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JAPAN'S HATA UNVEILS SHAKY MINORITY COALITION
Mark Magnier |
Japanese Prime Minister Tsutomu Hata formed an unstable minority coalition government Thursday after
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
BEST LOWERS RATING OF 20TH CENTURY TO 'A-'OLDWICK, N.J. - A.M. Best Co. has downgrad
CIGNA EXPECTS P/C SLUMP TO CONTINUE THIS YEAR
Andrew Cassel |
Cigna Corp.'s chief executive Wednesday blamed "poor execution of business fundamentals," stiff indu
SAMSUNG HEAVY INDUSTRIES CO. MOVES AHEAD WITH CAR-PLANT PLAN
Reuters |
Samsung Heavy Industries Co. said on Wednesday it would build a car plant here in July to grab a toe
Maritime
PRATT & WHITNEY POSTPONES PLAN TO CONSOLIDATE ITS OPERATIONS
Knight-Ridder Newspapers |
Citing the high cost of moving, Pratt & Whitney said this week it has momentarily tabled the decisio
BALTIC FREIGHT INDEX
JOC Staff |
1397 (Apr. 28, 1994) Previous day - 1386 The Baltic International Freight Futures Market in
Maritime
TAIWAN SHIP EXECUTIVE FORECASTS DEAL WITH BEIJING ON DIRECT AIR, SEA LINKS
Mark Magnier |
After years of bickering, trade between China and Taiwan could be carried by direct sea and air serv
Maritime
SEA LAW - PETER D. CLARK YOU'RE UNDER ARREST: ATTACHING PROPERTY IN MARITIME DISPUTES
JOC Staff |
In admiralty law, there are two bases for attaching property to secure maritime claims. The first is
Maritime
CHINA TO CENTRALIZE OIL IMPORTS
Ramthan Hussain |
Oil products imported into China will be centralized from mid-May under two state-owned oil trading
SANTA FE ENERGY WILL LAY OFF 111
Houston Chronicle |
Santa Fe Energy Resources of Houston will lay off more than a fifth of its salaried employees this y
TEAMSTERS, TMI REACH TENTATIVE SETTLEMENT UNION OFFICIALS TO VOTE TODAY ON PACKAGE
Rip Watson |
Representatives of Teamsters union locals were summoned here today to vote on a tentative settlement
PEOPLE - MARITIME
From Wire and Staff Reports |
AMERICAN WATERWAYS OPERATORS (Washington) - Paul J. Werner was named vice president for the midconti
Maritime
LLOYD'S DISMISSES ALLEGATIONS THAT IT LACKS SUFFICIENT RESERVES
Helen Macleod |
Lloyd's of London hit back Thursday at allegations that it held inadequatefunds to cover old
TENSION BETWEEN US, JAPAN IMPERILS GROWTH IN SE ASIA
Brian Johns |
There's an old saying in Asia: When elephants fight, the grass gets trampled. This aphorism
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
IRAN STARTS EXERCISES IN STRAIT OF HORMUZNICOSIA, Cyprus - Iran has started a week o
Maritime
"SQUATTER' IS IN VOGUE FOR TANKERS, SURVEY SAYS
Janet Porter |
Modern tankers are a different shape from those built 20 years ago, with shorter but wider hulls, ac
Maritime
TIGHT SHOE TRADE PINCHES TRUCKING FIRMS
Phillip Fine |
The decline of America's footwear industry continues to put the squeeze on trucking companies from M
AMR, CANADA'S PWA CORP. FINALIZE BUSINESS ALLIANCE
Leo Ryan |
AMR Corp., parent of American Airlines, and PWA Corp. Wednesday formally cemented an alliance bringi
RUHRGAS TO DEVELOP NEW TECHNOLOGY
Knight-Ridder Financial |
German natural gas supplier Ruhrgas will spend a total 130 million deutsche marks ($77 million) this
WORK DISRUPTIONS REDUCE OIL OUTPUT IN NIGERIAN FIELDS
Knight-Ridder Financial |
Shell Petroleum Development Co. of Nigeria Ltd. said Wednesday it has lost nearly 100,000 barrels a
CRUCIAL CASE FOR LLOYD'S GOES TO TRIAL IN LONDON
David Chance |
A court case that could seal the fate of the Lloyd's of London insurance market started Tuesday, wit
VT. CAPTIVE GROUP SETS CONFERENCE
Journal of Commerce Staff |
The Vermont Captive Insurance Association will hold its ninth annual conference Aug. 16-19 at the Un
SOUTH KOREA'S EXPORTS OF ETHYLENE, POLYETHYLENE JUMPED LAST YEAR
Knight-Ridder Financial |
South Korea's ethylene and polyethylene exports jumped year-on-year in 1993, while imports dragged,
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
FREIGHT RATE FUTURES
JOC Staff |
Apr. 27, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
TRADE EMBARGO GROUNDS HAITIAN COFFEE EXPORTS
John Collin |
The embargo of Haiti is having a devastating impact on what remains of the country's once flourishin
GRAIN TRADERS SEE CHINA AS KEY TO FUTURE RECOVERY
Gareth Jones |
China is widely believed to hold the key to a recovery in the world's ailing wheat trade, as its pop
US EXPECTED TO SLAP "PIRATE' LABEL ON ARGENTINA
John Maggs |
The Clinton administration on Friday is expected to brand Argentina as a pirate country for condonin
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Apr. 26, 1994 U.S. spot oil product price indications, sellers range, in cents per gallon, f
API WEEKLY REPORT US GASOLINE INVENTORIES CLIMB KNIGHT-RIDDER FINANCIAL
JOC Staff |
U.S. inventories of gasoline rose 4.3 million barrels during the week ended April 22 compared with t
PEMEX REPORTS SUCCESS IN DRILLING NEW WELLS
Kevin G. Hall |
The state-owned Mexican oil company Petroleos Mexicanos reports that new drilling initiatives in the
LASMO: ANY BID BY ENTERPRISE IS UNWELCOME
Knight-Ridder Financial |
Lasmo PLC, the U.K. oil exploration and production company, said Wednesday any offer by Enterprise O
AGENCY DENIES COMPANY'S REQUEST TO MINE COAL UNDER KENTUCKY FOREST
Knight-Ridder Newspapers |
Kentucky's mining agency has knocked down a request by a company to mine coal beneath Lilley Cornett
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
BENZENE PRICE CLIMB BEGINNING TO ABATEThe increase in benzene's price appears to be
SPOT COMMODITIES
JOC Staff |
Apr. 27, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
NICKEL INDUSTRY EXPECTS US RECOVERY TO BOOST DEMAND, DRIVE UP PRICES
K.T. Arasu |
The international nickel industry, hurt by oversupply and poor prices, sees brighter days ahead.
NYMEX CHIEF SAYS HE'S READY TO MEET CHALLENGE FROM LME
Knight-Ridder Financial |
Daniel Rappaport, chairman of the New York Mercantile Exchange, said the exchange will use all its r
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
US DOLLAR MOVES LOWER DESPITE GERMAN RATE CUT
Alan Zimmerman |
The U.S. dollar declined Wednesday despite news that Germany lowered its securities repurchase rate
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