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MARITIME BRIEFS
Wire and Staff Reports |
TRUCKERS IN TALKS TO END NEW ORLEANS WALKOUTA group of independent container haulers continu
Maritime
3 LARGE INSURERS' RATINGS REDUCED IN BEST'S '92 LIST
JOC Staff |
A.M. Best Co. released Monday the 1992 Best's Ratings for 137 insurance companies, including seven l
PACIFIC MUTUAL BACKED AS BUYER OF FIRST CAPITAL
Journal of Commerce Special |
Newport Beach-based Pacific Mutual Life Insurance Co. was recommended to Los Angeles Superior Court
13 FORMER SOVIET STATES CLEARED FOR IMF, WORLD BANK MEMBERSHIP
Richard Lawrence |
All but two of the 15 former Soviet republics were cleared Monday for membership in both the Interna
DESERT STORM CONVERTED SKEPTICS TO CONTAINERIZATION
Journal of Commerce Special |
The containerization of military equipment received its first full-scale test during the unprecedent
US INLAND PORTS ADDING PUNCH TO SPRUCE UP CARGO VOLUMES
Chris Dupin |
A handful of "inland ports" have been set up by port authorities around the country, mainly as marke
RATES UP SHARPLY FOR LARGE TANKERS SHIPBROKERS SAY RECOVERY MAY BE SHORT-LIVED
Janet Porter |
Freight rates for large tankers have soared over the past few weeks, fueled by sudden increased dema
COST OF CREDIT
JOC Staff |
Monday, April 27, 1992 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
ECONOMISTS SEE NARROWING OF US-EUROPEAN YIELD GAP
John J. Duffy |
Yield spreads between U.S. and European government bonds will converge further in the months ahead,
CATHOLIC CHURCH SEEKS RECLAIMED POLISH PROPERTY
Chicago Tribune |
There's a struggle going on in downtown Warsaw, a little battle over a square block of land.
SAFEWAY SETTLES DISPUTE WITH N. CALIF. WORKERS
Allen R. Wastler |
Safeway Inc., a grocery store chain based here, has settled a dispute with its northern California t
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Friday at 206.76 off0.85 which com
ZAMBIAN MINISTER ACTS TO ALLAY FEARS OVER CORN SHORTAGES
Simon Clow |
Corn shortages are creating tensions in many African producing countries. But Zambia, which relies h
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago4/27 4/24 Change % Change: 4/3
SPOT COMMODITIES
JOC Staff |
Apr. 27, 1992 Included are list prices of suppliers. Quotations do not necessarily represent
US FIRMS INK VENTURE IN CHINA TO CREATE POLYESTER CHIP PLANT
P.T. Bangsberg |
In a rare cooperative venture, American, Japanese and Chinese companies are joining forces to create
FRENCH DOCKERS RESUME WORK UNTIL MEETING WITH GOVERNMENT
Journal of Commerce Special |
French dockers called off their national strike Monday after nearly paralyzing the country's ports f
Maritime
LIQUIDATION OF 2 AGENCIES SOUGHT IN LA.
Journal of Commerce Special |
Louisiana Insurance Commissioner Jim Brown has asked a state court to liquidate Liberty Underwriters
CALIF. QUAKE DAMAGE APPROACHES $50 MILLION
(Reuter) |
California's powerful weekend earthquake injured 94 people, caused nearly $50 million in damage and
COURT WON'T DISMISS SUIT AGAINST AETNA
Margo D. Beller |
A California Superior Court judge denied Aetna Casualty & Surety Co.'s motion to dismiss a suit brou
BANK UNCERTAINTY SPURS CAPITAL FLIGHT IN PERU
Suzanne Timmons |
Peruvian companies have transferred about US$200 million (206 million new sols) out of the country s
IN FORMER EAST GERMANY, ALMOST EVERYTHING IS FOR SALE
Alex Beam |
Erich Honecker slept here. So did French Communist Party boss Georges Marchais. Small wonder
FRENCH NEAR FINISH LINE OF PORT DEVELOPMENT
Jacques Neher |
France appears to be in the home stretch of a two-year effort to overhaul its law for dock labor, a
MILITARY DECLAARES 1992 YEAR OF THE CONTAINER
Douglas C. Harper |
Containerization, which received its baptism by fire during the crisis in the Persian Gulf, is assum
QUALITY BECOMES A NEW PRIORITY FOR RAILROADS
Richard Leonard |
Quality is a new priority at U.S. railroads, and it is more than a ploy. There has been a gr
CURTAIN GOING UP ON INTERMODAL EXPO
Ira Rosenfeld |
The International Intermodal Expo, the industry's annual coming-out party, begins here this afternoo
SOUTH KOREA VOWS TO LIBERALIZE ITS SHIPPING MARKET
A.E. Cullison |
In response to increasing Japanese pressures, the South Korean government promised it will liberaliz
Maritime
SKYROCKETING BUDGET DEFICIT IMPERILS RUSSIA'S ECONOMIC REFORM PROGRAM
(Reuter) |
Russia's radical economic reform program is in danger of being derailed by a soaring budget deficit,
SP PINS HOPES ON MOVES TO CENTRALIZE OPERATIONS
Journal of Commerce Staff |
Southern Pacific Lines announced a reorganization Monday that will replace the railroad's regionally
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Transportation News Ticker, the |
GLOSSARY AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
SIMON SAYS - HOWARD SIMON NEW COMEX FUTURES MAY TREAD ON THE TOES OF CROSS-FLOOR COUSIN
Howard Simon |
The Commodity Exchange Inc. said last week it will introduce platinum and palladium futures and opti
IRAN AIR BUYS AIRBUS PLANES WITH US ENGINES, REPORT SAYS
JOC Staff |
Iran's national airline, Iran Air, signed an agreement Monday with the France-based Airbus Industrie
US PENSION MANAGERS BULLISH ON LATIN REGION
Patricia Crisafulli |
U.S. pension fund managers are among the most bullish investors in Mexico and other progressive Lati
Maritime
MEXICO WILL SPIN OFF STATE FERTILIZER PLANT
Journal of Commerce Staff |
Mexico will put a "huge" state-owned fertilizer company on the auction block in the next few weeks,
Maritime
TRADE TALK - LEO RYAN TRADE PACT WORKS, SAYS OFFICIAL LINE FROM CANADA AND US
Leo Ryan |
Despite some high-profile bilateral disputes, U.S. and Canadian officials contend that the 1988 U.S.
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Apr. 27, 1992 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
COFFEE PRICES LOSE GROUND MARKET JITTERY OVER BRAZIL
Wire and Staff Reports |
Coffee prices spiraled down, with most contracts traded on the New York Coffee, Sugar & Cocoa Exchan
WITH CROWLEY, MOBILE'S LOSS IS PUERTO RICO'S GAIN SHIP LINE CONTINUES ITS FINE-TUNING
Craig Dunlap |
Crowley Maritime Corp.'s addition of a third weekly sailing between Jacksonville and Puerto Rico is
Maritime
US RALLY BUOYS CONTAINER TRAFFIC AT MANILA FACILITY
P.T. Bangsberg |
A recovering U.S. market and continued strong regional business fueled a 25 percent jump in containe
Maritime
W.R. GRACE POSTS 84 PERCENT PLUNGE IN PROFIT FOR FIRST QUARTER
Journal of Commerce Staff |
W.R. Grace & Co., the large specialty chemicals company, Monday reported net income of $5.0 million
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