Chapter 233 Maritime College and Investing in Global Shipping

Chapter 233 Maritime College and Investing in Global Shipping

Chapter 233 Maritime College and Investing in Global Shipping

The next morning, Yang Wendong tidied his clothes a little.

Su Yiyi beside him asked curiously: "Brother Dong, do you attach great importance to Bao Yugang? The last time I saw you like this was when you went to meet the Governor of Hong Kong."

"Yes, I take it very seriously." Yang Wendong replied, "This man's rise to wealth is very interesting. I think his future in the business world is limitless."

"So amazing?" Su Yiyi was very surprised: "I've never seen you speak so highly of anyone before."

"You will know if you know his entrepreneurial process." Yang Wendong smiled and said, "He worked in the banking industry in Shanghai in his early years and became the deputy general manager of a local bank, a very high level.

Later, he came to Hong Kong to escape the war and started doing business. Others were either engaged in real estate or industrial factories, but he wanted to do shipping after his success in trade. He invested all his assets in buying a second-hand ship and borrowed a lot of money.

"This seems like a very big gamble." Su Yiyi followed.

"It's quite a big deal, but he succeeded." Yang Wendong added: "He created a new model, which is to rent boats to customers for a long time at a stable price, which is a small profit but quick turnover."

Su Yiyi asked: "Is this model good?"

Yang Wendong said: “From the perspective of risk control, it is good, but it is easy to miss short-term huge profits.

But doing so would bring long-term and stable returns, so he was recognized by HSBC and became the first shipping company to receive an exceptional loan.

"Brother Dong, are you planning to buy a new boat or rent it out for a long term?" Su Yiyi asked again.

"No preparations." Yang Wendong said with a faint smile: "I will do normal business for a few years first, and then see how things go. Maybe I will learn from Bao Yugang."

If he didn't know about the Middle East crisis that broke out in 67, he would definitely have chosen this long-term rental model.

"Oh." Su Yiyi didn't pay too much attention to these profound questions and asked, "Then how great will Bao Yugang's achievements be in the future? He won't be stronger than you, right?"

"Haha, I guess he's better than me in the shipping field." Yang Wendong said after thinking for a while.

Time travelers have great advantages in fields such as real estate and consumer goods, but it is hard to say for highly professional fields.

Shipping seems to be just about buying ships and renting them to others, or running a contracting business yourself, but it is definitely not something that can be expanded by just spending money like crazy.

If this were true, Bao Yugang, a latecomer, would not have been able to become the world's shipping king within 20 years.

He is confident that knowing the future, he can achieve a very good level in the shipping market, but it may be difficult to surpass Bao Yugang.

It’s like running a supermarket and wanting to surpass Walmart. It’s almost impossible.

Su Yiyi was surprised and said, "He's so amazing, so you also want to invest in his company?"

Yang Wendong said: "If I can, I would definitely be willing to do it!"

……

At noon, Yang Wendong arrived at the agreed hotel very early, but Bao Yugang arrived even earlier.

"Hello, Mr. Bao." Yang Wendong smiled and shook hands with the person in the room, saying, "I've heard a lot about you."

He had also seen photos of shipping magnate Pao Yu-kang in his previous life. After all, he was too famous. Before his death in his previous life, he also did a lot of charity work in the mainland. There is even a sculpture of him in a university he donated to.

Bao Yugang said, "Mr. Yang, you are too kind. My fame was a joke a few years ago. I can't compare to Mr. Yang, who started from scratch and has built such a big business now."

"Haha, please take a seat first." After the two sat down, Yang Wendong said, "What was a joke back then may become a business legend in the future.

Bao Sheng was really brave back then, I would never dare to do that."

Shipping is an asset-intensive business that is not something that small capitalists can afford. Even today's Changxing Group, if Yang Wendong did not know the future, would only slowly expand the size of its fleet based on its own industrial product export needs.

At that time, Pao Yue-kong put all his assets into it, and was publicly ridiculed by the senior management of Wheelock and people like Tung Chao-Yen.

Bao Yugang said with a smile: "Now that I think about it, I was indeed impulsive back then. If I had failed, I would have been doomed. Fortunately, I escaped unscathed."

