凯发k8国际

Staff at Hen🎃ry Bath in Liverpool show their support for the Belt and Road Initiative. Photo provided to china daily

In May, the Liverpool-based warehousing c🌼ompany Henry Bath challenged its 70ꦯ employees to maximize the amount of walking they do each day.

The workforce to♔ok up the challenge enthusiastically, and, within two months, had racked up combined steps🍌 of 9,200 kilometers – equivalent to the distance from Liverpool to Shanghai.

The Henry Bath team was competing with a team ༺of the same size at its parent company, China Materials Storage 🦩and Transportation Development Company. The Chinese team matched their United Kingdom counterparts.

The team-building 𝐆challenges were not just fun, and great ways to promote fitness and interaction between colleagues, they were also ways for the employees to understand from first-hand experience the physical distance of the Belt and Road trade route that has the UK at one end and China at the other.

"Our employees loved it. We helped our employees to reflect on how the Belt and🧔 Road grows international connectivity, whilst doing something to get fit," said Graham Hawkins, CEO of Henry Bath.

Henry Bath, a British company with 223 years of history, experienced a major international🐎ization boost in 2016, when China's biggest warehousing company, CMST, paid $60 million for a 51 percent stake in the company. The remaining 49 percent of Henry Bath stays with its previous owner, the Geneva-based Mercuria Energy Trading.

In the same year, Henry Bath, CMST,🔜 Mercuria, and the London Metal Exchange signed an agreement to develop new warehouses in countries within the area covered by the Belt and Road Initiative, so metals traded across the region can be stored.

CMST will invest in the new warehouses, which will carry the Henry Bath brand. The London Metal Exchange, which is also known as LME, will certify the warehouses, offering a stamp of approval that shows𒁏 confidence in the𒀰ir quality and security.

"Over time, infrastructure investment into countries along the Belt and Road will drive economic growth and demand for metals," Hawkins said. &qu💃ot;Infrastructure connectivity also makes the process of transporting metals in and out of these Belt and Road countries easier. Those are key factors behind our strategy to invest in new warehouses in Belt and Road countries."

Henry Bath is the fifth-largest holder of total metal volume traded on the LME. It is one of LME's 💎founding members, and, in 1883, issued the first ever LME warrant, which effectively allows the owner of a batch of metal to come to the warehouse to inspect their metal.

What made Henry Bath an attractive investment target for CMST is both its establis𝔍hed brand and its international network of around 60 warehouses across 17 cities globally.

Some of these warehouses are located in countries in the Belt and Road area, including Malaysia, Singapore and South Korea. In March, CMST and Henry Bath will together open a new warehouse in Sh🌌anghai, which supports China's growing commodities trade with countries in the Belt and Road ar൩ea.

Aside from metals, the new Shanghai warehouse will house cocoa beans, which Chinese traders typically buy from African countries inclu💧ding Ghana and Nigeria. Henry Bath, worked out the best way to transport, pack, store, and maintain cocoa after perfecting the techniq♛ues at its warehouses in Rotterdam and Antwerp, is teaching CMST what it knows.

"We've decided to focus on cocoa, in the expectation that Chinese chocolate makers' demand for cocoa beans will grow as the Chinese consumers become increasingly weal♑thy," Hawkins said.

Hawkins, who has worked in the comm𝓡odit♊ies market for more than two decades, said he sees the Belt and Road Initiative as the next big driver for the industry.

"Commodities trade is, by nature, a global business, and trade along the Belt and Road will, in time, grow. That's why we are pr💛eparing ourselves early, to make the most of the opportunities," he said.