Latest news from Heavy Lift & Project Forwarding International Magazine

Crawler crane market set for growth

Shipments of crawler cranes are expected to grow at a compound annual growth rate of over 4 percent according to a new research report by Global Market Insights (GMI).

With increasing utilisation of crawler cranes anticipated in the energy sector, the report said that many manufacturers are developing energy sector-specific machines that are capable of handling heavy lift operations at nuclear and renewable energy sites.

Additionally, the crawler crane market is witnessing growth opportunities due to increasing infrastructure projects across the globe, said GMI.

The report added that high maintenance costs and initial investments are the major factors hindering the development of the crawler crane market.

According to the report, cranes are available on lease from the manufacturers at a lower price than the newer machines, meaning that customers are preferring to rent the machines instead of procuring new equipment. GMI said that this is expected to have a negative effect on the market.

You can find the full report at here.

www.gminsights.com

Heavy Lift | News

Breakbulk Europe kicks off thumbnail image

Breakbulk Europe kicks off

May 21 - More than 550 exhibitors are preparing for the start of this year’s Breakbulk Europe exhibition, which kicks off later today in Bremen. 
Views: 54
Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 91
Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 228

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.