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MICHIGAN RAILWAY RECEIVES FEDERAL GRANT
Associated Press |
Lake State Railway Co. said it will replace highway crossings, repair rails and make other improveme
TRANSPORT BRIEFS
Wire and Staff Reports |
KLM SWINGS BACK INTO THE BLACKAMSTERDAM, Netherlands - KLM Royal Dutch Airlines regi
SPOT PRODUCT PRICES
JOC Staff |
June 2, 1994 U.S. spot oil product price indications, sellers range, in cents per gallon, f.
THE ECONOMY
Bureau of Labor Statistics; Commerce Department; Knight-Ridder |
LEADING INDICATORS Index tracks 11 economic statistics; seasonally adjusted.Monthly percent
SLOVENIAN INVESTMENT FUNDS EXPECTED TO BE LICENSED BY JULY
Marja Novak |
Slovenian investment funds are likely to be licensed by July, advancing the mass privatization proce
SPOT COMMODITIES
JOC Staff |
June 2, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
COLOMBIA BOOSTS PRICE OF COFFEE BY 7.5 PERCENT
Tom Quinn |
In a move that surprised even growers, Colombia raised its internal coffee price by 7.5 percent, the
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
BANK OF NEW YORK OPENS SHANGHAI OFFICE
Associated Press |
The Bank of New York has opened a representative office in Shanghai. The office will provide
5 STOWAWAYS FOUND ABOARD SEA-LAND SHIP IN BOSTON
Michael S. Lelyveld |
Five stowaways were apprehended aboard a ship operated by Sea-Land Service Inc. when it docked in Bo
Maritime
EMERY UNVEILS DIRECT SERVICE TO TUCSON, MONTERREY
William Armbruster |
Emery Worldwide has launched direct air service to Tucson, Ariz., and Monterrey, Mexico. The
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
FRAGRANCE OILS DWINDLE ON REUNION ISLETwo essential oils used in fragrances are in s
INDONESIA ENDS RESTRICTIONS ON FOREIGN INVESTMENT
Mantik Kusjanto |
The government on Thursday scrapped major curbs on 100 percent foreign equity ownership to combat st
LEHMAN BROS. TO MANAGE $300 MILLION RUSSIAN FUND
Reuters |
U.S. investment bank Lehman Bros. will manage a new $300 million Russian investment fund guaranteed
Maritime
ECONOCARIBE CONSOLIDATORS
K. Buck Wolf |
Econocaribe Consolidators Inc. has ridden the wave of growing trade in the Caribbean Basin,a fast-gr
Maritime
CHINA, AUSTRALIA TO EXPAND TRADE AND INVESTMENT TIES
P.T. Bangsberg |
The "sound development of bilateral economic and trade links" between China and Australia should be
Maritime
ASIAN BANK TO HELP FINANCE PORTION OF MONGOLIAN TELECOM IMPROVEMENT
Journal of Commerce Staff |
The Asian Development Bank is planning to finance nearly half of a $48.6 million project to upgrade
Maritime
SALINAS SAYS SUCCESSOR MUST FOCUS ON ECONOMY
Kevin G. Hall |
Regardless of who assumes the office of president in Mexico later this year, the new leader's princi
Maritime
FREIGHT RATE FUTURES
JOC Staff |
June 2, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
BRAZIL TREASURY TO ISSUE UP TO $1 BILLION IN BONDSBRASILIA, Brazil - The Brazilian Treasury
Maritime
KLM TO SWAP ITS AIRBUSES FOR BOEING 767-300S
Bruce Barnard |
The European-U.S. aerospace war intensified Thursday after KLM Royal Dutch Airlines traded in its Ai
CHINA URGES JAPAN TO AVOID UNILATERAL CURB ON TEXTILES
Knight-Ridder Financial |
Chinese Foreign Trade and Economic Minister Wu Yi Thursday asked Japan to exercise prudence in takin
VIETNAM EXPECTS TRADE DEFICIT OF $100 MILLION IN FIRST HALF
Reuters |
Vietnam is heading for a trade deficit of $100 million in the first half of this year, the official
SHIPOWNERS GEAR UP FOR EXPO IN GREECE
Janet Porter |
Some of the world's most powerful shipowners will be flying into Athens this weekend in preparation
Maritime
MAJOR GAINS AND DECLINES IN CARLOADINGS
JOC Staff |
Three Weeks Ended May 28, 1994, vs. Similar 1993 Period Cars CarsLoaded Loaded
CONRAIL HOPS ON BANDWAGON IN RAISING INTERMODAL RATES
Rip Watson |
Conrail's plans to raise domestic intermodal rates an average of 4.5 percent Aug. 1 on equipment it
ENERGY BRIEFS
Wire and Staff Reports |
COLOMBIA EXPORTS CRUDE AFTER 26-DAY DELAYBOGOTA, Colombia - Colombia ended a 26-day
CONOCO, PENNZOIL UNITE TO UPGRADE LOUISIANA REFINERY
Knight-Ridder Financial |
Conoco Inc. and Pennzoil Co. have agreed to jointly build a $500 million lube oil hydrocracker at Co
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Wednesday at 233.84 off 1.61
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
DANISH JOBLESS RATE HELD AT 12.6 PERCENT IN APRIL
Knight-Ridder Financial |
Unemployment in Denmark was unchanged in April with 354,500 people unemployed, corresponding to 12.6
EU COMMISSION EXPECTED TO PULL TRADE BREAKS OF S.KOREA, SINGAPORE
Bruce Barnard |
The European Commission is expected to delete South Korea and Singapore from its list of developing
Maritime
TARIFF CUTS HURT INDIAN INDUSTRIES, GROUP SAYS
Shiva Lingam |
A leading business association is claiming that this year's cut in import tariffs is harming the cou
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
2 EX-MET LIFE AGENTS SUING OVER JOB LOSSBETHLEHEM, Pa. - Two former Metropolitan Lif
MARITIME CALENDAR
JOC Staff |
"Ship, Sea and Sky: The Marine Art of James Edward Buttersworth." Through Sept. 5. New York. Exhibit
Maritime
OLIN PLANS EXPANSION OF LA. CHEMICAL PLANT
JOC Staff |
Olin Corp. said Thursday it plans to invest $75 million in the integration and expansion of its TDI
VALDEZ LAWSUITS CAN RETURN TO ALASKA COURT, RULING SAYS
Associated Press |
Alaskans who claim they were harmed by the March 1989 Exxon Valdez oil spill can transfer their laws
Maritime
AMWAY WINS CONVERTS IN FORMER EAST BLOC
Milan Ruzicka |
Preaching self-reliance as the gospel, Amway, the Ada, Mich., direct distributor, has made an impres
CORRECTION
JOC Staff |
The story appearing on Page 7B on June 2, titled "CMA Confirms Plan to Launch US-Med Service," shoul
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
SEA-LAND, MEBA EXTEND CONTRACTWASHINGTON - Sea-Land Service Inc. and District 1/Mari
Maritime
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