June 2014 - Marcon International, Inc.

Transcription

Marcon International, Inc.
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: info@marcon.com
http://www.marcon.com
Vessels and Barges for Sale or Charter Worldwide
June 2014
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-
20,000-
30,000-
40,000-
50,000
10,000
19,999
29,999
39,999
49,999
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
Feb 2012
10
6
13
5
4
3
4
0
2
0
0
0
33
14
Feb 2013
5
16
8
0
1
0
30
May 2013
4
11
9
0
2
0
26
Aug 2013
5
9
9
0
2
0
25
Nov 2013
14
16
14
0
1
1
46
Feb 2014
14
16
16
1
1
1
49
May 2014 - Worldwide
16
16
18
1
2
1
54
3
5
5
0
2
0
15
13
11
13
1
0
1
39
May 2014 – U.S.
May 2014 - Foreign
Avg. Age - Worldwide
1986
1977
1980
2013
1966
Avg. Age – U.S.
1960
1990
Avg. Age - Foreign
1992
1971
2000
1974
0
1966
0
1983
2013
0
2000
Charter - Worldwide
0
0
0
0
0
0
0
Charter – U.S.
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Up Since Last Report
Down Since Last Report
Before June 2004 40,000bbl plus barges were grouped together
Charter - Foreign
*
Of the 3,921 barges and 12,727 vessels we currently track, 733 are tank barges with 54 inland and 41 ocean or
coastal barges officially on the market for sale. Ten of the 54 inland barges are 10 years of age or less. 35 or 64.8% of
the inland barges are 25 years of age or over. The oldest inland tank barge listed is a double hull 20,000bbl unit built in
1949 and is an ex-molasses barge which recently worked lignum liquor and magnesium chloride trade.
www.marcon.com
Details believed correct, not guaranteed. Offered subject to prior sale of charter.
Tank Barge Market Report – June 2014
Listed Ocean and Coastal Tank Barges Barrel Capacity
Under
10,000-
20,000-
30,000-
40,000-
50,000-
60,000-
70,000-
80,000-
90,000-
100,000
10,000
19,999
29,999
39,999
49,999
59,999
69,999
79,999
89,999
99,999
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
Feb 2012
6
5
4
4
18
7
11
7
2
5
6
3
4
0
5
1
1
1
1
1
6
0
64
34
Feb 2013
7
3
7
6
4
3
0
2
1
2
2
37
May 2013
7
6
8
4
2
3
0
2
0
2
0
34
Aug 2013
5
5
8
5
2
3
0
2
1
2
0
33
Nov 2013
6
7
8
4
2
3
0
1
1
1
0
33
Feb 2014
5
7
8
10
2
1
0
1
1
1
0
36
May 2014 - Worldwide
5
10
9
11
2
1
0
1
1
1
0
41
May 2014 – U.S.
0
3
2
2
1
0
0
0
0
0
0
8
May 2014 - Foreign
5
7
7
9
1
1
0
1
1
1
0
33
Avg. Age - Worldwide
Avg. Age - U.S.
Avg. Age - Foreign
1990
1991
1991
2001
1988
1965
0
1972
2013
1972
0
0
1971
1972
1975
1969
0
0
0
0
0
0
1990
1999
1998
2009
2007
1965
0
1972
2013
1972
0
Charter - Worldwide
0
0
3
3
0
1
0
1
0
0
0
8
Charter - U.S.
0
0
0
3
0
0
0
0
0
0
0
3
0
0
3
0
0
1
0
1
0
0
0
5
Charter - Foreign
Up Since Last Report
Down Since Last Report
Before June 2004 all 50,000bbl plus barges were grouped together
Once again we are faced with an ever diminishing opportunity, as brokers, to
effecitvely develop anything for sale in the double-hull category of inland / or
ocean tank barges. We had some recent discussions on some inland D/H units
in the United States for sale to a foreign Buyer, but the acquisition costs for the
6-7 year old units were in excess of newbuilding, and the delivery costs for the
Buyer to South America made this deal prohibitive. The Buyer is now looking
at newbuilding in the foreign country for which the barges were destined. This
is happening more and more as Buyers cannot meet the US Seller’s price
requirements to develop tonnage for sale, and the US Owners / Operators
really have no incentive to lower their sales price expectations with the market
returning good rates and utilization opportunities. The US Owners don’t want
to lose any customers during such a strong period of demand in the market,
and would effectively have to replace any barge sold with a newbuilding. There
are still a few older D/H barges which we can develop, but these do not
typically comply with IMO II regulations for void space measurements in the D/H, and therefore cannot be used by the
Buyers in their desired area of employment. The days of selling older and less desirable tonnage for D/H markets into
the foreign segment has effectively been reduced to a mere trickle of activity, and nearly everything suitable for this
transfer had been picked through and sold or scrapped. There will continue to be an occasional deal here and there,
but the market can be expected to continue to remain very tight for any available tonnage for the next several years.
The market is receiving a large influx of newly built tonnage and with the orders continuing to roll in, it appears that we
have not reached a point of market satisfaction. We believe that the inland tonnage newbuilding is starting to slow
down, as we believe that market is mostly becoming more stabilized in the demand / supply equation. This is also
because of available rail and pipeline competition that it receives, and will continue to receive. The coastal market
appears to require more tonnage with continuing orders for ATB units, and the US tanker market is also seeing
multiple orders in the 45-50,000dwt category.
www.marcon.com
2
Twenty-five inland tank barges Marcon has listed for sale are located in
Europe, followed by 16 in the U.S., five with undisclosed locations, four in
the Far East and one each in the Mediterranean, South Pacific, Southeast
Asia and Southwest Asia. Of the 41 ocean/coastal barges, 12 are 10 years
of age or less. 16 or 39.0% of the ocean & coastal barges are 25 years of
age or over with the oldest one, a U.S. flagged 20,000bbl barge, built in
1963. Fourteen ocean / coastwise barges listed for sale are in Southeast
Asia, followed by nine in the Far East, eight in the U.S., three in Europe, two
each in Africa and Canada and one each in Latin America, the Mid-East
and with undisclosed location.
