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3 REGIONAL TRADE BLOCS SEEN LIKELY SCENARIO
Bill Mongelluzzo |
Even economists who shudder at the thought of the world dividing itself into three regional, competi
Maritime
SEN. LEAHY OPPOSES FAST-TRACK EXTENSION
John Maggs |
Sen. Patrick Leahy, D-Vt., chairman of the Agriculture Committee, said he would oppose extending tra
FMC DENIES REQUEST FOR TARIFF CHANGE WAIVER
WILLIAM DiBENEDETTO |
The Federal Maritime Commission denied a vessel operator's request to change tariff rates in the U.S
Maritime
SOVIET MINERS STEP UP STRIKE, CALL FOR TALKS BY THURSDAY
From Wire Reports |
Soviet coal miners, demanding better pay and conditions and the resignation of President Mikhail Gor
EAST GERMAN YARDS TO RECEIVE MILLIONS IN FEDERAL SUBSIDIES FUNDS TO COME AFTER REORGANIZATION PLAN
Miriam Widman |
The Bonn government has decided to bail out the east German shipbuilding industry through millions o
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago3/5 3/4 Change % Change:
BALTIC FREIGHT INDEX
JOC Staff |
1726 (Mar. 5, 1991) Previous day - 1714 The Baltic International Freight Futures Market in L
Maritime
SANTA FE HELPS OOCL ESTABLISH INTERMODAL RAIL NET CROSS-COUNTRY SERVICE TO RUN TWICE A WEEK
Allen R. Wastler |
Orient Overseas Container Line has established a new dedicated intermodal service between the West C
US-UK AVIATION TALKS SEEN LIKELY TO BE RESOLVED BY FRIDAY
KIM GRIGGS And MARY FOLEY |
Negotiations to amend a bilateral aviation treaty between the United States and the United Kingdom l
NEW ATLANTIC SERVICE HAULS BULK CHEMICALS
Janet Porter |
United Transport International PLC, of London, began a new trans-Atlantic service this week speciali
Maritime
MASS. JUA CUTS RATES FOR MALPRACTICE COVER
Journal of Commerce Special |
The Joint Underwriting Association of Massachusetts will lower its medical malpractice insurance rat
DAILY PETROLEUM PRICES
JOC Staff |
Tuesday Mar. 5, 1991 Prevailing sellers' posted prices at the close of business, representin
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Mar. 5, 1991 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 27.50
US SEALIFT NEEDS MORE SHIPS, WAR SHOWED
Bruce Vail |
The U.S. merchant marine is deficient by some 20 to 25 roll-on, roll-off cargo vessels, the Pentagon
US COMPANIES CHASTISED FOR IGNORING OPPORTUNITIES IN ASIAN GROWTH SPOTS
Mark Magnier |
Robert Oxnam, president of the Asia Society, recently conducted an unscientific study to find out ho
Maritime
MADIGAN VOWS TO PROTECT US FARMERS' INTERESTS
Knight-Ridder Financial |
U.S. Agriculture Secretary-designate Edward Madigan vowed Thursday to ''fight like a junkyard dog" t
MALTA REVISES FLAG RULES FOR BAREBOAT-CHARTERED SHIPS
Journal of Commerce Staff |
A new law in effect in Malta allows the Maltese flag to fly over foreign ships on bareboat charter t
Maritime
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,530-$1,540 per ton lots & in warehouse min. 99.
SINGAPORE OIL FUTURES
JOC Staff |
*Singapore International Monetary Exchange Mar. 5, 1991Dubai Crude Oil - (Dollars Per Barrel
GORDON PLATT'S FINANCING TRADE
Gordon Platt |
THE EXPORT-IMPORT BANK of the United States has a new policy permitting the financing of 100 percent
FINANCIAL BRIEFS
Wire and Staff Reports |
US NET GULF WAR COST PUT AT $15 BILLIONThe Persian Gulf military campaign will cost the Unit
NORTHWEST AIRLINES PILOTS REJECT CUTS IN PAY, MAY SEEK OWNERSHIP STAKE
(Reuter) |
Pilots at Northwest Airlines said Monday they have rejected management requests for a pay cut but ar
WESTERN COMPANIES WILL HELP SOVIETS UPGRADE AIR TRAFFIC MANAGEMENT SYSTEM
Geoffrey H. Brown |
Five Western companies joined with the Soviet Union's aviation research institute to plan and assist
POLAND IN RUNNING FOR DEBT RELIEF
Richard Lawrence |
The United States and other industrial nations are close to agreeing to a major debt relief plan for
FACTORY ORDERS FELL IN JANUARY
From Wire Reports |
Orders received by U.S. factories fell 1.7 percent in January, the Commerce Department said Tuesday,
DROUGHT EXPECTED TO CUT CALIF. FARM ACREAGE 10 PERCENT
Knight-Ridder Financial |
Farm acreage in drought-stricken California will likely drop by up to 10 percent this year, causing
IOWA INTERSTATE RAILROAD CHANGES MANAGEMENT
R.G. Edmonson |
Iowa Interstate Railroad is getting its second management team in less than six months. Offi
JAPANESE SEEK AUSTRALIAN AID IN LIFTING DUTY ON CONDENSATES
Knight-Ridder Financial |
Japanese petrochemical companies are trying to enlist the help of Australian condensate producers in
AUSTRALIA'S BROKEN HILL WEIGHS HUGE MINE EXPANSION IN CHILE
Knight-Ridder Financial |
Australia's Broken Hill Proprietary Co. may consider a huge expansion of its Escondida copper mine i
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Monday at 219.69 up 1.75 which compares wi
TRADE BRIEFS
Wire and Staff Reports |
HONDA TO START EXPORTS TO EUROPE NEXT WEEKTORRANCE, Calif. - The first U.S.-made Hondas boun
Maritime
REPORTER'S NOTEBOOK
Janet Aschkenasy |
ARE BIGGER SPECIALTY BROKERS BETTER, or are they bitter? The potential sale of Willis Faber
US FIRMS LEERY ON REPAIRING IRAQ
Paula L. Green |
Political concerns and Iraq's empty coffers will keep U.S. companies away from any immediate effort
KUWAIT DEALS MAY END ARAB BOYCOTT
Michael S. Lelyveld |
Participation of U.S. companies in the rebuilding of Kuwait may present a golden opportunity to end
STRIKE TALKS FAIL IN BRAZIL
Knight-Ridder Financial |
A meeting Tuesday between striking oil workers and representatives of Petrobras SA, the national oil
GHANA SUSPENDS COCOBOD DIRECTOR
Knight-Ridder Financial |
Ghana has suspended Cocoa Marketing Co. Managing Director Mamah Gado Mohammed, pending conclusion of
COST OF CREDIT
JOC Staff |
Tue., March 5, 1991 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
SPOT COMMODITIES
JOC Staff |
Mar. 5, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
NORWAY URGED TO LIMIT OIL DEPENDENCE
Knight-Ridder Financial |
Norway should stick to a long-term strategy of limiting its economic dependence on oil production a
ASIAN WORKERS HOPE TO RETURN TO KUWAIT
From Wire Reports |
Francis D'Souza, an Indian trader, soon may be selling carpets in Kuwait again. And Jun Roble, a Fil
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