02/05/2019
- Major highways gridlocked for hours at start of four-day break
- Chaos at railway stations as ticket-holding passengers turned away
Holiday crowds pack the promenade on the Bund along the Huangpu River in Shanghai on the first day of China’s May break. Photo: AFP
China’s Labour Day holiday started on Wednesday with gridlocked roads and chaos at railway stations as millions of people took advantage of this year’s unusually long break.
Motorists reported being stuck in traffic jams which did not move for hours, while ticket-holding passengers were turned away from some trains due to severe overcrowding on the first day of the holiday.
Travel agency Ctrip estimated that around 160 million domestic tourists would be travelling over the four-day break, according to data from travel booking platforms.
Forty major highways recorded a 75 per cent spike in traffic on Wednesday, according to Xinhua, as toll fares for cars were suspended for the holiday.
Tourists enjoy the first day of China’s four-day May holiday on a beach in Haikou, Hainan province, southern China. Photo: Xinhua
Monitoring stations on major routes – including the Beijing-Tibet Expressway, the Shanghai-Shaanxi Expressway, Shanghai’s Humin Elevated Road and the Beijing section of the Beijing-Hong Kong-Macau Expressway – recorded a 200 per cent increase in traffic from Tuesday onwards, Xinhua said.
The Ministry of Public Security’s traffic management bureau has warned holiday motorists to drive safely, especially on winding mountainside routes.
Online news portal The Paper reported on Thursday that traffic jams on some major routes were so severe that the drive from Shanghai to Hangzhou, capital of neighbouring Zhejiang province, took some travellers seven hours instead of the usual two.
Passengers board the train at Chongqing North Railway Station in southwest China on Tuesday, hoping to beat the May holiday travel rush. Photo: Xinhua
Meanwhile, more than 54,000 tourists visited the popular Badaling section of the Great Wall on Wednesday, according to Beijing Youth Daily. The attraction’s management team had increased the number of volunteers, parking spaces and shuttle buses to prepare for the influx, the report said.
More than 53,000 tourists had visited the Shanghai International Tourism Resort and Shanghai Disneyland by 4pm on Wednesday, according to data from the Shanghai municipal government’s real-time visitor tracker. The Shanghai Zoo attracted more than 24,000 people, and more than 9,200 visited the Shanghai Science and Technology Museum.
Despite the crowds, no records were broken at the Shanghai attractions, which reached about 70 per cent of their maximum visitor numbers recorded, The Paper reported.
At railway stations, ticket-holding passengers were stopped from boarding trains between Nanjing and the city of Zibo in Shandong province, eastern China, due to severe overcrowding, Beijing Youth Daily reported on Wednesday.
Station staff promised full refunds to customers with pre-booked tickets who were refused entry.
Source: SCMP
Posted in Badaling section, Beijing Youth Daily, Beijing-Hong Kong-Macau Expressway, Beijing-Tibet Expressway, Chaos, China alert, Chongqing North Railway Station, Gao, Great Wall, gridlocked, Haikou, Hainan, Huangpu River, Humin Elevated Road, influx, Labour Day holiday, Major highways, Ministry of Public Security, Nanjing, parking spaces, railway stations, roads jammed, shandong province, Shanghai, Shanghai Disneyland, Shanghai International Tourism Resort, Shanghai Science and Technology Museum, Shanghai to Hangzhou, Shanghai Zoo, Shanghai-Shaanxi Expressway, shuttle buses, The Bund, The Paper, traffic management bureau, Travel agency Ctrip, travel booking platforms, Uncategorized, volunteers, Xinhua, zhejiang province, Zibo |
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13/04/2019
- Shanghai Zhenhua Heavy Industries now exports quay cranes, gantry cranes to more than 300 ports in 100 countries, with 70 per cent of the global market
- China International Marine Containers Group (CIMC), took a little more than a decade to become the world’s largest maker of shipping containers
Quay cranes along a berth at the Yangshan deep-water port in Shanghai on September 14, 2011. Shanghai Zhenhua Heavy Machineries, established in 1992, has grown along with the explosive development of China’s ports to control 70 per cent of the global market for cranes, loaders and lifting equipment used in ports. Photo: Xinhua
The explosive growth of China’s container ports has turned one of the most important vendors in shipping into a best-in-class industry leader, whose cranes can now be found in 300 wharves in 100 countries, with 70 per cent of the global market share.
