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DAILY PETROLEUM PRICES.
JOC Staff |
Wednesday July 13, 1994 Prevailing sellers' posted prices at the close of business, represen
ENERGY BRIEFS
From Wire and Staff Reports |
MALAYSIAN, UZBEK FIRMS SIGN OIL FIELD DEALKUALA LUMPUR, Malaysia - Malaysian company
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange July 13, 1994Brent Crude Oil - (Dollars Per Barrel)
PACIFIC LINES MAP PLANS TO AVOID RATE WARS
WILLIAM DiBENEDETTO |
Trans-Pacific ocean carriers are coming up with strategies to avoid a repeat of the bidding wars tha
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
EU URGED TO UNIFY ITS EXPORT CREDIT RULES GOAL IS TO DODGE A SUBSIDY BATTLE
Bruce Barnard |
The European Commission on Wednesday called for common rules on government- financed export credit s
FIRM TO OPEN DOORS TODAY, LIQUIDATING BAD LOANS IN JAPAN
Knight-Ridder Financial |
The Industrial Bank of Japan said a firm jointly set up with other financial institutions to help li
COST OF CREDIT
JOC Staff |
Wednesday, July 13, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESC
DOLLAR RISES ON RUMOR FED WILL RAISE RATES FULL POINT
Jon E. Hilsenrath |
The U.S. dollar rose Wednesday on rumors the Federal Reserve will raise short-term interest rates by
SWISS SLAM GERMAN TACTICS IN CONTEST FOR WTO SITE
Philippe Naughton |
Angry Swiss officials criticized Germany Wednesday for what they described as a "lack of fair play"
COSCO MOVES TRANSSHIPMENT TO SINGAPORE FROM HK PORT AUTHORITY OFFERS DISCOUNTS
P.T. Bangsberg |
China Ocean Shipping Co., China's maritime flag carrier, is switching most of its regional transship
Maritime
SOUTHERN PACIFIC WILL ACQUIRE NEW GENERATION AC LOCOMOTIVES
Lawrence H Kaufman |
Southern Pacific Rail Corp. has joined the railroad industry shift to alternating current (AC) tract
SHIPOWNERS SAY APOLLO SEA LOST WITH ALL HANDS
Reuters |
The owners of the bulk carrier Apollo Sea, which disappeared off the Cape coast during a violent sto
Maritime
CARRIERS STUDY OPTIONS FOR AVOIDING MARSEILLES
Tara Patel |
Despite attempts by stevedoring employers at the French port of Marseilles to solve a labor conflict
Maritime
SEC REPORTEDLY PROBES FUNDING OF COLO. AIRPORT
Reuters |
The Securities and Exchange Commission's yearlong probe of the municipal bond market has expanded to
COLLISION AVOIDANCE SYSTEMS POSSIBLE BY 2000, FRA SAYS
Lawrence H Kaufman |
The Federal Railroad Administration told Congress Wednesday that it believes collision avoidance sys
SENATE PANEL VOTES TO KEEP ICC BUT CUT ITS FUNDING
Stephanie Nall |
The Interstate Commerce Commission survived a key threat to its existence Wednesday when a Senate su
HIGH OUTPUT BOOSTS COPPER SCRAP SUPPLY PRICES START TO FALL
From Wire and Staff Reports |
Strong U.S. industrial production is keeping copper product output humming, but high prices for the
CUT! INDIAN FILM INDUSTRY SEEKS BAN ON DUBBED MOVIES
Milan Ruzicka |
No sooner was India removed from one U.S. trade agency's blacklist than another U.S. trade agency ra
'93 FOREIGN INVESTMENT IN LITHUANIA HIT $100 MILLION
Knight-Ridder Financial |
Foreign investment in Lithuania totaled about $100 million last year, according to figures released
Maritime
PEOPLE - TRADE
Wire and Staff Reports |
FRITZ COS. (San Francisco, Ca.) - Al Benki was appointed managing director, Asia. Mr. Benki,
Maritime
INDONESIAN MISSION HITS THE ROAD TO BOOST FOREIGN INVESTOR INTEREST
Dean Yates |
Concern that overseas investors are overlooking Indonesia's economic potential is prompting the coun
Maritime
AGRICULTURAL TRADELEADS
Supplied by the U.S. Dept. of Agriculture |
Trade leads are supplied by: US Department of AgricultureForeign Agricultural Service
Maritime
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
MARITIME BRIEFS
From Wire and Staff Reports |
JAPAN TRANSPORT MINISTRY EVALUATES US SHIP BILLTOKYO - Japan's Ministry of Transport
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
CONSECO WEIGHING SALE OF STAKES IN 3 INSURERSNEW YORK - Conseco Inc. confirmed Wedne
MET LIFE WILL EXTEND CALIFORNIA CLAIM DEADLINE
Reuters |
The California Deparment of Insurance said it reached an agreement with Metropolitan Life Insurance
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of July 12, 1994 Quotations are based on prices reported in the market or obtained from s
PEOPLE - TRANSPORT
JOC Staff |
BRITISH AIRWAYS WORLD CARGO (London) - The airline has named six new management positions, all of wh
INSIDE TALK - LARRY KAUFMAN IF IT'S NOT ONE MERGER, IT'S ANOTHER IN WORLD OF RAIL TRANSPORT
Larry Kaufman |
Now that the merger of Burlington Northern Railroad and Atchison, Topeka and Santa Fe Railway is und
CORRECTION
JOC Staff |
The story headlined "NJ Dealers Say Exxon Is Squeezing Them Dry," which appeared on Page11B on Frida
EU URGED TO BOOST QUOTA SO CHINA WON'T PACK UP ITS TOYS AND GO HOME
Bruce Barnard |
The European Commission called Tuesday for a 25 percent increase in the value of quotas on imports o
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
DEATH OF AUTO CLERK RESULTS IN STRIKELONDON - About 11,500 Karachi, Pakistan, port t
Maritime
US CONSIDERS CONCESSION ON RUSSIAN EMIGRATION LINK
Richard Lawrence |
The Clinton administration is considering giving Russia a stronger guarantee of the lowest U.S. impo
Maritime
TRADE BRIEFS
Wire and Staff Reports |
3 INVESTMENT OFFICERS DIE IN UKRAINE ACCIDENTBOSTON - Three investment officers of C
Maritime
CONSTRUCTION ORDERS DECLINE IN UK
Knight-Ridder Financial |
The value of new construction orders in the U.K. fell a provisional 13 percent in the three months t
CORRECTION * \
JOC Staff |
The story headlined "Allstate Life Executive Chosen To Head Fund," which appeared on Page 7A July 8,
Maritime
PUBLISHER'S NOTEBOOK
Don C. Becker |
It was early in 1985 that as the new publisher of New York's oldest business newspaper I was invited
GULFPORT, MISS., REPORTS RECORD YEAR FOR TONNAGE
John Porretto |
A record year for tonnage at the state port in Gulfport translates into more jobs and expanded hours
Maritime
MO.'S OLIVER TRANSPORTATION ESTABLISHES BROKERAGE DIVISION
Journal of Commerce Staff |
Faced with more orders than trucks, Oliver Transportation Inc. (OTI) has taken the atypical step of
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