Cargotec

Cargotec reports profit margin growth

Cargotec’s annual financial results highlight notable developments in the company’s performance over the previous year.

The review shows that the comparable operating profit margin improved during the year. Orders received grew by 3%, reaching a total of US$1.565 billion, compared to US$1.52 billion in the previous year. However, the order book declined, amounting to US$672 million at the end of the period, down from US$828 million as of 31 December 2023. Furthermore, sales experienced an 8%...

https://container-news.com/cargotec-reports-profit-margin-growth/

Cargotec announces new leadership team for Standalone Hiab

Cargotec’s Board of Directors has approved the appointment of a new leadership team, which will comprise the current Hiab Leadership Team members, effective from 1 April 2025.

These appointments are subject to the successful completion of Cargotec’s ongoing transformation project.

The transformation project, initiated by Cargotec in 2023, has progressed in alignment with the objectives set by the Board. As part of this initiative, the Board of Directors has proposed a name change for the company...

https://container-news.com/cargotec-new-leadership-team-standalone-hiab/

Hiab and Ring Power Lift Trucks partner on MOFFETT dealership in Florida

Hiab, a subsidiary of Cargotec, has entered into a significant dealer agreement with Ring Power Lift Trucks in Florida, to distribute MOFFETT truck-mounted forklifts and provide related services.

Ring Power Lift Trucks, based in Jacksonville, Florida, operates as the material handling and forklift division of Ring Power Corporation.

In addition, the company represents a range of top brands, including Cat Lift Trucks, Jungheinrich Warehouse Products, and Kalmar Industrial Forklifts, and...

https://container-news.com/hiab-and-ring-power-lift-trucks-partner-on-moffett-dealership-in-florida/

MacGregor to supply cargo access solutions for 12 PCTCs

MacGregor, a division of Cargotec, has received an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs), with an option for eight additional vessels. These ships will be constructed by China Merchants Heavy Industry (Jiangsu) (CMHI) for CIDO Shipping.

The order was recorded in Cargotec’s third quarter 2024 intake, with deliveries scheduled to commence in the second quarter of 2026 and conclude by the fourth quarter of 2029.

The contract covers the design and key...

https://container-news.com/macgregor-to-supply-cargo-access-solutions-for-12-pctcs/

Hiab secures US$5.4 million order for offshore wind turbine loader cranes

Hiab, a division of Cargotec, has secured a significant US$5.4 million order for loader cranes which will be used in offshore wind turbines. The machines are scheduled to be delivered during the current year.

The specific crane model ordered is the HIAB SWP, meticulously tailored for servicing operations in offshore wind turbine installations. Installed in the nacelle, which houses the turbine’s generating components, these cranes are versatile and capable of handling various lifting tasks.

From...

https://container-news.com/hiab-secures-us5-4-million-order-for-offshore-wind-turbine-loader-cranes/

Kalmar secures electric equipment deal with APMT to enhance LA terminal

Kalmar, a part of Cargotec, has entered into an agreement with APM Terminals Pier 400 Los Angeles to deliver two new Kalmar electric AutoStrads and upgrade two existing hybrid straddle carriers.

These additions and modifications will contribute to APM Terminal’s US$60 million electrification initiative. The significant order was recorded in Cargotec’s Q1 2024 order intake, with the pilot program set to begin in Q4 2024.

“With this pilot, we look to gain a greater understanding of how to convert...

https://container-news.com/kalmar-secures-electric-equipment-deal-with-apmt-to-enhance-la-terminal/

Kalmar to deliver first electric mobile equipment fleet for ITC in Australia

Cargotec-owned Kalmar has finalized a deal with Intermodal Terminal Company (ITC), an Australian operator, to provide six Kalmar Electric Reachstackers and two Kalmar Electric Empty Container Handlers.

These machines will be deployed at ITC’s upcoming Somerton Intermodal Terminal in Melbourne, Victoria, a multipurpose terminal currently under construction.

This contract, which also encompasses a comprehensive Kalmar Complete Care service agreement, was recorded in Cargotec’s order intake for the...

https://container-news.com/kalmar-to-deliver-first-electric-mobile-equipment-fleet-for-itc-in-australia/

Kalmar to enhance Réunion Island box terminal with hybrid equipment

Kalmar and CMA CGM’s subsidiary CMA Terminals have reached an agreement for the supply of three Kalmar hybrid straddle carriers to SAMR, a terminal located on Réunion Island.

The order was registered in the 2023 Q4 order intake of Cargoted, the mother company of Kalmar with the machines set to be delivered in the fourth quarter of 2024.

Réunion Island, a French department in the Indian Ocean, now serves as the strategic hub for the CMA CGM Group within the Indian Ocean region. Port Réunion has...

https://container-news.com/kalmar-to-enhance-reunion-island-box-terminal-with-hybrid-equipment/

MacGregor secures major order for Höegh Autoliners PCTCs

MacGregor, a division of Cargotec, has secured a significant order to provide comprehensive RoRo (Roll-on/Roll-off) equipment for an additional four Aurora class Pure Car and Truck Carriers (PCTCs) by Höegh Autoliners.

These vessels, designed to accommodate multi-fuel and zero-carbon technologies, will expand Höegh Autoliners’ newbuilding programme for the Aurora class to a total of twelve ships, all to be constructed by China Merchant Heavy Industries (Jiangsu).

This order has been recorded in...

https://container-news.com/macgregor-secures-major-order-for-hoegh-autoliners-pctcs/

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