Since 1981, Marcon International has closely followed the tug, barge and
offshore petroleum markets with over 1,335 vessels and barges sold or
chartered worldwide. Sales include 146 inland & ocean tank barges totaling
in excess of 7.5 million barrels and 1 million deadweight ton capacity.
Marcon’s Market Comments
To meet the continuing increase in demand related to the highest oil production that the USA has seen in some 28
years, newbuilding is continuing at a very brisk pace in the USA. Numerous shipyards are cranking out multiple sister
barges for customers, and larger coastal ATBs are being ordered. New US tankers are being ordered at rates not
seen in decades.
In May 2014 Kirby Corp. exercised its option for a second 185,000 barrel ATB and is poised
to order two more. The construction of a second 185,000 barrel coastal articulated tank barge
and 10,000HP tugboat unit for approximately $75 million, with expected delivery in the first
half of 2016. Including progress payments for this unit and previously announced increases in
its inland construction program, Kirby announced that it now expects its 2014 capital spending
to be in the US $320 million to US $330 million range. This capital expenditure includes
approximately US $135 million for the construction of 66 inland tank barges and one inland towboat, and
approximately US $80 million in progress payments on the construction of the two 185,000 barrel ATBs. The balance
of US $105 million to US $115 million is primarily capital upgrades and improvements to the company’s existing inland
and coastal marine fleet and facilities, as well as its diesel engine services facilities. Kirby ordered its first of what now
will be four ATBs in January 2014, with the 578 ft. barge unit being ordered at Gunderson Marine in Portland, OR,
and the corresponding 10,000BHP tugboat unit being ordered at Nichols Brothers Boat Builders, Freeland, WA.
During that announcement, which also was included in a recent presentation by the company, Kirby Corp. discussed
the situation in the market in relation to their D/H tank barge fleet. In this recent report it was noted that there are 265
coastal tank barges in the US Registry which are less than or equal to 195,000BBL. In the report Kirby states that
about 60% of these units are 5-10 years old. In Kirby’s fleet it was reported that approximately 80% of all the coastal
revenues generated were under contract and 90% of those were under term contract versus spot market. In the inland
market, Kirby reports that its 878 inland tank barges (about 25% of the US Fleet) and 255 inland river push boats were
generating 80% of the inland market revenues under term contracts, and about 57% were under Time Charter (with
tug and barge together). In the overall US Registry inland tank barge market Kirby states that there are about 3,450
inland river tank barges and approximately 1,666 are 10 years old or younger.
A recent statistic we have noted related to the record amount of crude oil which is now being shipped from the
Midwest to the US Gulf refineries aboard tank barges. According to the U.S. Energy Information Administration, the
amount of crude shipped in 2012 was about 21.5 million BBLs. In 2005 that number was effectively zero. This denotes
a massive amount of capacity that cannot be entirely absorbed by rail and pipeline, and hence we have seen the
improved market conditions for tank barges within the USA. Imports have continued to decline, and now hover just
over 6.5 million BBL per day, which is the lowest reported amount since 1997. EIA information shows that net liquid
imports from abroad, as a percentage of US consumption is projected to slip to a 45 year low in 2015.
www.marcon.com
3
The Energy Information Administration (EIA) reported
that Texas alone is pumping some 36% of the USA’s oil,
and it has more than doubled its production to the current
level in the past three years. This equates to nearly as
much crude that is produced in Iraq, which was 3.2 million
BBL per day in April 2014. Texas now tops 3 million BBL
per day. North Dakota is also reporting record production
with over 1 million BBL per day being pumped, and this
represents a 185% increase over three years ago. As a
result nearly 50% of the USA’s requirement for crude oil is
produced domestically, as reported for the month ending
April 2014. In total the USA was reportedly producing
upwards of 8.4 million BBL per day for the month ending in
April 2014, and this looks to continue and increase as we
move forward. The flip side of this is that the US Gulf
production has actually decreased to about 17% of the
total, versus 27% of the total in 2010, according to the EIA.
As a result of all this record production the USA’s largest storage
facility in Louisiana, known as the Louisiana Offshore Oil Port,
LLC (LOOP), is approaching a situation which was not really
foreseen when established some 30 years ago. This facility was
created to store crude oil shipped to the USA from foreign
countries like Saudi Arabia, Venezuela, Nigeria, etc. This is
done by pumping the massive amounts of imported oil from
tankers into underground caverns, some 1/3rd of a mile below
the surface for storage to assist in times of strife when foreign
countries may not be so helpful or friendly with their liquid
assets. The tankers moor to a buoy about 20 miles offshore and
the crude discharged from these tankers is piped via a 48”
pipelined to the LOOP facility and is then pumped into the
underground caverns for storage (some 69 million BBL in
capacity in all). In a recent Bloomberg News article, that agency
reported that the LOOP managers are now facing a potential that it will be completely filled and will need to consider
reversing the flow of this product for export. Shipments into the port reportedly peaked in 2005 at 1.18 million barrels a
day, according to Louisiana state records, which was about 12% of total U.S. imports. Deliveries then continued to
drop during a downward trend over the years, until it fell below 1 million barrels a day in 2009. In 2013 it reportedly fell
to 658,000 BBL, which is the lowest recorded since 1985. Obviously this will all take money and venture partners to
put into effect, not to mention cooperation from the nation’s lawmakers (no easy task under the best of circumstances),
but with continuing record production levels expected over the next several years, it is no longer an issue that can
afford to be ignored during a time of USD $105-110/BBL oil prices.
