Tank Barge Market Report - May 2015

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

May 2015

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

May 2014 16 16 18 1 2 1 54

Aug 2014 9 9 11 2 1 0 32

Nov 2014 10 11 11 2 1 0 35

Feb 2015 9 11 10 1 1 0 32

May 2015 – Worldwide 7 6 9 1 1 0 24

May 2015 – U.S. 4 3 1 0 0 0 8

May 2015 - Foreign 3 3 8 1 1 0 16

Avg. Age - Worldwide 1975 1992 1992 2013 0 0

Avg. Age – U.S. 1961 2000 1982 0 0 0

Avg. Age - Foreign 1994 1983 1994 2013 0 0

Charter - Worldwide 1 1 0 1 0 0 3

Charter – U.S. 0 1 0 0 0 0 1

Charter - Foreign 1 0 0 1 0 0 2

Up Since Last Report Down Since Last Report

* Before June 2004 40,000BBL plus barges were grouped together

Of the 3,944 barges and 13,054 vessels we currently track, 705 are tank barges with 24 inland and 32 ocean or coastal barges officially on the market for sale. Eight of the 24 inland barges are 10 years of age or less. 11 or 45.8% of the inland barges are 25 years of age or over. The oldest inland tank barge listed is a sixty-five year old, 1,190BBL steel hull self-propelled tank barge used for transporting lube oil located on the US East Coast. This old lady is counterbalanced by four foreign-flagged 2013-built tank barges ranging in capacity from 1,600 to 32,000BBL.

Marcon International, Inc. Tank Barge Market Report – May 2015

www.marcon.com


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 May 2014 5 10 9 11 2 1 0 1 1 1 0 41 Aug 2014 1 6 8 12 3 1 0 1 2 1 0 35 Nov 2014 4 6 8 12 3 1 0 1 2 1 0 38 Feb 2015 4 7 6 12 3 1 0 0 2 1 0 36 May 2015 – Worldwide 3 6 4 12 3 1 0 0 2 1 0 32 May 2015 – U.S. 0 2 1 2 2 0 0 0 1 0 0 8 May 2015- Foreign 3 4 3 10 1 1 0 0 1 1 0 24 Avg. Age - Worldwide 1993 1990 1991 1999 1984 1965 0 0 1973 1972 0 Avg. Age - U.S. 0 1973 1980 1967 1973 0 0 0 1976 0 0 Avg. Age - Foreign 1993 1999 1994 2009 2007 1965 0 0 1969 1972 0 Charter - Worldwide 1 0 1 3 0 2 0 0 0 0 0 7 Charter - U.S. 0 0 0 3 0 1 0 0 0 0 0 4 Charter - Foreign 1 0 1 0 0 1 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 32 ocean/coastal barges, nine are 10 years of age or less. 15 or 46.9% 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. An “oldie, but goodie” is a double hull, heated & coiled 45,000bbl, asphalt capable barge built in 1969 which owner estimates has another 6 plus years of useful life located on the U.S. Gulf Coast – but various parties are swirling around her and she is not expected to remain long on the market.. They are countered by a 23,250BBL double hull bunker barge and a 280’, 39,000BBL double hull oil barge, both built in 2014 and located in Southeast Asia. Nine of the inland tank barges which Marcon has listed for sale are located in Europe, followed by eight in the U.S., two in the Far East and one each with undisclosed location, in the Caribbean, the Mediterranean, the Mid-East and Southeast Asia. Thirteen ocean / coastwise barges listed for sale are in

Southeast Asia, followed by eight in the U.S., four in Canada and the Far East and one each in Africa, Europe, Latin America, the Mediterranean and the Mid-East. Twenty-one of the 56 tank barges Marcon has listed for sale worldwide are double hull. Eight of these are U.S. flag, only two inland are modern units built within the last six years. The remaining six barges range from thirty-three to forty-six years of age. The foreign double-hull barges range from 50 years of age in West Africa up to two newbuilding resales in Southeast Asia. Since 1981, Marcon International closely follows the tug, barge and offshore petroleum markets with over 1,375 vessels and barges sold or chartered worldwide. Sales include 149 inland & ocean tank barges totaling in excess of 7.6 million barrels and 1 million deadweight ton capacity.


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3

World markets continue to be awash in crude oil production and everyone appears to be pumping flat out, regardless of the effect on oil prices. In April, US Crude settled around US $58/BBL and by the end of May OPEC members were producing over 30 million BBL/day and the price of crude was over US $65/BBL. Saudi Arabia produced upwards of 10.3 million BBL/day itself, which is reportedly the highest output by the Kingdom since 1981. Overall levels of output from OPEC were reportedly the highest since 2012. Some predicted at that time that we may be nearing the end of the latest market drop and prices would stabilize around US $60-70/BBL for the rest of 2015. This is likely a short-lived thought, as one never knows from day-to-day what geopolitical impacts there will be on the price of crude. It regularly rises and falls in momentary “knee-jerk” reactions. Iran reportedly holds the largest super tanker fleet in the world and is the 4

th largest producer of crude. There could be some seismic shifts if it is able to strike an agreement with the

