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Wilbur Ross, going to China w/*****, co-owns fleet of Chinese-flagged ships w/Chinese government
From March. Doesn't matter how old it is; no one cares anyway.
Retweeted by David Fahrenthold: https://twitter.com/fahrenthold
Commerce Sec Ross traveling to China w/ Trump. Ross and the Chinese gov. co-own fleet of Chinese-flagged ships.
Link to tweet
Wilbur Ross will shepherd Trump’s trade policy. Should he also own a shipping firm?
Commerce chief invests in fleet that flies Chinese flag, visits Iran and Russia
By Carrie LevineemailChris Zubak-Skeesemail 2:01 pm, March 23, 2017 Updated: 6:09 pm, March 28, 2017
When private equity billionaire Wilbur Ross Jr. signed on to be President Donald Trump’s commerce secretary, he agreed to divest millions of dollars in assets.
But one asset Ross plans to keep is his stake in Diamond S Shipping Group Inc., one of the world’s largest owners and operators of medium-range tanker vessels, which crisscross the globe as crucial cogs in the transoceanic shipping trade. In a new administration full of successful businessmen dealing with a complex web of conflict-of-interest concerns, Ross’ part ownership of Diamond S Shipping stands out.
A Center for Public Integrity examination of Diamond S Shipping’s operations found its vessels sail under Chinese flags, even as Ross is being tapped to take an unusually muscular role shaping U.S. trade policy under President Trump’s "America First" mantra. The company has ties to a major Chinese investment fund, and one of its ships has traveled to an Iranian port.
Diamond S Shipping has also said it has — and may continue in the future to — “call on ports located in countries subject to sanctions and embargoes imposed by the U.S. government and countries identified … as state sponsors of terrorism, such as Cuba, Iran, Sudan and Syria,” according to its 2014 filing with the Securities and Exchange Commission. ... And one of Diamond S Shipping’s main customers recently acquired a stake in a Russian national oil company.
Commerce chief invests in fleet that flies Chinese flag, visits Iran and Russia
By Carrie LevineemailChris Zubak-Skeesemail 2:01 pm, March 23, 2017 Updated: 6:09 pm, March 28, 2017
When private equity billionaire Wilbur Ross Jr. signed on to be President Donald Trump’s commerce secretary, he agreed to divest millions of dollars in assets.
But one asset Ross plans to keep is his stake in Diamond S Shipping Group Inc., one of the world’s largest owners and operators of medium-range tanker vessels, which crisscross the globe as crucial cogs in the transoceanic shipping trade. In a new administration full of successful businessmen dealing with a complex web of conflict-of-interest concerns, Ross’ part ownership of Diamond S Shipping stands out.
A Center for Public Integrity examination of Diamond S Shipping’s operations found its vessels sail under Chinese flags, even as Ross is being tapped to take an unusually muscular role shaping U.S. trade policy under President Trump’s "America First" mantra. The company has ties to a major Chinese investment fund, and one of its ships has traveled to an Iranian port.
Diamond S Shipping has also said it has — and may continue in the future to — “call on ports located in countries subject to sanctions and embargoes imposed by the U.S. government and countries identified … as state sponsors of terrorism, such as Cuba, Iran, Sudan and Syria,” according to its 2014 filing with the Securities and Exchange Commission. ... And one of Diamond S Shipping’s main customers recently acquired a stake in a Russian national oil company.
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