directed rigs and well completions in 2016 and 2017. The focus of drilling and production activities will be on the core areas of major tight oil plays. In these areas, falling costs and ongoing technological and process improvements in rig, labor, and well productivity are anticipated to lead to faster rates of well completions and less-rapid production declines relative to other Lower 48 onshore areas. The ongoing gains in learning-by-doing, cost reductions, and rig and well productivity are expected to enhance the economic viability of these areas and to be adopted in other regions, incrementally reducing the breakeven costs of oil production in more marginal areas. Growing domestic and global consumption of gasoline contributed to refinery wholesale gasoline margins (the difference between the wholesale price of gasoline and the price of Brent crude oil) averaging 48 cents/gallon (gal) in 2015, compared with the previous five-year average of 25 cents/gal. However, high gasoline inventories contributed to falling gasoline margins in February, which caused retail regular gasoline prices to fall to an average of $1.76/gal for the month. Monthly average regional gasoline retail prices for February ranged from a low of $1.55/gal in the Gulf Coast (PADD 3) to a high of $2.25/gal in the West Coast (PADD 5). EIA expects the U.S. regular gasoline retail price to average $1.84/gal in March 2016, before increasing to $2.02/gal in June.


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In the U.S., the East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels (mainly gasoline, diesel, & jet fuel). East Coast transportation fuels consumption is met through a number of supply sources, but none is more important than supply from the Gulf Coast. Conversely, surplus supply in the Gulf Coast is distributed to a number of domestic and foreign markets, but none is larger than the East Coast. EIA has commissioned studies of transportation fuels supply, consumption, and distribution in certain regions of the country, as defined by Petroleum Administration for Defense Districts (PADDs). The most recent study involves the East Coast and Gulf Coast regions and nine sub-PADD regions: four in the East Coast and five in the Gulf Coast.

According to the U.S. Energy Information Administration. U.S. refinery outages due to planned refinery maintenance during first half 2016 is not expected to adversely affect supply of gasoline, jet fuel, and distillate fuel. The effect of refinery outages on product supplies depends on many factors, including petroleum product demand, availability of product supplies from available refinery capacity, inventories, imports and redirected exports, as well as actual levels of both planned and unplanned refinery outages. Barring unusually high unplanned outages, planned outages that extend beyond the planned period, or higher-than-expected demand, supply of gasoline, jet fuel, and distillate fuel should be adequate in all regions during first half 2016. PADD 1 planned maintenance is very light for atmospheric crude distillate, fluidized catalytic cracking, and reforming capacity. Planned outages will result in estimated production loss in gasoline of 31,000 b/d and 27,000 b/d in March and April, respectively, and production loss in distillate fuel of 12,000 b/d and 14,000 b/d in March and April, respectively. Production losses in other months during first half 2016 are negligible. Total estimated production loss induced by the expected outages accounts for only 2.9% of existing gasoline inventory, 1.0% of jet fuel inventory, and 1.2% of distillate inventory. The production loss in PADD 1 could be covered by existing product inventory. Planned maintenance in PADD 2 is concentrated from March to May, with outage rates of crude distillation and reforming capacities close to the 10-year maximum level. High planned outages of reforming capacity could cause tightness for octane. Outage rates of hydrocracking capacity will be higher than the 10-year maximum in May and June. Planned maintenance of fluidized catalyst cracking capacity will be above the 10-year maximum in February, a low-gasoline-demand month, and remain near the 10-year average between March and June. Outages will result in moderate production loss of petroleum products from February to June. The highest losses occurred in February, consisting of 132,000 b/d in gasoline, 53,000 b/d in jet fuel, and 60,000 b/d in distillate fuel. Total estimated production losses in gasoline, jet fuel, and distillate fuel account for 29%, 94%, and 25% of existing inventories as of January 8, which indicate current inventories must be supplemented by supplies from other regions, such as the Gulf Coast, to offset lost production. Planned maintenance in PADD 3 of reforming, hydrocracking, and coking units is intermittently above or close to the 10-year maximum, while planned maintenance for other units is near or below the 10-year average. The outages will result in moderate production loss in petroleum products. From February to April, expected average losses are 303,000 b/d in gasoline, 28,000 b/d in jet fuel, and 113,000 b/d in distillate fuel. Gulf Coast inventories are all near or above the 10-year maximum at the beginning of 2016. Total estimated production loss accounts for 33% existing gasoline inventory, 18% existing jet fuel inventory, and 21% existing distillate inventory. As a result, there may be a need to divert exports from the Gulf Coast to domestic markets to offset lost production from planned outages. Planned outages in PADD 4 are moderate and concentrated from February to April. Total estimated production losses account for 34% gasoline inventory, 71% jet fuel inventory, and 35% distillate inventory. Inventory levels for those products were all close to the 10-year maximum as of late January, however, continued supply from other regions will be required to offset lost production. In PADD 5, planned outages between February and June will be higher than the 10-year average in coking capacities, and generally near or below the 10-year average in crude distillation, fluidized catalytic cracking, reforming, and hydrocracking capacities. Because a large share of FCC capacity remains offline from February to June from a previous unplanned outage, the total estimated production loss is concentrated in gasoline. From February through June, average production loss of gasoline is 131,000 b/d, and the average losses in jet fuel and distillate fuel are 27,000 b/d and 20,000 b/d, respectively. Total estimated reduction of petroleum products induced by the outages accounts for 66% of the existing gasoline inventory, 47% jet fuel inventory, and 20% distillate fuel inventory. Therefore, continued imports of gasoline and jet fuel into the West Coast will be required to provide adequate supplies.


