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GREEK SHIPOWNERS URGE US TO PROVIDE OIL POLLUTION COVER
Janet Porter |
Greek shipowners are urging the U.S. government to provide oil pollution insurance. This is the only
CONSOLIDATOR OFFERS NEW SERVICES
Journal of Commerce Staff |
Seaport Shipping Agency Ltd. recently began offering ocean freight consolidation services from three
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Monday Feb. 25, 1991 Prevailing sellers' posted prices at the close of business, representin
TONY SEIDEMAN - EDI EXCHANGE
Tony Seideman |
OCEAN LINES ARE SUFFERING from tunnel vision when it comes to tariff automation, says Rob Quartel a
ECONOMIC DATA ABROAD
Wire and Staff Reports |
CURRENT ACCOUNT DEFICIT WIDENS IN THE UKThe United Kingdom's seasonally adjusted current acc
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
NEW PRODUCTS
Wire and Staff Reports |
TV DEVICE HELPS VIEWERS KEEP DISTANCEIf you subscribe to the unproven theory that watching t
Maritime
HOSPITAL GROUP CLAIMS NJ OWES OVER $22 MILLION
From Wire Reports |
Claiming that the state still owes hospitals more than $22 million in payments from the Uncompensate
HOUSE EXPORT BONUS BILL LIKELY TO BE SCALED BACK
Knight-Ridder Financial |
A bill to authorize $5 billion for the export bonus program over the next five years will likely hav
MALAYSIA'S JOHORE SETS EXPANSION
Journal of Commerce Staff |
Southern Malaysia's Port of Johore, just across the causeway from Singapore,plans to extend
Maritime
517 OIL WELLS BURNING IN KUWAIT
Knight-Ridder Financial |
Iraqi forces set at least 517 Kuwaiti oil wells on fire, a U.S. general in Saudi Arabia said Monday.
OPEC MINISTERS BEGIN TALKS ON POSTWAR OUTPUT STRATEGY
Knight-Ridder Financial |
The oil ministers of Algeria, Indonesia and Libya Monday started informal discussions with Subroto,
COMPANIES COMPETE FOR PIECE OF KUWAIT REBUILDING BUSINESS
John N. Maclean |
Throughout the months following the invasion of Kuwait, the nation's government-in-exile has been co
SPOT COMMODITIES
JOC Staff |
Feb. 25, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
LUFTHANSA CHIEF SEES GULF WAR CREATING BOOM FOR AIR CARGO
John Davies |
Heavy cargo bookings are the one bright spot in a dismal airline industry beset by low passenger tra
GROUP WANTS TRADE TALKS TO INCLUDE ENVIRONMENT
John Maggs |
A group of 17 House members told President Bush they will oppose an extension of trade negotiating a
FOREIGN DEBT GROWS IN CHINA
From Wire Reports |
The new head of China's Foreign Exchange Control Administration said foreign debt was growing rapidl
NATIONAL ACADEMY OF SCIENCES SAYS DOUBLE HULLS ARE BEST SAFETY BET
WILLIAM DiBENEDETTO |
A long-awaited National Academy of Sciences study endorses double hulls for tankers as the best and
Maritime
CRUISE SHIP CREW REFUSED OUTSIDE HELP IN FIRE FIGHT
Buddy Nevins |
A fatigued cruise ship crew could not extinguish last week's blaze aboard the Sovereign of the Seas
Maritime
WARRING SIDES LIKELY TO SHIELD IRAQ OIL TO FINANCE POSTWAR RECONSTRUCTION
Michael S. Lelyveld |
As the ground war rages in the Middle East, experts say both sides will respect the strategic import
THE ECONOMY
Wire and Staff Reports |
DECLINE EXPECTED IN DURABLES ORDERSAnalysts expect U.S. durable good orders to have slid 1.5
COMEX METAL WAREHOUSE
JOC Staff |
Feb. 25, 1991 Copper Total, 13,463. Gold Total, .1,555,087.Silver Total, .264,693,894.
ROSALIND RACHID'S TRADE TALK
Rosalind Rachid |
CECIL B. THOMPSON, President Bush's nominee for the U.S. Export-Import Bank's board of directors, is
Maritime
SOUTHERN PACIFIC AND MEXICAN RAIL SIGN UNIT TRAIN AGREEMENT FOR GRAIN
Gregory S. Johnson |
Southern Pacific Transportation Co. and Ferrocarriles Nacionales de Mexico have joined forces in a p
EC THREATENS LEGAL ACTION ON JAPAN CAR IMPORT QUOTAS
Bruce Barnard |
The European Commission has threatened legal action against European Community countries that mainta
Maritime
IMPORT LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Feb. 25, 1991 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Feb. 25, 1991Brent Crude Oil - (Dollars Per Barrel)
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Feb. 25, 1991Dubai Crude Oil - (Dollars Per Barrel
SWEDISH OWNERS HOPE FOR NEW SHIP REGISTRY
Janet Porter |
Sweden's shipping community is hoping a change of government later this year will prepare the way fo
Maritime
POOR TRAINING HURTS EAST GERMANS
Keith M. Rockwell |
Efforts to upgrade the sagging economy in the five states of eastern Germany are bogging down over t
CSX WINS JOB TO HAUL SHIP CARGO FOR KUWAIT
Erich E. Toll |
CSX/Sea-Land Logistics Inc. won a major contract to move cargo for the government of Kuwait, The Jou
FINANCIAL BRIEFS
Wire and Staff Reports |
US RELEASES SOME KUWAIT BANK ASSETSWASHINGTON - Seven Kuwaiti banks that had their assets fr
AEROFLOT WANTS TO RESUME NEW YORK-SOVIET CARGO SERVICE
Ted Reed |
Aeroflot, the Soviet national carrier, plans to resume cargo service between New York and Moscow on
AUSTRALIAN WOOL PRICES SLIDE BY AS MUCH AS 40 PERCENT
Knight-Ridder Financial |
Australian wool prices Monday fell between 10 percent and 40 percent during the first sales in 20 ye
MARITIME BRIEFS
From Wire and Staff Reports |
PICKETS BLOCK ACCESS TO PORT OF SANTOSSAO PAULO, Brazil - Picketing by strikers at Brazil's
Maritime
LAWYERS THREATENS SUIT AGAINST PORT OF SAN FRANCISCO GROUP ACTS TO END NEDLLOYD OPERATION
Allen R. Wastler |
A lawyers group active in anti-apartheid issues is threatening to sue the Port of San Francisco over
Maritime
CHINESE SEEK BUYERS FOR UNSOLD APARTMENTS
(Reuter) |
The developer of a housing complex built for last September's Asian Games in China plans to offer Be
Maritime
US-CHINA BUSINESS UNIT CONSIDERED CLOSING SHOP
Pei-Tse Wu |
The U.S.-China Business Council's board of directors voted to keep the organization alive after mull
Maritime
GE, JAMAICA WEIGH POWER, BAUXITE VENTURE
Canute James |
The Jamaican government and General Electric Co. of Fairfield, Conn., are studying a joint venture b
Maritime
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