Tat Hong's tower crane rental rates surge an impressive 79.7%

Even crawler rates improved tremendously.

According to DBS, Tat Hong is one of the world's largest crane companies in the world.

In June 2011, International Cranes & Specialized Transport magazine's IC50 Ranking positioned TAT first in terms of fleet size of crawler cranes and eighth in terms of aggregate tonne-metres.

Both crawler and tower crane rental utilisation rates improved (+4.6 ppt to 72.5%/+9ppt to 79.7%, respectively) on increased construction activities across Asean, Hong Kong and mining/resource activities in Australia.

Here's more from DBS:

We are positive on fleet utilisation and rental rates going forward, supported by robust crane demand in contrast to the tight crane supply situation in the market.

Regional construction projects and oil & gas projects in Australia remain buoyant, while limited production capacity of crane manufacturers will ensure that crane rental demand continues to outstrip crane supply. Hence, we remain optimistic on TAT’s fleet utilisation and rental rates going forward.

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