Port News

[ombugge]

Konecranes establishing partners to build port cranes in the USA - Hoist

Given that STS cranes take several years to produce and deliver, the company does not see any short-term impact on its financials from this initiative.

Konecranes also has the capability to modernize existing port cranes with the latest technology and cybersecurity standards, part of its continuing drive to improve the safety, productivity and sustainability of its customers’ operations.

Looks like US politics open opportunities for both Finnish and Japanese crane manufacturers to expand their US market:

Konecranes has announced it is establishing a network of partners to build a full range of port cranes in the US, joining Japan’s Mitsui in building cranes on American soil.

Analysts at Alphaliner, a container shipping consultancy, believe that the US government’s initial aim to replace all Chinese-made cranes in the country’s ports by newbuilt cranes within a fairly short period appears unrealistic.
Potentially, the new legislation could be watered down after the presidential elections, so that Chinese-made equipment must be replaced at the end of its economic lifetime, which could be around 2040 for some of the recently-installed cranes,” Alphaliner suggested in its latest weekly report.

Source: https://splash247.com/finnish-firm-eyes-opportunity-from-bidens-decision-to-replace-chinese-port-cranes/