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NEW AIRLINE LINKING S. AFRICA, US EXPECTS CARGO TO PLAY A MAJOR ROLE
William Armbruster |
The fledgling USAfrica Airways is counting on cargo to make an important contribution to its bottom
JAPANESE SHIPS TO JOIN WAR GAMES AMID TENSION OVER NORTH KOREA
Reuters |
Japan's most powerful destroyer fleet left its home port, Yokosuka, south of Tokyo, on Tuesday to ta
Maritime
STEEL IMPORTS PACE 5.5 PERCENT INCREASE IN NEW ORLEANS' CARGO VOLUME
George F.W. Telfer |
The Port of New Orleans' cargo volume, led by sharp increases in steel imports, rose 5.5 percent to
Maritime
CHINA SEEKS PARTICIPATION FROM ABROAD IN RAILWAYS
P.T. Bangsberg |
One of the last bastions of Chinese state control is being opened up to overseas investment and expe
INFLATION FEARS BOOST TRADING IN COMMODITIES
From Wire Reports |
Speculators rushed back into U.S. commodity futures markets Tuesday fearing renewed inflation.
TRANSPORT BRIEFS
Wire and Staff Reports |
CSX TRANSPORTATION CHANGES NAME OF UNITJACKSONVILLE, Fla. - CSX Transportation Inc.
TRW SUBMITS BID TO CHINA BANK TO PROVIDE TECHNICAL INFRASTRUCTURE
Reuters |
TRW Inc. said it submitted a bid to provide the technical infrastructure for a modern banking system
VENEZUELA'S BANK WOES BRING CALL FOR BOOST IN REGIONAL STANDARDS
Charles W. Thurston |
The impact of the near collapse of Venezuela's commercial-banking system has spread beyond Venezuela
Maritime
MASS. BAILOUT FUND WANTS INSURER'S PAPERS
Kimberly Blanton |
The state fund for bailing out defunct insurance companies has asked Massachusetts regulators to tur
BRAZIL TO DOUBLE EXPORT CAPACITY AT GRAIN TERMINAL
James Bruce |
Brazil's state-owned mining company Companhia do Vale Rio Doce (CVRD) is investing $35 million to do
Maritime
DREDGING KEY TO US COMPETITIVENESS, LAWMAKER TELLS NEW YORK GROUP
Alice Cantwell |
A New Jersey congressman who helped end the impasse on federal permits to dredge the Port of New Yor
Maritime
ICC REJECTS ILLINOIS CENTRAL TARIFF ON SHIPPERS' LIABILITY
Gregory S. Johnson |
The Interstate Commerce Commission has handed grain shippers a key victory by canceling a controvers
JOURNAL OF COMMERCE - FAST FACTS
F.W. Dodge, McGraw-Hill Inc., New York |
No text.
