Im confused what do i do
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It's open-ended, you can kind of do as you like. I suggest you load up on tools in Hamburg and sell them in Gdansk, then deliver grain from Gdansk to Hamburg. After that, you're free to sail around, explore the world, find new trade opportunities, complete contracts, buy new ships, or pursue the major story objectives revealed over time. Objectives are in the upper left corner, you can also view them by pressing O. Hope this helps!