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SECTOR REPORT | SUBSEA & OFFSHORE


ON THE UP


With global offshore crane market predicted to grow, we round up the latest offshore and subsea crane news from around the world.


A


report from market intelligence and consulting services provider Contrive Datum Insights (CDI) projects that the


global offshore crane market will be worth $35.17bn by 2030, registering a CAGR of 9.68% during the period 2022-2030. The report says that growth in the


exploration and production of oil and gas in offshore areas – including deepwater and ultra-deepwater locations – as well the increasing popularity of renewable energy, such as offshore wind, is driving demand for offshore cranes. The development of new and advanced technologies, such as remote operation, automation and safety features, plus government initiatives to encourage offshore exploration and production, are also factors. Emerging markets, too – the offshore crane market has a lot of room to grow in places such as Asia-Pacific and Latin America, the report says – is predicted to also drive growth, while


34 | November 2023 | www.hoistmagazine.com


both the North American and European markets are expected to expand at “significant” rates. Market restraints, meanwhile, include


a lack of skilled cranes operators. Other restraints cited in the report were those that are constant features of the offshore crane market, namely the initial high costs of offshore cranes, the cyclical nature of the oil and gas industry, which can affect the demand for offshore cranes, and strict safety regulations. CDI describes its offshore crane report


as offering “an analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations”. One of the key players profiled in the


study is Cargotec. Its subsidiary, the cargo and load handling solutions and services provider MacGregor, has received an order worth more than €25m to supply general cargo cranes for ten 84,500dwt multipurpose vessels built in Asia.


The order was booked into Cargotec’s 2023 third quarter orders received. The cranes are scheduled to be delivered between the fourth quarter of 2024 and the first quarter of 2026. A total of 40 cranes, each with a lifting capacity of 75 tons, are to be supplied. All cranes are connected to the latest worldwide service support and equipped with an active safety system. MacGregor says it was selected as the supplier of these general cargo cranes due to its well-known design capabilities and long-term good cooperation with the unnamed customer. “I’m very proud of the confidence that


the shipyard has shown in choosing us to supply cranes for this important project. We look forward to providing our customer with our high-class equipment and services,” says Magnus Sjöberg, senior vice president, merchant solutions, MacGregor. Elsewhere in Asia, in a first for the business in Asia, Enermech has been


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