Latest news with #TrailingSuctionHopperDredger
The Hindu
18-05-2025
- Business
- The Hindu
40% of ‘India's largest, most advanced dredger' completed at Cochin Shipyard
About 40% of 'DCI Dredge Godavari', said to be India's largest dredger, has been completed at Cochin Shipyard Limited (CSL), sources from the Visakhapatnam-headquartered Dredging Corporation of India Limited (DCI) said on Sunday (May 18). The keel of the vessel, being built in collaboration with Royal IHC, the Netherlands, was laid in September 2024. As per the provisional schedule, CSL is likely to launch the vessel on July 20. This means that it will now start making the vessel ready for trial by installing the needed machinery. Once this is completed, the vessel will be ready for delivery to the owner (DCI-Visakhapatnam) for its operations. Once commissioned, the dredger would be the most technologically advanced dredger ever built in India. Built for DCI, this Trailing Suction Hopper Dredger (TSHD), with a hopper capacity of 12,000 cubic metres, is a major initiative under the Government of India's 'Aatmanirbhar Bharat' initiative, thereby increasing the capacities of all major ports in India as envisaged under the Maritime India Vision (MIV-2030). TSHD is a self-propelled ship designed to dredge materials from the seabed while sailing. It utilises a trailing suction pipe with a drag-head at the end to suck up material and transport it in a hopper. TSHDs are versatile and used for various projects like deepening waterways, land reclamation and port construction. 'About 40% of the construction work has been completed at the CSL-Kochi. The provisional commissioning of the vessel [will be done on] July 20, 2025. We expect the vessel to be handed over to us by December 2025 or January 2026. The cost of the vessel is around ₹950 crore,' a DCI official told The Hindu on condition of anonymity. The DCI Dredge Godavari will be a prestigious asset of the country and an important milestone in India's maritime capabilities, the official added. The keel for DCI Dredge Godavari was laid virtually by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal in 2024. The event was also attended virtually by a team of Royal IHC of the Netherlands, a world leader in dredger design and construction, which provided design and technical support. 'The 127-metre-long and 28-metre-wide vessel is being built on the globally acclaimed 'Beagle' platform of Royal IHC. It is being customised to meet all Indian requirements and is expected to be a great help for the Centre's port-led development initiatives,' the DCI official said.
Yahoo
11-03-2025
- Business
- Yahoo
Dredging Market Analysis, Size and Growth Outlook 2025-2029 & 2034 - Rising Global Trade and Energy Sector Demand Propel Dredging Market to New Heights
Dredging Market Dublin, March 11, 2025 (GLOBE NEWSWIRE) -- The "Dredging Market Report 2025" has been added to offering. The dredging market size has grown steadily in recent years. It will grow from $12.84 billion in 2024 to $13.28 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to early port development, coastal protection initiatives, canal construction, mining and material extraction, river and waterway maintenance. This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Asia-Pacific was the largest region in the dredging market share in 2024. The dredging market size is expected to see steady growth in the next few years. It will grow to $15.89 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to government infrastructure spending, tourism and recreation investments, remediation and waste management, trade route expansion, global infrastructure projects. Major trends in the forecast period include port expansion and maintenance, coastal protection and climate change, infrastructure development, river restoration and flood growing seaborne trade is expected to drive the expansion of the dredging market in the coming years. For example, in June 2023, a report from the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, indicated that maritime trade is projected to grow by 2.4% in 2023. Additionally, from 2024 to 2028, maritime trade is expected to expand at a rate exceeding 2% annually. As a result, the rise in waterborne trade is fueling the growth of the dredging growing demand in the oil and gas industries is anticipated to drive the growth of the dredging market in the future. For example, in October 2023, the US Energy Information Administration, a federal statistical system for collecting, processing, and disseminating energy data, reported an increase in U.S. crude oil production to 12.4 million barrels per day (b/d) in 2023, up from the record high of 11.7 million b/d in 