I Want To Be a Rich Man on Hong Kong Island

Every time Sundas walks into the Yangtze River Center, he can't help sighing that with such a large-scale building complex and such a high flow of people, Cheung Kong Properties has made a lot of money, which is more profitable than Landmark's properties in the Central District.

It stands to reason that some financial groups should be jealous and eager to try;

But on the contrary, so far no real estate company dares to build the same commercial complex, even if no real estate company dares to think about it.

At this time, with the rise of land, labor, and commodity prices, the cost of building a commercial complex of this scale may be 200 million Hong Kong dollars.

Of course, suitable land resources are also necessary. If it is not the land near the sea, the image of the commercial complex will be greatly reduced.

By the way, it also needs to be managed properly!

The Yangtze River Center Commercial Complex has a professional management team, and its marketing methods are jaw-dropping;

For example: every weekend, there must be a performance in the center of the Yangtze River, which attracts the attention of many people;

The key marketing targets of the Yangtze River Center seem to be women and children.

Shaking away the thoughts in his mind, Sandas walked towards the office building of Global Shipping.

Sandas knew that this time he came to Universal Group, he was definitely not asking himself to share the money;

Instead, HSBC may be paying another huge loan.

The net profit of global shipping in 1961 was 180 million U.S. dollars, plus the 180 million U.S. dollars left on the account in 1960, a total of 360 million U.S. dollars;

But with so much huge sums of money, it can't stand the ambition of any Chinese businessman.

At the beginning of last year, Wu Guangyao made a big purchase of ships, purchasing 2 million tons of deadweight ships at one time, spending a total of 290 million U.S. dollars, plus interest is about 320 million U.S. dollars.

320 million US dollars of ship payment, Global Shipping has now paid off 200 million US dollars;

Global Shipping invested in 3 container terminals last year, spending a total of 30 million US dollars;

As a result, Global Shipping should currently have a cash flow of 130 million US dollars in its account, and it still owes a loan of 120 million US dollars.

With such favorable conditions, which Chinese businessman will not give up the opportunity to expand the fleet.

Sanders guessed right.

In Wu Guangyao's office, Wu Guangyao said in an astonishing tone: "I decided to build another 15 100,000-ton oil tankers and five 70,000-ton freighters for Global Shipping, and order three 50,000-ton special container ships. This time it is still a 2 million ton ship.”

Sundas thought that Wu Guangyao would only build a ship with a deadweight of about 1 million tons, but he did not expect that it would still be a ship with a deadweight of 2 million tons.

"In this way, Global Shipping will bear at least 350 million US dollars in debt." Sanders calmly analyzed.

It is also a 2 million-ton deadweight vessel, but this time it has to pay an extra 30 million US dollars. Obviously there is a reason;

The global cost of ships has increased by about 3%, and it is expected to cost an additional US$10 million;

The loan period becomes longer, and the interest payment is expected to be about 15 million U.S. dollars more;

In the end, the special-made container ship is several million more expensive, because more steel needs to be invested to maintain the center of gravity.

"No problem, the fleets of the world are not as good as the debt terms of our global shipping!"

Wu Guangyao's words really touched Sanders' heart. Indeed, Global Shipping's finances as a whole now have no debts.

This is unmatched by other fleets!

This can be done naturally because at the beginning of the establishment of Global Shipping, Wu Guangyao invested tens of millions of dollars in cash, laying a good foundation;

Subsequently, Wu Guangyao seized two big opportunities - the Korean War and the Second Middle East War, and the proper management - to find the right time to sign a long-term contract and a memorandum of cooperation.

Then, everyone discussed the details and determined the time and place of construction.

After Sanders left, Gao Ke said to Wu Guangyao, "Boss, Mrs. Dong has picked up a big leak recently!"

Wu Guangyao immediately became interested when he heard it. The Dong family Gao Ke was talking about was Dong Yunhao;

Dong Yunhao already has a load capacity of about 600,000 tons, which can be regarded as a big leak, which is not easy.

"What big leak?"

"The United States sold 12 15,000-ton Victory-class cargo ships to Dong at one time, and the conditions were amazing. The total price was only 1 million U.S. dollars; equivalent to 6 million Hong Kong dollars, an average of 500,000 Hong Kong dollars per ship. This is simply Picking up a big leak is equivalent to giving it to Dong Shi for free!" Gao Ke said, showing an envious expression.

