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.
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.
To Request a Sample of our Report on US Dredging Hose Market: https://www.omrglobal.com/request-sample/us-dredging-hose-market
US Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
A full Report of China Dredging Hose Market is Available @ https://www.omrglobal.com/industry-reports/us-dredging-hose-market
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
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-dredging-hose-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
