Suez Canal blockage: Captain of Ever Given not aiding probe; calamity’s cost tops $1B
John Bacon, 01 April 2021
The cost of blocking shipping for almost a week through one of the most crucial waterways on earth apparently comes in at right around $1 billion.
And that’s just the bill Egypt could soon be trying to collect. It does not include damages for the owners of more than 400 boats delayed by the calamity on the Suez Canal, nor compensation that could be sought by companies whose materials or products were on those boats. Continue reading “Article: Suez Canal blockage: Captain of Ever Given not aiding probe; calamity’s cost tops $1B”
Louis Moore Bacon is the founder, Chairman and principal investment manager of Moore Capital Management, LP, founded in 1989 and headquartered in New York, with additional offices in London and Hong Kong. Prior to founding Moore Capital, Bacon was a Senior Vice President-Futures at Shearson Lehman Brothers Inc. He previously held positions at Walter N. Frank & Co., a NYSE specialist firm, and at Bankers Trust. Bacon earned an M.B.A. in Finance from Columbia Business School in New York and holds a Bachelor of Arts degree in American Literature from Middlebury College in Vermont. Mr. Bacon is also a member of the Board of Directors of the Foreign Policy Association. He also serves on the Leadership Council of the Center for Public Leadership at Harvard Kennedy School and is a member of the Corporate Fund Board of the Kennedy Center.
Ashley Bacon is the Chief Risk Officer of JPMorgan Chase & Co. and a member of the firm’s Operating Committee. He is responsible for the Risk Management and Compliance organization across the Corporate & Investment Bank, Consumer & Community Banking, Asset & Wealth Management, Commercial Banking and the firm’s corporate activities. Bacon joined the Risk organization in 2006. Before joining J.P. Morgan, he traded international government bonds for Daiwa Securities. Bacon holds a degree in Monetary Economics from the London School of Economics.