"That's how business works. Fortunately, it's successful now." Yang Wendong nodded, and then asked directly: "Mr. Bao, I wonder what this meeting is about?"

Bao Yugang said directly: "There are two things. The first is that I heard that Mr. Yang built a shipyard in Kwai Chung. The land area is said to be able to build five docks, so I also want to reserve a place in advance. In the future, I will go to you to maintain my ship. Just give me a discount."

"Haha, Bao Sheng is really thoughtful." Yang Wendong smiled.

Although many people knew that Changxing Group was about to build a shipyard, few people noticed that the area of ​​land it acquired this time was very large, far exceeding the needs of a shipyard.

Even outside of the shipyard, he also acquired other land to store it and build a warehouse later.

Afterwards, after taking a sip of tea, Yang Wendong continued, "Discounts are naturally not a problem. The more ships you bring, the bigger the discount I will give you.

I can’t say exactly how much it will cost now, we will discuss it again after the operation.”

The existing shipyards in Hong Kong, whether British or Chinese, charge high fees. If one's own shipyard wants to attract business, it will naturally offer some discounts, especially since the number of ships of the future shipping king will probably be enough to feed the entire shipyard.

"Okay, thank you very much." Bao Yugang paused and said, "The second thing is that I want to invite Mr. Yang to invest together to build a maritime college."

"Maritime Academy?" Yang Wendong's heart moved. He had heard of this matter before.

Originally, it was said that after Bao Yugang made his fortune in the shipping market, he established a private college dedicated to training talents in navigation.

"Yes, a training base for personnel." Pao Yu-kong explained: "Hong Kong's shipping industry is very developed now, but there are very few relevant talents.

You know, in some European and American countries with more developed maritime industries, there are professional universities that teach the entire maritime knowledge system, but Hong Kong obviously does not have such conditions. "

"That's a good idea." Yang Wendong nodded and said, "You want to target the social group and learn navigation knowledge and skills, and then work for your own company?"

"Yes, in this way, the problem of lack of manpower can be easily solved." Bao Yugang said: "Any company in any industry that wants to grow must have a large number of talents. If we want to grow, this step is also necessary. The Hong Kong government will not do such a thing, so we can only do it ourselves."

Yang Wendong thought for a moment and asked, "What types of cultivation are there?"

Bao Yugang replied: "A lot, from sailors, maintenance workers, engineers to even first mates and captains.

However, there are also corresponding educational requirements, experience requirements or other requirements. I haven’t thought about the details yet. You can only know these things after you face them in person. "

"Then the time for talent training is also uncertain?" Yang Wendong asked.

"Yes." Bao Yugang nodded: "When to graduate also depends on personal ability, our teaching ability, and the ability of the students themselves. No one can predict this, and everyone will be different.

But the good thing is that we have a large number of ships, so we can let them practice directly, and it is also convenient for Xueyuan to conduct inspections."

"That's right." Yang Wendong thought about it and realized that it was impossible to calculate this kind of thing in advance. He asked again: "What if the people we trained don't go to your company or mine? What if they are poached by British shipping companies or other peers? Wouldn't it be a waste of effort?"

Bao Yugang was well prepared and answered: "So our college charges ordinary people fees. You have to pay to study. After the study, both of us are free to choose.

As for some outstanding people, we will train them for free or at a discount, but they will have to sign some mandatory contracts, such as a certain number of years of service. If they breach the contract, they will have to return the extra fees.”

Yang Wendong said with a smile: "Bao Sheng, what you are doing is training talents for the whole of Hong Kong. Other shipping companies will also benefit from this academy."

"I know, and I am happy to do so." Pao Yugang said: "Only when there are more talents in Hong Kong can the industry develop better. This is a mutually beneficial relationship. If the Hong Kong shipping industry wants to become stronger, it needs everyone to make progress together. It is useless to rely on one person.

The second reason is that if students don’t have the right to choose, they may not study hard. If they don’t learn anything, I will have to hire them, which is a big loss. This is not in line with my purpose of creating a maritime academy.”

"That's right. We really can't force it." Yang Wendong nodded and asked, "Have you found other shipping companies to participate?"

