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Commentary
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TRANSPORT EARNINGS EARLY RETIREMENT COSTS DRIVE DOWN UPS INCOME
Wire and Staff Reports |
United Parcel Service, hit by a onetime charge for early retirement, reported a drop in income despi
JAPANESE PRINTERS POST HIGHER 1ST-HALF PROFITS
Reuters |
Major Japanese printing firms Dai Nippon Printing and Kyodo Printing posted higher profits for the f
SINGAPORE JUSTICE IN BARINGS CASE WILL MOVE QUICKLY, LAWYERS SAY
Reuters |
The trial of former Barings futures trader Nick Leeson could be over very quickly, possibly even by
PEMEX CHIEF SEES NATURAL-GAS TRADE EQUILIBRIUM IN MEXICO
Kevin G. Hall |
Mexico enjoys a trade surplus in natural gas, but the opening of the sector to private and foreign i
RICHMOND TO DEDICATE WHARF RENOVATION
JOC Staff |
The Port of Richmond today will dedicate a wharf extension in ceremonies marking the completion of t
Maritime
DOLLAR DIPS AS TRADERS SEE WASHINGTON GRIND TO A HALT
Knight-Ridder Financial |
The U.S. dollar declined slightly Tuesday as traders waited for news on the budget talks in Washingt
SERVICE CUTS WON'T AFFECT MOST US WATERWAYS
Paul F. Conley |
Maritime commerce in the U.S. heartland will be largely unaffected by the reduction in federal servi
SALES MIXED IN HEAVY-TRUCK MARKET
Michael S. Lelyveld |
Freightliner Corp. defended its lead in the heavy-truck market last month, as industry sales turned
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Nov. 14, 1995 Quotations are based on prices reported in the market or obtained from s
EARNINGS
Wire and Staff Reports |
SEDGWICK GROUP'S PROFIT ROSE FOR NINE-MONTH PERIODSedgwick, the London-based insurance broke
A BLOC PUSHED FROM BELOW
Mark Magnier |
As world leaders descend on Osaka this week for the third annual APEC summit, they will try to rise
SOUTH ASIAN TRADE PACT TAKES EFFECT NEXT MONTH
N. Vasuki Rao |
A much-discussed preferential-trading arrangement among seven nations of South Asia will come into f
Maritime
QUOTE TO NOTE THE GOOD OLD DAYS OF OCEAN SHIPPING:
_ Tim Rhein |
"I remember when I started in this business most folks didn't work in the afternoon. They were eithe
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Nov. 14, 1995 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Nov. 14, 1995Brent Crude Oil - (Dollars Per Barrel)
FREIGHT RATE FUTURES
JOC Staff |
Nov. 14, 1995 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
PEOPLE - INSURANCE
Wire and Staff Reports |
RISK CAPITAL REINSURANCE CO. (Greenwich, Conn.) - Charlene A. Heffernan was named vice president of
FINANCING TRADE - GORDON PLATT ENVIRONMENTAL FUND HELPS US COMPANIES SELL EQUIPMENT IN ASIA
Gordon Platt |
The Environmental/Energy Technology Fund, established in 1992, provides grants of up to $20,000 to h
Maritime
LYKES FILES HAZY ACCOUNT OF CREDITORS, MONEY OWED UNSECURED DEBT LARGELY UNKNOWN
Michael Fabey |
The biggest best-seller late last week here apparently was the schedule of Lykes Bros. Steamship Co.
Maritime
CHINA TO CLAMP DOWN ON ELECTRONIC VENTURES NATION COMPLAINS OF FOREIGNERS' CHEATING ON PACTS
P.T. Bangsberg |
With electronics and machinery now leading its exports, China is moving to tighten controls on joint
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Nov. 14, 1995 U.S. spot oil product price indications, sellers range, in cents per gallon, f
TIMBER GROUP BACKS SALE AT MEDICINE BOW
Associated Press |
The Intermountain Forest Industry Association is backing a planned timber sale in the Medicine Bow N
GRAIN, SOYBEAN EXPORT DESTINATIONS
U.S. Agriculture Department; Journal of Commerce |
No text.
Maritime
MALAYSIA TO ATTEND IN EFFORT TO STRIKE NOTE OF PROTEST
P.T. Bangsberg |
Malaysia's Prime Minister Mahathir Mohamad, well-known for speaking his mind, kept his own counsel f
SOFT INTERMODAL DRIVES TTX TO CUT BUDGET
Rip Watson |
TTX Co., one of the nation's largest buyers of rail freight cars, is slashing its 1996 capital budge
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
AETNA WON'T COMMENT ON SALE RUMOR
Journal of Commerce Staff |
A spokeswoman for Aetna Life & Casualty Tuesday would "neither confirm nordeny rumors or spe
TRADE SURPLUS FALLS IN DENMARK
Knight-Ridder Financial |
Denmark posted a 2.983-billion-krone ($542.4 million), seasonally adjusted trade surplus in August,
TRADE BRIEFS
Wire and Staff Reports |
TOSHIBA TO SUSPEND US CELLULAR OPERATIONSWAYNE, N.J. - Electronics giant Toshiba Inc., citin
Maritime
TAIWAN PUSHES REGIONAL HUB PLAN FOR AIR CARGO IN SOUTHEAST ASIA
P.T. Bangsberg |
Taiwan, despite strong regional competition, believes it can become an air cargo hub for Southeast A
COMMODITY / ENERGY BRIEFS
Wire and Staff Reports |
EXXON, HINDUSTAN PLAN JOINT VENTURE IN INDIANEW DELHI - State-run Hindustan Petroleu
A THREE-CHINA POLICY ON TRADE BEIJING, HONG KONG AND TAIWAN DIFFER ON OPENING MARKETS
P.T. Bangsberg |
The three elements of Greater China will bring to Osaka positions ranging from full-bore free trade
SUPERGROUP CALLED KEY TO SHIP LINES' SURVIVAL
Mark Magnier |
Imagine a supergroup to which all shipping lines belong - one that allows unfettered discourse on ra
ACCORD BETWEEN ILLINOIS CENTRAL, UTU WOULD SET PRECEDENTS DEAL TARGETS RULES ON PAY AND ASSIGNMENTS
Rip Watson |
The United Transportation Union and Illinois Central Railroad have announced a precedent-setting agr
RATE UPTICK FOR TANKERS, VLCCS MAY BE IN SIGHT, ANALYSIS SHOWS
Janet Porter |
The long-awaited upturn in freight rates for oil tankers, and especially very-large crude carriers,
Maritime
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARY AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
US, CHINA FIRMS UNITE TO SELL WATER HEATERS
Associated Press |
A.O. Smith Water Products Co. has formed a joint venture with Nanjing Water Heater Co. to make water
Maritime
TRADE BRIEFS
Wire and Staff Reports |
US CONSIDERS PULLOUT FROM INDUSTRIAL AGENCYThe United States is considering withdrawing soon
Maritime
CARRIERS WORRY RATE-CUTTERS HAVE PAINFULLY SHORT MEMORIES
Mark Magnier |
As rate-cutting picks up in the trans-Pacific markets, carriers are wondering whether memories of th
PHOENIX'S ORIGIN, OWNERS SHROUDED IN MYSTERY
Tim Sansbury |
What is World City America Inc., who is Knut Kloster Sr., and what is their relation to the Phoenix
Maritime
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