Western World on its nuclear programs and is allowed to export crude into the open market, without restrictions, for the first time since 2012 – but this would not happen overnight. Iran would first have to demonstrate compliance with the terms of the nuclear accord plus make substantial repairs and upgrades to their aging facilities. With continued world-wide oil production running so high at this time, it’s hard to imagine that higher oil prices are going to return anytime soon. Some of the recent rise in May’s prices was due to the drop in rig activity within the US shale market and this led some to believe that the shale producers would slow even further as most producers reduced capital expenditures an average of 20%-25% the first half of 2015. These reductions in expenditures come after a long period of boom times in the oil markets from 2010-2014, so there’s a period of industry adjustment that is needed to come to a new normal level. This is not the first time we have all gone through a similar situation. The oil and gas industry is built on a long term scenario, however there are always cyclical downturns. Companies are forced to adapt to each scenario in order to emerge from each downturn in a stronger position, if possible and take advantage of the next upturn. Basically Mideast producers are competing to hold market share. OPEC supplies some 32% of the world’s oil. While shale producers can handle oil prices right around the US $60/BBL level, the low production costs for Middle East companies makes their ability to continue to compete at lower prices and still make them a difficult mark to beat. This is especially the case when existing output levels of shale producers in the USA is expected to flatten out after the predicted peak by 2020. Sustained lower oil prices will likely have a negative impact on higher investments required for development in deep water, oil sands, and the Arctic; and will make some of those plays difficult to justify. However, continued lower oil prices will generally spur innovation, research and development which will make a difference in the overall costs of exploration, extraction and production. As brokers, we continue to see strong demand in the US market for coastal and inland tonnage and while production from the US continues to run at a record pace, this is likely to continue. A 2009 built 24,000BBL ABS Ocean D/H tank barge was sold on the US West Coast (price was expected to be region of current newbuilding costs), even older units are staying employed and some sales occurred. One 1982 built D/H, 70,000BBL tank barge in the US Great Lakes changed hands this quarter (region of US $75/BBL) when it was sold to the leasor to continue in its current operations. Another 45,000 BBL1969 built US Flag Ocean D/H tank barge, which had been offered for sale for a few years, also sold foreign to Caribbean Buyers this first quarter (region of US $12/BBL). US operators like Kirby, Moran and Harley Marine continue to take delivery of newbuilding ATBs in the 85,000BBL to 185,000BBL range and as we can see in the latest Kirby and Seacor Holdings quarterly reports (see details later in this market report), that while revenues and utilization remain relatively strong in the US, they have dropped off their 2014 highs as the lower oil prices continue to take a bite out of the overall transportation demand. This is especially the case in the inland transportation segment of the market, which remained relatively flat with respect to earning and utilization.

Marcon’s Recent Sales

Ecuanave SA of Guayaquil, Ecuador sold their bunker tanker “Salango” (ex-Stepafell) to private interests. The 1979, J.G Hitzler Schiffswerft & Masch. GmbH & Co KG of Lauenburg built, double hull tanker was working in MDO bunkering up to the time of her sale. Vessel was originally built to Germanischer Lloyd and then classed under Lloyd’s Register until 2014 when changed to with IRS – International Register of Shipping. Capable of carrying two separate products, the 247’ x 44.5’ x 16.4’ depth tank vessel carries about 2,627m3 capacity in ten epoxy coated cargo, two 77.2m3 slop tanks, two segregated cargo systems and fitted with segregated ballast tanks. She is also heated with stainless steel coils for max of 130 deg. C. temperatures. Pumps consist of two 300m3/h cargo and one 125kW

stripping. Main propulsion consists of a single Deutz SBV6M540 diesel developing 3,100HP at 600RPM with a single CP wheel giving her a speed of abt. 13.5kn. Fitted with a bow thruster, the vessel is well suited to shallow water ports and also fitted with Yokohama fenders for lying alongside during bunkering operations. Vessel will continue similar employment for new Owners.


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Over the past 34 years, Marcon has sold 86 ocean tank barges totaling 6.638 million bbl capacity (abt. 901,902dwt), 63 inland tank barge total 1.031 million bbl capacity (abt. 139,304dwt), 306 tugs (957,839BHP), 216 ocean & inland ocean deck barges (1,005,496dwt), 127 hopper barges, three tankers (3,997dwt) and one 2,995 dwt LNG/LPG carrier. Several additional sales are pending.

Recent News in the Market Genesis Energy, L.P. (NYSE: GEL) announced on April 29, 2015 its first quarter results for the quarter ended March 31, 2015. The company generated total Available Cash before Reserves of $64.0 million in the first quarter of 2015, an increase of $10.6 million, or 20%, from the first quarter of 2014. Adjusted EBITDA increased $15.8 million, or 24% over the prior year quarter, to $82.4 million. The company reported net income of $20.2 million for the first quarter of 2015 compared to $29.8 million for the same period in 2014. On May 15, 2015, Genesis paid a total quarterly distribution of $60.8 million based on its quarterly declared distribution of $0.61 per unit attributable to its financial and operational results for the first quarter of 2015. Available Cash before Reserves provided 1.05 times coverage for this quarterly distribution. Excluding the effects from new common units issued in April 2015, Available Cash before Reserves would have provided 1.1 times coverage for Genesis Energy’s quarterly distribution. The company also increased its distribution to all unitholders for the thirty-ninth consecutive quarter, thirty-four of which have been 10% or greater over the prior year’s quarter and none less than 8.7%. Grant Sims, CEO of Genesis Energy, said, "We delivered another solid quarter, including generating a record amount of Available Cash before Reserves of $64.0 million in the first quarter of 2015. Our first quarter results reflected the continuing contributions from our newest assets, the SEKCO pipeline and the ‘M/T American Phoenix’. Volume flow in the SEKCO pipeline continues to increase, though this throughput will only have a direct financial benefit to Poseidon until minimum volumes on SEKCO are achieved and exceeded. The ‘M/T American Phoenix’, which we acquired in November 2014, is now fully integrated into our offshore marine fleet and we are pleased with the results achieved from the first full quarter of operations of this vessel. Our first quarter results were achieved in spite of the challenges we previously discussed in our fourth quarter conference call. These challenges, including mandatory drydockings on two of our ocean going barges, fewer days relative to the prior quarter and the effects of the increase in our unit price on compensation expense under our equity-based compensation plan, all impacted the first quarter of 2015. However, our strategy of focusing on customers further downstream in the energy value chain (such as refiners as opposed to producers) and on our crude oil pipelines in the Gulf of Mexico continues to allow us to achieve our business objectives. On April 10, 2015 we issued 4,600,000 units that resulted in net proceeds of $198 million. We intend to use these proceeds for general partnership purposes, including funding organic growth projects, or repaying a portion of the borrowings outstanding under our revolving credit facility. Pro forma for the equity offerings, our adjusted leverage ratio would have been 4.09 times at the end of the quarter.” “On April 10, 2015 we issued 4,600,000 units that resulted in net proceeds of $198 million. We intend to use these proceeds for general partnership purposes, including funding organic growth projects, or repaying a portion of the borrowings outstanding under our revolving credit facility. Pro forma for the equity offerings, our adjusted leverage ratio would have been 4.09 times at the end of the quarter.” “We continue to progress on our projects in Louisiana, stretching from Port Hudson, through Baton Rouge and south to Raceland, all designed to provide services for multiple refining complexes in Louisiana. Although a small portion of that infrastructure is in operation, we would not expect to see meaningful volumes until those facilities are completed in the second half of 2015. In spite of the continued uncertainty surrounding the lower commodity price environment, our businesses are performing well and we expect them to continue to do so. We continue to be well-served by our business strategies, including being primarily refinery-centric and supporting world-class oil developments of integrated and large independent energy companies operating in the deepwaters of the Gulf of Mexico. Our business strategies, coupled with our complementary acquisitions and growth projects that will be ramping up throughout 2015, should position us well to continue to achieve our goals of delivering low double-digit growth in distributions, an increasing coverage ratio and an investment grade leverage ratio, all without ever losing our cultural focus on providing safe, responsible and reliable services."


