KCI Konecranes' Board of Directors appointed Pekka Lundmark as President and CEO of KCI Konecranes. Stig Gustavson has been appointed Chairman of the Board of Directors and Björn Saven, KCI Konecranes' Chairman since 1994, has been appointed vice Chairman of the Board. "KCI Konecranes' strategic direction will not change," Lundmark says. "All our strategic cornerstones - Growth, Technology Leadership and Operational Efficiency -are as important as ever and I see no reason to change anything in our strategic foundation." Lundmark was born in 1963 and has a Master of Engineering degree from Helsinki University of Technology. Having held various management positions within Nokia he was CEO of Hackman Group between 2002-2004. Mr. Lundmark joined KCI Konecranes in August 2004 as Group Executive Vice President. As Chairman of the Board, Stig Gustavson will continue to play an important part in KCI Konecranes. He also remains a substantial long-term shareholder.
Maersk Inc. contracted KCI Konecranes for the delivery of 30 Rail Mounted Gantry Container Handling Cranes (RMG) to APM Terminals' new container terminal in Portsmouth, Va. The contract calls for deliveries to begin in October 2006, and includes the option for an additional 30 cranes. The order value was not disclosed. APM Terminals' new Virginia container terminal project is the largest single private investment in container terminals in the United States
Ukrainian terminal operator UkrTransKonteiner, KCI Konecranes and its Ukrainian crane manufacturer partner Zaparozhcrane have signed a cooperation agreement on the development of the Iljicevski marine merchant port (IMMP) in Ukraine. The agreement was signed at the "Finnish-Ukrainian Business Forum" held in connection with the Finnish Prime Minister Matti Vanhanen's visit in Kiev, Ukraine. The Ukrainian Vice-Prime Minister
KCI Konecranes has been contracted for the design and supply of two Post Panamax Ship-to-Shore (STS) container cranes for Baltic Container Terminal (BCT) in Gdynia, Poland. The cranes will be delivered before the end of 2006. Baltic Container Terminal (BCT) achieved a throughput of 372,000 TEU in 2004 and is on course for another healthy increase in throughput in 2005. BCT has seen consistent double-digit traffic growth since its
APM Terminals has signed a deal with KCI Konecranes for four RTGs (Rubber Tired Gantry cranes) for their Yokohama container terminal in Japan. This is the first order for a port terminal in Japan for KCI Konecranes. The cranes are due for delivery in August 2006. The order was received in the fourth quarter of 2005. APM Terminals is the third largest container terminal operator in the world, with interest in more than 35 ports worldwide
Oshima Shipbuilding Co., Ltd has called its option to order four additional 70-ton Shipboard Gantry Cranes (Konecranes-Munckloaders) from KCI Konecranes. The new cranes will be delivered in 2009 and installed onboard two 55.000 DWT vessels ordered by Singaporean shipowner Masterbulk Pte. Ltd. The market value of these crane types is approximately USD 6 million per unit, depending on size and capacity. The order was received in the first quarter of 2006.
KCI Konecranes has won the contract to supply one of the world's largest cranes to Ingalls Shipbuilding, Pascagoula, Miss. The crane, in a category known as Goliath due to its massive size, is one of fewer than 100 in the world. Eighty percent of the Goliath cranes built in the past decade have been built by KCI Konecranes. Ingalls has announced a major facility refit program that will directly benefit a variety of shipbuilding programs for Ingalls military and commercial customers
KCI Konecranes VLC Corporation was granted the contract to provide one of the world's largest cranes to Ingalls Shipbuilding, a division of Litton Ship Systems. Known as Goliath, because of its unusually large size, the crane is one of fewer than 100 worldwide. The 660-ton capacity crane will allow Ingalls to assemble sections of ships that are triple the size than previous, thus utilizing dock space more efficiently.
