Chapter 188 The Beginning of Changxing Shipping
Chapter 188 The Beginning of Changxing Shipping
Afterwards, everyone gathered again, and the novelty of having a ship had almost worn off.
Sun Zhiwei asked again: "Mr. Yang, this ship is now called the Wilson. If it is changed to the Hong Kong flag, does it need to be renamed in Chinese?"
"Yes." Yang Wendong nodded and said, "Let's call it Shun'an. It just means everything goes smoothly and safely."
Originally, he also wanted to use the word "gold", which everyone likes, but Bao Yugang had already used it, so he had to change the word.
"Okay." Sun Zhiwei agreed.
The Shunan cargo ship then set off again and went to the Huangpu Shipyard for maintenance.
A week later, after a detailed inspection, no major problems were found, so Yang Wendong ordered Standard Chartered Bank to pay the balance and reach a deal with Europe.
At this point, the first cargo ship of Changxing Shipping Company officially arrived and immediately left the Huangpu Dockyard and headed for the Kowloon Wharf.
A location had already been prepared at the dock, and when the ship arrived, hundreds of workers began to work frantically to move goods into the cabin.
The next morning, after a day and night of hard work, 6.6 suitcases were successfully loaded onto the cargo ship, and then began their journey to the United States.
In an office of Wharf Terminals, Yang Wendong looked at the statistics on a piece of paper and said, "It took only 28 hours to move everything. This speed is really fast."
An Yongqiang, who was sitting next to him, also said, "Yes, Mr. Yang, I have worked at the dock for more than 20 years and have never seen such a fast loading speed.
Your cargo is relatively light and well-organized, so the workers can move it quickly. In addition, you gave them extra benefits, so they naturally worked harder. "
"Just a few meat buns." Yang Wendong smiled. In order to make the porters work harder, he specially asked the people from Changxing Industrial to bring more meat buns.
These meat buns made many workers more energetic. The suitcases themselves were much lighter than other goods, so the loading speed was naturally faster.
An Yongqiang said with a smile: "A few meat buns can also save them a meal. Some other bosses are reluctant to spend this money."
"Well, there will be some when my goods are loaded on the ship in the future." Yang Wendong didn't care about these buns. Changxing Industrial was making them every day anyway. It would just cost two more workers and some money for flour and meat.
"Okay, then I will also arrange the most diligent group of people." An Yongqiang agreed.
After a while, Yang Wendong and Wei Zetao saw that there was nothing else to do, so they said goodbye and left.
On the road:
Wei Zetao said: "Mr. Yang, according to what Mr. Sun said, if the ship speeds up, it will take about 3 weeks to reach Los Angeles. 3M has also made arrangements at the Los Angeles Port and will unload the cargo as quickly as possible.
In addition, our people bought more than 8000 tons of plastic particles in Los Angeles, which will be directly brought back on the cargo ship. In this way, at least in the short term, we will no longer be restricted by local foreign trading companies. "
"Okay." Yang Wendong nodded and asked, "How about the cost of buying plastic particles in the United States and shipping them back compared to other trading companies?"
“It’s still a little cheaper, but the difference isn’t that big.” Wei Zetao said, “It’s mainly because we don’t purchase directly from American factories;
The local distributors in the United States also need to make money. This is the result of our own low transportation costs. Otherwise, if we find other ships to ship back, we will lose more money. "
Yang Wendong frowned and asked, "Can't we buy thousands of tons directly from the factory? And we will continue to purchase later."
Wei Zetao explained: "No, these factories in the United States have their own distributors in each region, and there should be exclusive agreements between them.
Our purchase volume is indeed not small, but they would not agree unless we signed a long-term purchase agreement specifically for export to Hong Kong.
But we will only purchase a few times, and we will still consider Taiwan after next year."
"Yeah." Yang Wendong asked again: "What about Japan? Their prices should be much cheaper, right?"
Wei Zetao said: "Not really, although Japan also has plastic factories, the demand is greater and they are still importing, so the price is a little higher than in the United States.
But the advantage is that the freight is low and the shipping time is very short. Overall, it is almost the same as shipping from the United States, but our only ship can only go to the United States at present."
"As for the ships, they will still be expanded, but they may not be faster than Taiwan." Yang Wendong asked again: "It is best to purchase from Taiwan as soon as possible, and then load other things on the return ship.
How did the talks with Wang Yongqing go?"
Even in the container era of the past, industrial products were very concerned about transportation costs. Only when many industrial zones were gathered together could the strongest industrial production results be achieved.
Not to mention this era, the cost of shipping is frighteningly high, as are the costs of communications. Since Hong Kong is unable to produce the raw materials for plastic particles, it is most appropriate to rely on neighboring Taiwan, especially since Taiwan has a history of giving birth to plastic industry giants such as "Formosa Plastics".
Wei Zetao replied: "At present, our people have commissioned a third-party agency to conduct a comprehensive financial audit of Formosa. Basically, there are no major problems. Some minor problems may be real problems. Formosa may not have intentionally concealed them. They may not have known about them before."
Yang Wendong smiled and said, "That's good. We can use this opportunity to sort out the various problems in their company."
"Yes." Wei Zetao continued, "According to our estimate, Wang Yongqing's valuation of his company is about 200 million US dollars. If he is willing to sell 20% of the shares, we will have to pay 40 US dollars.
But his idea is that these funds should also go into the company account and then be used as the cost of developing the second phase, so we need to pay a total of $50. "
"Okay, no problem." Yang Wendong agreed and said, "Invest in Formosa Auto in the name of Changxing Industrial, and you will get 20% of the shares."
