by Arun Bhimani and Simo Hoite
New cranes are replacing old cranes, especially at the larger and older European, U.S., and Asian ports. Increasingly, these older cranes are put up for sale, and buyers are finding some good bargains. This paper looks at some of the typical characteristics of available used cranes, discusses modification options and their costs, and looks at the issues crane buyers and sellers need to consider when entering the used crane market.