Cargotec is a bellweather of what is happening in the port equipment supply sector as the world financial crisis deepens. Its latest report to the Helsinki stock exchange states: “The market situation in the large project side of container handling [Kalmar] is healthy, and offers are at a high level. On the other hand in construction-related customer segments in Europe and the US the market situation in load handling [Hiab] has further weakened from September.
“The shipbuilding market [MacGregor] is evening out as earlier expected. Order intake in the final quarter of the year is, according to earlier expectations, expected to be below the high level of previous quarters.”...
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This complete item is approximately 300 words in length, and appeared in the October 2008 issue of WorldCargo News, on page 2.
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