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:

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.
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.
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.

+47 99 50 46 42
www.cargotec.com / www.macgregor-group.com

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

Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders

an hour ago

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion.Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly

Misunderstanding General Average Concepts Could Harm Offshore Operators

7 hours ago

At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.Michiel Starmans, a Fellow of the AAA and Director Legal Department of the Spliethoff Group and Alf Inge Johannessen, an Associate of the AAA and Senior Claims Manager at DOF

Australia and India Talk Maritime, Renewables at G20

yesterday

Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation, Albanese said in a meeting with India's Prime Minister Narendra Modi in Rio de Janeiro on Tuesday.The two countries, along with the United States and Japan, are members of the Quad, which has sought to balance China's rising military and economic clout in the Indo Pacific region.

Sabotage: Two Undersea Cables Cut in Baltic Sea

2 days ago

Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage by bad actors, countries and companies involved said on Monday.The episode recalled other incidents in the same waterway that authorities have probed as potentially malicious including damage to a gas pipeline and undersea cables last year and the 2022 explosions of the Nord Sea gas pipelines.The 1,200-kilometre (745-mile) cable connecting Helsinki to the German port of Rostock stopped working around 0200 GMT on Monday, Finnish state-controlled cyber security and telecoms company Cinia said.

Global Offshore Wind Stumbles to the End of '24

2 days ago

Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to 12 offshore wind companies, industry researchers, trade associations, and government officials in six countries to come up with a global picture of the state of the industry and its outlook, and found soaring costs, project delays and limited supply chain investment were hobbling installations.