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Luxury Chinese Boat Launches, Sinks Immediately
The following video is just replete with floundering symbolism of the Chinese economic miracle. One explanation for the fiasco: the boat's hold was filled with copper...
Via gCaptain:
Details of what actually went down in this incident are bit fuzzy being that most every report is in Chinese, but from what we gather, a highly anticipated luxury leisure boat being built by the city of Lanzou located in the Gansu Province of China nearly sank immediately after the vessel was launched on September 29th. The vessel, the SS Jiugang, reportedly cost over 17 million RMB (over $2.5m USD) and its launch failure was salt in the wounds for the already expensive and highly questioned project.
Thankfully, the vessel was not a total loss. The SS Jiugang was salvaged and is currently undergoing repairs for a second launching to be held soon.
We can't wait for the video from that one.
As for the first, here it is:
h/t Dan
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Oh, the irony!
China's Economic Titantic, bitchez
What's the difference between a $2.5 mm boat and s $90 mm F35?
Answer: $87.5 mm
vertical take off and landing?
http://www.youtube.com/watch?v=RjbNs8iQSjY&feature=related
If you want really really really expensive mistakes. You need rocket scientists.
http://www.youtube.com/watch?v=TVMbNQQKjiA
Interesting list. Chernobyl at #1, at $200 billion. No doubt the Gulf oil spill would make that list, as would Fukushima, which will eventually be #1.
SS Jiugang - how is that pronounced?
SS Jew Gang?
RAFF OUT ROUD
David Fingold says the EU will need a few trillion... or 5.
http://watch.bnn.ca/#clip548345
ROR?
I'm stealing that for every Chinese story ;-)
"Me so haw-nee !"
http://www.freewebs.com/panho/fmj3.JPG
They need the good ol' Captain Ron
http://www.youtube.com/watch?v=INdnU2RB-Yg
Awkward...
great leap forward
a ten minute tour.
How will Cameron make a 3 hour epic movie with Leo outta that?
This is wonderful, now Lanzou will gain the economic benefit of the salvage and refit operation. We can only hope it will sink again when it is realaunched.
Is that you, Paul K? Good to see you on the ZH, I knew you lurked here!
Long the YUAN...
See, the need a floating currency!!!
If they'd just stop manipulating their currency this would all be a lot easier.
"luxury..." ?
Gilligan!! Errr, umm.. Goh Lee Chan!
Girrigan hepped da pwofessah makada boat.
Arrrrr mates! Well shiver me fan tail, it's all wet!
So they're trying to launch a boat a top plastic buoys? Yep, China is booming.
In China, boat launch you.
Those are lifting bags. They are designed to do what they were trying to do with them. They were simply not doing it correctly.
Yeah, well they have been trying to be cost efficient on everything they produce, like using paper marche as concrete.
hey keynsians.......thats a boost to the economy. now we get to build another boat.
Now that was funny :)
It's like watching my own collegues at work :)
The problem wasn't the boat, it's a river boat! Launch it from a drydock!
Chinese govt announces successful launch of their new leisure submarine..
(it's all in how you sell it...)
FTW.
Now you are one evil marketing dude. LOL
well one-way submarine....it doesn't come back up to surface.
"We are rive in a yerrow submarine, a yerrow submarine..." http://www.youtube.com/watch?v=cJUASOzGrUw
Made in China.
i understand something different when speaking of luxury - the only thing i see:
crappy boart
stupid people
dirty river
weird noise
I do think that they can turn the river blue if they wanted to, any colour of the rainbow if needed
Let's see, add a little anti-freeze and...
The text on the side of the boat... Does it say "Europe" in chinese? Is this a hidden message from Beijing to Mercozy to piss off? Lol!
failure to launch : http://www.youtube.com/watch?v=FBJ9ue6GKek
as she was put to sea she disappeared into the muddy waters
Chinese military rebranded the rocket as a close-range missile for wiping out an entire village.
They're making the French look competent...
hope they had floaties like these. http://hedge.ly/gFWVSm
Spaulding get your foot off the boat!
Looks like a ferry not a luxury leisure boat. For anyone brave enough to climb aboard, it may well be their ferry across the river Styx.
Well the USA is totally f***k'ed with freeloaders, illegals, Obam supporters and union goons but 14 year old kids in many American neighborhoods could have built a safer "boat."
Ditto the Europeans. The Chinese never really projected much sea power though some claim they did. The Norwegians and Dutch are among the smartest people around water. The Germans make these state of the art silent subs. The Finns make these huge floating cities in ugly modern cruise ships. The South Koreans can build supertankers.
Keep the Chinese away from water. They don't have a ****ing clue.
Problem easily fixed: "Chinese successfully launch Luxury Submarine". See, all better now...
