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Published at 25th of December 2023 05:19:36 AM


Chapter 229: 【Global shipping, change business practices. 】

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Chapter 229【Global shipping, change business practices. 】

Fast forward to the Spring Festival in 1953. Wu Guangyao and his family spent their first New Year at No. 79 Deep Water Bay.

At this time, the Deep Water Bay is deserted and deserted. If it weren't for the Wu family servants, Yuesao and Anbao, there were enough people, it would inevitably be a little desolate.

Father-in-law and uncle relatives arrived on the first day of the Lunar New Year, and they sighed: "This is a place of geomantic omen, but the popularity is not strong enough."

Wu Guangyao responded: "Now the people on Hong Kong Island are busy making money, busy with food and clothing, so few people come to visit such a fun beach in Deep Water Bay. However, as people's lives become richer, they will naturally attach importance to life. Quality. There will be more people who come to Deep Water Bay on weekends, and those wealthy businessmen will also look at it here."

After listening to Wu Guangyao’s words, Lin Youde moved a little and asked: "Guangyao, you said our family also came here to get a piece of land, how about building a villa?"

Wu Guangyao smiled and said: "It should have been this way. The father-in-law's textile factory has been very profitable in recent years. It ranks second on Hong Kong Island. No one dares to rank first. It is time to build an exclusive villa belonging to our top rich. "

Lin Youde, relying on the huge order of PG zippers, has already left behind other textile factories on Hong Kong Island, and has become a wealthy Hong Kong Island. His conservative net worth has to be 5 million Hong Kong dollars.

Don’t look at a zipper with only a little cloth on it, but that is the global supply, billions of pieces a year, can you make money!

Lin Youde currently has two properties, one is the first tenement house that he bought, and the other is the Lanwan villa developed by Cheung Kong, which inevitably seems a bit shabby.

"Okay, I will come and buy in the next year. From now on, our two families will be neighbors!"

Uncle Wu Guangyao Zhou Zhiyuan listened to the conversation between the two, inevitably a little envious.

Zhou Zhiyuan’s factory produces rubber shoes. The customers of rubber shoes are mainly coolies, so the profit is not high;

Even a relatively large rubber shoe manufacturer on Hong Kong Island can make a profit of only tens of thousands of Hong Kong dollars a year.

Wu Guangyao is willing to help him, but he is not very proficient in the shoe industry.

The only thing that can help him is the money he bought Lanwan Villa, half of which was borrowed by Wu Guangyao.

"Uncle, rubber shoes are a cheap product after all, and the profit is not high. I think you should develop another product." Wu Guangyao suddenly remembered something and said to Zhou Zhiyuan with excitement.

If someone else utters this sentence, Zhou Zhiyuan might still consider it, but as soon as Wu Guangyao said it, Zhou Zhiyuan immediately became excited.

My nephew, no one can do business better than others. He has multiple industries, all of which are industry benchmarks.

Of course, I will not doubt the ability of my nephew!

"What product?" Zhou Zhiyuan said excitedly.

"Toys, children’s toys. In fact, women’s money is easy to make, and children’s money is also easy to make. Hong Kong Island’s plastic industry is developing rapidly. Uncle has a share of the pie. As long as the products are of good quality, they can be sold. All of Asia." Wu Guangyao said.

Wu Guangyao suggested that, in fact, there is another bad taste, and that is to run Li Chaoren.

Li Chaoren has developed well in the plastics industry in the past two years, and his products have been sold to Southeast Asia and Dongying;

But Wu Guangyao knows that he still has a disaster, that is, because of the poor product quality this year, dealers started to trouble him;

This catastrophe was also the biggest catastrophe of Li Chaoren, because at one time the factory could not continue and owed money to the bank and material dealer; and the dealers hated him so much that they even went to Hong Kong Island to insult him.

Zhou Zhiyuan was not disappointed because the product was too small;

Since my nephew has said so, try it yourself!

"I will make preparations later, and strive to start work as soon as possible!" Zhou Zhiyuan chose to believe it without hesitation.

In fact, Wu Guangyao has helped Zhou Zhiyuan plan the future, that is, he is a world-class toy dealer.

Of course, everything still depends on his good fortune, Wu Guangyao will only give pointers.

1953, at the end of February.

Universal Building has a total of six floors. Wu Guangyao occupies the top floor, and the fifth floor is the telegraph room and conference room. The rest of the staff and management occupy the lower four floors.

Wu Guangyao’s desk placed a stack of paper documents, which were just sent by the Finance Department. Wu Guangyao had already read it.

