Lin Zuhui first praised: "It is said that the Korean shipbuilding industry has a lot of orders this year, and our 'Times Shipping' also needs a large number of ships to expand its business."

Why did South Korea’s shipbuilding industry increase during the financial crisis?

It turns out that the depreciation of the Korean won, coupled with the Asian financial crisis, has greatly reduced the price of Korean shipbuilding. European and American shipowners have seen this and naturally want to take advantage of the low price to build ships. After all, at this time, South Korea's shipbuilding industry has already caught up.

Going to Japan.

At the same time, South Korean shipping companies are heavily in debt, and their business is shrinking, so they are in urgent need of injecting funds to revive the company; for this reason, a large number of South Korean shipyards and shipping companies are selling "second-hand ships" at very low prices.

Based on these reasons, Times Shipping does not need to wait until the trough of 1999 to buy the bottom. After all, it takes about two years to build a new ship. If you don’t come to Korea to order a ship now, you will have to queue up later, and the price will also come and go.

This chapter is not over yet, please click on the next page to continue reading! As for Times Shipping, it is also planning to purchase second-hand ships in South Korea. This is also the reason why it wants to take advantage of South Korea’s currency depreciation and financial crisis to get some bargains.

As for why you don’t go to the mainland to order ships?

Times Shipping also has this plan, but it definitely only has smaller orders. To put it simply, if South Korea’s annual production of ships is 10 million tons, the mainland’s is only about 2.5 million tons at this time, only 25% of others; side effects show that some of them are highly technical.

For ships, mainland shipyards are still unable to do so.

If the technology is sufficient and the price is reasonable, Times Shipping will indeed consider mainland shipyards.

Times Shipping needs about 10 million tons of ships in the past few years (both new and old ships are needed), which is a huge quantity. Based on the current price of a new ship of 10,000 tons of about 9 million US dollars (old ships are cheaper), the total new ship is 9 billion

It is about US dollars, which is a huge investment. Of course, it may be more than this tonnage, but the proportion of old ships is definitely very large, and new ships are unlikely to exceed half.

The reason why Lin Zuhui dares to invest such a huge amount is that in addition to the huge cash flow of the company, the business is also planned to be completed through acquisitions. For example, Times Shipping has set its sights on the largest established shipping company in South Africa. Furthermore, Times Shipping will also expand its 'chartering business'

, the mainland is a big customer for chartering ships.

Generally speaking, after 2001, as long as you have a ship, you will have no worries about business. In fact, shipping has recovered a lot in 2000. If it weren't for 911, this shipping cycle would have started earlier.

Zheng Mengxian immediately said proudly: "Mr. Lin is right. Our shipbuilding technology in South Korea is comparable to Europe and the United States. In addition, the cost of ordering ships this year has dropped significantly, so the business of South Korea's shipyards is very busy."

He did not mention Japan, but he obviously believed that South Korea's shipbuilding industry had surpassed its competitor Japan.

Lin Zuhui pretended to be surprised and said: "Will our queue for ordering ships take too long? After all, our Times Shipping plans to order ships of several million tons!"

As soon as he finished speaking, a group of Hyundai Group executives opened their eyes wide and looked at Lin Zuhui in disbelief. After all, Hyundai Group's annual shipbuilding tonnage is only more than 2 million tons.

Zheng Mengxian said even more excitedly: "Mr. Lin, you came at the right time. The order delivery will not exceed 2001! The millions of tons you mentioned are..." He was afraid of offending people, so he didn't dare to question, but he was a little uncomfortable.

believe.

Lin Zuhui said with a smile: "No less than 2 million tons. In fact, our group needs to buy 10 million tons of various ships within three years."

Zheng Mengxian could only bite his tongue to wake himself up, and said: "Mr. Lin, don't worry, our Hyundai Group will take valued customers like you seriously."

Lin Zuhui smiled and nodded, and then asked Morris, a professional, to explain the type of ship, tonnage, delivery time, etc. needed by Times Shipping.

Type, tonnage, delivery time, etc., have been carefully discussed by Lin Zuhui and the senior management of Times Shipping, in line with Lin Zuhui's general view, and based on the needs of the surrounding market, etc.

This meeting was very long, but it was just a discussion between the top management of both parties. Of course, today is just a preliminary cooperation agreement, and more professional people will bargain next.

However, what is certain is that this time Times Shipping will order approximately 2 to 3 million tons of ships in South Korea in the first half of 1998, and the price will be in the range of 2 to 3 billion US dollars.

During this period, Lin Zuhui said to Zheng Mongxian: "Chairman Zheng Mongxian, we at Times Shipping want to invest in the second phase of Gwangyang Port in South Korea. We would like to invite Hyundai Merchant Marine to cooperate with us. We also hope that you can connect with the Korean Port Authority."

Maritime transport alone is not enough, you must also invest in ports.

This year, Times Shipping has acquired the Thames Port in the UK and is also considering acquiring the Dutch company ECT (which holds the Port of Rotterdam); followed by ports in North and South America, Africa, and Southeast Asia.

Of course, many ports cooperate with local consortiums. South Korea is a relatively xenophobic country (national pride), and Xiangjiang is also a xenophobic area (local chaebol monopoly).

Therefore, we took advantage of the opportunity to order ships and negotiate a cooperation agreement for Korean ports.

Zheng Mengxian agreed without hesitation and said: "Of course there is no problem. We in South Korea welcome foreign investment. And we especially welcome global groups like New Era Group. The first phase of Gwangyang Port will be completed this year.

We don’t know yet when the government will carry out the second phase, but please rest assured, Mr. Lin, we can reach a cooperation agreement as soon as possible and then propose the development of this project to the Port Authority without any big obstacles.”

Ports are not valuable, unless they are among the top ten ports in the world. Gwangyang Port is the second largest port after Busan Port in South Korea, but it is also the best port to enter.

Lin Zuhui nodded and said, "Then it's a deal!"

“It’s a deal!”

When he comes to South Korea this time, what Lin Zuhui wants is goodwill, because after May, he will show his butcher knife and make purchases in South Korea.

Of course, this is what the South Korean government is happy to see. After all, this country needs foreign investment.

In fact, in May, Lin Zuhui mainly wanted to buy some promising stocks such as Samsung Electronics, SK Hynix, and Amorepacific; there was no possibility of hostile acquisition. Even if there was an acquisition of a company, it would definitely be "taking advantage of others' danger."
Chapter completed!