# High Marine Asset Values Are A Blessing, But Don’t Ignore The Challenges! - The Waterways Journal

> Steel plate prices in the US Gulf have roughly doubled over the past year, from about $0.40/lb to $0.90/lb. Newbuild prices for open jumbo hopper barges have risen from under $500,000 to over $1 million, and scrap values have also climbed.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/44238-high-marine-asset-values-are-a-blessing-but-don-t-ignore-the-challenges-the
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher barge replacement costs make it more expensive to add or repair inland capacity, which can keep barge freight rates elevated for grain and fertilizer movements.

## Read by commodity

- BARGE: bullish ▲

## Sources

- waterwaysjournal.net: https://www.waterwaysjournal.net/2021/11/26/high-marine-asset-values-are-a-blessing-but-dont-ignore-the-challenges/

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