Picking up a pen, Wu Guangyao randomly wrote a bunch of data and words on the paper, which in the eyes of outsiders is a bunch of Morse codes, only professional people can see it.

Global Shipping currently has 41 second-hand cargo/tankers with a total deadweight of 650,000 tons;

Global Shipping also owns 15 30,000-ton tankers under construction;

Therefore, the global shipping capacity has reached 1.1 million tons.

Maybe it is not ranked in the first-generation shipping star European and American fleet, but in the rankings of the second-generation shipping stars Greece and Dongying, it can be regarded as a good ranking.

The asset situation has also improved slightly, and the valuation of the second-hand fleet can reach 25 million US dollars;

There is also a new fleet of 95 million US dollars (8000 US dollars principal plus 15 million interest), and the funds for the purchase of new ships, 35 million US dollars have been paid off;

The Korean War began at the end of June 1950 and ended in February 1953 this year. It has been 32 months.

In June 1950, the fixed assets of Global Shipping were less than 10 million U.S. dollars; up to now, the fixed assets of Global Shipping have reached 60 million U.S. dollars.

In other words, in less than three years, Global Shipping has made a total of 50 million U.S. dollars, which can be described as very profitable.

This is still in the case of giving Dongying customers enough discounts, otherwise it will be no problem to earn 55 million US dollars.

Think about giving Dongying customers a discount of 5 million US dollars, Wu Guangyao is a bit painful;

Of course, if you don’t give such a big discount, Wu Guangyao may not be able to achieve continuous business and rapid development.

But this time, Wu Guangyao intends to ‘pit’ a handful of Dongying’s customers.

The war between North Korea is coming to an end, shipping prices are bound to fall, and even business begins to decrease;

Of course, this is not a shipping cold wave. After all, Dongying’s economy will continue to develop at a high speed, and various resources are still indispensable.

Shipping is only a normal decline. After all, before the Korean War, the shipping price was only about US$8 per ton; after the Korean War, it skyrocketed to US$16, and it has lasted for 30 months.

Wu Guangyao predicts: From the second half of 1953 to the first half of 1956, the freight price for the three years will remain between US$10 and US$12.

But there is a problem. If you rent a short-term lease, the business may not be full, so you will be frightened.

So, Wu Guangyao decided to start the development of long-term leases, with a period of two to three years.

You should know that the price of long-term rental at this time has also increased by 80% compared to before the Korean War; there is even a situation where there is business but no ships.

If, in the next four months, Wu Guangyao will slowly change the short-term lease contracts, most of which will be replaced by long-term lease contracts;

So in the future, not only do you not need to worry about it, and you can’t sleep, but the price is very considerable, enough to make all colleagues envy!

If you do this, Dongying customers can’t fault it. After all, it’s your wish;

And now everyone wants to lease a long-term contract, so just ‘reluctantly’.

Afterwards, if someone asks themselves, ‘why did you suddenly change your business policy? ’

This question is also a good answer, ‘how can you not understand the international situation in shipping and how can you not predict the direction of things; it can also be said that this is a kind of gambling, and I am betting that the war should end and the world should be peaceful. ’

Like Bao Yugang’s life: when he bought the first ship in 1955, the Suez Canal was closed the following year, and the freight rate skyrocketed. The ship was abandoned and landed at the end of the 1970s. As a result, the shipping depression came.

So someone asked: "Mr. Bao, why can you predict the future?"

Bao Yugang said: "I can predict the future there. I just analyze the international situation at any time. Many people see me in Hong Kong Island today, in a certain European palace tomorrow, and the day after tomorrow in the White Palace in the United States. In fact, what they don’t understand is that whenever I go to a place, I always inquire about useful news and collect all kinds of information; every time I see a politician, I will pay attention to his words and deeds and care about the international situation."

Compared to Bao Yugang, Wu Guangyao has the identity of a traverser and is familiar with history, so he seems more confident!

Of course, Wu Guangyao does not rely solely on the information of the traversers. He also cares about the important events in the world and analyzes the things that are useful to his business empire.

Just do it when you think of it. This is Wu Guangyao's consistent style of doing things.

In the afternoon of the same day, Wu Guangyao gave instructions to the company's management: all of his ships, after the short-term contracts were reached, began to sell three-year long-term contracts to Dongying customers. The price is favorable, fluctuating between 85% and 95%.

This time, Wu Guangyao did not hold a meeting to discuss, but directly gave instructions.

Management only needs to implement it, and if you have any opinions, you can talk to Wu Guangyao in private!

(End of this chapter)




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