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BUDGET GAP IN ALASKA FORCES TOUGH PROPOSALS
JOC Staff |
The prospect of billion-dollar budget shortfalls has Alaska's governor making two proposals once con
Maritime
CHANGES YES, BUT SHIPPERS STILL WAIT FOR SAVINGS FROM MOD ACT
Bill Mongelluzzo |
The Customs Modernization and Informed Compliance Act, five years old in December, has made profound
NEWPORT NEWS TO MERGE WITH AVONDALE
Tom Baldwin |
Newport News Shipbuilding Inc. is joining with Avondale Industries Inc., a New Orleans-based shipbui
HUTCHISON-LED GROUP BUYS 50 PERCENT OF ECT
Paul Richardson |
A consortium that includes Hutchison Ports Holdings - a major port conglomerate - is acquiring 50 pe
PHILIPPINES GRANTS TARIFF INCREASES TO SOME SECTORS, REDUCES OTHERS
P.T. Bangsberg |
Rejecting calls for an across-the-board increase in tariffs, President Joseph Estrada granted what h
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,500-$1,600per
NORTHRIDGE QUAKE LOSSES WORSE THAN FIRST REPORTED
Ron Lent |
A new report, released on the fifth anniversary of the Northridge earthquake, shows that insured pro
SHIFT OF POWER AT COUNCIL OF LLOYD'S
Adrian Leonard |
The five new members elected to the Council of Lloyd's last week mark a clear shift in power to the
WTO UPHOLDS RULING AGAINST KOREAN TAX
JOC Staff |
South Korea's higher taxes on U.S. whisky and other liquor violate global trade rules, a World Trade
Maritime
SURVEY: WORLD'S HEDGE FUNDS LOST BIG IN 1998
JOC Staff |
Hedge funds around the world lost a total of $32.4 billion, or 32.2 percent of their customers' asse
Maritime
DEREGULATION BATTLE
Tim Sansbury |
Rewind the tape of last year's debate on the Ocean Shipping Reform Act.Concerns over the l
Maritime
SHIPPERS TO MEET IN MARCH OVER RAIL REGULATIONS
Rip Watson |
Shippers pressing for legislative changes to the rules governing rail access and competition will me
SAME TIME, NEXT YEAR? SOME CARRIERS WON'T SURVIVE DEREGULATION, BRAZIL CRISIS
Slot Watch - Paul Richardson |
Several weeks ago, one top executive in the liner shipping business told me, ''We are all in for one
Maritime
SEN. GRAMM SETS FEB. 25 FOR VOTING ON REFORM BILL
JOC Staff |
Sen. Phil Gramm, the Senate Banking Committee's new chairman, said his panel will vote on U.S. banki
JAPAN REASSESSES STEEL IMPORTS AFTER CLINTON ISSUES WARNING
Associated Press |
Japan's finance chief said Wednesday he is worried that the United States is growing increasingly an
Maritime
WITH HARBOR TAX REFUNDS, CHECK IS NOT IN THE MAIL
Jack Lucentini |
The Customs Service has speeded up the processing of harbor maintenance tax refunds, quieting some e
Maritime
GREENSPAN: "VIGOROUS' ECONOMY HAS RISKS
Knut Engelmann |
Federal Reserve Chairman Alan Greenspan hailed the ''sparkling'' performance of the U.S. economy, bu
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Mar. 13 - Jan. 20, 1999 (a graph)* Annua
BRAZIL'S CURRENCY WOES HIT MARITIME
Thierry Ogier |
The sudden, shocking devaluation of Brazil's currency has created new problems for the maritime indu
CANADIAN OIL FIRMS BRACE FOR POOR RETURNS FED BY DEPRESSED PRICES
Jeffrey Jones |
Analysts are bracing themselves for what are expected to be a spate of poor 1998 financial results f
MARUBENI, INDIAN OIL VENTURE ALLOWED
Bridge News |
The Indian government will allow a joint venture between state-run Indian Oiland Japan's Marubeni Co
SPOT COMMODITIES
JOC Staff |
Jan. 20, 1999Included are list prices of suppliers. Quotations do not necessarily represent
CLINTON PRAISED FOR URGING WORLD TRADE DISCUSSIONS
John Zarocostas |
Many in the global trading community on Wednesday hailed President Clinton's call for a new round of
Maritime
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of Jan 20, 1999Quotations are based on prices reported in the market or obtained from sup
MERRILL LYNCH CHIEF URGES PASSAGE OF REFORM BILL
JOC Staff |
Merrill Lynch chairman and chief executive David Komansky urged Congress to enact the financial serv
HIGH COURT LETS STAND PRUDENTIAL SETTLEMENT
JOC Staff |
The Supreme Court rejected two challenges to Prudential Insurance Co. of America's $410 million sett
*BALTIC FREIGHT INDEX
JOC Staff |
777 (Jan. 19, 1999) Previous day - 776The Baltic International Freight Futures Market in Lon
Maritime
CARGO WATCH: JACKSONVILLE
PIERS database. |
Key movements in 20-foot ocean container unitsOct. Nov. Dec. Jan. Feb. March April May June
Maritime
MITSUI O.S.K., ENRON FORM JOINT VENTURE
From Wire And Staff Reports |
Mitsui O.S.K. Lines and Enron International, a Houston energy company, formed a joint venture to own
Maritime
THAI AGENCIES TO MONITOR IMPACT OF EURO EXCHANGES
Ron Corben |
The euro's introduction has provided a mixed blessing for Thai business, with expected export opport
OFER BROTHERS BUYS CONTROL OF ZIM ISRAEL
Paul Richardson |
One of Israel's wealthiest business concerns, Ofer Brothers Shipping Co., will acquire a 53 percent
UP TO LET CREWMEMBERS TAKE 45-MINUTE NAPS
JOC Staff |
Union Pacific Railroad will allow train crew workers in an eight-state region to take naps of up to
SHIP FIXTURES BREAKDOWN
Bridge News |
The dry cargo and tanker fixtures listed herewith and compiled in London and New York, include the f
Maritime
US GRAIN, SOYBEAN EXPORT DESTINATIONS
U.S. Department of Agriculture; Journal of Commerce |
No text.
FREIGHT RATE FUTURES
JOC Staff |
Jan. 20, 1999Baltic International Freight Futures Market Prev.Close High
Maritime
FTC ORDERS 6 FIRMS TO STOP USING FALSE US-MADE LABELS
Paula L. Green |
A federal agency has wrapped up tentative settlements with six companies accused of making misleadin
Maritime
SINGAPORE, MALAYSIA IN CUSTOMS NEGOTIATIONS
JOC Staff |
Singapore has extended a deadline to resolve a dispute over customs, immigration and quarantine faci
Maritime
CHINESE FIRM INVESTS IN KENYA COMPUTER PLANT
JOC Staff |
A Chinese firm, Neo Kingstake Ltd., will invest $40 million in a computer manufacturing plant in Ken
Maritime
BRAZIL FINES TANKERS OVER VISA RULES
Aviva Freudmann |
Brazil is imposing heavy fines on foreign shipowners operating in its domestic routes whose non-Braz
Maritime
US-IRAN GRAIN SALE THREATENED
Michael S. Lelyveld |
Supporters of a $500 million deal to sell U.S. grain to Iran are fighting to save their initiative,
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