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Waterborne Commerce Statistics Center Monthly Tonnage – Internal U.S. Waters Under U.S. law, vessel operators must report domestic waterborne commercial movements to the U.S. Army Corps of Engineers. While total of all commodities carried are down comparing February 2016 to January 2016 and February 2015, petroleum cargoes (excluding chemicals) for the month recorded at least a six year high since petroleum & chemical indicators were separated. February 2016’s 42.8 million short tons of commodities carried on internal U.S. Waterways was down 11.39% from November’s 48.3 million tons and down 2.73% from 44.0 million tons carried in February 2015. In February, 13.7 million tons of petroleum were carried, 1.48% more than November’s 13.5 million tons. Chemicals moved in February were the same as in November at 4.0 million but up 5.26% from one year ago. Coal & coke were down from 11.2 to 10.5 million tons over November to February. February was the lowest month for coal & coke transportation since prior to 2010.

The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, rose 0.5% in January from December, rising for the second consecutive month, according to

the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The January 2016 index level (122.2) was 29.0% above the April 2009 low during the most recent recession. The level of freight shipments in January measured by the Freight TSI (122.2) was 1.3% below the all-time high level of 123.8 in November 2014. The December 2015 index was revised to 121.6 from 121.0 in last month’s release. The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight. The January Freight TSI increase of 0.5% from December was due to substantial growth in rail intermodal and pipeline and a smaller increase in the largest mode, trucking. Air freight, water, and rail carloads all decreased. The TSI increase paralleled growth in the Federal Reserve Board Industrial Production index which rose 0.9% in December (reversing two months of declines), in personal income, up 0.5%, and in employment, which continued steady growth. The ISM Manufacturing Index was again below 50, indicating declining manufacturing activity and a continuing decrease in high inventories. The TSI growth took place despite severe winter weather. The January Freight TSI increase was the second consecutive monthly increase, the first time the index increased for two months in a row since November 2014. The two increases still left the index 0.7% below its October 2015 level and below the level of all months from July 2015 to October 2015. The index remains high compared to earlier years with an increase of 29.0% since the low of 94.7 in April 2009. Freight shipments measured by the index were up 0.5 percent in January compared to the end of 2015.

St. Lawrence Seaway’s 2015 cargo for Montreal / Lake Ontario and the Welland Canal was 36,250 thousand tons, down 9.12% from 2014, which saw 39,887 thousand tons carried. Almost all cargoes were down with coal showing the

greatest decline of 40.61%, followed by general cargo at -15.34%, liquid bulk

dropped 10.46%, all grain fell 10.27% and dry bulk was down slightly by 1.87%. The one cargo that saw minor growth during the year was iron ore, which was up 4.70% to 7,181 from 6,858 thousand tons in 2014. Total transits were down 3.96% or 156 trips from 3,937 to 3,781 for all of 2015.


