Resource Tycoon Reborn
Chapter 107 How can you not lose money
The headquarters building of Hanjin Shipping Company in Busan can be said to be a landmark building in Busan and the pride of Busan people. As a small country with a land area of only 100,000 square kilometers, it can enter the ranks of the top ten shipping countries in the world, among which Busan
The port and the Hanjin Shipping Company, which serves as the shipping center, have contributed a lot to this.
Hanjin Shipping Company is the largest shipping company in South Korea and one of the top ten shipping companies in the world. With a fleet of more than 200 container ships, bulk carriers and liquefied natural gas ships, it operates more than 60 scheduled shipping lines around the world.
and irregular routes transport hundreds of millions of tons of goods to all parts of the world every year. This ensures the smooth operation of South Korea's import and export trade and provides many jobs for Koreans. In addition, import and export trade is the key to South Korea's economic development.
It is a pillar industry, so among the tens of millions of people in Busan, the number of people engaged in industries related to the port and shipping industry is extremely amazing. Therefore, in the Port of Busan, the largest seaport in South Korea, the importance of Hanjin Shipping Company is self-evident.
However, due to excess global shipping capacity and the impact of the global economic crisis, Hanjin Shipping Company is not having an easy time and has suffered losses for many years. Although, due to Hanjin Shipping Company’s backbone position in the Korean shipping industry, South Korea
The government has to support Hanjin Shipping Company no matter what the purpose is, but if this continues for a long time, the company's shareholders still express strong dissatisfaction. Although in Zhao Xunhao's view, Hanjin Shipping
The reason why the company is in its current situation is largely due to the misbehavior of a small group headed by his sister-in-law Choi Mi-yeon. However, he is now the president of Hanjin Shipping Company and the first person in charge of Hanjin Shipping Company. Outsiders
Of course, the accusations will still be directed at him.
Since Choi Mi-yeon lost the battle with Cho Hoon-ho for control of Hanjin Shipping Company, she is now only a director on the board of directors of Hanjin Shipping Company, but the forces on her side still have a huge influence in Hanjin Shipping Company that cannot be ignored.
Strictly speaking, Park Jin-hae, the current president of Hanjin Shipping Company, who was implicated, also belongs to Choi Mi-yeon. The reason why Hanjin Shipping Company has fallen into its current situation is that the infighting in the board of directors can be said to have played a very negative role.
On June 12, it was raining continuously in Busan, but at the headquarters building of Hanjin Shipping Company, luxury cars drove in one after another, and the company's top management also came out to welcome the directors inside again and again.
"Zhenhai, is that old guy Zhao Xunhao here?" Cui Meiyan stepped out of the car gracefully and smiled sweetly at Park Zhenhai. Although she was the mother of two adult children, she was still charming when talking and laughing. Park Zhenhai secretly said
He swallowed a mouthful of saliva. If he didn't know her age, judging by the naked eye, she was simply a mature woman in her thirties! I don't know how this woman took care of herself.
"Director Cui, Chairman Zhao hasn't come yet." Park Zhenhai looked at his watch and said, "There are still twenty-three minutes until the meeting starts. Presumably, Chairman Zhao will arrive before then."
"Brothers and sisters Zhixian and Zhiyuan have taken great care of you, Zhenhai, in the company. As a mother, I also want to thank you in person!" Cui Meiyan said with a chuckle.
Pu Zhenhai quickly smiled and said: "What Madam said made Zhenhai speechless. The young master and the young lady are both knowledgeable and intelligent. Even without my care, they will stand out among the others. Where do you need me?"
I have come to take special care of you. I really don’t deserve Madam’s thanks.”
Cui Meiyan covered her mouth and smiled sweetly: "Zhenhai, you are getting better and better at talking! Don't worry, we will firmly support you to continue to be the president."
"Thank you, madam!" Park Zhenhai breathed a sigh of relief secretly. Zhao Xunhao suddenly asked Hanjin Shipping Company to recruit the entire board of directors, which made him feel a little uneasy. Seeing that the first half of the year was about to pass, Hanjin Shipping Company's
His performance was deteriorating, and he was worried that Zhao Xunhao would suddenly recruit the entire board of directors to challenge himself! Although he also had some shares in the company, losing his position as president would be a major career change for him.
frustration.
