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MARITIME BRIEFS
From Wire and Staff Reports |
SEA-LAND, TRANSROLL ADD 2 SHIPS TO RUNLIBERTY CORNER, N.J. - Two vessels have been added to
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Feb. 4, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
ALABAMA MAN IS CHARGED WITH WORKERS COMP FRAUD
Associated Press |
An Alabama insurance consultant has been charged with defrauding a special state workers compensatio
TRADE BRIEFS
From Wire and Staff Reports |
ADMINISTRATION UNVEILS NEW FOREIGN AID PLANWASHINGTON - The Clinton administration's
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
GALES, RAINS, BLIZZARDS WREAK HOVOC IN BRITAINLONDON - Gales, torrential rain and bl
Maritime
UNDERCHARGE LAW INVALID, BANKRUPTCY JUDGE RULES
Stephanie Nall |
A political deal last year to bypass a powerful congressman and speed undercharge legislation throug
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
HORMONE THAT BOOSTS MILK OUTPUT HITS THE MARKET AMID DAIRY DISSENT
Steven H. Lee |
A controversial new drug that increases milk production in cows hits the market today, amid promises
BUCKING THE TREND, TAIWAN TO INCREASE STAINLESS STEEL OUTPUT
Cary O'reilly |
While most other stainless-steel-producing countries in Asia are expected to have stagnant or declin
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Feb. 3, 1994Brent Crude Oil - (Dollars Per Barrel)_
HOSOKAWA TAX PLAN FACES FIERY SOCIALIST OPPOSITION
Mark Magnier |
The government of Prime Minister Morihiro Hosokawa faced its second big political crisis in a week T
Maritime
EXPORT ABCS - HENRY A. SAMUEL FIRING DISTRIBUTORS AND AGENTS IS A NECESSARY EVIL FOR EXPORTERS
Henry A. Samuel |
Upon returning from an overseas trip, manufacturers often feel compelled to reorganize their distrib
Maritime
RUSSIAN CRUDE EXPORTS RECOVERED IN LATE JANUARY
Grigori Gerenstein |
Russian crude exports outside the former Soviet Union were only about 4 percent behind schedule on J
FRENCH OIL EXECUTIVE WARNS OF PRICE SHOCK
Associated Press |
The world could face another "oil shock" if petroleum prices stay at their current low level, said S
PAKISTAN PLANS PRIVATIZATION OF 30 FIRMS BY END OF JUNE
Special to The Journal of Commerce |
About 30 state-held industrial concerns in Pakistan will be sold by the country's national privatiza
Maritime
ARGENTINA TO OPEN MARINE MARKET TO FOREIGN INSURERS
Paula L. Green |
Argentina will welcome foreign competition into its $200 million to $300 million marine insurance ma
NORDSTROM'S TO SHIFT DISTRIBUTION FROM SEATTLE TO PORTLAND
John Davies |
Nordstrom Inc., the Seattle-based department store chain that has expanded nationwide in the last fe
PEOPLE - TRANSPORT
JOC Staff |
EMERY WORLDWIDE (Palo Alto, Calif.) - Douglas J. Brittin was named director of marketing. He replace
RAILS SLASH SPENDING AS DIESEL PRICES HIT 5-YEAR LOW
Lawrence H Kaufman |
Railroad operating expense budgets are reflecting the lowest diesel fuel prices in five years.
BOXSHIP ACCIDENT TOPPLES CRANES IN NJ
Journal of Commerce Staff |
At least two workers were injured, one reportedly seriously, in a container crane accident Thursday
COST OF CREDIT
JOC Staff |
Thursday, Feb. 3, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
US MANIFESTS INCLUDE LATVIA POTASH CARGOESNEW YORK - Two vessels bringing potash fro
INVESTORS, UNIONS DISAGREE ON EXPORT ZONE BENEFITS
Tim Shorrock |
Advocates of U.S. investment in offshore assembly industries in the Caribbean Basin denied a congres
WATER SHORTAGE COULD CURB GROWTH OF COTTON INDUSTRY IN AUSTRALIA
Knight-Ridder Financial |
Australia's annual cotton production could average 2.51 million bales (569,000 metric tons) by the e
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 227.99 up 1.00 which compares
FREIGHT RATE FUTURES
JOC Staff |
Feb. 3, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
MALAYSIA FIRM TO HUNT FOR OIL IN UZBEKISTANKUALA LUMPUR, Malaysia - Malaysian compan
US PRESSURE KINDLES INDONESIA LABOR STRIFE
Michael Shari |
A wave of strikes and civil unrest sweeping across the main island of Java was sparked by U.S. press
Maritime
HOSOKAWA TAX PLAN FIRES UP OIL DEBATE
Shinichi Kishima |
A new sales levy proposed by Prime Minister Morihiro Hosokawa will step uppressure on Japan
PHILIPPINE INDUSTRY SEEKS NICHE TO COUNTER LOW-WAGE COMPETITORS
Cecilia Quiambao |
Local industry, driven to the wall by cheap labor in China and Vietnam, should concentrate on high-v
Maritime
14-BARGE ACCIDENT ON OHIO RIVER HALTS TRAFFIC IN BOTH DIRECTIONS
Alice Cantwell |
A 14-barge accident Thursday on the swollen, fast-moving Ohio River halted traffic in both direction
Maritime
CLINTON LIFTS VIETNAMESE EMBARGO, PAVING WAY FOR RETURN OF TRADE
Richard Lawrence |
President Clinton decided Thursday to lift the U.S. trade embargo againstVietnam. Th
LYKES LOOKS TO CAPTURE BOSTON-MEXICO FREIGHT
Michael S. Lelyveld |
Lykes Bros. Steamship Co. and the Massachusetts Port Authority are hoping that most of their new exp
Maritime
PROGRESS MADE IN DOCK STRIKE, MEDIATOR SAYS
John Davies |
After a series of meetings throughout the night Wednesday and into early Thursday, striking longshor
RUSSIAN AIRLINE AEROFLOT PLANS TO LEASE FOUR BOEING 767S
Reuters |
Aeroflot plans to lease four Boeing 767-300 aircraft in May for flights to and from the United State
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
SPOT COMMODITIES
JOC Staff |
Feb. 3, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
NEW HAMPSHIRE SEEKS EPA WAIVER ON USE OF LOW-SULFUR DIESEL FUEL
Leonard J. Hollie |
New Hampshire has requested that the Environmental Protection Agency grant a temporary waiver of reg
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Feb. 3, 1994 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
VENEZUELA PADDED FOR PUNCH OF PROLONGED OIL PRICE SLIDE
Knight-Ridder Financial |
The prolonged decline in international oil prices has hurt other crudes more than it has Venezuela's
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