US Shipyards have been rolling out impressive announcements of activity
over the past few months and Conrad Industries is no exception. In
March 2014 it announced the full year results of 2013 reporting US $10.1
million in net income for the 4th quarter 2013 (compared to USD $8 million
for same quarter 2012), and declaring an additional amount of new
business for the 1st quarter of 2014 at US $67.3 million. This new business added during the first quarter of 2014
included the signing of new contracts and sales for stock barges which brought its estimated current backlog to
approximately US $155,000,000, compared to US $152.9 million declared December 31, 2013. New contracts added
this first quarter of 2014 included five 266’x54’x13’ LPG tank barges, two 70’x42’x7’ anchor barges, and a 116’ ATB
Tug (the “Emery Zidell” for Harley Marine) as well as four 297.5’x54’x12’ 30,000 BBL inland tank barges. This all
contributed to the announcement May 15, 2014 for the first quarter 2014 results at US $6.4 million in net income
achieved (compared to US $5.9 million for the same period in 2013).
www.marcon.com
4
Trinity Industries also recently announced in its quarterly report that in the
first quarter of 2014 it witnessed a large increase in the order backlog. During
the first quarter of 2014, the company advised that it had received orders for
tank barges of about US $215 million, which lifted its total barge backlog to US
$508 million at the end of March 2014. All of its production slots for 2014 are now sold, and they cannot take any new
orders until 2015, which would place delivery into 2016 at the very earliest. In addition the shipbuilder stated that
demand for newbuild inland hopper barges has recovered as well, and after several years holding off with a relatively
flat market, the US is seeing increased strength in exports for corn, wheat and soybeans. As a result Trinity is now
shifting some of its capacity for the inland tank barge newbuildings back to inland hopper barges for the first time in
two years.
The Gulf Coast Shipyard Group, Mississippi recently delivered the “FMT 6000” in June 2014.
This is a newly built 297.5’ x 54’ x 12’ depth, 30,000BBL double-hull inland tank barge which
was delivered to Florida Marine Transportation. This is the first to be delivered in FMT’s new
6000 series. The contract, which started in 2011, currently calls for the delivery of 32 of this
class, with options for an additional 18 units of this same design, which could make the order
total upwards of 50. Delivery scheduling for the barges in this order will now reportedly be running on a 25-28 day
schedule. FMT also recently took delivery of another 90’ LOA 3,000BHP inland river towboat from Eastern
Shipbuilding, which is the 56th unit of this class to be delivered by Eastern to FMT since the first was delivered in
2006. Many of the earlier units delivered were only 2,600BHP and 2,800BHP but more recently the people at FMT
have been putting higher BHP into these hulls for their required operations.
LeBeouf Bros. Towing, Bourg, LA, announced in mid-May 2014 that it has taken delivery of the “Gonsoulin 540” from
its shipyard, Bourg Dry Dock & Service Co. This barge is reportedly the 40th unit in a series of 297.5’ x 54’ x 12’ depth
30,000BBL inland double hull tank barges that are USCG Certified for Type II or Type III hulls specifically for
Subchapter “O” and “D” cargoes.
In February 2014 Harley Marine Services, Seattle, WA announced the construction of an
ATB with the 80,000BBL D/H tank barge “Dr. Robert J. Beall” portion of the unit being
built at Zidell Marine Corp. of Portland, OR and the 4,070BHP, 116’ LOA tug (to be
named “Emery Zidell”) is being built at Conrad Industries in the US Gulf (where Harley
Marine also recently took delivery of multiple 2,000BHP, 70’ LOA, triple deck inland river
towboats to support its inland tank barge fleet in the US Gulf and Mid West). The barge
and tug are expected to enter service for the company by the end of 2014. Following up
on this order, the company recently announced the order of two more 83,000BBL ABS
Ocean Tank Barges, which are slated to be built Vigor Fab in Portland. The 422’ x 76’ x
27’ units (nearly identical to the “Dr. Robert J. Beall”) will be built at the 60-acre Vigor
facility in Portland, OR. The first unit is expected to be delivered in the spring of 2015,
while the second barge is to be delivered during the summer of 2015. Both of these
barges are to be part of an ATB configuration as well.
Bay Shipbuilding Company, Sturgeon Bay, WI, entered into contracts with Moran Towing Corporation, New
Canaan, CT, to build three oil / chemical barges (two with a cargo
capacity of 150,000BBL each and one of 110,000BBL capacity) and
two tugs (6,000HP and 5,300HP) to be operated together as
Articulated Tug Barges (ATBs). The new vessels will be entirely built at
Bay Shipbuilding's Sturgeon Bay shipyard and are scheduled to be
delivered separately over the next 24-months. Construction has
already begun on the first units. "It is exciting to see a valued customer
such as Moran Towing return to Sturgeon Bay thanks to the quality of
our products and workmanship," said Todd Thayse, Bay Shipbuilding's
Vice President and General Manager. "This new business coupled with
conversion work and the steady flow of annual repair jobs will keep us
busy throughout the next several months. We will begin bolstering our
production force by midsummer with steel fitters and welders being the
first trades that will be hired."
www.marcon.com
5
Bay Shipbuilding Company has also been awarded a contract to build
two 155,000BBL capacity barges and two 6,000HP tugs for Kirby
Corporation. The vessels are to be operated as Articulated Tug-Barge
(ATB) units and will haul petroleum and chemical products domestically. The first ATB unit is scheduled for delivery in
the Fall of 2016 and the second unit will be delivered in Summer of 2017. Todd Thayse, BSC Vice President and
General Manager, commented on the significance of the award: “This repeat business from Kirby Corporation is
validation of Bay’s quality products and positive history in this product range.” He continued, “Bay Shipbuilding has
built 22 ATB-units over the past 15 years, and is now under contract for several more. The new business from Kirby,
combined with our current ATB orders, will further allow BSC to invest in our infrastructure and it strengthens our
backlog position.”
