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RIG CLAIMS MAY TOTAL $1 BILLION OIL PRICES GYRATE AFTER BLAST
Sam Glasser |
Oil prices fluctuated wildly Thursday as about 13 percent of Britain's North Sea oil production was
RIG DISASTER COULD COST INSURERS UP TO $1 BILLION
Edwin Unsworth |
Insurers worldwide look likely to be the major financial losers as a result of a disastrous fire and
SEA-LAND'S FLEET EXPANDS GREATLY UNDER RICHARDSON'S DIRECTION
Gloria Joseph |
Paul Finlay Richardson, 59, former president of Sea-Land Service Inc. in the mid-1970s, is credited
Maritime
AVIATION TRAFFIC REPORTS
From Wire and Staff Reports |
Alaska Airlines, a subsidiary of Alaska Air Group Inc., reported it flew 349.7 million revenue passe
Air Cargo
TRAFFIC BRIEFS
From Wire and Staff Reports |
UNION PACIFIC EXTENDS BULKTAINER TO ATLANTAOMAHA, Neb. - Union Pacific Railroad is now offer
Rail News
AGENCY CANCELS INACTIVE TARIFFS
Journal of Commerce Staff |
The Federal Maritime Commission, in one of its periodic tariff housecleanings, canceled inactive tar
Maritime
BANKS AWAIT ACTION BY OFFICIAL LENDERS
Journal of Commerce Special |
Commercial bankers are waiting for official lenders to take the lead in cutting debt-servicing burde
NJ COURT OVERTURNS VERDICT
(Ap) |
A three-judge appeals panel on Wednesday reversed a $62,000 jury verdict against a company blamed fo
MINERS' STRIKE DISRUPTS AUSTRALIAN COAL EXPORTS
Knight-Ridder Financial |
Australian coal exports have been disrupted slightly by a seven-day miners' strike which began Tuesd
EXPORT BRIEFS
Wire and Staff Reports |
TAIWANESE BIKE SALES TO THE US DOWN 40 PERCENTTaiwan's exports of bicycles to the United Sta
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
CANADIAN DOCKERS FORM NEW GROUP
Leo Ryan |
Longshoremen in leading ports of eastern Canada have moved a step closer to a united front by approv
Maritime
NY ENFORCING VAPOR RECOVERY REQUIREMENTS
Barbara Ballman |
Gasoline stations in metropolitan New York that did not have vapor recovery systems in place by July
TRUCKING GROUP WARNS GOP ON SUPPORTING FUEL TAXES
Journal of Commerce Staff |
American Trucking Associations urged the Republican Platform Committee to reject new energy taxes to
Trucking News
BRANCH CAN'T COLLECT UNDERPAYMENT, ICC SAYS
Leo Abruzzese |
The Interstate Commerce Commission denieda request from defunct Branch Motor Lines Inc. to collect $
Trucking News
THE ECONOMY INDEX SHOWS NEW HIRING SLOWED DURING MAY
(Ap) |
The pace of new hiring slowed during May as the steady improvement in labor conditions leveled off,
GROWTH IN US DEMAND SHOWS DIAMONDS ARE MAN'S BEST FRIEND
Janet Porter |
When Chris Evert accidentally dropped her bracelet during a tennis match a couple of years ago, she
Maritime
NADER URGES FEDERAL REGULATION OF INSURANCE
Leah R. Young |
Consumer advocate Ralph Nader, angered by insurance industry contributions opposing a California bal
INSURANCE BRIEFS
From Wire and Staff Reports |
MANVILLE, AETNA SETTLE INSURANCE DISPUTESManville Corp. reached an agreement with The Aetna
THREE COMPANIES SIGN PACT FOR HAIR LOSS PRODUCT
Journal of Commerce Staff |
Proanagen Corp. of Pittsburgh, Schering-Plough Corp. of Kenilworth, N.J., and Shiseido Co. of Tokyo
CUSTOMS UPDATE
Based on reports from U.S. Customs Service District offices |
INCORRECT VESSEL ARRIVALS FOR QUOTA ENTRIES. Effective immediately, the following procedures must b
Maritime
COMMODITY BRIEFS
Wire and Staff Reports |
US, SOVIETS HOPEFUL AS GRAIN TALKS BEGINVIENNA, Austria - Soviet and U.S. negotiators began
CHEMICAL BRIEFS
From Wire and Staff Reports |
BASF HIKES CAPACITY FOR 1,4-BUTANEDIALPARSIPPANY, N.J. - BASF Corp.'s Chemicals division is
SPOT PRODUCT PRICES
JOC Staff |
July 7, 1988 U.S. spot oil products price indications, sellers range, in cents per gallon, f
HANJIN TO BOOST NORTHWEST CAPACITY
John Davies |
Hanjin Container Lines will shift its larger containerships from California to the Pacific Northwest
Maritime
INSURER HIKES STAKE IN SHIP CONCERN
Barbara Cassassus |
The diversified insurance group, Compagnie du Midi, will increase its stake to 33.4 percent from 13
Maritime
IMPORT LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Thu. July 7, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K.
1.9 MILLION NJ DRIVERS FACE RATE HIKE
(Ap) |
Auto insurance rates will rise an average of $95 a car for nearly half of New Jersey's policyholders
EXECUTIVE TRAVELER TRAVELERS INFURIATED BY HIGH-PRICED PHONE CALLS
Christopher Lofting |
Just when business travelers thought they had the answers to controlling those outrageous telephone
FINE CHEMICAL MARKET APPEARS TO BE STABLE
Shelina Shariff |
The fine chemical spot market seems to have succumbed to the summer heat and taken a siesta.
ELECTRONICS BRIEFS
From Wire and Staff Reports |
COMPUTER PROGRAM REVOLUTIONARY FOR MATHSANTA CLARA, Calif. - British-born whiz kid Stephen W
NEW GEIS SOFTWARE MAY HURT INDEPENDENTS
Tony Seideman |
Talk is one thing. Understanding is another. GE Information Services is offering a new softw
FREIGHT RATE FUTURES
JOC Staff |
July 7, 1988 Baltic International Freight Futures ExchangePrev.Close High L
Maritime
CRASH SETTLEMENTS EXCEED AVERAGE
(Ap) |
Out-of-court settlements to survivors of 57 soldiers killed in a 1985 Arrow Air crash have averaged
Air Cargo
AIRLIFT INTERNATIONAL REORGANIZATION WOULD SATISFY CLAIMS WITH STOCK
Miami Herald |
Airlift International, a near-ghost of airlines past, has filed a reorganization plan that would all
Air Cargo
MATERIALS PROCESSING EXPECTED TO EXPAND
Journal of Commerce Staff |
Custom and toll processing of minerals, plastics and other materials is forecast to grow 4.5 percent
BFGOODRICH TO SELL MOST UNITS IN FABRICATED POLYMERS DIVISION
Journal of Commerce Staff |
BFGoodrich Co. signed a letter of intent to sell the majority of the business units in its fabricate
INTERNATIONAL BRIEFS
Wire and Staff Reports |
ARAB NATIONS BUYING GUANGZHOU'S 'MIXERS'GUANGZHOU, China - Concrete mixers made by the Guang
Maritime
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