BEML to jointly develop marine cranes with South Korea’s HD Hyundai

Economic Times
Economic Times
6d ago • 4 views
BEML Limited has teamed up with South Korea's HD Hyundai to develop advanced marine cranes in India, enhancing local port infrastructure and reducing imports.
BEML to jointly develop marine cranes with South Korea’s HD Hyundai
A What happened
BEML Limited has entered into a partnership with HD Korea Shipbuilding & Offshore Engineering Co. Ltd and HD Hyundai Samho Heavy Industries to develop advanced maritime and port cranes in India. The collaboration will focus on designing, manufacturing, and supporting both conventional and autonomous cranes. This initiative is expected to modernize India's port operations and infrastructure, significantly reducing the country's dependence on imported cranes. The cranes produced will be high-capacity, smart, and energy-efficient, aligning with the future needs of port expansion and shipyard automation. This move is particularly significant as the market is currently dominated by the Chinese company Shanghai Zhenhua Heavy Industries Company, which holds a monopoly in the ship-to-shore crane segment.
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Key insights

  • 1

    Boost to Indian Manufacturing: The partnership aims to enhance local manufacturing capabilities in the crane sector.

  • 2

    Reduction in Import Dependence: Developing cranes locally will decrease India's reliance on foreign imports.

  • 3

    Focus on Energy Efficiency: The new cranes will be designed to be energy-efficient and smart.

Takeaways

The collaboration between BEML and HD Hyundai marks a significant step towards enhancing India's maritime infrastructure and reducing import reliance, which could lead to improved operational efficiency in ports.

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