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CATAMARAN SETS SPEED RECORD
Jon Jacobs |
The American guardians of the 55-year-old Hales Trophy for the fastest trans- Atlantic crossing by a
Maritime
HIGHER FREIGHT RATES, SHIP SALES BOOST IMC HOLDINGS PROFIT
P.T. Bangsberg |
IMC Holdings Ltd., parent of Hong Kong's third-largest shipowner, reported a profit for the year thr
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
MARITIME BRIEFS
From Wire and Staff Reports |
MARAD GIVES ITS OK TO LYKES-PHAROS DEALWASHINGTON - The Maritime Administration said it has
Maritime
COST OF CREDIT
JOC Staff |
Mon., June 25, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
SEWING MACHINE MAKER MARKETS TO THE WORLD
Kevin Commins |
Union Special Corp. has encountered more than a few problems in its 90 years of selling overseas.
LUMBER SHIPPERS BACK ICC RAIL RATE PROPOSAL
David M. Cawthorne |
Lumber companies appear to be lining up in support of an Interstate CommerceCommission propo
Transport, Trade and Regulation News
DINKINS NAMES W.L. FORD II NY PORTS, TRADE COMMISSIONER
David F. White |
Mayor David N. Dinkins Monday named Wallace L. Ford II, a former first vice- president at Drexel Bur
Maritime
IRAQ PLANS TO BUY 5 AIRBUS PLANES
Knight-Ridder Financial |
Iraq plans to buy five Airbus A-310-300 planes valued at $500 million, Iraqi Airways sources said.
THERMOS HOPES TO FILL GLOBAL VACUUM
Chicago Tribune |
Monte Peterson is not by nature a cowabunga kind of dude, but he knows when something is tubular jus
Maritime
EGYPT BANS SEARCH FOR OIL IN PART OF GULF OF SUEZ
From Wire Reports |
Abdel Hadi Kandil, Egyptian minister of petroleum and mineral resources, ordered a ban on new explor
INSURANCE BRIEFS
Wire and Staff Reports |
AXA MIDI SETTING UP SINGAPORE SUBSIDIARYAxa Midi Assurances, the seventh-largest insurance c
PRECIOUS METALS PRICES CLIMB IN ACTIVE TRADING PRETORIA PLEDGES INTERVENTION
Howard Simon |
Precious metal prices climbed Monday in active trading reflecting higher prices at London and Tokyo.
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 22, 1990Brent Crude Oil(Dollars Per Barrel)
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) June 25, 1990Bid AskedCopper-
SOUTHERN AIR FLIES RELIEF AID TO TEHRAN CONN. AGENCY CHARTERS PLANE
Journal of Commerce Staff |
Southern Air Transport, like most charter operators, stands ready to help when disasters occur - suc
DEL MONTE COMPLETES SALE OF REFRIGERATED CARGO SHIPS
Janet Porter |
All nine of the refrigerated cargo ships about to be sold by PPI Del Monte Fresh Produce BV will be
Maritime
LLOYD'S PUSHES AUTOMATION TO CUT PAPER CHASE
Janet Aschkenasy |
Legend has it that if you were to stand on the moon and look back at the earth, three thingswould be
ALUMINUM OUTPUT FALLS BY 0.6 PERCENT IN EUROPE
Knight-Ridder Financial |
European January-March aluminum production totaled 879,960 metric tons, down 0.6 percent from 885,52
FORMOSA PLASTICS TO BUILD CHINA UNIT
Knight-Ridder Financial |
Taiwan's largest plastics group, Formosa Plastics Ltd., has signed a US$7 billion contract for a nap
QUEBEC SEEKS FORMULA TO PLAN FOR THE FUTURE
Duncan Robinson |
Quebec's minister of international affairs said Monday that the Canadian province is searching for a
WORLD NEWS AND MARINE WEATHER
JOC Staff |
NO STORY
INTERNATIONAL LOANS
JOC Staff |
ALGERIA - $32 million from the World Bank to increase farm productivity through research and extensi
Maritime
CANADIAN DOLLARS STILL LURE JAPANESE
Knight-Ridder Financial |
Canada's failure to solve its constitutional crisis by the June 23 deadline has not deterred Japanes
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Friday at 233.77 off 0.93 which compares w
PEOPLE - AVIATION AIR COURIER CONFERENCE ELECTS RHODES PRESIDENT
Wire and Staff Reports |
Jeffrey Rhodes was elected to a two-year term as president of the Air Courier Conference of America.
DOLLAR ENDS MOSTLY HIGHER ON BANK BUYING ACTIVITY
Knight-Ridder Financial |
The U.S. dollar traded mostly higher Monday af- ternoon, largely on domestic and overseas buying by
NEW YORK OIL OPTIONS
JOC Staff |
New York Mercantile Exchange June 22, 1990CRUDE OIL(1,000 barrels; dollars and cents
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following is the list of bunker prices obtained during the course of week ending June 22, 1990.
SHIPPER LOSES TRUCK RATE CASE
Leo Abruzzese |
The Supreme Court reaffirmed its landmark negotiated truck rates ruling Monday by overturning anothe
JAPAN PLANS TO UNVEIL E. EUROPE AID PACKAGE
(Ap) |
Japan plans to announce an aid package for East Germany, Czechoslovakia, Bulgaria and Yugoslavia at
INVESTORS IN BRAZIL REMAIN CAUTIOUS
Elizabeth Herrington |
Foreign executives here generally applaud the new Brazilian government's broad attack on inflation,
SHIPOWNERS, SEAFARERS HOLD KEY SESSIONS
Bruce Vail |
Negotiations for a new labor contract covering most members of the nation's largest seafaring union
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
MORAN TOWING CORP. (Greenwich, Conn.) - Russell G. McVay was named vice president, environmental pro
Maritime
JAPANESE WARY OF E. EUROPEAN TRADE
A.E. Cullison |
Japan's private sector is very afraid of going into Eastern European states in the future without go
SPOT COMMODITIES
JOC Staff |
June 25, 1990 Included are list prices of suppliers. Quotations do not necessarily represent
THE JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago6/25 6/22 Change % Change
NEW YORK CITY TAX PROPOSAL IS BLASTED
Journal of Commerce Special |
The proposed New York City petroleum gross receipts tax is ill-founded and will be counterproductive
GUILFORD-CONRAIL ACCORD IMPROVES RAIL SERVICE
Lawrence H Kaufman |
An agreement to shift the point at which Guilford Transportation Industries Inc. and Consolidated Ra
CONGRESS TO SEEK POWER TO REVIEW OWL PLANS LOG PRODUCTION IS AT ISSUE
John Davies |
A congressional ban on the export of logs from state lands will help the mills by replacing timber l
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