If Wang Yongqing gave up 20% of the shares and received $40 and put it in his own account, then Changxing Industrial would only have to pay $40;
But if the funds were deposited into the company's account, it would be equivalent to him injecting another US$80 into the company while owning 40% of the shares. Later, Changxing Industrial, which owned 20% of the shares, would naturally need to inject US$10.
"Okay, then we'll bargain a little harder on the negotiation side. If it's okay, we'll be ready to sign the contract." Wei Zetao said happily.
Being able to find a stable and close supplier of main materials for Changxing Industry would be a great success for Changxing Industry. Yang Wendong asked again, "Is there any problem with the funding?"
Wei Zetao said with a smile: "Don't worry, Mr. Yang, there is no problem. The second phase of sticky notes has been produced normally, and the net profit per month can now exceed 150 million Hong Kong dollars.
Although the suitcases have only been on the market for a few months, they have made a profit of over 20 Hong Kong dollars a month. If we are able to successfully expand into the U.S. market, they will likely surpass Post-it Notes and become the largest source of profit for our company.
Sticky hooks and spin mops are a little worse, but they can easily make hundreds of thousands of Hong Kong dollars a month, and the market has not yet been fully developed. "
"Well, OK." Yang Wendong nodded and said, "Has Changxing Industrial's previous loan been fully repaid?"
In fact, several of our own products are pirated, and this problem is basically unsolvable.
However, even if piracy exists, the factory itself has strong profitability, and the distributors found are also somewhat capable, so the profits are still very substantial.
"Yes, I have already repaid all the money from Liao Chong Hing and Hang Seng Bank." Wei Zetao said, "Recently, they both wanted me to borrow more, but I calculated and found that there is no demand.
We basically outsource all plastic products. Even if we need to form a joint venture with a supplier, it won’t cost us too much money at the moment. Our own funds are enough.”
"Okay, from now on, Changxing Industry will be the cash cow of the entire group." Yang Wendong said with a smile: "A large company needs to have an industry that can be highly profitable no matter what the situation is, and you have one now.
From now on, my expansion in the real estate and shipping markets will depend on you.”
The potential of the real estate and shipping industries is greater than that of current factories, but development also takes time and capital.
At present, Changxing Industrial's huge profits are fully capable of supporting itself to enter these two most profitable fields in the future.
"Mr. Yang, you're joking. We are all your subordinates, and it's our duty to support other industries." Wei Zetao said again.
Yang Wendong nodded and said, "Well, for now, you still have to cooperate with Changxing Shipping to expand the fleet as soon as possible so that the products can be transported out. Otherwise, it would be a pity to get stuck in Hong Kong."
The current situation reminds Yang Wendong of BYD in his previous life. The products were good enough and very popular abroad, but in the early years there were no roll-on/roll-off ships and the cars could not be transported out.
Wei Zetao said: “Okay, in addition, we have selected a suitable person as the general manager of the shipping company.
He is a vice president of Wheelock Shipping, and the headhunters have already discussed with him. "
“Wheelock Shipping?” Yang Wendong nodded. Among the current shipping companies in Hong Kong, Wheelock Shipping is definitely one of the top ones.
Although Sun Zhiwei is the first employee of Changxing Shipping, he is only a captain after all, and his academic qualifications are not high. Managing a shipping company is another matter, so another person needs to be recruited.
Wei Zetao nodded and said, "Yes, I think the conditions are not bad, so I am going to ask her out for a meeting. Yang Sheng, do you want to go too?"
"Go ahead." Yang Wendong nodded and said, "In the short term, our ship will serve Changxing Industry, but when the scale becomes larger in the future, we will still have to do normal business."
The shipping industry, at least before the 80s, was very large, even larger than Hong Kong's real estate, and shipping tycoons had great influence.
An order for a batch of ships can attract a country's ministers to come to Hong Kong for negotiations. With such influence, it would be impossible to make a big splash in real estate in Hong Kong.
"Okay, I'll arrange the time and let you know." Wei Zetao said.
……
On the third day, Yang Wendong met with Zheng Yuhua, the deputy general manager of Wheelock Shipping.
This is a female employee who was able to climb to the top in a British company like Wheelock. If there were no Chinese at the top level of the foreign company, she would have a great chance of becoming the general manager of Wheelock Shipping.
After the interview, Yang Wendong was very satisfied and they had a very pleasant conversation. Finally, Zheng Yuhua joined the company.
Yang Wendong said: "Ms. Zheng, welcome to Changxing Industry."
"Mr. Yang, I'm honored too." Zheng Yuhua said with a smile.
Yang Wendong added: "Next, I plan to purchase a batch of World War II cargo ships from the United States. This is the first important thing you should do after you join the company."
"Understood." Zheng Yuhua agreed: "I will contact the people in the United States to check the information. If necessary, I will go there in person."
"Okay then." Yang Wendong nodded, and then said, "The same goes for the company's staff. We can't just buy a boat and have no one to drive it. We have to be prepared early."
Zheng Yuhua smiled and said, "Okay, I will also recruit people as soon as possible. In our industry, we know the captains and first mates.
I am also a manager by profession, so when I go to the United States to check the quality of a ship, I still need the captain, first mate, or a ship engineer to do it.”
"Okay, let's do it simultaneously." Yang Wendong nodded.
Changxing Shipping has officially started.
……
A new 10,000-ton cargo ship suddenly appeared in Hong Kong and was registered in Hong Kong, which naturally attracted the attention of the media.
Many media outlets also followed up and discovered that it was the sticky note king that entered the shipping market.
So, it was revealed through the newspaper.
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(End of this chapter)