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Finance & Markets

For Three Buffetts, a $150 Billion Puzzle Over Warren’s Riches

Warren Buffett is worth an estimated $150 billion. He's also promised to divest himself of his vast wealth before he dies. Except it's hard when the pot keeps growing. So his three children are stepping in to spread it around. Alexandre Rajbhandari explains (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Drewry: Intra Asia Container Index Down 3% Last Week

Drewry’s Intra-Asia Container Index (IACI) eased 3% to $1,453 per 40ft container. Freight rates declined, particularly from Shanghai to Busan, Ho Chi Minh City and Jawaharlal Nehru Port, as congestion…

  • Drewry's Intra-Asia Container Index fell 3% to $1,453 per 40-foot container
  • Vessel waiting times at key ports shortened throughout Week 41

Japan to provide P&I, compensate cargo, hull cover for crude, oil products, LNG transport

Japan is set to provide protection and indemnity cover and partially compensate cargo and hull insurance payments for the transportation of crude oil, oil products and LNG, as part of a bill approved…

  • Japan approves three bills to enhance crude oil supply security.
  • METI revises specified tanker act to include petroleum products and LNG.
  • Government to compensate for unavailable reinsurance for foreign insurers.

More from Sunday 18 October →