Jensen Maritime, Crowley Maritime Corp.'s Seattle-based naval architecture and marine engineering company, has
been awarded a contract to design some of the first liquefied natural gas (LNG) bunker barges in the U.S. for customer
LNG America LLC, a Houston-based LNG fuel supply and distribution company. LNG America has an agreement in
principle with Cheniere Energy to secure LNG from the Sabine Pass LNG facility in Cameron Parish, LA, and says it
will have the capability to distribute LNG in the greater U.S. Gulf Coast region by the end of 2015 and will expand to
other regions as commercial agreements are completed. LNG America will own or control the logistics infrastructure,
including LNG bunker vessels, tanker trucks, storage, and loading facilities, necessary to deliver highly reliable, cost
competitive LNG to marine and terrestrial customers. Currently no LNG bunkering barges are in operation in American
waterways and these vessels will be among the first to be developed and built, marking a significant step in LNG
America's build-out of LNG bunkering infrastructure along the U.S. Gulf Coast and in delivering a new clean fuel to the
maritime industry.
The vessels, which are expected to deliver in late 2015, have an initial planned capacity
of up to 3,000m3 of LNG. Once in operation, the bunker barges will serve the dual
purpose of moving LNG from LNG America's Louisiana supply source to coastal-based
storage and distribution terminals and in directly bunkering large ships. "Through LNG
America's LNG bunkering initiative, we plan to serve and facilitate the growing marine
demand for LNG," said Keith Meyer, CEO of LNG America. "LNG America sees the
demand for marine LNG to be robust as long as LNG can be made available to the
maritime industry on a reliable, dependable and cost-competitive basis. Our mission is to deliver competitively priced
LNG as fuel where needed, when needed and in the quantity needed." "The significance of this agreement is not only
incredible news for the marine industry, which struggles with whether to develop LNG infrastructure or vessels first, but
also for companies along the U.S. Gulf that hope to replace their traditional vessels with cleaner, more efficient LNGpowered ones," said Jensen's Johan Sperling, vice president. "We are thrilled to be working with LNG America in the
development of its marine infrastructure and also in providing a green fuel source to this important region. Jensen is
on the leading edge when it comes to LNG vessel design and we look forward to serving LNG America and other
customers with this valuable service."
Jensen first produced prototype designs for LNG vessels in 2008. Additionally, Jensen has developed designs for a
100’ x 40’ LNG tugboat and is currently working on several other prototype designs of LNG bunker vessels, harbor
tugs, ATBs, containerships and tankers, along with inland vessels for a variety of customers in the U.S. LNG America
was formed last July to develop LNG distribution infrastructure that serves not only the marine market but the
burgeoning use of LNG in the oil and gas, rail, mining and heavy-duty trucking markets as well. These markets have
emerged due to the fuel's price competitiveness resulting from the abundant U.S. natural gas reserves.
On July 2nd, 2014 the Lake Oswego, OR based company Greenbrier Companies, Inc. posted
record earnings of $33.6 million net income for the 3rd quarter ending May 31, 2014. Adjusted
EBITDA was $78.0 million, or 13.1% of revenue. Greenbrier’s railcar backlog, as of May 31, 2014
was 26,400 units with an estimated value of $2.75 billion (average $104,000/unit). This reflects the massive demand
for new railcars in the industry and compares to 15,200 units with an estimated value of $1.54 billion (average
$101,000/unit) as of February 28, 2014. New railcar deliveries totaled 4,300 units for the quarter, compared to 3,400
units the prior quarter. Orders for 15,600 new railcars valued at $1.65 billion were received during the quarter. After
quarter end, Greenbrier announced that it received orders for an additional 2,700 units valued at approx. $320 million.
While a smaller overall portion of activity, marine backlog at Gunderson Shipyard, Portland, OR as of May 31, 2014
totaled approx. $110 million. This helped push Q3 2014 revenues up 22.4% over the previous quarter to US $425.6
million, versus $347.8 million in 2014 Q2.
www.marcon.com
6
The US flag Jones Act tanker market saw another announcement in June 2014, with respect to newbuildings in the US
Jones Act tanker market which currently has about 12 tankers on order at this time, with delivery over the next 3 years.
Very recently General Dynamics NASSCO, a wholly owned subsidiary of
General Dynamics, entered into a contract with American Petroleum
Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy
Partners, L.P., for the design and construction of an additional 50,000dwt,
LNG-conversion-ready, product carrier with a 330,000BBL cargo capacity.
Construction is scheduled to begin the fourth quarter of 2015, with delivery scheduled for the second quarter of 2017.
This new tanker, supported by a long-term charter, will be constructed at the NASSCO shipyard in San Diego, meeting
the Jones Act requirement that ships carrying cargo between U.S. ports be built in U.S. shipyards. American
Petroleum Tankers already has four tankers on order. This new 610’ LOA tanker is a continuation of the ECO MR
tanker design, which delivers improved fuel efficiency and incorporates the latest environmental protection features,
including a ballast water treatment system. Including this order, NASSCO
is now under contract for the design and construction of eight tankers: five
for American Petroleum Tankers and three for Seabulk Tankers, Inc. All
eight of these ships are being designed by DSEC, a subsidiary of
Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South
Korea. DSEC's ECO design achieves improved fuel efficiency through
several features, including a G-series MAN ME slow-speed main engine
and an optimized hull form. The tankers will have conversion-capable,
dual-fuel-capable engines and the ability to accommodate the future
installation of an LNG fuel-gas system and Type C LNG tanks. Kevin
Graney, vice president and general manager of General Dynamics NASSCO, said, "NASSCO is very pleased to be
continuing our partnership with American Petroleum Tankers by building a fifth ECO tanker. This additional order, plus
NASSCO's existing backlog of tankers and containerships, is a clear indication that NASSCO is the shipyard of choice
for Jones Act vessel construction." Rob Kurz, vice president of Kinder Morgan Terminals and president of KMP
subsidiary APT, commented, "We are very excited to be building an additional tanker at NASSCO. This new order
clearly demonstrates APT's and Kinder Morgan's continued commitment to the Jones Act tanker market."