"This is not a free gift!" Wu Guangyao thought for a while and said mysteriously.

"Oh! The boss knows the inside story?"

He Yuanzhang next to him is also interested, this boss seems to know everything!

"Back then, Uncle Sam detained Dong's two 10,000-ton freighters for no reason, which almost caused Dong's company to go bankrupt. I think Uncle Sam's conscience discovered it. It is a disguised form of compensation for the company, making undeclared corrections to the wrong practices of the year.”

"Besides, Uncle Sam couldn't be more precise. These victory-type freighters were built hastily in the early 1940s in response to the special needs of the US Department of Defense to carry soldiers. The facilities are simple and they can walk."

"Those American sailors who are pampered and pampered now will not work on this kind of ship. To put it bluntly, they are obsolete products and should be sold as scrap iron."

"Being a favor now, to make up for Dong's advantage back then, why not do it!"

After listening to Wu Guangyao's explanation, He Yuanzhang and Gao Ke suddenly realized that there are so many truths in it.

"The boss figured it out. I thought the Dong Corporation had picked up a big mistake! So it was just to make up for the loss of the year." Gao Ke sighed. Back then, the Dong Corporation had only three 10,000-ton cargo ships, and Uncle Sam deducted them. If you buy two ships, isn't this harming others!

"Power is the truth. Is there any way? You see, the Yankees are getting more and more troublesome recently. Maybe they want to use our container terminal to transport some supplies. Then we dare not refuse. But when the time comes, talk to the Yankees and ask Give some benefits, for example, we invest in container terminals in the United States to see if there is any hope. But we need to be careful, and we can't threaten them, we can't afford to provoke them." Wu Guangyao took the opportunity to say.

When the Yankees fought Vietnam, Hong Kong Island was their rear maintenance base and material transportation base. Even warships could be driven to Hong Kong Island for maintenance and maintenance.

And because Global Shipping has a container terminal, it will definitely become a helper for the transportation of materials in the United States, such as military supplies such as beer and canned food.

Wu Guangyao has always wanted to invest in a container terminal at a port in the United States, let's see if there is hope this time!

"Well, I will pay attention to propriety!" He Yuanzhang said.

Wu Guangyao then asked several people about the dynamics of other shipowners on Hong Kong Island. Although they were still weak, Wu Guangyao would not take a small peek.

At this time, Dong Yunhao was taken care of by Uncle Sam because his back was on Taiwan Island, and he became the owner of the 800,000-ton ship.

As for Bao Yugang's development, due to the influence of Wu Guangyao, the load capacity at this time is only about 400,000 tons;

This is due to Bao Yugang's steady style of banker, so many banks are willing to lend, even Japanese banks are rushing to give him loans.

Zhao Congyan's Huaguang Company also has a deadweight of 450,000 tons. Zhao Congxian is a rare businessman on Hong Kong Island who concentrates on shipping and does not engage in real estate.

It can be said that the shipping industry on Hong Kong Island has begun to explode!

In the mid-1950s, Greek and Japanese shipowners rose rapidly and became the second generation of shipping stars;

Representatives of them are Onassis, Niagos, Japan Sanko, Nippon Steamship, etc.;

Then in the 1960s, shipowners in these two countries were severely restricted, that is, the cost of labor services rose rapidly, which greatly reduced their competitiveness.

The Prime Minister of Japan even shouted a slogan that within seven years, labor wages will double;

Facts have proved that this is not a slogan. Dongying completed this task in 1966, but unfortunately the prime minister has already died.

Hong Kong Island is different. There is a steady stream of people coming from the mainland. These are cheap labor forces, and wages cannot rise at all.

Moreover, trade union rights on Hong Kong Island are very low, and they cannot influence businessmen at all.

Think about it, the salary difference between Hong Kong Island seafarers and American seafarers is 20 times, and that of Dongying seafarers is 6 times. How competitive this is for a fleet.

Moreover, Hong Kong Island is a low-tax area, a paradise for ship owners to avoid taxes.

In summary, the 1960s and 1970s were the stage for Hong Kong Island shipowners!