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According to the Association of American Railroads (AAR)’s Weekly Rail Traffic report issued on 5

th March, for this week, total U.S. weekly rail traffic was 512,202 carloads and

intermodal units, down 1.9% compared with the same week last year. Total carloads for the week ending Mar. 5 were 247,016 carloads, down 8% compared with the same week in 2015, while U.S. weekly intermodal volume was 265,186 containers and trailers, up 4.5% compared to 2015. Six of the 10 carload commodity groups posted an increase compared with the same week in 2015. They included miscellaneous carloads, up 38.8% to 9,917 carloads; nonmetallic minerals, up 12.3% to 33,197 carloads; and motor vehicles and parts, up 11.9% to 18,892 carloads. Commodity groups that posted decreases compared with the same week in 2015 included coal, down 29.6% to 71,669 carloads; petroleum and petroleum products, down 24.1% to 10,769 carloads; and farm products excluding grain, and food, down 4% to 16,799 carloads. For the first 9 weeks of 2016, U.S. railroads reported cumulative volume of 2,194,100 carloads, down 12.9% from the same point last year; and 2,353,933 intermodal units, up 7.6% from last year. Total combined U.S. traffic for the first 9 weeks of 2016 was 4,548,033 carloads and intermodal units, a decrease of 3.4% compared to last year. North American rail volume for the week ending Mar. 5, 2016, on 13 reporting U.S., Canadian and Mexican railroads totaled 334,415 carloads, down 7.3% compared with the same week last year, and 334,008 intermodal units, up 3.3% compared with last year. Total combined weekly rail traffic in North America was 668,423 carloads and intermodal units, down 2.3%. North American rail volume for the first 9 weeks of 2016 was 5,957,566 carloads and intermodal units, down 3.2%

compared with 2015. Canadian railroads reported 71,273 carloads for the week, down 6.6%, and 58,074 intermodal units, down 0.7% compared with the same week in 2015. For the first 9 weeks of 2016, Canadian railroads reported cumulative rail traffic volume of 1,164,674 carloads, containers and trailers, down 3.5%. Mexican railroads reported 16,126 carloads for the week, up 1% compared with the same week last year, and 10,748 intermodal units, down 2.6%. Cumulative volume on Mexican railroads for the first 9 weeks of 2016 was 244,859 carloads and intermodal containers and trailers, up 1.9% from the same point last year.

Highlighted Tank Barges & Tankers Direct From Owners 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/NRT: 7,912. Class: ABS +A1 Ocean Exp Feb 2017.

USCG COI exp. Dec 216. 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. Call Marcon for more details. U.S. Northeast.


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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. Working. U.S. Northeast..

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: TB85379 Double Hull Tank Barge - Ocean - 379.8' loa x 63.3' beam x 40.2' depth x 30.11' loaded draft. Built in 1969 by Boelwerft, Belgium. Panama flag. GRT: 6,554. NRT: 5,556. Class: IBS Class (newly issued Aug. 2015), IMO/MARPOL, OPA

'90. Dwt: 13,920mt. Lt Displ: 3,000mt. Capacity: 88,685BBL. Tanks: 8. FO: 50MT. FW: 7m3. Pumps: Ballast: 2 - 500m3/hr; Cargo: 6 - 310m3/hr; Wash: 1 - 70m3/hr. Anchor(s). Windlass: Hatlapa. Crane: 2 - 2.5MT. Winch: 4 - 10MT mooring 360' x 1" wire each. Genset(s): 1 - 40kW. 14,842m3 @ 100% MCR. Ballast - 7,073m3.

Converted to double-hull/OPA '90 ocean tank barge in 2002 with Bludworth ATB system. SBT. Vapor recovery, etc. Formerly used in JP-4 service. Portable

Butterworth tank washing system. 2 systems. Segregated ballast tanks. 12" cargo lines. 625HP bowthruster. Formerly LR + 100A1, which can be regained if desired. New heating system for barge - but not yet installed. Recently dry-docked with fresh IBS class renewal and certificates issued. Barge is in very good condition overall. Available for

immediate sale. South America West Coast.

File: TB52392 Double Hull LPG Barge - Ocean - 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. (Exp. 2nd March 2016). 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. 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. Open for time charter employment, but will consider a sale.

Available with TG48097. Both units reportedly in very good condition. U.S. Gulf Coast.


www.marcon.com


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File: TB38027 Tank Barge - Ocean - 270.0' loa x 60.0' beam x 20.0' depth. Built in 1982 by McKenzie Barge & Marine; BC, Canada. Canada flag. GRT: 2,580. NRT: 2,578. Class: Transport Canada Class A Oil Barge (Cargo

Below 60C)-all certs expired / laid-up. Dwt: 2,578T. Rake(s): Double.