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Seacor Holdings Inc. (NYSE: CKH) recently announced its results for its first quarter ended March 31, 2015. For the quarter ended March 31, 2015, net loss attributable to Seacor Holdings Inc. was $19.6 million. For the preceding quarter ended December

31, 2014, net income attributable to Seacor Holdings Inc. was $40.1 million. For the quarter ended March 31, 2014, net income attributable to Seacor Holdings Inc. was $11.5 million.

Inland River Services - Operating income was $6.1 million on operating revenues of $56.6 million in the first quarter compared with operating income of $23.7 million on operating revenues of $79.3 million the preceding quarter. Operating income was $17.5 million lower first quarter 2015 primarily due to an $18.2 million reduction in results of dry-cargo barge pools as a consequence of lower rates, reduced activity following the seasonal harvest and poor operating conditions due to harsh weather in the Midwest during the quarter. During first quarter 2015, Seacor sold one 10,000 barrel liquid tank barge, twelve deck barges and other equipment for net proceeds of $7.0 million and gains of $0.8 million, all of which were recognized currently. In addition, Seacor recognized previously deferred gains of $1.0 million. During the first quarter 2014, gains on asset dispositions of $0.9 million primarily reflected the amortization of previously deferred gains. Foreign currency losses, net of $1.1 million in the first quarter were primarily due to the strengthening of the U.S. dollar versus the Colombian peso. Equity in earnings of 50% or less owned companies of $10.5 million during the preceding quarter was primarily due to the receipt of a termination payment following a customer's cancellation of four long-term time charter contracts in the Company's joint venture operating on the Parana-Paraguay River Waterway.

Shipping Services - Operating income was $1.3 million on operating revenues of $51.4 million in the first quarter compared with operating income of $14.1 million on operating revenues of $56.7 million in the preceding quarter. Operating income was $12.8 million lower in the first quarter primarily due to drydocking two of Seacor’s U.S.-flag product tankers. The drydockings reduced operating revenues by $4.3 million as a consequence of 71 days of out-of-service time and increased operating expenses by $8.1 million. One of the product tankers returned to service during the first quarter and the other is scheduled to return to service in late April 2015.

Capital Commitments - As of March 31, 2015, Seacor’s unfunded capital commitments were $459.4 million and included: $153.7 million for 16 offshore support vessels; $1.7 million for two 30,000 barrel inland river liquid tank barges; $11.0 million for eight 10,000 barrel inland river liquid tank barges; $2.7 million for three inland river towboats; $216.9 million for three U.S.-flag product tankers; $56.2 million for one U.S.-flag articulated tug-barge; and $17.2 million for other equipment and improvements. These commitments are payable as follows: $199.1 million is payable during the remainder of 2015; $217.3 million is payable during 2016; $37.6 million is payable during 2017; and $5.4 million is payable during 2018.

Conrad Industries, Inc. Morgan City, Louisiana recently announced its first quarter 2015 results. For the quarter ended March 31, 2015, Conrad achieved net income of $4.0 million compared to net income of $6.4 million during first quarter 2014. First quarter 2015 results were favorably impacted by an $831,000 research and development

tax credit. Vessel construction gross profit for the first quarter of 2015 was $6.4 million, compared to $9.6 million for the first quarter of 2014. Repair and conversion gross profit for the first quarter of 2015 was $0.7 million compared to $1.8 million for the first quarter of 2014. Conrad’s backlog was $171.9 million at March 31, 2015 compared to $180.2 million at December 31, 2014 and $155.8 million at March 31, 2014. Johnny Conrad, President and CEO, said, “We are encouraged by the new construction projects in our pipeline. The repair market continues to be soft, which we believe is due primarily to the decline in crude oil prices. We have a strong balance sheet with no debt and our management team and employees are working hard to compete successfully in this challenging environment.”


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Kirby Corporation Houston, Texas announced net earnings attributable to Kirby for the first quarter ended March 31, 2015 of $61.1 million, compared with $62.2 million for the 2014 first quarter. Consolidated revenues for the 2015 first quarter were $587.7 million compared with $589.2 million reported for the 2014 first quarter. David Grzebinski, Kirby’s President and CEO, commented, “Our results for the first quarter were near the middle of our guidance range as demand across the majority of the products we carry in the inland market remained at healthy levels. The decline in crude oil prices and anticipated decline in

production has put some pressure on industry-wide utilization and pricing. Inland term contracts renewed essentially flat during the quarter, but we are experiencing slight negative rate pressure in the second quarter and expect this to continue while the market absorbs any excess equipment. In the coastal marine transportation business, market fundamentals remained consistent with the fourth quarter, with pricing for term contract renewals in the mid-to-high single digits. In our land-based diesel engine services business, we continue to work through a very challenging environment due to the decline in the price of crude oil. Consequently, to properly size our organization for the expected production schedule, we took aggressive cost cutting actions during the quarter, reducing our manufacturing head count by approximately 40%. In our marine diesel engine services and power generation markets, results reflected some softer activity in the Gulf of Mexico supply vessel market.”

