Category Archives: Crane Hire Company News

CRANE HIRE NEWS PERTH WA

Latest crane hire and construction news in Perth Western Australia by Ashburton Crane Hire Perth.

Ashburton Crane Hire Enters Luxury Home Market, Perth

  • Crane Apartment Construction Perth WA

CRANE HIRE USED FOR CONSTRUCTION OF LUXURY HOME PERTH

Ashburton Crane Hire, Perth is undertaking cranage and rigging works for the building development of a new 5 star high-rise apartment complex overlooking Perth city in Kings Park.

The duration of the luxury home building construction project near Perth's CBD is approximately 16 months. Construction uses mobile cranes from 25-tonne cranes to 100-tonne cranes from our mobile crane hire fleet to complete the luxury apartment building construction.

Iron ore – the great red hope for Australia

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Maybe this is the bottom for the iron ore price cycle, the great red hope for Australia and the government.

Maybe a resurgent price will deliver a windfall for the government, boosting the budget and helping them to avoid the need for tax reform.

The simple fact is that the iron ore price jump relates to China’s massive surge in new credit over the month of January. China created a record amount of new debt last month. The figure was an astounding $525 billion.

This is not the first time the iron ore price has received a boost from China’s attempts to stimulate its economy. During the iron ore bear market that began back in 2011, the iron ore price had big rallies in 2012, 2013, and a lesser one in 2015.
This is just another episode. The bottom line is that the market is in structural oversupply. The only way to improve the structure is via a falling price.

So this bounce will be short-lived, like the others. That’s especially the case because China isn’t managing its banking system very well. Soon after the news of January’s record credit creation, rumours surfaced that China would reign in some of the banks.
One minute they’re lending too little. The next they’re lending too much. In a major worry for the ongoing build-up of risk in China’s financial system, apparently, 75% of January’s credit creation went to corporate borrowers, an already heavily indebted sector.
Given the ‘not too bad’ reporting season so far, there’s no urgency coming from any quarter. The fact that the share market is more than 20% off its highs, and still nowhere in sight of its 2007 peak, has more to do with an ‘irrational’ market than the stark reality of the situation.

But don’t forget, the earnings numbers coming through now are up until 31 December. The market has already factored these results in. It’s looking ahead now, into the second half of the year.

The fact that the main market index, the ASX 200, remains in a strong downtrend tells you the stock market doesn’t see an economic resurgence coming anytime soon. That could change of course, but if you have respect for your money, take note of what the market has to say about any self-serving ‘opinion’.
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Extract of the article published by Greg Canavan,
For The Daily Reckoning

Transplanting Trees Perth

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MOVING BIG TREES IN PERTH

Ashburton Crane Hire was employed by Brookfield Multiplex for the relocation of palm trees from the Crown Casino to the new Crown Towers site in Perth. When we extracted the palm trees, the crane was lifting 13 tonnes. When cleaned and prepared for their relocation the weight was 7 tonne! Go figure! If you need big tree transplanting in Perth, then phone Ashburton Crane Hire helpful staff for a quote and information about our previous tree transplanting in Perth projects.

What kind of tree can fit into your hand?
A palm tree of course 🙂

Perth Tree Crane Lifting / Transplanting Project specs:

  • 100 Tonne Liebherr Crane
  • 6 x men involved with the relocation
  • 11 hrs work
  • Another project completed on time and on budget.

You always bark at the right tree with ACH! 🙂