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SHIPPERS, LINES DIVIDED IN REVIEW OF SHIP ACT
Janet Plume |
Shippers and freight forwarders speaking before a federal task force this week attacked the antitrus
Maritime
COPPER SUPPLY ON THE RISE, SAYS CODELCO OFFICIAL
Knight-Ridder Financial |
The copper market is entering "a new period" of rising inventories and falling prices, Gonxalo Trive
PEOPLE - TRANSPORT
From Wire and Staff Reports |
Michael Tully was named terminal manager in Cincinnati. He was line-haul supervisor in the motor car
EPA ANNOUNCES TOXIC CUTS OPTION
Journal of Commerce Staff |
The Environmental Protection Agency is offering companies that reduce air emissions of toxic chemica
VOLUME OF EXPIRING LIFE POLICIES MAY FORCE STOCK SALE IN JAPAN
Knight-Ridder Financial |
Some major Japanese life insurance companies are considering selling Japanese bonds and stocks to co
SEALIFT COMMAND DIDN'T OVERPAY FOR CHARTERED SHIPS, REPORT SAYS
Bruce Vail |
A congressional investigating agency says the government paid prices that were "fair and reasonable
Maritime
IS AUTOMATION PAYING OFF FOR FEDERAL EXPRESS?
Tony Seideman |
Federal Express Corp. is staging a campaign to automate the processing of its trade documents worldw
JAPANESE INTEREST IN US REAL ESTATE RISING EXPERTS PREDICT MORE INVESTMENT
William Armbruster |
Japanese investment in U.S. real estate should begin to pick up again in the coming months, experts
BUSH PICKS DEMOCRAT STRAUSS TO BE AMBASSADOR TO USSR
From Wire Reports (Reuter) |
President Bush Tuesday nominated former Democratic Party Chairman Robert Strauss as the ambassador t
ARGENTINE WINE INDUSTRY TARGETS EXPORT SALES
Larry Luxner |
Deep in the shadowy recesses of the century-old Penaflor winery outside this Andean metropolis sits
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
US WEST, JAPAN'S DDI INK CELLULAR PHONE PACTENGLEWOOD, Colo. - US West Inc. and DDI Corp. of
Maritime
SPOT PRODUCT PRICES
JOC Staff |
June 4, 1991 U.S. spot oil products price indications, sellers range, in cents per gallon, f
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,265-$1,275 per ton lots & in warehouse min. 99.
PERCY MARCUS, PIONEER IN TRUCKING INDUSTRY, DIES
From Wire Reports |
Percy Marcus, an industry pioneer who helped shape the modern trucking industry, died Sunday at Colu
SEA-LAND, SOVIETS DISCUSS RAIL VENTURE
John Davies |
A delegation of executives from Sea-Land Service Inc. is in Moscow this week to negotiate additional
Maritime
INDIAN PRIVATIZATION PLAN SPARKS DEBATE, BUT IDEA IS UNLIKELY TO BE ABANDONED
N. Vasuki Rao |
A bold move by the outgoing government to start dismantling the vast state sector has triggered fier
III APPOINTS STEWART
From Wire Reports |
Gordon C. Stewart has been appointed president of the Insurance Information Institute, the property/
GARAMENDI CITES VICTORY FOR CONSUMERS
From Wire Reports |
Insurance companies' attempt to block the implementation of California's rate-cutting initiative suf
PENN MU GETS MASS. NOD TO MANAGE MONARCH LIFE
TOM McNIFF Jr. |
Massachusetts insurance regulators Tuesday sought state court approval of Penn Mutual Life Insurance
DEMOCRATS TO CHALLENGE MFN STATUS FOR CHINA
Richard Lawrence |
The prospect of a China trade policy showdown between the Bush administration and Congress appeared
SPOT NATURAL GAS PRICES
JOC Staff |
COASTAL GAS MARKETING COMPANY Coastal Gas Marketing Company (formerly ANR Gathering Company)
MEXICO SELLS MAYA CRUDE TO REFINERS ON WEST COAST
Knight-Ridder Financial |
Mexico sold about 600,000 barrels of its Maya crude to U.S. West Coast refiners for July delivery as
OIL MARKET IS BACK IN EQUILIBRIUM, IEA SAYS
(Reuter) |
The world oil market returned to equilibrium last month, with supply closely matching demand and a f
SUGAR SUPPLIES MAY TIGHTEN
Wire and Staff Reports |
World sugar prices ended moderately higher Tuesday on trade perceptions that a tight supply situatio
ARABICA CONTRACT IN BAD SHAPE, TRADERS SAY
Blair Pethel |
The European coffee market is unlikely to support the London Futures and Options Exchange's new wash
CHILE SEEN AS GROWING MARKET FOR US COTTON
Knight-Ridder Financial |
Prospects for U.S. cotton exports to Chile could improve as Chile's textile industry continues to ex
FREIGHT RATE FUTURES
JOC Staff |
June 4, 1991 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
AUSTRALIA'S TNT SELLS 11.5 PERCENT STAKE IN AIRBORNE FREIGHT
Journal of Commerce Staff |
TNT Ltd. has sold its 11.5 percent stake in Airborne Freight Corp. of Seattle, the nation's third-la
FOREIGN INVESTMENT CURBS MAY DOOM AILING LINES
Kevin G. Hall |
Legislation scaling back the total foreign investment allowed in a domestic airline may accelerate t
PUBLISHER'S NOTEBOOK
Don C. Becker |
The phone message was simple: Tee-off time was 7:30 a.m., and I was paired with Lee Trevino.
SPOT COMMODITIES
JOC Staff |
June 4, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
SAUDI ARABIA REJECTS CALLS TO CUT BACK ON OIL PRODUCTION
(Reuter) |
Saudi Arabia, the world's biggest oil exporter, rejected calls to curb production and help boost pri
NORFOLK SOUTHERN WANTS TO BUY VA. TERMINAL IT CURRENTLY LEASES
Craig Dunlap |
Norfolk Southern Corp. plans to purchase one of the two Norfolk breakbulk terminals it leases from t
CHIP PACT AIMS TO BOOST FOREIGN SHARE IN JAPAN
Keith M. Rockwell |
The United States and Japan agreed Tuesday on a semiconductor trade pact that seeks to give foreign
INSURANCE BRIEFS
Wire and Staff Reports |
USLIFE ANNOUNCES REPURCHASE PROGRAMUslife Corp., a life insurance-based holding company, sai
RESHUFFLING AT DELMAS ALTERS CONTROL OF CARRIER
Journal of Commerce Special |
After three years of setbacks, French businessman Vincent Bollore is poised this week to gain effect
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1752 (June 4, 1991) Previous day - 1758 The Baltic International Freight Futures Market in L
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Tuesday June 4, 1991 Prevailing sellers' posted prices at the close of business, representin
TRADE BRIEFS
From Wire and Staff Reports |
PARIS FASHION HOUSE ANNOUNCES PURCHASEStruggling French fashion house Balmain has been bough
Maritime
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