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CHINA TO ACCELERATE OIL PIPELINE LINK TO KAZAKSTAN
P.T. Bangsberg |
China says it will accelerate work on a $2.3 billion oil pipeline linking its western areas with nei
SPOT COMMODITIES
JOC Staff |
May 24, 1999Included are list prices of suppliers. Quotations do not necessarily represent p
VILLAGE CENTER RENAMED ALLSTATE ARENA
JOC Staff |
The Village of Rosemont, Ill., and Allstate Corp. have announced that the Rosemont Horizon will be r
VARIG REORGANIZES ITS CARGO OPERATIONS IN ORDER TO SURVIVE
Thierry Ogier |
The future of the cargo division at Brazil's largest airline, Varig, is in doubt as the company unde
WAREHOUSES GO BEYOND SIMPLE STORAGE
Russ Banham |
n the old days, say pre-1990, it used to be pretty simple to insure the liability of warehouse opera
TRADELEADS
JOC Staff |
The following tradeleads appear exclusively in print in The Journal of Commerce. The leads are curre
Maritime
INDIA TO APPEAL RULING ON IMPORTS RESTRICTIONS
N.Vasuki Rao |
India is planning to appeal a ruling by a World Trade Organization panel that said New Delhi's quant
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - May 21, 1999Prev. Life of Contr. Open Open High Low
SPOT METALS PRICES
JOC Staff |
COMMERCIAL QUANTITYAluminum ingots_ $1,500-$1,600per to
FUTURES TRADING/OPEN INTEREST AND SALES
JOC Staff |
FUTURES - May 21, 1999 OPEN INTEREST AND SALES - May 20, 1999All life-of-contract
CHINESE INSURER WINS APPRAISER'S AA RATING
JOC Staff |
Taikang Life Insurance Co. said it became the first insurer in China to win an AA rating from an app
PLANS TO UPGRADE NEW YORK AIRPORTS STYMIED BY GOVERNORS' POLITICAL FEUDING
Chris Isidore |
rucial improvements at New York area airports are stuck in a holding pattern, waiting for clearance
QUOTE TO NOTE
William Daley, U.S. Secretary of Commerce Commenting on |
'We are not prepared to say the steel crisis is over by any stretch.'
Maritime
ANALYSTS SEE JOC INDEX AS AN INDICATOR OF GROWTH
Gordon Platt |
The Journal of Commerce Industrial Price Index is a growth indicator as well as a leading indicator
RUSSIA TO SET 45 PERCENT IMPORT TAX ON SUGAR AS OF AUG. 1
Oleg Kirsanov |
The official gazette of the Russian government has published a government ruling setting a 45 percen
DAILY PETROLEUM PRICES
JOC Staff |
Monday May 24, 1999Prevailing sellers' posted prices at the close of business, representing
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
May 24, 1999Quotations are based on prices reported in the market or obtained from suppliers
CORRECTION
JOC Staff |
Mercury Air Cargo, a ground-handling company, was misidentified in an article headlined ''Fiji's Air
PERISHABLES SET FOR COOL RIDE ON KLM CARGO
William Armbruster |
hose strawberries sitting in your refrigerator may soon be enjoying a longer life.That's the
OUT TO SEA, TO GUIDE SHIPS HOME
Tom Baldwin |
It is dawn on the Staten Island waterfront.The men standing on the clean, modern pier carry
Maritime
OCEAN SHIPS SLOW AS SEAWAY SINKS
Courtney Tower |
Water levels that have sunk to 30-year lows in some parts of the St. Lawrence Seaway are forcing oce
Maritime
CUBA WARNS OF TRADE WAR IN US TRADEMARK DISPUTE
JOC Staff |
Cuba warned that a trademark dispute with the United States could turn into a trade war that threate
Maritime
WORLD BANK: ASIA RECOVERING FASTER THAN EXPECTED
Associated Press |
Companies in the crisis-stricken economies of Asia are recovering more quickly than expected, but in
SHIPS, TRAINS START MAKING VANCOUVER INTERMODAL CALLS
Rip Watson |
The first Zim-American Israeli Shipping Co. vessel in the liner company's new Pacific service arrive
CLARIFICATION
JOC Staff |
An article that appeared on Page 1B on May 3 under the headline ''P&O Nedlloyd charts a fast course'
ROADWAY EXPANDS TIME-SPECIFIC SERVICE
JOC Staff |
Roadway Express Inc. is introducing guaranteed, time-specific delivery for customers that use its st
GASOLINE PRICES DROP, NATIONWIDE RUN-UP ENDS
Associated Press |
Gasoline prices dropped 1.57 cents per gallon nationwide since May 7 to end a 2 1/2-month run-up in
TRANS-WORLD WINS CASE VS. KAZAK PARTNER
Gordon Platt |
Trans-World Group, a global conglomerate in metals trading and commodities, won a jurisdiction case
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 24, 1999No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 20.
BALTIC FREIGHT INDEX
JOC Staff |
1043 (May 24, 1999) Previous day _1061The Baltic International Freight Futures Market in Lon
Maritime
WEST COAST TERMINALS JOCKEYING FOR POSITION
Bill Mongelluzzo |
The quest for new business in the brutally competitive world of marine terminal operations has drive
KENYA THREATENS ACTION AGAINST SOUTH AFRICA
JOC Staff |
President Daniel Moi of Kenya said here Monday that Kenya will switch trade from South Africa to mem
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, July 24, 1998 - May 24, 1999 (a graph)*
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
NATIONSWAY TRANSPORT GOES OUT OF BUSINESS
Gregory S. Johnson |
Nationsway Transport Service Inc., the venerable regional hauler of consolidated freight, has closed
BOARD TO HEAR FIGHT OVER UP REPRESENTATION
Rip Watson |
A closely watched dispute over union representation of Union Pacific Railroad train crews will be th
VIAG SELLS STAKE IN KUEHNE & NAGEL
JOC Staff |
German utility Viag AG on Thursday announced it had sold its 30.3 percent stake in Swiss-based freig
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 21, 1999No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 20.
CHINESE ECONOMIST: GIVE INSURANCE COMPANIES THE GREEN LIGHT TO INVEST IN STOCK MARKET
Bridge News |
Beijing University economist Xiao Zhuoji has called for China's insurance firms to be allowed to inv
SPOT PRODUCT PRICES
JOC Staff |
May 20, 1999U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
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