Bao Yugang shook his head and said: "I approached several companies, including Wheelock and Gold Peak Shipping, but they didn't want to get involved.

I don’t have the connections to meet the bosses of Jardine Matheson and Swire, but I don’t think they would agree to it either.”

"How much does this investment cost?" Yang Wendong asked again.

Bao Yugang replied: "The investment is not that much. A few classrooms and teachers don't cost much. The main thing is that it takes a lot of effort to run the school well.

If Mr. Yang agrees, I think it would be a good idea to place this school in Drunken Bay, close to your future shipyard. That way it would at least be much easier to learn the most complicated fault problems.

Besides, the land price here is not expensive. You and I can jointly invest and buy a piece of land to build a structure the size of a primary school. That will be enough.”

"If you look at it this way, a few hundred thousand is actually enough." Yang Wendong agreed without much hesitation: "Okay, let's work together. Not only for Hong Kong, but at least for ourselves to cultivate enough talents."

The lack of talent will affect the industries in any region, especially industrial talent. The fate of many major countries is closely related to this.

Hong Kong will be one of the cities with the most developed shipping in the world in the future, so it will inevitably need enough talents. Regardless of whether you participate or not, Pao Yu-kang, and even those shipping tycoons who do not agree to do this now, will definitely do this in the future.

It doesn't cost much money, and you can also train relevant talents for yourself, so it is a very cost-effective investment.

The efficiency will be completely different if all the people on a ship are veterans who are proficient in shipping and maintenance and if there are only a few veterans leading a bunch of newcomers.

"Haha, Mr. Yang is quite straightforward." Bao Yugang said with a smile, "Then I will choose a school location based on the situation in Zuijiu Bay and try to build it as soon as possible so that it can open at the same time as your dock."

"Okay, buy a bigger one." Yang Wendong said, "The closer we are, the more efficient we will be in studying at the academy in the future."

"Okay." Bao Yugang nodded.

Yang Wendong asked again: "Mr. Bao recently bought two cargo ships in Japan?"

"Yes." Bao Yugang nodded and said, "The seven ships I had before were all second-hand and old, and I couldn't get many business, so I decided to buy a new ship. Do you want to buy a new ship, too, Mr. Yang?"

"I have this idea." Yang Wendong asked with a smile: "It just so happens that I also want to ask you about things to pay attention to when buying a new boat."

Although he has professionals under him, he still needs to be very cautious when purchasing either a second-hand or a new ship as the prices are too high. As a boss, even if he does not understand too professional things, he still needs to know some important information, especially experience.

As a veteran and a very shrewd businessman, Bao Yugang definitely understands this aspect much better than I do, so I took this opportunity to ask for his advice.

"Okay." Bao Yugang thought for a moment and said, "The first thing we need to pay attention to is..."

Bao Yugang explained based on his own experience, and also talked about some problems he encountered when buying a ship, as well as some experiences he learned from other ship owners, which also benefited Yang Wendong a lot.

Half an hour later, Bao Yugang said, “Mr. Yang, I can’t think of too many things in such a short time.

How about this, my company has some information on this subject, as well as some of my previous experience summaries, I can arrange for someone to send them to you.”

"Thank you, Bao Sheng." Yang Wendong also knew that this thing was quite valuable, although sharing knowledge with others would not cause any loss to himself.

Then he asked with a smile: "Mr. Bao, you told me such an important experience, aren't you afraid that we will become competitors in the future?"

"Haha, even if we expand our current size several times, we still can't be considered a competitor." Bao Yugang shook his head and said, "And this may be many years later, why think about it for so long?
Besides, even if they are competitors, they are not enemies. I still hope to maintain a good relationship with my peers.”

"Mr. Bao said it well." Yang Wendong praised and said, "I also hope to maintain a good relationship with my peers. It would be better if we can make money together.

However, I have a better idea. I wonder if Baosheng Global Shipping is willing to accept investment from outsiders?"

Although the Bao family abandoned their boats and landed after the 80s, the return on investment in the previous twenty years was also very high.

It can also bring the two companies closer together economically. Given such an opportunity, he would naturally want to invest in a share, just like Walmart.

……

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(End of this chapter)