The crane industry predominantly consists of long-established manufacturers, many of which were founded just after World War II. This is the reason why when a company decides to enter the market is big news.
Will buyers of new and used cranes have to pay a higher price for machines in the coming years?
When interviewed for a feature on the Middle East market a few months ago, executive director at Al Faris Kieve Pinto said low oil prices caused uncertainty in the market and that there was a drop in investment in large scale oil and gas projects in the Kingdom of Saudi Arabia.
‘Connectivity’, ‘Big Data’, ‘Industry 4.0’, ‘Internet of Things’ are popular buzzwords, predominantly associated with positive effects on business. Technological evolution has benefited businesses in various ways, most importantly by boosting efficiency of production.
Urbanisation was a topic mentioned in a number of presentations delivered by industry experts at our Tower Crane Virtual Conference. It is a trend that had a major impact in the crane market, both in terms of demand as well as product development.
Over the past year, there has been a lot of discussion about the challenges the industry is facing because of the pandemic. Operations had to be stopped or altered, while sales revenues have been affected.
At the end of 2020, Mammoet launched the 6,000t-capacity SK6,000, which the company says will allow for the construction of bigger FSPO and FLNG modules onshore. This was the second launch of a machine with a capacity exceeding 1,000t within a period of few weeks.
This year we have been constantly bombarded with negative news about coronavirus; but looking back over our news coverage of 2020, I realised that it was a year with numerous exciting product launches and updates.
At times of economic downturn, companies often have to make big and hard decisions to maintain profitability or for their sustainability.
The pandemic has definitely altered the way that people interact on a professional level. The shaking of hands and the exchange of business cards may be deemed risky under these strange circumstances.