Index Investing News
Tuesday, October 7, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Jumbo, Hong Kong’s Floating Restaurant, Sinks After Capsizing

by Index Investing News
June 21, 2022
in World
Reading Time: 6 mins read
A A
0
Home World
Share on FacebookShare on Twitter


When tugboats towed Jumbo Floating Restaurant away from Hong Kong final week, the enormous vessel’s proprietor despatched the general public its “greatest needs for a brighter future.”

That future now lies on the backside of the South China Sea.

The 260-foot, three-story eatery capsized and sank because it was being towed via deep water over the weekend, its proprietor, Aberdeen Restaurant Enterprises, stated on Monday. Nobody was injured, it stated.

Jumbo’s loss reverberated throughout Hong Kong, a Chinese language territory the place the neon-lit colossus — constructed within the model of an imperial palace — had sat in the identical harbor for practically half a century. Generations of Hong Kongers celebrated weddings and minimize enterprise offers there over Cantonese fare like crispy pork stomach and wok-baked mud crab. For many individuals within the former British colony, the restaurant symbolized a interval of native historical past extra optimistic than the current.

Jumbo’s demise comes at a time of immense upheaval in Hong Kong, one which started when anti-government protests convulsed town for months in 2019. That prompted the Chinese language authorities in 2020 to impose a robust nationwide safety regulation on the territory that has since eroded what was left of its democratic establishments.

The turmoil continued via the pandemic, as border closures and social distancing measures worn out hundreds of mom-and-pop retailers and threatened a few of the metropolis’s best-known companies, together with the favored Star Ferry.

At a time when the Star Ferry and different visible icons of Hong Kong are beneath menace, “it appears as if its most seen symbols are all disappearing one after the other,” stated Louisa Lim, the writer of the e book “Indelible Metropolis: Dispossession and Defiance in Hong Kong.”

“That, mixed with the huge political adjustments introduced in by the nationwide safety laws, go away Hong Kongers questioning what might be left of their metropolis,” she added.

Jumbo was opened by the Macau on line casino tycoon Stanley Ho in 1976 and was for years a part of a posh known as Jumbo Kingdom that included a smaller floating restaurant, Tai Pak. The bigger vessel’s opening was delayed by a 1971 hearth that killed 34 individuals and injured dozens of others, in response to The South China Morning Publish.

A lot of celebrities visited Jumbo Kingdom over time, together with the actor Tom Cruise, the businessman Richard Branson and Queen Elizabeth II of Britain. Jumbo Floating Restaurant additionally featured within the 1974 James Bond movie “The Man with the Golden Gun” and several other native blockbusters.

In “Contagion,” a 2011 thriller a couple of world pandemic, a pivotal scene was shot on the restaurant: Gwyneth Paltrow’s character turns into the pandemic’s first sufferer by contracting a lethal virus from a chef.

Whilst big residential towers sprang up round Jumbo, its garish neon signal and imperial-style structure nonetheless dominated the skyline round Aberdeen Harbor, on the southwest aspect of Hong Kong Island. And it was nonetheless a spot the place Hong Kongers went to make reminiscences; Ms. Lim, the author, wrote on Twitter final week that going there had been an annual ritual for her household.

By 2020, although, Jumbo had misplaced tens of millions of {dollars}, and Hong Kong’s pandemic restrictions on eating and tourism pressured the enterprise to shut. Aberdeen Restaurant Enterprises stated on the time that it couldn’t afford to maintain up with upkeep and inspection prices, and it provided to donate Jumbo to an area theme park without charge.

Later that yr, Hong Kong’s chief government, Carrie Lam, stated that the federal government would cooperate with the theme park and native nonprofit organizations in “the rebirth of the floating restaurant.” However the plan fizzled, and Ms. Lam stated final month that the federal government wouldn’t make investments taxpayer cash within the restaurant, which had amassed losses of practically $13 million over practically a decade.

Jumbo was towed away from Hong Kong on June 14. Aberdeen Restaurant Enterprises declined on the time to say the place it was going, although the corporate had beforehand stated that the boat can be moved out of town for upkeep and storage.

In a press release, the corporate stated that Jumbo “started to tip” on Sunday because it was passing by the Paracel Islands, a sequence of disputed islands within the South China Sea the place China, Vietnam and Taiwan lay territorial claims. It stated the accident occurred in an space the place the water depth is over 1,000 meters, or 3,280 ft, “making it extraordinarily tough to hold out salvage works.”

The Newest on China: Key Issues to Know


Card 1 of 5

Discontent among the many inhabitants. The Chinese language authorities’s censorship and surveillance, which the pandemic has aggravated, are pushing a small however rising group of Chinese language to search for an exit. Youthful Chinese language specifically are embracing the view that they may have to flee the nation within the pursuit of a safer and brighter future overseas.

A brand new trick for web censors. To regulate the nation’s web, China’s censors have relied for years on practices like on deleting posts, suspending accounts and blocking key phrases. Now they’ve turned to displaying customers’ places on social media, fueling pitched on-line battles that hyperlink Chinese language residents’ places with their nationwide loyalty.

