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TRADE BRIEFS
From Wire and Staff Reports |
NEW POLICIES SLOW INVESTMENTS IN CHINAForeign investment in China is plunging because of new
Maritime
DOW CHEMICAL SET TO START SHIPPING HAZARDOUS WASTE TO KAN. INCINERATOR
Jean Hays |
Within a few weeks, Dow Chemical Co. plans to ship the first of 150 truckloads of controversial diox
RUSSIA'S OIL FIELDS NO EASY RIDE FOR WESTERN FIRMS
Brian Killen |
Like mariners lured by sea-nymphs out of Greek mythology, Western oil companies in Russia have found
BALTIC FREIGHT INDEX
JOC Staff |
1329 (June 14, 1994) Previous day - 1336 The Baltic International Freight Futures Market in
Maritime
LAWMAKER PUSHES SAFETY IN ARGUING FOR TRUCK BILL
Stephanie Nall |
Highway safety requires that truck weights and lengths be frozen at current federal standards, Rep.
OPEC EXPERTS WARY OF OUTPUT AT NORTH SEA FIELDS
Mona Megalli |
OPEC experts have warned in a report to their oil ministers that, while world economic indicators se
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 14, 1994Brent Crude Oil - (Dollars Per Barrel)
GASOLINE PRICES
JOC Staff |
June 14, 1994 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
CAMBODIA SOON TO SEEK BIDS FOR OIL EXPLORATION
Knight-Ridder Financial |
Cambodia's offshore Block 5 will be opened to tenders from oil-exploration firms in the next four mo
DEFENDANT'S TESTIMONY PAVES WAY FOR RELIEF FOR LLOYD'S NAMES
Reuters |
A key defendant in a landmark negligence case against a Lloyd's of London insurer admitted Tuesday t
PEOPLE - INSURANCE
From Wire and Staff Reports |
MID OCEAN REINSURANCE CO. (Hamilton, Bermuda) - Guy H. Whitehead was named to the newly created posi
VARIG LAYS OFF NEARLY 50 PERCENT OF US AIR CARGO WORKERS
William Armbruster |
Employees in the U.S. cargo operations of Varig Brazilian Airlines took a heavy hit when the carrier
DELTA PLANS TO SLASH 2,500 JOBS, EUROPE FLIGHTS
Associated Press |
Delta Air Lines, detailing the first steps in a major cost-cutting campaign, said it will scale back
JONATHON BATCHELOR PROMOTED TO PRESIDENT OF ARROW AIR
William Armbruster |
Arrow Air announced Tuesday that Jonathan Batchelor has been chosen to replace Richard L. Haberly as
TRADE FAIRS
JOC Staff |
NORTH AMERICA AFIA Mexico '94. June 16-18. Guadalajara. New technology, macro- and micro- in
Maritime
EXXON VERDICT MIGHT HELP INSURERS AVOID CLEANUP COSTS
Journal of Commerce Staff |
This week's jury verdict in Alaska, finding Exxon Corp. at fault for the 1989 Exxon Valdez oil spill
LATEST RUSSIAN DECREE REPORTED TO RELAX FOREIGN BANKING RULES
Knight-Ridder Financial |
A recent Russian presidential decree allowing foreign banks to handle Russian citizens' accounts her
STRICT NUCLEAR SAFETY MEASURES COULD FORCE CHERNOBYL TO CLOSE
Reuters |
Delegates from more than 70 countries met Tuesday to discuss tough new nuclear safety measures that
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
QUEBEC COPPER WORKERS AGREE TO LABOR PACTWINNIPEG, Manitoba - Unionized workers at N
RUSSIA SEEKS TO LINK TREATY, URANIUM EXPORTS
Geoff Winestock |
During a meeting next week, Russia will object to renewed threats of U.S. anti-dumping action agains
FREIGHT RATE FUTURES
JOC Staff |
June 14, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
PORT OF RAVENNA SEEKS AID FROM ITALY TO DEEPEN DRAFT
P.K. Semler |
Officials at the Port of Ravenna, Italy's fourth-largest and the largest on the Italian Adriatic, fe
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
NYK TO REVAMP SERVICE BETWEEN HAWAII, ASIANYK Line (North America) Inc. said it is restructu
Maritime
PEOPLE - TRANSPORT
From Wire and Staff Reports |
VIRGIN ATLANTIC CARGO (Lake Success, N.Y.) - John G. Ryan was promoted to senior vice president of c
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
INSURANCE BRIEFS
From Wire and Staff Reports |
DC, IDAHO LATEST TO WIN NAIC ACCREDITATIONBALTIMORE - The District of Columbia and I
COST OF CREDIT
JOC Staff |
Tuesday, June 14, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
DOLLAR STABLE AS ECONOMIC REPORTS FAIL TO STIR MARKET
Michael Duvally |
The U.S. dollar was barely changed Tuesday, with trading directionless. ''There is no rhyme
JAPAN'S CHIP IMPORT DATA DRAWS MUTED US RESPONSE
John Maggs |
Japan's imports of foreign-made computer chips in the first three months of 1994 reached 20.7 percen
Maritime
PEOPLE - MARITIME
Wire and Staff Reports |
MARYLAND PORT ADMINISTRATION (Baltimore) - Gregory Russell, chief financial officer, was named deput
Maritime
SMALL UNION WOOS MECHANICS AT UNITED
Lisa Burgess |
A tiny airline mechanics union that saw its heyday in the 1970s is mounting a campaign to establish
RAILROAD AGENCY QUESTIONS ABILITY OF CREWMEMBERS TO INSPECT TRAINS
Associated Press |
The Federal Railroad Administration is worried that crewmembers who inspect freight trains for defec
OWNERS HELD NOT RESPONSIBLE FOR SUPERVISING CARGO HANDLING
Stephanie Nall |
The Supreme Court Monday said vessel owners have no legal responsibility to supervise the loading an
Maritime
UK-EUROPE GAS PIPELINE NEEDED, EXECUTIVE SAYS
Knight-Ridder Financial |
A gas pipeline connecting Britain with mainland Europe will be needed by the turn of the century to
INDONESIA, EXXON CLOSE IN ON GAS DEAL, OFFICIAL SAYS
Ramthan Hussain |
The Indonesian national oil company Pertamina and Exxon Corp. have ironed out most major obstacles o
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 13, 1994Brent Crude Oil - (Dollars Per Barrel)
PENTAGON'S DESIRE TO SUBSIDIZE FLAT-PANEL SCREENS SPARKS CRITICISM
Gene Marlowe |
Getting there firstest with the mostest is no longer as important in warfare as getting there with a
Maritime
BOOM FOR FRENCH INSURERS ATTRACTS INTEREST OF UK FIRM
Helen Macleod |
Good prospects in the French insurance market prompted the purchase offer by British insurer Commerc
JUDGE OVERTURNS US POLICY ON PRIVATIZATION PENALTIES
Richard Lawrence |
A U.S. court has overturned the government's practice of imposing penalty duties on imports from pri
DOLLAR DECLINES ON COMMENTS BY US OFFICIAL, MARK'S STRENGTH
Michael Duvally |
The U.S. dollar declined Monday on comments by U.S. Treasury Undersecretary Lawrence Summers that tr
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