For the second time in his two terms as president, Donald Trump has tapped a top name in shipping investment to head the US Commerce Department.

Cantor Fitzgerald chief executive Howard Lutnick was Trump’s choice on Tuesday, eight years after the Republican tapped shipping investor Wilbur Ross to the same post.

Trump will now build his team. Some names familiar to shipping are in the running
 Read more

Lutnick is effectively the owner of prominent shipping brokerages — Poten & Partners and Oil Brokerage— as chief executive of the BGC Group.