# Marcon releases new tank barge market report - DredgeWire : DredgeWire

> Marcon International's latest tank barge market report says inflation is pushing up costs across the commercial marine sector, with US newbuilding costs up roughly 40-50% from November 2021 to March 2022. Shipbroker commentary notes that oil prices have risen since the Russian invasion of Ukraine.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/41594-marcon-releases-new-tank-barge-market-report-dredgewire-dredgewire
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher vessel and operating costs in US petroleum barging feed into freight rates for liquid cargoes, with limited direct effect on feed ingredient prices.

## Read by commodity

- WTI: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | -4.2% | -10.1% |
| WTI | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -10.9% | -2.6% |
| WTI | 2023-03-01 | [Oil Market Report - February 2023](https://feedsoft.ai/events/37512-oil-market-report-february-2023.md) | +2.0% | -4.9% |
| WTI | 2024-01-23 | [Oil Market Report - December 2024 – Analysis - IEA](https://feedsoft.ai/events/32023-oil-market-report-december-2024-analysis-iea.md) | +2.5% | +4.4% |
| WTI | 2020-07-30 | [Comparative Analysis of Monthly Reports on the Oil Market](https://feedsoft.ai/events/52263-comparative-analysis-of-monthly-reports-on-the-oil-market.md) | +2.6% | +5.1% |

## Sources

- dredgewire.com: https://dredgewire.com/marcon-releases-new-tank-barge-market-report/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.