A Returner’s Successful Investment Method - Chapter 600



Only Krnovel

Episode 600. Hwaan Group (9)

The incident occurred at 7:20 a.m. local time in Egypt.

It was 2:20 PM in Korean time.

The container ship Neverland departed from the Port of Tanjung Pelepas, Malaysia, and was on its way to the Port of Rotterdam, Netherlands.

As the ship was heading from Asia to Europe, it naturally passed through the Suez Canal.

However, at 6 kilometers, shortly after entering the Suez Canal from the Red Sea, the bow veered to the right.

The entire stern turned to the right, blocking the waterway diagonally and causing the ship to run aground.

[Neverland runs aground in Suez Canal!]

[Suez Canal traffic completely suspended!]

[Complete blockade of the Suez Canal! This is the first time since the canal opened!]

[Egyptian authorities emergency! We will put all our efforts into resuming Suez Canal traffic!]

Everyone was shocked by the absurd accident in which one ship blocked the entire canal.

-What the fuck is this?

-The Suez Canal blockage!

-Wow! Does this make sense?

-No, why are you suddenly stranded?

-They say it’s because of the sand storm.

-Isn’t this the biggest roadblock in history?

-Can’t we just take that out? I think it will come out if I pull it a little to the left.

-The weight of the ship alone is 220,000 tons haha.

-How many containers are on board?

-I never thought I would see something like this in my life.

-It’s novel, it’s novel.

-I think even if I used this in a fantasy novel, I would be criticized for being improbable.

-The real reality is better than imagination.

* * *

70 percent of the Earth’s surface is covered with water.

Therefore, trade between countries is mainly carried out by ship.

The sea is wide, but the routes along which ships travel are set. There are two passages on this route that almost all ships must pass through.

These are the Panama Canal and the Suez Canal.

The Suez Canal, opened in 1869, connected Asia, the Mediterranean Sea, and the Red Sea, and separated the Eurasian continent from the African continent.

Thanks to the Suez Canal, ships that previously had to circle the African coast were able to save a lot of time and money.

As it is a passageway through which ships going from Asia to Europe and from Europe to Asia almost always pass, over 100 ships passed through here in just one day.

The width of the southern waterway of the Suez Canal is only 210 meters.

When a 400-meter-long ship blocked this area, a situation arose where not a single raft could pass.

The problem is that, unlike the upper section, where the second canal opened in 2015, the lower section is a single waterway.

When this area became blocked, the entire Suez Canal became blocked.

Ships trying to enter the canal from both directions were stopped in the Red Sea and the Mediterranean Sea, and ships that had already entered the canal were stranded.

Senior Dongho said he was astounded while watching the news.

“Is this true?”

It’s a cliché, but I don’t think there’s a more appropriate expression.

Everyone watched the news streaming in real time with surprised expressions.

Senior Dongho tapped my arm and asked.

“what’s the matter?”

“Oh, no. “Because it was so shocking.”

Everyone was surprised, but I was surprised in a different way.

This is because what happened in the first episode also happened this time.

When I think about the impact I have had on the world economy so far, not a single thing has changed between the first time and now.

But I never thought that something I thought was a coincidence would actually happen… … .

“All import and export companies will be in emergency mode.”

“I guess so.”

If the Suez Canal is blocked, we have to go around the African continent along the coastline.

In this case, the distance is 5,000 kilometers and it takes 10 more days.

Therefore, all companies trading with Europe will be closely watching the situation. Since there is no solution right now, you may be stamping your feet not knowing what to do.

As it was an event that affected the entire world, major media outlets around the world, including CNN, BBC, NHK, and Al Jazeera, continued reporting by organizing emergency news.

As it was such a big deal, the memories of the first time came back to me clearly.

As I was looking through the articles one by one, my cell phone rang.

I got a call.

“hello.”

Trish skipped the greeting and asked right away.

[Are you reading the article?]

“yes.”

[What on earth is going on? Wall Street is in chaos right now.]

Although traffic in the Suez Canal had been suspended during the Middle East war, this was the first time the canal had been blocked due to a ship running aground, and it was the largest blockage in history.

As this is an unprecedented incident in history, investment companies will be paying close attention to what kind of ramifications this incident will have.

Trish said in disbelief.

[How in the world does this happen? I don’t think something like this will appear in the movie.]

“Iknow, right.”

Who would have imagined that a 400-meter long ship would run aground in the middle of the Suez Canal and block it?

It is a sight that cannot be believed to be reality.

[Who will be responsible for this?]

“well.”

In the case of maritime accidents, responsibility is unclear.

If the ship sank at sea, compensation must be made for the ship and the goods on board.

But who should compensate for the losses incurred by blocking the canal, and how much?

There is no way to know how much damage will be incurred right now.

In addition, the Neverland was shipped in Panama, the owner was Japan’s Showa Kisen, the operator was Taiwan’s Neverblue Shipping, the builder was Japan’s Marukawa Shipbuilding, and the insurer was British P&L.

As a result, a battle is already taking place over who is responsible.

[According to the captain and the operator, the cause is strong winds. Is this true?]