Aker Philadelphia Shipyard, and its financial sponsors, including American
Shipping Company and funds affiliated with Apollo Global Management,
announced the creation of what is described as a "pure play Jones Act shipping
company." The company will be called Philly Tankers, has reportedly secured equity
commitments necessary to finance purchase of two product tankers from Aker
Philadelphia with deliveries in 2016 and 2017 (with options for two more) and will have a post-money market
capitalization of $127.5 million. Together with best-in-class partners, Philly Tankers will operate and charter the
vessels in the Jones Act market.
"We are delighted to see so much interest in Philly Tankers. The company offers pure-play exposure to an increasingly
strong market and is targeting growth through a combination of newbuilds, acquisitions of existing vessels, and
potentially through market consolidation," says Kristian Rokke, Chairman of Aker Philadelphia Shipyards. "There are
two key trends currently shaping the Jones Act market - the tight oil revolution, which has increased demand for
product tankers, and a surge in containership orders, which has constrained shipyard capacity. Philly Tankers is well
positioned to benefit from the effects of these trends by offering customers modern tonnage in a supply constrained
market, as well as reliable operations and substantially improved fuel-efficiency versus the existing fleet."
Aker Philadelphia and Philly Tankers, through their U.S. subsidiaries, will enter into binding shipbuilding contracts for
the first two product tankers, designated as AKPS Hulls 025-026. The total contract value is approximately $250
million, excluding construction period financing, initial owner expenses, G&A, and transaction costs. The anticipated
profitability of the shipbuilding project for the shipyard is said to be in-line with previous guidance for Hulls 021-030. An
option agreement will also be signed for two identical product tankers with deliveries in 2017, designated as AKPS
Hulls 027-028, on substantially the same terms and conditions as AKPS Hulls 025-026. The vessels will be 50,000 dwt
product tankers based on a proven Hyundai Mipo Dockyards (HMD) design that incorporates numerous fuel efficiency
features, flexible cargo capability, and the latest regulatory requirements. The vessels will be constructed with
consideration for the use of LNG for propulsion in the future. The vessels will be identical to the vessels currently
under construction at AKPS that will be included in the AKPS-Crowley joint venture.
www.marcon.com
7
Bunker Prices Worldwide
As back in February, we are still in the “up and
down, up and down” yo-yo mode for bunker
prices. Since February, MGO prices have
decreased across the four markets tracked by
Marcon. Fujairah continued its fall from January
by a further 0.31% to US$ 977.50 per metric
tonne. Whereas the rest fell from their
upswings reported in February. Houston
decreased 2.43% to US$ 984.00, while
Rotterdam decreased .57% to US$ 879.50 and
Singapore fell 1.19% to US$ 914.00. These
decreases are good because tug owners do
not have to pay as much for fuel, but this might
just be a temporary respite due the unrest in
the Middle East. Kirby Corporation’s average
255 towboats operating on inland waterways of
the U.S. average cost per gallon for fuel
consumed during first quarter 2014 was US$
3.13 per gallon, compared to US$ 3.26 per gallon during the fourth quarter and US$ 3.25/gal during first quarter 2013.
Year-on-Year the average price per gallon of fuel consumed during 2013 (avg. 256 boats) was US$ 3.21 down slightly
from US$ 3.24 during 2012 (avg. 245 boats).
According to the Paris-based, International Energy Agency’s “Oil Market
Report”, oil prices rose marginally month‐on‐month in April, supported by
continued tensions between Russia and the Ukraine, supply outages in
OPEC and non‐OPEC countries and stepped up crude buying as refiners
complete seasonal turnarounds. ICE Brent futures were last trading at
$109.85/bbl and NYMEX WTI at $102.10/bbl. Forecast global demand
growth for 2014 has been raised marginally since last month’s Report, to
1.32 mb/d, on higher 1Q14 data. Baseline adjustments to 2012 add 0.1 mb/d
to the historical average and total demand, now pegged at 92.8 mb/d in
2014. Global supplies rose 700 kb/d month‐on‐month to 92.1 mb/d in April,
with roughly half of the increase stemming from OPEC producers. Global
supplies were 820 kb/d higher than a year earlier, with non‐OPEC annual
output growth of 1.8 mb/d more than offsetting an OPEC crude oil decline of
960 kb/d. After hitting five‐month lows in March, OPEC crude oil production rebounded by 405 kb/d, to 29.90 mb/d in
April. The “call on OPEC crude and stock change” for 2H14 was raised by 140 kb/d to 30.7 mb/d. Global refinery crude
throughputs hit a seasonal low in April, estimated at 75.4 mb/d, on plant maintenance and seasonally weak demand.
Runs are set to rebound steeply until August as turnarounds unwind and demand increases. Global throughputs are
projected to average 76.2 mb/d in 2Q14, 0.4 mb/d lower than in 1Q14. OECD industry inventories slipped by 2.5 mb in
March to 2,570 mb, as a steep drawdown of product stocks partly offset rising crude and feedstock holdings.
Preliminary data indicate that OECD commercial stocks surged by 52.1 mb in April, reducing the deficit to the five year
average to 79 mb from 110 mb at end March.
