Manitowoc crawlers to headline WW Auctions sale
March auction will see crawlers and bulldozers go under the hammer
A number of 200-250 tonne Manitowoc crawler cranes, seven 41-tonne container handlers, 400 amp weld sets and a selection of Grove AT and RT cranes are some of the highlights of WW Auctions' upcoming UAE auction, according to the firm's regional sales VP, Keith Lupton.
The auction with be held March 12-13-14 at the company's Jebel Ali site in Dubai.
"We are busy out in the field door-knocking and contract signing," said Lupton. "The website is added to daily, and varies from light towers to D10 bulldozers."
Lupton said that current hot ticket items in the Gulf include late model / low hours motor graders - for which there is perennial demand - wheel loaders and PTR compactors.
The used equipment market continues to favour buyers to some extent, said Lupton, though it remains difficult to purchase late model/low hours equipment, and much equipment has left the Emirates.
"An awful lot of equipment has left the Emirates, going to Saudi Arabia, Iraq and West and East Africa, leaving either items mortgaged to the bank or old machines not in good condition," he said.
"The dealers of new equipment stand to benefit if they have stock, but they also have been cautious. The traders have been very subdued, buying only what they have an order for."
Japan, despite a weakened Yen (the currency has fallen 7% in 2013, and fell 11.3% in 2012), has need internally for its own construction projects following the 2011 Tohoku earthquake, said Lupton.
He added that there is "a slight tone of returning confidence" to the used equipment trading market, with Central Asia doing a bit of buying at auction.
However the impact of a number of big project announcements in the UAE is yet to trickle down to vendors of used equipment here, he said.
Civil disturbances in the Levant and insecurity in South Asia are continuing to disturb confidence in the Lower Gulf, he said.
"There is still a severe 'angst' in the market (actually worldwide) as to where are things are heading.
"The project awards are not the sole arbiters of the plant and transport market; one needs confidence to trade, ie buy/sell.
"One needs stability to carry out trade and civil disturbance in the streets do not enhance commerce."