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NEWS SUMMARY
JOC Staff |
* Customs Update 4A * Greg Johnson - Managing Traffic 2B* Food Aid Agents Lobby Congress 1B<
NEW YORK OIL OPTIONS
JOC Staff |
New York Mercantile Exchange Sept. 26, 1990CRUDE OIL(1,000 barrels; dollars and cent
BCSL ADDS CALL TO NORFOLK, VA.
Journal of Commerce Staff |
BCSL U.S.-Med Line Ltd. said it will add Norfolk, Va., to its U.S. port calls. BCSL is an in
Maritime
THIRD WAVE OF LAYOFFS HITS ALL AMERICAN PRESIDENT UNITS
Mark Magnier |
Sources at American President Cos. say the third wave of layoffs hit Wednesday. Although it was diff
AVIATION BRIEFS
Wire and Staff Reports |
USAIR TURNS OPTIONS INTO FIRM JET ORDERSSEATTLE - USAir has converted 10 options to firm ord
MARITIME CALENDAR
JOC Staff |
PORT DAY LUNCHEON. Oct. 2. Redwood City, Calif. Sponsored by the board of commissioners of thePort o
Maritime
CRAIG DUNLAP'S INSIDE TALK FROM THE SOUTHEAST
Craig Dunlap |
IF THEY SAY it's not the money, it's the money. Automobile processors in Jacksonville, Fla.,
Maritime
EXECUTIVE HAS DARK OUTLOOK FOR US MICROCHIP INDUSTRY JAPANESE LIKELY TO INCREASE EDGE
Mark Magnier |
The future of California's Silicon Valley and the U.S. semiconductor industry looks bleak in the fac
Maritime
AGENTS LOBBY AGAINST FOOD AID PROGRAM BAN CONGRESS WORKS ON FARM BILL
Allen R. Wastler |
Agents for countries that receive U.S. food aid are trying frantically to thwart efforts on Capitol
Maritime
NEW SHIP SATELLITE NETWORK TO BE LAUNCHED ON DEC. 1
Journal of Commerce Staff |
An American company said it will launch a mobile satellite communications service for the maritime i
Maritime
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended Sept. 22, total piggyback freight hauled on the nation's major railroads equaled
FREIGHT RATE FUTURES
JOC Staff |
Sept. 27, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 239.24 unch which compares wi
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Sept. 27, 1990 No. 4/ No. 6/ No. 6/1% 1% 0.5% Buckley 35.85 31.95 36.50
ENERGY BRIEFS
Wire and Staff Reports |
HONG KONG MAY CUT OIL SUPPLIES TO CHINAHong Kong may be forced to cut oil supplies to China'
IEA EXPECTED TO PUT OFF RELEASE OF OIL STOCKS DESPITE BUSH MOVE
Bruce Barnard |
The International Energy Agency is not expected to recommend a release of government crude oil stock
PHILBIN SAYS RE-REGULATION NOT ON ICC'S NEW AGENDA
Geoffrey Brown |
The Interstate Commerce Commission's new reliance on formal legal procedures does not mean it is re-
TRAFFIC BRIEFS
Wire and Staff Reports |
MCI CONNECTS E-MAIL WITH NORDIC NATIONSSAN DIEGO - MCI Communications Corp. established elec
BELLSOUTH SEEKS HONG KONG NICHE IN MOBILE PHONES
P.T. Bangsberg |
One of the American "Baby Bell" telecommunications companies joined forces this month with an existi
SHIP OPERATING COSTS FORECAST TO SOAR
Janet Porter |
The cost of crewing, insuring, repairing and maintaining ships is set to soar between now and the en
Maritime
WHEAT COUNCIL SEES HIKE IN SOVIET GRAIN PRODUCTION
Knight-Ridder Financial |
The International Wheat Council revised its forecast of 1990-91 (July-June) total Soviet grain outpu
CORRECTION
JOC Staff |
The story "Group Auto Insurance Focus of NY Hearing," on Page 9A in The Journal of Commerce, Sept. 2
FINANCIAL BRIEFS
Wire and Staff Reports |
CANADA TO REFORM FINANCIAL INSTITUTIONSCanadian Minister of State for Finance Gilles Loisell
TANKER FUTURES MARKET PLANNED
Journal of Commerce Staff |
A futures market in tanker freight rates is still under consideration by the Baltic Futures Exchange
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1168 (Sept. 27, 1990) Previous day - 1170 The Baltic International Freight Futures Market in
Maritime
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Sept. 27, 1990Bid AskedCopper-
PEOPLE - MARITIME
From Wire and Staff Reports |
AUSTRALIA-NEW ZEALAND DIRECT LINE (Long Beach, Calif.) - Bernard D. Tabary was named director of qua
Maritime
TAIWAN PICKS KAOHSIUNG FOR BIG PORT EXPANSION
Chris Brown |
Substantial port development at Kaohsiung in the south of Taiwan now appears likely, probably at the
EXPERT FEARS NEW THAI PORT WON'T MEET NEEDS
P.T. Bangsberg |
Work on Thailand's new deep-sea port is progressing well, officials say, but at least one outside ex
CN EXECUTIVE WARNS OF THREAT TO CANADA'S PORTS BY US CARRIERS
Leo Ryan |
Canadian jobs and competitiveness are at stake if shipping lines stop calling at Canadian ports, war
EARNINGS
JOC Staff |
CAROLINE FREIGHT NET ROSE 49.8 PERCENT IN QUARTERCHERRYVILLE, N.C. - Carolina Freight Corp.
TRUCKERS ARE INCREASINGLY WARY AS ECONOMIC SOFTNESS REARS HEAD
Ed Martin |
In what was to have been a recovery year for a battered industry, ominous signs have truckers facing
TOBACCO FOES, THAI OFFICIALS SLAM US CIGARETTE EXPORTS TRADE SANCTIONS ARE RUMORED
John Monk |
While the surgeon general was announcing an anti-smoking campaign aimed at older smokers this week,
Maritime
E AWARD-WINNING EXPORTERS BRUCE FOODS CORP.
JOC Staff |
DATE OF AWARD: "E Star" Award on May 23, 1990. "E" Award in 1987. Numerous other awards, inc
Maritime
WASH. URGED TO DEVELOP PLAN TO PROMOTE AIR CARGO SECTOR
John Davies |
The state of Washington needs a strategic plan for expansion of air cargo, a task force of the state
LLOYD THOMPSON REPORTS SHARP RISE IN EARNINGS
From Wire and Staff Reports |
Lloyd Thompson, a Lloyd's of London broker, saw income increase significantly for its fiscal year, e
PEOPLE - INSURANCE
From Wire and Staff Reports |
CIGNA CORP. (Philadelphia) - David W. Johnson was elected to the board of directors. Mr. Joh
COCOA FUTURES RALLY SHARPLY
Knight-Ridder Financial |
Cocoa futures rallied sharply amid mixed speculative buying after a brief dip Thursday morning uncov
THE ECONOMY
Wire and Staff Reports |
US IMPORT PRICES ROSE 3.9 PERCENT DURING AUGUSTPrices of U.S. imports, excluding fuel, rose
EFFICIENCY ON THE RISE, CHINA'S SHIPYARDS SAY
P.T. Bangsberg |
China's shipyards turned out 75 vessels aggregating 334,000 deadweight tons in the first eight month
Maritime
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