Check out some interesting headlines around the heavy equipment and construction industry this week.
Top Supply Chain and Logistics News (Wall Street Journal)
"One of South Korea’s top shipping companies is begging for itslife. Hyundai Merchant Marine Co., which along with the larger Hanjin Shipping Co. handles most of Korea’s exports, asked owners of its chartered fleet to cut a break on rates, the WSJ’s Costas Paris reports. Creditors reportedly want the company to reduce its more than $1.5 billion in charter costs by 30% before agreeing to debt restructuring. The sources of HMM’s distress are familiar: not enough demand, and too many ships on the water. That HMM says it needs such a deep reduction in charter rates just to stay in business is a sign that the company expects the shipping industry’s woes to be deep and long-lasting." Read more
Growth of Equipment Rental Predicted to Fuel Demand for Construction Equipment Until 2019, Says Technavio (Business Wire)
"According to the latest research report released by Technavio, the global construction equipment market is expected to reach USD 189.1 billion in revenue by 2019." Read more
$500 Million TIGER Grants Available from DOT (Construction Equipment)
" U.S. Transportation Secretary Anthony Foxx announced today that $500 million will be made available for transportation projects across the country under an eighth round of the Transportation Investment Generating Economic Recovery (TIGER) competitive grant program."Read more
Detailed Examination of the United States Mining Equipment Development Trend Analysis and 2021 Prospects Report (WhaTech Market Research)
"The United States Mining Equipment Industry focuses on United States major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out." Read more
