Times Shipping's acquisition of the Norwegian shipping giant Bengesen Group is progressing very smoothly, and the two major shareholders of Bengesen Group are very satisfied with the opening price of Times Shipping, after all, it is very ideal to sell at this price in the cold winter of shipping.

On January 18, 2000, Mr. Lin Zuhui, Chairman of the Board of Directors of Hong Kong Times Shipping Group, announced that Times Shipping had spent a huge amount of money to acquire the "boss" Bengesen Group of Norwegian Shipping, with a total load of nearly 22 million tons, exceeding the world shipping record set by the late "Charter King".

Morris, president of Times Shipping, also revealed to reporters that this is currently the world's largest shipping company in terms of total tonnage, and about 7 million tons of new ships ordered by Times Shipping will also be added one after another, and the pace of Times Shipping to create records will not stop.

At the same time, some media revealed that the acquisition cost was 1.26 billion US dollars, which was once again the 'merger of the century' of 1 billion US dollars created by New Era Shipping in 1998 - the purchase of Hailu's international liner business and related 18 terminals. In just two years, Times Shipping has spent $2.9 billion on mergers and acquisitions, $6 billion on new ships, and more than $10 billion on the purchase of second-hand ships and logistics construction.

For a while, everyone was shocked!

The global media have described Lin Zuhui as a well-deserved coronation as the new "World Ship King", and in the new field - shipping has once again achieved hegemony.

........

Times Shipping Headquarters is located at ACN Centre in Admiralty, Central.

Lin Zuhui convened the senior management of Times Shipping and held a core meeting.

As is customary, he listened to the work reports of the senior management first and formed a system in his mind, which was due to his IQ far exceeding that of ordinary people, which helped him to achieve great ambitions in his career.

Times Shipping has three core businesses: shipping/air transportation, port/tugboat, and logistics/transportation, and the three sectors complement each other and develop in a coordinated manner.

Among them, the business of sea/air transportation not only includes the transportation of containers, oil, liquefied gas, ores, etc., but also includes the business of ship leasing and management; As for the air transport business, there is no opportunity to enter it yet, but Lin Zuhui's idea is that after the 911 incident, he will enter the aircraft leasing business in a big way, that is, buy leasing companies or buy second-hand aircraft, order new aircraft, etc.

Vice President, Port/Tugboat Business, reported, "We have completed the acquisition of a 30% interest in Klang Westport, Malaysia, which is located on a 520-hectare waterfront site and is an integrated port with terminal facilities capable of handling wet and dry bulk cargo and breakbulk cargo...... Entered into an agreement with Philippine International Container Terminal Services Corporation (ICTSI) and its investors to acquire ICTSI International Holdings Inc. (IIHC), ICTSI's subsidiary holding company responsible for overseas port development business......"

One by one ports join the arms of Times Shipping, although some are not controlling acquisitions, but it does not prevent Times Shipping's ports from spreading all over the world.

"What about the ports in South America?" Lin Zuhui asked.

North America, Europe, Africa, Southeast Asia, and Asia are already full of ports of Times Shipping, and South America cannot be missed, after all, there are emerging developing countries such as Brazil and Argentina.

"We are negotiating the port in Brazil, and we will report back to you as soon as there is progress!"

"Hmm"

"By the way, boss, the second phase of Beilun Port in Ningbo, the mainland, we also hope to win."

A thought flashed through Lin Zuhui's mind, he was going to teach the descendants of the Bao family a hard lesson.

After completing the redevelopment plans of 'Times Square' and 'Harbour City', Wharf and Wheelock wanted to go further and become large-scale developers (residential developers), but because Wu Guangzhen was ambitious, he always liked to engage in big projects (with the shadow of the charter king); And make a lot of money before Jiuqi.

Also, in the Modern Container Terminal Company, Lin Zuhui almost snatched control from the Bao family; Of course, his purpose was nothing more than 'blackmail', so he ended up making a profit and letting Modern Container and Asia Container join forces against international containers.

All kinds of events come together, and Lin Zuhui's 'suppression' of this family is all the time.

However, it is also common sense - with the birth of a new type of chaebol, it is bound to have a huge impact on these old chaebols; And these old chaebols didn't think about suppressing the new chaebols, but Lin Zuhui's growth rate was too fast, and at the beginning, he had a sharp weapon for media communication, and he also had good network resources.