Real gross domestic product -- output of goods and services produced by labor and property located in the United
States -- decreased at an annual rate of 1.0% in the first quarter according to the "second" estimate released by the
U.S. Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6%. The GDP estimate released
May 29th is based on more complete source data than available for the "advance" estimate issued in April. In the
advance estimate, real GDP was estimated to have increased 0.1%. With this second estimate for the first quarter, the
decline in private inventory investment was larger than previously estimated. The decrease in real GDP in the first
quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed
investment, state and local government spending, and residential fixed investment that were partly offset by a positive
contribution from personal consumption expenditures. Imports, which are a subtraction in the calculation of GDP,
increased.
www.marcon.com
8
The U.S. Energy Information Administration reports that North
Sea Brent crude oil spot prices increased from a monthly average
of $108/barrel (bbl) in April to $110/bbl in May. This was the 11th
consecutive month in which the average Brent crude oil spot price
fell within a relatively narrow range of $107/bbl to $112/bbl. The
discount of West Texas Intermediate (WTI) crude oil to Brent
crude oil, which averaged more than $13/bbl from November
through January, fell below $4/bbl in early April before increasing
to an average of $7/bbl in May. EIA projects Brent crude oil prices
to average $108/bbl in 2014 and $102/bbl in 2015 and the WTI
discount to Brent to average $9/bbl and $11/bbl in 2014 and 2015,
respectively. During the April-through-September summer driving season this year, regular gasoline retail prices are
forecast to average $3.62/gallon (gal), 4 cents higher than last year. The projected monthly national average regular
gasoline retail price falls from the high this year of $3.67/gal in May to $3.54/gal in September. EIA expects regular
gasoline retail prices to average $3.50/gal in 2014 and $3.38/gal in 2015, compared with $3.51/gal in 2013. EIA
estimates that U.S. total crude oil production averaged almost 8.4 million barrels/day (bbl/d) in May, the highest
monthly average production since March 1988. U.S. total crude oil production, which averaged 7.4 million bbl/d in
2013, is expected to average 8.4 million bbl/d in 2014 and 9.3 million bbl/d in 2015. The 2015 forecast represents the
highest annual average level of oil production since 1972. Natural gas working inventories on May 30 totaled 1.50
trillion cubic feet (Tcf), 0.74 Tcf (33%) below the level at the same time a year ago and 0.90 Tcf (37%) below the
previous five-year average (2009-13). EIA expects that the Henry
Hub natural gas spot price, which averaged $3.73/MMBtu in 2013,
will average $4.74/MMBtu in 2014 and $4.49/MMBtu in 2015.
Based on the outlook from the National Oceanic and Atmospheric
Administration (NOAA) for near- to below-normal tropical weather
activity this year, EIA's mean estimates of shut-in production in the
federal Gulf of Mexico (GOM) during the current hurricane season
(June through November) total 12 million bbl of crude oil and 30
billion cubic feet (Bcf) of natural gas (see 2014 Outlook for Gulf of
Mexico Hurricane-Related Production Outages). Actual shut-ins
are likely to differ significantly from this estimate depending on the
number, track, and strength of hurricanes as the season
progresses.
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. April’s 42.6
million short tons of commodities carried on
internal U.S. Waterways was up 2.16% from
January’s 41.7 million tons and was higher than
April 2013’s tonnage of 36.7 million tons, which
had been the lowest for April since April 2009’s
37.1 million tons. 24.2 million tons of petroleum
and chemicals were carried in April, which reflects
increased reporting of nitrogenous fertilizer at Lock
and Dam 27 for the month of April. This is up
14.7% from March’s 21.1 million tons and up
38.3% from April 2013’s 17.5 million tons moved.
11.3 million tons of Coal & Coke were hauled, the
lowest tonnage for April since before 2010. 4.54
million tons of Farm and Food Products shipments
were higher than March’s 3.55 million tons and
higher than April 2013’s 0.71 million tons.
www.marcon.com
9
The amount of freight carried by the for-hire transportation industry
rose 0.4% in April from March, rising for the third consecutive month,
according to the U.S. Department of Transportation’s Bureau of
Transportation Statistics’ (BTS) Freight Transportation Services
Index (TSI) released June 11th. The April 2014 index level (117.6)
was 24.1% above the April 2009 low during the most recent recession.
The level of freight shipments in April measured by the seasonallyadjusted Freight TSI (117.6) was at the second highest all-time level
and 0.1% below the all-time high level of 117.8 in November 2013.
BTS’ TSI records begin in 2000. The March index was revised to
117.1 from 116.7 in last month’s release. Smaller upward revisions
were made for December and January. 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 April increase in the freight index was led by trucking and rail intermodal, which grew rapidly for the third
month in a row. Rail carload growth slowed after fast growth in March. The freight index has now risen for three
consecutive months following a bottom in January that was largely weather-related and affected the entire economy,
as measured by the GDP decline in the January-to-March period. With three consecutive monthly increases, the index
rose 3.0% following the weather-related low in January. In April, the index reached its second highest all-time level
(117.6), almost returning to the all-time high (117.8) set in November before the winter decline. After dipping to 94.8 in
April 2009, the index rose by 24.1% in the succeeding 60 months. Freight shipments in April 2014 (117.6) were 24.1%
higher than the recent low in April 2009 during the recession (94.7). The April 2014 level is down 0.1% from the
historic peak reached in November 2013 (117.8). Freight shipments measured by the index were up 0.4% in April
compared to the end of 2013. Freight shipments are up 24.1% in the five years from the recession level of April 2009
and are up 6.4% in the 10 years from April 2004. April 2014 freight shipments were up 4.8% from April 2013.
The Association of American Railroads (AAR) on June 5th reported U.S. Class I railroads originated 110,164
carloads of crude oil in the first quarter of 2014, 1.4% more than in the fourth quarter of 2013 and, by 1,559 carloads,
the most ever in any quarter. In the first quarter of 2014, crude oil accounted for 1.6% of total originated carloads for
U.S. rail traffic. AAR also reported increased U.S. rail traffic for May 2014, with both carload and intermodal volumes
increasing compared with May 2013. Intermodal traffic in May totaled 1,045,880 containers and trailers, up 8% (77,526
th
units) compared with May 2013, and the 54 -consecutive
year-over-year monthly increase for intermodal volume. The
weekly average of 261,470 intermodal units on U.S.
railroads in May 2014 was the third-highest average for any
month in history. Meanwhile, U.S. carload originations
totaled 1,186,314 in May 2014, up 6.1% (68,301 carloads)
over May 2013. Total carloads averaged 296,579 per week
in May, the highest weekly average for May since 2008 and
the highest weekly average for any month since October
2011. Seventeen of the 20 commodity categories tracked by
the AAR each month saw year-over-year carload increases
in May. Commodities with the biggest carload increases
included grain, up 18,612 carloads, or 29.7%; crushed
stone, sand and gravel, up 12,256 carloads, or 14.6%; and
coal, up 12,196 carloads, or 2.8%. May marked the seventh straight double-digit year-over-year gain for grain.
