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DOLLAR GETS KICK IN THE EAST, STRENGTHENS
Bridge News |
The U.S. dollar came roaring back against the Japanese yen Thursday.The dollar began its adv
Maritime
FRENCH RAILWAYS FINED FOR SMOKING BAN LAPSE
Reuters |
A French court Wednesday ordered SNCF state railways to pay two anti-smoking groups $870 each in dam
PEOPLE ON THE MOVE
From Wire and Staff Reports |
AMERICAN INTERNATIONALGROUPEvan G. Greenberg has been elected president as well as chief ope
BALTIC FREIGHT INDEX
JOC Staff |
1291 (May 22, 1997) Previous day - 1288The Baltic International Freight Futures Market in Lo
CALIFORNIA FURNITURE EXPORTS
Maria Carlino |
Stephen Wise recalls the initial perils of exporting U.S. furniture to Asia.He remembers the
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
BRIEFS
From Wire and Staff Reports |
CHEMICAL WEAPONS SALERESULTS IN SANCTIONSWASHINGTON - The Clinton administration Thursday mo
Maritime
EXPORTER INCENTIVES EYED FOR COMPUTER TRADE BILL \ HOUSE SUBCOMMITTEE SEEKS TO RECLAIM TURF
Michael S. Lelyveld |
A key House panel is considering a series of exporter incentives as part of a bill aimed at counteri
Maritime
BRIEFS
From Wire and Staff Reports |
TOYOTA, HONDA DENYAUTO EXPORTS REPORTTOKYO - Toyota Motor Corp. and Honda Motor Co. Thursday
Maritime
LIBERTY MUTUAL SUBMITS BID TO BUY GOLDEN EAGLE \ BOSTON FIRM VIES WITH NEW YORK GIANT AIG
Ron Lent |
Liberty Mutual of Boston this week made a proposal to acquire embattled Golden Eagle Insurance Co.,
A COOL IDEA
Bill Mongelluzzo |
Sea-Land Service Inc. is banking on a new humidity-control technology to increase its market share i
FREIGHT RATE FUTURES
JOC Staff |
May 22, 1997Baltic International Freight Futures Market Prev.Close High Low
SPOT PRODUCT PRICES
JOC Staff |
May 22, 1997U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
BRIEFS
From Wire and Staff Reports |
EX-RAILROAD OFFICIALSENTENCED IN OIL CASEANCHORAGE - A former supervisor for Alaska's White
QUOTE TO NOTE
Tony Hatch, Securities Analyst, NatWest Securities. Commenting |
''Where there is smoke in this industry, there is not always fire, but there definitely is smoke.''<
Maritime
BRIEFS
From Wire and Staff Reports |
AIG SPLITS COMMONSTOCK, BOOSTS DIVIDENDNEW YORK - American International Group has declared
RAIL GROUP APPOINTS "B.' OGLESBY PRESIDENT
Rip Watson |
The Association of American Railroads made it official Wednesday, announcing the appointment of M.B.
MEXICO'S TFM SIGNS CONTRACT WITH NORTHEAST CORRIDOR RAIL WORKERS
Mary Sutter |
Transportacion Ferroviaria Mexicana has signed a new labor contract with the northeast corridor rail
MARITIME GROUPS HONORED AT DINNER
Journal Of Commerce Staff |
The Seamen's Church Institute of New York and New Jersey Thursday honored maritime supporters at its
BALTIC HANDY INDEX
JOC Staff |
1071 (May 22, 1997) Previous day - 1082The Baltic Exchange in London on Tuesdays and Thursda
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of BRIDGE News, (formerly |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
AIR PRODUCTS BUYING ICI UNIT
Journal Of Commerce Staff |
Air Products and Chemicals Inc. said this week it will buy the worldwide ethyl and higher amines bus
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - May 21, 1997Prev. Life of Contr. Open Open High Low
BOEING TO TAKE ON EU IN DEFENSE OF MERGER
Bruce Barnard |
Boeing will go to Brussels next month and defend its acquisition of McDonnell Douglas.The me
PRIVILEGES MAY BE LOST
Richard Lawrence |
Come midnight May 31, U.S. importers will again start paying tariffs on thousands of goods that no
TEXACO MAY TAP TOTAL AS FRENCH REFINING AND MARKETING PARTNER
David Chance |
Texaco Inc. may seek a French partner to shore up its struggling European refining and marketing bus
SHIP SALE REPORT
Shipping Intelligence Inc. and Knight-Ridder Futures Center |
RECENT VESSEL SALESSaleDate Vessel Year Price
TEAMSTERS HALT UPS CONTRACT TALKS, WILL HONOR PICKET LINES
Reuters |
The Teamsters have broken off contract talks with United Parcel Service and will honor picket lines
BRIEFS
From Wire and Staff Reports |
FLOODING LAWSUIT SETTLEDWITH DREDGING COMPANYCHICAGO - The last of one batch of lawsuits res
SEA LAW - PETER D. CLARK \ HULL POLICY COVERAGE IS SUBJECT TO "PERILS OF THE SEAS' INTERPRETATION
Peter D. Clark |
Marine hull insurance affords shipowners protection against physical damage and losses to their ve
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
BRIEFS
From Wire and Staff Reports |
ARCO PLANS OFFSHORE WELLNEAR ALASKAN SANCTUARYANCHORAGE - Arco Alaska Inc. plans to drill cl
PACIFIC BASIN GROUP FAILS TO AGREE ON SERVICES
P.T. Bangsberg |
Members of the Pacific Basin Economic Council failed to reach common ground at their annual meeting
Maritime
EPA UNDER PRESSURE
Arthur Gottschalk |
Federal regulators are under mounting pressure to abandon proposed clean air rules that opponents sa
PEOPLE ON THE MOVE
From Wire and Staff Reports |
A-MARI-TRANSMichael J. Schuller was appointed chief operating officer of this ocean forwardi
MERGED LINE OF P&O, NEDLLOYD POSTS LOSS
Bruce Barnard |
P&O Nedlloyd, the container shipping line, said Wednesday it lost $31 million in its first three mon
FREIGHT RATE FUTURES
JOC Staff |
May 21, 1997Baltic International Freight Futures Market Prev.Close High Low
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
CHINA'S WTO APPROACH NOW IN A HOLDING PATTERN \ NATION WITHHOLDS ANY GESTURES OF TARIFF CUTS
John Zarocostas |
Talks to bring China into the World Trade Organization are at a standstill.According to a co
MARCH EXPORTS, SEASONALLY ADJUSTED
U.S. Census Bureau tables, adapted by Paul Schaffer. |
Vs. Vs. Vs. Vs.Value Prior 2 Mos. 1995 1994 Mil. $ Mo. Back
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