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SHIPPING REFORM ACT HEADS TO VOTE TODAY
Tim Sansbury |
Much-anticipated legislation to deregulate container shipping - after years of debate, drafting and
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
FREIGHT RATE FUTURES
JOC Staff |
Oct. 1, 1998Baltic international Freight Futures Market Prev.Close High Low
Maritime
BALTIC HANDY INDEX
JOC Staff |
847 (October 1, 1998) Previous day - 836The Baltic Exchange in London on Tuesdays and Thursd
Maritime
BRITAIN OPENS $770 MILLION GAS LINE TO CONTINENT
Bruce Barnard |
Britain's gas industry broke into the $100 billion continental European market Thursday with the ope
SHEEP SECTOR FILES TRADE COMPLAINT OVER IMPORTS
Associated Press |
The U.S. International Trade Commission is being asked to recommend tariffs and quotas on imported l
Maritime
RUSSIAN WOES HIT EXPORTERS IN GERMANY WHERE IT HURTS
Robert Koenig |
After the fall of the Berlin Wall, exporters in unified Germany worked hard to rebuild commerce with
Maritime
THAILAND RESHUFFLING CALLED GOOD FOR REFORM
Ron Corben |
Thailand's economic reform agenda has received a boost with a major Cabinet reshuffling, set to more
Maritime
CHARTWELL RE UNIT BUYS LLOYD'S UNDERWRITER
JOC Staff |
Chartwell Re Corp., through a subsidiary, has purchased all the outstanding capital stock of Limit (
ALLSTATE SELLS 95 PROPERTIES
JOC Staff |
Allstate Corp. has sold its portfolio of investment properties, totaling 10 million square feet, to
HERMES, KONTROLLBANK IN REINSURANCE PACT
JOC Staff |
German credit insurer Hermes, which handles government-backed export guarantees, has signed a mutual
SOUTH AFRICAN UNION TAKES STAKE IN INSURER
JOC Staff |
South Africa's communist-led labor movement Cosatu has bought into an insurance company that it hope
TESTS CONTINUE ON SHIP-TRACKING SYSTEM
JOC Staff |
Shiptrac, the covert tracking system launched by Marine Risk Management Group of Switzerland this su
DEAL STRUCK ON BANKING REFORM BILL
From Wire Reports |
Commercial banks and insurance agents have reworked a key section of a pending banking reform bill,
"NEW' RULE SOUGHT FOR GLOBAL INSURERS
From Wire Reports |
International insurers must abandon government confrontation for a common-sense approach to maximize
TRADELEADS
JOC Staff |
The following tradeleads appear exclusively in print in The Journal of Commerce. The leads are curre
Maritime
SUPREME COURT TO REVIEW COMP CASE
From Wire Reports |
The U.S. Supreme Court this week agreed to review an appellate court decision that workers compensat
PSYCHOLOGISTS SUE AETNA USHEALTHCARE
Ron Lent |
A California trade organization representing 5,000 psychologists filed a lawsuit against Aetna USHea
WEEKLY COAL EXPORTS \ WEEK OF SEPT. 21 - 25, 1998
PIERS, New York |
Only table.
CROWLEY TO LAUNCH THIRD HARBOR-CLASS TUG
JOC Staff |
Crowley Marine Services on Thursday will christen the Guide, the third of its new Harbor-class tugbo
DHL IN TRANS-OCEAN DEAL WITH US AGENCIES
JOC Staff |
DHL Worldwide Express has won a contract to transport small packages on trans-Atlantic and trans-Pac
EMERY TO MANAGE AMF'S BOWLING BALL INVENTORY
JOC Staff |
AMF, a global manufacturer and marketer of bowling products, has chosen Emery Worldwide's global log
NEW ZEALAND DAIRY BOARD TO USE VASTERA WARE
JOC Staff |
Vastera, a supply chain management software company, has signed a licensing agreement with the New Z
LATVIA COMPLETES WTO ENTRY TALKS
John Zarocostas |
Latvia has successfully completed its five-year bid to join the World Trade Organization, after the
Maritime
QUOTE TO NOTE
Joji Ilagan Bian, Chairman, Mindanao Business Council, The |
'Businessmen can postpone their travel, but you cannot do that to cargo.'
Maritime
AFRICAN CLEARING HOUSE TO BECOME EXPORT AGENCY
JOC Staff |
The Common Market for Eastern and Southern Africa, Comesa, will transform its clearing house into a
Maritime
BRAZIL CUSTOMS STRIKE PUT OFF FOR ELECTION
Thierry Ogier |
Brazilian customs officers, whose strike and work-to-rule protests have severely disrupted trade, lo
ARAB GULF OFFICIALS DRAFT COMMON CUSTOMS LAW
JOC Staff |
Officials from Gulf Arab states have drafted a proposal for a long-planned unification of custom tar
Maritime
BIG CZECH BANKS STRUGGLE TO SECURE FOREIGN LOANS
JOC Staff |
The big Czech banks are having difficulty gaining loans from abroad, a frequent source of financing
Maritime
JAPAN BANKS SURRENDER 16 HONG KONG LICENSES
JOC Staff |
Since September 1997, Japanese banks gave up a total of 16 bank licenses in Hong Kong, a Hong Kong M
Maritime
DSR-SENATOR, TMM OPT FOR INDEPENDENCE, QUIT TACA
Paul Richardson |
Germany's DSR-Senator Lines GmbH and Transportacion Maritima Mexicana Wednesday told the Trans-Atlan
STB FACES 3 MORE APPEALS AGAINST CONRAIL DEAL
Rip Watson |
Three more appeals have been filed to challenge portions of the Surface Transportation Board's July
NOL EXPECTS LOSS TO NARROW BY YEAR-END
P.T. Bangsberg |
Everyone knows that the shipping business is hurting, but the parent of American President Lines stu
AMR TO SELL NON-CORE BUSINESSES
JOC Staff |
AMR Corp., parent of American Airlines, the second-largest U.S. air carrier, said it will sell a cor
LEVI STRAUSS EUROPE TO CLOSE PLANTS, CUT JOBS
JOC Staff |
Levi Strauss Europe, the European subsidiary of U.S. blue jeans maker Levi Strauss & Co., said it wo
Maritime
AMBER ENERGY REJECTS HOSTILE BID FROM ALBERTA ENERGY
Jeffrey Jones |
Canadian heavy oil producer Amber Energy Inc. served notice this week that it plans to fight Alberta
API WEEKLY REPORT
JOC Staff |
Thousands of BarrelsWeek Week Week Ended Ended Ended9-25
ECONOMICS TOP JAPAN, EU AGENDA
Bridge News |
Japan and the European Union will hold minister-level talks this month, addressing economic issues r
ASIAN TROUBLES LIKELY TO EASE IN '99, IMF SAYS
Richard Lawrence |
The Asian financial crisis is expected to bottom out in the first-half of next year with a number of
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Sept. 30, 1998Prevailing sellers' posted prices at the close of business, represen
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