What news does Tubal bring from Genoa?

Tubal has been in Genoa, where he tried to locate Jessica. He tells Shylock that Jessica had been in the city, and had spent over eighty ducats while there. She had also traded a turquoise ring for a monkey, a ring which Shylock regrets losing because he had received it from his wife Leah. However, Tubal also brings Shylock news that Antonio has lost yet a third ship, and is almost certain to go bankrupt in the near future. Shylock is excited by this news, since he has decided that he would rather exact revenge on Antonio than receive his three thousand ducats back.