Despite sluggish returns in 2020 due to unprecedented COVID-19 outbreak, the global dredging market is expected to report 3.3% YOY growth in 2021, a significant improvement over 3.5% y-o-y exhibited in 2020, finds Fact MR in a new study. The overall growth outlook remains positive, especially as applications in trade activity, maintenance, and urban development among others continue to rise. The market will vastly gain with demand in government sector rising. Fact MR in a new study has forecast government to account for over 43% of overall share through 2031.

The technology group Wärtsilä has signed a 5-year long-term service agreement with Nanjing Changjiang Waterway Engineering, a leading Chinese dredging company. The agreement, signed in December 2020, covers the ‘Chang Jing 9’, a 13,800 cubic metre trailing suction dredger and the latest addition to the company’s fleet.

Klaipeda State Seaport Authority says it has signed the contract for the dredging works of the shipping canal up to 15 meters. The European Union assigned 17.3 million euros to implement the project. The works will be performed by the Danish company Rohde Nielsen A/S. It is not the first big project implemented by the Danes in Klaipeda Port – Rohde Nielsen A/S was deepening and improving the call canal in 2011-2013. It is the world-known dredging company that has implemented large products in Denmark, Brazil and Australia in the recent years.

The U.S. dredging fleet is growing. Presently on order and under construction is a raft of in-demand equipment that will help to keep America’s ports and waterways open, safeguard coastal communities and maintain the vital flow of maritime commerce to, from and through the U.S.

Orleans County will be part of future dredging projects to build resiliency of communities along Lake Ontario and the St. Lawrence River, according to an announceent from Gov. Andrew Cuomo’s office.

The officials are planning to remove about 22,000 cubic metres of silt in order to increase the Parrett’s capacity to carry flood water.