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INDIAN FIRM TO ASSEMBLE ARMADAS IN MALAYSIA
JOC Staff |
Indian automotive corporation Mahindra & Mahindra Ltd. will assemble its latest Armada Grand 4-wheel
Maritime
JAPAN'S DEBT CRISIS SPOOKS MARKETS AS DEMAND DOESN'T BALANCE SUPPLY
Currency Forecast - Gordon Platt |
hat happened in Japanese credit markets last Tuesday was nothing short of a bloodbath, according to
FUNDING UNLIKELY FOR CUSTOMS UPGRADE
Peter Tirschwell |
A major computer upgrade needed by U.S. Customs to avert massive border delays if the current obsole
US TO PUT NEW EMPHASIS ON AFRICA'S OIL PRODUCERS
Atiya Hussain |
As it has with other key regions in the past, the U.S. government signaled this month that it sees c
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeDec. 23, 1998 Brent Crude Oil - (Dollars Per Barrel)
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of Dec 24, 1998Quotations are based on prices reported in the market or obtained from sup
TEXAS COURT ASKED TO AFFIRM LAW BARRING RELEASE OF MARKETING DATA
From Wire Reports |
Insurers have asked a Texas appeals court to affirm a District Court's permanent injunction barring
CSX ALLOWED TO END CONRAIL, NS CONTRACT
Rip Watson |
The Surface Transportation Board is allowing a CSX Corp. intermodal subsidiary to ify rail c
MOROCCO PORT SEEN PICKING BUILDER SHORTLY
JOC Staff |
Moroccan port authorities will soon name the company that will build and operate a $326 million port
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Dec. 24, 1998No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 19
SPOT PRODUCT PRICES
JOC Staff |
Dec. 23, 1998U.S. spot oil product price indications, sellers range, in cents per gallon, f.
GASOLINE PRICES
JOC Staff |
Dec. 24, 1998RESELLER RACK Unleaded Mid- Premium-Unle
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled for the coming months.The Journal of Commerce
FREIGHT RATE FUTURES
JOC Staff |
Dec. 24, 1998Baltic International Freight Futures Market PREV.CLOSE HIGH
Maritime
QUOTE TO NOTE
Bob Costello, Economist, ATA (American Trucking Associations) |
'Profit margins are so low in this industry . . . that there is no doubt that low fuel prices help c
Maritime
AS HAWAII GOES, SO, TOO, GOES MATSON
Peter Tirschwell |
As 1998 draws to a close, so does another year of stagnation in the Hawaiian economy.While t
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Thursday Dec. 24, 1998Prevailing sellers' posted prices at the close of business, representi
EU: RAILS CAN COMPETE WITH TRUCKS SOMETIMES
JOC Staff |
Railroads are showing signs that they can compete in some areas with trucks, according to a survey b
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
FAST FERRY
JOC Staff |
Photo Only
Maritime
SEVERE CONGESTION PLAGUES BANGLADESH PORT OF CHITTAGONG
N. Vasuki Rao |
Bangladesh's Port of Chittagong is again facing severe congestion, with the waiting period for ships
Maritime
HANJIN INAUGURATES KWANGYANG TERMINAL
P.T. Bangsberg |
South Korea's Hanjin Shipping Co. is now operating from its exclusive Kwangyang terminal on the sout
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
CRUDE OIL INVENTORIES REPORTED UP FOR THE WEEK ENDED DECEMBER 18
Journal Of Commerce Staff |
U.S. crude oil inventories rose less than 1 million barrels in the week ended December 18, as compar
TRADELEADS
JOC Staff |
The following tradeleads appear exclusively in print in The Journal of Commerce. The leads are curre
Maritime
NORILSK NICKEL WON'T RAISE OUTPUT
Sergei Padalko |
Russia's Norilsk Nickel has no plans to increase nickel and copper output in 1999, officials said.
ACE ADMITS TO NEGOTIATIONS TO BUY CIGNA'S PROPERTY-CASUALTY BUSINESS
From Wire Reports |
Although neither Cigna Corp. nor ACE Ltd. would confirm they have agreed to a strategic alliance, th
QUOTE TO NOTE
Sir Leon Brittan, European Trade Commissioner |
'This dispute is no longer about bananas; it is about respect for the multilateral trade system.'
Maritime
ALL-AMERICAN PRODUCTS, BY THE BOOK
Paula L. Green |
U.S. companies now have a 40-page government handbook, crammed with specific product examples, to he
NEW LEADER SAYS BRAZIL MUST HAVE COURAGE TO MAKE NEEDED REFORMS
Bridge News |
After announcing his new cabinet on Wednesday, Brazilian President Fernando Enrique Cardoso said the
INSPECTORS ON WATCH TO HOOK FISHY CAVIAR IMPORTS TO US
Tom Baldwin |
Party-goers may sniff twice at the caviar on the hors d'oeuvre table this holiday season after an in
TEXTILE IMPORTERS TO PAY FOR US-EU BANANA SPLIT
Paula L. Green |
U.S. vendors of lush cashmere sweaters and designer bed linens are waiting nervously to see if the U
Maritime
KLLM EXPECTS LOSS IN ITS FOURTH QUARTER
JOC Staff |
KLLM Transport Services Inc., an irregular-route truckload carrier, Wednesday said it expects to rep
CP SHIPS-TMM DEAL DELAYED UNTIL JANUARY
JOC Staff |
The joint venture agreement between CP Ships and Transportacion Maritima Mexicana, announced in July
SURVEY: OIL SPENDING SET FOR BIGGEST DROP IN DECADE
David Chance |
Worldwide oil exploration and production spending is set for its biggest decline in more than a deca
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Dec. 23, 1998Prevailing sellers' posted prices at the close of business, represent
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
NAIC TO HAVE MODEST REVENUE BOOST IN 1999
JOC Staff |
The National Association of Insurance Commissioners estimated revenue will be up to $44.4 million, a
MALAYSIAN INSURERS HAVE PREMIUM INCOME DROP
JOC Staff |
Combined premium income of Malaysia's life and general insurance industry fell 2.3 percent to 7.6 bi
TURKEY BEGINS PROCESS OF FORMING GOVERNMENT
JOC Staff |
Turkey's Industry and Trade Minister Yalim Erez said on national television Wednesday that President
Maritime
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