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

Entrec reports growth for Q1 thumbnail image

Entrec reports growth for Q1

May 9 - Entrec reported year-on-year revenue growth of 10 percent during the first quarter of 2019, but the company’s president and ceo John Stevens said revenue fell below the company’s expectations.
Views: 1295
Project market clouded by slowing trade thumbnail image

Project market clouded by slowing trade

April 17 - Rates will improve in the multipurpose and heavy lift shipping sector through 2019 fuelled by rising volumes of project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world trade.
Views: 2101
FROM THE MAGAZINE: Risking the supply chain thumbnail image

FROM THE MAGAZINE: Risking the supply chain

April 2 - A worrying and increasingly prominent trend is the amount of risk being shouldered by those active in the project logistics supply chain. David Kershaw reports.
Views: 1534
Opportunities in emerging markets thumbnail image

Opportunities in emerging markets

March 6 - The logistics industry forecasts that emerging markets will grow at a healthy rate of 5 percent in 2019 but many executives are bracing for a crisis, according to Agility’s emerging market index.
Views: 2393

Heavy Lift Across The World

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