Watertight Compartments: 16. Capacity: 38,000BBL. Pumps: 16 - Framo Deepwell @ 950bph ea. Anchor(s). Windlass: Vertical axis, 3 capstans. Crane: 2 - hyd Arctic. Winch: Gearmatic bridle hoist. Modern steel

construction tank barge with deep pushing notch system. 16 cargo tanks

each with one pump, into four separate discharge systems. Capable of closed loading and a vapor recovery. Bow

thruster. Overfill tanks separate from the main cargo tanks. Overfill alarms and protection system on each cargo tank.

Quality control lab. Rising stick fill indicators. Reportedly in very good condition. Keen Seller. Canada West Coast.

File: TB35026 Tank Barge - Ocean - 260.0' loa x 57.0' beam x 17.5' depth. Built in 1968 by US Industries Inc. U.S. flag. GRT: 2,070. NRT: 2,070. Class: ABS +A1, Oil Tank Barge, CRC, Unrestricted Service. Special Survey due

Sept. 30, 2016. Capacity: 35,000BBL. Tanks: 10. Single-

hull tank barge. Currently in spill response service. Clean tanks. May be conversion candidate for deck barge. May be developed for sale “as is, where is”, out of competition with owners. Try all offers. Further details including drawings,

last gaugings, last ABS drydock report and some photos on request. U.S. Southeast.

File: TB30072 Double Hull Tank Barge - Inland - 297.5' loa x 54.0' beam x 12.0'

depth. Built 1992 by Nabrico; Nashville, TN. U.S. flag. GRT/NRT: 1,619. 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. Total of

four 1,800 - 3,620HP inland river pushboats and eight 30,000BBL double hull, single rake tank barges available.

All working or ready-to-work. 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. Four inland river pushboats

also available. U.S. Gulf Coast.

File: TB30071 Double Hull Tank Barge - Inland - 297.5' loa x 54.0' beam x 12.0' depth.

Built in 1999 by Trinity Industries; Ashland City, TN. U.S. flag. GRT/NRT: 1,619. U.S. Coast Guard COI Grade "A" & Lower, Lakes, Bays & Sounds exp. 09 Dec 2019. Rake(s): Single.

Capacity: 32,846BBL. Tanks: 6. Coiled. Pumps: 1 - 4,500bph, 12" Byron Jackson 12LS centrifugal / Cummins 6CTA. Winch: 2 - bow & 2 - stern 40T Nabrico. 54" raised trunk with internal 24" framing. Single product. Stripping system. Bergan high level & overfill alarms. Last drydocking and internal structure hull exams 09 Dec 2014 and due 09 Dec 2024 and 09 Dec 2019 respectively. Last cargo tank internal exams 09 Dec 2014 and due 09 Dec 2024. Max cargo weight 4,520 / 4,430 short tons on 11.5; / 9.5' draft basis Hull Type III / II. 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. 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/NRT: 1,619. U.S. Coast Guard COI Grade "A" & Lower, Lakes, Bays & Sounds. Drydocking due 11 Apr 2017. 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”. Prefer sale to non-competing, non-certificated or foreign trade. U.S. Gulf Coast.


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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. U.S. Coast Guard COI Grade "A" & Lower - Lakes, Bays & Sounds.

Drydocking due 15 Apr 2021. 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. See also TB30068 for sister-barge. 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. Four

inland pushboats also available. 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. U.S. Coast Guard 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. Total of four 1,800 - 3,620HP inland river

pushboats and eight 30,000BBL double hull, single rake tank barges available. See also TB30069 for sister-barge. All working or ready-to-work. 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. U.S. Gulf Coast.

File: TB30067 Double Hull Tank Barge - Inland - 297.0' loa x 54.0' beam x 12.0' depth. Built in 1995 by Trinity Industries; Madisonville, LA. U.S. flag. GRT/NRT: 1,619. U.S. Coast Guard COI Grade "A" & Lower - Lakes, Bays & Sounds exp. 15 Jul 2019. Rake(s): Single.

Capacity: 31,928BBL. Tanks: 8. FO: 500g. Pumps: 1 - 2,500bph Byron Jackson 11LS centrifugal / 6CTA-8.3DM. Winch: 1 - bow & 2 - stern 40T Nabrico. 48" raised trunk. 24" internal deck framing. Single cargo. 2" flanged stripping system. High level & overfill alarms.

Certified for coastwise trade not more than 12 miles from shore, in fair weather only, between St. Marks & Carrabelle, Florida. Last Drydock & Internal Structure Exams 15 July 2014 & due 15 July 2024 and 15 July 2019 respectively. Capacity 3,735 / 4,442 short tons on 9.7' / 11.0' draft Lakes,

Bays & Sounds basis Hull Type II / III. Vapor recovery. See also TB30065 for

sister-barge. All working or ready-to-work. 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. U.S. Gulf Coast.

