Crane Rental Manufacturers report spurt in orders

Delhi Metro Rail Corporation
Forecast of better days and strong demand fundamentals, mainly from metro railway projects, are boosting business sentiment, resulting in offtake of fresh units, finds P.P Basistha

Crane manufacturers reported a spurt in new bookings during 2016 despite not much improvement in rental rates. The trend has been continuing into 2017, although there have recent indications of demand aberrations (there is bearish demand coinciding with the monsoon season) with retrograde activities in the wind power sector and negligible action in the thermal power sector. However, the forecast of better days and strong demand fundamentals, mainly from metro railway projects, are boosting business sentiment, resulting in offtake of fresh units.

Tadano India Private Limited has delivered its first ATF 400G-6, 400-ton crane to Modern Crane Service. The company has also sold its two ATF 220 G-5,220-ton AT crane to Gandhi cranes. All the three cranes have been delivered in 2017. It is learned that the new cranes have been purchased by crane rental agencies by offloading portion of their old feet. The cranes are likely to be used in metro and other projects that require higher safety regulations. Buoyed by the fresh orders, Tadano is looking to sell more units in 2017.

Hyderabad-based NCC Limited has procured a brand new and first of its kind Liebherr LTR 1200 telescopic crawler crane. The crane has been deployed by NCC in the Nagpur Metro project for lifting of girders. NCC has a Liebherr 400-ton crawler crane and a 200- ton mobile crane. A brand new Liebherr LTM 1250-5.1 five axle, 300-ton class mobile crane was acquired by Mumbai-based crane rental heavyweight J&K Lifters in 2016. The company will be renting out the crane for general erection jobs.

Cranes
An interesting development in the cranes market since 2016 is reports of fresh acquisitions by end-users like cement plants for carrying out regular maintenance jobs, and by upstream oil companies like ONGC, which has been acquiring 45-ton truck cranes for onshore oil rig installation and maintenance, and is learnt to have placed orders for more units.

Kobelco India bagged a major order to supply 12 units of CKL 1000 (i) 100-ton crawler cranes manufactured at its Chennai facility, to Mumbai-based crane rental major Sethia Erectors. Kobelco also delivered its twelfth order, the new CKL 2600, 260-ton crawler crane to Samarth Lifters, a crane rental major in Mumbai. Samarth had earlier bought 11 units of Kobelco’s CKL 1000 (i) crawlers.

An emerging trend in mobile and crawler cranes is the increasing activities being seen in the lighter and medium categories, which are mainly between 75 to 260 tons. Replacing of old units that have completed their financial liabilities is the reason behind the offtake in this class of cranes. Rental companies active in wind power projects especially, have been rapidly replacing their older cranes with the lighter and medium support cranes. A major reason why lighter support cranes are being acquired in the wind power sector is because wind turbines need to be erected at higher hub heights, and at a given time schedule. Crane rental heavyweights like Samarth Lifters, Sethia Erectors, and Globe Ecologistics engaged in wind power projects have been on a buying spree for new truck-mounted cranes.

Appolo Cranes

Evolving Cycle

While manufacturers are reporting new acquisitions, rental companies are also keen to find buyers for their machines. However, the industry is treading cautiously while considering purchase of new units or second-hand units, as rental rates are not showing any signs of appreciation. Also, with the Jammnagar-third phase expansion nearing completion, and release of units from wind power projects due to fresh bidding, the market could see an oversupply of cranes of certain categories. It will be interesting to see how the cycle evolves and the direction it gives to the hiring rates against the backdrop of demand for the latest crane models.

Lifting & Specialized Transport   July - September 2017

Click Here
To Know More / Contact The Manufacturer
Please provide your details we will contact you as soon as possible
Please let us know your name.
Invalid Input
Please let us know your Designation.
Invalid Input
Please let us know your City.
Please let us know your State.
Please let us know your Country.
Please let us know your Contact Number.
Please let us know your email address.
Please brief your query.

