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NIGERIA URGES OPEC TO SLASH OIL PRODUCTION TO SPUR PRICES
(Reuter) |
Nigeria on Friday urged OPEC to cut oil output by at least 1.5 million barrels a day to boost prices
AFTER 6-YEAR UNION, 2 ITALIAN LINES SPLIT WEST COAST-EUROPE SERVICE
Allen R. Wastler |
Two shipping lines that moved goods together between the West Coast and Europe for more than six yea
Maritime
CARGO OWNERS OFFERED POLLUTION CLAIMS COVER
Janet Porter |
A unique liability insurance program designed specifically to protect cargo owners against pollution
PEOPLE - INSURANCE
From Wire and Staff Reports |
Henry G. Parker III retired as senior vice president and managing director of Chubb & Son Inc., effe
SENATE DEFEATS AMENDMENT ON NUCLEAR POWER PLANTS
JOC Staff |
The Senate shot down an amendment to a wide-ranging energy bill that would give citizens the right t
COAST GUARD SEEKS FUNDS FOR ARSENIC SPILL
JOC Staff |
The U.S. Coast Guard is asking the Environmental Protection Agency for $2.7 million to help pay for
Maritime
BANK OF ENGLAND SET TO MEET MONETARY UNION STANDARDS
Keith M. Rockwell |
The Bank of England said Friday it will seek to maintain the tight monetary policies required if Bri
SRI LANKA SEEKS STATUS AS INDUSTRIAL NATION
N. Vasuki Rao |
Sri Lanka is moving forward with a foreign investment campaign which it hopes will propel the countr
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100%) is as follows
Maritime
ECONOMIC DATA ABROAD
From Wire and Staff Reports |
DANISH TRADE SURPLUS DECLINED IN DECEMBERCOPENHAGEN, Denmark - Denmark posted a $363
FOREIGN EXCHANGE
JOC Staff |
Quotations, provided by Citibank/New York, Foreign Exchange Desk, are offered rates of New York City
RAILS ORDERED TO PAY US FOR OVERCHARGES
Journal of Commerce Staff |
The Interstate Commerce Commission ordered 14 railroads to pay the U.S. Departments of Energy and De
FINANCIAL BRIEFS
From Wire and Staff Reports |
MALAYSIA EXPECTS DIP IN FOREIGN INVESTMENTForeign investment in Malaysia is likely to declin
TRADERS EXPECT DOLLAR TO SLIP AS ECONOMY STALLS
Gordon Platt |
The U.S. dollar will drift lower in dull trading for the next few weeks amid concern about the linge
SOUTHERN PACIFIC'S PROBLEMS DELAY BAY AREA PORTS' INTERMODAL PROJECTS
Allen R. Wastler |
Southern Pacific Lines' financial and labor problems are beginning to affect the ports of Oakland an
SS UNITED STATES OWNER FILES UNDER CHAPTER 11
Jerome Zukosky |
In a last-ditch effort to keep his hold on the liner SS United States, Richard Hadley put his compan
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Feb. 7, 1992 U.S. spot oil products price indications, sellers range, in cents per gallon, f
INSURERS SUCCEED IN BLOCKING NY AUTO-BODY REPAIR TAX
JOC Staff |
The National Association of Independent Insurers won its battle against implementation of a New York
SS UNITED STATES: A BROKEN SYMBOL OF ONCE-MAJESTIC MERCHANT MARINE
Tony Seideman |
Its official name is the S.S. United States, but sailors called the 990-foot liner "The Big U." No v
Maritime
CHEMICAL BRIEFS
From Wire and Staff Reports |
GUAR GUM PRICES RISE BY 10 PERCENT FOR ALL GRADESEASTON, Md. - Commodity Services Inc. Frida
SPOT COMMODITIES
JOC Staff |
Feb. 7, 1992 Included are list prices of suppliers. Quotations do not necessarily represent
SPILL-IDLED SHIP DISCHARGES CARGO IN CHARLESTON
Craig Dunlap |
The Santa Clara I discharged cargo Friday at the Port of Charleston, S.C., for the first time since
Maritime
COST OF CREDIT
JOC Staff |
Fri., Feb. 7, 1992 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
US, OTHERS TO SIGN LATIN FUND AGREEMENT
Journal of Commerce Staff |
The United States, Japan and several other countries will sign an agreement here Tuesday for a Latin
EC MINISTERS TO RESUME TALKS ON COMMON AGRICULTURE POLICY
Bruce Barnard |
European Community farm ministers today resume their marathon negotiations over reform of the Common
TRANSPORT BRIEFS
Wire and Staff Reports |
CONTINENTAL REPORTS $10.2 MILLION PROFITHOUSTON - Continental Airlines said Friday i
UK INSOLVENCIES JUMP 45 PERCENT IN '91
Knight-Ridder Financial |
A total of 21,827 companies were made insolvent in Britain in 1991, a rise of 45 percent on 1990, Br
THREE CARRIERS SET TO JOIN AIR MANIFEST SYSTEM
Tony Seideman |
The U.S. Customs Service's drive to establish electronic links with air carriers has made a major st
Transport, Trade and Regulation News
WEST EXPECTED TO ELIMINATE CURBS ON TECHNOLOGY TRADE WITH HUNGARY
(Reuter) |
The West's trade in technological goods with Hungary, previously curbedbecause of fears that
Maritime
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Feb. 7, 1992Bid AskedCopper_G
RUSSIAN IMPORT-EXPORT AGENCY EXPECTS ALUMINUM SALES TO RISE
Steward Taggart |
Raznoimport, the state-owned import-export body of the Russian republic, expects to sell about 750,0
TRUCKERS ADVISED TO PLAN STRATEGY BEFORE AUDIT
Bill Mongelluzzo |
Trucking executives who hope to prove to the Internal Revenue Service that their relationship with o
JAPAN'S AMBITIOUS NUCLEAR ENERGY PROGRAM UNDER FIRE
Merrill Goozner |
Later this year, Japan will begin importing plutonium and constructing a nuclear fuel reprocessing p
INDONESIA STUDIES NEW PRICING SYSTEM FOR LIGHT CRUDE OIL
Knight-Ridder Financial |
Indonesian state-owned oil company Pertamina may introduce a new pricing system for its crude oil fr
ILLINOIS POWER TO BUY SCRUBBERS TO KEEP BURNING LOCAL COAL
John Boyd |
Illinois Power Co., the state's second-largest electric utility, signed a letter of intent to buy sc
AMOCO, CHEVRON, CONOCO JOIN IN OIL SHALE RESEARCH PROJECT
Knight-Ridder Financial |
Amoco Corp., Chevron Shale Oil Co. and Conoco Shale Oil Inc. have signed a three-year agreement to c
WEST COAST STRIKE LOOMS AS DOCKERS SNUB COMPROMISE
Bill Mongelluzzo |
A one-day West Coast dock strike next week is virtually certain now that the International Longshore
RECESSION, COMPETITION AND RULES PUSH DOWN PRICES OF NEW SHIPS
Janet Porter |
A company ordering a new supertanker today probably would pay several milliondollars less th
COMMODITY BRIEFS
From Wire and Staff Reports |
STRIKES LIKELY TO HIT IMPALA PLATINUM NETJOHANNESBURG, South Africa - South Africa's
AGRICULTURAL SECRETARY SUPPORTS CALL FOR REFORM OF USDA
Knight-Ridder Financial |
U.S. Agriculture Secretary Edward Madigan, responding to criticism by the Senate Agriculture Committ
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