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OPEC PRODUCERS REACH NEW PRODUCTION PACT
From Wire Reports |
OPEC oil producers agreed Wednesday to a new production pact that puts output at 24.5 million barrel
CHINA EXPANDS OVERSEAS HUNT FOR CHEMICAL DEALS
P.T. Bangsberg |
China's minister in charge of chemicals and petrochemicals is scouting new areas abroad for technolo
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Sept. 29, 1993 Prevailing sellers' posted prices at the close of business, represe
WEATHER THREATENS RUSSIAN GRAIN CROP
Knight-Ridder Financial |
Russia's unharvested grain crops could be lost if weather conditions do not improve, ITAR-TASS said
GA. LAWMAKER, KAOLIN OFFICIALS TO MEET OVER MINING COMPLAINTS
Associated Press |
Rep. Cynthia McKinney, D-Ga., is scheduled to meet again this week with officials from the kaolin in
THAI EXPORTERS HOPE JAPAN TURNS TO THEM TO SUPPLY RICE
Napas Paorohitya |
Convenient transport and good relations between Thai and Japanese traders suggest most Japanese rice
CHINESE COMPANIES BUYING COPPER TO HEDGE POSITIONS, TRADERS SAY
Knight-Ridder Financial |
Chinese firms are buying copper for nearby and three-month delivery from Asian and East European cou
CALIF. TRUCKERS SQUEEZED BY SOARING FUEL PRICES
Allen R. Wastler |
Motor carriers in California are being hammered by a dramatic rise in diesel fuel prices they say is
US PORTS PUSH FOR NATIONAL POLICY TO DEAL WITH DREDGING ISSUES
Alan Abrams |
U.S. ports said they are sick of having to deal with dredging issues on a case-by-case basis and ins
Maritime
TMM GETS CONTRACTS FOR OIL PRODUCT MOVES
JOC Staff |
Transportacion Martima Mexicana said it has been awarded two additional contracts with Petroleos Mex
Maritime
SOME EAST COAST DREDGING RATES ARE PLUNGING THROUGH THE BOTTOM
Michael S. Lelyveld |
East Coast dredging rates have fallen with the awarding of a $2.3 million contract to clear navigati
Maritime
CLINTON PLAN FOR HIGH TECH GETS MIXED REVIEWS
Michael S. Lelyveld |
High-tech exporters praised President Clinton's sweeping plan to ease export curbs on computers but
DOCKERS OK PACT EXTENSION ON EAST, GULF COASTS
Alan Abrams |
Members of the International Longshoremen's Association Tuesday ratified a two-year extension of the
Maritime
IMO CHIDES GOVERNMENTS FOR INACTION
Janet Porter |
In his annual message for World Maritime Day Wednesday, William O'Neil, International Maritime Organ
Maritime
HOUSE PANEL TO STUDY SALE OF LARGEST US SHIPS
WILLIAM DiBENEDETTO |
A House maritime panel is looking at a proposal that would permit the immediate sale to foreign buye
Maritime
W. COAST FOOD WAREHOUSES TAKE ON JAPANESE FLAVOR
John Davies |
Japanese food importers have decided to cool it on the West Coast. But that doesn't mean the
MARITIME BRIEFS
Wire and Staff Reports |
LINEAS AGROMAR PLANS NON-CONFERENCE SERVICEHOUSTON - Colombian carrier Lineas Agroma
Maritime
FTC SEEKS COURT ORDER TO BLOCK GE RAIL DEAL AGENCY FEARS BOXCAR MONOPOLY
Lawrence H Kaufman |
The Federal Trade Commission, fearing creation of a monopoly in the supply of certain railroad boxca
US RULES OUT TALKS WITH FRANCE ON FARM TRADE
Keith M. Rockwell |
Angry U.S. officials have ruled out direct negotiations with France over settling a farm-trade dispu
TRANSPORT CALENDAR
