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DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Dec. 22, 1993 Prevailing sellers' posted prices at the close of business, represen
S. KOREAN FIRMS LIKELY TO DELAY OIL IMPORTS
Knight-Ridder Financial |
South Korea's oil companies are likely to delay customs clearance for some crude oil arriving in Dec
API WEEKLY REPORT CRUDE STOCKS DOWN FOR LATEST WEEK
Journal of Commerce Staff |
U.S. crude oil inventories fell by 4.8 million barrels during the week ended Dec. 17, compared with
MALAYSIA BEGINS CUTTING OIL OUTPUT ON WEAKNESS
Ramthan Hussain |
Malaysia has already begun to produce less crude oil than planned, in line with current weak crude o
CHINA'S POWER SUPPLIERS PLAN EXPANSION INTO NEXT CENTURY
P.T. Bangsberg |
Three of China's largest electricity supply entities are planning large expansion for the rest of th
GERMAN COAL MINERS ACCEPT 6 PERCENT WAGE CUT
Knight-Ridder Financial |
Unions representing coal miners and other coal workers in Germany's heavily industrialized Ruhr regi
ENERGY BRIEFS
Wire and Staff Reports |
SINGLE SHARE OFFERING WILL TURN ELF PRIVATEThe privatization of French oil company Elf Aquit
PEOPLE - INSURANCE
From Wire and Staff Reports |
ACTUARIAL STANDARDS BOARD (Lyndhurst, N.J.) - Harper L. Garrett was appointed to the nine-member boa
INSURANCE BRIEFS
From Wire and Staff Reports |
LLOYD'S MEMBERS URGED TO COMPROMISELONDON - Members of Lloyd's who are seeking compe
BALTIC FREIGHT INDEX
JOC Staff |
1222 (Dec. 22, 1993) Previous day - 1225 The Baltic International Freight Futures Market in
Maritime
MARITIME CALENDAR
JOC Staff |
Golden Age of Toy Boats. Through March 5. New York. Sampling from Forbes Magazine fleet includes an
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Dec. 22, 1993 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
ANERA FUEL SURCHARGE WILL BE CUT IN HALF
Journal of Commerce Staff |
The Asia North America Eastbound Rate Agreement, the rate-making conference for nine ocean carriers
Maritime
SHIELDS UP: STUDENTS SHELTERED FROM TOXINS
Janet Aschkenasy |
New coverage headed for Mexico will shield polluters from claims and cleanup costs, buta Mexico City
FLA. JUDGE ORDERS AUTO INSURER LIQUIDATED OVER $2.6 MILLION DEBT
Knight-Ridder Newspapers |
Florida this week liquidated General Insurance Co., a South Florida auto insurer based in Miami Beac
CONGRESS ADDS SUIT FORUMS FOR CRUISE SHIP PASSENGERS
WILLIAM DiBENEDETTO |
Congress used a "technical clarification" to a 1994 Coast Guard budget bill to allow cruise ship pas
Maritime
GALVESTON PORT BUYS TODD YARD SITE
Journal of Commerce Staff |
The Port of Galveston, Texas, has taken possession of 225 acres of land and more than 8,000 feet of
Maritime
GULFPORT DREDGING PROJECT COMPLETED
Journal of Commerce Staff |
The completion of a $40 million dredging project at Gulfport, Miss., will increase the depth of Gulf
Maritime
JORDAN BUYS BACK DEBT FROM BRAZIL
Reuters |
Jordan has bought back $45 million of its official debt from Brazil at a 50 percent discount, a Jord
PARKED FREIGHT TRAIN BLOCKED TRUCKER'S VIEW
Reuters |
A trucker may not have seen the Amtrak passenger train that sliced through her rig and killed her be
OAKLAND LAMBASTES ARMY CORPS ON DREDGING
Allen R. Wastler |
The Port of Oakland is upset about the Army Corps of Engineers' refusal to dredge the ship berth for
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
MEXICAN INSURER BANKS ON TECHNOLOGY
Kevin G. Hall |
Insurance companies hoping to gain a foothold in the burgeoning Mexican market must invest heavily i
MASSPORT: ADDED SERVICE CAN'T FILL VSA'S SHOES
Michael S. Lelyveld |
Despite assurances from Gov. William F. Weld, port officials said this week that two new additions t
Maritime
NEW GRAIN CAR COUNCIL TO TACKLE CONCERNS ON SUPPLY, ALLOCATION
Rip Watson |
Freight car supply and allocation to keep grain flowing smoothly heads the rail shippers' agenda for
EU OKS SHIP SUBSIDIES WHILE SEEKING PACT TO END THEM
Bruce Barnard |
The European Commission called this week for a global accord to outlaw shipbuilding subsidies.
MARITIME BRIEFS
Wire and Staff Reports |
P&O CUTS ITS STAKE IN HONG KONG TERMINALPeninsular and Oriental Steam Navigation Co. said We
Maritime
TRANSPORT BRIEFS
Wire and Staff Reports |
EU APPROVES IRELAND'S SUBSIDY TO AER LINGUSBRUSSELS, Belgium - The European Union ha
UNITED DEAL COULD FORCE BUYOUTS AT OTHER LINES
Stanley Ziemba |
When the directors of United Airlines met Wednesday to approve or reject the plan that would give th
RECORD BOXES AT SEATTLE POINT TO PACIFIC RECOVERY
John Davies |
Record container volumes through the Port of Seattle during October are a clear sign that the trans-
Maritime
STRONG DURABLES ORDERS LIKELY TO REFLECT MANUFACTURING GAINS
Ellen Freilich |
The U.S. government's report on durable goods orders in November will likely reflect the continuing
JOURNAL OF COMMERCE - FAST FACTS DIESEL FUEL PRICES
Interstate Commerce Commission |
No text.
SHIPPERS STAND TO BENEFIT AS ARGENTINE PORTS DEVELOP
Paula L. Green |
The owner of Exolgan - a private port being developed five miles south of the Port of Buenos Aires -
Maritime
CF UNIT MAKES BIGGER INROADS IN CANADIAN TRUCK MARKETS
Gregory S. Johnson |
Looking to increase its presence north of the border, CF Motor Freight, the long-haul subsidiary of
GAP BETWEEN THAILAND'S RICH, POOR WIDENS DESPITE SURGE IN ECONOMY
Sinfah Tunsarawuth |
The gap between rich and poor in Thailand has widened, and booming economic growth has failed to ben
AGENCY AIMS TO COMPLETE S&L SALES BY LATE 1994
Reuters |
Flush with $18.3 billion in new taxpayer money, the federal thrift cleanup agency said Wednesday it
DOLLAR FALLS AND YEN RISES AS BENTSEN CRITICIZES JAPAN
Alan Zimmerman |
The U.S. dollar declined Wednesday, while the yen rose on Treasury Secretary Lloyd Bentsen's vexatio
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1) DAILY INDEX Annual Smoothed percent -4.0712/16 93.812/17 93.812/20
GHOST OF ECONOMIC WOES HAUNTS LAPLAND HOLIDAY
Fredrik Dahl |
Santa Claus is one of the lucky ones still with a job in Finnish Lapland, hit hard by economic reces
COST OF CREDIT
JOC Staff |
Wednesday, Dec. 22, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
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