Pushboats presently provided available for sale by Marcon include this 73 feet 6 in lengthy vessel initially constructed in 1954 as well as ultimately rebuilt as well as repowered. [IMAGE: Marcon International]
Coupeveille, Wash., based shipbroker Marcon International had 57 U.S.-flag pushboats provided available for sale since May, yet reports no sales so far this year– mirroring an S&P market that, it claims, has actually been having a harsh flight.
The company has actually simply released its most currentInland Pushboat Market Report Of the 779 inland river pushboats that the company presently tracks, 73 were formally on the marketplace available for sale (57 UNITED STATE flag as well as 16 international flag) sinceMay Seven of the watercrafts whose ages are provided were constructed within the last 10 years; 38 watercrafts are forty-five years old or older. The earliest provided was constructed in 1944, a 76-foot, 1,110 bhp vessel in the UNITED STATENorthwest This is counteracted by a 2019-built, 56-foot, 1,500 bhp UNITED STATE flag pushboats situated in the UNITED STATENorthwest Marcon likewise has 10 inland river pushboats provided for charter– 6 UNITED STATE as well as 4 international.
The variety of pushboats formally on the marketplace available for sale is down 25, or 25.77%, from Marcon’s last record released in August 2019.
Marcon keeps in mind that it presently has actually no pushboats provided with horse power above 5,000 hp, mirroring that greater horse power devices are functioning continually regardless of the present occasions.
The complete record explains on the age account of the vessels presently supplied, keeping in mind that, in the meantime, just 9.59% of the press watercrafts offered are much less than ten years old, up from the 7.37% reported one year ago as well as from the 7.46% reported 5 years earlier.
Most of the inland river pushboats Marcon has actually provided available for sale lie in the UNITED STATE with 55 vessels or 75%; complied with by 9 or 12% in Europe, 3 with “undisclosed” place, 2 in the Caribbean as well as one each in Canada, the Far East, Latin America as well as the Mid East.
Marcon’s Market Comments
“Pushboats need barges to push,” notesMarcon “It shows up that there are lots of intrude the marketplace, yet whether they require to be pressed anywhere, or otherwise, will certainly have an impact on the need for tonnage. Currently Marcon does not have any type of sales of pushers to report, as well as the sale as well as acquisition market remains to be having a difficult flight– at the very least on the completely dry freight side of the marketplace.
“During the first quarter of 2020, we saw in the inland river systems of the United States an expected drop in freight activity due to the effects of the COVID-19 shutdowns, decreasing consumer demand domestically and decreased manufacturing output. All of these had a major impact on the entire dry market segment. The record setting flooding during 2019 (292 days lasting from Spring through mid-August was unprecedented), and this 2020 season has started out similar to 2019 causing fears of a repeat of last year’s difficulties. High water levels and spring flooding will always have an impact on the market, which also delay plantings, causing reduced demand for fertilizer heading north in the early part of the year. This current season’s sustained high-water conditions have already made it difficult to move cargo and there have been additional delays caused by unplanned closures. Delays to infrastructure projects have also helped to trigger overcapacity, which can be an impetus for consolidation and buyouts. All of this continued downward trending activity will only lead to more idling of equipment and a corresponding fallout of demand.”
Download the complete record 20 web page record HERE.
