Logistics losers and winners – trucking and shipping – but the tide may turn
Road freight stakeholders are currently “the losers” in logistics – in stark contrast to their ...
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 ...
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