Press Releases
 
Harbor Deepening Market - Revenue Surge Motivated by New Product Offerings, reports Fact.MR study

Industrial Goods , Harbor Deepening Market report, Harbor Deepening Market size, Harbor Deepening Market share

, 12 July 2019 -- The global harbor deepening market was valued at US$ 4.1 billion in 2017. The market is expected to expand at a CAGR of 3% over the forecast period, 2018-2028

With seaborne trade gaining importance in terms of economic development of a nation, government organizations are largely investing in harbor deepening activities worldwide. A deeper harbor can accommodate heavy and large container ships allowing expansion of trading activities in the respective region. This has gained higher significance against the backdrop of a beleaguered scenario of international trade due to the China – United States trade war. Although the possibility of improving this condition is true, it is also likely that this scenario can have a throwback on the harbor deepening market, given the likelihood of reduction in shipping activities.

Request Sample Copy Of This Business Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=1257

Requirement for harbor deepening in urban development is rapidly increasing however is overpowered by trade maintenance activities, according to a recent Fact.MR study. The study envisages that the harbor deepening market is projected to grow at a steady CAGR of 3.0% in terms of value during the period of forecast, 2018-2028.

Shipping industry has permeated the international trading space. The International Chamber of Shipping revels that more than 50,000 merchant ships, accounting for around 90 percent of worldwide trading via international waters have been in operation. This has led to increasing number of large vessel anchoring, consequently increasing the need for harbor deepening.  

Expanding oil and oil gas sector has remained influential in increasing the harbor deepening activities, especially after the removal of trade restrictions on crude oil exports across major countries. This has translated into an increase in oil exports to an average of 1.1 million barrels per day from the United States alone in 2017. Implementation of technologies also have accelerated the global oil trade, thus raising the need for harbor deepening projects across nations.

Higher cost associated with harbor deepening has had a deepening impact on the overall market. However, this is likely to be offset by favorable government encouragement in terms of budget allocations. The steadily rising harbor deepening activities will coattail rising government funding as a consequence. The Charleston Harbor Deepening project and Savanah Harbor Deepening project are few of the major activities heavily funded by the government, with a large funding of US$ 509 million for the former and additional US$ 100 million for the later. Rising support from government organizations have shored up the harbor deepening projects that are likely to expand at a 2.1% by 2028.

Harbor deepening activities have also penetrated the cruising space, wherein various projects are being undertaken for facilitating navigation of large cruise vessels. The CLIA (Cruise Lines International Association) has estimated that the cursing industry has seen its pink with increasing number of passengers opting for cruising. The association expects that the passenger count is likely to cross 27 million only for cruising. This math has shaken few of the major ports worldwide, which are increasingly investing in harbor deepening, such as PortMiami.

United States have remained dominant in the North America region, wherein increasing harbor deepening projects are being undertaken funded by the U.S government. The harbor deepening of ports in the country has largely been influenced with the increasing oil exports. Likewise, in terms of freight logistics, Germany holds an upper hand in the European Union. The harbor deepening scenario in the United Kingdom is also a significant one with increasing harbor redevelopment projects such as the Peter Harbor Redevelopment initiative.

Harbor deepening in Japan has taken a rapid upswing on back of increasing foreign trade. The country’s container shipping and seaborne vehicle shipping are other aspects adding fuel to the activity of harbor deepening. Recently, Japan and Singapore have announced a joint feasibility study to promote LNG bunkering for car carriers functioning between these two countries. That said, the country is likely to present lucrative growth opportunities for harbor deepening in the forthcoming years.

Inquiry Before Buying @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=1257

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Email:

Web: https://www.factmr.com/

Blog: https://factmrblog.com/

Read Industry News at - https://www.industrynewsanalysis.com/

# # #


Submitted by hawer on Friday, 12 July 2019 at 7:31 PM
Category: Enterprise Technology
 
Related News

Companies Need to Support and Adopt Local Technology – Encourages local player, Basis Bay
Tuesday, 23 Jul 2019

Global Metrology Market Report | Growth, Trends And Forecast Till 2019-2029
Tuesday, 23 Jul 2019

UNI GOLD COIN (UGC) to be listed on IDAX
Monday, 22 Jul 2019

Represent Your Identity and New Ideas with .id Domain Name
Friday, 19 Jul 2019

Micro Motor Market : Innovative Trends Implemented by Manufacturers Steering Growth until 2022
Thursday, 18 Jul 2019

Related Events

Data & Cloud Tech Summit Singapore
Thursday, 25 Jul 2019

The Print Event ○ Minneapolis, MN ○ August 6 - 7, 2019
Tuesday, 6 Aug 2019

hubraum IBB Tech Meetup: Let’s talk about Startup Funding
Wednesday, 7 Aug 2019

Data-Driven Agriculture Summit
Thursday, 8 Aug 2019

Palo Alto Networks: Live Demo: Gain Visibility and Protect AWS, Azure and Google Cloud
Monday, 12 Aug 2019

Latest News

London ScaffoldingService Offers Safety and Security at Workplace
Wednesday, 24 Jul 2019

New Technologies To Make Your Entertainment Better
Wednesday, 24 Jul 2019

Family Hospital MX Helps You Improve Your Aesthetic Appearance
Tuesday, 23 Jul 2019

Your #1 source to order real marijuana online
Tuesday, 23 Jul 2019

Various Benefits of Marijuana and The best way to Get Weed Online
Tuesday, 23 Jul 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 24 July 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Breast Imaging A to Z: How to Read Like (or Better Than) the Experts-Hawaii
  • Update in Orthpaedic Surgery Conference July 22-25, 2019 Grand Hyatt Kauai
  • Echocardiographic Symposium at Vail
  • Microbiome Movement - Oncology Response Summit
  • Neuropsychiatric Drug Development Summit Boston

  • Latest Jobs
    Sorry, there are currently no entries posted here.