Kalmar, part of Cargotec, will deliver four reachstackers for laden handling to the Port of Felixstowe in the UK. The reachstackers have a capacity of 45 tons and are supplied with a telescopic Bromma spreader which incorporates fully integrated overheight legs for out-of-gauge cargo handling duties. The order was signed in July 2014 with delivery in February 2015, and it … [Read more...]
Strong Marine Orders Lift Cargotec’s Turnaround Hopes
HELSINKI, Feb 4 (Reuters) - Finnish cargo handling equipment maker Cargotec reported a stronger-than-expected order intake in the fourth quarter, boosting hopes its troubled marine business was turning a corner. Cargotec's shares rose 9.6 percent by 1115 GMT on Tuesday after the company said quarterly orders rose 34 percent from a year earlier to 985 million euros ($1.33 … [Read more...]
Wärtsilä Defies Euro-Slowdown As Cargotec Suffers
HELSINKI, Oct 24 (Reuters) - Power plant and ship engine manufacturer Wartsila posted a stronger than expected rise in quarterly profit on Thursday, one of the few big Finnish concerns to resist the pull of Europe's economic downturn. Wartsila said its order book has taken a hit from customers delaying investments, but stronger profit still helped to lift its shares 2.7 … [Read more...]
Offshore Cranes Get Bigger and More Sophisticated
An interesting trend in recent years has been the increase in high spec supply vessels ordered to service the offshore oil and gas industry, in addition to larger vessels needed to support ultra-deepwater subsea pipelay and construction projects. Imagine a crane 10,000 feet up in the sky, hanging a wire down to the ground and picking up a fully-loaded mining truck like the … [Read more...]
Cargotec CEO: Marine Unit To Be IPO-Ready By Year-End
By Terhi Kinnunen TAMPERE, Finland, May 22 (Reuters) - Finnish cargo handling equipment maker Cargotec's marine unit will be ready to run independently by the end of the year and can list in Singapore any time after that, Cargotec's new chief executive said. Mika Vehvilainen said the exact timing of the IPO for the MacGregor unit, which makes hatch covers and cranes for … [Read more...]