A ship owned by JP Morgan...

Discussion in 'The Pub' started by Zatyricon, Jul 15, 2019.

  1. Zatyricon

    Zatyricon Gold Supporting Member

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    I’m just amazed at the size of shipment. Twenty tons is nothing to sneeze at.
     
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  2. fetishfrog

    fetishfrog Member

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    That's just a JP Morgan happy hour.
     
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  3. Muzzy

    Muzzy Supporting Member

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    Apparently the banking business isn't profitable enough for those crooks anymore. Contractor, my a$$.
     
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  4. dkals

    dkals Member

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    The ship is owned by JP Morgan Chase. MSC leases the ship from Chase. Chase has no idea what's in the containers and MSC most likely doesn't know either. If the ship is seized by the Gov is it forfeited? If so who is out the value? Chase or an insurance company? Is the ship returned at some point because this is not some guys yacht who went to central America and came back to Miami?
     
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  5. buddaman71

    buddaman71 Student of Life Silver Supporting Member

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    I’m guessing this will spike ODs, as dealers will be crushing in Percocet or other stronger pulls to feed demand.

    Still sinking in how much that is. I mean, 20 tons of anything is a massive amount, but that’s a lot of f’n pow!!!!
     
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  6. Doug's Tubes

    Doug's Tubes Member

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  7. Thumpalumpacus

    Thumpalumpacus Member

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    This thread, too, is full of good lines.
     
  8. bsacamano

    bsacamano Member

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    Airlines typically lease their planes.
     
  9. Zatyricon

    Zatyricon Gold Supporting Member

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    Chalk it up to experience
     
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  10. Mike R.

    Mike R. Member

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    Someone is going to receive a strict correction.
     
  11. AaeCee

    AaeCee Member

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    Indeed. The writer's agenda is sensationalist and transparent ... it's more like typical tabloid tripe.

    Aside from being the owner of the ship (lessor), just as JPM owns many ships, planes, etc., they have nothing to do with the operations, which are the sole responsibility of the lessee. Yet this "journalist" starts most sentences with JP Morgan and mentions them several times in each paragraph, as though they're somehow culpable.

    Shameful writing.
     
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  12. Zatyricon

    Zatyricon Gold Supporting Member

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    It’s what’s on the boat that’s important regardless of articles stance
     
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  13. AaeCee

    AaeCee Member

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    No, don't get me wrong, that part's incredible! I wish it went into even more detail about the nature of the cargo, shipper, etc., but not this writer.

    It's just that as a former journalist, such slanted, unprofessional pieces like this really bug me. My 'hard news' college professors would be appalled.
     
    Last edited: Jul 16, 2019
  14. Zatyricon

    Zatyricon Gold Supporting Member

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    I would have linked other stories - however (at least for me) paywall
     
  15. Thumpalumpacus

    Thumpalumpacus Member

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    I think that's the key.
     
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  16. Bluesful

    Bluesful Supporting Member

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    How do you sneak 20 tons onto a ship?
     
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  17. twinrider1

    twinrider1 Member

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  18. Dr.Twang!

    Dr.Twang! Supporting Member

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    Yes airliners are leased to the carriers; ILFC and Guinness Peat (yes, that Guinness) Aviation are two of the biggest.
    That is why you never see the elaborate cocktail lounges, piano bars, showers, fitness centers, etc. on planes, even though they always show that “artists’ concept” stuff when a new model is about to come on line.
    The lender and lessors say “NFW!” It doesn’t add bottom line and is hard to resell a plane with too many custom options if the carrier defaults.
     
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  19. GCDEF

    GCDEF Supporting Member

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    I was referring to grammar and sentence structure.

    "Now the United States Customs and Border Protection agency has gone through with paperwork that has the JP Morgan ship seized by it. " That's almost incomprehensible.
     
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  20. A-Bone

    A-Bone Montonero, MOY, Multitudes Gold Supporting Member

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    Ouch!
     
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