Railroads have not had a month with 17 of 20 commodity categories increased since the spring of 2010, when the
country was just beginning to rebound from the most severe stages of the recession. Commodity categories with
carload declines last month included food products, down 948 carloads, or 3.7%; coke, down 666 carloads, or 4.3%;
and nonmetallic minerals, down 457 carloads, or 2.1%. Excluding coal and grain, carloads were up 37,493 carloads,
or 6% in May, the biggest such percentage increase since December 2012. “If you’re looking for a sign that the
economy is shaking off its first quarter lethargy, rail traffic in May could be that sign,” said AAR Senior Vice President
John T. Gray. “Crushed stone, steel, motor vehicles, lumber, chemicals— the list of commodities showing carload
gains in May goes on and on. And intermodal continues to surge. All in all, there’s very little to dislike about May’s rail
traffic figures. We hope it really is a sign that the economy is beginning a period of solid growth.”
www.marcon.com
10
Recent News
As of the May 2, 2014 breakdown of Current
Commercial Shipbuilding Contracts from MarineLog and
Colton Co., at least seven tank barges and 12 product
carriers (excluding inland barges) are now under
construction, being converted or on order in the U.S.
This is an increase of four tank barges and product
carriers over what was reported in our last report in
February. The U.S. Orderbook totals over 173,649dwt in
tank barges and 534,000dwt firm in product carriers with
a 50,000dwt product carrier on option. One tank barge is
reportedly under construction in Vancouver, BC,
Canada. Newbuilding activity is not limited to the U.S.
From Argentina to Vietnam there are 166 petroleum, 411
chemical, 158 liquid gas and 39 inland waterways
tankers below 50,000dwt on the orderbooks plus an
unknown number of tank barges.
Breakdown of Current Commercial Shipbuilding Contracts from MarineLog and Colton Co. – May 2, 2014
Type of Vessel
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Tank Barge
Tank Barge
Tank Barge
Tank Barge
Tank Barge
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Product Carrier
Tank Barge
Tank Barge
Tank Barge
Customer
Name
Description
Contract Price ($mm)
Aker Philadelphia, Philadelphia PA
Crowley Marine
46,000 dwt
125
Crowley Marine
46,000 dwt
125
Crowley Marine
46,000 dwt
125
Crowley Marine
46,000 dwt
125
Bay Shipbuilding, Sturgeon Bay WI
Moran Towing
150,000 bbls
Moran Towing
150,000 bbls
Moran Towing
115,000 bbls
Gunderson Marine, Portland OR
Kirby Ocean Tptn.
185,000 bbls
Kirby Ocean Tptn.
185,000 bbls
NASSCO, San Diego CA
APT
50,000-dwt
APT
50,000-dwt
APT
50,000-dwt
APT
50,000-dwt
Seacor
50,000-dwt
125
Seacor
50,000-dwt
125
Seacor
50,000-dwt
125
Seacor
50,000-dwt
125
VT Halter Marine, Pascagoula MS
Bouchard Tptn.
B No. 270
250,000 bbl
Bouchard Tptn.
B No. 272
250,000 bbl
Vancouver Shipyards, North Vancouver, BC, Canada
Seaspan Int'l.
www.marcon.com
Delivery
2015
2015
2016
2016
2016
2016
2016
2015
2016
15-Dec
16-Apr
16-Aug
16-Dec
16-Jun
17-Mar
16-Dec
Option
2Q15
4Q15
11
Highlighted Tank Barges Direct From Owners
File: TB85379 Double Hull Tank Barge – Ocean: 379.8' loa x 63.3' beam x
40.2' depth x 30.11' draft. Built in 1969 by Boelwerft in Belgium. Canada flag.
GRT: 6,554. NRT: 5,556. Class: LR + 100A1, IMO/MARPOL, OPA '90. (Laidup / LR Class suspended). Deadweight: 13,920mt. Light Displacement:
3,000mt. Capacity: 88,685bbl. Tanks: 8. FO: 50MT. FW: 7m3. Pumps: 2 500m3/hr ballast; 8 - 310m3/hr cargo; 1 - 70m3/hr spare. Anchor(s).
Windlass: Hatlapa. Crane: 2 - 8MT. 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. in JP-4 service. Portable
Butterworth tank washing system. 2 systems. Segregated ballast tanks. 12"
cargo lines. 625HP bowthruster. Seaway draft - 26.24' at 11,100MTdw. See
tug TG39135. Owner is a keen seller of both units en bloc. Contact Marcon for
price ideas, full details, and to make inspection arrangements. Caribbean.
File: TB45027 Double Hull Tank Barge – Ocean: 285.1' loa x 271.4'
lbp x 64.0' beam x 23.2' depth x 4.60' light x 17.60' loaded draft. Built
1969 by SBA Shipyards, LA. U.S. flag. GRT: 3,606. ABS loadline thru
Aug 2013. USCG COI thru Apr 2014. Deadweight: 7,020st. Capacity:
45,000bbl. Tanks: 8. Coiled. New midships crane being installed. Winch:
2 - 40T mooring winches. Genset(s): 2 - 70kW / GM6-71; Pump Engines:
2 - Detroit Diesels 8V71. Quarters: 3 AirCon. Dirty oil barge Grade C &
lower. 27' highest fixed point. Cargo Heater: Two Hopkins No. 500S 5.0 million BTU per hour. Two cargo segregations. Port & Starboard
discharge. Shallow stern notch. Void spaces reportedly good condition.
Four Yokohama fenders. Needs some attention, but owner estimates
another +6 years useful life. Developed on P&C basis. U.S. Gulf Coast.
