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NORTH SEA OIL SURGES ABOVE $18
Journal of Commerce Staff |
Prices for North Sea crude oil surged above $18 a barrel Wednesday, propelled by tumbling production
ENERGY BRIEFS
From Wire and Staff Reports |
Hughes Board OKs Baker Merger TermsHughes Tool Co.'s board decided to approve the terms of a
SUPPLIES OF GASOLINE, DISTILLATE OIL DECLINE
Journal of Commerce Staff |
Supplies of distillate oil and gasoline declined, according to the American Petroleum Institute's la
ANTI-APARTHEID GROUP AIMS AT FRANCE'S TOTAL
Howard Schissel |
The drive for French disinvestment from South Africa will move into high gear on March 21 with meeti
SYRIA TO INAUGURATE 2 POWER PROJECTS
(Ap) |
Two major power generating projects financed by Japan will be inaugurated next weekend, the official
TRITON COMPLETES SASKATCHEWAN WELL
Journal of Commerce Staff |
Triton Energy Corp. said its Canadian unit completed an oil well in Saskatchewan. The well i
SPANISH COAL MINERS PROTEST CONDITIONS
(Ap) |
At least 5,000 coal miners near this northern Asturian town stayed off the job in a one-day strike
SHOREHAM HEARINGS BEGIN
(Ap) |
The Long Island Lighting Co. disagrees with assertions that it cannot protect people in the event of
NYPA CHAIRMAN URGES INDUSTRY RESTRUCTURING
Journal of Commerce Special |
The chairman of the New York Power Authority called for a restructuring of the nation's electric ind
PLASTICS CORNER HIMONT PLANS TO HIKE POLYPROPYLENE PRICES
Journal of Commerce Staff |
Himont U.S.A. Inc. announced an increase in its Pro-fax polypropylene resin prices, and plans for in
FDA APPROVES MERIDIAN TEST
Journal of Commerce Staff |
Meridian Diagnostics Inc. announced that it received Federal Food and Drug Administration approval t
CHEMICAL MARKETS
Journal of Commerce Staff |
Celanese Announces Glycol Price IncreaseCelanese Chemical Co. announced an increase in the s
SEAWAY SET TO LURE CARGOES
Bruce Barnard |
The St. Lawrence Seaway is likely to capture cargoes from U.S. East Coast and Gulf ports in 1987 bec
Maritime
GRACE POSTS $559 MILLION LOSS, PLANS TO ABANDON FERTILIZERS
Journal of Commerce Staff |
W.R. Grace & Co. announced a 1986 fourth quarter loss of $559.9 million andplans to divest i
BAYER USA REPORTS OVERALL NET LOSS
Journal of Commerce Staff |
Bayer USA Inc. announced a loss in overall 1986 net income although subsidiaries Mobay Corp. and Mil
VIRGINIA POWER CONTRACT GOES TO JAPAN'S JGC
(Ap) |
JGC Corp., a Japanese plant engineering company, has won a contract from Virginia Power in the Unite
PANAMA CITY LOOKS TO BOX TRADE FLA. PORT HOPES TRAFFIC CAN HELP RESTORE SOME LOST CARGO
Marie Prat |
Georgia peanuts, like those made famous by former President Jimmy Carter, are one reason officials a
Maritime
BILL COULD END HIGHWAY STONINGS
Maureen Robb |
For 10 years, California truckers and lawmakers have argued over how to keep loose rocks in truck be
NORWEGIAN SEES US CRUISE WAR
Bob Wesenberg |
Cruise ship capacity has outstripped customer demand on the lucrative U.S. market over the past seve
Maritime
OCEANGOING FOREST CARGO LIKELY TO RISE
Janet Porter |
Seaborne trade in forest products is one of the few sectors of the dry bulk shipping market that see
Maritime
ANTI-LOCKS SET FOR US TRUCKS
Michael S. Lelyveld |
U.S. manufacturers are about to jump back on the bandwagon as the pace of anti-lock brake developme
DUNKIRK MOVES TO REDUCE COSTS
Howard Schissel |
In a move to diminish costs and increase competitiveness against the ports of Antwerp and Rotterdam,
Maritime
PANEL TO PONDER HONG KONG TAX
Alan F. Schoedel |
The form of taxation to be levied on shipping in the new Hong Kong register, when it comes into bein
Maritime
APPROVAL EXPECTED OF BAHIA BLANCA UNIT
Knight-Ridder Financial |
Argentine President Raul Alfonsin is expected to approve a proposal by a large private farm cooperat
Maritime
MARAD WAIVER UPHELD FOR ALASKAN TANKER
Robert F. Morison |
The U.S. District Court here endorsed the way in which the Maritime Administra tion approved the tem
Maritime
DYSENTERY HITS SAILORS AT ACADEMY
(Ap) |
A wave of dysentery struck some 500 sailors at a merchant marine academy near this southern Italian
Maritime
MITSUBISHI SIGNS DEAL TO RECOVER USL CONTAINERS
Gregory S. Johnson |
Transamerica ICS Inc. has signed an agreement with Mitsubishi Corp. to recover about 26,000 containe
Maritime
SENATORS WARN FMC ON SERVICE CONTRACTS
Robert F. Morison |
The Federal Maritime Commission received some high-level, last-minute advice on how to deal with a r
Maritime
FERRIES CHECKING SAFETY FACTORS
(Ap) |
Ferry operators began implementing safety procedures the government ordered after a British car ferr
Maritime
SEAWAY TO OPEN ON MARCH 31
Journal of Commerce Staff |
The 29th shipping season on the St. Lawrence River will start at the end of March. James L.
Maritime
WORLD TODAY
From Wire and Staff Reports |
Arms Talks Continue GENEVA - U.S. and Soviet negotiators on medium-range nuclear missiles he
TRAFFIC BRIEFS
From Wire and Staff Reports |
Pullout From ATA Traced to a DisputeA dispute over trucking industry deregulation is the mai
FRENCH UNIT TO TRANSFER BOX TRAFFIC TO MAERSK
Howard Schissel |
Chargeurs Reunis, a wholly owned affiliate of the French Chargeurs SA group, is to transfer its con
CREDIT CARD CLASH RAGING IN AUSTRALIA
Vincent W. Stove |
American Express and Visa International are stepping up their head-on competition for supremacy in t
RAILROAD FREIGHT TRAFFIC REBOUNDED IN FEBRUARY
Lawrence Kaufman |
Railroad freight traffic turned up on February after starting the year very slowly in January.
MARITIME BRIEFS
From Wire and Staff Reports |
Taiwanese Squid Boat Sinks After CollisionDUNEDIN, New Zealand - A Taiwanese squid boat sank
CRANES ARRIVE AT NORFOLK
Tim Neale |
The port of Norfolk has the two fastest cranes in the East, capable of drawing 50 containers an hour
Maritime
TRANSPORT EARNINGS
JOC Staff |
Motor Carrier Reports LossU.S. Truck Lines Inc. reported a fourth quarter loss of $1 million
FAA SAYS AIRLINES CAN HELP WITH DELAYS
Tim Neale |
Donald Engen, administrator of the Federal Aviation Administration, sees prog ress in the agency's e
CHINA WELCOMES LAWSUIT DISMISSAL
(Ap) |
China's foreign ministry said Wednesday it welcomed a ruling by the U.S. Su preme court ending a US$
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