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Commentary
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MARAD STANCE ON SHIP SALE UPSETS SHELL
Marie Prat |
Shell International Petroleum Co. voiced "surprise and dismay" Wednesday over the Maritime Administr
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Mar. 7, 1990 Baltic International Freight Futures MarketPreClose High Low Vol.
Maritime
CHINESE YARD TAKES ACTION TO BOOST ITS DOMESTIC ORDERS
P.T. Bangsberg |
China's main shipbuilder has announced plans to develop its technology and engineering and extend it
Maritime
TORRANCE, CALIF., VOTERS REJECT RESTRICTIONS ON MOBIL REFINERY
Journal of Commerce Staff |
Voters in this city Tuesday overwhelmingly turned down a referendum that would have limited some ope
US INTERVENES LESS TO CURB DOLLAR'S RISE VS. YEN
Gordon Platt |
The Federal Reserve and the U.S. Treasury sold a total of $750 million worth of dollars for Japanes
INSURANCE BRIEFS
Wire and Staff Reports |
S&P AFFIRMS AMBAC'S CLAIMS-PAYING ABILITYStandard & Poor's Insurance Rating Service affirmed
INSURER PULLOUT FROM CONN. LEAVES OFFICIALS UNFAZED
TOM McNIFF Jr. |
Connecticut insurance regulators see insurers' recent withdrawals from that state's automobile insur
TRADING WITH THE BAHAMAS ISLANDS SEEK TO BOOST US TRADE
Duncan Robinson |
The Commonwealth of the Bahamas is looking for increased trade with the United States in 1990, and t
Maritime
INFLATION IN PERU: WHAT BOUGHT A TRUCK WON'T BUY CIGARETTES
(Ap) |
Their currency is named for the sun, but with inflation of nearly 3,000 percent last year, Peruvians
US FUTURES EXCHANGES EAGER TO SPREAD GLOBALLY
Howard Simon |
The extraordinary events in Eastern Europe are opening doors for U.S.-style futures trading.
BALTIC FREIGHT INDEX
JOC Staff |
1618 (Mar. 7, 1990) Previous day - 1614 The Baltic International Freight Futures Market in L
Maritime
CONRAIL UNVEILS CAR HIRE PLAN
Allen R. Wastler |
Consolidated Rail Corp. is pushing a plan to revamp the often contentious system by which railroads
FMC DECIDES TO PROBE MATSON RATE INCREASE ACTION FOLLOWS HAWAII PROTEST
Marie Prat |
The Federal Maritime Commission will launch an investigation Friday of Matson Navigation Co.'s propo
Maritime
GLOBAL INTEREST RATES WILL FALL BY JULY, ECONOMIST PREDICTS
Robert A. Rankin |
Global interest rates - including long-term U.S. lending costs - should begin falling by July by up
ARGENTINE LINE MODERNIZES FLEET
David F. White |
Empresa Lineas Maritimas Argentinas SA, the state-owned Argentine shipping line known as Elma, is up
Maritime
FINANCIAL BRIEFS
Wire and Staff Reports |
GROUP OF 7 AGREES ON US DOLLAR CEILINGMonetary authorities from the Group of 7 major industr
BUSH TEAM TO RELAX REIN ON SENSITIVE EXPORTS
Richard Lawrence |
The Bush administration plans a "very significant reduction" of U.S. export controls on goods potent
AVIATION BRIEFS
From Wire and Staff Reports |
HOUSE UPHOLDS VETO ON EASTERN INTERVENTIONThe House of Representatives Wednesday upheld Pres
CANADIAN SHOPPERS IN US FACE TAX THREAT
Leo Ryan |
The Canadian government is considering imposing provincial sales taxes on the billions of dollars in
ECONOMIC DATA ABROAD
Wire and Staff Reports |
TRADE SURPLUS WIDENS IN WEST GERMANYFRANKFURT, West Germany - The West German trade surplus
COST OF CREDIT
JOC Staff |
Wed., Mar. 7, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
USTR NIXES PROBE OF EC PORK SUBSIDIES
Knight-Ridder Financial |
The U.S. Trade Representative has turned down a request by the U.S. pork industry to investigate rec
'CAR-LESS' DAYS CHALLENGE MEXICANS
Paula L. Green |
The local business community has to become better organized to cope with the city government's "Day
Maritime
KEPPEL REPORTS RECORD PROFIT
Journal of Commerce Special |
Keppel Corp., the diversified marine, property and financial group, Wednesday reported a record S$11
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
NEDLLOYD TO INCREASE SURCHARGE TO AUSTRALIANedlloyd Lines said it is increasing its currency
Maritime
SPOT PRODUCT PRICES
JOC Staff |
Mar. 7, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon, f
IMPORT BRIEFS
Wire and Staff Reports |
INTEL TO SPEED UP CHIP-MAKING PROCESSSANTA CLARA, Calif. - Craig Barrett, Intel Corp.'s exec
Maritime
LLOYD'S SELLS CAR COVER DIRECTLY TO THE PUBLIC
Edwin Unsworth |
From today, Lloyd's of London, the world's biggest insurance market, will sell motor vehicle cover d
ALLIED REQUESTS ACTION AGAINST JAPAN ON TRADE
Journal of Commerce Staff |
Allied-Signal Inc. said it filed a petition with the U.S. Trade Representative Wednesday requesting
Maritime
MITSUBISHI MOVE IN EUROPE SEEN CHALLENGE TO US VENTURES PLANNED WITH DAIMLER-BENZ
(Ap) |
A proposed agreement for wide-ranging cooperation between business giants Mitsubishi Corp. and Daiml
Maritime
TRAFFIC BRIEFS
From Wire and Staff Reports |
SP SIGNS PACT TO BUY FIBER OPTICS FIRMSouthern Pacific Transportation Co. has signed a defin
TRANSPACIFIC PACT CARRIERS TO HOLD DOWN CAPACITY SERVICE CONTRACT RATES TO INCREASE
Jacob Daniel |
The 13 steamship lines of the Transpacific Stabilization Agreement will maintain their 10 percent ov
Maritime
CONN. TASK FORCE ON OIL PRICING SUBPOENAS 14
(Ap) |
Gov. William A. O'Neill's task force investigating the December rise in home heating fuel prices Wed
PEOPLE - OIL/GAS
From Wire and Staff Reports |
BEARD OIL CO. (Oklahoma City) - Robert A. Gaskill was named vice president of the newly organized Mi
THE ECONOMY
Wire and Staff Reports |
CONSUMER CREDIT RISES $3.5 BILLIONU.S. consumers took on $3.5 billion more in consumer insta
INTEREST RATE HIKE PUSHED IN JAPAN
Knight-Ridder Financial |
It is better for Japan to raise interest rates so the yen will strengthen against the dollar and pri
SHIPOWNERS WARNED AGAINST BULKER ORDERS
Janet Porter |
Shipowners who ordered new bulk carriers last year may be getting a bargain, but freight rates over
Maritime
EXPERTISE OF CFTC COMMISSIONER QUERIED AHEAD OF RENOMINATION
Dallas Morning News |
The White House's plans to renominate Wendy Lee Gramm to head the Commodity Futures Trading Commissi
UK SHIPPER CRITICIZES CONFERENCES
Edwin Unsworth |
"Cartel dominated" liner shipping trades were attacked by one of Britain's leading shippers this wee
Maritime
EXPORT BRIEFS
Wire and Staff Reports |
BUSH VOWS TO WORK FOR ELECTRONICS LEADPresident Bush promised Wednesday to work toward helpi
Maritime
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