Sidelifters ride out the downturn

Cargotec’s Q1 2024 report reveals record-breaking performance with EUR 137 million operating profit, marking its strongest start ever.

The Hammar 550 has a 50-tonne Safe Working Load, whereas the Hammar 500 features a 6m crane reach and support legs that provide increased stability.

The operating profit percentages for the different business areas varied throughout the year, with Kalmar at 12.9%, Hiab at 14.1%, and MacGregor at 4.3%.

The two Kalmar electric straddle carriers will feature batteries with an operation time of 45–50 minutes and a charging time of five to six minutes.

The Port of Salalah has taken delivery of the first four cranes in a series of 10 super-post panamax STS cranes being manufactured by ZPMC. The remaining cranes will arrive at Oman’s largest container port in Q2 2024 with all units fully commissioned in the third quarter of the year.

As part of an Executive Order aimed at strengthening maritime cyber-security, the Biden Administration plans to invest over US$20B over the next five years in port infrastructure including funds for recreating the domestic port crane industry