Marine Transportation - Marine transportation revenues for the 2015 first quarter were $419.9 million compared with $435.8 million for the 2014 first quarter. Operating income for the 2015 first quarter was $96.3 million compared with $97.6 million for the 2014 first quarter. Kirby’s inland marine transportation business maintained tank barge utilization in

the 90% to 95% range. Customers did return some barges moving crude oil and condensate during the quarter; however, most of the returned barges were put to work elsewhere in Kirby’s system. The industry did see some reduced utilization and some degree of negative pressure on both spot and contract rates. Inland marine operating conditions presented challenges during the quarter with heavy ice on the Illinois and Upper Ohio Rivers and heavy fog on the Gulf Coast. Also, the first quarter results did reflect the anticipated year over year negative impact of $0.04 per share for increased pension expense, reflecting actuarial changes to mortality tables

and a lower discount rate. The coastal marine transportation market benefitted from healthy demand for the transportation of refined petroleum products, black oil, including crude oil and petrochemicals, with utilization remaining in the 90% to 95% range supporting higher contract renewal pricing. Operating conditions in the coastal markets were seasonally normal during the first quarter. The marine transportation segment’s 2015 first quarter operating margin was 22.9% compared with 22.4% for the first quarter of 2014.

Trinity Industries, Inc. announced earnings results for the first quarter ended March 31, 2015 including net income attributable to Trinity stockholders of $180.2 million for the first quarter ended March 31, 2015. Net income for the same quarter of 2014 was $226.4 million. Revenues for the first quarter of 2015 increased 11% to $1.63 billion compared to revenues of $1.46 billion for the same quarter 2014. “I am pleased with the Company’s performance during the first quarter of 2015. Our businesses continue to create value by utilizing their combined expertise, competencies and manufacturing capacity to produce quality products for a broad range of industrial markets," said

Timothy R. Wallace, Trinity’s Chairman, CEO and President. The Inland Barge Group reported increased revenues of $153.1 million for first quarter 2015 compared to revenues of $136.9 million in first quarter 2014. Operating profit for this Group was $27.5 million first quarter 2015 compared to $26.7 million first quarter 2014. The increase in revenues compared to the same quarter last year was due to higher delivery volumes of hopper barges partially offset by lower delivery volumes of tank barges. The Inland Barge Group received orders of $280.6 million during the quarter and as of March 31, 2015 had a backlog of $565.4 million compared to a backlog of $437.9 million as of December 31, 2014.


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7

May 8th, 2015 General Dynamics NASSCO signaled the start of construction of a

fourth “ECO” tanker to be built for American Petroleum Tankers at a steel cutting ceremony at NASSCO’s San Diego shipyard. U.S. Rep. Susan Davis helped signal the beginning of construction by pressing a button to cut the first piece of steel (see

photo right). As part of a five-tanker contract, the new ECO tankers solidify a mutual commitment between General Dynamics NASSCO and American Petroleum Tankers to design, build and operate innovative and increased energy efficient and

fuel-saving products. Each of the five 50,000 deadweight ton product carriers to be constructed by NASSCO will be LNG-conversion ready and will carry 330,000 barrels of cargo. With a specialized ECO design, the tankers are more energy efficient and incorporate environmental protection features, including a Ballast Water Treatment System. “These Jones Act-qualified tankers are some of the most energy-efficient, fuel-saving and cost-effective tankers in the world. They are also instrumental in providing high-quality, good-paying jobs,” said Kevin Graney, VP and general manager of General Dynamics NASSCO. “NASSCO is leading the way in America for designing and building new and

innovative green ship technologies.” Kinder Morgan’s American Petroleum Tankers (APT) and State Class Tankers (SCT) are engaged in the marine transportation of crude oil, condensate and refined products in the United States domestic trade, commonly referred to as the Jones Act trade. APT’s current fleet consists of five medium range Jones Act-qualified product tankers, each with 330,000 barrels of cargo capacity, and is one of the youngest in the industry. Each of APT’s vessels is operating pursuant to long-term time charters with high quality counterparties,

including major integrated oil companies, major refiners and the Military Sealift Command. APT’s vessels are operated by Crowley Maritime Corporation, founded in 1892 and a leading operator and technical manager in the U.S. maritime industry. NASSCO began construction on the first tanker, the “Lone Star State” (photo left) under the current contract in September 2014. “We are very excited to be starting construction on our fourth tanker at General Dynamics NASSCO. We look forward to taking delivery of another highly fuel-efficient and environmentally-friendly vessel that will provide first class service to our customers,” said Rob Kurz, president of American Petroleum Tankers.

Earlier that week, General Dynamics NASSCO hosted a keel laying

ceremony for the first ECO tanker under construction for SEA-Vista LLC,

at their shipyard in San Diego. Eric Fabrikant, COO of Seacor Holdings

Inc., served as the ceremony’s honoree and authenticated the keel by welding his initials onto a steel plate during the ceremony. The steel plate with his initials will be permanently affixed to the ship’s keel and will remain with the vessel throughout its time in service. The ECO tanker is the first of a three-tanker contract between General Dynamics NASSCO and SEA-Vista, which calls for design and construction of three 50,000dwt LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity. The 610-foot-long tankers are a new “ECO” design, offering improved fuel efficiency and latest environmental protection features, including ballast water treatment. “We are proud to achieve another milestone for the first of three ships for Seacor. These Jones Act ECO-class tankers feature state-of-the-art design technologies and achieve world-leading fuel efficiencies,” said Parker

Larson, director of commercial programs for NASSCO. The tanker contracts, complimented with the current backlog of other commercial and government contracts, has allowed General Dynamics NASSCO to sustain and grow its local workforce. The ships were designed by DSEC, a

subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South Korea. Design incorporates improved fuel efficiency concepts through several features, including a G-series MAN ME slow-speed main engine and an optimized hull form. The tankers will also have dual-fuel-capable auxiliary engines and the ability to accommodate future installation of an LNG fuel-gas system. Construction and operation of the new vessels are aligned with the Jones Act, which requires that ships carrying cargo between U.S. ports be built in U.S. shipyards.


