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P&O REPORTS PROFIT UP 14.5 PERCENT DROPPING NON-MARITIME ASSETS
Aviva Freudmann |
Peninsular & Oriental Steam Navigation Co.'s profit jumped 14.5 percent last year to $686 million, a
HUB GROUP TO ACQUIRE 17 OPERATING COMPANIES
JOC Staff |
The Hub Group Inc. will spend approximately $110 million to acquire the remaining interest in 17 ope
WASHINGTON'S SENN TO RUN FOR SENATE SEAT
JOC Staff |
Washington state Insurance Commissioner Deborah Senn recently became the first Democratic challenger
LLOYD'S POSTS $1 BILLION PROFIT FOR 1996
From Wire Reports |
Lloyd's reported a preliminary profit for its 1996 underwriting year of 606 million pounds ($1.0 bil
LOTT NOW BACKS BILL TO STEM TIDE OF UNILATERAL ECONOMIC SANCTIONS
Michael S. Lelyveld |
The campaign to limit unilateral economic sanctions staged a surprising revival Wednesday, as suppor
APPEALS COURT WON'T ALLOW PICKETING
Journal Of Commerce Staff |
The U.S. Circuit Court of Appeals for the 9th Circuit in San Francisco affirmed a lower court decisi
BANK CUTS EMERGING MARKET RISK PROVISION
JOC Staff |
Germany's Commerzbank reduced its risk provision for emerging market countries to an estimated 1.2 b
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Mar. 24, 1999Prevailing sellers' posted prices at the close of business, represent
GERMANY SEEKS TO INCREASE SHIPOWNERS' WRECK LIABILITY
Robert Koenig |
The German Parliament, responding to controversy about the grounding of a freighter off the North Se
HIGH-YIELD SHIPPING BONDS
Lazard Freres & Co.; The Journal of Commerce |
Table Only
Maritime
EU CONTINUES TO BLOCK US GENE-SPLICED CORN
Elizabeth De Bony |
U.S. corn exporters may lose $200 million in corn sales to the European Union again this year becaus
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeMar. 23, 1999 Brent Crude Oil - (Dollars Per Barrel)
SPOT COMMODITIES
JOC Staff |
Mar. 24, 1999Included are list prices of suppliers. Quotations do not necessarily represent
SHIP FIXTURE BREAKDOWN
Bridge News |
The dry cargo and tanker fixtures listed herewith and compiled in London and New York, include the f
Maritime
WHITE HOUSE NOT RUSHING INTO CHINA-WTO DEAL
Laura Myers |
There's no rush to seal a deal with China on joining the World Trade Organization before Chinese Pri
KOSOVO CRISIS DELAYS RUSSIA'S WTO TALKS
Journal Of Commerce Special |
The Kosovo crisis and the ultimatum by the North Atlantic Treaty Organization has delayed a round of
EUROPEAN SHIPPERS HIT PROPOSED
Aviva Freudmann |
Amid reports that the European Commission is hesitating about approving a proposed new carrier confe
US AND EU REMAIN APART OVER HUSH-KIT EQUIPMENT
Chris Johnstone |
Another trade war between the United States and European Union appears inevitable, as U.S. Transport
GRAIN DELAYS EASE AT PORT OF VANCOUVER AS UNION REACHES DEAL ON CONTRACT
Courtney Tower |
A pair of agreements reached in the Canadian capital have put an end to days of delay and uncertaint
BOUCHARD TAPS HALTER FOR DOUBLE-HULL JOB
Journal Of Commerce Staff |
Bouchard Transportation Co., Hicksville, N.Y., is upgrading at least one, and perhaps five, of its o
Maritime
ITALY'S PRODI CHOSEN TO LEAD EUROPEAN COMMISSION
Bridge News |
Former Italian Prime Minister Romano Prodi reacted with delight Wednesday to news he had been named
Maritime
AIG HAS HIGH HOPES FOR ASIA CREDIT CARDS
Bridge News |
American International Group Chairman and Chief Executive M.R. Greenberg said the company is expandi
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
TIRED OF PAYING FOR Y2K UPGRADES? TRY THIS TACTIC
Ronald Gift Mullins |
The Port of Seattle has shocked its property insurers and given an old clause a new twist by filing
BTS PLAN WOULD LIMIT ACCESS TO TRUCKER DATA
Rip Watson |
The U.S. Department of Transportation has proposed procedures that could restrict public access to f
EXPORTERS APPEAL RULING THAT REDUCES HARBOR TAX REFUNDS
Jack Lucentini |
Oral arguments could take place early this fall as exporters appeal a ruling that would sharply limi
GTE WEIGHS ENTERING BRAZIL'S SERVICES MARKET
JOC Staff |
GTE Corp., Stamford, Conn., is considering entry into Brazil's telecommunications market with a dome
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Mar. 23, 1999U.S. spot oil product price indications, sellers range, in cents per gallon, f.
GASOLINE PRICES
JOC Staff |
Mar. 24, 1999RESELLER RACK Unleaded Mid- Premium-Unlead Premium-Un
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of Mar 24, 1999Quotations are based on prices reported in the market or obtained from sup
PEOPLE ON THE MOVE
From Wire and Staff Reports |
CRUM&FORSTERPatricia A. Drago has been named president of the property/casualty insurance co
HYDE DEMANDS FMC REPORT ON PEAK PACIFIC RATES
Tim Sansbury |
A key antitrust lawmaker has ordered the Federal Maritime Commission to turn over the full report on
RUBLE LOSES 5 PERCENT AGAINST DOLLAR
Sergei Zhavoronkov |
The Russian ruble fell 5.4 percent against the U.S. dollar in the afternoon session on the Moscow In
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, May 22, 1998 - Mar. 24, 1999 (a graph)*
THAILAND IS DETERMINED TO CREATE A MERCHANT FLEET
Journal Of Commerce Special |
Thailand, having hit rough water several times, says it is determined to create a national merchant
NEC, SIEMENS AGREE ON MOBILE PHONE DEAL
JOC Staff |
NEC Corp. and Siemens AG have reached a basic agreement to form a strategic tie-up in next-generatio
Maritime
AUDITORS GIVE CUSTOMS GOOD FISCAL MARKS AGAIN
JOC Staff |
Government auditors have given the Customs Service a clean bill of health for the third straight yea
Maritime
TOWER GROUP LAUNCHES ADVISORY SERVICE
JOC Staff |
Tower Group has created Insurance Comprehensive Advisory Service for the insurance industry, informa
HARTFORD GETS TOP RATING FOR ASSIGNED RISK SERVICE
JOC Staff |
The Hartford Financial Services Group Inc. received a ''commendable'' rating, the highest designatio
BALTIC FREIGHT INDEX
JOC Staff |
969 (Mar. 23, 1999) Previous day - 974The Baltic International Freight Futures Market in Lon
Maritime
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