Page 12: of Marine News Magazine (May 2019)

Inland Waterways

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BY THE NUMBERS ucts produced, will be shipped by water for domestic up production costs by 2%-3% annually. This in turn consumption and exports. Without Towboats and Tug- will have a negative effect on Tug producers net operating boats these products could not be moved. margins, which typically are less than 5%. Tariffs also will increase the cost of imported products such as deck gear.

T W The report contains much more detail about produc-


A negative for the industry is tariffs. Steel represent ap- tion by vessel type, prices, producer market shares, com- proximately 25% of a typical Tug’s production costs. The petitor pro? les, prices and forecasts. In addition, to data

Trump administration’s imposition of a 25% tariff on im- and analysis about the industry, the report contains 19 ported steel and aluminum in 2018 is expected to drive ? gures and 21 tables.

U.S. Cumulative Announced Chemical Industry Investments from Shale Gas (Number of Projects, $ Billions): 2010-2018

Source: American Chemistry Council

U.S. Petrochemicals Production by Product Category (Million lbs./Day, CAGR): 2012-2022

Source: Petral Consulting Company, Eikon, GlobalData

To See more:

Amadee+Company / E-mail: [email protected] / 305-450-1875

May 2019

MN 12

Marine News

Marine News is the premier magazine of the North American Inland, coastal and Offshore workboat markets.