GETWAB

02 / Market Size

How large is the PSC V124 federal market?

Net obligations$11.37B
Contract actions7,140
Vendors224
Federal customers20
Contracting offices72
Average action$1.59M
Largest action$103.22M
Data coverageFY 2019–FY 2025

03 / Spending Trend

PSC V124 contract spending by fiscal year

Annual obligations, activity, and participation across the same FY 2019–FY 2025 profile window.

Latest closed fiscal year$1.82B
FY 2025
Fiscal yearObligationsActionsVendorsCustomersChange
FY 2019$1.51B1,0429611
FY 2020$1.52B1,24110315+0.4%
FY 2021$1.26B8559913−17.1%
FY 2022$1.56B1,1548714+24.5%
FY 2023$1.91B969789+21.9%
FY 2024$1.80B9328113−5.6%
FY 2025$1.82B947829+1.0%

04 / Top Federal Customers

Which federal agencies buy most in this industry?

Ranked by net obligations during FY 2019–FY 2025.

Federal customerCodeObligationsActionsVendorsMarket share
DEPT OF THE NAVY1700$11.34B6,59812999.8%
U.S. COAST GUARD7008$14.03M218230.1%
BUREAU OF INDIAN AFFAIRS1450$3.63M8140.0%
DEPT OF THE ARMY2100$2.50M630.0%
DEPT OF THE AIR FORCE5700$2.28M850.0%
NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION1330$1.49M43210.0%
NATIONAL PARK SERVICE1443$1.44M62130.0%
ENVIRONMENTAL PROTECTION AGENCY6800$539.9K620.0%
US GEOLOGICAL SURVEY1434$519.1K25110.0%
U.S. FISH AND WILDLIFE SERVICE1448$353.5K1770.0%

05 / Contracting Offices

Which contracting offices buy in PSC V124?

Ranked by net obligations during FY 2019–FY 2025.

06 / Top Vendors

Which contractors lead the PSC V124 market?

VendorObligationsActionsCustomersMarket shareLatest activity
CROWLEY TECHNICAL MANAGEMENT, INC.$1.69B510114.9%Sep 30, 2025
PATRIOT CONTRACT SERVICES, LLC$1.67B441114.7%Sep 26, 2025
U.S. MARINE MANAGEMENT, INCORPORATED$1.37B464112.1%Sep 26, 2025
OCEAN SHIPS, INC.$1.26B521111.1%Sep 30, 2025
HORNBECK OFFSHORE OPERATORS, LLC$660.13M27115.8%Sep 29, 2025
SCHUYLER LINE NAVIGATION COMPANY, LLC$475.58M19114.2%Sep 26, 2025
SEALIFT INC OF DELAWARE$459.05M24714.0%Sep 30, 2025
AMERICAN PETROLEUM TANKERS LLC$414.31M4813.6%Aug 19, 2025
TOTE SERVICES, INC$413.55M21313.6%Sep 29, 2025
TRANSOCEANIC CABLE SHIP COMPANY LLC$374.94M9113.3%Sep 24, 2025

07 / Industry Mix

What industries are purchased under PSC V124?

NAICSDescriptionObligationsActionsVendorsShare
483111DEEP SEA FREIGHT TRANSPORTATION$10.40B4,21610691.5%
483113COASTAL AND GREAT LAKES FREIGHT TRANSPORTATION$396.56M142103.5%
488330NAVIGATIONAL SERVICES TO SHIPPING$367.17M718283.2%
483112DEEP SEA PASSENGER TRANSPORTATION$151.44M189231.3%
488390OTHER SUPPORT ACTIVITIES FOR WATER TRANSPORTATION$29.56M1,527190.3%
483114COASTAL AND GREAT LAKES PASSENGER TRANSPORTATION$5.82M94180.1%
561510TRAVEL AGENCIES$3.62M7840.0%
481111SCHEDULED PASSENGER AIR TRANSPORTATION$3.58M820.0%
483211INLAND WATER FREIGHT TRANSPORTATION$2.21M530.0%
541690OTHER SCIENTIFIC AND TECHNICAL CONSULTING SERVICES$1.67M1820.0%

08 / Buying Pattern

How does the government buy in PSC V124?

Competed40.9%2,918 actions
Competed under SAP38.2%2,725 actions
Not competed under SAP12.3%875 actions
Not available for competition7.4%526 actions
Other / unknown1.0%73 actions
Not competed0.3%23 actions
Other than small business share99.5%$11.31B
Small business share0.5%$58.43M
Common action typeObligationsActions
DEFINITIVE CONTRACT$9.77B3,791
DELIVERY ORDER$47.70M1,944
PURCHASE ORDER$1.55B1,322
BPA CALL$1.39M83

09 / Recent Contract Awards

What was awarded most recently in PSC V124?

10 / Market Interpretation

How should contractors evaluate this market?

01

Start with the spending direction

Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.

02

Follow the actual buyers

Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.

03

Measure accessible demand

Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $11.37B market as addressable.