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BRIEFS
From Wire and Staff Reports |
DUTCH ING SEEKSUS LIFE INSURERAMSTERDAM - Dutch financial services provider ING Groep is rea
AGENCY EXPECTS GLOBAL OIL DEMAND TO INCREASE
John Zarocostas |
Global oil demand is projected to increase by 1.7 million barrels a day in the third quarter to reac
CHINA GETS JUMBO BOX SERVICE FROM DHL
Journal Of Commerce Special |
DHL Worldwide Express has launched its Jumbo Box service in China.Initially introduced in Au
ROCHE GROUP SAW SALES IN FIRST HALF INCREASE OVER 1997
Journal Of Commerce Special |
Switzerland's Roche Group announced Friday a 41 percent increase in consolidated sales in the first
CANAL SPENT $12 MILLION TO OVERCOME EL NINO
Michele Labrut |
The Panama Canal spent $12 million to counter the consequences of the drought caused by El Nino, sai
SLATER ASKS EU TO MIND EXISTING AVIATION PACTS
Reuters |
Transportation Secretary Rodney Slater called on European authorities to respect aviation agreements
"K' LINE, YANG MING RESTRUCTURE ASIA-EUROPE RUNS \ CHANGES WILL MAKE BETTER USE OF CAPACITY
Paul Richardson |
Japan's Kawasaki Kisen Kaisha Ltd. (''K'' Line), and Taiwan's Yangming Marine Transport Corp. will r
TRAFFIC STOPPED AFTER YANGTZE FLOODS
P.T. Bangsberg |
Navigation on China's longest river has been halted in the middle reaches after surging flood waters
COLOMBIAN POLICE COLLAR COCAINE IN CARTAGENA
Kevin G. Hall |
Colombian police, aided by the Mexican and U.S. government, have notched the largest seizure of drug
PICKETS STOP SEATTLE, PORTLAND
Journal Of Commerce Staff |
Members of the International Longshore and Warehouse Union on Monday morning refused to cross picket
OVERNITE WANTS WINNER-TAKE-ALL UNION ELECTION
Gregory S. Johnson |
Overnite Transportation Inc. has thrown down the gauntlet.The company, the fifth-largest hau
TRANSPORTATION STOCK INDEX
Bridge News |
COMPANY PERFORMANCEWeeklyFriday's Percentage P/E 52-Week 52-WeekS
BILLS PAID, CROATIA SHIP SET TO SAIL
Terry Brennan |
Importers with cargo sitting on an arrested Croatia Line vessel in Savannah, Ga., for more than a mo
GROUND CREW STRIKE MAY CLOSE PHILIPPINE AIRLINES
Associated Press |
A strike by ground personnel of Philippine Airlines could force Asia's oldest airline to shut down,
ILA CLERKS AGREE TO COOLING-OFF PERIOD
Michael S. Lelyveld |
Clerks of the International Longshoremen's Association have agreed to a cooling-off period until the
INDEX RISES, BUT STILL LAGS THE DOW
Gregory S. Johnson |
The Journal of Commerce Stock Index rose 0.26 percent to close at 4,609.28 last week, but was outpoi
IN BRIEF
From Wire and Staff Reports |
ENVIROTAINER OPENSLATIN HUB IN MIAMIEnvirotainer Inc., a supplier of temperature-controlled
P/C INSURERS PAID OUT $4.4 BILLION IN FIRST HALF
Wire Reports |
Catastrophe losses rose to a record $3.4 billion for a second quarter for the U.S. property/casualty
INTERNET TECHNOLOGY FRAUGHT WITH PERIL AS WELL AS PROMISE
From Wire Reports |
Internet technology has become the primary focus of business communication, but its use can bring fi
SOUTHWEST AIRLINES: NO GROWTH LIMITS \ PLANE SIZE DOESN'T MATTER IN COMPETITION WITH FEDEX
Russ Banham |
It's not easy for a combination air carrier to position its freight service when its fleet consists
PEOPLE ON THE MOVE
From Wire and Staff Reports |
INSURANCE MARKETINGCOMMUNICATIONS ASSOCIATIONThe group elected Margaret M. Studer, vice pres
THE NEW FREIGHT FASHION: FLEXIBLE CARGO TAILORING
Julian Keeling |
Business, like fashion, runs in cycles. There was the conglomerate craze of the 1970s and the levera
CARRIERS TALK TURKEY
Kathryn Tong |
Steady growth in Turkey's international trade has prompted air cargo companies to expand service the
BRIEFS
From Wire and Staff Reports |
CONOCO, EXXON DECLINECOMMENT ON NIGERIA WELLNEW YORK - Conoco Inc., DuPont's petroleum subsi
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
CROWLEY'S BRENT STIENECKER TO RETIRE CHAIRMAN WILL TAKE ON LARGER ROLE
Peter Tirschwell |
Brent Stienecker, president of Crowley Marine Services and one of the highest-profile maritime execu
Maritime
CARGO WATCH: CHO YANG LINE \ KEY MOVEMENTS IN20-FOOT OCEAN CONTAINER UNITS
PIERS database. |
Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar Apr May97 97 97 97 97 97
Maritime
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following fuel oil prices are for the week ending July 8, 1998 as supplied by the bunker fuel de
BANGLADESH WANTS THIRD DEEP PORT
N. Vasuki Rao |
Bangladesh is considering a third port to expand capacity and create jobs, Prime Minister Sheikh Has
Maritime
MAERSK UPGRADES DIRECT SERVICE TO SOUTH AFRICA \ LINE LEAVING PARTNERSHIP "TO ENSURE RELIABILITY'
P.T. Bangsberg |
On the heels of its expansion along the African east coast, Maersk Lines is upgrading its service to
Maritime
QINGDAO PORT PLANS QUAY TO EXPAND CAPACITY
P.T. Bangsberg |
China's Port of Qingdao is expected to be the country's third harbor to reach annual capacity of 100
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
844 (July 13, 1998) Previous day - 842The Baltic International Freight Futures Market in Lon
Maritime
ANALYSTS SEE POSSIBILITIES OF CHANGE IN JAPAN
Gordon Platt |
The resignation of Japanese Prime Minister Ryutaro Hashimoto brought a positive response Monday from
EXPORTERS ASK FMC TO PROBE ASIA RATES
Bill Mongelluzzo |
A group of U.S. agricultural exporters, concerned about rising freight rates on goods moving to Asia
OUTSIDER AWAKENS CARGO AIRLINES TO NEED FOR CHANGE
Ian Putzger |
If airlines and freight forwarders succeed in building a new system to move cargo more swiftly and r
FREIGHT RATE FUTURES
JOC Staff |
July 13, 1998Baltic International Freight Futures Market Prev.Close High Low
Maritime
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker Rate Schedule RevisedRS: American Tanker Rate Schedule<
Maritime
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGSEAMEN'S CHURCH INSTITUTE. New York. Water Street Gallery exhibits paintings by 20 ma
Maritime
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of July 13, 1998Quotations are based on prices reported in the market or obtained from su
WHEAT CROP SOARS AS COTTON SHRIVELS
Charles Abbott |
U.S. farmers will reap a larger-than-expected wheat crop this year, the second in a row, the governm
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