I Want To Be a Rich Man on Hong Kong Island

Onassis scoffed at Global Shipping's large-scale shipbuilding around the world;

Onassis felt that Wu Guangyao's all-or-nothing behavior was a big risk, and sooner or later he would suffer bad results!

Onassis also earned a lot from this opportunity!

Of course, because of the frame-up by the United States, Onassis could only choose a company registered in the United States. Part of the crew is also American, and even the shipbuilding must be built in the United States.

Therefore, this has caused Onassis' shipping costs, at least much more than global shipping.

Take the monthly wages of the crew in the United States as an example, which is about US$240; while the wages of the crew on Hong Kong Island are only about US$12 (70 Hong Kong dollars), which is 20 times higher.

This is due to the depreciation of the Hong Kong dollar in the past, coupled with the relatively large increase in workers' wages in recent years, which has brought the distance closer;

At the end of the 1940s, the wage difference between the two sides was 40 times, which was extremely terrifying!

Before this shipping opportunity in Onassis' fleet, a small number of ships had signed half-year or one-year contracts. After all, not everyone has the ability to predict the future!

Therefore, although Onassis has a deadweight capacity of 3 million tons, the profit this time may not be as much as that of global shipping, and it is estimated to be more than 300 million US dollars.

Moreover, Onassis is too old to dare to take any more risks!

So he decided to invest half of the profit this time in land assets, and half in building ships and repaying loans.

Onassis has a headache when he thinks of the shipbuilding cost of global shipping, seafarer wages, and loan interest, it is too cheap!

"Boss, this time we made a total profit of 330 million US dollars..." An American executive reported to Onassis.

Onassis immediately forgot his envy and jealousy towards Wu Guangyao, and said happily, "How much more do we have for the loan?"

"For 80 million US dollars, if the interest is included, it will be almost 100 million US dollars; of course, if the boss repays in advance, at least 10 million US dollars will be saved, and the payment will be less than 90 million US dollars."

"Then pay it back first! Calculated in this way, I still have 240 million U.S. dollars; I set aside 120 million U.S. dollars for other investments, and the other 120 million U.S. dollars continue to build ships!"

"Without a loan of 120 million US dollars, we can only build 14 50,000-ton oil tankers. In this case, we will be lower than your opponent Wu Guangyao in terms of ship load." The executive had to remind, because the Austrian Narciss often compares Wu Guangyao in front of these executives; of course, Onassis always compares Wu Guangyao to his defeated opponent.

"How many tons of load will he have?" Onassis felt a headache. He wanted to use the funds for land business investment, but he didn't want to be compared by global shipping.

"It is estimated that in the early 1960s, he will have a load capacity of 5 million tons; moreover, this is still considering that some of his second-hand ships have been eliminated!" Executives have some research on global shipping, so the information is sticky Coming soon.

Onassis started pacing back and forth in the office, crazily pouring the cigars into his mouth, and sometimes picked up the whiskey on the desk and took a sip. This is a typical Mediterranean man.

Unlike Wu Guangyao, Wu Guangyao doesn't smoke, and he only becomes interested in wine when he has good food and good friends.

"In this way, after we pay off the loan and withdraw 120 million US dollars (land investment), we can borrow another 50 million US dollars to build 20 50,000-ton oil tankers. In this way, in the early 1960s, we also had a load capacity of 4 million tons, so that In terms of the load capacity of the new ship, we still exceed it by a little bit. As for the broken copper and iron of global shipping, European and American customers don’t like it, and only those little Dongying people like it. Haha..." Onassis finally made a decision and made his own comfort.

In fact, if there is no opponent like Wu Guangyao, Onassis should only build a ship with a deadweight of 500,000 tons, because Onassis in the mid-to-late 1960s,

It was only about 4.5 million tons of deadweight; in the mid-to-late 1970s, it was only 7.5 million tons of deadweight.

Therefore, Onassis is destined to be rubbed on the ground by Wu Guangyao!