File: TB30066 Double Hull Tank Barge - Inland - 297.0' loa x 54.0'

beam x 12.0' depth. Built 1992 by Nabrico; Nashville, TN. U.S. flag. GRT/NRT: 1,619. US Coast Guard 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. Winches: 2 - bow & 2 - stern 40T Nabrico. 36" raised trunk. Internal 24" deck framing. Single product. High level & overfill alarms. All working or ready-to-work. 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. U.S. Gulf Coast.


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depth. Built 1995 by Trinity Industries; Madisonville, LA. U.S. flag. GRT/NRT: 1,619. U.S. Coast Guard 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. High level & overfill alarms. Certified for coastwise trade

not more than 12 miles from shore, in fair weather, between St. Marks &

Carrabelle, Florida. See also TB30067 for sister-barge. All working or ready-to-work. Copies of strapping tables, vapor tightness certificate, gaugings and COI on request.

Prefer sale to non-competing trade. U.S. Gulf Coast.

File: TB30062 Tank Barge - Inland - 272.3' loa x 54.1' beam x 10.8' depth. Built in 1992. Foreign flag. GRT: 2,294. Class:

RRRS, M-SP (River). Dwt: 2,000mt. Rake(s): Double. Liquid

Cargo barge designed to carry cargo oil of different types. Two tanks on deck are divided into three segregations each.

Charter Only. Caspian Sea. Dec. 2016.

File: TB24459 Double Hull Tank Barge - Inland - 290.0' loa x 52.5' beam x 12.0' depth x 10.40' loaded draft. Built in 1982 by Nashville Bridge; TN. U.S. flag. GRT/NRT: 1,748. Class: USCG COI Grade "D" and lower (exp. Aug. 17,

2016) - allowed to lapse. Rake(s): Single. Capacity: 24,459BBL. Tanks: 8. FO: 300g. Pumps: 1 - Deepwell / GM8V71 diesel powered cargo pump. Crane: Nabrico cargo hose boom. Double hull tank barge. 22,013 BBL @

90% MCR. Raised trunk. Reportedly in very good condition overall. Last

dry-docked August 2011. Laid up in fresh water. U.S. Southeast.


depth x 12.10' loaded draft. Built in 2006. Foreign flag. Class: Panama Loadline /

Certification. Dwt: 3,350st. Lt Displ: 650st. Rake(s): Single. Bulkheads: 1 long'l / 5

transv. Capacity: 21,440BBL. Tanks: 12. BW: None. Pumps: 10" LS-16GM-3 deep well / GM12V71 @ 200Tph. Fully IMO II / MARPOL / OPA-90 compliant. Barge

originally heavily built to ABS Loadline as hopper barge and converted to current configuration by Owner's shipyard. Coated void spaces. Very good for bunkering service in coastal and protected waters. Single cargo. Small scale drawing and recent photos of tanks, deck layout and piping / pumping arrangements on

request. Currently working inland waters hauling diesel. Caribbean.

File: TB17020 Tank Barge - Ocean - 192.9' loa x 50.0' beam x 15.0' depth.

Built 1988 by Versatile Pacific, Victoria, BC. Canada flag. GRT/NRT: 1,168.

Canadian Loadline / CSI - expired. Dwt: 2,560mt. Lt Displ: 481mt. Coiled. FO: 13.315m3. Pumps: 2 - Blackmer HXL-6C (300 mt/hr), 1 - Blackmer HXL-4C 100mt/hr. Hyd. hose crane. Genset(s): 1 - 60kW. Single skin. Laid up. Inviting

offers “as is, where is”. Total cubic 2,770m3 in 10 cargo tanks (abt. 17,422BBL). Cargo Heater - Geka Thermalk Fluid Heater 465kW. Laid up empty 2015. Cargo

tanks stripped, not cleaned. Last cargoes fuel oil & gas oil. Canada West Coast.

File: TB14200 Tank Barge - Inland - 200.0' loa x 42.0' beam x 12.6' depth x 3.30' light draft x 11.40' loaded draft. Built in 1948 by Moore Drydock; Oakland, CA. U.S. flag. GRT: 901. NRT: 881. Formerly ABS classed inland tank barge. USCG COI exp Feb. 2015.

