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BRIEFS
From Wire and Staff Reports |
OMNIUM AGENCIESTO CLOSE ITS DOORSNEW YORK - Omnium Agencies Inc., the exclusive North Americ
Maritime
CHINA'S NINGBO UNVEILS SPECIAL WHARF FOR LIQUID CHEMICALS
P.T. Bangsberg |
China's Port of Ningbo near Shanghai Tuesday formally opened a special wharf for liquid chemicals, d
Maritime
TAKEOVER OF APL BLOWS NOL OFF COURSE
P.T. Bangsberg |
The absorption of American President Lines is costing Neptune Orient Lines Ltd. of Singapore more th
SENATORS BLAST AGENCY ON RAIL BACKLOGS
William Roberts |
A group of increasingly impatient U.S. senators are demanding action as the Surface Transportation B
COST OF ECONOMIC STRENGTH
JOC Staff |
The U.S. current account deficit is making some people nervous, but it is not necessarily a bad thin
Maritime
SHIPS FACE LONG DELAYS AT PORT OF MOMBASA
Reuters |
Container ships calling at the East African port of Mombasa are being delayed for around a week by c
Maritime
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of April 1, 1998Quotations are based on prices reported in the market or obtained from su
BALTIC FREIGHT INDEX
JOC Staff |
960 (April 1, 1998) Previous day - 966The Baltic International Freight Futures Market in Lon
Maritime
CANADIAN NATIONAL DEFENDS PERFORMANCE
Gregory S. Johnson |
Canadian National Railway insists it provided adequate service to Canadian grain farmers during the
FORWARDERS: COMMERCE CRACKDOWN TARGETS US \ AGENCY: BEEFED-UP STAFF ENGAGING IN "OUTREACH'
Michael S. Lelyveld |
The Commerce Department calls it outreach, but freight forwarders say they are increasingly becoming
CUSTOMS PROMISES NEW CHIEF WILL BE MORE THAN AN ENFORCER
Bill Mongelluzzo |
Almost two months ago, Raymond W. Kelly, Treasury Department undersecretary and former New York City
GASOLINE PRICES
JOC Staff |
April 1, 1998RESELLER RACK Unleaded Mid- Premium-Unlead Pre
NETHERLANDS TO GRANT CUBA FUNDS FOR CONSTRUCTION OF TWO CARGO VESSELS
Reuters |
The Netherlands will provide Cuba with a grant of 6.8 million Dutch guilders ($3.3 million) to help
SENATE AGAIN DELAYS OCEAN SHIPPING REFORM \ LEGISLATION IS STALLED UNTIL AFTER EASTER
William Roberts |
Legislation that would inject more competition and service options into the international maritime m
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Apr. 16, 1997 - April 1, 1998 (a graph)
BRIEFS
From Wire and Staff Reports |
RELIANCE GROUP OPENSSOUTH AFRICAN UNITNEW YORK - Reliance Group Holdings Inc. has announced
CARGO WATCH: CROWLEY AMERICAN TRANSPORT \ KEY MOVEMENTS IN 20-FOOT OCEAN CONTAINER UNITS
PIERS database. |
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan.96 97 97 97 97
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday April 1, 1998Prevailing sellers' posted prices at the close of business, represent
DHL TAKES A FLIER ON NORTH KOREA, HOPING TO MATCH ITS MONGOLIA SUCCESS
Bruce Barnard |
A logistics contract for the U.S. Army in North Korea seems a little out of the ordinary.But
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - March 31, 1998Prev. Life of Contr. Open Open High Low
API WEEKLY REPORT \ CRUDE OIL STOCKS RISE BY 2.2 MILLION BARRELS
Journal Of Commerce Staff |
U.S. crude oil stocks rose by more than 2 million barrels in the week ended March 27, as compared wi
JAPANESE DOCKERS SCHEDULE STRIKE
Sayoko Tanaka |
The National Council of Dockworker's Unions of Japan is planning a strike April 9-10 at major Japane
Maritime
"K' LINE'S PRINCE SAYS GOODBYE TO INDUSTRY
Gregory S. Johnson |
Theodore Prince, a longtime fixture of the shipping industry, has resigned as senior vice president
EXPORTERS SUFFERING IN BRITAIN, DATA SHOW
Ashley Seager |
Data released on Wednesday confirmed that British exporters are suffering badly from the strength of
ECONOMIC STRENGTH IN US DRIVES DOLLAR UP
Journal Of Commerce Staff |
*Noon Wednesday - The U.S. dollar rose following reports showing continued strength in the U.S. econ
BRIEFS
From Wire and Staff Reports |
FOREIGN INVESTMENT INMEXICO ROSE LAST YEARMEXICO CITY - Foreign direct investment rose 60 pe
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGInternational Logistics Class. San Francisco. Golden Gate University offers summer co
Maritime
EU PUSHES TO OPEN RAIL CARGO SECTOR
Chris Johnstone |
The European Commission is moving to get its strategy for railroads back on track with a suggestion
QUOTE TO NOTE
Ting Ho, Chief economist for worldwide operations, Federal |
'Just because there's no business at the moment and everything is depressed, doesn't mean you should
Maritime
CHINA PLANE SALES TO CANADA ARE ITS 1ST IN AMERICAS \ BEIJING ALSO BUYS RADAR GEAR FROM RAYTHEON
P.T. Bangsberg |
China is cracking the potentially rewarding North American market with its first sales of domestical
Maritime
IN SURPRISE MOVE, GOP PULLS BANK REFORM BILL \ THE CURTAIN CAME DOWN AFTER 2 HOURS OF DEBATE
From Wire And Staff Reports |
House Republican leaders, overcome by GOP defections and resistance from Democrats, abruptly withdre
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Tuesday at 228.89 off 0.83 w
GROUP LIKELY TO DECIDE IN MAY WHEN TO START CASPIAN PIPELINE
Dmitry Solovyov |
The Caspian Pipeline Consortium, which aims to build an oil pipeline from Kazakstan to Russia, is li
DRAMA ON THE DELAWARE: TAKING CARE OF BUSINESS ENDS BATTLE OF PORT OPERATORS
Tom Baldwin |
Peace is breaking out along the shores of the Delaware River, decorated by old forts and military st
Maritime
SPOT PRODUCT PRICES
JOC Staff |
March 31, 1998U.S. spot oil product price indications, sellers range, in cents per gallon, f
RUSSIA: NAMIBIA DEAL WON'T SEVER RELATIONS WITH DE BEERS
Reuters |
A cooperation agreement on diamonds signed by Russia and Namibia will not affect the relations of ei
BRIEFS
From Wire and Staff Reports |
BOSPORUS BRIEFLYCLOSED DUE TO FOGISTANBUL, Turkey - The Bosporus was reopened to sea transit
MARIANAS FACE HARD TIME IN SENATE \ GOVERNOR SAYS "SOME MISCONDUCT' EXISTS
John Maggs |
The Senate this week took a tentative step toward forcing limits on foreign-owned apparel factories
Maritime
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