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ENERGY BRIEFS
From Wire and Staff Reports |
BANGLADESH, CHINA FIRMS ENTER COAL VENTUREDACCA, Bangladesh - Bangladesh has entered
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Jan. 6, 1994 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
ROTTERDAM DOCKWORKERS STRIKE OVER USE OF OUTSIDE TEAM
Associated Press |
Hundreds of dockworkers here staged a wildcat strike Thursday to protest the hiring of an outside te
Maritime
MASTERCARD SEES CHINA BECOMING TOP MARKET
Journal of Commerce Staff |
China is on its way to becoming the largest market for MasterCard International Inc., president Alex
Maritime
HUMAN TESTING EXPECTED FOR CANCER TREATMENT
JOC Staff |
Chemex Pharmaceuticals Inc. here said Thursday that as a result of laboratory studies on its proprie
JUDGE OKS STEINBRENNER LOAN TO TROUBLED FLA. SHIPBUILDER
Associated Press |
A bankruptcy judge has approved a $550,000 loan and $2 million letter of credit to American Ship Bui
Maritime
RESCUE SEARCH CALLED OFF FOR CREW OF STRICKEN BULKER
Reuters |
Rescue officials Wednesday called off a search for 36 Greek and Filipino crewmembers of a freighter
Maritime
WESTERN GERMAN DOUBLE-DIP RECESSION SEEN
Reuters |
The DIW economic research institute said the west German economy was heading for a double-dip recess
GUNDERSON REPORTS LARGEST BACKLOG OF RAILCAR ORDERS IN 15 YEARS
John Davies |
Railcar builder Gunderson Inc. of Portland, Ore., reported this week booking $130 million in new ord
UNDERWRITERS EXERCISE OPTION TO BUY MORE GRYPHON SHARES
JOC Staff |
Underwriters Smith Barney Shearson, Lehman Brothers and Goldman, Sachs & Co. exercised their option
US BREWERS: CANADIANS NOT HONORING BEER PACT
Peter Morton |
The U.S. brewing industry has called on Washington to close the border to Canadian beer because of a
Maritime
INDIA VOWS TO PAY FOREIGN POWER FIRMS
Rahul Sharma |
India said Thursday that it agreed to guarantee payments for electricity to be generated by seven ma
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Transportation News Ticker, the |
GLOSSARY AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Jan. 6, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
OIL TANKER HEADS FOR REPAIRS IN WAKE OF ICEBERG MISHAP
John Davies |
An oil tanker that suffered a crushed submerged bow section when it apparently struck an iceberg nea
Maritime
US TO SLASH IMPORTS OF CHINESE TEXTILES PENALTIES IMPOSED OVER ILLEGAL TRANSSHIPMENTS
John Maggs |
The United States will block imports of $1.2 billion to $1.6 billion a year of textiles and clothing
3 US OIL FIRMS WIN BIDS TO DEVELOP SAKHALIN BLOCKS
Knight-Ridder Financial |
Exxon Corp., Mobil Corp. and Texaco Inc. have won the "Sakhalin-3" tender for the right to survey an
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Jan. 6, 1994 Prev. Life of Contr. OpenOpen High Low
FIFTH THIRD BANK
Kenneth Wolf |
International trade requires banks to perform a balancing act. They need to wield international clou
Maritime
INTERNATIONAL SEABORNE TRADE RISES FOR 7TH STRAIGHT YEAR, UN REPORT SAYS
John Zarocostas |
Despite a downturn in major industrial economies, international seaborne trade rose by 2.2 percent i
Maritime
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
VIETNAM TO BUY COFFEE TO PAY FOREIGN DEBTSLONDON - The Vietnamese government should
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 227.31 up 0.57 which compares
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Jan. 6, 1994 Quotations are based on prices reported in the market or obtained from su
WEAK EXPORTS EXPECTED TO SLOW GERMAN RECOVERY
Miriam Widman |
The German economy is likely to stay in the doldrums because of continued weak export markets in Eur
Maritime
CLINTON'S PLAN ON AVIATION REFORM BACKS GLOBAL DECONTROL OF AIR CARGO
Mark B. Solomon |
The Clinton administration Thursday called for deregulation of the global air cargo marketplace and
PEOPLE - TRANSPORT
Wire and Staff Reports |
SOUTHERN PACIFIC RAIL CORP. (San Francisco) - Lynn K. Ducken was named treasurer, and Robert E. Noor
CHINESE PROVINCE PLANS TO ADD FOREIGN BANKS
Journal of Commerce Staff |
Southern Guangdong province will approve 10 more foreign bank branches this year, bringing the numbe
INSURANCE BRIEFS
Wire and Staff Reports |
KEMPER SELLS STAKE IN CENTRE REINSURANCELONG GROVE, Ill. - Kemper Corp. sold its min
ITT HARTFORD STRENGTHENS CROP POSITION WITH PURCHASE
JOC Staff |
ITT Hartford Insurance Group, in a pitch to become one of the top crop insurers in the nation, Thurs
MARITIME CALENDAR
JOC Staff |
Golden Age of Toy Boats. Through March 5. New York. Sampling from Forbes Magazine fleet includes an
Maritime
CENTRAL BANKER OF VIETNAM SAYS EXCHANGE UNLIKELY IN '94
Knight-Ridder Financial |
Vietnam is committed to opening a securities exchange in the country, but it's not likely before 199
COMPANY PROFITS EXPECTED TO RISE IN INDIA
Madhav Reddy |
Profits of Indian private-sector companies are expected to rise by 25 percent to 30 percent in 1993-
SENATOR PROPOSES BILL TO LEGALIZE LAND-BASED CASINOS IN INDIANA
Mike Smith |
Republican Sen. Lawrence Borst has introduced a bill that would allow a dockside casino in Marion Co
Maritime
US SEMICONDUCTOR MAKERS SCORED HEAVILY IN JAPAN IN '93
Brian Johns |
U.S. semiconductor makers made more money in Japan last year than they did in 1992, with U.S. chip s
Maritime
IMPORT LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
TRADE BRIEFS
Wire and Staff Reports |
PARAGUAY JOINS GATT AS 115TH MEMBERGENEVA - Paraguay became the 115th member of the
Maritime
FIRM RECALLS GENERIC ASTHMA DRUG
Associated Press |
A generic drug company is recalling millions of vials of a widely used asthma medication because the
US WHEAT PRICES MAY PINCH AUSTRALIAN SALES TO CHINA
Jennifer Allen |
The low price of subsidized U.S. wheat to China in a sale Wednesday may crimp Australia's exports to
ELECTRICITY PRICES PLUMMET IN UK POOL
Knight-Ridder Financial |
Prices in the electricity trading pool in England and Wales fell Wednesday by about UK250,000 ($372,
SHIPPERS GROUP TO BOYCOTT TAA AFTER TALKS FAIL
Peter M. Tirschwell |
General Electric Co., Procter & Gamble Co., Xerox Corp. and other members of a pioneering shippers a
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