Posted on October 6, 2025
IADC has published its “Annual Report 2024”. This report has been compiled on behalf of the Board. It outlines the Association’s state of affairs, and highlights the broad spectrum of activities undertaken over the course of the year. IADC’s key projects and events are presented in full.
2024 was an active year for IADC. In addition to the recurring activities, several other projects were executed – all to the benefit of the private dredging industry.
The geopolitical environment remained unstable. Russia’s invasion of Ukraine continued as did the attacks by Houthis on vessels in the Red Sea, due to the war between Israel and Hamas. As a result, many vessels choose not to take the risk of passing the Suez Canal.
However, a large number of vessels of IADC members are still working on projects in the Middle East. Published in 2024, the Dredging in Figures 2023 report that represents the industry’sturnover in 2023 showed an even steeper increase, at nearly 60%, than the year before. A stabilisation of the turnover in the Middle East is expected in 2024. The turnover of the dredging market is expected to be stable in 2024 compared to 2023, in which the market grew by 9% compared with the previous year.
WHAT WE WERE ABLE TO ACCOMPLISH AND WHAT WE WERE NOT
