Chapter 43: The Ambition of the King of Charters

After shaking hands, Bao Yugang asked, "Can you give our company a name?" ”

"You're a major shareholder, you can take it."

"Your knowledge is higher than mine, so you should take it."

"I don't think I'm more educated than you." Li Hualong said modestly, "Since you asked me to choose the name, I'll think about it, if you think it's good, then use it." ”

Bao Yugang nodded with a smile, he didn't urge Li Hualong, lowered his head and drank coffee.

At this time, the waiter brought the coffee ordered by Li Hualong.

Li Hualong took a sip of coffee and said with a smile: "Although our company's registered capital is only 5 million, we must establish the courage to develop this enterprise into the world's largest shipping company, and the company's reputation must be great...... Global Shipping, what's the name? ”

"To be honest, I've thought about the name." Bao Yugang said with a smile.

"Then we are heroes, and we see it the same way!"

"That's right!" Bao Yugang smiled and raised his glass, "Let's replace the wine with coffee, touch it, and wish our global shipping company a great future!" ”

"!"

Many years later, in an interview with a TVB reporter, Bao Yugang recalled: "Before Mr. Li Hualong agreed to create a global shipping company with me, I told my family about the idea of running a shipping company, and my father said that I was stupid, and he said, you don't know the business of this ship at all, how can you do it?" The cost is easy to drop! When my father found out that Li Hualong had agreed to buy shares, he immediately supported me. At that time, Mr. Li Hualong was definitely a big man in Hong Kong, a real estate tycoon, a hotel tycoon and a movie tycoon, and these titles began to be called at that time. With the strong support of Mr. Li Hualong and his optimism about the future of the shipping industry, I am confident that I will definitely be able to make a career in the shipping industry. ”

"At that time, you must have been very grateful to Mr. Li Hualong, right?"

"Of course, without his support, it would be difficult for me to become the king of the world, hehe, now, I am also very grateful to him."

……

On January 11, 1955, Global Shipping Company was incorporated in Hong Kong.

Shortly after the company was founded, before the Spring Festival was over, Pao Yugang left Hong Kong and went to London to buy a boat.

When he arrived in London, Bao Yugang shopped around, and finally bought a 27-year-old 8,700-ton coal-burning ship built in the 20s from Williamson for 200,000 pounds, which was called the "Incheon".

After buying the ship back from London, Bao Yugang and Li Hualong met, and at this time, Bao Yugang was very ambitious.

"Hualong, I think the first ship starts with the word 'A', the Chinese name is Jin'an, the English name is Alpha, and then BCDE...... Wheel down. ”

"That's a good idea." Li Hualong smiled, "However, have you thought about it, how to name it after the 26 letters are full?" ”

"With 26 ships, that's a very impressive fleet. I don't know when or when it will be realized. ”

"Brother Bao, this named thing is easy to say, but people have no long-term concerns, and they must have near-term worries. I hope that Global Shipping will become the largest shipping company in the world as soon as possible. ”

"I also hope to become a world-class boat king as soon as possible, and I will work hard."

"I'm sure you'll make it."

"With your partner's help, our global shipping company will definitely succeed!" Bao Yugang said confidently.

After Bao Yugang bought the "Incheon", he did not sail the ship to Hong Kong, but delivered it to the Urawa Port in Japan, and after some refurbishment, it was immediately leased to the Japanese Yamaguang Steamship Company for a period of nine months.

On July 30, 1955, the "Jin'an" was officially announced.

Nowadays, the traditional practice of the shipping industry is "taxi hire", also known as bulk charter. That is, according to the needs of the cargo owner, the goods will be transported to a certain place, and then the freight will be settled according to this voyage. The advantage of this is that the freight revenue is high and it is "cash profit".

During the boom of the shipping industry, even one voyage could earn back one-third of the cost of a ship. Almost all shipowners operate in this way, and no one would think of any other way.

However, Pao Yugang's first charter was a "long-term charter". That is, the boat is chartered to a regular customer for a period of 9 months.

