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VW AND TRADE UNION REACH COMPREHENSIVE DEAL ON WAGES
Reuters |
Volkswagen AG and the IG Metall trade union said Wednesday they reached a comprehensive wage deal th
Maritime
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of June 25, 1997Quotations are based on prices reported in the market or obtained from su
HOUSE PANEL OKS BILL TO EASE ENCRYPTION CURBS
Michael S. Lelyveld |
A bill to ease curbs on exports of encrypted software won speedy approval from a House trade panel l
Maritime
HONG KONG WANTS CHINA TO HAVE PERMANENT MFN
P.T. Bangsberg |
If Congress had been looking for a suitable gift to Hong Kong on occasion of its change to Chinese s
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeJune 25, 1997 *Brent Crude Oil - (Dollars Per Barrel)
BRIEFS
From Wire and Staff Reports |
REPUBLICANS PROPOSEMALPRACTICE LIMITSWASHINGTON - Two years ago President Clinton vetoed Rep
HIGH COURT REJECTS REVIVAL OF ASBESTOS CASE
From Wire Reports |
The Supreme Court has refused to revive a $1.3 billion settlement that would have resolved hundreds
INSURANCE PRIVATIZATION PLAN IS DECLARED UNLAWFUL IN RUSSIA
John Helmer |
A plan by the Russian government to privatize Rosgosstrakh, the state-owned insurance company, has b
ISLAND NATION'S LEADER CITES THREAT OF GLOBAL WARMING AT EARTH SUMMIT
Associated Press |
A rising level of the seas, thought to be from faster melting of glaciers and the polar ice caps bro
HOUSE COMMITTEE GETS BANK, INSURANCE ADVICE \ ILLINOIS BUSINESS REPS OUTLINE STATE APPROACH
Margo D. Beller |
A House subcommittee dived into the issue of regulating bank insurance products, hearing Tuesday how
RENEWAL OF CHINA MFN PLEASES FARM GROUPS
Stephanie Nall |
Agricultural commodity groups breathed a sigh of relief after the House refused to suspend China's t
US SEEMS TO BE SHIFTING AWAY JUST A BIT FROM "OPEN SKIES' DEMANDS WITH JAPAN
Michele Kayal |
The term ''open scheme'' seems to have crept into the U.S. lexicon of air service talks with Japan,
AFTER ROLLER-COASTER 4 YEARS, ENVOY EXITS MEXICO POST
Kevin G. Hall |
James R. Jones, a former head of the American Stock Exchange and a former House Budget Committee cha
Maritime
WHEN LESS IS MORE \ SHIPPERS FIND FEWER PROVIDERS CAN DO THE JOB MORE EFFICIENTLY
Patricia B. Demetrio |
As U.S. multinational shippers have grown over the years, both in terms of products they sell and th
BRIEFS
From Wire and Staff Reports |
MORE MONEY IS SOUGHTFOR AIRPORT IMPROVEMENTWASHINGTON - The House transportation appropriati
FREIGHT RATE FUTURES
JOC Staff |
June 25, 1997Baltic International Freight Futures Market Prev.Close High Low
BRIEFS
From Wire Reports |
INDIA TO CUT TIMETABLEFOR LIFTING IMPORT CURBSNEW DELHI - India will agree to a shorter time
Maritime
CASPIAN PIPELINE SAFER, "GREENER'
Bridge News |
A new pipeline section deep under the Volga River is one of a range of environmentally friendly meas
US FIRMS SLAPPED WITH FRUCTOSE DUTIES
Kevin G. Hall |
Major U.S. agribusiness companies have been slapped with sharp compensatory duties in Mexico, after
PORT OF VANCOUVER TERMINAL OFFICIALLY OPENS FOR BUSINESS
Alison Bate |
Canada's largest port officially opened its newest container terminal Wednesday.The US$162 m
ENVIRONMENTAL GROUP PUTS HEAT ON CALIFORNIA PORTS
Bill Mongelluzzo |
A California environmental group is calling for Draconian measures to reduce diesel emissions from o
YELLOW OFFERS FULL BOXLOAD SEA SERVICE TO EUROPE, ASIA
Journal Of Commerce Staff |
Yellow Freight System Inc., one of the largest trucking companies in the United States, is using oce
OMI PLANS TO ACQUIRE MTL \ PRINCIPLES OF DEAL HAVE BEEN APPROVED
Bridge News |
OMI Corp. said it reached an agreement in principle to acquire Marine Transport Lines.The pr
ANDEAN COMMUNITY URGES UNITY
Bridge News |
Andean Community foreign ministers opened their meeting Wednesday with a call for unity and increase
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGExport Documentation, Procedures and Letters of Credit. Seminars in July and August s
PEOPLE ON THE MOVE
From Wire and Staff Reports |
RYDER SYSTEM INC.Vicki A. O'Meara was named executive vice president and general counsel of
FCC CHIEF: INDIA NEEDS UNIFIED OVERSIGHT BODY
N. Vasuki Rao |
India should look at combining telecommunications and broadcasting regulators in a single body, U.S.
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
GASOLINE PRICES
JOC Staff |
June 25, 1997RESELLER RACK Unleaded Mid- Premium-Unle
SPOT COMMODITIES
JOC Staff |
June 25, 1997Included are list prices of suppliers. Quotations do not necessarily represent
BALTIC FREIGHT INDEX
JOC Staff |
1289 (June 25, 1997) Previous day - 1281The Baltic International Freight Futures Market in L
HAPAG-LLOYD IS ASSURED COMPANY WILL STAY INTACT
Janet Porter |
Preussag AG, the German conglomerate that wants to buy a controlling interest in Hapag-Lloyd, has as
COST OF CREDIT
JOC Staff |
Wednesday, June 25, 1997Percentages Per Year INTERNATIONAL INTEREST RATESCanada
CONTAINER PILEUP \ OPERATORS, LESSORS TAKE STEPS TO STEM INEQUALITY IN EQUIPMENT FLOWS
Richard Knee |
Containership operators and container lessors are taking steps to reduce the imbalance in equipment
VALUJET'S FINANCE CHIEF SAYS PROFITABILITY IS ON THE HORIZON
Andrew Blum |
ValuJet Airlines Inc. is hoping for profit in the third quarter as it continues to recover from a cr
SHIP LINES SHRUG OFF BOX PRICE MOVE \ CHINA'S INCREASE HASN'T HURT MUCH _ SO FAR
Richard Knee |
Shipping lines seem unfazed by a recent 10 percent jump in Chinese container prices after Beijing se
ATTENDEES DISCUSS SHIP FINANCING AT ANNUAL FORUM
Alan Gersten |
Rolf Wikborg said Wednesday that the 8th Annual Ship Finance Forum was appropriately meeting on Park
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 25, 1997No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 27
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday June 25, 1997Prevailing sellers' posted prices at the close of business, represent
BRIEFS
From Wire Reports |
CLINTON ANNOUNCESNEW US CLEAN-AIR RULESNASHVILLE - President Clinton said Wednesday he had a
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