Demag CC4800 – Europe’s largest cranes has arrived at a Tyneside firm
Marine company Shepherd Offshore have bought the crane – which can lift up to 700 tonnes – from a company in Houston, Texas.
Workers at the firm are currently off loading it before it will be erected at Neptune Yard.
Once built the crane is expected to dominate the skyline and will become one of the biggest port cranes in Europe.
Freddy Shepherd, who owns the Shepherd Offshore business on the north bank of the Tyne, said: “The stuff we have here is increasing in size.
“The crane is unbelievable and can lift 700 tonnes.”
Mr Shepherd, former Newcastle United chairman, said the Demag 4800 crane, which was bought in a double-figure deal, would take two days to unload and a further six days to build.
It should be up and running in the next two weeks.
The news comes just months after the company bought land, which included the Grade II listed Thermal Syndicate Ltd building, in Wallsend.
They are aiming to expand its multi-million pound Neptune Park renewable energy operation to Hadrian Road, after buying the 10-acre site for an undisclosed fee.
The plans could create as many as 150 skilled jobs and will continue the revival of the banks of the River Tyne after the loss of shipbuilding.
Bruce Shepherd, who owns Shepherd Offshore alongside his brother, said: “We are going to develop the site.
“We are reviewing the site now to bring it back into operation and we are talking to the people doing the feasibility study.
It is a listed building and it is of great importance to North Tyneside and Wallsend.
It has been used in its life for many things. It was a glass blowing factory but before that it was a power station which was the first in the world to make electricity.
We will be reviewing our investment strategy over the next few weeks to extend Neptune Energy Park and will be working with North Tyneside Council.”