MARITIME BRIEFS
Wire and Staff Reports |
TWRA INCREASING SURCHARGES JULY 1SAN FRANCISCO - The nine ocean carriers that set ra
Maritime
CHINESE OFFICIAL BACKS BUILDING OF HONG KONG BOX TERMINAL
Knight-Ridder Financial |
China's top official responsible for Hong Kong affairs gave his support Monday to the construction o
Maritime
CHINA'S STRICT IMPORT BAN FAILS TO STOP FOREIGN OIL FROM FLOWING
Angela Tan |
A growing number of foreign oil companies is trying to sneak cargoes into China despite the country'
VIETNAMESE POWER PROJECT TO HINGE ON PRICE, AVAILABILITY OF NATURAL GAS
Associated Press |
The price and supply of natural gas will determine any decision to build an $810 million power plant
BUSINESSMEN URGE QUICK END TO EU'S RAIL MONOPOLIES
Bruce Barnard |
Europe's top business executives have urged their governments to launch an assault on rail monopolie
ENERGY BRIEFS
Wire and Staff Reports |
CHINA GRANTS SINOIL CRUDE-IMPORT LICENSEHONG KONG - China granted a third state-owne
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange May 31, 1994Brent Crude Oil - (Dollars Per Barrel)_
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - May 31, 1994 Prev. Life of Contr. OpenOpen High L
GASOLINE PRICES
JOC Staff |
May 31, 1994 RESELLER RACKUnleaded Mid- Premium-Unlead Prem
PRODUCER PRICES RISE IN ITALY
Knight-Ridder Financial |
Italy's producer price index rose 0.2 percent in March from February and was up an annual 3.2 percen
JAPAN TO TRY APPEASING US IN TRADE TALKS, EXPERTS SAY
Mark Magnier |
Japan's primary objective in bilateral trade negotiations that resume today in Washington and Tokyo
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
US IMPORT PRICES ROSE 0.4 PERCENT IN APRILWASHINGTON - Prices of U.S. imports, exclu
Maritime
AETNA WILL IMPLEMENT 2,000 OF 4,000 ANNOUNCED LAYOFFS
Journal of Commerce Staff |
Aetna Life & Casualty Co. formally announced layoffs of 2,000 workers by the middle of next month as
COFFEE TRADERS PAY EXTRA TO SKIRT INDONESIAN DEFAULTS
Knight-Ridder Financial |
In order to avoid shipment defaults, some Singapore traders have paid higher prices for the Indonesi
PEOPLE - INSURANCE
From Wire and Staff Reports |
AMERICAN INTERNATIONAL GROUP (New York) - John J. Salinger, president of the Trade and Political Ris
APL, MEBA EXTEND THE DEADLINE ON CONTRACT NEGOTIATIONS BY 60 DAYS
Journal of Commerce Staff |
American President Lines Ltd. said Tuesday that contract negotiations with the District1/Marine Engi
Maritime
BUSINESSMAN IS ACCUSED OF STEALING SHIPPING GEAR
Tacoma News Tribune |
A federal grand jury accused maritime businessman Panos S. Palas of Tacoma of involvement in a schem
Maritime
CURRENT ACCOUNT SURPLUS FALLS IN TAIWAN
Knight-Ridder Financial |
Taiwan recorded a current account surplus for the first quarter of this year of $272 million, the lo
DAILY PETROLEUM PRICES.
JOC Staff |
Tuesday May 31, 1994 Prevailing sellers' posted prices at the close of business, representin
SPOT COMMODITIES
JOC Staff |
May 31, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
BRITAIN APPROVES DELTA-VIRGIN AIR PACT
Reuters |
John MacGregor, Britain's secretary of state for transport, said Tuesday he has approved an alliance
SWISS GOVERNMENT BEGINS GATT RATIFICATION PROCESS
Associated Press |
The Swiss government has opened up consultations on the GATT world trade package, stressing the bene
Maritime
THAI OUTPUT GROWTH SLOWS TO 8.1 PERCENT
Knight-Ridder Financial |
Thai year-on-year industrial production growth slowed to 8.1 percent in Aprilfrom 9.3 percen
WORLD TRADE CENTER NETWORK - TRADE LEADS
World Trade Center NETWORK |
FOR FURTHER INFORMATION:These trade leads are supplied through the World Trade Center NETWOR
Maritime
CARIBBEAN TEXTILE PRODUCERS LIKE PLAN TO OFFSET NAFTA
Canute James |
The textile and apparel producers in the Caribbean Basin welcomed a proposal that would protect the
Maritime
FUNDAMENTALIST TERRORISM PUTS EGYPT'S TOURISM IN HARM'S WAY
Tom Hundley |
Aswan is, lock, stock and wallet, a tourist town. For more than a century this sleepy Nile port has
WORLD COTTON-FUTURES CONTRACT SUFFERS FROM LINK TO US PRICES
Patrick Kelly |
The parallel rise in world and U.S. cotton prices this year has curbed use of the world cotton-futur
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