In a short period of time, Lin Zuhui completed the equalization with the old chaebol and continued to surpass rapidly, which was not expected by anyone.

"It's not a big problem, if there is something that needs me, you can report it to me!"

"Okay, we are building $2 billion ships in the mainland in two years, as if we are already supporting the shipbuilding industry in the mainland; Coupled with your relationship with the boss, it should be easy to take this port. ”

Lin Zuhui nodded, his port branches in the mainland are in Guangdong Province, Magic Capital, Mountain Province, and now Zhejiang Province, which is almost full; Of course, he is not greedy, and there is too much competition with Li Chaoren, because he knows that the mainland also values Li Chaoren.

"It's not just the port problem, our relationship in the mainland is enough to intervene in the oil and gas transportation and ore transportation in the mainland, you should take the initiative in this regard, and report in a timely manner if you need me."

Morris immediately nodded and said, "Okay, boss!"

Next, Lin Zuhui listened to the progress of the logistics/transportation business.

In the field of logistics and transportation, the gradual development of Times Shipping is not as radical as that of shipping and ports; However, this is only for Times Shipping itself, and for the entire logistics field, the development of Times Shipping Logistics is very fast.

For the development of logistics/transportation, Lin Zuhui attaches great importance to it, with this business, Times Shipping can solve one-stop services for customers. Just like the 'Cherry Freedom' in the previous life, Times Shipping can purchase from New Zealand and then complete the one-stop service in the mainland logistics park, so that customers are naturally more satisfied, and the red wine field is ......

The logistics/transportation business, unlike the cyclical nature of the shipping industry, the overall business is sustained and stable, which is also the previous life Maersk learned from the pain around 2016, vigorously developed logistics/transportation, and spent a huge amount of more than $2 billion to acquire the logistics business of Li & Fung Group.

.........

The Bao family.

Su Haiwen, chairman of the board of directors of Global Shipping, and Wu Guangzhen, chairman of Wharf Group, got together, and although Bao's four sons-in-law came from all over the world, even Japanese, they were still quite united.

One son-in-law mastered the Wharf and Wheelock and real estate business (Wu Guangzhen), one son-in-law mastered global shipping (Su Haiwen), one son-in-law mastered family funds and investment (Zheng Weijian), and one son-in-law mastered the Japanese business (Shinichiro Watarata)

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Su Haiwen said solemnly: "Guangzheng, the purpose of Times Shipping's blitzkrieg's acquisition of Norway's Bengesen Group is obvious, it must be to get a share of the oil and gas transportation in the mainland. As a result, the situation of global shipping is not good. You are from Huaxia, what do you think about this? How do you think global shipping should respond to the challenge? ”

It turned out that Su Haiwen had been eyeing the growing shipping business in the mainland for a long time, and now the sudden rise of shipping in the era will deal a big blow to global shipping with a capacity of 9 million tons.

Wu Guangzhen smiled bitterly: "With Lin Zuhui's relationship in the mainland, Times Shipping is more competitive than Global Shipping. Especially in the past two years, Lin Zuhui has also supported the development of the shipbuilding industry in the mainland, and it is impossible for the mainland to refuse to hand over the shipping business to him. So, Haven, there's not much I can do to help you with this, it's all up to you. Although my father-in-law had a lot of relationships in the mainland back then, he has already been almost consumed, and you need to re-examine your relationship with the mainland. ”

Su Haiwen was stunned, so he had to say: "I am also going to build a few ships in the mainland, hoping to get a share of the shipping business in the mainland!" ”

Against a strong opponent, global shipping is helpless. To be honest, even if Global Shipping were to buy the Bengesen Group, Global Shipping would be heavily borrowed.

In fact, tens of billions of Hong Kong dollars in expenditure is already a large number for global shipping.

However, for the New Era Group, it is nothing more than a very general expense.

In the past few years, Lin Zuhui's hundreds of billions of Hong Kong dollars have been acquired, and there have been two more, tens of billions of Hong Kong dollars.

The disparity in strength has put these old chaebols under great pressure and are a little helpless.

........

After the acquisition of Bengesen Group, Times Shipping immediately set up a business department in the mainland, which is responsible for competing for the transportation of oil, liquefied gas and iron ore.

