Dredging

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Cashman Dredging announces design contract to expand hopper dredge fleet

Cashman Dredging and Marine Contracting Co., Quincy, Mass., announced the execution of a design contract with IHC America Inc. for a new 6,500 cubic yard trailing suction hopper dredge. The new vessel will complement Cashman Dredging’s current fleet of specialized dredging equipment and will primarily service the coastal protection and navigation maintenance markets when it enters service in 2024. (No other specifications, equipment or equipment manufacturers were announced.)

 

 

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Dredging industry looks for a revival in government contracts: Fact.MR study

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.

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Chinese dredging company sees real value in Wärtsilä service agreement

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.

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