They launched a high speed rail system last year:
http://www.youtube.com/watch?v=UBhQhKWOZmk
OT. six people shot dead at the end of my block. crazy gunman. I'm not sure of the status of the gunman. People are really starting to lose it.
Where you at?
Seal Beach?
http://www.bbc.co.uk/news/world-us-canada-15284053
Impossible. CA banned all guns for citizens - though Obama and the ATF gave illegal alien drug gangs many guns. My guess is this is another Fast & Furious story. Not far from Issa's district too.
I just googled "six shot" and hit news to see where this was.... in the last 24 hours alone it could be: Milwaukee, Memphis, Newark, or the CA hair saloon..... oops, Memphis is three weeks old... still...... We're gonna need a bigger boat...... WTF!!!!! CB
Available at all Walmarts in December!
Well, they are supposed to land on the moon in 2014? Can't wait!
It's just a little touring boat in wild-west Gansu Province. Ridiculously small time - rolling it off logs?
Really, not a big deal. Give it a rest.
Haha.
Obviously, the Chinks in Gansu are exactly the same as the Chinks in Beijing.
Even though there are only 1.3 billion of them. And 850 million Europeans. And yet we don't think of Germans and Croatians as the same.
Americans, once revered for their innovative brilliance, are fucking retarded.
No wonder this beautiful country has gone to shit. Morons.
chinese junk
No pun intended? Possibly too much lead in the hull paint?
Stick to making plastic toy boats instead.
Now thats funny!
I noticed that there appeared to be no traditional Champagne christening. What do they expect?
imported champagne costs money, besides they only have trillion dollar bills. lulz
Hope the market is treating you well Buzz. You have helped me. Good trading week to ya! Yen
Hi Yen!
I wouldn't call what I do "trading". Got out of bonds too early (end of september), but didn't miss what I think was the top by much. Made a capital gain on the whole thing even though I was buying while others mocked and I overpaid at times. I would like the stock market to go down by the end of October, but other than that I don't get too excited about things. Good luck 2U.
Thank you for taking the time to respond. I would suggest a[dxy} usd) bounce around the 50% fibi. I think the Financial Times was on to something. Shrinkage/
I won't comment on your thoughts. as I think they are correct!
Yen - Aussie/USD came roaring back...thoughts?
Some one had an idea. The 50% percent ( on the 93 -parity move) with a risk reward of 150 pips looks decent right now
Albeit you could play the the big move from just under 1.11 , and the retrace to 1.07 and the 61.7 fibi.
I really like the 50% on the over all move. Thanks for asking.
Too mucha gwass.
They built the boat before they built a pier. Or a ramp. Or a raft to keep the rear end afloat as they got the whole boat in the water. or even some rollers. or duffel bags filled with volunteers. Someone's learned about gravity the hard way.
It looks to me like they built it beside a muddy creek.
Agreed. I don't know much about launching a boat but this just looked all wrong.
Xi-Ping fail.
They forgot to demand foreign partnership to tranfer that technology because they thought that wasn't essential.
I especially like the project manager irritatedly waiving his hands around at the camera immediately before it stops taping. Too funny.
Was it insured by AIG? Or is it just immitating their housing market?
Sorry to say, but that's hella more than just forgetting your stern plug.
What was the name of the boat?
She was called the "Century of China"
Invoke the Solyndra excuse: Nobody's to blame, a certain number of boats are going to sink.
part of the new one boat policy.
This vid almost made up for the ass raping I recieved today...
That piece of shit cost $2.5m USD?!?!?!?
hahahahahaha...
That confirms every defect I have ever had from a chinese made product. They SUCK.
Too much liquidity in all the wrong places dragging down the ship.
Attempting to launch the boat from a "soft patch" on the riverbank was clearly part of the problem, too.
I don't know much abut boats, but it looks a bit top heavy to me. It looks as though the hull needs to be broader and/or deeper.
It looks like someflat hulled river boat that could have a covered area for seats. They add a bunch of sh*t up top and weight. I doubt it will work or be safe.
Oddly, the USA about 150 years ago had riverboat paddle wheel steamers for sort of the same design but they actually floated.
Stupid gooks. Ugly boat. Third world outcome.
The name of the boat is the: IPO.
LOL! That shitty river reminds me of Muddy Waters - the research guy who busts the chinese scammers asses.
SS Sino Forest
Run for your rife!
http://www.bumhits.com
Bullish right?
I forgot to put the plugs in my boats hull once also. It could happen to anybody.
yeah i did that once too. unfortunately all my guns and pm's were on board when she went down.
have you seen their new aircraft carriers?
Whatever floats your boat...
Apple's new iSink app...
Classic! The CYN- boat was loaded down with too much copper, from todays fiasco. They can still exchange it for AUD, it's at the 50% fibi on the move from August 2011. sarc/ ?
Bang Dai Ho: Ha! Many people not know China boats named after girls.... because when get old or overweight both will go down fast, down hard. No Chi-knee pun intended!
