US Dredging Hose Market Size, Share & Trends Analysis and Forecast 2020-2026

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.

Get Sample Copy of US Dredging Hose Market at: https://www.omrglobal.com/request-sample/us-dredging-hose-market

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.

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.

For More Information, get A full report of US Dredging Hose Market is available at: https://www.omrglobal.com/industry-reports/us-dredging-hose-market

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.

Market Segmentation

US Dredging Hose Market by Type

• Floating Dredge Hose
• Non-Floating Dredge Hose

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-dredging-hose-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

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.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.