An unsure harvest. Chinese language officers are issuing warnings that, after heavy rainfalls final autumn, a disappointing winter wheat harvest in June may drive meals costs — already excessive due to the battle in Ukraine and unhealthy climate in Asia and america — additional up, compounding starvation on the planet’s poorest international locations.

Stephen Ng, a spokesman for Aberdeen Restaurant Enterprises, declined to touch upon hypothesis on-line that the boat may need been scuttled for insurance coverage functions. There was no fast proof to counsel foul play.

In its assertion on Monday, the corporate stated it was “now getting additional particulars of the accident from the towing firm.” It didn’t identify the towing firm.

Not everybody favored Jumbo. Ho-fung Hung, a sociology professor at Johns Hopkins College who has studied Hong Kong politics, known as it “self-orientalizing” and stated it was not value getting nostalgic over.

“Overpriced unhealthy meals for clueless vacationers searching for awkward exoticism,” he wrote on Twitter last week. “Get misplaced and don’t come again.”

However for some residents, shedding Jumbo was a part of a sample wherein issues they love about their hometown have vanished because the 2019 protests. A couple of social media customers described the sinking this week as a “nail within the coffin” for town. Others known as it a “burial at sea.”

One common illustration making the rounds on social media confirmed Jumbo sinking to the underside of the ocean as fish swim by.

Within the illustration by Ah To — the nom de plume of a political cartoonist who lately emigrated from Hong Kong, citing the “nice psychological stress” he would endure if he stayed — there are two statues on the seafloor. One exhibits a blindfolded girl holding a scale of justice that lies askance. The opposite is a girl who holds a torch and resembles the Goddess of Democracy, a protest image that was faraway from a Hong Kong college campus final yr.

Austin Ramzy contributed reporting.





Source link

Tags: CapsizingFloatingHongJumboKongsRestaurantsinks
ShareTweetShareShare
Previous Post

FirstFT: Banks bear stress assessments as recession looms

Next Post

Tesla provide chain issues are paramount concern – Musk (NASDAQ:TSLA)

Related Posts

Saudi Arabia: King Salman orders 24-hour entry to Madinah’s historic Masjid Al-Qiblatain for worshippers | World Information

Saudi Arabia: King Salman orders 24-hour entry to Madinah’s historic Masjid Al-Qiblatain for worshippers | World Information

by Index Investing News
October 7, 2025
0

Custodian of the Two Holy Mosques King Salman directs 24-hour entry to Masjid Al-Qiblatain/ AI-generated picture for illustrative functions solely...

Behind the Gen Z protesters who need to power Madagascar’s president from energy

Behind the Gen Z protesters who need to power Madagascar’s president from energy

by Index Investing News
October 3, 2025
0

Hundreds of individuals in Madagascar have taken to the streets in numerous elements of the nation for the previous week...

Rising Lion Exhibits the U.S. Wants Extra Allies Like Israel – The Cipher Temporary

Rising Lion Exhibits the U.S. Wants Extra Allies Like Israel – The Cipher Temporary

by Index Investing News
September 24, 2025
0

OPINION — Israel’s Operation Rising Lion will go down as among the many most spectacular navy campaigns in historical past....

The Case of Charlie Kirk — International Points

The Case of Charlie Kirk — International Points

by Index Investing News
September 20, 2025
0

Charlie Weimers with EU flag and the Sweden Democrat’s occasion image, a bluebell.by Jan Lundius (stockholm, sweden)Friday, September 19, 2025Inter Press...

New Su-34 fighter-bombers delivered to Russian army

New Su-34 fighter-bombers delivered to Russian army

by Index Investing News
September 16, 2025
0

Russia’s United Plane Company (UAC) has delivered one other batch of Su-34 fighter-bombers to the Russian Aerospace Forces (VKS) as...

Next Post
Tesla provide chain issues are paramount concern – Musk (NASDAQ:TSLA)

Tesla provide chain issues are paramount concern - Musk (NASDAQ:TSLA)

nifty50: Tech View: Nifty50 kinds bullish candle; additional upside potential on Wednesday

nifty50: Tech View: Nifty50 kinds bullish candle; additional upside potential on Wednesday

RECOMMENDED

Official Trailer for Hulu’s Holiday ‘Binge’ Sequel ‘It’s A Wonderful Binge’

Official Trailer for Hulu’s Holiday ‘Binge’ Sequel ‘It’s A Wonderful Binge’

November 21, 2022
Michael Fassbender is in spy mode on this partaking thriller collection

Michael Fassbender is in spy mode on this partaking thriller collection

November 30, 2024
Canada and India expel diplomats over homicide of Sikh activist

Canada and India expel diplomats over homicide of Sikh activist

October 14, 2024
MiB: Boaz Weinstein, Saba Capital

MiB: Boaz Weinstein, Saba Capital

May 14, 2022
Court says EU must pay a fraction of legal fees sought by Qualcomm By Reuters

Court says EU must pay a fraction of legal fees sought by Qualcomm By Reuters

March 2, 2024
Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

January 6, 2024
Monty Williams is absolutely right about refs missing calls

Monty Williams is absolutely right about refs missing calls

February 28, 2024
Musk denies report his AI company secures 0 million toward  billion funding goal By Reuters

Musk denies report his AI company secures $500 million toward $1 billion funding goal By Reuters

January 20, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In