Page 41: of Maritime Reporter Magazine (March 2001)
U.S. Tank Barge Market Report
Since January 2000 there has been a decrease in the total number of inland tank barges listed for sale. Prices for inland tank barges have increased an average of 10 percent over last year for barges under 10,000 bbl capacity.
Barges over 10,000 bbl have increased about 14 percent. Asking prices for inland barges in general are ranging around $14-24 per barrels for working units with most sales ranging from $10 - $15/ bbl depending on condition and age. Most of the inland barges for sale are single skin units averaging about 37 years in age with the oldest being built in 1941.
Prices for ocean tank barges under 20,000 bbl have increased an average of 13.3 percent over the year 2000, while prices for larger size units have remained relatively stable. Most of these are single skin. Although there are few U.S. flag ocean tank barges current- ly listed, values seem to be ranging about $30 - $40/bbl for good tonnage with life remaining before their OPA 90 retirement dates. Most of the newer barges for sale, with one exception, are foreign-flagged, single skin and located in the Far East.
Halter Marine, Inc., has signed a con- tract with Vessel Management Services,
Inc., of Seattle, Wash., for the construc- tion of a 150,000-bbl, oceangoing, dou- ble-hulled articulated tug-barge (ATB), with options for up to five additional units. The barges will be built at Halter's
Port Bienville shipyard in Pearlington,
Miss., and the tugs at its Moss Point
Marine shipyard, in Escatawpa, Miss.
Maritrans Operating Partners has obtained a patent on its process for rebuilding single hull tank vessels with internal double hulls. Together with the
Houston-based naval architecture firm
Schuller & Allan, Maritrans developed a double-hull manufacturing process to rebuild single-hulled tank vessels with the double hulls required by OPA 90.
The process uses computer-assisted design for fabricating modular internal hull sections. In 1998, Maritrans com- pleted the rebuilding of the 10,549-gt tank barge Maritrans 192 (formerly
Ocean 192), which was the first large single hull tank vessel rebuilt with a double hull to meet OPA's standards. In 2000, Maritrans completed rebuilding 16,021 GRT tank barge Maritrans 244 (formerly Ocean 244). Both vessels, now in compliance with OPA 90, are in service transporting petroleum products in the Gulf of Mexico. Maritrans' patent now grants Maritrans the right to exclude others from practicing its pro- tected process. Stephen A. Van Dyck, chairman and CEO commented, "Mari- trans' reputation as an industry leader is confirmed by our substantial financial investment into the initial rebuild process design and in the Maritrans 192 pilot project. By obtaining patent protec- tion for our internal rebuilding process,
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March, 2001 www.maritimetoday.com 41