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Bouchard Transportation launched their tank barge “B. No. 270”, first of

two Articulated Tug Barge units constructed by VT Halter in Pascagoula, Mississippi, on Friday, May 1st, 2015. The 150’ x 58’ x 29.0’ depth tug, “Kim M. Bouchard” (Hull B131”), part of the AT/B unit, was launched at the VT Halter’s Moss Point Marine facility in Escatawpa, Mississippi, on February 26, 2015. When both are paired, the “Kim M. Bouchard” and the double hull “B. No. 270” will be delivered to Bouchard, as part of their ongoing fleet expansion program. “B. No. 270” measures 625’ by 91’ by 47’, has a 250,000BBL capacity and is ABS and USCG certified for Jones Act service. “Kim M. Bouchard” (photo below left) is a 10,000HP twin screw ATB tug fitted

with an Intercon Coupler System and powered by twin EMD 8-710G7C diesels and Lufkin gears, developing a bollard pull of about 129.46 long tons. The tug is classed ABS +A1 Towing Vessel, Dual Mode ATB, +AMS, +ACCU, UWILD, CPS and certified under USCG Subchapter M. “M/V Donna J. Bouchard” / “B. No. 272” is also under construction at VT Halter. “Launching the ‘B. No 270’ is another significant milestone for Bouchard,” said Morton S. Bouchard III, President and CEO of Bouchard Transportation. “Once married, the ‘Kim’ and ‘B. No. 270’ will be Bouchard’s eighteenth ATB unit and the safest and most technologically advanced unit of its kind. I’m looking forward to delivery and I am grateful to everyone involved in construction for another fine job.” “We are proud to have launched another quality and efficiently built barge for our long standing customer Bouchard Transportation Co., Inc.” said Bill Skinner, CEO, VT Halter Marine. “We are pleased to

have been chosen by The Bouchard Family to construct their modern, safe and efficient Jones Act ATB vessels.” Bouchard Transportation’s history dates back to its incorporation in 1918 by Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York. Bouchard is a family-owned business and the nation’s largest independently-owned ocean-going petroleum barge company. Bouchard’s areas of operation span all four coasts of the United States: East, Gulf, West and Great Lakes. Their fleet consists of 25 barges from 25,000BBL to 252,000BBL and 21 tugs ranging from 3,000HP to 10,000HP.

Aegean Marine Petroleum Network, through their company affiliate I.C.S. Petroleum

Ltd. of Vancouver, British Columbia, has taken delivery of the “ITB Provider”, 2,315MT IMO-compliant, double-hull tank barge built in 2001 by Jinling Shipyard in Nanjing, China. The 183.4’ x 53.8’ x 18.0’ depth barge, since renamed “PT 22”, was previously chartered to a Canadian-based subsidiary of Exxon Mobil. Barge has a capacity of abt. 15,578bbl of cargo in 10 tanks and fitted with two Blackmer cargo pumps, closed loading capability and on board blending. E Nikolas Tavlarios, Aegean’s President, said, “Management’s strategic acquisition of a double-hull barge further increases Aegean’s delivery capacity and expands the Company’s ability to drive future sales volumes in Vancouver, one of the largest ports in North America based on total cargo volume. The barge is fully

compliant with IMO regulations and complements our two barges that currently serve this important commercial hub.” Aegean is an international marine fuel logistics company that markets and supplies refined marine fuel and lubricants to ships in port and at sea. The company procures product from sources such as refineries, oil producers and traders and resells it across all major commercial shipping sectors and cruise lines. Currently, Aegean has a global presence in 14 markets, including Vancouver, Montreal, Mexico, Jamaica, West Africa, Gibraltar, United Kingdom, Northern Europe, Piraeus, Patras, the United Arab Emirates, Trinidad and Tobago, as well as Singapore and plans to commence operations in Tangiers, Morocco.


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Bay Shipbuilding Company (BSC), an operating division of Fincantieri Marine Group (FMG) located in Sturgeon Bay, Wisconsin, has been awarded a contract for the new construction of an Articulated Tug-Barge unit. The unit will consist of an 8,000HP tug and a 155,000BBL capacity barge. The award is for one AT/B unit, with one additional option and is scheduled for delivery in mid-2017. In announcing the contract award, FMG President and CEO, Francesco Valente, noted: "We are very pleased with this new contract. This award is a testament to the quality ships built by Fincantieri Bay Shipbuilding and FMG’s continued overall reputation and focus on delivering excellence and customer value to the U.S. market.” Bay Shipbuilding Company is one of three Great Lakes shipyards in the Fincantieri Marine Group. Bay specializes in the new construction of ATBs and OPA 90 compliant vessels, in sustainment of USCG Great Lakes icebreakers and in repair, conversion and repowering of the Great Lakes bulk carrier fleet.

Bunker Prices Worldwide In April, prices slightly rebounded in Rotterdam and Singapore, but these gains were closely countered by declines in Fujairah and Houston. In May, we saw increases in all areas. Fujairah, historically less volatile than other areas reported, reported a very modest increase for the first time since July 2014 as it rose 0.68% to May’s average US$ 737.00/mt from April’s average US$ 732.00/mt. In the U.S., Houston increased 6.20% to US$ 651.00/mt from US$ 613.00/mt. Rotterdam increased 7.96% to US$ 583.50/mt from US$ 540.50/mt and Singapore rose by 6.89% to US$ 589.50/mt from US$ 551.50/mt. The constant fluctuation in fuel prices on the West Coast continues to frustrate drivers and vessel operators. February’s increases of 24.02% to 27.09%, March’s decreases of 11.38% to 13.05% and April’s increases of 18.5 - 22.9% have now

been followed by a mild smoothing out of increases in most areas reported in May. Reviewing OPIS contract average weekly prices of ultra-low sulphur diesel for the week ending 29

th May compared to

the week ending 1st May we saw Seattle increase by 5.38% to US$

2.43 per gallon from US$ 2.30. Fuel in Portland, Oregon matched Seattle’s at US$ 2.43/gal (US$ 2.31/gal), a 5.08% jump. Diesel in San Francisco declined a modest 3.51% to US$ 2.34/gal from the US$ 2.42/gal average paid the end of April and Los Angeles / Long Beach / El Segundo grew a marginal 0.86% to US$ 2.21/gal from US$ 2.27/gal. Usually we see increases after Memorial Day weekend and as we move closer to summer with schools getting out and vacations starting. However this year, the first week of June saw decreases in all areas reported on the West Coast, with Seattle and Portland both at US$ 2.35, San Francisco US$ 2.23 and Los Angeles / Long Beach / El Segundo at US$ 2.21.