File: TB42001 Tank Barge – Inland: 285.0' loa x 279.9' lbp x 60.0' beam x
18.0' depth x 13.50' loaded draft. Built in 1963 by Zigler SY Inc.; Mermentau,
LA. U.S. flag. GRT/NRT: 2,740. Class: ex-ABS + A1 Coastwise Service,
USCG Grade B Manned ops expired. Deadweight: 5,575T. Rake(s): Double
w/skegs aft. Bulkheads: 1 long'l / 7 transv. Capacity: 43,000bbl. Tanks: 10.
Coiled. Pumps: 2 Waterous 52000 pumps about 2,500BPH each, Cummins
6 cyl. diesels. 1 - 2,000lb. Danforth anchor(s). Wire/Chain Dia.: 1.563".
Windlass: Trawler double cathead. Crane: Hose booms. Genset(s): 1 - 60kW
/ GM6-71, 1 - 10kW / Lister, 1 - 3.5kW / Lister. 10,000,000BTU/h heater (no
longer operating). Double bottom/single side. Last used in molasses
service. Sold to present owners through Marcon. Not officially for sale, but
we may be able to develop out of competition. U.S. West Coast.
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 flag. GRT: 2,580. NRT: 2,578. Class: Transport Canada
Class A Oil Barge (Cargo Below 60C) all certs expired / laid-up.
Deadweight: 2,578T. Watertight 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. Modern steel construction tank barge
with deep push notch. 16 cargo tanks each with one pump.
Four separate discharge systems. Capable of closed loading and
vapor recovery. Bow thruster. Overfill tanks separate from main
cargo tanks. Overfill alarms & protection system on each cargo
tank. Quality control lab. Rising stick fill indicators. Reportedly
very good condition. Keen Seller. Call Marcon for details and
price. Canada West Coast.
www.marcon.com
12
File: TB31000 Tank Barge – Inland: 297.5' loa x 55.0'
beam x 13.0' depth. Built in 1980 by Decatur, AL. U.S.
flag. GRT/NRT: 1,713. USCG COI exp. Jan 2015.
Capacity: 31,000bbl. Tanks: 8. FO: 1,000. Genset(s): 2 GM 8-71. Single Skin. Grade A and Lower cargoes. Last
DD July 2012. Reportedly in excellent shape and
possible candidate for conversion to deck barge. For
more information contact Marcon. U.S. Northeast.
December 2014.
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. U.S. Northeast.
16.0' depth x 12.00' draft. Built in 2001 by China. St
Vincent/Grenadine flag. Class: DNV + 1A1 Barge for oil.
Unrestricted Navigation expired. 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 tug belonging to owners.
Double bottom only. 12 segregated tanks. Southeast Asia. Prompt.
21.4' depth x 15.00' draft. Built in 1967 by Allied Shipbuilders, Ltd.
Canada flag. GRT: 3,261. NRT: 3,254. Canadian Loadline.
Deadweight: 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. Prompt.
File: TB06572 Tank Barge – Ocean: 124.7' loa x 44.4' beam x 10.0' depth x
7.55' loaded draft. Built in 1979 by Yokohama Shipyard Ltd.; Japan. Bahrain
flag. GRT: 419. NRT: 278. Class: ABS + A1, Oil Tank Barge <F.O. 60 deg C.
Unrestricted Service. Special Survey Hull 7 due 31 May 2014. Deadweight:
816T. Light Displacement: 269T. Rake(s): Double. Tanks: 4. FO: 650T. BW:
231.42m3. Pumps: GS: 25m3/h; Cargo: 2 @200m3/h. Bower anchor(s).
Wire/Chain Capacity: 480m. Wire/Chain Dia.: 22mm. Windlass: 2T x 6m/min.
Crane: 2 - 0.9T jib hose booms. Genset(s): 1 - 5kVA / Mitsubishi. Fuel oil
barge. Capacity: 1,044.84m3 cargo. Two manual hose reels. Oily water
separator 1m3/h. Mid-East.
www.marcon.com
13
Highlighted Tankers Direct From Owners
File: TA01798 Double Hull Tanker - Product: 228.4' loa x 39.4' beam x 19.7' depth x
13.91' loaded draft. Built in 2010 by Modest Infrastructure Ltd; Mumbai. Isle of Man
flag. GRT: 1,350. Class: BV I, Oil Tanker ESP, flash point >60 deg C, AUT-UMS,
Unrestricted Nav, Strengthened bottom. SS due 09/2015. Deadweight: 1,798T. Light
Disp.: 737mt. FO: 64m3. FW: 46m3. BW: 935MT. Crane: 1T @ 18m. Main Engines: 2
x CAT C18 total 1,200BHP. 2 - FP prop(s). Endurance: 10 days. Bowthruster 150kW.
Speed about 9-10kn on 3.5MTpd. Pump(s): Cargo: 3 - 250m3/h Blackmer; BW: 2 @
150m3/h Desmi. Genset(s): 2 - 275kW / CAT 50Hz; 1 - 103kVA / Emergency.
Quarters: 9 berths. Galley. Double hull MARPOL tanker. 1,824m3 liquid cargo (95%)
in 10 Interline 704 and Intershield 300 coated tanks. 200m3 MGO in two tanks and
1,528m3 HFO in eight tanks. 2 - 35m3 slop tanks. SBT protective. Wanson thermal
fluid 400B boiler. Whessoe tank monitoring. Hull structure has been designed for
sitting on ground at full load condition. Further technical details, small scale
drawing and class survey status on request. U.K.
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 information on these and other vessels and barges can be found on our website.
We are also interested in receiving information on any vessels or barges surplus to your requirements and available for either sale or
charter on a published or private & confidential basis. Since 1981, Marcon has sold 85 ocean tank barges totaling 6,618,004bbl, 61 inland
tank barges totaling 977,848bbl, two tankers and one LPG carrier.
www.marcon.com
14

June 2014 - Marcon International, Inc.

Transcription

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