IC50 2018: slower growth
By Alex Dahm02 July 2018
Again, the growth in the IC 50 was by a smaller percentage than the previous year (in 2017 it was 6.1 per cent) but 2018’s table is still holding up well, showing a healthy increase of 5.48 % in the Top 100 companies’ IC Index value.
Almost everything else was also up in the totals for the top 100 companies, other than the number of depots and employees. Last year the number of depots was up 4 % whereas this year it was down, albeit by just -0.46 %, or seven fewer depots. More of a surprise and a much bigger drop was a -14.4 % fall in the number of employees, from 226,514 in 2017 to 193,826.
In terms of the numbers of cranes in the top 100, it was a turnaround for both types from last year. Wheeled mobile cranes this year were up by 4.6 %, or 1,146 units on 2017 when they were down -2.9 % or 742 units, on 2016. Similarly lattice boom cranes this year were up 1.9 %, or 128 units, on 2017, compared to a decline of 1.9 % or 126 units, the year before.
Numbers of units in the ten largest fleets of mobile cranes compared with 2017 were also up. For wheeled cranes the total number was 10,431 units, up an impressive 8.6 % on the 9,608 total in 2017. For lattice boom cranes, the increase was smaller, up 0.5 %, from 3,297 to 3,314 units.
Looking at the top 20 companies ranked by their IC Index, everything was up from last year. Wheeled mobile cranes were up 8.2 % or by an impressive 828 units, and lattice cranes were up by 2.2 % or 85 units. Another 1,071 employees were added to the top 20 companies’ workforces, an increase of 3.5 % on 2017. Just two more depots were added by the top 20 companies. That was a 0.4 % rise compared with 1.6 and 5.6 % increases in the previous couple of years.
Fewer wheeled mobile cranes in the top 100 was a trend for several years while the number of lattice cranes was increasing. It is encouraging to see an increase in the number of units for both types this year, in the top 100, in the top 20, in the top ten largest fleets and also in the Basket of Ten (now Eight – see box story) sample.
Where are they?
In terms of position, from the top, Mammoet retains its number 1 slot where it has been every year since the beginning. Sarens retains second place and has increased its capability by . Other non-movers in the top ten are Lampson, Sanghvi Movers, All Erection, Bigge, and Weldex, in 5th, 6th, 7th, 8th and 10th places, respectively.
Movers are UK-based ALE, up one place to third, swapping again with Maxim, down one to 4th. Having kept its fleet the same for several years, ALE has suddenly increased its capability by a whopping 40 %, now it has further developed the range of AL.SK series super heavy lifters. Buckner Heavy Lift Cranes is up two places into the top ten at 9th. It displaces and changes position with Tat Hong, down to 11th, which has reduced its fleet capability by 16 % in the last three years.
Looking further down the table, notable movers include Al Faris, up three places having increased its capability by more than 10 % in the last year. It has moved up nine places since 2016. Fagioli has climbed an impressive 20 places by heading towards doubling its IC Index as a result of adding to its lattice crane fleet. Aertssen Kranen in Belgium has made up four places to 40, even without including its acquisition of Michielsens (133rd place) earlier in 2018, which for now, Aertssen says, will continue to be run as a separate business.
The overall total number of entries is up for this year, to 213, as against 195 in 2017. The 2018 total combined IC Index for all 213 companies is 27,876,281, up 6.2 % on 2017’s total of 26,251,109.
It is good to see 25 new entries in the total table, three of which are returning entries. Most of them are from the USA and appear here as a result of hard work put in by ICST sister mag American Cranes and Transport for its ACT 100 listing. Notable, however, is that one is from Myanmar, another from Kuwait, one from Brazil, another from Turkey and Canada. Highest new entry, at 74, is Mr Crane from USA, followed by Jassim Transport and Stevedoring from Kuwait at 82. Close behind are Joyce Crane at 90 and Laramie, a returning entry, at 97, both from the USA. So that is four in the top 100.
The basket of eight
Last year upset was caused to the long-running Basket of Ten sample of larger companies. It was as a result of one of them, Maxim, acquiring two of the others, AmQuip and Essex, making it now the Basket of Eight. The group was formed using the top ten companies in the 2009 IC 50 and has been running ever since, tracking the changes each year.
Last year it was planned to create a new group of ten this year but now we will retain the eight and see how it pans out. The companies are as follows: Mammoet, Sarens, Lampson, Sanghvi Movers, All Erection, Tat Hong, Al Jaber and, of course, Maxim, now including Essex and AmQuip, following their acquisition in September 2016 and April 2017, respectively.
As it happens, in the now Basket of Eight, all but two of the compared totals are up from last year. There are 693 more employees, 736 more wheeled cranes and 10 more lattice cranes. The total IC Index for the sample is up 1.3 % from last year to 11,323,468 – up an enormous 80 % on the 6,294,798 total of the first Basket of Ten in 2009. The two lower totals are by minimal amounts; the number of depots, down by two, and the total capacity of the largest cranes, down by just 278 tonnes.
NOTES FOR IC 50
Companies are ranked by their IC Index, calculated as the total maximum load moment rating, in tonne-metres, of all cranes in a fleet. All companies in the list, plus other prospective ones, have the opportunity to supply fleet information and other data for inclusion in the ranking. Where companies supply the full data the figure used is calculated by them. In some cases, where no data is submitted, or is incomplete, we have based a company’s equipment fleet figure on an ICST estimate. In cases of insolvency, acquisition or lack of information, companies are withdrawn from the table.
While we make great effort to ensure the accuracy of information provided, it cannot be guaranteed and ICST accepts no liability for inaccuracies or omissions.
The IC 50 Index will next be updated in the first quarter of 2019. If you think your company should be included please contact ICST for an application form. Note that tower cranes are not in the main IC 50 table here because they appear separately in the special IC Tower Index published in the September issue of ICST. Similarly, specialized transport equipment is also featured in a separate ranking, the IC Transport50, in the August issue of the magazine.
For the full IC 50 story and all the rankings, see the June issue of International Cranes and Specialized Transport magazine. Register to receive a regular copy at khl.com
Joy Division - Unknown Pleasures (1979) Full Album