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US VISIT BY INDIA'S RAO TO FOCUS ON INVESTMENT
Reuters |
Indian Prime Minister P.V. Narasimha Rao will focus on foreign investment in his planned visit to th
Maritime
FOREIGN FIRMS SEE FORTUNE IN INDIA PHONE MARKET
N. Vasuki Rao |
The market for telephone instruments in India is headed for a shake-up, and it will provide good opp
Maritime
FLORIDA'S SOUTH DADE FARMERS SAY THE NAFTA IS ALREADY CAUSING PAIN
Oscar Musibay |
The worst fears of tomato farmers in Florida's South Dade county may be coming true. Last ye
Maritime
FOREIGN UTILITIES EXPECTED TO BID FOR PERU FIRMS
Doreen Gillespie |
Six international utility companies are likely to form consortia to bid for a 60 percent stake in Ma
TRADE BRIEFS
Wire and Staff Reports |
CHINA EXPORTS GREW FASTER THAN IMPORTSChina's exports in the first quarter grew faster than
Maritime
US SHARE OF CRUDE EXPORTS FROM MEXICO INCREASES TO 73 PERCENT
Jennifer Tierney |
Mexico is selling an increasing proportion of its crude oil to the United States, according to a Pet
COMPAQ TO DOUBLE SINGAPORE UNIT'S SIZE
Associated Press |
Compaq Computer plans to spend $50 million to double the size of its Singapore factory by 1996.<
Maritime
VARIAN SELLS CHIP IMPLANTERS TO SOUTH KOREA'S GOLDSTAR
Brian Johns |
South Korea's continued push toward high-tech self-sufficiency has yielded another million dollar sa
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Apr. 13, 1994 Prevailing sellers' posted prices at the close of business, represen
TRADING WITH ISRAEL ISRAEL'S SDOM, GOMORRAH MAY YIELD METAL FOR FIRM
Kenneth Wolf |
One U.S. metals trader is taking a close look at the region of Israel where the infamous cities of S
Maritime
API REPORTS A LARGE DECLINE IN OIL STOCKS DURING FIRST QUARTER
Pamela Conway |
There was an unusually high drawdown in U.S. oil inventories in the first quarter of 1994, which red
ALCORN FINDS SIGNS OF NEW RESERVOIR IN PHILIPPINES' WEST LINAPACAN FIELD
Henry Cutter |
Alcorn (Production) Philippines Inc. has found signs of a second crude reservoir at the West Linapac
CORRECTION
JOC Staff |
Arco Chemical Americas, cited in "ETBE Fuel Needs Tax Break For Boost in Output, Arco Says," on Page
RUSSIAN CUSTOMS, FIRM NEAR DEAL ON OIL PAYMENT
Grigori Gerenstein |
The Russian Customs Committee and state oil producer Rosneft Wednesday appeared to be on the way to
ENERGY BRIEFS
From Wire and Staff Reports |
FOUR CORNERS OIL LINE REMAINS SHUT IN CALIF.LOS ANGELES - Four Corners Pipe Line Co.
CHINA TO SPEED RESPONSE TO DUMPING CHARGES OFFICIAL COMPLAINS OF PROTECTIONISM
P.T. Bangsberg |
China said Wednesday it will speed up its response to charges of dumping by trade partners, suggesti
Maritime
KY. UTILITY'S ACCOUNTANTS RAISE CONCERN IN REPORT
Associated Press |
Accountants for Big Rivers Electric Corp. expressed some doubt about the western Kentucky utility's
BEIJING VOWS TO TIGHTEN TAX NET SETS SEVERE PUNISHMENT FOR EVADERS
Reuters |
China will tighten its supervision of personal income-tax collection, targeting tax evaders ranging
Maritime
ASIA OIL REFINERS EXPECTED TO SEE BETTER MARGINS
Angela Tan |
Oil refiners in Asia can expect to enjoy healthier margins as crude oil prices continue to lag, indu
PEABODY COAL TO LAY OFF 30 IN REORGANIZATION INTO 4 UNITS
From Wire Reports |
Peabody Coal Co. will lay off about 30 employees at its headquarters in this western Kentucky city a
MOBIL TO SIGN AGREEMENT TO SEEK OIL OFF VIETNAM
Associated Press |
Mobil Corp. said it will sign a contract to explore for oil off the southeast coast of Vietnam, beco
EU COMMISSION CHALLENGES GREEK BLOCKADE IN COURT
Bruce Barnard |
The European Commission began legal action against Greece Wednesday over its trade blockade of the f
Maritime
API WEEKLY REPORT
JOC Staff |
Thousands of Barrels Week Week WeekEnded Ended Ended4-8 4-1
CHINESE PLAN TO BUILD 2 DIGITAL DATA NETWORKS
Jeffrey Parker |
China's telecommunication minister unveiled plans Wednesday to build two nationwide digital informat
Maritime
TRADE BRIEFS
Wire and Staff Reports |
CUSTOMS WORKERS CALL STRIKE IN AUSTRALIACANBERRA, Australia - Australian customs wor
Maritime
CHINA STAKES A CLAIM TO MEMBERSHIP IN WTO
Clare Nullis |
China firmly staked its claim Wednesday to become a founding member of the new World Trade Organizat
Maritime
SPOT COMMODITIES
JOC Staff |
Apr. 13, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
CARGO OF CYANIDE LOST OFF COAST OF CHILELONDON - The container vessel Kamina lost 10
US FARM SPENDING CUTS EXPECTED TO HELP PAY FOR COST OF AGREEMENT
Doug Palmer |
U.S. farm groups expect the Clinton administration to propose "about $3 billion to $5 billion" in fa
Maritime
FRANCE THROWS WRENCH INTO PROCUREMENT DEAL
Keith M. Rockwell |
An internal European Union dispute on the implemention of a restrictive banana import regime is thre
Maritime
INDIA MAY EXPORT WHEAT AND RICE FOR FIRST TIME
Hari Ramachandran |
The Indian government is considering exporting wheat and rice for the first time, the head of its bi
FORMER USSR'S COPPER SALES POISED FOR A REBOUND IN US
Winston Williams |
Copper exports to the United States from the Commonwealth of Independent States are widely expected
SURGE EXPECTED IN US MARKET FOR "GREEN' POLYMERS
JOC Staff |
The U.S. market for water-soluble polymers, spurred by demand for environmentally friendlier process
AFL-CIO CHIEF BLASTS FIRMS DOING BUSINESS WITH CHINA
Tim Shorrock |
In unusually forceful language, AFL-CIO president Lane Kirkland Wednesday denounced U.S. corporation
Maritime
EUROPEANS MAY TURN TO US FOR SOYBEANS
Ned Stafford |
Tight soybean supplies caused by shipping delays in Brazil have forced crushers in Europe to cut bac
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
BALTIC FREIGHT INDEX
JOC Staff |
1253 (Apr. 13, 1994) Previous day - 1246 The Baltic International Freight Futures Market in
Maritime
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Apr. 13, 1994 Quotations are based on prices reported in the market or obtained from s
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Tuesday at 222.63 up 0.50 which compares w
FREIGHT RATE FUTURES
JOC Staff |
Apr. 13, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
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