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OMI ANNOUNCES STOCK REPURCHASE
Journal of Commerce Staff |
Tanker and bulk shipowner OMI Corp. announced plans Tuesday to buy up to 1 million shares of its com
Maritime
US FEARS TOKYO RIFT OVER UPS MAY WIDEN
Leo Abruzzese |
The tense U.S.-Japanese dispute over timely access to Tokyo's airport by freight giant United Parcel
TRADE BRIEFS
Wire and Staff Reports |
GORBACHEV UNVEILS NEW ECONOMIC PLANMikhail S. Gorbachev Tuesday unveiled a new plan to rescu
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
UK COCOA GRIND ROSE SLIGHTLY IN 3RD QUARTERU.K. third-quarter 1990 cocoa grindings totaled 2
BRAZIL PRESSED TO PAY 5-YEAR-OLD COFFEE DEBT
Knight-Ridder Financial |
The German food and agro-business consortium Neumann Gruppe AG has fired the first salvo in a public
PRUDENTIAL WEIGHS LAYOFFS AS A COST-CUTTING MOVE
Journal of Commerce Staff |
Prudential Insurance Co. of America is considering cost cuts - possibly including an unspecified num
OIL TRADES LURE COMBINED CARRIERS
Journal of Commerce Staff |
The availability of dry cargo ship capacity declined slightly during the summer months as combined c
Maritime
MALAYSIAN CARRIER PLANS FLEET EXPANSION
P.T. Bangsberg |
Malaysian International Shipping Corp., confident of a good financial year, intends to expand its fl
Maritime
SPOT COMMODITIES
JOC Staff |
Oct. 16, 1990 Included are list prices of suppliers. Quotations do not necessarily represent
BALTIC FREIGHT INDEX
JOC Staff |
1236 (Oct. 16, 1990) Previous day - 1230 The Baltic International Freight Futures Market in
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Oct. 16, 1990Brent Crude Oil - (Dollars Per Barrel)
AMERICAN LABOR FEARS MEXICO TRADE PACT
Dory Owens |
When Nissan Motor Co. recently combed the globe for future plant sites, it didn't give a passing gla
Maritime
PHILA. STEVEDORE TAKES ACTION AGAINST PORT
Allen R. Wastler |
A Philadelphia area stevedore is claiming that the Port of Philadelphia has given an unfair edge to
Maritime
PORTS URGE HARBOR PROJECT REFORMS SPEEDIER APPROVAL DEEMED NEEDED
Craig Dunlap |
U.S. South Atlantic and Caribbean port officials agreed to push strongly for significant reform of t
Maritime
MORE WORK NEEDED TO PREVENT, CONTROL SPILLS, ARCO CHIEF SAYS
John Davies |
The president of an Alaskan oil company's tanker operation said a new oil spill law doesn't go far e
Maritime
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
INDIA CONSIDERS ESTABLISHMENT OF AN ALL-CARGO AIR CARRIER
Lawrence H Kaufman |
The government may consider establishing an all-cargo airline in the private sector to satisfy inter
LYKES MAY SEEK CONGRESS' HELP IN REPLACING ITS AGING FLEET
WILLIAM DiBENEDETTO |
Lykes Bros. Steamship Co. is looking at ways to replace its aging fleet and may need congressional h
INSURANCE ANALYSTS DISPUTE REPORT CITING TROUBLED FIRMS
Lorraine Iannello |
Analysts and insurance rating service representatives on Tuesday disagreed with a consumer group's f
AWARENESS STRESSED ON FIRST ANNIVERSARY OF CALIF. EARTHQUAKE
From Wire and Staff Reports |
Recently revised figures indicate the insurance industry was only responsible for $600 million of th
S. KOREA'S DONGBU SELECTS HUNTSMAN EPS PROCESS
Journal of Commerce Staff |
South Korea's Dongbu Chemical Co. selected Huntsman Chemical Corp. and ABB Lummus Crest Inc. to prov
A SLIGHT WIDENING SEEN FOR US AUGUST TRADE GAP
Knight-Ridder Financial |
Economists expect August's U.S. merchandise trade deficit at $9.4 billion - an insignificant widenin
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Monday at 232.10 off 4.10 which compares w
MARITIME BRIEFS
From Wire and Staff Reports |
WITASS CONFERENCE HIKES CURRENCY CHARGELONDON - The members of the association of West India
Maritime
FINANCIAL BRIEFS
From Wire and Staff Reports |
TOKYO, BEIJING AGREE ON LOAN RESUMPTIONTokyo and Beijing have reached agreement on the resum
ICC APPROVES CONSTRUCTION BID BY IOWA POWER AGENCY OVERRIDES OBJECTIONS BY BN
Geoffrey Brown |
The Interstate Commerce Commission Tuesday unanimously approved Iowa Power & Light Co.'s application
US URGED TO ADDRESS MULTIFACETED INDUSTRY
John Davies |
The U.S. government must develop a maritime program that recognizes the separate interests of intern
Maritime
ITEL PLANS TO SELL BOX ASSETS TO GENERAL ELECTRIC CAPITAL DEAL TO DOUBLE GENSTAR'S FLEET
Mark Magnier |
Itel Corp. - the "big daddy" container-leasing company that gave rise to a host of other U.S. leasin
Maritime
ECONOMY SHIFTS HARD FOR E. EUROPE, USSR
From Wire Reports |
The transition to market economies in Eastern Europe and the Soviet Union will be difficult and disr
1991 WHEAT, FEEDGRAIN LOAN RATES SEEN RISING
Douglas Palmer |
Wheat and feedgrain loan rates should increase significantly under the 1990 farm bill compromise wor
NEW YORK MAY ALTER STANDARDS FOR SMALL-GROUP HEALTH POLICIES
From Wire Reports |
New York's superintendent of insurance, Salvatore R. Curiale, on Monday proposed a series of limits
MC SHIPPING SAYS VESSEL OFF ROCKS
Journal of Commerce Staff |
MC Shipping Inc. said one of its vessels that went aground near Buenos Aires on Sept. 15 has been re
Maritime
COMEX METAL WAREHOUSE
JOC Staff |
Oct. 16, 1990 Copper Total, 6,403. Gold Total, .1,560,502.Silver Total, .259,550,928.
FREIGHT RATE FUTURES
JOC Staff |
Oct. 16, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Oct. 16, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon,
SHIPPERS OF PETROCHEMICALS ASSESS NEW SANTA FE SERVICE
Geoffrey Brown |
Shippers say it is too early to tell if the Atchison, Topeka and Santa Fe Railway Co.'s new daily, d
PEOPLE - FINANCIAL
Wire and Staff Reports |
CANADIAN IMPERIAL BANK OF COMMERCE (New York) - Allyn W. Keiser was named executive vice president a
PEOPLE - TRANSPORT
JOC Staff |
RIGHT-O-WAY INC. (Tustin, Calif.) - Steve Schields was named director of national accountsfor this m
CHEMICAL BRIEFS
From Wire and Staff Reports |
ETHYL CORP. SELLS INTERMEDIATES BUSINESSEthyl Corp. said it signed a conditional agreement t
THE ECONOMY
From Wire and Staff Reports |
US BUSINESSES REPORT RISE IN INVENTORIESWASHINGTON - U.S. business inventories rose 0.5 perc
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