Ya but they made 60 yuan storing the copper for the banks.
I wonder if they'll give you 20 yuan to mule around 5 lbs of copper in your butt over there. That'll work till everybody starts pulling supplies of copper out of thier ass and crashes the price.
+1, I'm still choking on some rare earths<
Forward thinking. They launched it in some two bit shit hole, hoping no one would see that it was not seaworthy.
Actually, it looks like the other way around: a perfectly seaworthy boat, launched in a totally incompetent and dirtcheap way.
Now THATS funny.
I think they will learn from their mistakes.
Hop Sing? Fred C. Cobbs? Were you a F>>king GunFighter in the " Mid 19th century?"... Railroad tracks...
There goes the USS Ron Paul - sunk on the day Iran, finally to him, became a threat.
made in china.
Wow. Thanks for making wine come out my nose.
Guess we shouldn't be too worried about their new carrier.
That's one "Relic" that deserves to be " UN/Discovered"! I hope the Aircraft carriers are on { PAR} >?
I've watched this 3 times and it's still hilarious.
Boat was filled w/copper my arse....................
Any excuse to save FACE, typical Chinese egomaniacs.
Rather die than admit the boats design sucked.
Could have been worse, well.........there goes a Carrier!!!!!!!!
Ummm.... i know you're on a roll, but even if its design may or may not have been crap, the boats design hat little to do with it sinking, and how to launch it, had everything to do with it. Those retards simply had no clue how to launch a boat.
Why don't you " SINO" folks , use real names? X.Y.Z , works for me? Any questions?
this "sino folk" is from germany, but has a clue about how to launch a boat. You don't like made in germany? (hey, while we're already on the racist bandwaggon, i may as well make use of it, to portrait its idiocy).
You are a " Haberdashery" , of thoughts. German ? You make me laugh! Niggah!
What can i reply to a "sophisticated" reply like this...?
Perhaps "Ugh?"
Well, yes, i guess that that is all the discussion value available inside of this.
Or on short JUNK!
Rynak, what are your thought's into the Europe open? I want you to know I respect your input.
Have fun trading those " PBOC" , bonds into October. You are a capitalist, and I respect you for that!
LOL!!
Help! I can't see the keyboard 'cause I'm crying from laughing so hard.
Should have kept on building "Junk"
Stern first, on rubber rollers, with all the ports and windows open?
WTF?
Let's hope their navy is as well planned.
Pipe down. We have Tim Geithner.
Never thought I would say this. " I Agree".
Hu Jin-wow!
The boat just passed the European stress test.
They should have known better than to get it wet. It has to be covered with mold by now.
Bad joke removed.
A luxury boat full of crusty residue from toxic Chinese river water and black mold... Nice.
The Chinese have the green thing going on. They'll do what's right and recycle it into wall board and ship it over here.
KUNG POW!
Advice to Chinese:
Stick to making cheap consumer products whose failure won't cause loss of life. Let the West handle the big boy stuff.
Are you sure this isn't a new class of Submarine? Sure it's an odd design, but come on these Chinese engineers are the future. Right?
LMAO
Ridiculously funny launch. Anyone living near a river could have told them that shallow bottom river boats have to be craned onto the water or floated from a dry dock. It looks decidedly plasticky and unfinished too - fucking wires are still hanging from the ceiling ready to electrocute the first passeger. Probably cost a couple of hundred thousand to build, and the rest pocketed by the crazies milling around the launch.
Lead paint man. It is some heavy shizzitt.
Not much of a hull on this bitch. Appears that a jetski is more sea worthy.
This website is having a field day with one liner comedy. My favorite.."It created GDP."
http://www.chinasmack.com/2011/stories/17-million-rmb-luxury-boat-sinks-...
They rack disciprine.
Love these posts. Some on-point humor helps lighten up some of the weightier material.
I wonder how that " stealth KITE" , Is flying?
Asian ~ piniata~ ?
So this is the reason why Twin Tower and Building 7 are crashed like sand tower, Because they are also made in China.
I beg Boeing needs to quit making planes these days
Grass hoppah' peg da yuan! Pwease?
Just a Chinese stupid viliage boat sinks into the Yellow River messing around by some stupid rich who has too money to spend on, that makes a porno show for the entire ZH to get high.
I beg Chinese people do have a reason to get high when they seeing a bunch of planes crashed in many air shows this year in America and the on-going Occupy Wall St. Circus show.
And US is at the moment still having a record deficit with China because Americans cannot live without Chinese junk. That makes me feel sad.
iMPERVIOUS oNE. Can I expect a transparent { CNY-BS} tomorrow?
A mirror never lies to you.
You are a deep turnip.
At least your " Eastern European" , I respect that!
My eastern european did what?
Help yourself to a box of tissues on the way out.