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MARTINAIR SAYS NET PROFIT INCREASED TO A RECORD $57.6 MILLION IN 1992
William Armbruster |
Although many airlines posted record losses last year, Martinair Holland recorded a record net profi
UNION PACIFIC, CNW UNIT INK DEAL TO MOVE WESTERN COAL TO IND. UTILITY
Journal of Commerce Staff |
Union Pacific Railroad and a Chicago & North Western Transportation Co. subsidiary have signed a 15-
TRANSPORT BRIEFS
Wire and Staff Reports |
CONRAIL BOARD TO CREATE HOLDING COMPANYPHILADELPHIA - Consolidated Rail Corp.'s shar
GASOLINE PRICES
JOC Staff |
May 26, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Prem
3 BIG TIDEWATER STOCKHOLDERS TO SELL PART OF THEIR STAKES
Journal of Commerce Staff |
Three large corporate holders of Tidewater Inc. stock stand to make substantial profit on their inve
SHOPPING IS STILL SENSIBLE IN HONG KONG
P.T. Bangsberg |
After years of being touted as a shoppers' paradise, Hong Kong frequently draws grumbles from first-
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
SENATE APPROVES BILL TO REFORM MINING LAWThe Senate has approved an industry-backed bill to
FOKKER OFFERS INDIA A DEAL TO BOOST SALES
Knight-Ridder Financial |
The Fokker aircraft company of the Netherlands has reportedly offered a collaborative deal to India'
TOLL PROPOSAL FOR UK ROADS COULD LEAD TO PRIVATIZATION
Knight-Ridder Financial |
Charging tolls for road use could lead to the eventual privatization of some of Britain's motorways,
US CHIP MAKERS IN MALAYSIA GEAR UP FOR EXPORT BOOM
P.T. Bangsberg |
American electronics companies operating in Malaysia are looking for another boom year for exports a
Maritime
US SAVES $1 MILLION IN REEFER EXPERIMENT
Journal of Commerce Staff |
The U.S. Department of Defense said it saved $1 million in transport costs shipping vegetables and f
FRIDAY MASS SCHEDULED FOR FRANK BAFFA
Journal of Commerce Staff |
A Mass of Christian burial will be said Friday for Frank Baffa, president of the New York-New Jersey
Maritime
SPOT COMMODITIES
JOC Staff |
May 26, 1993 Included are list prices of suppliers. Quotations do not necessarily represent
GERMAN OIL INDUSTRY URGED TO REDUCE REFINING CAPACITY
Sigrun Neuwerth |
German oil refineries must reduce processing capacities in the near future in response to shrinking
YEN AT RIGHT LEVEL, TREASURY OFFICIAL SAYS
Richard Lawrence |
The United States is not seeking any further rise in the value of the Japanese yen against the U.S.
FOREIGN EXCHANGE VOLUME SWELLS
P.T. Bangsberg |
Little Hong Kong is (understandably) gleeful in pointing out how physicalsize doesn't determ
HECTIC SCHEDULE FAILS TO DETER US INVESTORS
Gene Linn |
A hectic schedule and tiring travel arrangements did not dampen the spirits of a group of American f
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
FRENCH TO PRIVATIZE AIR FRANCE, OTHER FIRMS
William Armbruster |
France's new conservative government announced Wednesday a plan to privatize Air France, along with
FREIGHT RATE FUTURES
JOC Staff |
May 26, 1993 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Transportation News Ticker, the |
GLOSSARY AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
INDIA BANK TO ALLOW USE OF RUPEE OPTIONS
Knight-Ridder Financial |
India will soon permit banks and the corporate sector to use options to hedge their rupee positions,
EUROPEAN GROUP TO UNVEIL DIGITAL TV STRATEGY
Suzanne Perry |
A group of European broadcasters, satellite operators, manufacturers and public officials will annou
Maritime
GERMAN RECYCLING PROGRAM FOSTERS RECOVERY OF PLASTIC PACKAGE REDUCTION PROGRESS REPORTED
George Stein |
A vast plastics recycling program in Germany, which began with new regulations in 1991, now reaches
SILVER DEMAND EXPECTED TO EXCEED SUPPLY IN '93
Howard Simon |
Demand for silver is expected to exceed newly mined supplies in 1993, a situation that bodes well fo
CANADA PIPELINE CITES OVERSUPPLY FOR DELAY IN SETTING JUNE LIMITS
Pamela Conway |
Canada's Interprovincial Pipeline Co. has delayed its announcement of how much crude oil nominations
DUMPING PERMIT CLEARS WAY FOR NJ DREDGING
Alice Cantwell |
The controversial permit to allow ocean-dumping of dioxin-tainted dredge spoil under strict conditio
PUBLISHER'S NOTEBOOK
Don C. Becker |
The evening was billed as a small, elegant dinner honoring Malcom McLean, the 79-year-old one-time t
ADMINISTRATION MAY TAKE EXECUTIVE ACTION ON SUPER 301
John Maggs |
The Clinton administration is considering imposing the tough Super 301 trade law by executive action
NEW HOMEOWNER RATES VARY WIDELY IN FLA. PLAN
David Satterfield |
Homeowners who buy coverage from the state's insurer of last resort may get a price break - or an in
PEOPLE - INSURANCE
From Wire and Staff Reports |
MEDICAL PROFESSIONAL LIABILITY AGENCY INC. (Bedford Hills, N.Y.) - Steven R. Brill was appointed dir
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange May 26, 1993Brent Crude Oil - (Dollars Per Barrel)_
GETTY DROPS NJ BATTLE OVER ETHANOL IN GASOLINE
Knight-Ridder Newspapers |
Getty Terminals Corp. said it has dropped its challenge to New Jersey rules barring it from selling
KENYA MINISTER OPTIMISTIC ABOUT REGAINING WEST'S AID
Andrew Hill |
Musalia Mudavadi, Kenya's finance minister, sounded upbeat Wednesday about winning back crucial West
Maritime
US SHIP GROUPS PRESS FOR SHARE OF CARGO AFTER AID TO ISRAEL
Tim Sansbury |
U.S.-flag shipping interests are waging an uphill battle to turn the $10 billion loan guarantee gran
Maritime
JAL PROHIBITS ELECTRONIC DEVICES
Journal of Commerce Staff |
Japan Airlines announced Wednesday that it will ban the use of laptop computers, compact disk player
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
FIBERS VENTURE PLANNED BY COURTAULDS, HOECHSTLONDON - Courtaulds PLC, the British sp
STEEL IMPORT DUTIES BLAMED FOR DIMINISHED DOCK WORK
Rogers Worthington |
By this time last May, Ben Lewis and Willie Liddell would have logged about 700 hours of work on Mil
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1642 (May 26, 1993) Previous day - 1640 The Baltic International Freight Futures Market in L
Maritime
UNITED VAN LINES AIMS FOR INDUSTRY DOMINANCE
Christopher Carey |
United Van Lines Inc. is intent on becoming the Coca-Cola Co. of its industry. ''We want to
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