IADC Publishes Dredging in Figures 2012
International Association of Dredging Companies IADC has announced its Dredging in Figures 2012. This is an annual review of the global dredging market. The document focusses on the global dredging and maritime construction industry over 2012.
The IADC aims to be thorough and precise in estimating the figures presented in this document. The statistics provided here are based on information from international sources as well as from IADC member companies.
MARITIME SOLUTIONS FOR A CHANGING WORLD
The worldwide need for maritime construction keeps changing and so do the technologies offered by the dredging industry. Increased demands for clean energy, increased migration of peoples within countries and internationally, and growing urban hubs as well as threats from rising sea level are a few of the challenges that demand innovative dredging solutions.
Although the downturn in the global economy which began in 2008 continued in 2012, the drivers which affect the dredging industry continue to stimulate demand. The growth of waterborne trade, urbanisation and infrastructure expansions, offshore and alternative energy and climate change concerns remain in the forefront of the global economy. These have resulted in investments in innovations and solution-oriented approaches by the dredging industry.
Together they have led to a 7% financial growth of the market as a result of exchange rate changes between the renminbi (CN¥) and the euro.
Dredging in Figures examines the industry drivers, as well as the market turnovers in different regions for different market drivers. Despite economic uncertainty, dredging contracts for new projects for port development and the offshore industry have been strong in 2012.
Especially in South America and Australia, new port infrastructure is being built. In the US substantial funds for postponed harbour maintenance and expansion work have been allocated and work is underway to remedy the lack of depth at various ports to meet post-Panamax requirements.
In the EU region and elsewhere in Europe, austerity measures have resulted in prudent financial policies, but many investments in new infrastructure remain on the drawing board for future development. In China, the quantity of dredged material (in cubic metres) in 2012 remained fairly similar to 2011, although the overall turnover (measured in euros) has grown substantially as a result of currency exchange rates favouring the renminbi.
International institutions such as IMF, OECD, UNCTAD and others provide well-supported future outlooks on urbanisation. Graphs of the other drivers for the dredging industry give overviews of the historical situations.
Press Release, October 10, 2013