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Marcon: CARB places a crimp on tug gross sales into California

marinesalvage by marinesalvage
November 20, 2023
in News
0
Marcon lists this tugboat
Marcon lists this tugboat

Tugs Marcon at the moment lists embody this 105-foot x 30-foot twin-screw. Built by Halter Marine in 1976 and rebuilt in 1998, it has a USCG COI and ABS loadline certificates issued in June 2022.

Coupeville, Wash., shipbroker Marcon International Inc. has issued its newest tug market report and says that gross sales and buy exercise has been brisk, with quite a few tugs altering palms through the previous quarter of 2023.

Marcon’s involvement within the home U.S. market has included promoting a U.S.-flag 136-foot LOA 1978 McDermott Shipyard constructed 5,750B HP tug from U.S. West Coast homeowners previously month, in addition to a U.S.-flag 1,300 BHP tug in Alaska and a Tier 3, 2,200BHP U.S.-flag tug from the U.S. Gulf to new homeowners for employment in U.S. Northeast wind farm help work. The agency has a number of choices remaining within the U.S. market, together with a 4,400 BHP twin screw ocean tug thath has simply accomplished its 5 yr dry-docking for ABS and USCG, and is able to go along with full refurbishment alsocompleted.

“We also have a few smaller construction / dredge support tugs which can be developed, but we are finding it difficult to move tonnage into the expected high demand of the California dredge and marine construction markets at this time,” says Marcon. “This is mainly due to CARB (California Air Resource Board) requirements. The current CARB requirements appear to insist any and all newly imported vessels into the California market will now require Tier 4 main engines to enter that potentially lucrative market. Tier 2 is being phased out at the end of 2023, but instead of allowing Tier 3 tonnage to be brought in, CARB has declared that all new imports into the market shall be Tier 4 (which was not technically required until phasing out of the Tier 3 at the end of 2027). This has stymied many acquisition possibilities for owners and operators looking to continue their service in the Golden State, and may portend a day of reckoning when there are not enough acceptably tiered tugs to service the demand in that region.”

Of the 13,322 vessels and three,757 barges that Marcon tracked as of May 2023, 5,184 are tugs with 316 formally in the marketplace on the market worldwide, down 249 or 44.07% from one yr in the past, May 2022, and down 93 or 22.74% from May 2018. 95.51% of U.S. and 36.12% of international tugboats on the market are direct from homeowners. 52 or 16.46% of the tugs worldwide, primarily international flagged, had been constructed throughout the final 10 years, or are newbuilding re-sales or are at the moment underneath development – in comparison with 19.80% one yr in the past and 35.04% 5 years in the past. On the opposite facet of the coin, 53 (16.77%) are over 50 years of age, with 5 of these over 75 years outdated. Eight don’t have any age listed. The oldest tug Marcon at the moment has listed is a 1940 constructed 122 foot LOA, 1,950 BHP single screw tug situated on the U.S. Great Lakes. This “old lady” is balanced by two twin screw tug newbuild resales for supply within the U.S. in 2023 and 2024.

  • Download the full Marcon report, including listings of tugs currently on sale

Source of This New

Tags: California Air Resource BoardCARBmarconMarcon Internationalshipbrokertugtug market
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