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SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,640-$1,700 per ton lots & in wareh
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Jan. 24, 1991 Prices in the spot chemicals table include spot quotations or list price
TIME FOR GLOBAL REEFER SHIPMENTS IS RIPE
Duncan Robinson |
As refrigerated container technology nears perfection, the time is ripe for shippers of fruit and pr
WAR KEEPS HONG KONG SHIPS OUT OF THE GULF
Penelope Hill |
Hong Kong shipowners, facing rocketing insurance and operating costs for freight to the Middle East
PETROCHEMICAL UNITS IN SAUDI ARABIA OPERATING NORMALLY
Pei-Tse Wu |
Even with action heating up in the Persian Gulf and Iraqi Scud missiles being blown out of the skies
THE ECONOMY
Wire and Staff Reports |
RECEIPTS DECLINE AT US CUSTOMSWASHINGTON - U.S. Customs duties receipts, which some economis
AMBASE DEBT DEFAULT SENDS RATINGS LOWER
Brigitte Maxey |
Moody's Investors Service downgraded Ambase Corp.'s senior debt rating to Caa, reflecting bonds in p
EIGHT TANKERS LOAD CARGO AT RAS TANURA, JUAYMAH
Knight-Ridder Financial |
At least eight tankers were loading at Saudi Arabia's oil terminals at Ras Tanura and Juaymah Thursd
Maritime
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Jan. 23, 1991CRUDE OIL(1,000 barrels; dollars and cents
PARIS COUTURE SALONS AMONG VICTIMS OF WAR
From Wire Reports |
The decline of the dollar has knocked the bottom out of haute couture and the Persian Gulf crisis is
Maritime
US HOUSEWARES MAKERS LOOK ABROAD FOR SALES
Nancy Ryan |
When jotting down reminders for the next year, American housewares manufacturers might do well to sc
Maritime
PUERTO RICAN INDEPENDENCE PUERTO RICO INDEPENDENCE COULD PARE CARIBBEAN TRADE INITIATIVE'S BENEFITS
Kevin Commins |
Puerto Rican independence would reduce some of the advantages of the Caribbean Basin Initiative to A
Maritime
TRADE BRIEFS
Wire and Staff Reports |
GERMANS REJECT CHARGES OF SELLING ARMS TO IRAQ BONN, Germany - Top German industries angri
Maritime
US SANCTIONS ON SOVIETS SEEN UNLIKELY UNLESS PUSH FOR SUMMIT MEETING FAILS
Michael S. Lelyveld |
Despite congressional condemnation of the Soviet crackdown in the Baltic republics, there is a growi
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
MIDEAST NATIONS SEEN SEEKING THAI RICEThe gulf war has given Thailand an opportunity to boos
COST-CUTTING MEASURES LEAD TO STRONG CONRAIL EARNINGS HIGH FUEL PRICES HIT BN, NS HARDER
Geoffrey Brown |
Higher fuel prices drove fourth-quarter profits down at Burlington Northern Railroad Co. and Norfolk
AIRBUS INDUSTRIE EXPECTS TO SNARE 34 PERCENT SHARE OF AIRCRAFT MARKET
John Zarocostas |
European aircraft manufacturer Airbus Industrie expects to obtain a 34 percent share ofthe global ma
MARITIME BRIEFS
From Wire and Staff Reports |
ACE GROUP TO CONTINUE ROUTE AROUND AFRICATOKYO - The Ace Group of three shipping lines decid
Maritime
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 216.02 off 1.11 which compare
FREIGHT RATE FUTURES
JOC Staff |
Jan. 24, 1991 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
DUTCH SHIPPERS PROTEST SHIP RATES
Bruce Barnard |
Dutch shippers are spearheading a protest by European exporters against shipping lines that sharply
LOOSENING OF CONTROLS ON EXPORTS HITS LIMITS
Richard Lawrence |
American business is about to benefit from a series of government decisions easing strategic export
GROUPS FORM NY MARKETING JOINT VENTURE
From Wire Reports |
The formation of a joint marketing venture, Evergreen Partners, Inc., was announced Tuesday by Charl
TOPIC: CAPITOL HILL
(Interview was conducted by insurance reporter Aviva |
Q: The official word from Treasury is that they are still undecided about recommending expanded bank
MEXICO OIL EXPORTS UNAFFECTED BY SALVO FROM RULING PARTY
Paula L. Green |
The Mexican government says it will continue to honor all of its oil contracts with theUnited States
OCCIDENTAL'S WITHDRAWAL FROM CHINA COULD BE SLOW PROCESS, EXPERTS SAY
Helen Berg |
It could take Occidental Petroleum Corp. as long as two years to dissolve its joint-venture coal pro
DELTA POSTS RECORD LOSS FOR QUARTER
Knight-Ridder Financial |
Delta Air Lines Wednesday reported a record net loss for the fiscal second quarter, ended Dec. 31, o
DAILY PETROLEUM PRICES
JOC Staff |
Thursday Jan. 24, 1991 Prevailing sellers' posted prices at the close of business, represent
SILVER HITS 17-YEAR LOW ON HEAVY LIQUIDATION
Knight-Ridder Financial |
Silver futures prices Thursday plunged to their lowest level in 17 years on heavy liquidation.
ANALYSTS, TRADERS RELUCTANTLY PREPARE FOR QUARTERLY CRUSH, FATS/OILS DATA
Rosalind Krasny |
The U.S. recession and federal budget cuts will hit home to grain traders this year as the influenti
CHEMICAL EARNINGS
From Wire and Staff Reports |
VISTA CHEMICAL POSTS FISCAL 1ST-QUARTER LOSSVista Chemical Co. of Houston Thursday reported
CHEMICAL BRIEFS
From Wire and Staff Reports |
HENKEL TO BUILD NEW TEXTILE LABHenkel Corp. Thursday said it will build a new research and d
MARAD ASKED TO OK SHIP SALE
Journal of Commerce Staff |
Texaco Refining and Marketing Inc. is seeking Maritime Administration permission to sell its U.S.-fl
Maritime
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural Service Agri
Maritime
CORRECTION
JOC Staff |
The cargo ship Eagle Nova is registered in Germany, contrary to information initially available from
SEVERAL SHIP LINES ORGANIZE FEEDER SERVICES IN GULF
Janet Porter |
A number of shipping lines that suspended services to northern destinations in the Persian Gulf when
AIR WAR-RISK RATES FOR GULF DIP AFTER SHARP FALL IN MARINE COSTS
Lorraine Iannello |
Even if the shooting in the Persian Gulf stopped today, aviation war- riskrates would remain high, s
JET FUEL STOCKS ADEQUATE FOR WAR, OIL OFFICIALS SAY
From Wire Reports |
Thirsty allied jets are sucking up vast amounts of fuel in raids on Iraq but oil industry officials
NEWS SUMMARY
JOC Staff |
* Customs Update 5A * Howard Simon - Simon Says 7A* Premium Talk: Independent Insurance Agen
TREASURY DEPARTMENT ENTERS DEBATE ON INDUSTRY REGULATION STUDY TO ASSESS INDUSTRY'S HEALTH
Aviva Freudmann |
The Treasury Department has entered the debate over the regulation of the insurance industry by unde
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