by Crane Market | Dec 31, 2016 | Constuction & Business News, Manufacturer News
For the best-performing stock among the Dow 30 industrials, Caterpillar Inc. (NYSE: CAT) does not have a lot to shout about when it comes to retail sales. In its monthly retail sales report filed Tuesday, the company said global sales of all its machines dropped 17%...
by Crane Market | Dec 31, 2016 | Constuction & Business News, Energy News
ALE’s Middle East branch has installed the first gas turbine set for the new Jebel Ali M Station Expansion (JAMEX) project, UAE. The set comprised of a gas turbine, weighing 310t, and a gas turbine generator, weighing 327t. They were received in Jebel Ali port onto 24...
by Crane Market | Dec 30, 2016 | Equipment & Construction Videos, Offshore News
In April of 2016 two excavators slipped into the water during a landslide in Norway. In November the machines were located using an advanced magnetometer scan 250 meters (820 ft) from the shore at a depth of 22 meters (72 ft.). Below is a video of the rescue...
by Crane Market | Dec 28, 2016 | Constuction & Business News, Manufacturer News
Crane and specialized equipment manufacturer Manitex International said it has sold its CVS Ferrari subsidiary to Italian companies BP and NEIP III for $5 million in cash, and the assumption of $14 million of net CVS debt. The purchasers are privately-held...
by Crane Market | Dec 28, 2016 | Constuction & Business News, Crane & Lifting News, Manufacturer News
In a massive fleet expansion, logistics provider in Kuwait – Integrated Logistics Company – has taken delivery of a new Demag CC 3800-1 crawler crane, 20 Terex AC 100/4L all terrain cranes and 10 Terex Explorer 5600 all terrain cranes The Demag CC 3800-1 lattice boom...