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After chatting a few words, Bao Yugang and Li Hualong chatted about business.

"In the past few days, the global shipping company is sorting out last year's accounts, and when last year's performance report is made, I will send it to your house and have a meal at your house."

Bao Yugang is not yet the king of the world's ships, but he holds a global shipping company worth tens of millions of Hong Kong dollars and is worth tens of millions, so he naturally does not lack a meal for Li Hualong, and the reason why he says this is because he has a close relationship with Li Hualong and Li Hualong's family.

"Always welcome."

"Aaron, in the past year, you haven't paid much attention to the development of global shipping, and your company director is very incompetent!" Bao Yugang joked.

"I'm incompetent, I believe in you, and you should thank me for trusting you." Li Hualong smiled, "Brother Bao, do you estimate, as of now, how many total assets of the global shipping company are?" ”

"The total assets are almost 80 million, but the company has borrowed a lot of money from the bank, and its net assets are more than 40 million."

"It seems that my vision is very accurate, and I can make a lot of money by cooperating with you." Li Hualong smirked.

"I can't say that, without you, the global shipping company would not be able to develop so fast. Let's say you provide a guarantee for the company to borrow money from Hang Seng Bank, and without this guarantee, you can't seize this golden opportunity to buy a few more ships before the Suez Canal War happens. Missing this opportunity to make money, the company's future growth speed will definitely be affected. Let's just say that in recent months, the freight earned from each ship can buy another ship. ”

……

The Suez Canal is a transportation choke point connecting Europe, Asia and Africa, and has important strategic and economic value. The Suez Canal Company, controlled by Britain and France, made huge profits every year and became Egypt's "state within a state".

As early as 1952, after the victory of the July Revolution in Egypt, the Egyptian people launched a struggle against the British occupation of the Yun=River=area and demanded the recovery of sovereignty over the canal.

In October 1954, Britain was forced to agree to withdraw the occupying forces from the Yun=River=District by June 13, 1956.

In order to develop its national economy and resist Israeli aggression, Egypt signed trade agreements with the Soviet Union, the Democratic Republic of Germany, and Poland in September 1955 to purchase weapons and equipment from the Soviet Union and other countries after seeking military assistance from the West was harassed and refused. This has aroused strong dissatisfaction among Britain, France, the United States, and Western countries.

In July 1956, Britain and the United States issued a statement to force the Egyptian government to abandon its policy of independence and self-determination, withdrawing the $70 million in aid promised in 1952 for the construction of the Aswan High Dam in Egypt. Then, the World Bank also stopped lending $200 million to Egypt, and Egypt did not give in to Western pressure, and on July 26 of the same year, Egyptian President Nasser issued an "order on the nationalization of the International Suez Canal Company" in order to use the proceeds of canal shipping as funds for the construction of the Aswan High Dam.

Britain and France feared the closure of the canal and the severance of oil shipping routes between the Gulf and Western Europe, and threatened sanctions against Egypt. First of all, Egyptian deposits in Britain and France and the funds of the Canal Company were frozen.

On August 2, 1956, the governments of Britain, France, and the United States issued a joint communiqué, advocating the "internationalization" of the Suez Canal and proposing to convene a London conference attended by 24 countries, which Egypt refused.

Subsequently, the "five-nation committee" of United States, Australia, Ethiopia, Iran and Sweden exerted pressure on Egypt.

Britain and France also instigated hundreds of foreign staff to leave, but the Egyptian navigator succeeded in keeping shipping flowing.

In September 1956, Britain, France, and the United States reconvened a meeting in London and decided to submit the Suez Canal issue to the UN Security Council for discussion.

After Egypt took control of the Suez Canal, except for countries friendly to Egypt, all ships had to detour through the Cape of Good Hope, resulting in a sharp rise in international freight rates, and Hong Kong was considered a British colony.

As international freight rates skyrocketed, the revenues of global shipping companies skyrocketed.

With a new lease, Pao approached HSBC's Taipan and, after some negotiations, secured a large loan, all of which was used to buy a boat.

After getting a new lease, Pao took the lease to HSBC and obtained a large loan, all of which was used to buy a boat.

On October 29, 1956, 10 brigades of the Israeli army invaded the Sinai Peninsula in four directions, forcing towards the canal, and the Egyptian army launched a stubborn counterattack.

A day later, Britain and France demanded that Israeli and Egyptian troops withdraw from the Yun=River=area within 12 hours, otherwise they would send troops to intervene, which was refused.

Another day later, the British and French troops intervened in Egypt with armed force.

On November 5, 1956, British and French marines landed near Port Said, but the invading forces were stopped by the heroic resistance of the local soldiers and civilians.

Egypt announced the severance of diplomatic relations with Britain and France, and the main force of the Egyptian army withdrew from Sinai and concentrated on defending the transport = river = area.

Many countries in the world support Egypt's just struggle against aggression, and some Arab countries have severed diplomatic relations with Britain and France and imposed an oil embargo on Britain and France.

On November 1, 1956, the United States put forward a proposal for an immediate truce at the emergency session of the United Nations General Assembly.

On 2 November 1956, the General Assembly adopted the proposal by an overwhelming majority.

On November 5, 1955, the Soviet Union proposed to send troops together with the United States to "stop" the aggression, and issued an ultimatum to Britain and France, claiming that it was "determined to use force" to restore peace.

The British and French governments were in internal and external difficulties, and on November 6, 1956, the two countries declared a ceasefire.

On December 3, 1956, Britain and France announced the withdrawal of their troops from Egypt, and all of them were withdrawn on the 22nd of the same month.

……

"Such an exaggeration?!" Li Hualong looked at Bao Yugang with a little surprise.

Li Hualong really can't imagine that in just a few months, the freight of a ship can buy another ship, but if you think about it carefully, it is normal.

A few years ago, during the Korean War, many shipowners in Hong Kong secretly transported prohibited goods to the mainland and made huge profits, and now, there is a war in the Suez = River = area, and the canal is blocked, and the situation is almost the same.

"If you don't raise the freight, you won't be able to rent a ship at all."

"It seems that prices in Hong Kong have risen a lot in recent months." Li Hualong said.

"The increase in freight rates is the main reason."

"If you know about it, you should borrow more money to buy a boat." Li Hualong said an afterthought, and asked with a smile, "In the past few days, I haven't paid attention to international news, and Israel hasn't withdrawn from the Sinai Peninsula yet, right?" ”

"Not yet. I estimate that within four months, Israel will retreat. Pao predicted that his prediction was accurate, with the withdrawal of Israeli troops from the Sinai Peninsula on March 8, 1957, and Egypt's victory in the struggle to reclaim sovereignty over the Suez Canal.

Bao Yugang and his wife stayed in the ward for more than ten minutes, and Li Yisong and his wife, Li Huawen and his wife came to the hospital together.

"Brother Bao, you're early enough!" Li Huawen greeted with a smile.

"I haven't been here for long." Bao Yugang smiled and said, "Uncle Li, Aunt Li, hello! ”

"Good!" Li Yisong smiled and said, "Yugang, I heard Yunlong say that there was a war in Egypt, and the international freight rate has risen a lot, and your shipping company has made a lot of money, right?" ”

"It's a lot of money. In recent days, international shipping costs have begun to fall. ”

"I've heard you say before that your shipping company usually signs long-term contracts, and this price increase and fall will not have much impact on you, right?" Li Huawen asked.

"In Chinese, long-term contracts in the shipping industry are not as long as you think, mainly medium-term contracts. Regardless, Global Shipping seized the opportunity to make money. Bao Yugang said happily.

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