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So far in 2017, we have recorded seven sales and we have several more pending. Marcon ended 2016 with passing the 1,000,000BHP sold or chartered in tugs milestone with its 19th and final transaction of the year. One 5,000HP ASD tug continues to be fixed on previously arranged long-term charter in Latin America. Looking back over the past 36 years, we have averaged about 40 sales/charters per year.

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I have always believed in a version of the trickle-down theory, at least in tracking markets, by starting at the top to follow a Reader’s Digest summary of global growth and trade down to transportation, utilization and earnings. All indicators will never totally agree, but they give an overall view of what’s happening, although with the standard stock broker’s disclaimer  "historical and current performance is not necessarily an indication or guarantee of future performance".

Wednesday, August 16, 2017 - To provide more complete coverage of U.S. crude oil and natural gas production, the EIA has expanded its Drilling Productivity Report (DPR) to cover the Anadarko Region, which encompasses most of the production from the Anadarko Basin in 24 counties in Oklahoma and 5 counties in Texas.

Friday August 11, 2017 - July 2017’s month-end prices ended on an upswing compared to June’s, with year-over-year prices within 10.14% to 25.71% compared to July 2016.

Wednesday, August 09, 2017 - Forecasters are now predicting a higher likelihood of an above-normal season, and they increased the predicted number of named storms and major hurricanes. The season has the potential to be extremely active, and could be the most active since 2010.

Tuesday, August 08, 2017 - EIA forecasts that global petroleum and liquid fuels inventories will be largely unchanged in 2017 and then increase by an average of 0.2 million b/d in 2018.

Monday, August 07, 2017 - Baker Hughes, a GE Company (NYSE:BHGE) announced that the international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and down 22 from the 226 counted in July 2016. The average U.S. offshore rig count for July 2017 was 22, same as the 22 counted in June 2017 and up 2 from the 20 counted in July 2016.

Friday, August 04, 2017 - The Department of Atmospheric Science at Colorado State University maintains their forecast for above-average Atlantic hurricane activity in 2017.

Tuesday, July 25, 2017 - The World chokepoints for maritime transit of oil are a critical part of global energy security. About 61% of the world’s petroleum and other liquids production moved on maritime routes in 2015. The Strait of Hormuz and the Strait of Malacca are the world’s most important strategic chokepoints by volume of oil transit.

Monday, July 24, 2017 - IMF still projects global growth projected at 3.5% in 2017 and 3.6% in 2018. U.S. growth projected at 2.1% for 2017 and 2018.

Monday, July 17, 2017 - The U.S. Coast Guard is issuing a new task to the Towing Safety Advisory Committee (TSAC). The U.S. Coast Guard is asking TSAC to help the agency identify existing regulations, guidance, and collections of information (that fall within the scope of the Committee’s charter) for possible repeal, replacement, or modification. This teleconference will be open to the public.

Monday, July 17, 2017 - The Coast Guard announced in the Federal Register July 14, 2017, the availability of Change2 to the Marine Safety Manual (MSM), Volume III, Marine Industry Personnel, and the corresponding Commandant Change Notice that highlights the changes made to that manual.

Monday, July 17, 2017 - The U.S. has historically had a very strong transportation system. This basic advantage to be able to competitively source and deliver goods and raw materials is slipping as infrastructure maintenance and improvements fall behind, and funding diminishes at the state and federal levels

Thursday, July 06, 2017 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $46.5 billion in May, down $1.1 billion from $47.6 billion in April, revised.

Thursday, June 29, 2017 - U.S. real gross domestic product increased at annual rate of 1.4% in first quarter 2017 according to "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter 2016, real GDP increased 2.1%.

Wednesday, June 14, 2017 - The Coast Guard Office of Commercial Vessel Compliance has issued Policy Letter 17-03: Phase-In Period for Existing Towing Vessels Using the TSMS Option Under Title 46, Code of Federal Regulations (CFR) Subchapter M.

Thursday, May 25, 2017 - The CPB World Trade Monitor shows that the volume of world trade increased 1.5% in March, having decreased 0.8% in February. World industrial production grew 0.3% monthonmonth and grew 0.6% in 2017Q1 (1.2% in 2016Q4).

Thursday, May 25th, 2017 - McKeil-Malaspina Ltd. of Burlington, Canada have sold their 300’ x 90’ x 20’ ocean ballastable deck barge "MM-300" to foreign private buyers.

Monday, May 15, 2017 - For 2016, EIA estimates that OPEC earned about $433 billion in net oil export revenues. This represents a 15% decline from the $509 billion earned in 2015.

Tuesday, May 09, 2017 - After commissioning, passing hovering trials and a champagne christening, the world’s largest hover barge "Ghost" with its 9,000ft2 clear deck and 450 tonne payload capacity is operational and now ready-to-work. Marcon International, Inc. has been appointed as exclusive broker. (MB21082)>>>

Wednesday, May 10, 2017 - Kazakhstan, an oil producer since 1911, has the second-largest oil reserves and the second-largest oil production among the former Soviet republics after Russia.

Wednesday, April 26, 2017 - Malaysia is the world’s third-largest exporter of liquefied natural gas, the second-largest oil and natural gas producer in Southeast Asia, and strategically located amid important routes for seaborne energy trade.

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Marcon International, Inc. P.O.Box 1170, 9 NW Front Street, Coupeville, WA 98239 USA
Phone:360-678-8880 | Fax: 360-678-8890 | email
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