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BALTIC FREIGHT INDEX
JOC Staff |
1452 (May 8, 1996) Previous day - 1457The Baltic International Freight Futures Market in Lon
TRANSPORTATION CALENDAR
JOC Staff |
MAYS.O.S. SAFETY ON SHIPS. Through Dec. 30. New York. Exhibit on New York's maritime tragedi
COST OF CREDIT
JOC Staff |
Wednesday, May 8, 1996(Percentages Per Year) INTERNATIONAL INTEREST RATESCanada
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeMay 8, 1996 Brent Crude Oil - (Dollars Per Barrel)
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - May 8, 1996Prev. Life of Contr. Open Open High Low
MALAYSIAN SHIP LINE CHARTS NEW COURSE
P.T. Bangsberg |
Malaysia's national maritime carrier, struggling to shore up its bottom line, is expanding and diver
SOME BANKS WANT LYKES LIQUIDATED
Steve Huettel |
A federal bankruptcy court Wednesday was pondering a request by several banks to liquidate Lykes Bro
OOCL TO OFFER SERVICE BETWEEN JAPAN, TAIWAN
P.T. Bangsberg |
By definition, niche markets are small, but they can offer lucrative potential if properly exploited
MEXICAN OFFICIALS UNVEIL NEW INDUSTRIAL POLICY
Kevin G. Hall |
In the last year of Carlos Salinas de Gortari's term as president, commerce officials blanched at th
Maritime
QUOTE TO NOTE
Don Allen, President of Transport Maritime Association, |
''The industry says we'll go out of business in two weeks. We'll be a trucking company in two weeks.
Maritime
SHIPBUILDING SUBSIDY BILL CLEARS SENATE COMMITTEE
Tim Sansbury |
In an atmosphere of urgency and with bipartisan support, the Senate Finance Committee Wednesday appr
BRIEFS
From Wire and Staff Reports |
COTE D'IVOIRE NEW CROPCOCOA SALES ESTIMATEDNEW YORK - The Cote d'Ivoire is believed to have
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 8, 1996Quotations are based on prices reported in the market or obtained from supp
PROJECT CONTRACT AWARDS \ ASIAN DEVELOPMENT BANK \ GOODS, WORKS, SERVICES
JOC Staff |
PT Momea CitraConsultantIndonesiaAmount of contract: $241,483Contract descri
Maritime
EARNINGS
From Wire and Staff Reports |
EQUITABLE EARNINGSUP IN FIRST QUARTERThe Equitable Cos. Inc. of New York said after-tax net
SERIOUS SHIP ACCIDENTS ROSE IN FIRST QUARTER
Janet Porter |
The number of serious ship accidents worsened significantly during the early months of this year, re
MANY SHIPS COULD SAIL SEAWAY, BUT FEW DO SO
Paul F. Conley |
More than four of every 10 ships in the world could sail the narrow widths of the St. Lawrence Seawa
GASOLINE REPEAL DRIVE COULD SAVE CARRIERS $4 BILLION ON THEIR TAXES
Tom Connors |
Take away the gasoline tax and the transport industry could see its payments to Uncle Sam shrink by
NERVES FRAY AS TRANSFER OF COLONY APPROACHES
Linda Chong |
Planning a party can be tough, especially when the whole world is watching, the co-hosts are Britain
BEER: US WATERBORNE IMPORTS
Compiled by the Journal of Commerce from database of Port |
No text.
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday May 8, 1996Prevailing sellers' posted prices at the close of business, representin
US URGED TO PRESERVE CHINA'S MFN TRADE STATUS
Journal Of Commerce Staff |
Hong Kong Gov. Christopher Patten urged Wednesday that the United States preserve China's ''most-fav
BRIEFS
From Wire and Staff Reports |
IMF RENEGOTIATIONINEVITABLE, BANK SAYSBUENOS AIRES - Argentina's Banco Republica contends th
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 8, 1996No. 4/ No. 6/ No. 6/1% 1% 0.5%Buc
BRIEFS
From Wire and Staff Reports |
ENDING MFN FOR CHINAA DANGER, GROUP SAYSHONG KONG - The American Chamber of Commerce in Hong
Maritime
MERGER WILL CREATE LARGEST US PRODUCER OF PROCESSED OIL FAT
Coco Kubota |
Mitsui & Co., a leading Japanese trading company, said Wednesday its affiliate will become the large
Maritime
SPOT PRODUCT PRICES
JOC Staff |
May 8, 1996U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
TURKEY WANTS RUSSIA TO CUT OIL EXPORTS THROUGH BOSPORUS
Knight-Ridder Financial |
Turkey would like Russia to consider alternative ways of transporting Caspian oil, bypassing the Bla
TWO JOIN TO MINE GOLD IN CHILE
Knight-Ridder Financial |
Homestake Mining Co. said Wednesday it will form a company with the Chilean state-owned Corporacion
TEXAS REGULATOR ORDERS END TO DOUBLE ROUNDING \ ALLSTATE, FARMERS TARGET OF LAWSUIT
Associated Press |
Texas Insurance Commissioner Elton Bomer has demanded that Allstate and Farmers stop using a double-
PEOPLE ON THE MOVE
From Wire and Staff Reports |
ATLAS AIR INC.Mickey P. Foret was named president of this air cargo carrier, effective June
BRIEFS
From Wire and Staff Reports |
AIRTHAILAND, US SIGNAVIATION AGREEMENTBANGKOK - The United States and Thaila
FREIGHT RATE FUTURES
JOC Staff |
May 8, 1996Baltic International Freight Futures Market Prev.Close High Low
CLINTON ORDER BLOCKS POTENTIAL RAIL STRIKE
Journal Of Commerce Staff |
President Clinton Wednesday signed an executive order creating an emergency board to block a potenti
EU BLOCKS US CALL FOR TRADE PANEL TO DIGEST HORMONE-TREATED BEEF ISSUE
John Zarocostas |
The European Union Wednesday blocked a U.S. request to create a trade panel on hormone-treated beef.
Maritime
IDAHO DECLARES WAR ON UNDERCHARGE CLAIMS
Gregory S. Johnson |
Idaho, already warning traffic managers not to pay undercharge claims, is asking U.S. Attorney Gener
EAST VS. WEST: CAPACITY STILL RULES THE WAVES \ DEMAND SUSTAINS HIGH WESTBOUND PRICES
WILLIAM DiBENEDETTO |
Ocean carriers moving goods from the United States to Asia are making recent rate increases - partic
STAKES GROW IN LA-LONG BEACH TRUCKER UNIONIZATION STANDOFF
Bill Mongelluzzo |
It has taken the threat of unionization in an adamantly anti-union industry to bring about the two t
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, May 12, '95, - May 8, '96 (a graph)(2)DA
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,300-$1,500 per ton lots
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