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FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
PHILIPPINES MOVES TO UPGRADE ITS FLEET
P.T. Bangsberg |
The Philippine government said Wednesday it accepted in principle several recommendations designed t
SOVIETS TO WIN PLACE AT GATT NEXT MONTH
John Zarocostas |
The first major step in integrating the Soviet Union into the mainstream of international trade will
PEOPLE - MARITIME CROWLEY MARITIME NAMES NALEN VICE PRESIDENT, RISK MANAGEMENT
From Wire and Staff Reports |
Charles F. Nalen, risk manager for Crowley Maritime Corp.'s Pacific division, was appointed vice pre
Maritime
ENERGY BRIEFS
From Wire and Staff Reports |
NYMEX BOOSTS MARGINS ON ENERGY FUTURESThe New York Mercantile Exchange increased its origina
CRUDE OIL INVENTORIES INCREASE IN WEEK, API BULLETIN SAYS
Journal of Commerce Staff |
Crude oil inventories soared last week, the American Petroleum Institute's supply bulletin for the w
TRADING WITH SOVIET UNION US COMPUTER COMPANY CARVES NICHE
Duncan Robinson |
When you think of computer companies, Innovation Computer Corp. may not be the first name that comes
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1459 (Apr. 11, 1990) Previous day - 1462 The Baltic International Freight Futures Market in
Maritime
COURT BACKS CREW IN WAGE DISPUTE PANAMANIAN-FLAG SHIPS AFFECTED
David F. White |
In a case that could have broad implications for sailors on Panamanian-flag merchant vessels, a Flor
Maritime
USX MAY CLOSE SOUTH WORKS MILL
JOC Staff |
USX Corp. says it is considering shuttering the remnants of its rusting South Works steel mill, a mo
SOUTHERN PERU COPPER SEEKS TO DEFER NEAR-TERM SHIPMENTS
Knight-Ridder Financial |
Southern Peru Copper Corp. seeks to avoid near-term shipments of copper cathode, asking its U.S. cli
PHIBRO SEEN PAYING ARBITRATION AWARDS AFTER LOSING APPEAL
Knight-Ridder Financial |
The U.K. company Philipp Brothers Ltd. will certainly pay arbitration awards totaling about 3 milli
COMMODITY BRIEFS
From Wire and Staff Reports |
FAO PREDICTS 3 PERCENT RISE IN WORLD WHEAT CROPWorldwide production of wheat could increase
W. GERMAN TAX PLAN DRAWS EC THREAT
Bruce Barnard |
The European Community Commission threatened to take legal action to force West Germany to abandon a
RICO ACT EMPLOYED TO FIGHT MARITIME WHITE-COLLAR CRIME
Peter D. Clark |
On March 28, 1990, New York maritime arbitrators awarded a charterer treble (triple) damages of $368
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
SMIDT, VARIG PRESIDENT, DIES IN NEW YORKNEW YORK - Helio Smidt, president of Varig Airlines
BURNLEY DEFENDS SUCCESSOR'S TRANSPORT POLICY
WILLIAM DiBENEDETTO |
A former transportation secretary defended his successor's national transportation policy, but said
MEMOREX TELEX TO BUY AT&T UNIT
From Wire Reports |
American Telephone & Telegraph Co., streamlining its computer business, said Tuesday it is selling a
GORDON PLATT'S CREDIT OUTLOOK
Gordon Platt |
LOWER INTEREST RATES may be needed soon to keep the U.S. economy from stalling. Economists s
RICHARD MALKIN'S AIR CARGO FOCUS
Richard Malkin |
S.J. Hofstra might be piloting one of KLM's combis if he hadn't washed out in pilot training. So the
IMPORT BRIEFS
Wire and Staff Reports |
WEST POINT-PEPPERELL SELLS ARTHUR SANDERSONWest Point-Pepperell Inc. sold its U.K. unit, Art
Maritime
MOSCOW SEEKS NEW TECHNOLOGY EXPORT RULES
(Reuter) |
The Soviet Union urged the West Tuesday to make new rules covering exports to Eastern Europe of sens
Maritime
PANAMA SHIP OFFICIAL: I'M FIGHTING CORRUPTION
Alan Abrams |
The new chief of the Panamanian ship registry admits that corruption was rife in Panama's consulates
CONOCO LEADS SHIFT IN US TO DOUBLE-HULLS
David F. White |
Conoco Inc. Tuesday said it will require all its new oil tankers to be of double-hull construction b
SEA-LAND, MONTGOMERY SIGN TRANSPORT PACT
Journal of Commerce Staff |
Sea-Land Service Inc. and Montgomery Tank Lines, Plant City, Fla., said they have reached agreement
Maritime
PHILADELPHIA ELECTRIC POSTS NUCLEAR RECORD
Journal of Commerce Staff |
Philadelphia Electric Co. said Tuesday that 85 percent, a record level, of the electricity the compa
SPOT PRODUCT PRICES
JOC Staff |
Apr. 10, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon,
COST OF CREDIT
JOC Staff |
Tue., April 10, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
COMMODITY BRIEFS
From Wire and Staff Reports |
SOVIETS BOOK WHEAT UNDER US BONUS PLANKANSAS CITY, Mo. - The Soviet Union Tuesday booked 125
BELLINGHAM PORT SET TO CONSIDER FAR-OUT REQUEST WAIVER URGED FOR 'SAUCERS'
John Davies |
The Port of Bellingham, Wash., doesn't get too many requests to waive landing and dock fees for extr
Maritime
ILA DISTRICT ELECTS HOLLAND TO SERVE UNEXPIRED TERM
Journal of Commerce Staff |
Benny Holland Jr. was elected to serve the unexpired term as president of the International Longshor
Maritime
LATINS COULD PROVIDE CURE TO US DEFICIT
Chicago Tribune |
For U.S. exporters, especially those based in the Midwest, Latin America holds much greater promise
Maritime
FISCAL PROBLEMS IMPERIL MASS. HIGHWAY PROJECT STATE UNABLE TO MATCH FUNDS
Michael S. Lelyveld |
A top federal highway official expressed "serious concerns" Monday about Massachusetts' ability to f
EXPORT BRIEFS
Wire and Staff Reports |
JAPAN URGED TO OPEN PROBE OF AUTO INDUSTRYBoone Corp., a U.S. investment company, Tuesday ca
Maritime
CONSUMER PRICES RISE 20,266 PERCENT IN ARGENTINA
From Wire Reports |
Argentine consumer prices rose a staggering 20,266 percent in the 12 months ending in March, accordi
BALTIC FREIGHT INDEX
JOC Staff |
1462 (Apr. 10, 1990) Previous day - 1462 The Baltic International Freight Futures Market in
Maritime
PORTS OF SINGAPORE, SEATTLE SIGN ELECTRONIC DATA PACT
John Davies |
Ports in Singapore and Seattle this summer will begin carrying out electronic data interchange of sh
MAERSK GETS UN AWARD FOR RESCUES
Journal of Commerce Special |
Danish shipping company A.P. Moller-Maersk Line received an award Tuesdayfrom the United Nat
Maritime
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
BECHTEL WINS CONTRACT FOR HONG KONG PROJECTHONG KONG - Bechtel Inc. was awarded the first pr
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