KCI Konecranes has received an order for a Goliath Gantry Crane from Korean Daewoo Shipbuilding & Marine Engineering Co. The new 900-ton crane will be delivered to the Daewoo shipyard in Okpo in November 2006. The order value is approximately $18 million, and part of the construction work will be undertaken by the shipyard itself. The new Goliath crane will enable Daewoo to lift and turn ship blocks weighing up to 800 tons. The crane is equipped with two 450-ton hooks and one 500-ton hook
KCI Konecranes will supply four Shipboard Gantry Cranes (Konecranes-Munckloaders) to Oshima Shipyard in Japan to be installed onboard vessels ordered by Singaporean shipowner Masterbulk Pte. Ltd. The 55.000 DWT vessels will be delivered in 2007 and 2008, and will then be the largest in the world of its type. The value of the order is not released, but typically the unit price of this kind of crane is approximately USD 5-6 million.
Konecranes will deliver 4 Super Post Panamax Ship-to-Shore (STS) cranes and 20 Rubber-Tired-Gantry (RTG) cranes to Georgia Ports Authority in the US. The Georgia Ports Authority Board recently approved more than $80 million to purchase the cranes to be used to handle containers at Garden
Norway-based Offshore shipping company, Oceanteam Shipping ASA, highlights results in the first quarter of 2014 and draws attention to a Mexico J/V with PEMEX. Revenue from operations USD 15.1 million for the quarter. EBITDA from operations is positive USD 6
Konecranes has signed an agreement to deliver an Automated RTG (ARTG) system to Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Persero), (“Pelindo III”). This will be the world’s first commercially operational Automated RTG system
Kito Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire Peerless Industrial Group from Westview Capital Partners II, L. P. by purchasing all the shares of Peerless Industrial Group, Inc. The share transfer of Peerless shall be executed subject to
As stated in the stock exchange release published on July 24, 2013, Konecranes starts new measures to reduce the company’s annual cost base by €30 million by the end of 2014. Konecranes will start statutory negotiations in Finland regarding possible temporary and permanent layoffs
Konecranes has received a repeat RTG order from transportation supplier CSX Intermodal Terminals in the US, comprising 4 Konecranes RTG's with an option for the supply of one more. Konecranes say that this is the second RTG delivery to CSX Intermodal Terminals as the previous order for three RTGs
TCV Stevedoring Company, a stevedoring company in the Port of Valencia belonging to Grup TCB, last week took delivery of the components of its four new Konecranes RTG cranes. The new machinery, part of an ambitious investment program at the terminal
The Georgia Ports Authority won recognition by the Environmental Protection Agency as a leader in reducing carbon emissions. The Southeast Diesel Collaborative (SEDC), a public-private partnership formed by the U.S. EPA Region 4 office, named the GPA as a Community Leadership Award winner.
Norway-based Oceanteam Shipping says it has exercised its option to buy the remaining 30% shares of KCI design engineers, a multi-discipline engineering company, employing over 150 engineers with offices in Schiedam, The Netherlands and Hamburg, Germany.
Ryan Flynn is returning to Konecranes Plc and he has been appointed Executive Vice President and Head of Business Area Equipment. Flynn will be a member of the Konecranes Group Executive Board and will report to Pekka Lundmark, President & CEO
Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit, excluding one-off items, fell to 15.6 million euros ($22 million) from 23
Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA. Exerpts from his letter to shareholders follow: "In addition
In March 2014, Konecranes received another order for RTGs and reach stackers from transportation supplier CSX Intermodal Terminals, Inc. in the U.S. Four Konecranes RTGs will be delivered to two CSX Intermodal Terminals’ facilities in Chicago, Illinois, and two reach stackers to Charleston
The Georgia Ports Authority Board approved Monday $86.5 million to purchase four new ship-to-shore cranes and 20 new rubber-tired gantry cranes (RTGs) used to handle containers at Garden City Terminal. “Our continued infrastructure investments enable us to work larger vessels and
In March 2014 Konecranes received a major order for eighteen Konecranes Rubber Tired Gantry (RTG) cranes from DP World’s Yarimca container terminal in Turkey. The all-electric cable reel RTGs will be delivered in 2015. Konecranes has previously delivered container handling equipment