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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.
Upward pressure on prices
Will buyers of new and used cranes have to pay a higher price for machines in the coming years?
The new oil
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.
A real threat
‘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.
Rising to the challenge
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.
By the thousands
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.
A year in review
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.
Turn of events
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.
The Bigger Picture
As some of you may have noticed, since the beginning of the pandemic we have been very careful as to how we cover its effects on our industry. Our aim was to let some time pass before covering this subject in-depth, so that we could provide a more accurate analysis on the impact.
Build, build, build
The US-headquartered Association of Equipment Manufacturers (AEM) conducted a survey of member company executives on the continued impact of the COVID-19 pandemic on equipment manufacturers.
Different types of tower cranes are popular in different markets, which is why the major manufacturers in this segment have more than one type in their portfolio.
Mix and Match
Factory closures, reductions in motor traffic, significant falls in the number of flights were among the effects of the Covid-19 pandemic, which contributed to a drop in the global demand for oil.
When Charles Dickens published his novel Hard Times as a serial in his weekly publication Household Words in 1854, the world was definitely different.
The essence of essential
I started writing this comment on the second day of Coronavirus lockdown in Britain. Our government last week advised us to stay home, but that didn't take: this being Britain, last Friday many pubs were full, and on Sunday, when we celebrate Mothers' Day, many thought it a good idea to take their aging mums out to catch a potentially fatal disease at flower markets and parks.
Competing on technique, not size
For more than a decade, the world’s heavy lift specialists have been competing as to who is going to manufacture the biggest crane with the largest lifting capacity.
Bigger and Bigger
In this issue we cover Barnhart’s acquisition of Viant Crane, a move that will further enhance Barnhart’s presence in the Midwest, where Barnhart already operates a number of branches. This is the second such announcement by the company in less than a year, as it previously entered into an agreement under which it will own the majority of assets of Burkhalter Rigging of Columbus, Mississippi.
The Middle East is inevitably associated with oil production, as this industry has been fuelling the region’s economy for decades. Fluctuations in the price of the commodity have caused intense economic cycles and at times negatively affected construction activities.
The world looking in
At the time of my visit to Japan, rugby fans where filling up the Rugby World Cup stadiums around the country, while Emperor Naruhito officially proclaimed his enthronement before dignitaries from about 190 countries. The spotlight is still on Japan, as the country is preparing to host the 2020 Summer Olympics.