Latest news with #ZPMC
Zawya
21-07-2025
- Business
- Zawya
Drydocks World launches competition to name Middle East's mightiest crane
Drydocks World, Dubai's original shipyard and a DP World company, has launched an emirate-wide competition to name a major new addition to its world-class engineering portfolio—a 5,000-tonne floating crane. As the largest of its kind in the Middle East and Africa, the crane represents the latest in a series of groundbreaking engineering innovations, underscoring the company's ongoing commitment to maritime excellence. Opened in Mina Rashid by the visionary ruler of Dubai, the late Sheikh Rashid bin Saeed Al Maktoum, in 1979, Drydocks World stood at the forefront of the UAE's rise as a global maritime and industrial hub. For over four decades, the shipyard has repaired some of the world's largest tankers and built cutting-edge floating infrastructure. Now, Drydocks World is inviting all residents—from engineers and students to poets and business pioneers—to help give this colossal machine a name that reflects its purpose and significance. The Floating Sheerleg Crane is being constructed by Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) and will be delivered to Dubai in the summer of 2026. But the name must be finalised now, before it is permanently engraved onto the crane during fabrication, becoming part of its identity for decades to come. Designed to lift loads of up to 5,000 tonnes to a height of 120 metres above water, the floating crane is being hailed as a modern marvel of maritime engineering. Once operational, it will strengthen Drydocks World's ability to deliver mega maritime and energy projects. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said, 'This crane is more than machinery. It's a symbol of Dubai's ambition, resilience and engineering excellence. We are building something extraordinary. Now we invite the people of Dubai to help give it a name that reflects our shared values, heritage, and vision for the future.' Captain Rado Antolovic, PhD, CEO of Drydocks World, added, 'For over 40 years, Drydocks World has supported the UAE's rise as a global maritime hub. This new crane represents the next leap forward in scale, capability, and innovation.' With a maximum lift of 5,000 tonnes, the crane can lift 400 double-decker buses or twenty-five wide-body aircraft. When fully extended, it's 180-metre reach matches the rooftop height of the iconic Burj Al Arab, placing it among the most powerful and visually impressive cranes in the world. The competition is open to all residents. Participants are invited to suggest a name with cross-cultural appeal, symbolising strength, maritime heritage, innovation and the UAE's future. Entries must include proposed names in Arabic or English, along with a brief explanation of its meaning and inspiration. Names will be shortlisted by a panel of experts including Drydocks World leadership, Emirati cultural figures, and branding specialists. With the F1 Championship set for another thrilling ending at the Yas Marina Circuit in December, DP World is giving one lucky fan the chance to win a signed full-size 2025 McLaren Racing helmet.
Reuters
11-07-2025
- Business
- Reuters
US port operators seek to mitigate hefty expected tariffs on China-built port cranes
LOS ANGELES, July 11 (Reuters) - U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. The United States Trade Representative (USTR) earlier this year proposed tariffs of up to 100% on those cranes after China devoured market share in its bid to dominate maritime manufacturing as well as commercial and military dominance on the seas. China, via state-owned Shanghai Zhenhua Heavy Industries (ZMPC), now commands the global market and has supplied some 80% of the ship-to-shore cranes in the United States. ZPMC has more than 200 cranes in operation across nearly two dozen U.S. ports, including Houston, Los Angeles and New York. Each of those cranes costs anywhere from $10 million to $20 million. Countering that trend is a priority for the Trump administration, whose officials stated in meetings they intended to put an end to such purchases, said Carl Bentzel, president of the National Association of Waterfront Employers (NAWE), which represents terminal operators and other groups. Asked whether he expected the tariff rate to land at around 100% when USTR issues its pending decision on the matter, Bentzel said, "I've been operating under the position that that's the floor. This essentially is a ban on the use of Chinese manufactured cargo equipment." USTR and the White House did not immediately comment. Trump is not the first U.S. President to push ports to buy higher-priced cranes from manufacturers with ties to U.S. allies, including Konecranes ( opens new tab of Finland, Mitsui E&S (7003.T), opens new tab of Japan and Swiss-headquartered Liebherr. Joe Biden slapped 25% tariffs on ship-to-shore cranes from China in 2024 after the Cybersecurity and Infrastructure Security Agency, the Federal Bureau of Investigation and the National Security Agency publicly stated that China has sought to preposition cyber vulnerabilities in American critical infrastructure, including port equipment. U.S. officials also warned that modems, software and other technology in that equipment could be a backdoor for spying on military operations or used as kill switches to hobble port operations. Nevertheless, ports and terminal operators continued buying lower-cost Chinese cranes. "The inaction and resistance from the port operator community is focused on short-term cost savings and massively underestimates the ultimate cost of inaction," said William Henagan, a Council on Foreign Relations research fellow who was director for critical infrastructure at the National Security Council under Biden. U.S. port operators and representatives for ZMPC ( opens new tab in letters to USTR in May said security concerns linked to the cranes were out of proportion to the risk. Opponents also warned that the tariffs could heave billions of dollars of unexpected costs on the industry, stifling improvements meant to keep U.S. ports competitive. These days NAWE, one of the industry organizations representing terminal operators, is working to mitigate the impact of the new tariffs by asking for exemptions for previously ordered cranes and a transition period for the implementation of new duties. "We've chosen to work with them," Bentzel said.
