Shipping investor Wilbur Ross’ business relationship with the Navig8 group does not rise to the status of a joint venture, a spokesman for Donald Trump’s choice of US commerce secretary tells TradeWinds.

However, that clarification still leaves plenty of questions about what is going on with “WLR Navig8 Co-Investment LLP”, an entity that surfaced in Ross’ financial disclosure form during last month’s hearing before a Senate screening committee.

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