Crane Logo Design

Project Brief: I need a reconstruction on an existing logo. I need more detailed and professional looking logo made from the logo attached. The construction should be similar.
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This is a company logo and the company specializes in crane and hoisting work. We have two trucks equipped with cranes one 85 ton meter and one 13 ton meter. The crane in the logo represents the crane work and the name Þorgeir is the name of the company. So in the logo the crane is hoisting the name. I wanted however to get a better construction on the logo, the crane could look better and the strings attached to the text could look better. There could also be a font more suitable for the logo then the one in the logo.