Yahoo
11-07-2025
- Business
- Yahoo
US port operators seek to mitigate hefty expected tariffs on China-built port cranes
By Lisa Baertlein LOS ANGELES (Reuters) -U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. The United States Trade Representative (USTR) earlier this year proposed tariffs of up to 100% on those cranes after China devoured market share in its bid to dominate maritime manufacturing as well as commercial and military dominance on the seas. China, via state-owned Shanghai Zhenhua Heavy Industries (ZMPC), now commands the global market and has supplied some 80% of the ship-to-shore cranes in the United States. ZPMC has more than 200 cranes in operation across nearly two dozen U.S. ports, including Houston, Los Angeles and New York. Each of those cranes costs anywhere from $10 million to $20 million. Countering that trend is a priority for the Trump administration, whose officials stated in meetings they intended to put an end to such purchases, said Carl Bentzel, president of the National Association of Waterfront Employers (NAWE), which represents terminal operators and other groups. Asked whether he expected the tariff rate to land at around 100% when USTR issues its pending decision on the matter, Bentzel said, "I've been operating under the position that that's the floor. This essentially is a ban on the use of Chinese manufactured cargo equipment." USTR and the White House did not immediately comment. Trump is not the first U.S. President to push ports to buy higher-priced cranes from manufacturers with ties to U.S. allies, including Konecranes of Finland, Mitsui E&S of Japan and Swiss-headquartered Liebherr. Joe Biden slapped 25% tariffs on ship-to-shore cranes from China in 2024 after the Cybersecurity and Infrastructure Security Agency, the Federal Bureau of Investigation and the National Security Agency publicly stated that China has sought to preposition cyber vulnerabilities in American critical infrastructure, including port equipment. U.S. officials also warned that modems, software and other technology in that equipment could be a backdoor for spying on military operations or used as kill switches to hobble port operations. Nevertheless, ports and terminal operators continued buying lower-cost Chinese cranes. "The inaction and resistance from the port operator community is focused on short-term cost savings and massively underestimates the ultimate cost of inaction," said William Henagan, a Council on Foreign Relations research fellow who was director for critical infrastructure at the National Security Council under Biden. U.S. port operators and representatives for ZMPC in letters to USTR in May said security concerns linked to the cranes were out of proportion to the risk. Opponents also warned that the tariffs could heave billions of dollars of unexpected costs on the industry, stifling improvements meant to keep U.S. ports competitive. These days NAWE, one of the industry organizations representing terminal operators, is working to mitigate the impact of the new tariffs by asking for exemptions for previously ordered cranes and a transition period for the implementation of new duties. "We've chosen to work with them," Bentzel said. Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
ZPMC Shines at TOC Europe 2025, Exploring the Future of the Port Industry Together
SHANGHAI, June 25, 2025 (GLOBE NEWSWIRE) -- From June 17 to June 19, 2025, the annual event for the global port and container supply chain industry, TOC Europe, was held at Rotterdam AHOY Convention Centre in the Netherlands. As an industry leader, Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) actively participated, showcasing its latest innovations in cutting-edge technologies, green manufacturing, and smart ports, which fully demonstrated the overall strength and international influence in China's high-end equipment this exhibition, ZPMC's booth (D30) drew wide attention from industry giants including Maersk, PSA, TiL, DPW, CMA-CGM, ICTSI, and Eurogate. Delegates from ZPMC's marketing headquarters, customer service center, technical teams, and European regional headquarters engaged in in-depth discussions with clients on new technology applications for port machinery, customized solutions, intelligent upgrades, and service optimization. These exchanges strengthened partnerships and laid a solid foundation for global market expansion. ZPMC experts were invited to speak at the