In the United States, Kirby Corporation’s average 249 towboats operating with their 905 inland tank barges on inland waterways of the U.S. average cost per gallon for fuel consumed during first quarter 2015 was US$ 2.06 per U.S. gallon compared to US$ 2.83/gallon for fourth quarter 2014 and US$ 3.13/gallon during the comparable first quarter of 2014. During first quarter 2015, Kirby’s inland tank barge utilization remained in the 90 – 95% range. Customers did return some barges moving crude oil and condensate during the quarter; however, most of the returned barges were put to work elsewhere in Kirby's system. The industry did see some reduced utilization and some degree of negative pressure on both spot and contract rates. Inland marine operating conditions presented challenges during the quarter with heavy ice on the Illinois and Upper Ohio Rivers and heavy fog on the Gulf Coast.


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According to the Paris-based, International Energy

Agency’s “Oil Market Report”, product market strength and rising tension throughout the Middle East supported global crude oil prices in May and through early June. At the time of writing, ICE Brent was trading at around $65.95/bbl, while US WTI was at $61.50/bbl. Global oil supplies fell by 155 kb/d in May to 96 mb/d on lower non-OPEC output, but remained at a steep 3.0 mb/d above last year. Annual growth slowed marginally from March and April and remained roughly split between non-OPEC and OPEC countries. The forecast of non-OPEC supply growth for 2015 have been raised to 1 mb/d. OPEC supply in May edged up 50 kb/d to 31.33 mb/d, the highest since August 2012. Saudi Arabia, Iraq and the UAE pumped at record monthly rates to keep output over 1 mb/d above OPEC's official supply target for a third month running. Oil ministers agreed to maintain that target at their 5 June meeting. The estimate of global demand growth has been revised up to 1.7 mb/d for 1Q15 and 1.4 mb/d for 2015 as a whole. Momentum is expected to ease somewhat in 2H15, assuming a return to normal weather conditions and given a recent partial recovery in oil prices. Global refinery crude runs reached an estimated 77.9 mb/d in April, 0.3 mb/d lower than March and 1.7 mb/d above a year earlier.

Delayed new capacity of 1.5 mb/d in non-OECD regions has lifted product cracks and OECD refining utilisation rates and caused backwardation to re-appear in oil products markets. OECD industry oil stocks built by a steep 38.0 mb in April, to stand 147 mb above average levels, as refined-product stocks moved to their widest surplus in over four years. Preliminary data indicate that OECD inventories added a further 12.6 mb in May although US crude stocks posted their first draw in nine months.

Per the latest U.S. Energy Information Administration’s “Short-

Term Energy Outlook”, North Sea Brent crude oil spot prices increased by almost $5/b in May to a monthly average of $64/b, which was the highest monthly average for Brent so far this year. Several factors put upward pressure on crude oil prices in May. These factors included indications that global oil demand growth is accelerating, evidence that U.S. tight oil production could decline in

the coming months and the growing risk of unplanned supply outages in the Middle East and North Africa. As of May 29, according to Baker Hughes, the number of rigs drilling for crude oil in the United States had fallen for 25 consecutive weeks and was 60% below its peak in October 2014. Brent crude oil prices increased despite estimated increases in global oil inventories, which rose in May by more than 2.0 million b/d for the third consecutive month, compared with an average build of 1.0 million b/d in March through May of last year. Inventory builds are projected to moderate somewhat in the coming months, but are expected to remain high compared with previous years. The monthly average WTI crude oil spot price increased to an average of $59/b in May, up $5/b from April. After increasing for 20 consecutive weeks to a record 62.2 million barrels on April 17, crude oil inventories at Cushing, Oklahoma, have since fallen for six consecutive weeks by a total of 3.2 million barrels. Along with falling Cushing inventories, increasing U.S. refinery runs and production outages in Canada have put upward pressure on the price of WTI crude oil.


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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. May’s 53.1 million short tons of all commodities carried on internal U.S. Waterways was up 20.68% from February’s 44.0 million tons and was higher than May 2014’s tonnage of 49.3 million tons. May 2015 is the highest May movement since the 54.7 million recorded in May 2005. In May, 15.1 million tons of petroleum were carried, up 12.69% from February’s 13.4 million and 4.86% from May 2014’s 14.4 million tons. Chemicals moved in May were 4.9 million, an increase of 28.95% over February’s 3.8 million and higher by 13.95% than May 2014’s 4.6 million tons. 12.7 million tons of Coal & Coke were hauled, 15.45% higher than February’s 11.0 million tons and 2.42% above May 2014’s 12.4 million tons. 5.8 million tons of Farm and Food Products shipments were lower than February’s 6.6 million tons and lower than May 2014’s 6.0 million tons.

The Freight Transportation Services Index (TSI), is based on the amount of freight carried by the for-hire transportation industry, rose 0.8% in May from April, seasonally-adjusted, rising after one month of decline, according to the U.S.

Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Services

Index (TSI) released July 9th. The May 2015 index level (122.7) was 29.6% above the April 2009 low during the most

recent recession. The level of freight shipments in May measured by the Freight TSI (122.7) was 0.5% below the all-time high level of 123.3 in November 2014. The April index was revised to 121.7 from 120.4 in last month’s release but remains below the March index. The indexes for December through March were also revised up slightly. 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. There was a large increase in trucking, reversing an April decline. Waterborne also rose along with a smaller increase in pipeline. These increases outweighed declines in air freight, rail carloads and rail intermodal to produce the 0.8% rise in the overall freight index in May. Personal income and employment increased in May, even as the Federal Reserve Board Industrial Production index and, manufacturers’ shipments declined. Revised data indicates that GDP declined in the first quarter of 2015, when the growth of the freight TSI slowed. In May, the Freight TSI returned to its March level. Since peaking in November 2014, the index has alternated months of increases and decreases that left it still near the all-time high but 0.5% lower than in November and at the same level as in January 2015. After dipping to 94.6 in April 2009, the index rose 29.6% in the succeeding 73 months. Freight shipments in May 2015 (122.7) were 29.6% higher than the recent low in April 2009 during the recession (94.6). The May 2015 level was 0.5% below the historic peak reached in November 2014 (123.3). Freight shipments measured by the index were virtually unchanged in May compared to the end of 2014. Freight shipments are up 15.4% in the five years from the post-recession level of May 2010 and are up 9.2% in the 10 years from May 2005. May 2015 freight shipments were up 1.7% from May 2014.


