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Platts Containers Update
SPOT COMMODITIES
JOC Staff |
Feb. 25, 1999Included are list prices of suppliers. Quotations do not necessarily represent
SMALL IMPORTERS CAN GET CREDIT WITH COMPLIANCE INSURANCE
Gordon Platt |
You are a small importer jumping for joy. A major U.S. retailer is captivated by those fancy shoes y
QUOTE TO NOTE
John Clancey, Chief executive, Sea-Land Service Inc. |
'This structure offers many advantages both internally and externally.'
Maritime
IBM OFFERING SUPPLY-CHAIN SERVICES
JOC Staff |
IBM has launched a supply-chain services practice, along with several joint marketing programs for 1
NCM OFFERS CREDIT SERVICES TO SUPPLIERS
Adrian Leonard |
NCM, the international credit insurer, has launched NCM Marine, which offers credit-relatedproducts
INDIA'S BANKS PARALYZED BY STRIKE
JOC Staff |
Banking operations throughout India were paralyzed as more than 1.2 million employees started a two-
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Mar. 17, 1998 - Feb. 25, 1999 (a graph)*
ENERGY DEPARTMENT PLANS LOANS FOR OIL PRODUCERS
Tom Doggett |
U.S. Energy Secretary Bill Richardson said he will soon unveil a program to provide emergency loans
WEEKLY COAL EXPORTS \ WEEK OF FEB. 15-19, 1999
PIERS, Journal of Commerce |
Only table.
JORDAN AND NORWAY TO LAUNCH $700 MILLION FERTILIZER JOINT VENTURE
Abdul Jalil Mustafa |
Jordan and Norway have finalized plans for the setting up of a joint phosphates project with a total
Maritime
BIOGENETIC TRADE TALKS COLLAPSE
Frank Bajak |
Negotiations collapsed Wednesday on a treaty regulating international shipments of genetically modif
Maritime
EU ANTITRUST OFFICIAL EXPECTS MORE BANK EURO-COLLUSION PROBES
Associated Press |
The European Union's top antitrust official said this week that more European banks may be investiga
CARGO TAKES A HIT BUT PROFIT RISES 27 PERCENT AT SAINT JOHN PORT
Courtney Tower |
Cargo volume was down significantly at the Port of Saint John, New Brunswick, last year, but profit
Maritime
WAN HAI OWNER LAUNCHES PACIFIC CONTAINER SERVICE
Peter Tirschwell |
An owner of Wan Hai Lines, the large intra-Asian container line, is launching a Pacific container se
CD&L REPORTS RISE IN PROFITS, PLANS EXPANSION
Helen Atkinson |
Consolidated Delivery & Logistics Inc. multiplied its profits nearly fivefold in 1998 compared with
PEOPLE ON THE MOVE
From Wire and Staff Reports |
EVEREST RESteven A. Mestman was promoted to executive vice president. Mr. Mestman is respons
BRAZIL CHIEF, STATE GOVERNORS TO DISCUSS EXCHANGE RATES TODAY
Thierry Ogier |
President Fernando Henrique Cardoso is due to hold talks with state governors today in an effort to
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
*NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Feb. 24, 1999Prev. Life of Contr. Open Open High Low
THINK GLOBALLY, SELL GLOBALLY _ REMEMBER, ON THE WEB, "WW' STANDS FOR WORLDWIDE
Cyber Trader - Howie Simon |
A lot of people are enthusiastically talking up e-commerce in the United States - they say it's tak
*FREIGHT RATE FUTURES
JOC Staff |
Feb. 24, 1999Baltic International Freight Futures Market Prev.Close High
Maritime
INDIA SAYS PORTS NEED $2 BILLION INVESTMENT
N. Vasuki Rao |
The Indian government has estimated that the country's ports will require an investment of 80 billio
Maritime
US RAILROADS SPEEDING ON MEXICAN TRACKS
Kevin G. Hall |
U.S. railroads with operations or partnerships in Mexico are predicting growth this year to exceed t
MITSUI BECOMES TAIWAN'S FIRST JAPANESE INSURER
P.T. Bangsberg |
Taiwan's move to open its insurance sector has benefitted Mitsui Marine & Fire Insurance Co., which
ASAHI, METLIFE DISCUSS VENTURE
Associated Press |
Major Japanese insurer Asahi Mutual Life Insurance Co. is negotiating with Metropolitan Life Insuran
JAPANESE BANK TO SELL LAND AND BUILDINGS
JOC Staff |
Japan's giant Bank of Tokyo-Mitsubishi Ltd. said Thursday it would sell about half of the land and b
Maritime
SWISS MACHINE INDUSTRY FEARS DETERIORATING INVESTMENT CLIMATE
John Zarocostas |
Swiss machinery manufacturers fear the industry could be heading for a rough ride in 1999 if the eco
Maritime
SHIPPERS EAGER FOR MAY 1 AND TAILOR-MADE CONTACTS
Bill Mongelluzzo |
Importers and exporters can hardly wait for shipping reform to take effect on May 1 because it will
Maritime
CARGO WATCH: LYKES LINES
PIERS database. |
Key movements in 20-foot ocean container unitsNov. Dec. Jan. Feb. Mar. Apr. May June July Au
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeFeb. 24, 1999 Brent Crude Oil - (Dollars Per Barrel)
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,500-$1,600per
ATLANTIC RATES CLAIM THEIR FIRST CASUALTY
Terry Brennan |
The overcapacity that has toppled rates in the North Atlantic claimed its first victim this week as
AMAZON LINES TO EXPAND UNDER NEW OWNERSHIP
Peter Tirschwell |
Amazon Lines, the small carrier owned by the DiGregorio family that has cut back service to Brazil i
Maritime
EARNINGS
From Wire and Staff Reports |
STATE FARM AUTO UNITS SEE PREMIUMS DECLINEBLOOMINGTON, Ill. - State Farm's two auto insurers
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Feb. 25, 1999No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 20
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of Feb 25, 1999Quotations are based on prices reported in the market or obtained from sup
WORLD TRADE CENTER LEADS
WTCA On-Line |
For further information:These trade leads are supplied by WTCA On-Line, a service of the Wor
PARTICIPANTS NEEDED FOR TRADE MISSION
Economist Intelligence Unit, Reuters, The Associated Press, |
Applications are being sought for participation in a trade mission to Central America on March 21 th
PHILIPPINES TO PUT OUT INVESTMENT WELCOME MAT
P.T. Bangsberg |
With multinational companies scaling back or closing operations in the Philippines, the government a
Maritime
FMC WRAPS UP REFORM ACT
Tim Sansbury |
Three months after unveiling a massive series of proposed rules to carry out last year's Ocean Shipp
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