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Platts Containers Update
BARGE'S GOODS WASH ASHORE
Journal of Commerce Staff |
Efforts were under way Tuesday to recover 34 containers that fell from a barge Sunday in rough seas,
Maritime
OIL INDUSTRY TO LAUNCH SHIP INFORMATION PROGRAM
Janet Porter |
Most of the world's leading oil companies will exchange information on tankers available for charter
Maritime
WHITE HOUSE, COMPANIES HIT FOREIGN TAX PROPOSAL
WILLIAM DiBENEDETTO |
The Clinton administration and U.S. business leaders oppose a House proposal to replace the foreign
Maritime
NUCLEAR FUEL TAKES TO PA. RAILS DESPITE OPPOSITION
Ramona Smith |
A freight train bearing a heavy cask filled with nuclear fuel rods rumbled through sleeping Philadel
CHINESE FIRM, AMOCO TO STUDY JOINT VENTURES
Knight-Ridder Financial |
Amoco Corp. and China Petrochemical Corp. have signed a general agreement that will enable the two c
GASOLINE PRICES
JOC Staff |
Sept. 28, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Pr
RUSSIA ABOLISHES GRAIN SUBSIDY TO CURB SPENDING
Grigori Gerenstein |
The Russian government, in a further step to curtail budget spending, has decided to stop the monthl
LATVIA'S PRESIDENT REASSURES US BUSINESSES OF STABILITY
Christopher Harder |
Latvian President Guntis Ulmanis this week reassured U.S. business executives that his nation's econ
Maritime
COST OF CREDIT
JOC Staff |
Tuesday, Sept. 28, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
GEORGIA STATE STUDY SAYS ATLANTA NEEDS NEW RUNWAY, 2ND AIRPORT
Associated Press |
Atlanta's airport is so near capacity that airlines may have to turn passengers away by the 1996 Oly
US DOLLAR LOSES GROUND IN MARK-YEN CROSS-TRADING
Alan Zimmerman |
In early afternoon trading Tuesday between the German mark and the Japanese yen, the U.S. dollar los
FOSS COMPLETES PURCHASE OF BRIX MARITIME CO.
Journal of Commerce Staff |
Foss Maritime Co. has completed the previously announced acquisition of a Columbia River tug-and-bar
Maritime
SHIPBUILDERS PURSUE PHILIPPINE YARD
Knight-Ridder Financial |
Shipbuilders from four Asian countries are looking to buy the state Philippine Shipyard and Engineer
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Sept. 28, 1993 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
LONG BEACH NET INCOME PLUMMETS SHIFTING AROUND OF FUNDS CITED
Bill Mongelluzzo |
Net income at the normally profitable Port of Long Beach plummeted to $26.7 million in the fiscal ye
Maritime
GUS TAKES THE GUESSWORK OUT OF INSURANCE PRICE-SETTING
Margo D. Beller |
It's hard to lie to GUS. GUS, the Geographic Underwriting System, is a computer program allo
EMPRESA NAVIERA SANTA CANCELS TWO SERVICES
Peter M. Tirschwell |
The Peruvian ocean carrier Empresa Naviera Santa, stung by rates that have fallen by more than 30 pe
NEW SHIPPERS' COALITION PUSHING TO PROTECT US-FLAG MERCHANT FLEET
Tim Shorrock |
A new coalition formed to support the U.S.-flag merchant marine includes every shipping line in U.S.
Maritime
COPPER PRICES TAKE ANOTHER TUMBLE AS STOCKPILES CONTINUE TO MOUNT
Knight-Ridder Financial |
Copper led most metal markets lower Tuesday as the long-running buildup in excess copper stocks cont
CYPRUS MINERALS, AMAX CONSIDER SALE OF MOLYBDENUM ASSETS
Roberta C. Yafie |
Cyprus Minerals Co. and Amax Inc. are weighing the sale of a portion of their molybdenum assets in o
ST. PAUL'S REINSURANCE SUBSIDIARY NAMES JAMES F. DUFFY PRESIDENT
Paul Dykewicz |
St. Paul Re has named James F. Duffy, a corporate insider, as its new president to replace James Whi
SAN FRANCISCO PORT OFFICIAL LOOKS TO FORM TRADE GROUP
Brian Johns |
A leading official at the Port of San Francisco is spearheading an effort to create a new internatio
Maritime
LPG CARRIER BREAKS DOWN
Knight-Ridder Financial |
The 7,000-deadweight-ton liquefied petroleum gas carrier Golden Star broke down off Matanzas, Cuba,
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
REPAIRS MAY DELAY RESTART OF NC PLANTNEW YORK - The restart of Unit 1 at the Brunswi
2 LA. FIRMS ENCOURAGED BY TALKS WITH PEMEX
George F.W. Telfer |
Two companies in Louisiana's oil patch said they made promising initial contacts with Mexico's state
MIDDLE EAST SEEN BECOMING 2ND-LARGEST GAS PRODUCER
Knight-Ridder Financial |
The Middle East region will become the world's second-largest gas supplier after the former Soviet U
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Sept. 28, 1993 Quotations are based on prices reported in the market or obtained from
SLUMPING SAN DIEGO-TIJUANA REGION LOOKS TO RETURN TO TRADE PROSPERITY
Kevin G. Hall |
The once-thriving San Diego-Tijuana border region is looking for new ways to develop international t
CSX TRANSPORTATION, GOVERNMENT REACH SETTLEMENT IN POLLUTION CASE
Journal of Commerce Staff |
CSX Transportation Inc. has agreed to pay a $3 million civil penalty and spend $4.1 million to condu
IATA PREDICTS STRONG GROWTH IN WORLD PASSENGER AIR TRAFFIC
Leo Ryan |
The International Air Transport Association forecast that international passenger traffic will grow
AFRICA EMERGES AS LATEST EXPORT TARGET
Charles W. Thurston |
An unprecedented gathering of African heads of state, and Southern U.S. business and government lead
COMEX METAL WAREHOUSE
JOC Staff |
Sept. 28, 1993 Copper Total, 90,478. Gold Total, .2,413,170.Silver T
MINORCO SA SWAPS ASSETS WITH ANGLO AMERICAN, DE BEERS
From Wire and Staff Reports |
Minorco SA, a minerals and mining giant, Tuesday announced a $5.5 billion asset swap with its South
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Sept. 28, 1993 Prev. Life of Contr. OpenOpen High Low
SINGAPORE AND INDIA STRENGTHEN BUSINESS TIES WITH VISIT, VENTURES
Ajoy Sen |
Singapore and India moved toward strengthening business and investment ties Tuesday with the visit h
SOLVENCY LEGISLATION WATCHED WARILY BY UNDERWRITERS
Margo D. Beller |
With Congress returning to Washington this month, excess and surplus lines underwriters are waiting
PORTS EXPAND TO MEET BULGING FOREIGN TRADE
Doug Harper |
Virginia's ports have been undergoing a quiet revolution that has made them the nation'sleader in wa
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
DANZAS' SALES DROP GROUP LOOKS TO ASIA
John Zarocostas |
The Swiss international freight forwarder Danzas group reported a 37.7 percent drop in consolidated
BALTIC FREIGHT INDEX
JOC Staff |
1419 (Sept. 28, 1993) Previous day - 1424 The Baltic International Freight Futures Market in
Maritime
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