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SPOT COMMODITIES
JOC Staff |
June 4, 1999Included are list prices of suppliers. Quotations do not necessarily represent p
EU REJECTS DUTY-FREE DEADLINE EXTENSION
JOC Staff |
European Union leaders rejected a French proposal Friday to extend the deadline for phasing out inte
Maritime
CHICKEN, PORK IMPORTS KEPT OFF MARKET
Associated Press |
As a precautionary measure, the Department of Agriculture is keeping all imports of chickens, pork a
Maritime
FREIGHT ASSETS: FISCAL LIABILITY?
Chris Isidore |
Wall Street loves companies that handle freight - as long as they don't own transportation assets.
API WEEKLY REPORT
JOC Staff |
THOUSANDS OF BARRELSWEEK WEEK WEEKENDED ENDED ENDED5/28/99 5/21/99 5
SEIZED FREIGHTER AUCTIONED FOR SCRAP
Jack Lucentini |
A 27-year-old freighter seized from accused drug dealers in January was auctioned for $605,000 last
Maritime
US TO AID MAKHACHKALA'S EFFORT TO ENTER OIL TRANSPORT MARKET
John Helmer |
The Russian Caspian seaport of Makhachkala, on the western shore, is getting U.S. government help an
Maritime
CONTINENTAL BUYS STAKE IN AEROPERU
JOC Staff |
Continental Airlines agreed to take a 49 percent stake in Peru's flagship airline Aeroperu, which ha
SPOT METALS PRICES
JOC Staff |
COMMERCIAL QUANTITYAluminum ingots $1,500-$1,600 per ton lots & in warehouse
INTERNATIONAL BUNKER PRICES
JOC Staff |
Europe/Med. | Africa/Mid East | India/Far East/Aus. |Americas/Carib. EUROPE/MEDITER
Maritime
PAL MAJORITY OWNER SAYS HE RAISED ENOUGH FUNDS TO KEEP CARRIER FLYING
JOC Staff |
Lucio Tan, majority owner of Philippine Airlines, said Thursday he has raised the money needed to ke
SOUTH AFRICA'S ANC DECLARES VICTORY
JOC Staff |
South Africa's president-in-waiting Thabo Mbeki declared victory for the African National Congress a
HOFFA GETTING MIXED REVIEWS IN HIS FIRST BARGAINING TEST
Alice Ann Love |
The Teamsters union dispute with trucking companies that haul new cars to dealerships ended with no
KLM, FEDEX EXPAND CARGO SERVICES IN INDIA
N. Vasuki Rao |
KLM Royal Dutch Airlines BV and Federal Express Corp. opened cargo stations in southern India.
HONG KONG CARRIER'S CARGO FLIGHTS UNAFFECTED BY JOB ACTION
Chris Isidore |
A job action by pilots at Hong Kong's Cathay Pacific Airways, the world's eighth-largest internation
AVONDALE ACCEPTS LITTON OFFER
JOC Staff |
Shipbuilder Avondale Industries Inc. on Thursday accepted a $529 million takeover offer from Litton
Maritime
XL CAPITAL LTD. ACQUIRES ECS INC.
JOC Staff |
XL Capital Ltd. has acquired ECS Inc. for an undisclosed price.ECS, headquartered in Exton,
NEW JERSEY TO PAY $67.5 MILLION FOR LIGHT-RAIL SERVICE ON CONRAIL LINE
Journal of Commerce Staff |
New Jersey Transit Co. and Consolidated Rail Corp. signed a letter of intentthis week that allows th
PROVIDE SANCTIONS LIST, EU DEMANDS
John Zarocostas |
The European Union demanded on Thursday that the United States and Canada supply a list of products
Maritime
WON WINS SUPPORT IN RATE CASE
Tim Sansbury |
Federal Maritime Commission lawyers have called for the rejection of a petition to disqualify Commis
Maritime
US LIMITS ON PAKISTAN COTTON YARN CHALLENGED
N. Vasuki Rao |
The World Trade Organization will ultimately support Pakistan's bid to force the United States to li
Maritime
STAFF STRIKE AGAINST EDI MARS ITS DEBUT
N. Vasuki Rao |
A strike by a section of Customs staff at Calcutta airport since Tuesday has held up cargo shipments
Maritime
POST OFFICE HELPS CARRIER GO DOOR TO DOOR
Chris Isidore |
Airborne Express, with a little help from the U.S. Postal Service, is the latest carrier to move int
DOT RELEASES FEDERAL LOANS PROGRAM RULES
Rip Watson |
The Department of Transportation published final rules for a $1.6 billion loan program that is inten
VENEZUELA IN TALKS WITH CUBA ABOUT EXPLORATION, SOURCES SAY
Reuters |
Venezuela and Cuba are in talks about a possible oil deal to allow Venezuela to explore for oil in C
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 3, 1999NO. 4/ NO. 6/ NO. 6/1% 1% 0.5%Buckley
AIA AND BLACKSTONE FORM PARTNERSHIP
JOC Staff |
A Capital Corp. and the Blackstone Group have formed a partnership to pursue restructuring, mergers
WEATHER "TRADING' IS BIG BUSINESS
Reuters |
For businesses such as Walt Disney theme parks, lousy weather spells lousy sales, a force of nature
KATIMS: JONES ACT STILL USEFUL TO US INTERESTS
Terry Brennan |
Northbound shippers from Puerto Rico to the U.S. mainland have a big stake in preservation of the Jo
Maritime
PHILIPPINES PRESSES FOR COMMON CURRENCY
JOC Staff |
President Joseph Estrada Thursday pushed for a common currency in East Asia, saying the move will re
Maritime
DEBATE INTENSIFIES ON JONES ACT
Tim Sansbury |
At a National Maritime Day ceremony here late last month, Navy Undersecretary Jerry Hultin cited the
BRIEFING CAN HELP KEEP BUSINESS RATES LOWER
Chris Barnett |
A smart way to reduce your transportation insurance rates is to prepare a ''presentation'' for the i
CROWLEY EXECUTIVE HONORED BY PEERS
JOC Staff |
The vice president of Puerto Rico operations for Crowley American Transport was given the Outstandin
Maritime
SPOT PRODUCT PRICES
Knight-Ridder Financial. |
June 2, 1999U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
SPOT COMMODITIES
JOC Staff |
June 3, 1999Included are list prices of suppliers. Quotations do not necessarily represent p
CHINA TO EXPAND MARKET IN EXPORT CREDIT PROTECTION
Reuters |
China plans to sell credit insurance on a wider basis in an effort to spur the economy, insurance in
TOKIO MARINE JOINS WITH SCHWAB
JOC Staff |
Charles Schwab Corp. and Tokio Marine and Fire Insurance Co. will start a full service brokerage fir
IRELAND-SINGAPORE BANK DEAL GAINS FAVOR
JOC Staff |
Analysts here appear to favor the merger of Allied Irish Banks with the city-state's Keppel TatLee B
BLAIR STILL WANTS TO JOIN EURO
JOC Staff |
Prime Minister Tony Blair Thursday attempted to put an end to suggestions his government is getting
Maritime
FITZGERALD TAKES TOP HVIDE POST
JOC Staff |
Hvide Marine Inc. Chairman J. Erik Hvide has stepped down and been replaced as chairman, president a
Maritime
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