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

on June 3rd, total U.S. carload traffic for the first five months of 2015 was 5,844,411 carloads, down 3% or 179,906 carloads, while intermodal containers and trailers were 5,487,880 units, up 2% or 109,645 containers and trailers when compared to the same period in 2014. For the first five months of 2015, total rail traffic volume in the United States was 11,332,291 carloads and intermodal units, down 0.6% or 70,261 carloads and intermodal

units from the same point last year. "Mixed signals is a good term to use to describe the economy nowadays and it applies to rail traffic too. Intermodal is on its way to another record-breaking year, but carload traffic is not doing well," said AAR Senior Vice President Policy and Economics John T. Gray. "The degree to which coal carloads have fallen has been a surprise and the relative weakness in other carload categories is a sign that the economy is probably not yet in bounce-back mode after a dismal first quarter."

Highlighted Tank Barges Direct From Owners 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. Deadweight: 9,876lt. Light Displacement: 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 - 3,000BHP 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. U.S. Northwest.

File: TB53034 Double Hull Tank Barge – Ocean: 340.0' loa x 326.0' lbp x 68.0' beam x 22.0' depth x 3.60' light x 17.83' loaded draft. Built in 1965 by Port Houston Shipyard; Houston, TX. Foreign flag. GRT: 3,853. NRT: 2,418. Class: ABS + A1 Oil Tank Barge Domestic Service, Restricted. Oil F.P. 60 deg. C or less. Dwt: 9,400st. Light Displacement: 2,075st. Rake(s): Double. Bulkheads:

10 oil tight. Capacity: 53,000bbl. Tanks: 14. Uncoiled. FO: 3,000g. Pumps: 2 -

1,500MT/h, 2,000psi deepwell / GM 8V71. Genset(s): 2 - 99kW / GM. Double

hull black oil & chemical barge. Abt. 7,000 / 6,800stdw on 15' SW / FW draft. TPI 53. FW allowance 5-1/4". Externally framed cargo tank. No coils / heaters. 2 cargo systems. 164' from bow to center of manifold. 7 manifolds with 6" or 8" flange sizes. International FP Series epoxy cargo tanks coatings. Barge laid up active, with class suspended. Last cargo crude oil in July 2013. Small push notch aft. Engine room below aft rake with office above. Reportedly good

working condition. Africa West Coast.


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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. Transport Canada Class A Oil Barge Cargo Below 60C. All certs exp. Laid-up. Dwt: 2,578T. W/T Compartments: 16.

Capacity: 38,000bbl. Pumps: 16 - Framo Deepwell @ 950BHP ea. Anchor(s). Windlass: Vertical axis, 3 capstans. Crane: 2 - hyd Arctic. Winch: Gearmatic bridle hoist. 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 good condition. Keen Seller. Canada West Coast.

File: TB30028 Tank Barge – Ocean: 250.9' loa x 41.9' beam x 18.6' depth x 2.00' light draft x 16.00' loaded draft. Built in 1961 by Levingston Shipbuilding. U.S. flag. GRT/NRT: 1,634. Class: USCG Lakes Bay Sound. COI exp. Aug 2017. Former

ABS + A1 (lapsed 2008). Light Displacement: 595lt. Capacity: 30,000bbl. Tanks:

10. FO: 500g. Genset(s): 2 - GM 8V71. Former ABS Ocean tank barge now

trading inland. Single Skin. USCG Grade A Liquid Bulk Cargoes. Last DD was

July 2012. For more information contact Marcon. U.S. Northeast.

File: TB25033 Double Bottom Tank Barge - Ocean - 230.0' loa x 60.0' beam x 16.0' depth x 12.00' loaded draft. Built in 2001 by Chinese shipyard. St Vincent/Grenadine flag. Class: DNV + 1A1 Barge for oil. Unrestricted Navigation. Deadweight: 3,500mt. Capacity: 22,016bbl. Tanks: 12. FO: 20m3. FW: 100m3. Pumps: 2 - 140m3 - 460m3/ea Perkins; FO: 1-2.4m3/hr; FW: 1-3m3/hr. 1 - 500kg; 1 - 250kg anchor(s). Wire/Chain Capacity: 150m. Wire/Chain Dia.: 20mm. Genset(s): 1 - 30kW / Cummins 30XDGBA 220/400vAC 3ph 50Hz. Quarters: 1 - 2 berth cabin + workshop. 3,500m3 cargo oil capacity. Two firefighting monitors. Diesel driven fire pump. Capable for transport of high grade oil products with flash point below 60 degrees Celsius. Marcon sold a tug belonging to these owners. 12 segregated

tanks. Southeast Asia. Delivery: Prompt.

File: TB25032 Tank Barge – Ocean: 261.5' loa x 64.0' beam x 21.4' depth x 15.00' draft. Built in 1967 by Allied Shipbuilders. Canada flag. GRT: 3,261. NRT: 3,254. Class: Canadian Loadline expired. Dwt: 5,081mt. Bulkheads: 2 long'l & 9 transv.

Watertight Compartments: 18. Capacity: 25,000bbl. Tanks: 6.

Caustic Soda barge. Double bottom and wing tank welded steel chemical barge. Ship-shape bow, round-chined mid-body with flat bottom, rectangular platform aft with radiused raked stern fitted with adjustable inboard skegs. Capacity estimated at 6,000 tons. Nov. 2008 survey on file. Last cargo caustic / tanks

cleaned & some residual. Canada West Coast.

File: TB21440 Double Hull Tank Barge – Inland: 248.1' loa x 51.2'

beam x 14.3' depth x 12.10' loaded draft. Built in 2006. Foreign flag. Class: Panama Loadline / Certification. Dwt: 3,350st. Light Displacement:

650st. Rake(s): Single. Bulkheads: 1 long'l / 5 transv. Capacity:

21,440bbl. Tanks: 12. Pumps: 2 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 & protected

waters. Small scale drawing & recent photos of tanks, deck layout

and piping / pumping arrangements on request. Caribbean.