Heavy equipment auctioneer RITCHIE BROS at bauma 2019

Ritchie Bros., a multichannel, multi-solution platform for buying and selling industrial assets, will present its main brands (Ritchie Bros. Auctioneers, IronPlanet, Marketplace-E and Mascus) and latest innovations. Read More ...

Mtandt exhibits a revolutionary solution for creating Temporary roads and terrains

Mtandt Ltd, a leading technology and service provider has done it once again ! A new revolutionary product "Portadeck" was showcased this time at the Bauma show. Portadeck was launched recently to meet the Read More ...

India Bulls to expand fleet; become total solutions provider for many infra sectors

India Bulls Store, the fully owned, construction equipment rental agency and subsidiary of India Bulls Finance, is expanding its equipment fleet to make the machines available for varied applications. This will Read More ...

Goldhofer's PST/SL-E and a taxi ride for King Kong

Occupying 20 hectares of land, the Vialand leisure park – with its 26 modern rides – opened in the Eyüp district of Istanbul in 2013 as the first leisure park in the whole of Turkey. Last spring, one of the main attractions Read More ...

Allcargo Logistics: Surmounting challenges with ingenuous solutions

For India's leading biofuels company, Praj Industries Limited, it was a challenging task to transport a gigantic column — 64m long and weighing 150 metric tons — over a 600km distance from its Kandla SEZ unit Read More ...

Universal Transport moves ultra-heavy components for an F60 opencast mining conveyor bridge

With the help of Goldhofer heavy-duty modules supplied by Trans A.D.M., Universal Transport, last summer, handled an exceptional transport challenge: delivery of huge replacement components for the Read More ...

Logistics Industry Outlook, challenges, and technological developments

Logistics is regarded as the backbone of the economy, providing efficient and cost- effective flow of goods on which other commercial sectors depend. The logistics industry in India is evolving rapidly, it is the interplay Read More ...

Specialized Transportation Room for Collaboration with Stakeholders

With industrial and energy-based projects such as wind power and refineries attaining higher proportions in India, there is need for more collaborative efforts amongst equipment manufacturers Read More ...

Crane Rental Down, But Not Out

Business sentiments have been depressed in the crane rental industry across categories for some time, especially amongst owners of the higher class of crawler cranes. One of the reasons is the release of cranes from Read More ...

Kögel introduces new NOVUM generation of trailers

Kögel is introducing the new and reliable external frame and body, for its Cargo, Mega, and Light platform trailers. The Kögel tarpaulin semi-trailers are also receiving further optimisations as part of the new NOVUM Read More ...

Cometto launches new modular series MGSL

Following its takeover by the Faymonville Group, Cometto, a specialist in self-propelled, modular and special industrial vehicles, has developed and launched MGSL modular axle lines Read More ...

VMT focuses on Engineering, Improvisation & Customization

As a leading player in the field of heavy-duty modular trailers and special purpose trailers, New Delhi-based Vishkarma Machine Tools (VMT) is serving the Transport industry with its wide range Read More ...

Goldhofer AG – a world champion in heavy haulage and oversized cargo transportation

Transport solutions for every type of operation: For over 300 years Goldhofer has been developing the heavy haulage and special transport technologies needed to translate customer requirements into Read More ...

Goldhofer - 500 km through India with the »Faktor 5«

The Goldhofer »Faktor 5« high girder bridge has passed its first operational test in India with flying colors: Heavy-haulage specialist Lee & Muirhead used Goldhofer’s multifunctional lightweight Read More ...

More Power to Pullers & Trailers

Manufacturers of pullers are offering higher powered prime movers, and are also making improvisations in their existing product lines. There is a growing requirement for hauling heavier loads with greater Read More ...

SAMIL offers quality pre-owned construction equipment at competitive prices

SAMIL offers quality pre-owned construction equipment
A well-developed infrastructure is the foundation for growth in any country, as it paves the way for a better quality of life and rise in GDP, especially for developing countries like India. Due to ongoing modifications Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week