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SHIP SALE REPORT

Shipping Intelligence Inc. and Knight-Ridder Futures Center |
RECENT VESSEL SALESSale Date Vessel Year Price

MORE US COURT ACTION ADDS TO LLOYD'S WOES \ TWO BRIEFS AND A SUIT ARE FILED IN CALIFORNIA

HELEN R. MacLEOD |
Fresh court action over Lloyd's of London and its operations in the United States continued to threa

BRIEFS

From Wire and Staff Reports |
DAMES & MOORE BUYSSHARE IN QUAKE FIRMLOS ANGELES - Dames & Moore, international environmenta

BRIEFS

From Wire and Staff Reports |
G-7 TO ADOPT ACTION PLANAGAINST ILLICIT FUNDSThe world's seven leading industrialized countr
Maritime

CHURCH INSURERS FEEL HEAT OF ARSONS

Margo D. Beller |
Patrick Moreland won't call himself blessed, but his company has been lucky.Few of the more

OXFAM BLASTS AMAZON PROJECT FUNDED BY THE WORLD BANK

Reuters |
British aid agency Oxfam has blasted an Amazon environmental protection project funded by the World
Maritime

CRYING CULINARY HERESY, PARISIANS ATTACK THE BIG MAC

Associated Press |
Crying cultural and culinary heresy, Parisians launched a food fight Thursday to keep McDonald's Cor
Maritime

BRIEFS

From Wire and Staff Reports |
EU SEEN ON TRACKTO BRITISH BEEF PACTFLORENCE, Italy - EU Commission President Jacques Santer
Maritime

JAPAN FINALLY AGREES TO DISCUSS EXTENSION OF SEMICONDUCTOR PACT

John Maggs |
With barely a month to go before the expiration of a landmark agreement with the United States on se
Maritime

PROJECTS IN THE PIPELINE \ WORLD BANK

Development Business, United Nations |
The bank's project cycle involves five stages: Identification, Preparation, Appraisal, Negotiation a
Maritime

EXPORTERS SAY THEY'LL OUTSTRIP DOMESTIC SELLERS

Reuters |
Trade squabbles apparently don't worry the leaders of America's fastest-growing companies.Th
Maritime

VIETNAMESE ECONOMY AT A CROSSROADS

Reuters |
If reformers get their way at this month's landmark Communist Party congress, Vietnam will pedal har
Maritime

APRIL IMPORTS, SEASONALLY ADJUSTED

U.S. Census Bureau tables, adapted by Paul Schaffer. |
Vs. Vs. Vs. Vs.Value Prior 2 Mos. 1995 1994 Mil. $ Mo. Back
Maritime

WTO PANEL TO INVESTIGATE US COMPLAINT AGAINST CANADA

Journal Of Commerce Special |
The World Trade Organization this week agreed to establish a dispute panel to examine a U.S. complai
Maritime

APRIL 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
Maritime

KEY CALIFORNIA LAWMAKERS REACH ACCORD ON FRAMEWORK FOR QUAKE INSURANCE POOL

Ron Lent |
Key California Legislature leaders reached agreement Wednesday night on ''the framework'' of legisla

INSURER TAKES SHIPOWNERS TO TASK OVER POORLY STOWED BOXES

Janet Porter |
The world's largest insurer of shipowners' liabilities is complaining about the high level of claims

GREAT AMERICAN INSURANCE

From Wire and Staff Reports |
John R. Miner has been promoted to divisional senior vice president in the personal lines division.

FLORIDA JUA CLEARS 2 INSURERS TO TAKE HOMEOWNER POLICIES

Associated Press |
Two Florida insurance companies have joined the list of private companies taking homeowner policyhol

PENNSYLVANIA SET TO ADOPT WORKERS COMP CHANGES

From Staff And Wire Reports |
After a lengthy fight that ran into the early morning, the state Legislature agreed to sweeping chan

GREENSPAN WINS SENATE VOTE FOR 3RD TERM AS HEAD OF FED

Tom Connors |
The Senate overwhelmingly endorsed a third term for Alan Greenspan as Federal Reserve Board chairman

WOOD PULP: US WATERBORNE EXPORTS

Compiled by the Journal of Commerce from database of Port |
No text.

FREIGHT RATE FUTURES

JOC Staff |
June 20, 1996Baltic International Freight Futures Market Prev.Close High

BALTIC FREIGHT INDEX

JOC Staff |
1241 (June 20, 1996) Previous day - 1249The Baltic International Freight Futures Market in L

SHIP FIXTURE BREAKDOWN

Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule

NEW HAVEN RESIDUAL FUELS

JOC Staff |
June 20, 1996No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 29

GASOLINE PRICES

JOC Staff |
June 20, 1996RESELLER RACK Unleaded Mid- Premium-Unle

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, June 23, '95, - June 20, '96 (a graph)*

SPOT PRODUCT PRICES

JOC Staff |
June 20, 1996U.S. spot oil product price indications, sellers range, in cents per gallon, f.

SPOT METALS PRICES

JOC Staff |
Commercial QuantityAluminum ingots_ $1,300-$1,500 per ton lo

EXPORTS AND GENERAL IMPORTS _ SELECTED COMMODITY GROUPINGS \ (CENSUS BASIS _ IN MILLIONS OF DOLLARS)

U.S. Commerce Department |
April 1996 March 1996 Cumulative 1996EXPORTS IMPORTS EXPORTS IMPORTS

OECD NATIONS GROWING UNEMPLOYMENT A WORRY

Reuters |
The U.S. economy is growing robustly; Japan economy is rebounding, and Europe could join them with a

CHEMICAL PRICES

Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of June 20, 1996Quotations are based on prices reported in the market or obtained from su

US OFFICIALS HIT JAPAN FOR CURBING CONSTRUCTION PACTS \ 5UCCESS IS LIMITED FOR FOREIGN COMPANIES

Tim Shorrock |
Secretary of Commerce Mickey Kantor has another Japanese trade problem on his hands, this time invol
Maritime

SPOT COMMODITIES

JOC Staff |
June 20, 1996Included are list prices of suppliers. Quotations do not necessarily represent

QUOTE TO NOTE

Gerald Greenwald, Chairman, United Airlines. Warning that |
''What happens in the aviation sector will trigger a ripple effect, for good or for ill, through the
Maritime

NEW HAVEN RESIDUAL FUELS

JOC Staff |
June 19, 1996No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 29

SPOT PRODUCT PRICES

JOC Staff |
June 19, 1996U.S. spot oil product price indications, sellers range, in cents per gallon, f.

NEW YORK OIL FUTURES

JOC Staff |
New York Mercantile Exchange - June 19, 1996Prev. Life of Contr. OpenOpen High L

GASOLINE PRICES

JOC Staff |
June 19, 1996RESELLER RACK Unleaded Mid- Premium-Unle
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