"However, Zhenhai, you people also need to cheer up. Although the general environment of the shipping industry is indeed not good, if the company continues to lose money like this, the opinions of shareholders are still very big. If we talk about the performance of all shipping companies in the country
It’s okay if it’s not good, look at Hyundai Merchant Marine Company, it was on the verge of bankruptcy before, but now?” Cui Meiyan said with a solemn face, her smile reduced.
"We will definitely try our best to change." Park Jinhae bowed his head, but secretly cursed Cui Miyan in his heart. Hyundai Merchant Marine Company has indeed become an outlier among these shipping companies in South Korea. Although the performance in the first half of the year is
The table has not been released yet, but as a peer, he can still make a rough estimate. Hyundai Merchant Marine must have made a profit in the first half of the year, and the profit was about 30 million US dollars.
What is the reason behind Hyundai Merchant Marine's profitability? He believes that Cui Miyeon cannot not know! After experiencing the equity dispute between Hyundai Group Company, Hyundai Motor Group Company, and Hyundai Heavy Industries Group Company, today's Hyundai Merchant Marine Company has
It is completely owned by Hyundai Group Company, and Hyundai Group Company is firmly controlled by shareholders headed by Xuan Zhenen. It can be said that the equity dispute that has troubled Hyundai Group Company for many years has completely come to an end. Even if the Zheng brothers return in the future
If there is any intention to compete for the equity of Hyundai Group, it will have to be at least a few years away.
After Hyundai Merchant Marine Company became part of Hyundai Group Company, Xuan Jin-eun carried out a purge of the company. Those employees who were loyal to the Zheng brothers were kicked out by her in various ways. Even the management team underwent a major change.
Moreover, during this period of time, Hyundai Merchant Marine either stopped leasing its leased ships or canceled the leases early, and received a batch of ships from Kuok Shipping Group Company to supplement the chartering fees.
It saves 70 to 80 percent in one piece, greatly saving operating costs. Hyundai Merchant Shipping Company has launched a comprehensive cooperation with Kuok Shipping Group Company to expand the Chinese and Southeast Asian markets, and it is like being reborn today. Half a year ago
The profit of 30 million U.S. dollars is not a lot, but it is particularly dazzling given the current situation where the Korean shipping industry is suffering.
On the other hand, Hanjin Shipping Company’s annual ship leasing costs alone are an astonishing expense, devouring a large amount of the company’s profits. Although Hanjin Shipping Company has discussed with these ship owners many times, requesting an appropriate reduction in ship leasing costs
, to help Hanjin Shipping Company tide over the difficulties, but it was either rejected ruthlessly, or it was only a symbolic price reduction. For Hanjin Shipping Company to balance its finances, it can only be said to be better than nothing! And these problems
The initiator is the one in front of me!
If she had not been short-sighted and believed that the global shipping industry would continue to prosper for many years, strongly promoted the expansion of Hanjin Shipping Company's fleet, and did not leave any back-up in the contract, Hanjin Shipping Company would not be in the situation it is today.
situation! But he would never dare to say these words to Cui Meiyan.
As Cui Miyan walked, she looked at the employees in the building. What she enjoyed most was the envious and amazing eyes of these employees. If only she could successfully take over the Hanjin Group from her husband.
Daquan is not a director now, but the chairman of Hanjin Group Company and Hanjin Shipping Company. He is the number one person in the entire group company. Wherever he goes, there are crowds of people bowing... That
It will undoubtedly excite her even more!
Thinking of this, Cui Meiyan's face darkened, damn Zhao Xunhao, and that Fang Mingyuan! If he could support himself, now Zhao Xunhao would be suppressed by him, instead of having to passively defend against Zhao Xunhao's aggressiveness. Since then, Samsung
Li's attitude towards her also became alienated. She knew that the other party did not want her daughter to get close to Fang Mingyuan! And this made her even more dissatisfied.
Her son and daughter are her pride. In her opinion, her son and daughter are 10,000 times better than Zhao Xunhao's two daughters and one son. However, because her husband Zhao Xunji cannot be a director, she is forced to replace the chairman of the group company.
Give up the position to Zhao Xunhao, otherwise, his children will be the prince and princess of Hanjin Group Company!
