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MARITIME BRIEFS
From Wire and Staff Reports |
Private Owner Buys Swedish Shipping LineShipowners Nordstrom & Thulin AB of Stockholm have t
Maritime
3 NATIONS LOSING US DUTY-FREE STATUS
Richard Lawrence |
The Reagan administration is expected, in an unprecedented move, to end special duty-free access for
AUSTRALIAN SUBSIDIES ON WHEAT EXPECTED
Knight-Ridder Financial |
The Australian government will probably subsidize wheat exports by about $10 to $15 per metric ton,
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FLA. DOCTORS PROTEST INSURANCE LAW
(Ap) |
Doctors protesting a new malpractice insurance law were scheduled to stop offering their services Ne
AMERICAN EXCESS REACHES $75 MILLION CAPACITY GOAL
Journal of Commerce Staff |
American Excess Insurance Association said its capacity is up almost 50 percent as a result of new s
OLYMPIA TRIES TO DIVERSIFY
Gloria Joseph |
Timber may always be the bread-and-butter commodity at the port of Olympia, but seed used to grow gr
Maritime
ON THE MOVE
Staff Report |
Sen. Bentsen Gets Marine Panel Post WASHINGTON - The merchant marine industry received a
SENATOR LINE TO POST DETAILS OF NEW SERVICE
Simon Cameron Moore |
Senator Line, the West German round-the-world container shipping service scheduled to start up in th
Maritime
APL, LYKES GET SHIPS IN SWAP
Robert F. Morison |
The Maritime Subsidy Board approved a complicated swap of foreign building rights and vessels involv
US STILL WAITING FOR SPENDING SPURT
(Ap) |
If the United States were experiencing a typical period of economic expansion, business spending for
SQUIBB CORP. SELLS CHARLES OF THE RITZ
Journal of Commerce Staff |
Squibb Corp. consummated the sale of the business of Charles of the Ritz Group Ltd., Squibb's fragra
W. GERMAN YARDS GLOOMY ABOUT '87 FURTHER CUTBACKS EXPECTED IN OUTPUT, EMPLOYMENT
Jess Lukomski |
West Germany's shipbuilding industry, shaken by a number of bankruptcies in 1986, is resigned to the
Maritime
DOUGLAS UNVEILS PROGRAM BOARD GIVES GREEN LIGHT TO LAUNCH MD-11
Bill Mongelluzzo |
With 50 firm orders for the MD-11 and options for 42 additional planes, Douglas Aircraft Co. is intr
EXXON CUTS LINKS TO SOUTH AFRICA COMPANY SELLS AFFILIATES TO INDEPENDENT TRUST
(Ap) |
Exxon Corp. announced it had sold its interest in its South African affiliates, joining the exodus o
JAPANESE ECONOMISTS ATTACK '87 BUDGET
A.E. Cullison |
Japan's new budget cannot work to assist the government in achieving its economic growth target of 3
Maritime
FINANCIAL BRIEFS
From Wire and Staff Reports |
Taiwan Will Boycott ADB Meeting in AprilTAIPEI, Taiwan - Taiwan will boycott the annual meet
COST OF CREDIT
JOC Staff |
Tuesday, December 30, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
INTEGRITY UNDER REHABILITATION
Journal of Commerce Staff |
Integrity Insurance Co. was placed under rehabilitation in a consent order signed Tuesday by the Sup
REAGAN TO ASK SPENDING CUTS IN ENERGY R&D
Tim Sansbury |
President Reagan once again will call for cuts in spending for basic energy research programs in the
FOREIGN HEADLINES
From Wire and Staff Reports |
Student Elected HEFEI, China - A student who declared himself a candidate has been elected t
Maritime
FDA APPROVES BRISTOL-MYERS HEART DRUG
Journal of Commerce Staff |
Bristol-Myers Co. announced that the Food and Drug Administration has approved the release of Enkaid
ASIAN MINISTERS TO DISCUSS PLAN TO CUT TIN PRODUCTION
Knight-Ridder Financial |
Mining industry ministers of Thailand, Malaysia and Indonesia will meet in Singapore Jan. 9 to seek
NFA VOTES TO REVOKE MEMBERSHIP OF BROKER
(Ap) |
The National Futures Association has voted to expel troubled First Commodity Corp. of Boston, a move
OSHA INSPECTIONS CRITICIZED
(Ap) |
Some state and local prosecutors have been going after businessmen who endanger their workers, citi
MARITIME BRIEFS
From Wire and Staff Reports |
Coast Guard Revising Load Line RegulationsThe Coast Guard has begun revising its regulations
Maritime
N. CALIFORNIA PORTS SEEK CARGO CLEARANCE SYSTEM
Journal of Commerce Staff |
An association of Northern California ports will pay $152,000 for a conceptual design for computers
Maritime
WESTINGHOUSE LOOKS TO THE CARIBBEAN
(Ap) |
Westinghouse, the electrical giant, is eyeing the Caribbean as a way to help it continue making some
Maritime
INTERNATIONAL CALENDAR
JOC Staff |
MINISTRY OF INDUSTRIES, GOVERNMENT OF BANGLADESH INVESTORS' FORUM. Main objective is to promote fore
Maritime
NORTHEAST POISED TO CHALLENGE LAW UTILITY AWAITS PUC RULING ON POWER PURCHASE MANDATE
Journal of Commerce Special |
Northeast Utilities is awaiting a Connecticut Public Utilities Commission ruling before deciding if
FLYING TIGER SETS WORKER PROGRAM
Journal of Commerce Staff |
Flying Tiger Line Inc. said a comprehensive employee partnership and cost reduction program for admi
THE PERFECT COMBINATION QUABOAG'S RAIL-LUMBER OPERATION UNIQUE
Tom Belden |
Being in exactly the right place at the right time - and knowing how to capitalize on the situation
SPOT PRODUCT PRICES
JOC Staff |
December 30, 1986 U.S. spot oil products price indications, sellers range, in cents per gall
SWEDES WANT NORWEGIANS TO JOIN IN BALTIC DRILLING
Journal of Commerce Special |
The Swedish company Oljeprospekting AB (OPAB) contacted Norsk Hydro about joining forces to drill fo
ARCO TO REDUCE CAPITAL SPENDING
(Ap) |
Atlantic Richfield Co. said it will cut its 1987 capital spending budget by 20 percent to $1.6 billi
HONDURAS WOOS SHIPOWNERS GOVERNMENT PINS ECONOMIC HOPES ON SHIP SECTOR
Mark Magnier |
Honduras has targeted the maritime industry to help it reduce unemployment and spur economic activit
Maritime
FUNDAMENTALS HAMPER STOCKS' RALLY ATTEMPT
RIPLEY WATSON Jr. |
Stocks struggled fitfully to mount a traditional year-end rally Tuesday in what was expected to be t
'TWAS STORMY SHIPPING YEAR
Journal of Commerce Staff |
For the shipping industry, 1986 may be looked upon as the year of consolidation, upheaval and bankru
Maritime
DOLLAR MIXED AS PRE-HOLIDAY TRADING SLOWS
Knight-Ridder Financial |
The U.S. dollar was narrowly mixed in light activity Wednesday as the market dwindled to minor, inte
US COMPANIES BUYING MORE SOVIET KNOW-HOW
(Ap) |
U.S. firms have been acquiring considerable amounts of technical know-howfrom the Soviet Uni
Maritime
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