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TRAFFIC BRIEFS
Wire and Staff Reports |
S&P AFFIRMS $1.4 BILLION OF CONRAIL DEBTStandard & Poor's Tuesday affirmed Consolidated Rail
COAL BRIEFS
JOC Staff |
COAL OUTPUT RECORD FORECAST FOR 1991Growing U.S. demand for electricity should push 1991 coa
CLEAN AIR ACT COULD DEVASTATE ILL. COAL, PRODUCER SAYS
Kevin Commins |
Demand for Illinois coal could drop as much as 50 percent in the next several years due to the impos
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Financing Trade 3A * EC 1992 Regulatory Roundup 5A* Richard Lawrence - Trad
SANTA FE ENERGY CHIEF DETAILS HEDGING PROGRAM FOR OUTPUT
Knight-Ridder Financial |
Santa Fe Energy Resources Inc. hedged 77 percent of its 1991 production at a West Texas Intermediate
DUN & BRADSTREET WILL ASSIST CHINA IN COLLECTING OVERSEAS DELINQUENT BILLS
P.T. Bangsberg |
Dun & Bradstreet Corp. has signed a deal with a Chinese state agency that will give it leverage in e
RAIL UNION CITES PROGRESS ON HEALTH, WELFARE ISSUES
Geoffrey H. Brown |
A tentative agreement on health and welfare issues may have been reached between the Transportation
JAPANESE BANKS POST PROFIT DROP
From Wire Reports |
Commercial banks showed an average 30 percent drop in pretax profits for the year ended March 31, th
JAPANESE CARRIERS GIRD FOR POSSIBLE DOCK STRIKE
Leeann Lodder |
Japanese shipping lines are making contingency plans to keep cargo headed for Japan on schedule if
Maritime
CALIF. WINDING UP FIRST EXECUTIVE PROBE
Wire Reports |
The California Department of Insurance expects to wrap up its probe of Los Angeles-based First Execu
PROPOSAL TO LINK SUBSIDIES TO INCOME FACES UPHILL BATTLE
Knight-Ridder Financial |
An attempt to tie farmers' income to their eligibility for subsidies faces strong resistance from fa
COMMODITY BRIEFS
From Wire and Staff Reports |
GHANA PLANS TO FIGHT FOR COCOA FLOOR PRICEACRRA, Ghana - Ghana plans to fight for price-supp
HEALING OF RIFT BETWEEN CFTC, SEC MIGHT BE IN SIGHT
Knight-Ridder Financial |
The U.S. Treasury and the Commodity Futures Trading Commission are closer to resolving contentious i
$87.5 MILLION LOAN NEAR FOR SUCDEN, KEY BANKER SAYS
Jackie Cowhig |
French trading house Sucres et Denrees will sign on April 11 the 500 million franc ($87.47 million)
GASOLINE PRICES
JOC Staff |
Apr. 9, 1991 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Premi
NYK LINE TO LEASE FOUR CONTAINERSHIPS TO NEPTUNE ORIENT
Leeann Lodder |
Singapore-based Neptune Orient Lines Ltd. and Tokyo-based Nippon Yusen Kaisha will share use of fou
Maritime
CHINESE IMPASSE COULD DELAY HONG KONG AIRPORT PROJECT TALKS FAIL BETWEEN BEIJING, UK'S HURD
P.T. Bangsberg |
Talks on the colony's new airport will continue "for a few days," but the project could be delayed a
ENERGY BRIEFS
Wire and Staff Reports |
OXY ASSETS ATTRACT JAPANESE REFINERAn unidentified Japanese refining company is considering
ICC MOVES TO LOOSEN RAIL RULES ON REBATES
Geoffrey H. Brown |
The Interstate Commerce Commission Tuesday moved toward permittingrailroads to give financial assist
BAUCUS BACKS RETRAINING PROGRAM
John Maggs |
The chairman of a Senate trade subcommittee called for a federal program to retrain workers displace
Maritime
INSOLVENCY EXPERTS LOOK AT FEDERAL FRAUD STATUTE FOR INSURANCE INDUSTRY
Aviva Freudmann |
Federal prosecutors investigating insurer insolvencies should have available a specific industry cri
1992 - THE EUROPEAN COMMUNITY ROUNDUP - WEEK OF APRIL 8.
Journal of Commerce Staff |
The European Commission will submit a draft text of a joint declaration on EC- Japanese relations to
Maritime
EASTERN NORTH CAROLINA YIELDS TITANIUM MINING TREASURES
Knight-Ridder Newspapers |
Mining companies are combing ancient inland beaches of Eastern North Carolina and drilling into mine
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Apr. 8, 1991CRUDE OIL(1,000 barrels; dollars and cents
SINGAPORE OIL FUTURES
JOC Staff |
*Singapore International Monetary Exchange Apr. 9, 1991Dubai Crude Oil - (Dollars Per Barrel
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Apr. 9, 1991Brent Crude Oil - (Dollars Per Barrel)-
COST OF CREDIT
JOC Staff |
Tue., April 9, 1991 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Monday at 221.51 up 1.06 which compares wi
FERRY OPERATORS TO RESUBMIT PLAN FOR JOINT ENGLISH CHANNEL OPERATION
Janet Porter |
The two largest ferry operators on the Dover-Calais route between England and France are exploring a
Maritime
MARCH RAIL CARLOADINGS, INTERMODAL FREIGHT PLUNGED
Lawrence H Kaufman |
Based on railroad traffic, the recession isn't over. Rail carloadings in March fell 7.9 perc
VENEZUELA TO DEVELOP OIL, BITUMEN COAL IN ORINOCO BELT
Knight-Ridder Financial |
Venezuela, with recoverable energy reserves equal to those in Saudi Arabia,plans to develop
ENRON CHIEF EXPECTS FIRST 15-YEAR GAS PACT SOON
Knight-Ridder Financial |
Enron Corp. expects to conclude its first 15-year natural gas term sales contract within two to thre
JAPAN'S DOCKERS TO STRIKE PORTS LINES PREPARE TO SHIFT CARGO
A.E. Cullison |
Leaders of Japan's 50,000-member longshoremen's unions announced plans Tuesday to close nine of the
BROHL TO RESIGN HER POST AS CHICAGO MARITIME DIRECTOR
Kevin Commins |
Helen Brohl, maritime director of the Port of Chicago, is resigning in May for personal reasons.
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
GERMAN TRADE SURPLUS REACHES $1.6 BILLIONFRANKFURT, Germany - Germany's trade surplus widene
JOFC NAMES ABRAMSON AS MANAGING EDITOR
Journal of Commerce Staff |
Howard Abramson will become managing editor of The Journal of Commerce June 1. Editor Scott
Maritime
PANEL HAS WIDE MARITIME AND SHIPPER REPRESENTATION
Journal of Commerce Staff |
The 17-member Advisory Commission on Conferences in Ocean Shipping, which will examine U.S. maritime
Maritime
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,420-$1,430 per ton lots & in warehouse min. 99.
NEPTUNE ORIENT CHRISTENS FEEDERSHIP
Mark Magnier |
Neptune Orient Lines Ltd. christened the first of three feeder vessels Saturday at the dockyards of
Maritime
PEOPLE - INSURANCE
Wire and Staff Reports |
ENERGY INSURANCE MUTUAL (Tampa, Fla.) - Wayne M. Jacobson, joined EIM as the company's first underwr
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