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SEIBELS BRUCE REPORTS LOSS FOR QUARTER
JOC Staff |
Seibels Bruce Group Inc. reported a net loss from operations of $2.9 million for the first quarter.<
POHJOLA QUITS NORDIC P/C VENTURE
Associated Press |
The Finnish insurance group Pohjola has decided to leave the Nordic property/casualty insurance vent
HULUDAO OPENS TO COMMERCIAL SHIPS
P.T. Bangsberg |
China has opened one of its leading military ports to international commercial shipping, a move expe
Maritime
MYND POSTS NET LOSS FOR FIRST QUARTER
JOC Staff |
Policy Management Systems Corp., now known as Mynd, had a net loss of $12.1 million in the first qua
BALTIC INTERNATIONAL FREIGHT FUTURES
JOC Staff |
May 17, 2000PREV.CLOSE HIGH LOW VOL. CLOSEMay --
Maritime
WORKERS COMP BILL IS DEFEATED
JOC Staff |
A bill that would have made it almost impossible to figure out workers compensation benefits has bee
EU PRESSES SOUTH KOREA TO IMPLEMENT ACCORD
P.T. Bangsberg |
The European Union continues to pressure South Korea on shipbuilding, despite an accord reached betw
Maritime
JOC SAILING SCHEDULES TO MOVE
JOC Staff |
Sailing schedules that currently appear in the Shipcards section of the Journal of Commerce will be
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 18, 2000NO. 4/ NO. 6/ NO. 6/1% 1% 0.5%
NUMBER OF TRANSACTIONS DECLINED SHARPLY LAST YEAR
Ron Lent |
Merger and acquisition activity within the insurance industry in 1999 fell far below 1998 levels, a
MANILA OPTS TO BUILD BOX PORT FROM SCRATCH
P.T. Bangsberg |
After much wrangling and several lawsuits, authorities at Subic Bay have decided to build a new inte
CROWLEY, TEAMSTERS SEAL SAN JUAN PACT
JOC Staff |
Crowley Liner Services and Teamsters Union Local 301 have reached agreement on a three-year labor co
Maritime
CHEMICAL PRICES
JOC Staff |
using joc chemical pricesMonday: Botanicals-Spices, Balsams-Gums, Waxes, Naval Stores.<
HARD TIMES TO CONTINUE FOR INDUSTRY, S&P SAYS
Ronald Gift Mullins |
A string of costly catastrophes in 1999, compounded by weak premium rates and the financial difficul
JOC-ECRI INDUSTRIAL PRICE INDEX
The JOC-ECRI Industrial Price Index is compiled from |
Spot price inflation rate smoothed, annualized *2000 High: 92.0
SPOT PRODUCT PRICES
Knight-Ridder Financial. |
MAY 16, 2000U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
SINGAPORE MARITIME PORTAL PROMISES MULTIPLE SERVICES
P.T. Bangsberg |
Singapore intends to open an Internet portal next month to boost its development as an international
Maritime
BALTIC HANDY INDEX
JOC Staff |
ROUTE SIZE TIMECHARTER TRIP WEIGHT $ DAILY NO.1 43,000 Continent
Maritime
MAERSK LOGISTICS OPENS OFFICE IN CHILE
JOC Staff |
Maersk Logistics announced Wednesday that it has opened an office in Santiago, Chile.The com
Maritime
CHAIRMAN REBUTS ACCUSATIONS, SAYS HE NEVER LIED ABOUT ASBESTOS CLAIMS
JOC Staff |
A former chairman of Lloyd's of London has strongly denied in court that he held back vital informat
HUCHLER TO SUCCEED HOFSTETTER AT SWISSCARGO
JOC Staff |
Swisscargo announced on Wednesday that Thomas Huchler, former sales director for the northeastern Un
EDS WITHDRAWS OFFER TO BUY MYND CORP.
JOC Staff |
Electronic Data Systems Corp. has withdrawn its proposal to acquire insurance industry software make
CHILE'S INSURERS POST RECORD SALES
JOC Staff |
Chilean insurance companies reported a record $675 million in sales and premiums during the first qu
VIRUS UNDERSCORES RISKS IN E-COMMERCE
JOC Staff |
The ''Love Bug'' computer virus which has swept across the world is proof that e-commerce will emerg
MILLICH APPOINTED TO NEW DEVELOPMENT POST
William Armbruster |
Northwest Airlines Cargo, in a move apparently signifying that it will place greater emphasis on all
TNT POST SAYS NEW NET SERVICE WILL PROVIDE SECURE DATA TRANSFER
William Armbruster |
TNT Post Group, one of the world's top four global express carriers, has launched a secure express d
LET US RE-INTRODUCE OURSELVES!
JOC Staff |
Since April 10, when we announced major changes in the way in which we deliver information to you, m
SPOT COMMODITIES
JOC Staff |
MAY 17, 2000Included are list prices of suppliers. Quotations do not necessarily represent p
GASOLINE PRICES
JOC Staff |
MAY 17, 2000 RESELLER RACKUNLEADED MID- PREMIUM-UNLEAD PREMIUM-UNLEAD REGULAR
CONFERENCE, 5 SHIP LINES ARE FINED $7 MILLION
Aviva Freudmann |
Liner shipping conferences were dealt another blow this week when European regulators fined them 7 m
LOCK EXPANSION UNNECESSARY, REPORT SAYS
Associated Press |
The first independent review of a $1 billion proposal to expand locks on the upper Mississippi River
Maritime
HART UNDECIDED ON SHIFT FROM MARAD
William Armbruster |
U.S. Maritime Administrator Clyde J. Hart Jr. may be leaving the agency soon to take the reins at th
MAERSK SEALAND CUTS RIBBON IN HOUSTON
JOC Staff |
A dedicated terminal to be occupied by Maersk Sealand officially opened at the Port of Houston on We
Maritime
OMNITRACS SAYS MEXICO LESS RISKY
Daniel J. Mccosh |
Cargo security, while still a prickly thorn in Mexican logistics, seems to be improving.Mexi
Maritime
QUOTE TO NOTE
BRENT EVANS, Independent administrator Food Shippers |
'These are enormous increases. People in the industry are in a state of shock.'
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
BALTIC PANAMAX INDEX
JOC Staff |
May 17, 2000CURRENT: 1558 PREVIOUS DAY: 1554 DOLLARS/ DESCRIPTION
Maritime
CARRIER SAYS RECORD PROFITS BODE WELL FOR AIR CARGO INDUSTRY
Robert Koenig |
Lufthansa Cargo AG, emerging from the difficult climate that dampened its profits in 1999, on Wednes
TAIWAN UNFAZED BY BLOCKADE REPORT
P.T. Bangsberg |
Officials in Taiwan's largest port shrugged off reports Wednesday that China intends to blockade it
Maritime
BALTIC INTERNATIONAL FREIGHT FUTURES
JOC Staff |
May 16, 2000PREV.CLOSE HIGH LOW VOL. CLOSEMay 1575.0
Maritime
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