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CANADIAN MARINE POLICY TO UNDERGO OVERHAUL
Leo Ryan |
Canadian Transport Minister Doug Young announced Friday that a drastic overhaul this fall of nationa
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
CATASTROPHIC OPTION CALL SPREADS
Chicago Board of Trade |
For quotes on National, Midwestern or other markets, call the CBT trading floor during trading hours
"CAPTIVE' INSURERS RE-EMERGING AS FIRMS SEEK TO REIN IN COSTS
Journal of Commerce Staff |
Despite continuing low insurance prices in many lines, corporate-owned ''captive" insurers say they
GREAT LAKES PILOT OVERSIGHT CHANGE OPPOSED CRITICS DEMAND MORE TIME FOR COMMENTS
Paul F. Conley |
Resistance is growing to a plan to change the way marine pilots on the Great Lakes are regulated.
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
20TH CENTURY INDUSTRIES, UNITS GET S&P UPGRADENEW YORK - 20th Century Insurance Co.
ALLIANZ SHUTTERS MARINE DIVISION BASED IN LONDON HULL CAPACITY CUT BY ABOUT 2 PERCENT IN UK MARKET
HELEN R. MacLEOD |
German insurance major, Allianz, has closed its London marine hull underwriting account in London, r
LLOYD'S ROWLAND CALLS FOR UNITY BETWEEN LONDON, BERMUDA CENTERS
Margo D. Beller |
In a growing, global marketplace, there is no longer room for differences between insurers in London
CUTBACKS LOOM AS STOCKS MOUNT AT AUSTRALIA'S ALUMINA REFINERIES
Knight-Ridder Financial |
Australia's two alumina operations will be forced to begin curtailing production this week unless a
Maritime
US LAWMAKERS SEEK SAFETY OF INDIAN ACTIVIST
Journal of Commerce Staff |
Two U.S. congressmen have asked the Indian ambassador to "immediately intervene" with his government
COAST GUARD PROPOSES TO SHED SOME EXPENSIVE SHIP STANDARDS STEP TO CUT COSTS FOR US LINES
Tim Sansbury |
The higher cost of building a ship to U.S. standards instead of international maritime requirements
Maritime
PERTAMINA WILL CHARTER MORE TANKERS TO SAVE MONEY
P.T. Bangsberg |
Indonesia's state-owned oil company Pertamina plans to charter more tankers as a cheaper alternative
Maritime
COST OF CREDIT
JOC Staff |
Friday, June 2, 1995 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
EU OFFICIAL WILL REVIEW PROHIBITION ON BEEF CONTAINING GROWTH HORMONES
Peter M. Tirschwell |
Under pressure from the United States and world-trade rules set to take effect next month, the Europ
SEATTLE MEETINGS AGENDA: LINKING US WEST COAST, RUSSIA'S FAR EAST
Journal of Commerce Staff |
U.S. and Russian trade officials and entrepreneurs will try to find ways to forge increased trade an
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
QUOTE TO NOTE ON DEPRAVITY OF HOLLYWOOD:
Bob Dole |
"You have sold your souls, but must you debase our nation and threaten our children as well?"
Maritime
TRADE BRIEFS
Wire and Staff Reports |
CHINA GETS MFN STATUS FOR ANOTHER YEARPresident Clinton on Friday renewed most-favored-trade
Maritime
YEN SOUGHT IN S. KOREA FOR JAPANESE GOODS
JOC Staff |
The Bank of Korea said importers of Japanese products are increasingly being asked to pay contracts
Maritime
CAR-HAUL FIRMS HOPE TO AVOID STRIKE
Chris Isidore |
The executive director of the National Automobile Transporters Labor Division said his members have
JAPANESE PORTS SLATED TO BEGIN SUNDAY WORK LOCAL UNIONS' APPROVAL NEEDED
Mark Magnier |
In a development with widespread implications for global trade and transportation, Japan's powerful
MAJOR GAINS AND DECLINES IN CARLOADINGS
Adapted from Weekly Railroad Traffic, Association of American |
Three Weeks Ended May 27, 1995, vs. Similar 1994 Period Cars CarsLoaded Loaded
US COMPLAINT OVER UPS' TREATMENT "TOO POLITICIZED,' SAYS MEXICAN OFFICIAL
Kevin G. Hall |
A U.S. complaint under the North American Free Trade Agreement alleging unfair treatment of United P
TRANSPORT BRIEFS
Wire and Staff Reports |
3 OVERNITE TERMINALS REJECT TEAMSTERS UNIONCHICAGO - Overnite Transportation Co.'s d
FARM EXPORTS TO HIT RECORD, USDA PREDICTS
Associated Press |
Agricultural exports are projected to reach a record $51.5 billion this fiscal year, thanks largely
TRIPLE CROWN BEGINS TESTS TO DECIDE ENTRY INTO REEFER TRAILER HAULING
Gregory S. Johnson |
Triple Crown Services will make a decision by October on whether to take the plunge into refrigerate
INDONESIAN: ASIA-PACIFIC WILL BE TOP OIL MARKET
Reuters |
The world's biggest oil market will be in the Asia-Pacific early next century and not in North Ameri
ILA HEAD READY TO TRADE ON STAFFING, OVERTIME PAY
Alan Abrams |
John Bowers sounds like a man ready to make a trade. With a negotiating session slated for t
Maritime
BAIR TO RESIGN POSITION AS CFTC COMMISSIONER
Knight-Ridder Financial |
The Commodity Futures Trading Commission will be down one of its five commissioners beginning June 1
BRAZILIAN OIL WORKERS END STRIKE IN VICTORY FOR CARDOSO
Reuters |
Brazilian state oil workers ended a 4-week-old strike Friday in a key win for President Fernando Hen
COMMODITY / ENERGY BRIEFS
Wire and Staff Reports |
UNION TEXAS UNIT TO BUY ORYX'S NORTH SEA STAKENEW YORK - Union Texas Petroleum Holdi
PETROVIETNAM CHIEF BACKS CONTROVERSIAL REFINERY SITE
Reuters |
The head of the state oil firm PetroVietnam, Ho Si Thoang, has supported a controversial central coa
SPOT COMMODITIES
JOC Staff |
June 2, 1995 Included are list prices of suppliers. Quotations do not necessarily represent
FEEDER OPTIONS TO INCREASE AIR EXPRESS USE IN INDIA
Phillip Hastings |
India's air express industry, already running some 35 percent ahead of last year, will get several a
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 2, 1995Brent Crude Oil - (Dollars Per Barrel)_
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - June 2, 1995 Prev. Life of Contr. OpenOpen High Low
MEAT AID PLEA IN JAPAN TROUBLES US
Peter M. Tirschwell |
Four years after dismantled trade barriers unleashed a flood of imported red meat into Japan, a weak
EUROPEAN OIL FIRMS GET PROFIT BOOST FROM CHEMICAL UNITS
Paul Harris |
European oil companies, whose main profits are driven by the buffetings of world oil prices, have se
GASOLINE PRICES
JOC Staff |
June 2, 1995 RESELLER RACKUnleaded Mid- Premium-Unlead Premium-Unle
COTTON GROWERS EXPECT EXPORT, RATE GROWTH
Bill Mongelluzzo |
U.S. cotton growers, flush with the success of a near-record export season in 1994-95, anticipate an
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