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LLOYD'S, RESEARCH FIRM TO DISCUSS LOSS ESTIMATES
Margo D. Beller |
Officials at Lloyd's of London will meet this week with analysts at Chatset Ltd. to find out how the
KUWAIT ALLOWS FOREIGN INVESTMENT IN OIL SECTOR, HOPES TO BOOST CAPACITY
AHMED al-JABRI |
Kuwait, its coffers sapped by the Persian Gulf war, has decided to allow foreigners to invest in its
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Dec. 13, 1993 Prev. Life of Contr. OpenOpen High Low
CHINA FORECASTS SLOWER GROWTH RATE FOR COAL USE IN '94
P.T. Bangsberg |
China's coal consumption in 1994 will probably reach 1.18 billion metric tons, an increase of 30 mil
ARGENTINE SUPREME COURT DECISION BACKS PRESIDENT'S PORT REFORMS
Paula L. Green |
The Argentine government's move to deregulate the maritime industry received a judicial boost when t
Maritime
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following is the list of bunker prices obtained during the course of week ending Dec. 10, 1993.
0.1 PERCENT DROP IN GDP FORECAST FOR JAPAN
Reuters |
Nikko Research Center forecast Japan's real gross domestic product will decline 0.1 percent in the y
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,230-$1,260per ton lots &
RISE IN CHEMICAL OUTPUT FORECAST FOR SINGAPORE
Arie-Anne Gries |
Singapore's chemical sector in 1994 is expected to maintain the 8 percent-to- 10 percent growth in t
CHINESE CORN SUPPLANTING AMERICAN IN SOME MARKETS
Jennifer Allen |
China is ready to take corn markets from the United States in the coming year after making first-eve
ENERGY BRIEFS
From Wire and Staff Reports |
NYMEX BOARD OKS SHIFT TO FOR-PROFIT STATUSThe New York Mercantile Exchange said Monday its b
HIGH COURT TO DECIDE WHO PAYS ATTORNEY FEES IN SUPERFUND CASES
Associated Press |
The Supreme Court Monday agreed to decide whether polluters may be forced, under the federal Superfu
ZAMBIA TOLD TO CRACK DOWN ON CORRUPTION
Associated Press |
International donors warned Zambia that it must crack down on high-level corruption and drug traffic
Maritime
ITALY TAKES FIRST STEPS TOWARD PORT PRIVATIZATION
P.K. Semler |
A container terminal at Trieste will be sold at an international auction in what marks the first mov
Maritime
NEW ORLEANS PORT SAYS PROJECT ON TIME AND UNDER BUDGET
George F.W. Telfer |
The Port of New Orleans is halfway through an extensive $210 million capital spending program that w
Maritime
PRIVATE PORT INVESTMENT VITAL, FRENCH GROUP SAYS
Tara Patel |
Private investment in French ports should be permitted, a French maritime industries group said last
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
AUSTRALIAN STEVEDORES CALL 24-HOUR STOPPAGELONDON - Australian stevedores who are me
Maritime
SMALLER EXPORTERS HOLD OFF SIGNING 1994 TAA CONTRACTS SOME SEEK ALTERNATIVES
Peter M. Tirschwell |
With less than three weeks to go before the end of the year, several hundred companies that ship acr
Maritime
COST OF CREDIT
JOC Staff |
Monday, Dec. 13, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
OOCL AFFILIATE TO SELL TERMINAL, BUILD MORE SHIPS
P.T. Bangsberg |
The holding company of Hong Kong's main boxship line is selling its stake in a container terminal he
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
GOLD PRICES CONTINUE TO CLIMB TOWARD $400 LEVEL FOR YEAR-END
Edmund Klamann |
Gold prices Monday climbed to their highest levels since August, with experts saying a wall of buyin
MANUFACTURERS' PROFITS RISE IN THIRD QUARTER
Reuters |
Manufacturers' profits rose to 3.4 cents a dollar of sales in the third quarter from 3.1 cents in th
GROUP IS SEEKING TO BLOCK "WHEELING' OF ELECTRICITY
Arthur Gottschalk |
Electric utilities, often a target of environmental groups seeking to cut air pollution and acid rai
MINERS TO VOTE ON CONTRACT TO END STRIKE IN 7 STATES
Associated Press |
United Mine Workers Vice President Cecil Roberts breathed a sigh of relief after five hours of detai
SOME FOREIGN FIRMS CHEAT LOCAL PARTNERS, CHINA SAYS
Mark O'neill |
China accused some foreign investors on Monday of cheating their local partners by inflating and som
Maritime
CANADA'S REGIONAL SUBSIDIES PRESERVED IN NEGOTIATIONS
Leo Ryan |
The right of Canadian provinces to accord subsidies to industry without fear of retaliation from tra
Maritime
MEXICAN LAWMAKERS PASS SERIES OF TRADE-RELATED LAWS
Kevin G. Hall |
Mexico's Chamber of Deputies passed a series of laws liberalizing foreign investment, strengthening
Maritime
COMPLAINTS SPUR SUSPENSION OF ILLINOIS CENTRAL TARIFF
Gregory S. Johnson |
The Interstate Commerce Commission has suspended a revised tariff filed by Illinois Central Railroad
EU SUMMIT YIELDS FEW ANSWERS TO PROBLEMS OF UNEMPLOYMENT
Bruce Barnard |
The European Union came down to earth with a bump Monday after a weekend of heady summitry.
Maritime
TEXAS INSURERS ORDERED TO COMB POLICIES FOR BIAS
Associated Press |
The state's 40 largest insurers, under an order from Insurance Commissioner Robert Hunter, are analy
BLANK-TAPE TAX ONLY OBSTACLE TO TRADE ACCORD
Keith M. Rockwell, |
Seven years of contentious negotiations appeared to be coming together as a deal in the Uruguay Roun
ABF, AIR EXPRESS STUDY PARTNERSHIP
Journal of Commerce Staff |
ABF Freight System Inc., the nation's fifth largest less-than-truckload carrier, is discussing a ser
GASOLINE PRICES
JOC Staff |
Dec. 13, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
MARITIME BRIEFS
From Wire and Staff Reports |
SHIPBUILDER TO SUPPLY FLOATING POWER PLANTSSINGAPORE - Far East Levingston Shipbuild
Maritime
CHINA AIDE CALLS FOR AIR SAFETY DRIVE IN WAKE OF ACCIDENTS, HIJACKINGS
P.T. Bangsberg |
China's top civil aviation official has acknowledged the country faces a crisis in air safety after
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1) DAILY INDEX Annual Smoothed percent -4.9412/7 93.512/8 93.412/9
IATA DROPS PLAN TO RAISE RATES LITTLE IMPACT ON PRICING EXPECTED
William Armbruster |
The International Air Transport Association has abandoned its efforts to raise cargo rates by 15 cen
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
US DUMPING MARGIN SET ON SALES OF AKZO FIBERSARNHEM, Netherlands - Dutch chemical gr
US CHEMICAL PRODUCERS POST BROAD GAINS FOR '93
Casey Bukro |
U.S. chemical manufacturers are posting gains in sales, profits and exports this year despite rocky
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