"By the way, why does your American shipbuilding company charge me US$8.5 million for a 50,000-ton ship, while global shipping is only less than US$8.3 million, and even sent various services?" Onassis Dissatisfied with the American executives said.

The executive hesitated, thinking in his heart, haven't you been caught by the United States!

Besides, you are now a bird locked in a cage by the United States, whoever you don’t kill!

Of course, the executives would never dare to say this. In the past few years, their boss has invested in political donations everywhere, gained the "friendship" of many political figures, and the situation has improved a lot.

"I'll go talk to the shipyard! But boss, these shipyards are so generous this time to attract business; we may have a little difficulty because you have an agreement and you must build ships in the United States!" The executive decided to call Onassis a vaccination.

Onassis felt that building ships in the United States was nothing, because he did not believe in Japan's shipbuilding technology.

It's just annoying that the American shipyards offer cheaper prices to others, and they also provide free services. It's really fucking when I Onassis is a winner, don't worry!

 …

Later generations commented on Bao Yugang, saying that he had the stability and prudence of a banker to build a maritime kingdom.

What about his own thoughts?

Bao Yu just watched the short-term charter shipowners make a lot of money, and at this moment, he felt resentful towards himself.

The Japanese market is US$32 per ton, and the European and American markets are US$60 per ton!

How attractive this price is, Bao Yugang not only thought of it!

In fact, it was precisely because of Bao Yugang's idea of ​​seeking stability that his development was extremely slow throughout the mid-to-late 1950s;

What really made him take off was in the 1960s, the support of HSBC, and the goodwill established with Dongying customers for a long time!

But in this life, HSBC will never fully support Bao Yugang; of course, the loan should not be refused, after all, HSBC is doing this.

When he heard that Wu Guangyao spent 400 million US dollars to build a new ship, Bao Yugang was so shocked that he was still a little out of his mind when he was eating at home.

"Yu Gang, what's going on, do you have something on your mind?" Bao Zhaolong said majestically.

It can be said that Bao Yugang has admired his father Bao Zhaolong since he was a child, and he also likes to ask his father for his opinion on running a business.

"Global shipping has grown to 5 million tons, and I can't even afford a 50,000-ton ship, so I can't help but feel a little sad!" Bao Yugang said honestly.

"Nonsense, you have only been in the industry for a few years, how many years have others been in the industry, can you compare with him? Moreover, you encountered a big opportunity in shipping when you started your shipping business. One year. Don't even think about it, how lucky you are! It's too late for many people to envy you, and you're still not satisfied." Bao Zhaolong reprimanded.

Bao Yugang suddenly realized that he was suffering from jealousy; don't you know, why don't others envy him?

"Father taught me the right thing, but the child knows I was wrong!"

 …

In early May, the Suez Canal reopened and shipping prices began to fall.

It's not like Wu Guangyao imagined at the beginning, the price fell back to the price in June last year;

It turned out that although the distance was shortened again, the freight price was only halved because the goods were still squeezed and there was still a shortage of oil in Europe and the United States.

That is to say, the shipping fee to Europe and America is 30 US dollars per meal, and the shipping fee to Japan is 16 US dollars per meal.

Of course, the price will plummet. It is estimated that by July, the price will fall back to the level of June last year.

Then, the price will continue to fall, and the final stable price may be about 70% to 80% of last year's price.

This time in April, Wu Guangyao did not propose to sign long-term contracts with Dongying's customers, because it was unrealistic.

Everyone is not a fool, every time they fall into Wu Guangyao's tricks!

Of course, Wu Guangyao is not without cards behind him——

70% of EGL's customers have signed a memorandum of cooperation with Global Shipping, and will give priority to Global Shipping in terms of business; in this way, at least Global Shipping does not need to be intermittent in business.

European and American customers have also enjoyed a lot of discounts this time, and Global Shipping has been listed as a key ally for cooperation; coupled with the price advantage of Global Shipping and the quality of seafarers, there is no need to worry about future business.

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