It's all Fang Mingyuan, Zhao Xunhao is against him, and he, an outsider, is standing with Zhao Xunhao! Why can Xuan Zhenen get his help, and help Xuan Zhenen forcefully to remove the power of the Zheng brothers from modern times?
After being kicked out of the group company, Xuan Zhenen took control of the modern group company and was no longer threatened by the Zheng brothers. And compared with himself, what was Xuan Zhenen? What help could Xuan Zhenen give him?
?And she not only promised to give him double benefits, but also promised to "marry" her daughter to him, but he actually refused! Cui Meiyan would not admit that she "married" her daughter to Fang Mingyuan in order to get more from Fang Mingyuan.
More and better resources. Fang Mingyuan is very good to his own women, and even better to those who are capable. People like Aso Xiangyue, Lin Lian, Lin Rong, and Uda Mitsuri are all in charge of their own affairs, and I am afraid they don’t have the funds in their hands.
There will be less than one Hanjin Group company! Even Li Xintong is now the spokesperson of Fang Mingyuan in the Korean industry. Even in front of these domestic chaebol leaders, in addition to still treating them as juniors, except for Li Jianxi
Besides, who dares to treat her as a true junior?
And because Li Jianxi has the support of the Fang family, his influence in South Korea is also further expanding. The Zheng brothers, who used to compete with him, were forced to withdraw from the equity dispute of Hyundai Group Company.
It no longer has the arrogance of the past.
Cui Meiyan felt that her daughter was no worse than Li Xintong, so why was she not as lucky as Li Xintong? If she could become Fang Mingyuan's mother-in-law, what would Zhao Xunhao mean to her? How could she be so arrogant in front of her!
"Madam, President Zhao is here!" Park Jinhae said helplessly. Although he had not yet sent her to the conference room where the directors were meeting, Zhao Xunhao was about to arrive at the headquarters building. As the president, he personally came to greet Cui Miyan.
, there is no reason not to welcome Zhao Xunhao. This is something that absolutely cannot happen in the highly hierarchical Korean workplace.
"Go, go!" Cui Meiyan couldn't help but feel bad, waving her hands and saying.
Not long after Cui Miyan sat down in the conference room, a gloomy-looking Zhao Xunhao, accompanied by Park Jinhae, appeared at the door of the conference room. Cui Miyan reluctantly stood up with the directors and welcomed the arrival of the president.
Soon, except for the two directors who were overseas and could not make it back in time, all the directors were gathered together. Zhao Xunhao signaled the meeting to begin. First, Park Jinhae presented the performance of Hanjin Shipping Company in the first half of the year and the company's current debt status to the directors present.
They report.
"Everyone, I don't think everyone is shocked by President Park's report just now, because we are already numb to this situation!" Zhao Xunhao said with a gloomy face, "But we are not shocked because we have been prepared in our hearts, not because we are prepared for it.
This situation is satisfactory! The first half of the year has not yet ended, and the company has already lost nearly 250 million US dollars. What if it is the whole year? Will it reach more than 400 million US dollars? And we can bear such losses.
for how long?"
All the directors present were silent. Park Zhenhai sat aside with his head bowed, but he was complaining in his heart. Can this be all his fault? Before 2008, the financial situation of Hanjin Shipping Company was still very good.
It was the golden age of the shipping industry at that time, with many shipping companies rapidly expanding to seize the market. However, after the outbreak of the financial crisis, global economic growth slowed down, resulting in serious overcapacity in the shipping industry. However, Hanjin Shipping Company was still blindly optimistic about expanding its fleet.
More than 140 ships were leased to seize routes. The radical business strategy finally bore the bitter fruit!
Zhao Xunhao looked around the crowd, fell on Cui Miyan and said slowly: "I know that President Park is also feeling aggrieved. The global economy is in recession, and the shipping industry is no exception. We are just a shipping company and we do not produce goods ourselves. Moreover,
, our freight rates are declining and the cargo is decreasing, but the rental fee for our chartered ships cannot be less. For example, in the ten-year contract we signed with seaspan company, the average daily price of each ship
The price is US$43,000, and now the charter price of the same type of ship has dropped to less than US$30,000 per day. For this alone, our peers pay less per year than we do on one ship.
We paid nearly four million US dollars! We have leased more than 140 large and small ships, and more than one-seventh or more of the company's annual turnover is used to pay leasing fees! How can we not lose money?
"
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