Cargotec

Cargotec Corporation is a Finnish company that specializes in cargo-handling systems and services. It was established in 2005 as a demerger from the KONE Corporation and has since grown to become a significant player in the global cargo handling industry. Here are some key points about Cargotec:


Divisions and Brands


Cargotec is organized into three primary business divisions, each with its own brand names and focus areas:



  1. Kalmar: Specializes in container handling and heavy-duty terminal equipment, including straddle carriers, terminal tractors, and container cranes. Kalmar also offers automation and software solutions for ports and terminals.



  2. Hiab: Focuses on on-road load handling equipment such as loader cranes, forestry and recycling cranes, truck-mounted forklifts, and demountable systems. Hiab products are used in various sectors, including construction, waste management, and logistics.



  3. MacGregor: Provides engineering solutions and services for marine cargo and offshore load handling. This division offers hatch covers, cranes, and RoRo (Roll-on/Roll-off) equipment for ships, as well as offshore load-handling solutions.




Global Presence


Cargotec operates worldwide and serves various industries including shipping, logistics, ports and terminals, road transportation, and offshore operations. The company is known for its extensive network of service centers and spare parts distribution facilities, which ensure timely support and maintenance for its equipment.


Sustainability and Innovation


Cargotec is committed to sustainability and innovation, focusing on developing solutions that enhance the efficiency, safety, and environmental performance of cargo handling operations. The company invests in R&D to explore new technologies such as automation, electrification, and digitalization, aiming to reduce the carbon footprint of its products and services.


Financials


Cargotec is listed on the Helsinki Stock Exchange and regularly publishes its financial statements. As of recent years, the company has reported steady revenue and earnings, supported by its diverse portfolio and global market reach.


Strategic Initiatives


In recent years, Cargotec has engaged in strategic initiatives to streamline its operations, expand its service offerings, and strengthen its market position. This includes mergers, acquisitions, and collaborations with other companies in the industry to drive innovation and growth.


Challenges and Opportunities


Like many global companies, Cargotec faces challenges such as economic fluctuations, geopolitical uncertainties, and evolving regulatory environments. However, the company's strong focus on sustainability, innovation, and digital transformation positions it well to capture growth opportunities in the rapidly changing cargo handling industry.


Overall, Cargotec's comprehensive range of products and services, coupled with its commitment to innovation and sustainability, make it a key player in the cargo handling and logistics sectors.


Products

AHC offshore, subsea and marine cranes, LARS, module handling systems, winches, rescue equipment, deck-handling systems, fiber rope systems for ultra deepwater subsea load han

Helsinki Finland

Cargotec, Sörnäisten rantatie 23, P.O. Box 61
Helsinki FI-00501
Finland

Maritime News

Shipbuilding is a Leverage Point in South Korea's Trump Tariff Negotiations

Shipbuilding is a Leverage Point in South Korea's Trump Tariff Negotiations

23 hours ago
South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S. shipbuilding industry a priority to keep up with China, has repeatedly raised the idea of cooperating with South Korea's cutting-edge shipbuilding industry.After investing billions of dollars in shipbuilding capacity, China is the world's biggest shipbuilder.
Shots Fired at Livestock Carrier in Red Sea Near Yemen

Shots Fired at Livestock Carrier in Red Sea Near Yemen

yesterday
People in a wooden boat opened fire on a Comoros-flagged livestock carrier in the Red Sea near Yemen on Thursday, and the vessel was detained by the Yemeni Coast Guard, according to the United Kingdom Maritime Trade Operations (UKMTO).A maritime security official in the Yemeni government told Reuters the vessel was released after being held on suspicion, with naval forces concerned because its AIS tracking system was turned off and it was sailing north from the Horn of Africa.British security firm Ambrey said the vessel, travelling from Bosaso, Somalia, to Jeddah, Saudi Arabia, reported having received instructions to proceed to Mocha. It did not make clear who had given the instructions.
Green Hydrogen Retreat Poses Threat to Targets

Green Hydrogen Retreat Poses Threat to Targets

2 days ago
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have found that transition to the low-carbon fuel looks prohibitively expensive.The gap between ambition and reality in Europe shows the extent of the reset happening within the industry, said Jun Sasamura, hydrogen manager at research company Westwood Global Energy.
Shipbuilding: Bulk Vessel Deliveries Soar

Shipbuilding: Bulk Vessel Deliveries Soar

2 days ago
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during this period are expected to be delivered during this and next year,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Of the 59.3 million DWT expected to be delivered until the end of 2026, the panamax segment accounts for 33.9% while supramax accounts for 28.3%. Ordering for these segments rose in 2023 and 2024 as they were benefitting from comparatively higher freight rates.
Hanwha to Build US-Flagged LNG Carrier

Hanwha to Build US-Flagged LNG Carrier

2 days ago
Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States. It is slated for delivery in the first half of 2028.The deal comes as the United States works to revive domestic shipbuilding and expand its fleet of commercial and military vessels. Hanwha Systems and Hanwha Ocean bought Philly Shipyard for $100 million in December."This agreement looks to be a 'first step' in building out U.S.