“Although strong winds are the cause, the real cause lies elsewhere.”

[What is it?]

“I’m not sure.”

[It’s okay, so tell me quickly.]

Currently, various articles are pouring in speculating on the cause.

As I had seen the survey results from the first round, I knew what was correct.

“It is most likely due to engine failure.”

[So you’re saying it’s a ship problem?]

“yes.”

I explained in detail why this problem occurred.

[iced coffee… … . So how do you think this will turn out?]

“It will get back to normal in about a week.”

[really?]

“yes. It’s just stranded, but the ship is fine. “If we use a dredger to dig out some of the sand from her and lift her to a salvage ship, she will be out within a few days.”

There is chaos everywhere, but it is the Egyptian authorities that are most upset.

Suez Canal tolls are one of Egypt’s three major sources of foreign currency income, along with tourism revenue and remittances from expatriate workers.

In addition, as it is effectively operated as a state-owned enterprise, it accounts for a significant portion of the Egyptian government’s finances.

As such, all efforts have been put into salvage work.

[Still, I think a week would be a bit too much. Are you sure?]

I said it as if I were confident.

“of course. “Have I ever been wrong?”

[I guess so.]

I was about to hang up the phone, but Trish spoke urgently.

[uh! Wait. There is breaking news now.]

“What breaking news?”

[Oil is leaking due to damage to the hull. Salvage work has also been halted.]

“… … huh?”

No, why is this happening?

* * *

[(Breaking News) Neverland hull damaged! Oil spill!]

[The worst oil spill in the Suez Canal!]

[I don’t know how long it will take to salvage… … .]

[Egyptian authorities declare a state of emergency! Military units are deployed to control the situation!]

The future is not fixed, but something you create through your current actions.

I have changed a lot since the moment I returned.

As a result, a lot has changed since the first time.

Something happened, but something didn’t happen.

Something else happened even more seriously than in the first episode.

That’s exactly what happened this time.

The Neverland was stranded in the Suez Canal, which also happened in the first episode.

But this time, the situation became more serious as the ship tilted and oil leaked.

The sight of black oil spreading through the canal was shocking in itself.

Fortunately, the hull did not tilt, but if the ship sank, then the situation would get out of control.

The Suez Canal authorities halted salvage work and deployed all workers to repair the ship’s hull.

With the prospect that it would be difficult to resume traffic for some time, ships waiting in the Mediterranean and Red Sea all turned toward the Cape of Good Hope.

Senior Dongho looked at that and shook his head.

“What should I do with that oil stain? “I think it will take at least a month to fix that.”

“Iknow, right.”

Then he looked at me and asked.

“Now that I think about it, didn’t you say earlier that it would be done in a week?”

“… … .”

Nowadays, you can’t just predict the future.

* * *

Hwaan Ocean began negotiating orders with Aramco.

Heo Min-woong personally took care of the negotiation process.

With the news that they would receive orders for four LNG carriers, the stock prices of Hwaan Energy and Hwaan Ocean both stopped falling and rose slightly.

In this situation, an absurd incident occurred called the Suez Canal blockage.

Now it’s as if the world is connected as one. Therefore, when major sea routes were blocked, all businesses were affected.

However, among these, shipping companies and shipbuilding companies were closely watching the situation as they were directly affected.

Heo Min-woong was surprised and called Han Mi-ru.

“How on earth did this happen?”

[Anyway, isn’t it a good thing?]

“It went well?”

[This is a huge boon to the Korean shipbuilding industry.]

“Good news?”

[If you have read the article, you will know that this incident is most likely a shipping problem.]

Articles analyzing the cause have already been pouring in.

Among them, the biggest cause was engine defects.

“Is that real?”

[yes. Now everyone has realized that quality is more important than price of a ship.]

The world’s top shipbuilders are all occupied by Korea, China, and Japan.

China is cheap, but its technology is poor.

Only Korea and Japan compete in terms of quality and technology.

And the Neverland was built by Marukawa Shipbuilding in Japan.

[However, due to this incident, the quality and trust of ships made by Japanese shipbuilders plummeted. Moreover, now that oil has leaked, ship inspections and safety regulations will be strengthened in the future, and environmental regulations will also be strengthened further. So where will all those orders go?]

Heo Min-woong felt like he had been hit hard on the head.

“Did you really know that something like this would happen when you asked me to take over?”

[How do I know that?]

Heo Min-woong raised his voice without realizing it.

“No, then how can something like this happen as soon as we take over? “This doesn’t make sense!”

[uh! Are you questioning me now?]

Then Heo Min-woong immediately lowered his voice.

“no. Who cares? Do not misunderstand.”

[Anyway, I’m also at a loss right now. I’m busy, so I’ll stop now.]

“Aren’t you angry by any chance?”

The phone hung up before I finished speaking.

Heo Min-woong thought as he put down his cell phone.

‘You really didn’t know?’

Predicting the future is an investor’s job.

But this has already gone beyond the scope of prediction.

According to common sense, it is normal not to know.

But for some reason, I felt like I always knew.

Heo Min-woong spoke as if muttering.

“Could it be that I see the future as a hologram before my eyes?”