The US dredging hose market is estimated to grow at a CAGR of nearly 3.1% during the forecast period. Rising investment in port dredging is contributing to the growth of the market. In April 2020, USACE provided a construction contract valued $97.9 million to Callan Marine, Ltd. This is intended to finish the second phase of the four-phase Corpus Christi Ship Channel Improvement Project. It enhances the channel depth from -47 feet Mean Lower Low Water (MLLW) to -54 ft MLLW and broadens the channel to 530 feet with an additional 400 feet of barge shelves.
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This awarded contract follows the Contract 1 completion, which GLDD finished on time in March 2020, deepening and widening the Corpus Christi Ship Channel (CCSC) from the Gulf of Mexico to Harbor Island. The Contract 2 will deepen and broaden the CCSC from Harbor Island to 2.7 miles past the LA Quinta Junction. In addition, it comprises Ingleside which is operated by the three major crude export marine terminal operators, such as Flint Hills Resources, Buckeye Partners, and Moda Midstream that will directly benefit.
Further, Callan Marine will provide service as a major contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal. It comprises the removal of 600,000 cubic yards of material and returning the landings to the required depth of 22’. The project was anticipated to start from 15th May 2020, and work is estimated to finish late July 2020. This shows that the US is significantly focusing to continue its marine infrastructure operations to further strengthen the global trade. This leads to the adoption of hoses which is equipped with dredgers and suitable for dredging sand and slurry.
Some prominent players in the market include Trelleborg AB, Royal Boskalis Westminster N.V., Townley Engineering & Manufacturing Co., Inc., Salem-Republic Rubber Co., and Parker-Hannifin Corp. For instance, in March 2018, Parker Hannifin Corp. introduced its HCR subsea hydraulic hose. It is particularly designed to withstand the collapse forces found in deep-sea hydraulic applications, which includes BOP stacks, subsea hydraulics, well stimulation, and hydraulic flying leads. This will enhance the company’s position in the line of dredging hose industry of oil sector.
US Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
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Company Profiles
- Able Hose & Rubber LLC
- Ace Hose and Rubber Company
- Nelco Marine
- NovaFlex Group
- Parker-Hannifin Corp.
- Royal Boskalis Westminster N.V.
- Salem-Republic Rubber Co.
- The G.W. Van Keppel Co.
- Townley Engineering & Manufacturing Co., Inc.
- Trelleborg AB
