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PRODUCERS SEEK CHANGE IN TAX LAW TO SPUR DOMESTIC OIL, GAS DRILLING
(Reuter) |
The nation's oil and natural gas producers are urging Congress to change a tax law that they claim k
CARRIERS IMPEDING REVIEW OF SHIPPING ACT, QUARTEL CHARGES
William Armbruster |
Rob Quartel, a Federal Maritime Commission member, accused steamship lines and their allies in Congr
Maritime
CLARK GETS SHOT AT RETAINING PORTSMOUTH STEVEDORE CONTRACT
Michael S. Lelyveld |
In a controversial decision, the board of the New Hampshire State Port Authority voted to enter into
Maritime
INSURER ALLIANCE SLASHES DUES TO STEM MEMBER DEFECTIONS
John Boyd |
The Alliance of American Insurers, a major property/casualty insurance trade association, claims to
COURT FAVORS INSURER IN TOXIC CLEANUP APPEAL
Brigitte Maxey |
The 3rd U.S. Circuit Court of Appeals upheld a ruling in favor of Employers Insurance ofWausua that
TRADE BRIEFS
Wire and Staff Reports |
EX-IM BANK APPROVES MEXICO CREDIT GUARANTEEThe U.S. Export-Import Bank approved two guarante
Maritime
BRAZIL PREPARES FOR PUBLIC AUCTION OF STATE-OWNED AIRCRAFT MAKER
James Bruce |
The government is beginning the process of privatizing Embraer, Brazil's state-owned aircraft manufa
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
JAS OCEAN OPENS CHICAGO OFFICE
Journal of Commerce Staff |
JAS Ocean Services Inc., an ocean freight consolidator, opened an office in Chicago. Ralph C
Maritime
TEXAS GROUP PLANS TO MATCH NATURAL GAS OUTPUT, DEMAND
Knight-Ridder Financial |
The Texas Railroad Commission, which regulates the state's oil and natural gas production, said Tues
IRANIAN OIL IN FLOATING STORAGE FALLS TO 16 MILLION BARRELS
Knight-Ridder Financial |
National Iranian Oil Co. had about 16 million barrels of crude oil in floating oil storage in Decemb
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Tuesday at 207.37 off 0.85 which compares
STORM HURTS ARGENTINE SOYBEAN CROP
Knight-Ridder Financial |
A severe storm Jan. 1 has made the outlook uncertain for Argentine 1991-92 (October through Septembe
DENMARK POISED TO LIFT VETO ON MOVE TO END S. AFRICA BAN
Knight-Ridder Financial |
Denmark is poised to lift its veto on EC trade and investment sanctions against South Africa after t
Maritime
ONCE-GLAMOROUS LINER MAY SAIL TO SCRAP YARD
Tony Seideman |
Newspaper-sized sheets of paint peel off the superstructure of the huge ocean liner asit sits at the
Maritime
CAUSE OF ENGINE MISHAP STILL A MYSTERY
Dallas Morning News |
Delta Air Lines officials said they do not know what went wrong with the jetliner that lost one of i
FARRELL SHORTENS SUBSIDY ACCORD IN EXCHANGE FOR DEBT FORGIVENESS
WILLIAM DiBENEDETTO |
In a unique swap, the Maritime Administration has forgiven some $20 million in combined loan debts i
RUSSIAN CENTRAL BANK DOWN TO 2-DAY SUPPLY OF CASH
(Reuter) |
The Russian Central Bank has only two days' worth of cash left but printingpresses are worki
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
FREIGHT RATE FUTURES
JOC Staff |
Jan. 8, 1992 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
ANOTHER US GROUP INVEIGHS AGAINST GATT COPYRIGHT PLAN
Paula L. Green |
Another trade organization has come out against facets of the intellectual property rights agreement
Maritime
FDA APPROVES SMITHKLINE DRUG FOR TREATMENT OF RARE COMA CASES
From Wire Reports |
The U.S. Food and Drug Administration has approved SmithKline Beecham's medication to treat rare cas
BRADY SAYS US RATES STILL HIGH, MAY FALL
Knight-Ridder Financial |
Nicholas Brady, U.S. treasury secretary, said Wednesday real interest rates remain high in the Unite
Maritime
SPOT COMMODITIES
JOC Staff |
Jan. 8, 1992 Included are list prices of suppliers. Quotations do not necessarily represent
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Jan. 8, 1992Brent Crude Oil - (Dollars Per Barrel)_
CONTINUING RECESSION TAKES A BITE OUT OF CORN AND SOYBEAN TRADING
Rosalind Krasny |
The persistent recession in the United States is taking a dual toll on Chicago corn and soybean mark
CRUDE OIL INVENTORIES INCREASED LAST WEEK
Journal of Commerce Staff |
U.S. crude oil inventories rose by 3.2 million barrels during the week ended Jan. 3 compared with th
MARITIME BRIEFS
From Wire and Staff Reports |
B+H GROUP OFFICIALS HIKE SHARE IN COMPANYThe top two executives of the B+H Group increased t
Maritime
COOPERS & LYBRAND ROLE IN INSOLVENCY INVESTIGATED
TOM McNIFF Jr. |
A law firm is investigating actions by Coopers & Lybrand to determine if the accounting firm has any
VANUATU REGISTRY ISSUES BULLETIN
JOC Staff |
Vanuatu's shipping registry is distributing a bulletin on port state control, outlining the safety e
Maritime
JAPAN FIRMS VOW TO HIKE $10 BILLION A YEAR
A.E. Cullison |
President Bush was met upon his arrival in Tokyo Tuesday night with a pledge by 23 Japanese corporat
COUNTRIES REPORTEDLY PLEDGE FUNDS TO ZAMBIA
Knight-Ridder Financial |
Several donor countries have promised to give Zambia funds to help it clear the $35 million it owes
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 DOCKWORKER STRIKES COSTING MILLIONS
Barbara Casassus |
The French government is holding fast to its plan for reforming the dock labor employment system in
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
S&P ASSIGNS RATINGS TO LIFE COMPANIESStandard and Poor's Rating Corp., New York, assigned ne
DRUG, TEXTILE MAKERS TO FIGHT TRADE PACT
John Maggs |
The U.S. pharmaceutical and textile industries Tuesday rejected the draft agreement for the Uruguay
COPPER FUTURES PRICES WEAKEN ON RISE IN WAREHOUSE STOCKS
From Wire and Staff Reports |
Copper futures prices, erasing most of Monday's moderate gains, Tuesday ranged about 0.5 cents lower
PEOPLE - MARITIME
From Wire and Staff Reports |
D Jack Collier was named director of port development. A former port executive re- turning f
Maritime
UNIONS TRY TO BLOCK MCDONNELL-TAIWAN DEAL
David J. Lynch |
Union officials representing aerospace workers in Long Beach and San Diego are mounting a last-ditch
FOREIGN EXCHANGE
JOC Staff |
Quotations, provided by Citibank/New York, Foreign Exchange Desk, are offered rates of New York City
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