Rake(s): Double w/skegs aft. Capacity: 14,000BBL. Tanks: 8. Uncoiled. Pumps: 2-917gpm 8"- 1-471gpm 6"- 2-280gpm 4". Genset(s): 2-15kW / Allis Chalmers. Inland

deck/tank barge last used for spill response. Currently laid-up with clean tanks. Pump and generator house aft. May be developed for sale alone or en-bloc with several other

inland barges and inland push boats. Owners will not sell into competition. U.S. Northwest.


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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.

File: TA01502 Tanker - 213.3' loa x 49.2' beam x 17.1' depth x 12.4' draft. Built 1998 by Jiangsu Traffic Shipyard; China. Indonesia flag. GRT: 1,499. Class: BKI + A100 (I) P - Oil Tanker ESP, + SM. Originally built to dual ABS class. FO: 211m3. FW: 89m3. Crane: 2T. Main Engines: 2 x Yanmar 6N165-EN total 1,600BHP. 2 - FP prop(s). Speed about 10kn on 10.41MT/day. Pump(s): Cargo: 2 - 150m3/h & 1 - 50m3/h. Genset(s): 3 - 240kW /

Yanmar 6 HAL 2-HTN 440vAC 50Hz. Quarters: 16 crew. AirCon. Galley. Double bottom

oil tanker with bulbous bow. 10 cargo tanks, five each port & starboard. 2,008m3 cargo

capacity. COW, IGS, SBT. Closed loading. Southeast Asia. Prompt.

File: TB05660 Deck/Tank - Ocean - 134.3' loa x 40.0' beam x 8.0' depth. Built in 1998.

Indonesia flag. GRT: 359. NRT: 211. Class: BKI. Quarters: 4 persons. 900m3 capacity

Oil Barge. Southeast Asia.

File: TA00239 Tanker - 96.8' loa x 21.3' beam x 9.0' depth x 6.84'

draft. Built in 2016 by Chinese shipyard. Foreign flag. GRT: 148. Class: BV +Hull, +Mach, FP >60, Coastal Area. SOLAS. MARPOL

1973 / 1978 Annex I & IV. Dwt: 239T. FO: 13m3. FW: 10m3. Crane: 1 - 0.99T SWL Hydraulic Hose. Winch: Tow bitt & Panama chock aft. Main Engines: 2 x Weichai WD618C total 700BHP. 2 - FP 4-blade prop(s). M/E 24vDC electric start. Speed about 10kn light. Pump(s): Cargo Oil: 2 - 50m3/hr horizontal gear & 1 - 300L/min rotary vane. Genset(s): 2 - 50kW 415vAC 50Hz 3Ph & 24vDC. Firefighting:

SOLAS requirements. Manual CO2 flooding in engine room. Quarters: 6 berths (3-2). AirCon. Galley. Newbuilding,

twin screw, bunker tanker 50% completed. Capacity 290m3 cargo oil in 6 tanks with high level alarms. 2 - 1,000kW search lights. One 8 person inflatable life raft. Steel half pipe & tire fendering. All lifesaving equipment is SOLAS

compliant. Further technical details, drawings & photographs on request. Far East. Further technical information and price guidance for these and other vessels and barges is available on request. Above tankers and tank barges have all been updated within the last 90 days and are direct from Owners. Marcon currently has 125 tankers and tank barges for sale worldwide of which 73 are double hull. In addition, 95 are non-U.S. and 30 U.S. flag. Numerous vessels and barges not officially on the market may be able to be developed on a private & confidential basis. Please contact us if you do not find what you are looking for on our website. We are also 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. So far in 2016, Marcon International has closed four sales, including one 23,000BBL ocean tank barge and two tugs. Several additional sales are pending. In 2015, we sold or chartered 30 vessels and barges, including seven ocean deck barges, two inland deck barges, an ocean tank barge, eight tugs and a pushboat. Since we opened 35 years ago, Marcon has brokered the sale or charter of 1,395 vessels and barges including 88 ocean tank barges, 63 inland tank barges, 16 ocean hopper barges, 111 inland hopper barges, 144 ocean deck barges, 78 inland deck barges, 35 push boats, and 315 tugs in addition to other types. Marcon’s sales and charter histories are available on the Sales Report page of our website.

Documents

Marcon International, Inc. P.O. Box 1170, 9 NW Front ...marcon.com/library/market_reports/2016/tb02-16.pdf · P.O. Box 1170, 9 NW Front Street, Suite 201 Coupeville, WA 98239 U.S.A