Barge Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019

Barge Market Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019

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Recent oil discoveries in Venezuela and West African countries coupled with increasing investments pertaining to the development of small ports and canal systems have fuelled the barge market globally. Many leading barge manufacturers have achieved record earnings driven primarily by strong marine fuel sales. Barge manufacturing companies are revamping their barge facilities to add more production slots. Today numerous shipping companies maintain a fleet of barges for moving materials of varying sizes from large ships. Browse Full Report with TOC: http://www.transparencymarketresearch.com/barge-market.html Segmentation of the barge market can be done on the basis of technology, applications and geography based on both manufacturing facility and end user locations. Depending upon the technology employed, barges may be classified as unpowered or powered barges. The unpowered barges move according to the water current or use a tugboat to drag it across the water channels. In this case both the first mate and the captain remain in the tugboats, as the tugboat provides power and steers the barge. On the other hand powered barges are self propelled and do not require a tug boat’s assistance. On self propelled barges the captain and the first mate are on the barge itself.

Although power barges are costlier than their counterparts but they act as a faster mode of transportation. Power barges are moored in the harbors and may have a self contained step-up transformer. Gas turbines or diesel is used for the start-up operations. Some recently built power ships are fitted with...