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File: TB17020 Tank Barge – Ocean: 192.9' loa x 50.0' beam x 15.0' depth. Built in 1988 by Versatile Pacific, Inc., Victoria, BC. Canada flag. GRT/NRT: 1,168. Canadian Loadline / CSI - expired. Dwt: 2,560mt. Light Displacement: 481mt. Tanks: 10. Coiled. FO: 13.315m3. Pumps: 2 - Blackmere HXL-6C 300 mt/hr, 1 - Blackmere HXL-4C 100mt/hr. Hydraulic crane for cargo hose. Genset(s): 1 -

60kW. Single skin. Laid up. Owner inviting offers “as is, where is”. Total cubic

2,770m3 in 10 cargo tanks @ 100% (about 17,422BBL). Cargo Heater - Geka Thermalk Fluid Heater (465kW). Laid up empty Spring 2015. Cargo tanks

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

File: TB10500 Tank Barge - Inland - 174.0' loa x 35.0' beam x 12.6' depth. Built in 1983 by SouthWest Marine. U.S. flag. GRT: 585. NRT: 450. Last drydocked August 2012. Rake(s): Double. Capacity: 10,500bbl. 500lb. anchor. Single skin

bunker barge. 2012 survey available on request. U.S. West Coast.

File: TB04500 Double Hull Tank Barge – Inland: 113.0' loa x 112.9' lbp x 41.0' beam x 14.7' depth x 3.00' light x 10.00' loaded draft. Built 1971 by Baltimore, Maryland. U.S. flag. GRT/NRT: 571. USCG COI Grade A & lower exp.

October 2016. Dwt: 734lt. Rake(s): Double. Bulkheads: 1 long'l.

Watertight Compartments: 12. Capacity: 4,500bbl. Tanks: 4. FO: 63 BBL. FW: 720g. Pumps: Cargo: 2 Masport rotary vane. P/S manifolds. Double block cargo valves. Genset(s): 2 - 75kW / John

Deere 480vAC 60Hz with shore power. Quarters: 2. Cleaning

barge. Originally single-hull. Converted to double-hull in 2011. 4,500 barrel capacity in four cargo tanks (1 & 2, P & S). 5,000g on deck vacuum tank. Two 800 CFM "IR" compressors-diesel driven. Two vacuum units-electric driven. Living quarters for two persons with separate galley & fully functional restroom. Barge reportedly gas-

free, in very good condition. Fully operational. Fully fendered. Raised cargo hatches. Vacuum tank on deck. Can be

used tank cleaning or as small inland transport barge. Owners requesting offers for consideration. U.S. East Coast.

Highlighted Tankers Direct From Owners File: TA03500 Tanker – Product: 296.9' loa x 50.5' beam x

23.6' depth x 17.70' draft. Built in 2013 by Chinese shipyard. Singapore flag. Class: ABS +Oil Carrier, ESP, FP, 60 deg. C, PSPC, +AMS, E, CPS, RRDA, CRC. Coastal Service. Dwt: 3,500mt. Main Engines: 2 x Daihatsu 6DKM-20 total 2,564BHP. Endurance: 4,000nm. Bowthruster 250kW. Speed

about 12.8kn on MDO. Pump(s): Cargo Oil: 2 - 750m3/h Bornemann; Stripping: 1 - 200m3/h. Genset(s): 3 - 200kW / Cummins; 1 - 64kW / Cummins emergency diesel. Passengers:

14. Double bottom product tanker. 3,856.1m3 cargo capacity in total 8 tanks separated into three grades. 131.3m3 & 132.1m3 slop tanks. Able to discharge and load cargo oil simultaneously. Fitted with E&H remote

gauging system. Far East.

File: TA02853 Tanker: 319.4' loa x 46.5' beam x 21.3' depth x 14.70' loaded draft. Built in 1989 by Rauma-Repola Oy - Pori, Finland. Bolivia flag. GRT: 3,015. Class: Conarina +A1, Oil Products Tanker, (E) +AMS, SHCM, CPP, RW. Last DD Nov

2013. Ex Canadian ICE 1A. Dwt: 2,853mt. Light Disp.: 2,224mt. Hold Capacity:

3,240m3. Crane: 2 - 1.5T @ 2m. Main Engine: 1 x Russki 6CHN40 total 3,502BHP.

Pump(s): 4 cargo @ 130m3/hr. Single Hull Products tanker. 8 cargo tanks

(4P/4S) 3,240m3 capacity - Phenolic Epoxy coated. South America East Coast.


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File: TA01774 Tanker: 228.0' loa x 210.0' lbp x 38.8' beam x 16.9' depth x 14.15' loaded draft. Built in 1981 at Kitanihon Zosen K.K; Hachinohe, Japan. Panama flag. GRT: 1,144. NRT: 613. Class: GMB - Global Maritime Bureau 100A1 Oil Tanker. Previously LR until April 2012. Dwt: 1774mt. Lt. Disp: 780.8mt. FO: 94MT. Main Engine(s): 1 x Yanmar 6Z7-DT total 1400BHP at 680RPM. FP prop(s) Speed about 10.5-11.4kn on 5MTpd. Pump(s): Cargo: 3 -

660m3/h. Genset(s): 2 - 320kW & 1 - 96kW 440vAC 60Hz. Single hull. 2,075m3 @ 98% cargo in 8 epoxy coated cargo tanks. 136m3 in 2 slop tanks. Thermal oil heater & water tube domestic boiler. Reportedly well maintained.

Special Survey completed October 2011 and next due October 2016. Mid East.

File: TA01502 Tanker: 213.3' loa x 49.2' beam x 17.1' depth x 12.40' loaded draft. Built in 1998 by Jiangsu Traffic Shipyard; China. Indonesia flag. GRT: 1,499. Class: BKI + A100 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. Air Conditioned. 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. Further technical details and price guidance on these and other listings available on request. Marcon also has numerous vessels and barges available for sale or charter on a private and confidential basis which are not on our website or published in flyers. Contact us if you do not find what you are looking for online. We are also interested in receiving information on any vessels or barges, inland or ocean service, available for sale or charter. This can be on a published or private & confidential basis. So far in 2015, we have brokered 14 sales and/or charters. A full history of past sales, references and background is available on request or can be downloaded from our website. Marcon International has for the past 34 years specialized as shipbrokers in the offshore petroleum, towing and marine construction industries. Since our first sale, Marcon has sold or chartered 1,375 vessels & barges, including 86 ocean tank barges totaling 6.638 million bbl capacity (abt. 901,902dwt), 63 inland tank barge total 1.031 million bbl capacity (abt. 139,304dwt), 306 tugs (957,839BHP), 216 ocean & inland ocean deck barges (1,005,496dwt) and 127 hopper barges in addition to others.

Documents

Tank Barge Market Report - May 2015