Shanghai Zhenhua Port Machinery, which produces nearly three-quarters of the world’s quayside cranes, said Tuesday it had won a US$200 million (RMB1.52 billion) order from Dubai-based DP World, the China Securities Journal reported. The order for 15 40-foot tall twin quayside container cranes plus other equipment is scheduled for delivery in 2008 and 2009. “Shanghai Zhenhua is always able to outbid its rivals on major projects thanks to its economies of scale and lower labor costs,” Ping Jingwei, an analyst with a Shanghai securities firm, said. Shanghai Zhenhua’s net profit climbed 32% year-on-year in 2006 to US$210 million (RMB1.6 billion) as surging transnational cargo transportation drove demand for its container cranes and other port equipment. DP World is a leading logistics dispatcher running 42 ports in 22 countries. Dubai is its showcase terminal.