JOC Staff |
IATA Worldwide Forecasting Seminar. Sept. 28-Oct. 1. Chateau Champlain, Montreal. Contact: (514) 844
LA FUND GRAB CALLED A DANGEROUS PRECEDENT
Bill Mongelluzzo |
Airline and shipping executives said efforts by Los Angeles to divert cash reserves from the seaport
TRUCKING GROUP CHIEF THREATENS TO WITHHOLD SUPPORT FOR NAFTA
Kevin G. Hall |
As debate continues over the proposed North American free-trade agreement, the head of the American
SHIP SALVOR AWAITS SHOT AT RICHES AS MERCURY RISES
Peter M. Tirschwell |
A New Jersey salvage company will be allowed to recover $1 million of copper wire from a wreck off t
J.B. HUNT, NORFOLK SOUTHERN ANNOUNCE SERVICE LINKUP
Rip Watson |
J.B. Hunt Transport Inc. and Norfolk Southern Corp. Wednesday announced a new service linkup that wi
SMALL STEVEDORE BUILDS HIS FUTURE ON STRONG LABOR TIES
Alan Abrams |
Sal Catucci does well in abandoned places. Three years ago, Atlantic Container Line gave up
COST OF CREDIT
JOC Staff |
Wednesday, Sept. 29, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
NO QUICK PROGRESS SEEN ON US-BRITISH AIR PACT
Mark B. Solomon |
British Airways' chief liaison to the U.S. government said Wednesday U.S. and British negotiators wi
CLINTON TEAM SPELLS OUT NATIONAL EXPORT STRATEGY
Journal of Commerce Staff |
The Clinton administration formally announced Wednesday a "national export strategy," ranging from t
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
APPEALS COURT ORDERS ICC TO REVIEW BN PROGRAM
Rip Watson |
The 8th U.S. Circuit Court of Appeals has directed the Interstate CommerceCommission to revi
THE ECONOMY
Commerce Department; Knight Ridder Tribune |
GDP GROWTH Percent Change 1993-2QPersonal Spending +3.4 percentDu
BRITISH POUND REMAINS WEAK IN ANTICIPATION OF RATE CUT
Alan Zimmerman |
The U.S. dollar traded narrowly against major currencies Wednesday in midday trading after the Feder
CAROLINA FREIGHT POSTS 4TH STRAIGHT QUARTERLY LOSS
Dane Hamilton |
Carolina Freight Corp. reported its fourth straight quarterly loss, showing a third-quarter loss of
INDUSTRIAL ORDERS FALL IN EASTERN GERMANY
Knight-Ridder Financial |
Eastern German industrial orders plunged 13.8 percent in July from June, but surged 26.8 percent fro
MACHINERY ORDERS DECLINE IN GERMANY
Knight-Ridder Financial |
A sharp decline in domestic orders pushed German plant and machinery orders down 11 percent in Augus
EC AEROSPACE FIRMS SEEK SPECIAL STATUS
Reuters |
Three European aerospace firms called for a separate trade pact for their industry, saying that othe
EC TO DROP ITS PLAN FOR HIGH-DEFINITION TV
Bruce Barnard |
The European Community officially will concede defeat next month in an eight- year race with the Uni
Maritime
UNION PACIFIC ORDERS THREE LOCOMOTIVES FROM GE UNIT
Lawrence H Kaufman |
Union Pacific Railroad has ordered three 4,400-horsepower AC (alternating current) traction locomoti
SENATORS LINK COMPLAINT ON WHEAT TO NAFTA VOTE
John Maggs |
The Clinton administration is trying to drum up support for the North American free-trade agreement
Maritime
TRANSCONTINENTAL GAS TO SEEK OK FOR SOUTHEAST EXPANSION PROJECTS
JOC Staff |
Transcontinental Gas Pipe Line Corp., a subsidiary of Transco Energy Co., wants to expand its mainli
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