2022. Additionally, in September 2022, the U.S. consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d), marking the highest annual consumption of natural gas in the U.S. compared to the previous year. Thus, the rising demand in the oil and gas industries is fueling the growth of the dredging innovations have become a significant trend gaining traction in the dredging market. For example, in May 2022, Damen Shipyards, a subsidiary of the Netherlands-based Damen Holdings, unveiled its new Trailing Suction Hopper Dredger (TSHD) series, which ranges from 800 m to 5,000 m. These dredgers are noted for their operational efficiency, ease of maintenance, and customization for specific dredging tasks. A distinguishing feature is their use of self-propulsion during the excavation of materials from a borrow area, allowing them to transport the dredged material to the placement players in the dredging market are emphasizing product launches, such as dredging pumps, to boost revenues within their sector. For instance, in April 2023, Jiangsu River Heavy Industry Co. Ltd., a China-based manufacturer of river dredging equipment, launched a new dredging pump. This dredge pump is engineered to clear silt from rivers, lakes, and harbors and features an impeller and wear-resistant components, enabling it to handle various materials while maintaining optimal performance. The innovative technology of this product allows for quicker and easier operation in both shallow and deep waters. In comparison to other models, its straightforward setup ensures faster maintenance, requiring less time for repairs or February 2023, J.F. Brennan Company, Inc., a US-based specialty marine contracting firm, acquired the dredging and dewatering division of Infrastructure Alternatives, Inc. (IAI) for an undisclosed sum. This acquisition enables Brennan to offer dewatering, water treatment, and treatability testing services for the first time, thereby enhancing its capabilities in nationwide remediation efforts and improving the quality of waterways and the environment. Infrastructure Alternatives, Inc. (IAI) is a US-based company that provides specialized services focused on environmental remediation, dredging operations, and dewatering solutions. Report Scope Markets Covered:1) by Type: Dipper; Water Injection; Pneumatic; Bed Leveler; Other Types2) by Application: Trade Activity; Trade Maintenance; Energy Infrastructure; Urban Development; Coastal Protection; Leisure3) by End User: Oil and Gas Companies; Mining Companies; Renewables; Other End UsersSubsegments:1) by Dipper: Clamshell Dredgers; Bucket Dredgers2) by Water Injection: Water Injection Dredgers; Hydraulic Dredgers3) by Pneumatic: Suction Dredgers; Airlift Dredgers4) by Bed Leveler: Leveling Dredgers; Grading Dredgers5) by Other Types: Cutter Suction Dredgers; Auger Dredgers; Trailing Suction Hopper DredgersKey Companies Profiled: Royal Boskalis Westminster NV; Van Oord NV; Dredging Environmental and Marine Engineering NV; Jan De Nul NV; Great Lakes Dredge & Dock CorporationRegions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; SpainTime Series: Five years historic and ten years Ratios of market size and growth to related markets, GDP proportions, expenditure per Segmentation: Country and regional historic and forecast data, market share of competitors, market Attributes Report Attribute Details No. of Pages 200 Forecast Period 2025-2029 Estimated Market Value (USD) in 2025 $13.28 Billion Forecasted Market Value (USD) by 2029 $15.89 Billion Compound Annual Growth Rate 4.6% Regions Covered Global Some of the major companies featured in this Dredging market report include: Royal Boskalis Westminster NV Van Oord NV Dredging Environmental and Marine Engineering NV Jan De Nul NV Great Lakes Dredge & Dock Corporation National Marine Dredging Company Hyundai Engineering and Construction Co. Ltd. Penta-Ocean Construction Co. Ltd. TOA Corporation Weeks Marine Inc. Harbour Engineering Company Ltd. Cottrell Contracting Corporation Amrut Dredging and Shipping Ltd. Cashman Dredging Inc. Callan Marine Ltd. China Communications Construction Company Limited China Harbour Engineering Company Ltd. Manson Construction Co. Orion Marine Group CCCC Dredging Company Ltd. Gulf Cobla LLC J.F. Brennan Company Inc. Dredging Corporation of India Limited Great Lakes Dock and Materials LLC Royal IHC Dredging International NV Dredging and Maritime Management SA Heinrich Hirdes GmbH International Seaport Dredging Private Ltd. Irish Dredging Company Ltd. Middle East Dredging Company Mijnster Zand- en Grinthandel BV Mordraga LLC Royal Smals BV For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Dredging Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
