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NEWS SUMMARY
JOC Staff |
* Gordon Platt - Financing Trade 3A * EC1992 Regulatory Roundup 5A* Richard Lawrence - Trade
DOLLAR DIPS AFTER ASIAN, EUROPEAN INTERVENTION
Knight-Ridder Financial |
The U.S. dollar declined Tuesday on massive dollar selling by European and Asian central banks.<
US REDUCES GLOBAL PAYMENTS DEFICIT
Richard Lawrence |
The United States reduced its international payments deficit last year by $10.7 billion to $99.3 bil
ANALYSTS: FAILED DEALS, CULTURE CLASH LED TO BASS' DEPARTURE FROM EMERY
Traffic World |
Arthur C. Bass, Emery Worldwide chairman, was a man running against the clock to satisfy his bosses'
PRODUCT PRICES FALL ON SAUDI INFLUX, BUT RISE EXPECTED
Knight-Ridder Financial |
An influx of Saudi Arabian oil products into the spot market weakened prices in Singapore and throug
ENERGY PANEL URGED TO PRESERVE SHIP POLICY
WILLIAM DiBENEDETTO |
Maritime interests say two issues of vital importance to them, coastal shipping restrictions and the
Maritime
E. EUROPE OIL INVESTMENT TEMPTING BUT PAYOFFS DISTANT
Milan Ruzicka |
Investment opportunities for Western energy companies in central and Eastern Europe look more promis
YANG MING PLANS TWO NEW SERVICES, ADDING NEW CALL AT PORT OF OAKLAND
Allen R. Wastler |
Yang Ming Line is set to start two new container services linking the United States, Far East and Eu
SOVIET REFERENDUM ON UNION SEEN UNLIKELY TO EASE CRISIS
Michael S. Lelyveld |
Despite a furor within the Soviet Union, analysts say a March 17 referendum on the country's future
BALTIC EXCHANGE LOBBIES TO HOUSE FOX MARKETS
Knight-Ridder Financial |
The Baltic Exchange is lobbying to house the recently merged London Futures and Options Exchange and
PRODUCTS MARKETPLACE
From Wire and Staff Reports |
BENZOYL CHLORIDE, BENZOTRICHLORIDE Occidental Chemical Corp. said it is eliminating off-list
5 PRUDENTIAL ENERGY ANALYSTS RESIGN, FORM REFCO AFFILIATE
Knight-Ridder Financial |
Five New York-based energy futures and options traders and analysts at Prudential Securities Inc. re
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FREIGHT RATE FUTURES
JOC Staff |
Mar. 12, 1991 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
DEVELOP ALASKAN REFUGE OIL NOW, OR RISK LOSING IT, WATKINS SAYS
Tim Sansbury |
The Trans Alaska Pipeline could be shut down early and more than a billion barrels of crude oil coul
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Monday at 218.99 off 2.85 which compares w
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,530-$1,540 per ton lots & in warehouse min. 99.
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Mar. 12, 1991Brent Crude Oil - (Dollars Per Barrel)
DAILY PETROLEUM PRICES.
JOC Staff |
Tuesday Mar. 12, 1991 Prevailing sellers' posted prices at the close of business, representi
UNCERTAINTIES NAG US OCEAN TRADES
Bill Mongelluzzo |
Container traffic into U.S. ports will fall in 1991 while exports will show only modest growth, acco
INBOUND PACIFIC RATES TO GROW AN AVERAGE 10 PERCENT
Allen R. Wastler |
Ocean carriers moving goods from the Far East across the Pacific to the United States are going to i
FINANCIAL BRIEFS
Wire and Staff Reports |
INDUSTRIALIZED NATIONS OFFER LOAN TO ROMANIAOTTAWA - The major industrialized nations - led
POLLUTION LAW TO TAKE TOLL ON TUG, BARGE INDUSTRY
WILLIAM DiBENEDETTO |
Joe Farrell, president of the American Waterways Operators, says recent environmental legislation wi
ECONOMIC DATA ABROAD
Wire and Staff Reports |
MACHINERY ORDERS FALL 4.2 PERCENT IN JAPANTOKYO - Japanese makers of machinery saw total ord
PRICE WATERHOUSE LAUNCHES SERVICE DESIGNED TO CUT COSTS OF EXPORTING
Janet Porter |
When a team of export specialists from the international accountancy and management consultancy firm
Maritime
RISE IN COAL SHIPMENTS HELD FALL IN FEBRUARY CARLOADINGS TO 5 PERCENT
Lawrence H Kaufman |
Railroad carloadings in February bumped along at the recession levels of January, but some analysts
JAPANESE INVESTMENT IN ITALY REMAINS BELOW EC STANDARD
Rosy Nimroody |
Japanese investment in Italy is suffering from a "psychological" backlash, according to a Japanese t
Maritime
CAPE TOWN UNVEILS NEW LAND LAWS
From Wire Reports |
The South African government Tuesday submitted draft legislation to Parliament to scrap laws that ha
Maritime
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
HOUSE PANEL SUPPORTS BILL BOOSTING EXPORT BONUS FUNDS
Knight-Ridder Financial |
A House Foreign Affairs subcommittee Tuesday approved a bill that would boost funding for the fiscal
IDEA OF SECOND SHIP REGISTRY IN AUSTRALIA GAINS SUPPORT
Vincent W. Stove |
Support is growing in Australia for the establishment of a "second register" for the country's marit
Maritime
JON JACOBS' INSIDE TALK ON SHIPPING
Jon Jacobs |
"QUALITY" IS THE NEW RELIGION sweeping shipping company boardrooms in the 1990s, as a widening array
Maritime
MEXICO PETROCHEMICAL PLANT EXPLOSION POSES NO FURTHER DANGER, PEMEX SAYS
Pei-Tse Wu |
The explosion Monday at a chlorine chemical plant in southeastern Mexico poses no further danger to
FMC CHAIRMAN SUGGESTS SHIP RATES INCLUDE SURCHARGES
Jon Jacobs |
The nation's top shipping regulator thinks ship lines should make it simpler for their customers to
Maritime
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
PORTS BACK WASH. PLAN TO ESTABLISH FULL-TIME STATE TRADE OFFICE IN PARIS
John Davies |
It may be hard to keep 'em down on the farm after they've seen the international trade office Washin
Maritime
US FREIGHT FORWARDERS READY TO SUPPLY KUWAIT
Paula L. Green |
U.S. freight forwarders are hoping to ride the fortunes of U.S. reconstruction companies gearing up
Maritime
ROSALIND RACHID'S TRADE TALK
Rosalind Rachid |
BETTER TO BE SAFE THAN SORRY. European companies in Mexico aren't taking any chances that co
Maritime
HOUSE PANEL SETS MARAD BUDGET HEARING
Journal of Commerce Staff |
A House maritime subcommittee will begin consideration March 21 on the Maritime Administration's bud
Maritime
AVIATION BRIEFS
Wire and Staff Reports |
UTC, DAIMLER-BENZ SIGN ENGINE ALLIANCEFRANKFURT, Germany - United Technologies Corp.'s Pratt
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