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Platts Containers Update
CORRECTION
JOC Staff |
Containership Agency Inc. no longer represents Italian Line. The line was inadvertently included in
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Currency Forecast 3A * JofC Industrial Price Index 8A* Larry Kaufman - Insi
LEGISLATOR WILL OPPOSE EXPEDITED MEXICO PACT
Richard Lawrence |
Rep. John LaFalce, D-N.Y., announced he will oppose expedited legislative consideration of a propose
Maritime
FMC DISMISSES SAFBANK CASE
Journal of Commerce Staff |
The Federal Maritime Commission dismissed a Safbank Line Ltd. complaint alleging that a shipper fail
Maritime
CITIBANK DEAL RAISES FUNDS FOR TELEFONOS DE MEXICO
Journal of Commerce Staff |
Citibank announced it arranged a US$570 million, five-year private placement for recently privatized
Maritime
CORRECTION
JOC Staff |
A Lloyd Brasileiro ship, the Itapage, under arrest in Jacksonville, Fla., since late last year, is n
Maritime
HONG KONG MAKERS OF ELECTRONICS HAIL RESULTS OF US SHOW STRONG SALES TO NON-US BUYERS
P.T. Bangsberg |
Local electronics companies more than doubled sales at the recent Winter Consumer Electronic Show in
Maritime
GASOLINE PRICES
JOC Staff |
Feb. 1, 1991 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Premi
COOLER SOVIET-WEST RELATIONS SEEN HURTING SOYMEAL TRADE
Knight-Ridder Financial |
A cooling in relations between the Soviet Union and the West may cut future Soviet soybean meal purc
MARITIME BRIEFS
From Wire and Staff Reports |
HOUSTON PORT AGENCY CREATES NEW DIVISIONHOUSTON - The Port of Houston Authority consolidated
Maritime
ECONOMIC DATA ABROAD
Wire and Staff Reports |
S. KOREA TRADE DEFICIT REACHES A RECORD HIGHSEOUL, South Korea - South Korea registered its
SWISS LIFE INSURERS PRESSURED TO INCREASE RETURN ON CAPITAL
John Zarocostas |
Swiss life insurers must shift their investment patterns and practice better risk management if they
BONN: $11 BILLION IN GULF ASSISTANCE
From Wire Reports |
Germany, anxious to show it is not shirking its responsibilities in the Persian Gulf war, said Frida
PUBLISHER IN THAILAND CONSIDERS BUYING UPI
P.T. Bangsberg |
One of Thailand's largest publishers says he will hold talks in New York this week on the possibilit
STATE BANK OF VICTORIA LICENSE REVOKED
Knight-Ridder Financial |
The banking license of the State Bank of Victoria, one of Australia's largestfinancial insti
STOCK MARKET UNCERTAINTY COULD PUSH INVESTORS TOWARD MUNICIPAL BONDS
Lorraine Iannello |
The Persian Gulf crisis will continue to push investors away from the stock market and toward "safe,
O'HARE: P/C INSURERS WILL WEATHER RECESSION
From Wire Reports |
The U.S. property and casualty insurance industry as a whole will pull through the current recession
SURVEY SHOWS ANALYSTS EXPECT CONTINUED UNDERWRITING DECLINE
From Wire and Staff Reports |
In an annual February survey conducted by the Insurance Information Institute, stock analysts found
ITALY'S INA RESISTS MOVE TOWARD PRIVATIZATION
Rosy Nimroody |
Italy's Istituto Nazionale Assicurazioni (INA), the national insurance service and the largest state
UK EXCHANGE CONSIDERS GLOBAL GRAIN CONTRACT
Knight-Ridder Financial |
International grain traders will meet with officials from the London Futures and Options Exchange Fr
INSURANCE BRIEFS
Wire and Staff Reports |
REINSURER OF BANKS TO DISTRIBUTE PROFITSA mutual reinsurance company that covers bond risks
COMMODITY BRIEFS
Wire and Staff Reports |
MEXICO SAID TO HIKE TAX ON IMPORTED SUGARMEXICO CITY - Mexico has increased taxes on importe
NIGERIAN CARRIER HOPES TO FILL VOID IN LIBERIA
Erich E. Toll |
A recently established Nigerian shipping line hopes to do something no other ocean carrier has done
Maritime
CAN EUROPEANS SUCCEED WHERE BOEING FAILED?
From Wire Reports |
Can the Europeans succeed in Canada where Boeing Co. failed? The mighty U.S. aircraft maker
COMMODITY BRIEFS
Wire and Staff Reports |
SOUTH KOREA TO BOOST AGRICULTURAL IMPORTSSEOUL, South Korea - The South Korean government wi
AVONDALE POSTS NET LOSS FOR 1990 FOURTH QUARTER
From Wire Reports |
Avondale Industries Inc. had a net loss of $6.3 million for the fourth quarter of 1990, compared wit
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago2/1 1/31 Change % Change:
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Feb. 1, 1991 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 32.55
PRAGUE TO PROPOSE PRIVATIZATION PLAN
Knight-Ridder Financial |
A scheme to allow the privatization of large industries in Czechoslovakia is likely to be presented
Maritime
MASSACHUSETTS' HEALTH CARE LAW THREATENED
Journal of Commerce Special |
Massachusetts' new Republican governor, William Weld, was threatening last week to gut the nation's
LA AND LONG BEACH STILL ARE LEADING CONTAINER COMPLEX PORTS SAY VOLUME ROSE SLIGHTLY IN '90
Bill Mongelluzzo |
The neighboring ports of Los Angeles and Long Beach in 1990 moved a combined total of 3.7 million 20
Maritime
MARITIME INDUSTRY GROUPS COOPERATE TO ELIMINATE SUBSTANDARD SHIPPING
Janet Porter |
A new spirit of cooperation is apparent in the shipping industry as marine insurers, classification
Maritime
CHEMICAL BRIEFS
Wire and Staff Reports |
OLIN CORP. FORMS CANADIAN SUBSIDIARYCorp. formed a new company, Olin Canada Inc., in order t
MARITIMA ARAGUA SEEKS UNPAID FEES
Journal of Commerce Staff |
A Maritima Aragua SA complaint before the Federal Maritime Commission seeks over $12,000 in alleged
Maritime
SENATORS PREPARE FOR BATTLE OVER GLOBAL WARMING ISSUE
Tim Sansbury |
A proposal Senate Democrats are preparing to introduce this week could raise the heat under the simm
650 ILA MEMBERS RETIRE EARLY 15 PERCENT OF NY-NJ FORCE AFFECTED MY MOVE
Journal of Commerce Staff |
About 650 dockworkers filed for early retirement during a 60-day window period that expired Thursday
Maritime
*SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Feb. 1, 1991Dubai Crude Oil - (Dollars Per Barrel)
LOWER WORLD COCOA SURPLUS SEEN
Knight-Ridder Financial |
The world cocoa surplus in 1990-91 will fall to 140,000 metric tons, with total stocks at 1.613 mill
INDIA SEEKS SUGAR-OIL SWAP WITH INTERNATIONAL TRADERS THREE COMPANIES HOLD NEGOTIATIONS
Jackie Cowhig |
India is seeking a sugar-for-oil swap with international traders, sources close to negotiations said
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