TS Lines sails back into the transpacific trade, boosting SeaLead relaunch
Taiwanese regional carrier TS Lines will join SeaLead Shipping’s relaunched Asia-US West Coast (AWC) service, ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
CITY A.M. reports:
Deutsche Bank is set to make up to $1bn on a long-shot bet on Israeli shipping firm Zim after its value surged following record-high global freight rates, according to a Bloomberg report.
The bank’s distressed debt trader Mark Spehn had wagered less than $100m over the past five years on building a position in the firm through bond and bank loans as shipping rates fell.
Zim recovered to float on the stock market in January this year and has almost tripled in value since.
The company has yielded hefty gains for its backers and made it one of the most successful recent initial public offerings…
Deutsche Bank is the firm’s second largest shareholder with a 13.68 per cent stake, worth $923m.
Zim said earlier this month that Deutsche Bank had been among those to sell shares in the company in a secondary offering worth $279m….
To read the full story, please click here.
Comment on this article