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MASSPORT SEIZES VESSEL
Journal of Commerce Special |
The Massachusetts Port Authority seized a containership, the BCR King, for past due bills. But Anne
Maritime
MARINE CASUALTIES
JOC Staff |
An explosion on board the Panamanian supertanker Magnum March 22 left seven persons dead and several
Maritime
APL RESPONDS TO OBJECTIONS
Robert F. Morison |
American President Lines Ltd. questioned the right of several other carriers to participate in the c
Maritime
P&O REPORTS RISE IN PROFITS
Bruce Barnard |
Peninsular and Oriental Steam Navigation Co., the shipping and property group, increased pretax prof
Maritime
UNDERGROUND ECONOMY FLOURISHES IN INDIA
(Ap) |
A young Indian, recently returned from college in the United States, planned to open a Western-style
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Mooremack Completes Sale of Ship UnitsSTAMFORD, Conn. - Moore McCormack Resources Inc. has c
Maritime
CORRECTION
JOC Staff |
Barwil Agencies of Houston is U.S. Gulf and West Coast sales agent for Armada/ GLTL East Africa Serv
Maritime
A PASSIVE CABIN CRUISER
JOC Staff |
The first of two new Hong Kong Islands Line ships, the Admiralty Island, delivered an 83-foot cabin
Maritime
FMC DEFERS ITS DECISION ON HIGH CUBES
Robert F. Morison |
The Federal Maritime Commission isn't ready to crack down on Japan for its restrictions on the use o
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
Surgeon General Warns Of High Cost of AIDSSurgeon General C. Everett Koop, M.D. warned that
PATROL SEIZES JAPANESE BOAT OFF ARGENTINA
Jeremy Morgan |
The Argentine Coast Guard arrested a Japanese trawler for illegally fishing inside South Atlantic wa
Maritime
CONGRESS HEARS DEBATE ON PENSION PROPOSALS
Leah R. Young |
The leaders of both House and Senate labor committees are flirting with the idea of allocating some
BANKERS' GROUP EXPANDS COVERAGE
Journal of Commerce Staff |
The Independent Bankers Association of America has expanded its liability insurance coverage for the
INSURANCE EARNINGS FRANK B. HALL SEES NET PROFIT
JOC Staff |
Frank B. Hall & Co. said it expects to post a net profit in the first quarter this year after postin
FAMILY INSURANCE: AGENTS VS. FIRMS
C.A. Carpenter |
A new problem in the insurance market for families is once again raising comparisons with the crisis
STOCKS SET SIXTH RECORD IN ROW
Gordon Platt |
Stocks overcame repeated bouts of profit taking Tuesday to close at a record high for the sixth stra
FINANCIAL BRIEFS
From Wire and Staff Reports |
Brazil's Ambassador Met With US BankersTop executives of BankAmerica Corp. and Wells Fargo &
HONG KONG FINANCIAL FIRM DOUBLED PROFITS IN 1986
Journal of Commerce Special |
The financial services arm of Jardine Matheson doubled profits last year to a record HK$209.5 millio
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
NO CRISIS AT HOUSTON INDUSTRIES WITH IDENTITY ESTABLISHED, HOLDING COMPANY SEEKS MORE UNITS
Gary Taylor |
If Houston Industries Inc. were a human being instead of a corporation, it might be a good candidate
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
COST OF CREDIT
JOC Staff |
Tuesday, March 24, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
US-USSR GRAIN SALES EYED
Knight-Ridder Financial |
Daniel Amstutz, Agriculture Department undersecretary, admitted a ''willingness to explore" question
OILSEED CRUSHINGS SEEN SET TO RISE IN WESTERN EUROPE
Knight-Ridder Financial |
Attractive soymeal prices, a pickup in soymeal exports to the U.S.S.R. and higher EC crushing subsid
FOREIGN FUTURES RULES QUESTIONED
Knight-Ridder Financial |
A member of a House Appropriations Subcommittee questioned the ability of proposed Commodity Futures
US WARNS EC ON PLAN TO TAX VEGETABLE OILS
JOC Staff |
A senior U.S. Agriculture Department official Tuesday warned the European Community not to tax veget
COMMODITY BRIEFS
From Wire and Staff Reports |
MCE to Start Trading In CBT BuildingMidAmerica Commodity Exchange will begin trading in the
COURT LIFTS INJUNCTION ON ALASKA EXPLORATION
(Ap) |
The Supreme Court ordered a resumption of Alaska offshore oil exploration that was halted temporaril
ECUADOR, COLOMBIA TO LINK PIPELINES
Knight-Ridder Financial |
Ecuador reached agreement with Colombia to connect the two countries' main crude oil pipelines. Ecua
OPEC OIL PRODUCTION DOWN TO RECORD LOW, MINISTER SAYS
(Ap) |
Output from the Organization of Petroleum Exporting Countries has fallen to a record low of 13.36 mi
SPOT PRODUCT PRICES
JOC Staff |
March 24, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
CHINESE REPORT HIKE IN FATS, OILS IMPORTS
Knight-Ridder Financial |
Chinese imports of oils and fats rose by 200,000 metric tons to 357,000 between October 1986 and Feb
CORRECTION
JOC Staff |
Gov. Michael Dukakis' position on an oil import fee was incorrectly stated in the March 17 editions.
CELERON PIPELINE SET FOR START-UP
Journal of Commerce Staff |
Celeron Corp.'s All American Pipeline will begin operating its 1,225-mile oil transport line March 3
ARGENTINA CHANGES CONTRACT TERMS
Jeremy Morgan |
Argentine Energy Secretary Jorge Lapena announced changes to contract terms aimed at boosting privat
PLASTICS CORNER
Journal of Commerce Staff |
Carstab to Hike Price Of PVC StabilizersCarstab Products, Morton Thiokol Inc., will increase
ENERGY BRIEFS
From Wire and Staff Reports |
US to Slow Fill Rate Of Petroleum ReserveThe Reagan administration plans to slow the filling
VENEZUELANS, ITALIANS FORM JOINT PETROCHEMICAL VENTURE
(Ap) |
The state petrochemicals firm Pequiven, an affiliate of Petroleos de Venezuela, and Ecofuel, a subsi
STEPAN CO. BUILDS MICROBIOLOGY LAB
Journal of Commerce Staff |
Stepan Co. started construction of a microbiology laboratory to support and advance the technology f
SEMINOLE BUYS MORE STEAM COAL FROM KENTUCKY
Tim Sansbury |
Seminole Electric Cooperative Inc., Tampa, apparently likes the deal it's getting from Pyro Mining C
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