This move not only made Global Shipping feel the pressure, but also made the official enterprise with the prefix 'Hua' feel the pressure.

The three major oil companies in the mainland are customers of global shipping, and now there is a risk of switching to Times Shipping;

Although China Shipping is a government enterprise, they also understand that the mainland must take care of Times Shipping, not to mention Lin Zuhui's relationship, that is, a ship order worth 2 billion US dollars, which is a great favor. The $2 billion itself is a great support for the shipbuilding industry, coupled with the international influence behind it, it has a far-reaching impact on the entire Chinese shipbuilding industry.

Of course, after feeling the ambition of Times Shipping and Lin Zuhui, more people asked: "Lin Zuhui spent tens of billions of dollars at this time, is the gambling a little bigger?" ”

This kind of discussion is endless, professionals think it is a bit 'reckless', but Lin Zuhui has many supporters, they all believe that 'things must be opposed', Mr. Lin Zuhui at this time to buy the bottom of shipping, indicating that shipping will explode in the next few years.

For these discussions, Lin Zuhui did not take it to heart!

Over the years, he has invested in many long-term projects, such as beverages and food, shipping, hotels, etc., and he really only invests in the early stage, without considering the return. What supports him to play like this is the profit of New Era Group in real estate and finance.

There is no shortage of followers in New Era Group, and stocks are the favorite investment of Xiangjiang citizens, as evidenced by the fact that the market value has exceeded one trillion yuan.

.......

In late January, the media again reported that Times Shipping and the mainland Beilun Port were negotiating to jointly develop the second phase of the Beilun Port project, and the joint venture company will invest RMB 2 billion to operate and manage the three container berths of the second phase of the Ningbo Beilun Port.

When the news came out, it was reprinted and spread by Hong Kong media.

Many media bluntly said that with the strong rise of shipping in the times, the global shipping established by the charter king will become difficult; Now, Times Shipping not only wants to seize the oil transportation business, but also wins the second phase of Beilun Port.

At the earliest time, Beilun Port was proposed to build a deep-water port by the charter ship, and the first phase of the project was jointly built by Bao's and the mainland; Now that Times Shipping has just acquired Norway's Bengesen Group and turned to Beilun Port, it is inevitable that people feel that Times Shipping is targeting global shipping.

When the news reached Global Shipping, Su Haiwen, chairman of the board of directors, could only sigh, and he said to the senior management around him: "Beilun Port is only secondary, what is important is the attitude of Times Shipping." Now it seems that global shipping will usher in a strong opponent, my father-in-law passed on to me this family business, say whatever you want to carry forward, you search for the world's acquired old liquid gas shipping companies, so that the group's business extends from oil to liquid gas transportation. ”

A senior executive said: "Times Shipping has ordered $6 billion in new ships in two years, including oil ships, and it seems that they not only want to transport natural gas, etc., but also want to enter oil transportation in a big way." ”

"We are a leader in the oil industry with a history of more than 40 years, and we are not afraid of challenges!" Su Haiwen said confidently.

Some high-level officials want to stop talking, and global shipping is a leader in the field of oil transportation, but in the past, almost all of them were chartered ships. The key is that the New Era Group has a lot of money, and if it enters the field of oil transportation, it is bound to be menacing.

.......

Cheung Kong Industrial.

When Li Chaoren heard that Times Shipping had won Beilun Port, he immediately frowned.

"Beilun Port, I have long had the intention of cooperating, and Lin Zuhui took the lead." He said to himself.

From Europe to Southeast Asia, the Americas to Asia, Times Shipping has won the right to operate many ports with unrivaled momentum, which makes Hutchison Whampoa always have a feeling of chasing behind Times Shipping.

The key point is that after opening their ports to Times Shipping, many countries do not plan to cooperate with Hong Kong-funded enterprises anymore, so as not to be controlled by capital in one place.

This has limited the development of Hutchison Whampoa.

"Yu and Liang"

"Since the rise of Lin Zuhui, my career development has been restricted in many ways, from real estate, ports, to retail, telecommunications, the career that should belong to me has been robbed by Lin Zuhui."

At this moment, since the old and strong Li Chaoren was a little stunned, fortunately, he quickly finished complaining, and continued to work as if he was fine.

In the final analysis, he can't play Lin Zuhui, it's nothing better than anything!