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NEW YORK BILL WOULD ENCOURAGE INSURERS TO SETTLE IN GOOD FAITH
Associated Press |
A bill has been introduced in the New York Legislature to make insurance companies pay legal fees in
LYKES CHIEF URGES MARAD TO REJECT CALL FOR CP DEAL REVIEW
Tim Sansbury |
To delay is to kill, the president of Lykes Bros. Steamship Co. said Friday in a letter urging the M
BRIEFS
From Wire and Staff Reports |
FORMOSA PLASTICS PLANSSECOND PLANT IN USTAIPEI - Taiwan's petrochemical giant Formosa Plasti
MAJOR GAINS AND DECLINES IN CARLOADINGS \ THREE WEEKS ENDED MAY 3, 1997, VS. SIMILAR 1996 PERIOD
Adapted from Weekly Railroad Traffic, Association of American |
Cars CarsLoaded Loaded Change Railroad Category 1
TRADELEADS
The following trade leads appear exclusively in print in The |
Offers to buy* LENTILS, BEANS & PULSES. Pulses, red whole & split lentils, chick peas & gree
Maritime
COST OF CREDIT
JOC Staff |
Friday, May 9, 1997Percentages Per Year INTERNATIONAL INTEREST RATESCanada U.
PARALLEL MARKET \ FOREIGN EXCHANGE RATES*
Currency Data & Intelligence Inc., New York. |
As of April 30, 1997Parallel Market Foreign Exchange Rates are based on unofficial, non-docu
BRIEFS
From Wire and Staff Reports |
SHIPSSIZE OF NORWEGIANMERCHANT FLEET SWELLSOSLO - The size of the Norwegian-
APL OPENS MAMMOTH BOX TERMINAL AT LOS ANGELES
Bill Mongelluzzo |
The nation's largest proprietary container terminal, the 230-acre American President Lines terminal
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100%) is as follows
BRIEFS
From Wire Reports |
CANADIAN FINDS OILOFF WESTERN AUSTRALIACALGARY - PanCanadian Petroleum Ltd. said it has made
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 9, 1997No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 27.7
CHINA, GERMANY TO STUDY CONVERTING COAL TO FUEL OIL \ PROPOSED PLANT WOULD BE FIRST OF ITS KIND
P.T. Bangsberg |
China is proposing to build what's billed as the world's first plant to convert coal directly into c
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of BRIDGE News, (formerly |
GLOSSARY:AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
AFL-CIO HAVING SECOND THOUGHTS ON EX-IM BANK
Tim Shorrock |
Stung by the outsourcing of U.S. jobs and recent moves by U.S. multinationals to expand the foreign
HK TELECOM SALE RATTLES THE MARKET \ CHINESE POWER STRUGGLE SUGGESTED
P.T. Bangsberg |
A buzz of anticipation about the future of Hong Kong's main telecommunications company ended with a
Maritime
FREIGHT RATE FUTURES
JOC Staff |
May 9, 1997Baltic International Freight Futures Market Prev.Close High Low
BRIEFS
From Wire and Staff Reports |
UAW SEEKS TO REPRESENTFEDEX DISTRICT'S LABORDETROIT - The United Auto Workers has petitioned
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Friday at 248.08 up 1.47 whi
SENATORS PUSH TO AX ENERGY
Patrick Kelly |
U.S. Republican lawmakers last week renewed their effort to abolish the U.S. Energy Department, call
TENKE MINING, ZAIRE REBELS STRIKE ACCORD
Associated Press |
A Canadian mining company is putting $50 million down on a copper and cobalt contract that could hel
ASIAN SHIPOWNERS FOCUS ON HULL INSURANCE ISSUE
P.T. Bangsberg |
Insurance will be the focal point as Asian shipowners gather in Singapore today for the sixth time a
LA COMPLEX EXCELS AT EFFICIENCY
Bill Mongelluzzo |
Waterfront employers in Southern California may complain about the cost of longshore labor, but a st
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, May 17, 1996 - May 9, 1997 (a graph)* An
BRIEFS
From Wire and Staff Reports |
THAI FIRM TO BUY STAKEIN 2 ELECTRONICS PROJECTSBANGKOK - Thai electronics concern Alphatec G
Maritime
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 9, 1997Quotations are based on prices reported in the market or obtained from supp
BNSF TO ACQUIRE 405 NEW LOCOMOTIVES WITHIN THREE YEARS
Rip Watson |
Burlington Northern Santa Fe Railway, in a bid to avoid a recurrence of recent locomotive shortages,
FRANCE'S GAN: WE'RE READY FOR PRIVATIZATION
Grog Smosarski |
French state insurer GAN, and its banking subsidiary CIC, are ready to be privatized, Didier Pfeiffe
SPOT COMMODITIES
JOC Staff |
May 9, 1997Included are list prices of suppliers. Quotations do not necessarily represent pr
AUSTRALIAN UTILITY FINDS AN OUTLET IN VIETNAM POWER GRID \ FIRM HOPES UPGRADE SPURS FUTURE DEALS
Ron Corben |
An Australian utility undertaking a $20 million upgrade of one Vietnamese power grid sees it as a po
BRIEFS
From Wire and Staff Reports |
BMW, CHRYSLER TOUTJOINT BRAZILIAN VENTURECURITIBA, Brazil - BMW AG and Chrysler Corp. will l
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
JOURNAL OF COMMERCE - FAST FACTS \ US TRADE BALANCE: LUMBER, TILE, GLASS, CEMENT
Bureau of Economic Analysis |
No text.
SOUTH KOREA WILL NOT TARGET IMPORTED GOODS
Wire And Staff Reports |
South Korea, yielding to mounting pressure from its trading partners, vowed on Friday not to discrim
GLOBAL AIR GROUP ASKS THAT WASHINGTON DEFER FEES ON CARRIERS USING US AIRSPACE
John Zarocostas |
The head of the International Air Transport Association is urging the Clinton administration to defe
BRIEFS
From Wire and Staff Reports |
MEXICO SAYS COMPANYMAY OFFER INSURANCEMEXICO CITY - Mexico's finance ministry has authorized
BALTIC FREIGHT INDEX
Journal of Commerce |
May 9: 1275
LEIF HOEGH, SAFMARINE SEAL REEFER ALLIANCE DEAL
Janet Porter |
A powerful new player has been created in the refrigerated cargo trades following the completion of
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeMay 9, 1997 *Brent Crude Oil - (Dollars Per Barrel)
BRE-X SACKS KEY OFFICER, FILES FOR BANKRUPTCY PROTECTION
Associated Press |
Bre-X Minerals, the Canadian mining company whose stock was destroyed by revelations that its gold s
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