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

The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 807
Trade war effects hit the West Coast thumbnail image

Trade war effects hit the West Coast

August 13 - Protracted trade tension between the USA and China has hit the bottom lines of ports and terminals active on the US West Coast. Predicting how volumes will develop in the coming months is proving difficult.
Views: 1197
Houston readies for PCB 2020 thumbnail image

Houston readies for PCB 2020

August 13 - The Project Cargo & Breakbulk conference and exhibition 2020 (PCB 2020) – a new event for the project logistics supply chain – will take place in Houston during April next year.
Views: 1183

Heavy Lift Across The World

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