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Platts Containers Update
2 BOXSHIPS REPORTEDLY ORDERED BY CGM
Barbara Casassus |
Compagnie Generale Maritime, France's largest shipowner, recently ordered two new containerships fro
ITALIAN ALUMINUM FIRMS ORDERED TO RETURN ILLEGAL AID
Journal of Commerce Staff |
The EC Commission, stepping up its war against widespread government subsidies in the European Commu
WORLD TEA OUTPUT ROSE 3 PERCENT IN 1988
(Ap) |
World tea production last year climbed to a record 2.42 million metric tons, up 3 percent from 1987,
ANALYSTS EXPECT GROWTH IN FATTY ACID DEMAND
Journal of Commerce Staff |
U.S. demand for fatty acids and their derivatives will expand 3 percent annually to 2.4 billion poun
PRICES WEAKEN FOR US EXPORTS, NON-OIL IMPORTS
John Boyd |
In a report that showed progress against inflation while underscoring the trade dilemma posed by the
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
US FOILS PLOT TO SELL SOVIETS COMPUTERS FOR AIR DEFENSE
(Ap) |
A West German pilot's daredevil landing in Red Square prompted an embarrassed Soviet Union to try to
Maritime
EXISTING HOME SALES FELL 1.1 PERCENT IN APRIL
Knight-Ridder Financial |
Sales of existing single-family homes in the United States fell 1.1 percent in April to a seasonally
COAL EXPORTS GREECE'S HERACLES SCOUTS US
Tim Sansbury |
A Greek cement maker, Heracles Cement, is scouting around for U.S. coal, but that's about the only a
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural Service Agri
Maritime
ECONOMIC DATA ABROAD
Wire and Staff Reports |
SOUTH KOREAN GROWTH SLOWED IN 1ST QUARTERSEOUL, South Korea - South Korea's economy lost ste
ENERGY BRIEFS
Wire and Staff Reports |
MASS. OFFICIALS BATTLE WATKINS ON SEABROOKMassachusetts officials say U.S. Energy Secretary
ECONOMY GREW 4.3 PERCENT IN 1ST QUARTER
From Wire Reports |
Economic growth was substantially slower in the first quarter than previously estimated, gaining at
SCHOOL BOARDS ASSOCIATION SUES NEW YORK REGULATOR
Laura Raley Borda |
The New York School Boards Association is suing the state's top insurance regulator to force him to
ECONOMISTS GROUP SEES SHARP SLOWDOWN AHEAD
From Wire Reports |
U.S. economic growth is likely to slow dramatically in the second half of the year and push up the
NEW PRODUCTS CAMCORDER 2-IN-1 LENS ALLOWS QUICK SWITCH
From Wire Reports |
Camcorder buffs will flip for a revolutionary new lens from Ambico Inc. that allows0.6x wide-angle a
Maritime
PITTSTON-UMW IMPASSE STIFLES AREA ECONOMY
Julia M. Klein |
About 1,400 striking coal miners in Virginia and West Virginia are still locked in a bitter standoff
SPOT PRODUCT PRICES
JOC Staff |
May 25, 1989 U.S. spot oil products price indications, sellers range, in cents per gallon, f
STATE JOBLESS CLAIMS UP 16,000 FOR WEEK
Knight-Ridder Financial |
New claims for state unemployment insurance benefits were made by 326,000 people during the week end
GASOLINE PRICES IN NY RISE 17 PERCENT
Journal of Commerce Staff |
New York state motorists will enter the new driving season with prices for unleaded gasoline 17 perc
AIR NEW ZEALAND STOCK OFFERED
Journal of Commerce Staff |
A 30 percent stake in Air New Zealand will be offered to the public during September or October, the
Air Cargo
CORPORATE PROFITS FALL
Knight-Ridder Financial |
After-tax profits of U.S. corporations fell 1.7 percent in the first quarter to a seasonally adjuste
TAKESHITA MAY NAME A SUCCESSOR NEXT WEEK
A.E. Cullison |
Noboru Takeshita, Japan's lame-duck prime minister whose days in office are limited by his public pl
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
THERE'S AN AWFUL LOT OF SMOKING IN BRAZILRIO DE JANEIRO, Brazil - Brazilians do not live by
Maritime
METEORIC RISE PREDICTED IN 1989 IN EAST-WEST JOINT VENTURES
John Zarocostas |
Hundreds of East-West joint ventures are expected to be set up in 1989, a leading expert on planned
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
IRAQ WILL MAINTAIN PRICE FORMULA TO JAPANIraq told a delegation from Japanese oil companies
TRADE GAP FOR UK EXPANDS BY 38 PERCENT
From Wire Reports |
Britain's trade deficit jumped 38 percent to 1.66 billion ($2.6 billion) last month, the government
Maritime
FEDERAL COURT SEEKS TO SELL SUMMIT ASSETS
Ira Breskin |
A federal bankruptcy court in Philadelphia has set a June 16 deadline for creditors to vote on a pla
Air Cargo
MIDWAY EYES PHILADELPHIA HUB BY BUYING EASTERN GATES, ROUTES BY CAROL JOUZAITIS CHICAGO TRIBUNE
JOC Staff |
Midway Airlines wants to develop a hub in Philadelphia by buying strikebound Eastern Airlines' gates
Air Cargo
GAO REPORT SAYS AIR SAFETY NOT AS GOOD AS IT SHOULD BE
Leo Abruzzese |
Overworked air traffic controllers are struggling to manage an aviation system where the margin of s
Air Cargo
STRONG AIR TRAVEL SEASON PREDICTED
(Ap) |
From labor travails to terrorist threats to rising fuel prices to aging planes, the nation's airline
Air Cargo
MITSUBISHI PLANS JAPANESE FACILITY FOR KEY FEEDSTOCK
Journal of Commerce Staff |
Mitsubishi Gas Chemical Co. will build a plant in Japan to produce semicommercial quantities of 2, 6
BOARD URGES SAFER SKIES FOR S. CALIF.
(Ap) |
The National Transportation Safety Board said the Federal Aviation Administration should act immedia
Air Cargo
INTERMODALISM REQUIRES PARTNERSHIP
Bill Mongelluzzo |
Richard D. Frick, manager of automobile traffic at American Honda Motor Co. in Gardena, Calif., is a
Trucking News
CHARLES GAFFNEY NAMED TRADE EDITOR OF JOFC
Journal of Commerce Staff |
Charles Gaffney, formerly a senior editor at Financial World magazine, was appointed trade editor of
INSURANCE CALENDAR
JOC Staff |
The National Association of Insurance Brokers will hold its annual meeting, May 30-June 2, in Sea Is
PEOPLE - INSURANCE MCNAMARA TO CHAIR REINSURANCE FIRM
Journal of Commerce Staff Wire and Staff Reports |
Daniel J. McNamara, a leading spokesman of the reinsurance industry, was named chairman, a new posit
USF&G PLANS TO SELL ITS CANADIAN P/C UNIT
Leo Ryan |
Several possible suitors could quickly emerge for the Canadian property and casualty subsidiary of B
ICC ORDERS INVESTIGATION INTO ILLINOIS CENTRAL SALE
Leo Abruzzese |
The Interstate Commerce Commission ordered an investigation into the sale of the Illinois Central Ra
Rail News
CALIFORNIA LAWMAKER UNVEILS PLAN TO SLASH AUTO INSURANCE RATES
Knight-Ridder Newspapers |
Assembly Speaker Willie Brown, with consumer activist Ralph Nader by his side, unveiled an auto insu
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