Although long-term leasing is not an invention of Pao Yugang, as early as 1930, a shipping merchant in the United States was the first to use this method, but Pao Yugang is undoubtedly the person who gave full play to this method and achieved great success.

Pao's approach was immediately ridiculed by the industry, saying that he was stupid, but Li Hualong was very supportive of Pao's approach, after all, the global shipping company had just been established and he didn't know many customers, and leasing the ship out for a long time would greatly reduce the risk.

When Bao Yu first started his maiden voyage, Lu Weik of the United States, Onassis and Niagos, known as the "Golden Greeks", and Dong Haoyun of Hong Kong, had already dominated the sea for a long time. Dong Haoyun, also from Ningbo, is known as the "King of Hong Kong Ships", and his "Sea Giant" was once the world's largest oil tanker.

When Pao Yugang bought his first ship in London, someone warned him: young man, shipping is a dangerous industry, and if you don't get it right, you will lose the last shirt.

Li Hualong heard Bao Yugang say that some people bet that if Bao Yugang can succeed with this broken boat, then I am willing to climb back and forth on the Hong Kong wharf a few times. Hearing this, Li Hualong laughed, and he said that if the global shipping company could not succeed, he would be willing to run naked in Sheung Wan.

Bao Yugang was very grateful for Li Hualong's support, and he told Li Hualong what he thought in his heart.

"Aaron, I think that the charter of a ship to a reputable and financially reliable tenant for a few years will allow you to borrow money from the bank and purchase more vessels and expand your fleet."

"Oh, so you're playing such a wishful thinking!" Li Hualong suddenly realized, at this moment, he understood why Bao Yugang's shipping company was able to quickly develop into the world's ship king in the shipping industry, which is full of strong enemies.

"Shipping is an industry with huge capital investment, and it is almost impossible to develop your fleet with the money you earn without a bank as a backer." Bao Yugang said with a slight smugness.

"Brother Bao, just talk to me about what you say, don't tell outsiders." Li Hualong said with a smile, "If our competitors know about your brilliant idea, then others will have the upper hand." ”

Bao Yugang knew that Li Hualong was joking, so he said along with the meaning: "Don't worry, I will keep it secret." ”

"Directly looking for a bank loan to buy a boat, even if you use the boat as collateral, I estimate it will be very difficult. If you have a long-term lease, it may be more convenient to take out a loan from a bank. Brother Bao, you are familiar with the bank's business and know how to do what it likes! ”

"I've heard that you're a shareholder of Hang Seng Bank, and you know that. I have a lease, can I get a loan from Hang Seng Bank? ”

"I only hold 15% of the shares, I don't have much to say in Hang Seng Bank, and usually, I don't care about the experience of Hang Seng Bank. However, Global Shipping is our own business, and if you want to borrow from Hang Seng Bank, I can introduce you. ”

Li Hualong paused and continued: "I think it is better to take out a loan from HSBC, maybe at the beginning, the loan amount is very small, as long as you maintain a good cooperative relationship, you can continue to get loans from HSBC. Compared to HSBC, Hang Seng Bank is too small. ”

"With a lease, it's hard to get a loan from HSBC. After a while, I will buy another boat, and I will go to Japan to visit the tenants and the tenants' banks, hoping that they will agree to open a letter of credit, get the letter of credit, and HSBC should provide a loan. ”

"If the company is in a hurry to use the money, I can provide a guarantee for Hang Seng Bank to provide a loan of HK$3 million to the global shipping company, and it will be a little difficult to get more loans."

"Lack of money, I'm now Han Xin's soldiers, the more the merrier. In the short term, being able to get a loan of 3 million Hong Kong dollars will be of great help to the development of global shipping companies. ”

"In a few days, I will ask Ho Shanheng, the chairman of Hang Seng Bank, to come out for a meal, and you can talk to him about the loan."

"That's great."

At the end of August, Hang Seng Bank granted a HK$3 million loan to Global Shipping Company.