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US OPPOSES EXPANSION OF UN CODE OF CONDUCT
Bruce Vail |
A split between the United States and European governments over expansion of a multinational maritim
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
DULUTH-SUPERIOR CARGO INCREASES
Knight-Ridder Financial |
The Port of Duluth-Superior handled 37.025 million metric tons of cargo in 1990, narrowly surpassing
Maritime
WTI PRICES FOR FEBRUARY DELIVERY RISE
Knight-Ridder Financial |
A scramble to secure supplies of West Texas Intermediate crude for February delivery pushed prices o
ASIAN FUTURES
JOC Staff |
Jan. 25, 1991 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond
ISRAEL OFFERS WAR-RISK INSURANCE
Erich E. Toll |
Israel's government began offering war-risk insurance for ships, aircraft and most types of cargo in
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
*SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Jan. 25, 1991Dubai Crude Oil - (Dollars Per Barrel
JAPAN'S OUTPUT OF ETHYLENE, AROMATICS HITS RECORD HIGH
Knight-Ridder Financial |
Japan petrochemical production hit record highs last year, driven by growing demand from car and app
FINANCIAL BRIEFS
Wire and Staff Reports |
DEVALUATION COULD HURT UK INTEREST RATESLONDON - U.K. Prime Minister John Major told members
STATE DEPARTMENT PULLS STAFF FROM TANZANIA
From Wire Reports |
The State Department said Friday it had ordered non-essential government personnel and families of e
Maritime
NESTE CONSIDERS INDONESIA FOR PETROCHEMICAL COMPLEX
Jacob Daniel |
Finnish oil and chemicals group Neste Oy is eyeing Indonesia as the possible site of a US$2 billion
US-MIDEAST CONFERENCE TO HIKE FUEL SURCHARGES
Bill Mongelluzzo |
Shipping lines carrying cargo from the U.S. West Coast to the Middle East will increase their fuel s
Maritime
DOLE TAKES OVER INTERCONTINENTAL
Journal of Commerce Staff |
Dole Fresh Fruit Co. said it took over the vessel operations of Intercontinenta l Transportation Ser
Maritime
PERSIAN GULF SPILL COULD BE DISASTROUS FOR ENVIRONMENT
Arthur Gottschalk |
In the early 1970s, Middle East oil producers used what they called "the oil weapon" to try to influ
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Jan. 25, 1991*Brent Crude Oil - (Dollars Per Barrel)
RESTRUCTURING WRITE-OFF PRODUCES LOSS AT APC WALL STREET LOSES INTEREST IN SHIPPING
Allen R. Wastler |
Wall Street interest in the shipping industry is fading as fewer and fewer analysts and investment h
CZECHOSLOVAKIAN TRADE GAP WIDENED AGAIN IN DECEMBER
Knight-Ridder Financial |
Czechoslovakia's trade deficit continued to widen in December, reaching 6.2 billion korunas ($221 m
JAPANESE GOVERNMENT PREDICTS 3.8 PERCENT GROWTH
A.E. Cullison |
The Japanese economy will continue to expand throughout 1991 despite the gulf war, unless the fighti
GINSENG PROVES UNUSUAL BUT LUCRATIVE EXPORT
Wire Reports (Reuter) |
The term ginseng is often equated with the exotic, medicinal root grown primarily in China and South
Maritime
ITALY'S ECONOMIC GLOBALIZATION A PAINFULLY SLOW PROCESS AMERICANS REMAIN LEADING INVESTORS
Rosy Nimroody |
Italy is making slow progress in internationalizing its economy and has yet to catch up with the lev
Maritime
EGYPT SEEKS TO RAISE WHEAT PRODUCTION, CUT CONSUMPTION
Gayle Young |
When anxious Egyptian hoarders stripped store shelves of bread during the first days of the Persian
NORTHWEST ARKANSAS AIRPORT BACKERS LOOK OUTSIDE FOR CARGO BUSINESS
John Boyd |
The proposal to draw federal funds to a hoped-for cargo and maintenance airport in northwest Arkansa
HONG KONG STAYS THE COURSE ON AIRPORT TALKS WITH CHINA SET TO RESUME
P.T. Bangsberg |
Work will proceed to bring Hong Kong's new airport into operation "as early as possible," a senior o
NEW US FARM ACT DRAWS CRITICISM
JOC Staff |
Seething at a new federal law that caps crop prices at 1990 levels for five years, the nation's farm
BALTIC FREIGHT INDEX
JOC Staff |
1466 (Jan. 25, 1991) Previous day - 1465 The Baltic International Freight Futures Market in
Maritime
PUERTO RICO EASES SUPPLY WORRIES WITH CONTRACT FOR VENEZUELAN OIL
Larry Luxner |
Puerto Rico signed a contract to buy 500,000 barrels of high-sulfur residual fuel oil a month from t
ENERGY BRIEFS
Wire and Staff Reports |
LAWMAKER SEEKS PROBE OF GASOLINE PRICINGSuspecting price-gouging at the gasoline pump, Rep.
FREIGHT FUTURES
Barry Parker |
LAST WEEK, OCEAN FREIGHT FUTURES PRICES traded within a range that reflected the belief that the mar
Maritime
GEARBULK DROPOUT IN PACIFIC TIED TO CONFERENCE PENETRATION
Allen R. Wastler |
Gearbulk Container Services is dropping out of the Pacific trades because full-service intermodal ca
Maritime
YEUTTER: USSR STILL ELIGIBLE FOR US CREDIT PACKAGE
Knight-Ridder Financial |
U.S. Department of Agriculture Clayton Yeutter Friday said the Soviets currently remain eligible for
MARITIME BRIEFS
Wire and Staff Reports |
FIVE GULF TANKERS TRANSITED SUEZ FRIDAYCAIRO, Egypt - The Suez Canal Authority said five oil
Maritime
SINGAPORE UNIT OF ORIX GETS NOD TO JOIN SIMEX
Knight-Ridder Financial |
Orix Commodities Singapore Pte, a wholly owned subsidiary of the Japanese firm Orix Commodities Corp
CHINESE LAUNCH EXPANSION PROGRAM FOR PETROCHEMICALS
P.T. Bangsberg |
China is planning more than a dozen large-scale petrochemical projects for the next five years, the
JAPANESE GROUP URGES TOKYO TO EASE RICE IMPORT POLICY MOVE SEEN VITAL TO GATT REVIVAL
Knight-Ridder Financial |
The leader of Japan's most powerful business group Friday called on the Japanese government to open
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Jan. 24, 1991CRUDE OIL(1,000 barrels; dollars and cents
DAILY PETROLEUM PRICES.
JOC Staff |
Friday Jan. 25, 1991 Prevailing sellers' posted prices at the close of business, representin
RISE IN TOKYO PRICES WORRIES MARKET
Knight-Ridder Financial |
The rise in the mid-January Tokyo consumer prices index, following two months of declines, reinforce
INSURERS SIGNAL TREASURY: KEEP BANKS OUT OF INSURANCE
Aviva Freudmann |
As the release date of the Treasury Department's study on banking reform draws near, insurers are in
BOARD GAME MAKERS CASH IN ON GULF CRISIS
From Wire Reports |
Sales of board games depicting Persian Gulf mayhem are a hit with customers as manufacturers move qu
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