Shanghai Zhenhua Heavy Industries, a unit of China’s state-run construction behemoth China Communications Construction Company, makes quay cranes, gantry cranes, loaders and stackers used for loading and unloading shipping containers. It also developed the infrastructure for the automated berths in Phase IV of Shanghai’s Yangshan port, and in Qingdao.
Its net profit jumped 47.6 per cent last year to 443 million yuan, while sales was little changed at 21.8 billion yuan (US$3.25 billion).
“It is a major showcase of China’s manufacturing capability,” said Sun Can, a Chuancai Securities analyst. “The company has its own technologies and is a powerful player in the global port machinery industry.”
Why China now has six of the world’s 10 busiest container ports
Established in 1992, the company was formerly known as Zhenhua Port Machinery for its speciality in making lifting equipment on the harbourfront. Taking advantage of China’s low wages, Zhenhua quickly carved out a big chunk of the global market share by selling machines at lower prices than its competitors.
The company’s former chief executive Guan Tongxian, a confessed workaholic known for his hard-driving working ethic, retired at the age of 76 in 2009, the same year that the company renamed itself to reflect its forays into marine transport and installations, as well as the construction of special steel structures including the Las Vegas Ferris wheel, the San Francisco-Oakland Bay Bridge and Norway’s Hardangerfjord bridge.
Rows of gantry cranes standing along the Huangpu River in Shanghai on 26 June 2002. A consortium of Chinese domestic banks provided a 17 billion yuan (US$2 billion) credit line toward the construction of Shanghai’s Yangshan deep-sea container port. Photo: AFP
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Listed on the Shanghai exchange in 1997, Zhenhua’s shares have risen 41 per cent in the past 12 months, ending 2.1 per cent lower at 4.46 yuan on Friday. All three analysts who cover the stock recommend their clients either “buy” or “accumulate” the stock, expecting Zhenhua to be a major winner in China’s megaplan to build infrastructure along the old Silk Road in its Belt and Road Initiative (BRI).
Another major company that has emerged with China’s rising tide was China International Marine Containers (Group), or CIMC, a unit of the state-run conglomerate China Merchants Group. Established in 1980, the company took a little more than a decade to dominate the global industry, becoming the world’s largest maker of shipping containers since 1996.
Visitors look at rows of containers at the Yangshan deep water port in Shanghai on April 6, 2006. Photo: AP
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Net profit jumped 34.7 per cent to 3.38 billion yuan last year, while sales rose 22.5 per cent to 93.5 billion yuan.
The company has also diversified into land transport and vehicles, boarding bridges used in 200 airports around the world and even the development of industrial parks.
Guosen Securities said in a research report that CIMC would face lower profit margin this year amid rising raw material costs and fiercer competition from global rivals.
Its shares have risen 43.7 per cent in the past 12 months on the Shenzhen exchange to 15.20 yuan as of Friday.
Source: SCMP
Posted in Belt and Road Initiative (BRI), building frenzy, Chief Executive, China alert, China International Marine Containers Group (CIMC), containers, cranes, gantry cranes, Guan Tongxian, Hardangerfjord bridge, Huangpu River, International Marine Containers (Group), Las Vegas Ferris wheel, Norway, ports, Qingdao, quay cranes, San Francisco-Oakland Bay Bridge, Shanghai, Shanghai Zhenhua Heavy Industries, Shenzhen exchange, shipping containers, Silk Road, trade boom, Uncategorized, wharves, workaholic, world market, Yangshan deep-water port, Yangshan port, Zhenhua Port Machinery |
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