LATEST UPDATES

Published at 25th of December 2023 05:14:30 AM


Chapter 406: [Inventory 2] (Look for a monthly pass!)

If audio player doesn't work, press Stop then Play button again








Chapter 406 [Inventory 2] (seeking monthly ticket!)

After listening to reports from Island Airlines and Global Terminal, the atmosphere in the meeting room has already come up!

Wu Guangyao said: "Lorry, you come to report!"

Luo Rui holds two positions, President of Global Freight (Logistics) Company and Chairman of the Board of Directors of China Pakistan Corporation. However, both companies are second-level subsidiaries, just slightly stronger second-level subsidiaries.

However, CMB, a secondary subsidiary, needs to report separately because of the particularity of its business.

Luo Rui said: "Boss, shareholders, colleagues. CMB has now taken on a brand new look. The people of Hong Kong Island recognize our management very much. Although our investment has greatly increased, our income has also been greatly increased without increasing prices. Increased. At present, CMB’s bus advertising is very prosperous, which has increased tenfold compared to the original advertising revenue."

Although CMB is in front of the first-tier subsidiary of Global Group, it is nothing!

But after all, it is Wu Guangyao’s first franchise on Hong Kong Island, and once it is managed, it can also bring Wu Guangyao a certain reputation;

At this time, the residents of Kowloon and the island are compared with each other. The service and environment of CMB are now significantly better than those of KMB;

This will naturally bring some fame to Wu Guangyao!

Wu Guangyao said: "Well, the development is good! But you must remember that under the premise of improving service quality and advancing the modernization process, CMB will consider profitability; this is when we acquired CMB. The promise made by the citizens of Hong Kong Island."

Lorry is a major participant in the acquisition of CMB, and naturally knows every detail of the promise!

"Boss rest assured! We will definitely fulfill every promise!"

Sang Dashi looked at Wu Guangyao's high-quality look at this time, and he doubted whether he was a bit too much;

Because Sundars once believed that Wu Guangyao's acquisition of China Pakistan was because he saw the land of China Pakistan.

Actually, Sundars is not excessive at all. The land of CMB is really one of Wu Guangyao's main goals.

The last president to report is the focus of everyone's attention!

Gao Ke sees that everyone is looking at himself excitedly, knowing that he has to pick the key points.

"Last year, Global Shipping made a profit of 430 million U.S. dollars. If all the payments and loans are used to pay for the ship, Global Shipping will achieve zero debt."

Everyone in the conference room gasped, and it was an incredible result!

The smiles on the faces of the HSBC duo squeezed the eyes into a line.

Annual profit of 430 million U.S. dollars, and zero debt for ships with 17 million tons of deadweight. These data are made public and will cause great controversy.

Fortunately, when Global Shipping reached 5 million tons, it no longer revealed its fleet;

No matter whether it is HSBC or Dongying Shipyard, it will not disclose the specific situation to the public;

People outside generally guess that the fleet of Global Shipping is about 8 million to 10 million tons;

Of course, this is also an incredible achievement.

The profit of 430 million US dollars is only the profit of the more than 13 million tons of ships launched into the water;

If all the 17 million tons of global shipping ships are launched, this profit will increase!

Of course, considering the total volume of world shipping business at this time, it may cause a substantial increase in the vacancy rate of ships.

However, in 5 months, Suez will be closed. At that time, global shipping demand will increase by more than 50%, and freight prices will at least double.

Wu Guangyao said to Gao Ke: "If our long-term contract expires and we no longer sign long-term contracts, all of them will be changed to short-term contracts; how do you plan to deal with customer dissatisfaction?"

Everyone was shocked!

There is a general consensus that the long-term lease contract of Global Shipping has made great contributions to the expansion of the Global Group;

If there is no long-term lease, Global Shipping would not have so much business.

Sundars hurriedly persuaded: "Mr. Wu, if Global Shipping does not choose long-term lease, many customers may be lost; now our fleet is so large, the vacancy rate of ships by that time may be as high as 30% to 40%; Isn't your painstaking effort to build a ship in vain?"

Wu Guangyao said calmly: "Mr. Sandus, wait a moment, I will give you an answer later. Gao Ke, answer my question first."

Kokko knew that the boss was determined and quickly sorted out his thoughts: "In fact, our global shipping has obvious advantages. Even if we no longer rent long-term, we will not lose much business. At least we can maintain a slight increase in profit. If we choose again I believe many customers will not complain about reducing the rent of short-term contracts. After all, for long-term rentals, customers also need to bear risks. In case of insufficient business, it is also a waste."

Wu Guangyao said affirmatively: "Cooke is right. First, we should reduce the rent of short-term contracts to stabilize these customers. After all, our competitors are all in Asia, or Hong Kong Island. However, Hong Kong Island has not exceeded 200. For large shipowners of 10,000 tons, the impact is still limited. With shipowners outside Hong Kong Island, we have a price advantage; with shipowners on Hong Kong Island, we have a management advantage. Therefore, Global Shipping will no longer have long-term charter contracts. All short-term contracts shall be implemented."

Wu Guangyao gave a final word, even if Sundarsh ​​was dissatisfied, he would not confront him face to face!

After the meeting, Sandus came to Wu Guangyao's office.

"Mr. Wu, HSBC is an important shareholder of Global Group. I hope to hear a convincing explanation." Sundars said seriously.

If the person who asked this sentence was not Sandus, but someone else from HSBC, Wu Guangyao would immediately make a face;

How do you ask me to explain, can I tell you that I am waiting for a chance?

However, Sundarsh ​​is his friend after all, and he is also a cooperative ally in the beginning.

Wu Guangyao patiently said:

"I have always liked gambling in business. Just like the war of dynasty that year was not over, I bet it was about to end, and signed a long-term contract with Dongying’s important customers. As a result, I won the gambling and grabbed a large number of customers."

"Before the Second World War in the Middle East, I learned through analysis that you Britons were unwilling to lose the dominance of the Suez Canal, so the Middle East would not be peaceful; I turned all the long-term lease contracts into short-term leases, and in the end I won the bet again. Winning this bet made our global shipping skyrocket and set off a '400 million US dollar storm' in the world."

The more I heard, the more I felt that Wu Guangyao’s general trend view was one of the few businessmen in the world;

"Then you are also betting this time?" Sandus asked carefully.

Wu Guangyao smiled and picked up the tea that Chris had made for him, took a sip, and looked calm and unhurried, making Sundarth suddenly feel that he was in front of this person, and he was a lot worse.

"Do we still need to gamble now?" Wu Guangyao asked rhetorically.

Sang Dashi instantly understood what Wu Guangyao meant, and there was no more worry on his face, and he smiled.

Does global shipping still need to bet?

Naturally not needed!

In other words, no matter how you bet, it is always a win-win situation!

Because there is no debt, and it is still a 17 million tons deadweight vessel!

At least one year's profit is more than 420 million US dollars, so what is the relationship between long-term lease and short-term lease?

"Mr. Wu, Earl Litton, I'm leaving now!" Sundashi suddenly felt bright and wanted Wu Guangyao and Chris to say goodbye.

I don’t know when, the British on Hong Kong Island knew that Wu Guangyao’s secretary was the earl of the United Kingdom, and suddenly felt a bit dull;

Although he didn't dare to ask guilt clearly, he talked a lot in private.

Wu Guangyao once expressed his attitude to the British through Sandus. Chris only studied under his own hand for a period of time and will become an executive in the future. This comforted the British on Hong Kong Island.

"Go slow!"

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS