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MARITIME BRIEFS
From Wire and Staff Reports |
TWRA TO INCREASE FUEL SURCHARGES FEB. 1SAN FRANCISCO - Ocean carriers serving the trade from
Maritime
NY OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Jan. 21, 1991CRUDE OIL(1,000 barrels; dollars and cents
*SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Jan. 22, 1991Dubai Crude Oil - (Dollars Per Barrel
US SHIPOWNERS LOBBYING GROUP TO FUNCTION WITH SMALLER STAFF
WILLIAM DiBENEDETTO |
An organization representing U.S. shipowners will continue to function, but its staff will be cut in
Maritime
PUBLISHER'S NOTEBOOK
Don C. Becker |
Good old San Francisco, it's truly a mixed Baghdad by the Bay. The day the war broke out it
BALTIC BRUTALITY DISTURBS WESTERN BUSINESS
Mark D. Berniker |
Companies trading with the Soviet Union are voicing serious concerns about what is to come in the wa
JAPAN BEGS FOR MORE TIME TO RAISE FUNDS FOR GULF WAR
From Wire Reports |
After pledging large funds for the Persian Gulf war, Japan begged Tuesday for time to look for ways
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Jan. 22, 1991Bid AskedCopper-
GORDON PLATT'S FINANCING TRADE
Gordon Platt |
HELP IS AVAILABLE FOR MEDIUM-SIZED exporters who lack the staff and expertise to deal with the intri
TRADE BRIEFS
Wire and Staff Reports |
CRAY ANNOUNCES 2 SALES IN FRANCECray Research Inc. announced two sales of computer systems i
Maritime
AUSTRALIAN LIFE INSURERS STRESS COMMUNICATIONS
Vincent W. Stove |
Australian life insurers see a need to place greater emphasis on communicating with policyholders du
GAS SEPARATION PLANT STARTS UP IN THAILAND
P.T. Bangsberg |
A second gas separation plant went into operation in Thailand, with authorities hoping it will save
GULF WAR MAY BOOST CONTAINERSHIP MARKET
Janet Porter |
A protracted war in the Persian Gulf could increase chartering demand for containerships if more lin
Maritime
SOYBEAN OIL RALLIES LEADING COMPLEX TO 4-WEEK HIGHS
Knight-Ridder Financial |
Soybean futures closed at four-week highs, rallying in step with soybean oil on heavy volume amid co
DOMINICA CRUISE PORT LEADS TO BRITISH FORTRESS
Larry Luxner |
Two hundred years ago, British naval vessels dropped anchor at Prince Rupert's Bay in northern Domin
Maritime
TANKER FREIGHT RATES RISE SHARPLY ON CARGOES FROM THE PERSIAN GULF
Patricia Jones |
Freight rates for tankers willing to ship crude cargoes from the Persian Gulf have risen sharply thi
SUGAR QUOTA HIKE SEEN CUTTING PRICES, HURTING US FARMERS
Gregory Wright |
The U.S. Department of Agriculture's decision to allow more foreign sugar into the country is hurtin
CHINA TO ADD US AIRCRAFT TO ITS FLEET
P.T. Bangsberg |
China intends to add 26 aircraft to its national fleet this year, most of them from American manufac
CONGRESS WEIGHS TWO BILLS AIMED AT RESERVISTS' BENEFITS MAY BE HARBINGERS OF MORE TO COME
Aviva Freudmann |
Congress is weighing two bills that may be the first of several measures expanding or clarifying emp
UAE TAKES STEPS TO BOOST SUSTAINABLE OIL OUTPUT CAPACITY
Knight-Ridder Financial |
The United Arab Emirates is implementing plans to increase its sustainable oil output capacity by up
IEA MIGHT DROP OIL RELEASE PLAN IF PRICES STAY DOWN
Bruce Barnard |
The plunge in crude oil prices likely will lead the International Energy Agency to withdraw or modif
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago1/22 1/21 Change % Change:
HONG KONG TOY FAIR SALES REFLECT FALTERING ECONOMIES
P.T. Bangsberg |
Pessimism among local toymakers appears justified with a tally showing sales at this year's Internat
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
CANADA FIRMS TO INVEST IN GUYANA GOLD MINEGEORGETOWN, Guyana - Two Canadian companies are sc
AIR PRODUCTS REPORTS HIGHER EARNINGS
Journal of Commerce Staff |
Air Products and Chemicals Inc. Tuesday reported higher sales, net income and earnings pershare for
INDIANA HI-RAIL CORP. LOSES ICC BID FOR EXEMPTION ON ABANDONMENT OF LINE
Geoffrey Brown |
The Interstate Commerce Commission said it needed more evidence to approve the abandonment of a 14-m
TRAFFIC BRIEFS
Wire and Staff Reports |
US HIGHWAY OFFICIAL TO SPEAK AT LUNCHEONWASHINGTON - Richard P. Landis, a top federal highwa
PRIVATE CONTAINER TERMINAL HELPS EURO-GULF INTERNATIONAL COMPETE
Gary Taylor |
A geographically defined niche and a privately owned container terminal to handle its ships are cent
Maritime
AVIATION BRIEFS
Wire and Staff Reports |
UK GROUP BACKS END TO HEATHROW CURBSLONDON - Britain's Civil Aviation Authority advised its
MINN. TRADE OFFICE IN TAIWAN TO CLOSE
Journal of Commerce Staff |
Citing the state's budget shortfall, the Minnesota Department of Trade and Economic Development last
Maritime
SHIPPERS PROTEST SHARP RISE IN RATES FOR ASIAN AIR CARGO
John Davies |
The cost of moving air cargo from Hong Kong to Europe shot up as much as 39 percent this week as the
CORRECTION
JOC Staff |
The New Jersey company referred to in "NJ Company Gets Turkish Contract," a story on Page 8B of The
Maritime
AUSTRALIAN WHEAT BOARD CONFIDENT IRAQ WILL PAY $485 MILLION TAB
From Wire Reports |
The Australian Wheat Board said Tuesday it is confident Iraq will pay the $485 million it owes for A
HOECHST, JAPANESE FIRMS IN JOINT PET FILM VENTURE
Journal of Commerce Staff |
Hoechst AG and its U.S. unit, Hoechst Celanese Corp., entered a agreement in principle with Japan's
GLOBAL FATS/OILS USE LIKELY TO EXCEED OUTPUT
Knight-Ridder Financial |
World usage of animal and vegetable oils and fats is likely to exceed production by 1.14 million met
US SOYBEAN PLANTINGS EXPECTED TO DECLINE
Knight-Ridder Financial |
Low prices probably will deter U.S. farmers from planting more soybeans this year on their flexible
ENERGY BRIEFS
Wire and Staff Reports |
$20 TO $22 OIL TERMED NEUTRAL FOR ECONOMYWASHINGTON - A world oil price of $20 to $22 a barr
COMEX METAL WAREHOUSE
JOC Staff |
Jan. 22, 1991 Copper Total, 13,434. Gold Total, .1,645,263.Silver Total, .265,785,118.
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,640-$1,700 per ton lots & in warehouse min. 99.
SPOT COMMODITIES
JOC Staff |
Jan. 22, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
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