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DAILY PETROLEUM PRICES
JOC Staff |
Thursday Aug. 20, 1998Prevailing sellers' posted prices at the close of business, representi
5,000 POUNDS OF COCAINE NABBED ON SHIP
Kevin G. Hall |
More than 5,000 pounds of cocaine have been seized from a container aboard a vessel arriving at the
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
JAPANESE TRADE SURPLUS CLIMBS
Edwina Gibbs |
Japan's trade surplus recorded another hefty jump in July, climbing to 1.3 trillion yen ($9.0 billio
FREIGHT RATE FUTURES
JOC Staff |
Aug. 20, 1998Baltic International Freight Futures Market Prev.Close High Low
Maritime
TRADELEADS
The following tradeleads appear exclusively in print in The |
OFFERS TO BUY* FURNITURE, HOUSEWARES, HANDICRAFTS. Seeking reliable suppliers of furniture,
Maritime
CONRAIL GOES OUT OF BUSINESS TOMORROW \ SHIPPERS WON'T BE ABLE TO DETECT CHANGE FOR AWHILE
Rip Watson |
Today marks the final business day for Conrail Inc. as a major railroad before the door opens to a n
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Aug. 20, 1998No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 24
MEXICO-US TRUCK TALKS TO GO ANOTHER ROUND
Kevin G. Hall |
Mexico, after first calling for high-level Nafta talks and possible arbitration to resolve long-runn
A STRIKE BEGINS IN SANTOS AS ONE ENDS
Thierry Ogier |
Dockworkers at the Port of Santos have resumed work after bringing the country's international conta
CUSTOMS CHEERS LANDMARK EXTRADITION \ IMPORTERS CRITICIZE ANTI-TRANSSHIPMENT STRATEGY
Paula L. Green |
It began with the allegedly illegal importation of more than $100,000 worth of Chinese blouses the d
JOBLESS RATE LOW DESPITE ASIA SLOWDOWN
Associated Press |
Despite the Asia-induced slowdown in the U.S. economy, the nation's unemployment offices are finding
QUOTE TO NOTE
Ray Kelly, Customs commissioner. |
'Our No. 1 challenge is to counter drugs coming into the country.'
Maritime
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of August 19,1998Quotations are based on prices reported in the market or obtained from s
BRIEFS
From Wire and Staff Reports |
ATA LAUNCHES TRUCKDRIVER FATIGUE RESEARCHWASHINGTON - The American Trucking Associations has
BRITISH AIRWAYS TO ISSUE WARNINGS TO UNRULY PASSENGERS
Associated Press |
CANBERRA, Australia - British Airways will issue hooligan passengers with soccer-style yellow warnin
UP SEES END TO CONGESTION BY LABOR DAY
Rip Watson |
Union Pacific Railroad's most stubborn area of congestion - Southern California - should be relieved
QUOTE TO NOTE
Lee Price, Chief economist, U.S. Department of Commerce. |
'We expect a continued deterioration in our trade balance with Asia.'
Maritime
GROUPS HIT RULING ON STAFF LAWYER USE
From Wire Reports |
An Indiana state court ruling that disqualified an insurance company from using a staff attorney to
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
LOOK, NO PAPER: BILLS OF LADING GO ELECTRONIC
Aviva Freudmann |
Bills of lading, the documents that represent ownership of goods shipped at sea, are about to enter
RICHARDSON SWORN IN AS ENERGY SECRETARY BUT ALSO KEEPS UN AMBASSADOR JOB
Associated Press |
U.N. Ambassador Bill Richardson takes over as energy secretary on Monday.Mr. Richardson was
JOHN MCMULLEN JUST WON'T QUIT
Tom Baldwin |
John J. McMullen, in his 80th year, is thinking of starting a new career.The shipping and sp
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Aug. 19, 1998Baltic International Freight Futures Market Prev.Close High Low
Maritime
MEXICO TO ENFORCE LABEL LAW ON SHOES
Mary Sutter |
In another attempt to hold back imports from Asia and other low-cost countries, Mexico is vowing to
Maritime
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGAssociation of Ship Brokers and Agents. Applications for home study course, the ''Bas
Maritime
OIL DEAL A BOOST FOR REPUBLIC
Canute James |
The merger of U.S. oil company Amoco and British Petroleum will give a fillip to the emergence of Tr
SAGGING COAL PROFITS PROMPT CHEVRON TO SELL MINING UNIT
Reuters |
Chevron Corp., following in the footsteps of its big oil rivals, said Tuesday it is exiting the coal
US URGED TO INTERVENE IN CANADA
Courtney Tower |
As the anemic Canadian dollar falls out of bed and down the stairs, a leading banker says it is time
QUESTION OF PRIVACY: APPROPRIATE AND INAPPROPRIATE WEB RELATIONS
Alan Abrams |
By now, you've probably heard about Bill Clinton going on television and pleading with the nation to
BRIEFS
From Wire and Staff Reports |
AUSTRALIAN GROWTHNOW MODERATE, BANK SAYSSYDNEY - The Reserve Bank of Australia said the econ
Maritime
LLOYD'S PLANS NEW DIRECT DATA LINK \ SERVICE TO CUT COSTS OF INFORMATION EXCHANGE
From Wire Reports |
Lloyd's of London said it is introducing a data exchange service in October that will supply a direc
API WEEKLY REPORT
JOC Staff |
Thousands of BarrelsWeek Week Week Ended Ended Ended8-14
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - August 18, 1998PREV. LIFE OF CONTR. OPENOPEN HIGH
SRI LANKA EXPORTS GROW, CONTRASTING TRADE IN INDIA \ 18.5 PERCENT GROWTH IN TEA SALES PROVIDES PUSH
N. Vasuki Rao |
Tiny Sri Lanka has reported a 9 percent growth in exports to $2.2 billion for the first six months.
Maritime
PHILIPPINES PLANS DEFICIT SPENDING
Bridge News |
The Philippines will resort to deficit spending this year in an effort to avoid a recession, Finance
Maritime
PEOPLE ON THE MOVE
From Wire and Staff Reports |
LASALLE RE HOLDINGS INC.The company announced the following promotions: Mark C. Stockton nam
SHIPPERS LET VENDORS MANAGE THE STOCK WAL-MART'S SUPPLIERS SHARE IN DATABASES
Bill Mongelluzzo |
A growing number of shippers, following the lead of retailing giant Wal-Mart Stores Inc., are lettin
AIR CANADA PILOT STRIKE LOOMS \ ACTION COULD COME WITHIN 2 OR 3 WEEKS
Robert Melnbardis |
A strike by pilots at Canada's largest airline, Air Canada, is looming after talks on a new contract
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