TECH TOC seminar, where they shared the company's experience and practices in carbon footprint management and green manufacturing—presenting what has come to be known as 'Chinese wisdom' and 'Chinese solutions' for sustainable development. In addition, ZPMC experts also delivered on-site presentations titled 'ZPMC Standardized RTG' and 'Smart Port Systems', highlighting the company's technological breakthroughs and integrated approaches to smart port construction. These sessions attracted a large number of professional attendees. Adding a cultural touch to the event, ZPMC organized Hanfu (traditional Chinese attire) experiences and live traditional dance performances at its booth. The vibrant display of Eastern aesthetics was warmly received and became one of the cultural highlights of TOC Europe 2025. Company: Shanghai Zhenhua Heavy Industries (ZPMC)Website: xueweihui@ +8618017766623Email: xueweihui@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
04-06-2025
- Business
- IOL News
China and South Africa deepen economic cooperation through trade initiatives
Strengthening ties: China and South Africa enhance cooperation through trade and investment Strengthening ties: China and South Africa enhance cooperation through trade and investment With China increasing its engagement in Africa, collaboration between China and South Africa is continuing to transforming trade, investment, and economic cooperation for both nations. This week, the Daily News was granted an exclusive insight from the Chinese Consul General in Durban Li Zhigong who shed light on vast opportunities waiting to be tapped into between both nation nations. In the interview with Zhigong, praised the the burgeoning partnership between China and South Africa. The Consulate General highlighted that he was taking firm steps to promote bilateral trade and investment, especially within KwaZulu-Natal, an area rapidly gaining recognition as a gateway for Chinese investment into the region. By facilitating business delegations, organising matchmaking events, and supporting trade expos, the consulate plays a pivotal role in creating fertile ground for both South African and Chinese businesses. Zhigong highlighted that major Chinese companies, including YOA Cabel, ZPMC, and NPC, have already made significant investments in the province. Their contributions not only boost the local economy but also forge deeper economic ties between China and South Africa. For South African businesses eager to tap into the vast Chinese market, the Consul General underscored the importance of leveraging existing bilateral trade agreements. He pointed out that events like the China International Import Expo (CIE) act as vital platforms for showcasing South African products, particularly wine, which has found a warm reception among Chinese consumers. Additionally, the recent opening of the Chinese market to South African avocados and soybeans marks a significant opportunity for producers in the region. Zhigong emphasised that provinces such as Guangdong, Fujian, and Guangxi—which are sister provinces to KwaZulu-Natal—regularly host trade fairs that encourage economic collaboration. He added that prospects in sectors like the digital economy, green energy, and advanced manufacturing continue to increment the appeal of the Chinese market for South African enterprises. These industries not only promise growth but also offer a diverse array of opportunities for collaboration. "Provinces like Guangdong, Fujian, and Guangxi—KwaZulu Natal's sister provinces—regularly host trade fairs and economic forums that provide platforms for cooperation. For example, the China- ASEAN Expo in Guangxi also highlights African participation. With opportunities in digital economy, green energy, and advanced manufacturing, China offers South African companies a growing and diversified market," he explained. In conclusion, the Belt and Road Initiative (BRI) has also emerged as a cornerstone in the framework of this evolving relationship. Zhigong detailed how the BRI enhances economic ties by promoting essential infrastructure development and facilitating trade, as well as encouraging people-to-people connectivity. In addition, various logistics and energy projects aligned with the BRI are already making a tangible difference in South Africa, integrating with the country's national development goals and promoting sustainable cooperation that benefits both nations, he explained.
