The global ship-to-shore (STS) cranes market is estimated to grow at a CAGR of nearly 6.2% during the forecast period. Rising international trade has encouraged port operators to increase their container handling capacity. Approximately 80% of the global trade is conducted by the sea which increases the need for ports across the globe. Several port operators have automated their operations for faster and reliable operations in their terminals. This, in turn, is leading the demand for ship-to-shore cranes to improve the speed and load capacities in terminals. For instance, South Carolina (S.C.) Ports are constantly investing in modern equipment at its terminals and are integrating the port with the capabilities required to handle increasing cargo volumes and mega container ships.
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As a result, in October 2019, S.C. Ports have received three new STS cranes, with 155 feet of lift height to Wando Welch Terminal. These are electric cranes that are extremely tall and have a broader reach that allows crane operators to effortlessly move containers back and forth on 14,000 twenty-foot equivalent container units (TEU)-and-above vessels. With this addition, the terminal has 4 cranes with 115 feet of lift height and 11 cranes with 155 feet of lift height. All STS cranes at the Wando Welch terminal will have 155 feet of lift height by 2021. Further, in March 2021, Hugh K. Leatherman Terminal is expected to open that will also receive new STS cranes this year. S.C. Ports will have the ability to handle four 14,000 TEU ships simultaneously, and a 19,000-TEU vessel by 2021.
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Further, in May 2020, Abu Dhabi Terminals received five new STS cranes from Shanghai Zhenhua Heavy Industry Co. Ltd. (ZMPC) in China, as a part of its continued expansion efforts. Each of these new five STS cranes with a 52-metre height, a lifting capacity of 90 tonnes, and 73-metre reach are integral to striving plans which is intended to increase capacity at Khalifa Port Container Terminal (KPCT) to 5 million TEU (twenty-foot equivalent units) by the end of 2020. This will play a crucial role in the technologically advanced operational environment of Abu Dhabi Terminals at Khalifa Port.
Moreover, in September 2018, Kalmar, part of Cargotec Corp. signed an agreement with Curaçao Port Services B.V. to deliver two Kalmar STS cranes, including related spare parts The Panamax size cranes will be utilized to advance the container handling operations of the customer at the Willemstad Container Terminal in Curaçao. The cranes are anticipated to be delivered by the end of 2019. Willemstad port is the largest port of the island. At the Willemstad Port, two Nelcon-Kalmar STS cranes are currently operating by the Curaçao Port Services B.V. with nearly 400 meters total berth length. Therefore, the emerging focus towards increasing the container handling operations is primarily driving the global STS cranes market.
Global STS Cranes Market- Segmentation
By Power Supply
- Electric
- Diesel
- Hybrid
By Outreach
- < 40
- 40-49
- 50-60
- > 60
