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ANALYST OPTIMISTIC ON TANKER MARKET
Chris Dupin |
The stage is set for a long-term recovery in the tanker market, according to a shipping industry ana
Maritime
MONTEDISON ACQUIRES ARCO BIOTECH LAB
Journal of Commerce Staff |
Montedison SpA has acquired a biotechnology laboratory from Atlantic Richfield Co. to develop new st
SEATTLE LABOR RALLY SET IBU-CROWLEY DISPUTE TO BE REVIEWED
Gloria Joseph |
When Inlandboatmen's Union members gather at noon Thursday for a rally in Seattle, they'll be protes
Maritime
INSURANCE EARNINGS
JOC Staff |
Hanover Reports Quarterly IncomeWORCESTER, Mass. - Hanover Insurance Cos. reported fourth qu
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Taiwan Dollar Reaches Highest Level in YearsTAIPEI, Taiwan - The Taiwan dollar rose Tuesday
Maritime
SEVERE WINTER TAKES ITS TOLL ON SOVIET CROPS
(Ap) |
Severe weather may have killed a larger-than-usual share of the Soviet Union's 1987 winter crops, th
INDONESIA WARNS OPEC ADVISER BIDS CARTEL BE SERIOUS ABOUT DISCIPLINE
P.T. Bangsberg |
There is a good chance that oil prices will remain in the range of $18-$22 a barrel this year and ne
SAUDI ARABIA HALTS TALKS ON OIL STORAGE DEPOTS
Knight-Ridder Financial |
Saudi Arabia suspended negotiations for the construction of under ground oil storage depots with Swe
FLA. ILA REJECTS SPLIT WORK PLAN
Craig Dunlap |
The president of a non-union stevedoring and agency company at Port Everglades said he would be will
Maritime
BAHAMA OIL GIVES SMIT UNIT CONTRACT
Journal of Commerce Staff |
Bahama Oil Refinery Co. awarded a contract to Nieuwe Rotterdamse Sleepdienst to handle oil tankers a
Maritime
SPEED LIMIT FATE IN HANDS OF HOUSE
David M. Cawthorne |
The fate of the 55 mile per hour speed limit is in the hands of the House of Representatives under t
TOKYO BANKERS SAY US RULES DISCOURAGE FOREIGN INROADS
A.E. Cullison |
U.S. monetary authorities are delaying approval of applications of foreign banking institutions plan
STEEL PRODUCTION UP 10 PERCENT IN WEEK
(Ap) |
Steel production rose to 1.570 million tons in the week ended March 7, an increase of 10.1 percent f
COMMODITY BRIEFS
From Wire and Staff Reports |
Baltic Exchange Marts Considering MergerThree agricultural futures markets on the Baltic Exc
PLASTICS CORNER
Journal of Commerce Staff |
US Ethylene Demand Forecast to Grow 2.6 percentU.S. ethylene demand is forecast to grow at a
DESIGNERS SKIRT MODESTY AT MILAN TRADE FAIR
(Ap) |
The winter of 1987-1988 will be one of the shortest in decades, at least where hemlines are concerne
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Taiwan Dollar Reaches Highest Level in YearsTAIPEI, Taiwan - The Taiwan dollar rose Tuesday
Maritime
USL JOINS FOES OF APL PLAN
Robert F. Morison |
United States Lines Inc. warned the Maritime Administration that American President Lines Ltd.'s ent
Maritime
THREE COUNTRIES IN EUROPE TOP US LABOR COSTS
(Ap) |
For the first time since 1981, labor costs in West Germany, Switzerland and Norway rose beyond the c
Maritime
IMPORT BRIEFS
From Wire and Staff Reports |
US-Canada Trade Pact Could Set PrecedentA bilateral free trade agreement between the United
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Mexican Containership Officially Declared LostThe Mexican-flag containership Tuxpan, missing
DRUG TESTING BILL FACES MAJOR FIGHT
David M. Cawthorne |
Legislation calling for the testing of railroad, truck, bus and airline workers for alcohol or drug
PAN AM CHAIRMAN TAKES 20 PERCENT SALARY 'CUT'
David Lyons |
To demonstrate the need for across-the-board belt-tightening at his beleagured airline, Pan Am Chair
THREE DECADES CHANGE CARGO MANAGER'S JOB
Richard Malkin |
The year is 1955. The only experience the young man can point to is his service as an apprentice at
FINANCIAL BRIEFS
From Wire and Staff Reports |
Nations on Baker List Fall Deeper Into DebtFinancial conditions of 15 heavily indebted count
NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe nominating committee of the New York Stock Exchange named three new candidat
ROLL-ONS' SAFETY DEFENDED
Journal of Commerce Staff |
The chairman of Sea Containers, which operates ferry services across the English Channel, has descri
Maritime
SEA-LAND TO MODIFY SERVICE
Journal of Commerce Staff |
Sea-Land Corp. announced plans to modify its Puerto Rico service beginning next week. Sea-La
Maritime
NO CONFLICT SEEN IN BRUNO'S TIES WITH INSURERS
James Nolan |
Joseph L. Bruno, Republican chairman of the N.Y. State Insurance Committee, doesn't have a conflict
HONG KONG FIRMS SEE FLAT US TOY MARKET
P.T. Bangsberg |
Despite a mediocre year for the U.S. toy industry, Hong Kong companies report satisfactory results f
Maritime
INVESTMENT BOOMS IN HONG KONG
(Ap) |
A dramatic rise in foreign industrial investments in Hong Kong is a sign of confidence in the econom
Maritime
HONGKONG & SHANGHAI BANK REPORTS RECORD PROFITS
P.T. Bangsberg |
Hongkong & Shanghai Banking Corp. announced record profits of a fraction above HK$3 billion (US$385
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
Gull Seeks Protection Under Chapter 11 LawsBOSTON - Gull Air, on the heels of an antitrust s
WHY JAPAN MAY NEED MORE PRODDING
Rose A. Horowitz |
Japan may need a serious blow from the United States to make it respond to the intense frustration o
PLANE MAKES EMERGENCY TOUCHDOWN
(Ap) |
A twin-engine plane from Toronto with a cargo of gold bricks made an emergency touchdown without its
COST OF CREDIT
JOC Staff |
Tue., March 10, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
JAPAN TO AID VENTURE IN BRAZIL
(Ap) |
Japan plans to extend some financial assistance to a Japanese-Brazilian joint aluminum smelting proj
Maritime
RAINIER STOCK SURGE UNDER INVESTIGATION
(Ap) |
The federal government is investigating a surge in the price of Rainier Bancorporation stock last mo
Maritime
SENATOR LINE CHANGES TIMETABLE
Bruce Barnard |
Senator Line will start its round-the-world service in April as planned, according to Karl-Heinz Sag
Maritime
FLA. UTILITY GOES 'DOWN UNDER' FOR STEAM COAL
Tim Sansbury |
Florida Power Corp. became the second Gulf of Mexico utility this year to reach down under to purcha
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