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COMMODITY BRIEFS
From Wire and Staff Reports |
USDA CUTS ESTIMATE OF USSR GRAIN IMPORTSThe U.S. Department of Agriculture Thursday forecast
BOXPORT OPERATOR URGES SEPARATION OF HONG KONG TRANSPORT PROJECTS
P.T. Bangsberg |
Separating the extensive new airport and containerport projects would save money, cut risks and ease
Maritime
CME CHIEF: GLOBEX LAUNCH STILL SET FOR EARLY 1991
Knight-Ridder Financial |
Globex, the international screen-based futures trading system whose projected start-up date has been
PRODUCTS MARKETPLACE
JOC Staff |
LIQUID CAUSTIC SODA Hanlin Group Inc.'s LCP Chemicals division increased the prices of 76 pe
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,645-$1,660 per ton lots & in warehouse min. 99.
COMEX METAL WAREHOUSE
JOC Staff |
Nov. 8, 1990 Copper Total, 8,364. Gold Total, .1,545,337.Silver Total, .258,253,135.
FREIGHT RATE FUTURES
JOC Staff |
Nov. 8, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Nov. 9, 1990Dubai Crude Oil - (Dollars Per Barrel)
COLLAPSE OF INDIA'S GOVERNMENT MAY BRING ECONOMIC STAGNATION
N. Vasuki Rao |
The collapse of the government of V.P. Singh raises questions about India's economy, even without kn
Maritime
COST OF CREDIT
JOC Staff |
Thu., Nov. 8, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
ENERGY BRIEFS
Wire and Staff Reports |
SAUDIS TO KEEP OPEN OIL FIELDS UNLESS HITBAHRAIN, Saudi Arabia - Saudi Arabia, the world's b
NVO BONDING ISSUE ACTIVATES LOBBYISTS
WILLIAM DiBENEDETTO |
The lobbying is in high gear on a possible presidential veto of maritime legislation containing a re
Maritime
NAVY TO PAY TODD $25 MILLION TO RESOLVE CLAIMS FUNDS TO HELP REORGANIZATION
John Davies |
The Navy will pay Todd Shipyards Corp. $25 million to settle a longstanding dispute over the expense
Maritime
BANKS BUY INSURANCE ON SHIP MORTGAGES
Janet Porter |
Banks that made loans secured by ships as collateral are starting to take out insurance on such ship
CAIRNS GROUP MAY SUPPORT GATT ROUND EXTENSION
Bruce Barnard |
Leading farm-exporting nations hinted Thursday they might back an extension of the Uruguay Round of
US INVESTMENT TALKS IN E. EUROPE ADVANCE
Richard Lawrence |
The United States is close to concluding an investment treaty with Czechoslovakia as well as extendi
NEWS SUMMARY
JOC Staff |
* Macao Fights Quota-Loss Threat Over Infractions 4A * Howard Simon - Simon Says 11A* Premiu
NY MUSEUM HOSTS REUNION FOR GRACE, AMERICAN EXPORT LINES
Journal of Commerce Staff |
A reunion taking place today and Saturday will bring together many people associated with two great
Maritime
ASIAN FUTURES
JOC Staff |
Nov. 8, 1990 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond,
ELECTRONIC BILL OF LADING EXPECTED TO BE AVAILABLE SOON
Janet Porter |
Lawyers expect a negotiable bill of lading to be available soon in electronic format. A bill
IROQUOIS PIPELINE CLEARS CANADIAN HURDLE
Peter Morton |
A pivotal decision by Canada's National Energy Board removes a major hurdle for the Connecticut-base
AETNA LIFE & CASUALTY EXITING PERSONAL LINES IN IDAHO AND NM
From Wire and Staff Reports |
Aetna Life & Casualty Co. is dropping personal auto and homeowners' insurance in New Mexico and Idah
SHIP SALE REPORT
Source: Shipping Intelligence Inc. and Knight-Ridder |
Actual Vessel Sale Evaluations Sale Time Date Vessel
Maritime
RAIL, TRUCK LEADERS SEEK WAY TO AVOID TRIPLE-TRAILER FIGHT
Lawrence H Kaufman |
Leaders of the truck and rail industries appeared together on a panel Wednesday at a railroad confer
AVIATION BRIEFS
Wire and Staff Reports |
GUINNESS PEAT AVIATION POSTS RISE IN PROFITSHANNON, Ireland - Guinness Peat Aviation, the wo
LLOYD'S APPROVES CONSORTIUM UNDERWRITING
Janet Porter |
Lloyd's of London hopes that new opportunities will open up for the market now that the Council of L
PREMIUM TALK DAVID A. OLSEN CHIEF EXECUTIVE OFFICER JOHNSON & HIGGINS
Today's interview was conducted by insurance page editor Janet |
TOPIC: Power-Broking Johnson & Higgins is the world's largest privately held insurance broke
CL ROUSE JOINS BRAZIL METAL TRADING VENTURE
Jackie Cowhig |
Credit Lyonnais Rouse, the commodities trading subsidiary of French bank Credit Lyonnais, has signed
MEXICAN LINE NAMES SUBAGENT
Journal of Commerce Staff |
International Shipping Co., a steamship agent based in Seattle, will act as subagent in the Pacific
Maritime
STUDY: GLOBAL SHORTAGE OF SEAFARERS TO MOUNT
Janet Porter |
The shipping industry will face a huge shortage of officers and ratings by the end of the decade unl
Maritime
SPOT COMMODITIES
JOC Staff |
Nov. 8, 1990 Included are list prices of suppliers. Quotations do not necessarily represent
FRANKFURT AIRPORT ACTS ON AIRCRAFT NOISE
Miriam Widman |
Frankfurt Airport slowly is adopting new rules for night flying that eventually will ban the use of
GASOLINE PRICES
JOC Staff |
Nov. 9, 1990 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Premi
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Nov. 8, 1990*Brent Crude Oil - (Dollars Per Barrel)
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Nov. 8, 1990 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 37.00
MITSUI, CARBIDE PLAN JOINT CANADA VENTURE
Knight-Ridder Financial |
Japan's Mitsui and Co. will establish a venture in Alberta, Canada, with Union Carbide Chemicals and
HOECHST CELANESE EXPANDS SFA CAPACITY
Journal of Commerce Staff |
Hoechst Celanese Chemical Group announced it has expanded the capacity of its synthetic fatty acid,
TROPICAL SEEKS RATE-FILING CHANGE
Journal of Commerce Staff |
Tropical Shipping & Construction Co. is seeking Federal MaritimeCommission permission to file new or
Maritime
USF&G CALLS FOR LAYOFFS TO CUT COSTS
Lorraine Iannello |
Layoffs at USF&G Corp. will be necessary in the next few weeks as part of the Baltimore, Md.-based i
JAPAN'S LIFE INSURERS NERVOUS ABOUT A FURTHER DOLLAR DECLINE
From Wire Reports |
Japan's life insurance companies, holders of huge stacks of U.S. bonds and stocks, are nervously wat
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