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FREIGHT-RATE DISCOUNTS LIKELY TO CONTINUE IN TRUCK INDUSTRY
Dane Hamilton |
While freight-rate discounting is roundly reviled as a possibly fatal disease for the trucking indus
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange July 8, 1993Brent Crude Oil - (Dollars Per Barrel)_
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
NM MINE WORKERS APPROVE LABOR PACTUnion workers at Phelps Dodge Corp.'s mine at Chino, N.M.,
MARINE SOCIETY SETS NORMANDY TALK
Journal of Commerce Staff |
The Marine Society of the City of New York will hear Capt. Brian Hope of ''Project Liberty Ship" dis
Maritime
CONTRACT IMPASSE TRIGGERS STRIKE BY FRENCH DOCKERS FOR WEEKEND
Tara Patel |
French docks will be crippled again this weekend by a 48-hour dockworkers' strike to protest the sta
Maritime
MIAMI GROUP INVESTIGATING INVESTMENT POSSIBILITIES IN CUBA
Pablo Alfonso |
A group of Cuban American entrepreneurs from Miami are visiting Cuba to study the nation's economy a
CALIFORNIA URGED TO SEEK NAFTA SECRETARIAT, PANELS
Kevin G. Hall |
California trade interests are pressing state officials to become more involved in lobbying to becom
Maritime
WASHEX MACHINERY CO.
JOC Staff |
PERFORMANCE: While total annual sales hovered between $19 million and $23 million, Washex
Maritime
GULF COUNCIL WEIGHS LINKING, UPGRADING OF STOCK MARKETS
Ahmed Al-Jabri |
The Arab Monetary Fund has completed a study on gulf stock markets with the aim of upgrading dealing
Maritime
API WEEKLY REPORT GASOLINE INVENTORIES FELL IN WEEK
Journal of Commerce Staff |
Gasoline inventories fell 3.1 million barrels in the week ended July 7 compared with the previous we
BALTIC FREIGHT INDEX
JOC Staff |
1393 (July 8, 1993) Previous day - 1410 The Baltic International Freight Futures Market in L
Maritime
INSURED FLOOD LOSSES SEEN NEAR $250 MILLION
Brigitte Maxey |
Commercial insurance companies expect losses approaching $250 million stemmingfrom Mississip
CANADIAN ENVIRONMENTAL OBSTACLES DRIVE MINERS TO LATIN LOCATIONS
Tanya Willmer |
Canadian miners say "green" government rulings at home are forcing them to pack up their drills and
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of July 8, 1993 Quotations are based on prices reported in the market or obtained from su
*SPOT COMMODITIES
JOC Staff |
July 8, 1993 Included are list prices of suppliers. Quotations do not necessarily represent
COST OF CREDIT
JOC Staff |
Thursday, July 8, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
ESTIMATE OF OIL PRODUCTION IN EX-SOVIET UNION DECLINES
Knight-Ridder Financial |
The International Energy Agency estimated that crude oil production in the former Soviet Union in 19
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,150-$1,250per ton lots &
BREAUX, JOHNSEN TO GET ADMIRAL OF OCEAN SEA AWARD
Journal of Commerce Staff |
The 1993 Admiral of the Ocean Sea Award will be presented by the United Seamen's Service (USS) to Se
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Thursday July 8, 1993 Prevailing sellers' posted prices at the close of business, representi
TOKYO TRADE AGREEMENT DRAWS MIXED REACTION FROM INDUSTRY CONSTRUCTION LIKES ACCORD
Richard Lawrence |
This week's announcement in Tokyo of a "breakthrough" in the Uruguay Round trade liberalization talk
SHIP GROUPS' IMMUNITY SAID TO COST EXPORTERS
Tim Sansbury |
U.S. agricultural exporters are paying an estimated 18 percent more in ocean transport costs than th
DOLLAR RISES AGAINST YEN, FALLS SLIGHTLY VS. MARK
Alan Zimmerman |
The U.S. dollar rose against the yen Thursday, but fell slightly against the deutsche mark.
QUEBEC'S NAYA MAKES A SPLASH ABROAD
Leo Ryan |
From his office in a secluded plant in the Laurentian mountains, Naji Barsoumdrew a 200-mile
TEAMSTERS CALL FOR PROBE OF TRUCK INDUSTRY WOES
Mark B. Solomon |
The Teamsters union, rattled by last month's shutdown of a large New England trucking firm that resu
MERCHANT PRINCESS CALLS AT SAN FRANCISCO
Journal of Commerce Staff |
Columbus Line Inc. said here that it presented Capt. Klaus H. Halstrick, master of the Navicana cont
Maritime
WITNESS LIST SET BY FASB ON MULTI-YEAR CONTRACTS
Journal of Commerce Staff |
Several industry members will testify on behalf of multiple-year reinsurance contracts before a Fina
CONFERENCE ASSAILS EC OVER ANTITRUST PROBE
Bruce Barnard |
A major shipping conference, facing antitrust action by the European Community Commission, Thursday
Maritime
FLA. UTILITY'S ALLOWABLE PROFIT CUT BY $50 MILLION
Tim Nickens |
Florida Power & Light Co.'s allowable profit was reduced by roughly $50 million this week by state u
RUSSIA STARTS NORILSK NICKEL PRIVATIZATION
Knight-Ridder Financial |
Russian President Boris Yeltsin has issued two decrees on the first stage of privatization of Norils
NEW YORK LEGISLATURE FAILS TO ACT ON BILL TO HIKE SHIP PILOT REVENUE
Alice Cantwell |
The state legislature adjourned Thursday apparently without acting on a proposed bill to increase by
Maritime
PEOPLE - TRADE
From Wire and Staff Reports |
CALIFORNIA WORLD TRADE COMMISSION (Sacramento) - Gov. Pete Wilson appointed Roger J. Baccigaluppi of
Maritime
APPLE LAYOFFS UNLIKELY TO AFFECT COMPANY'S GROWTH IN PACIFIC RIM
Brian Johns |
Apple Computer Inc.'s decision to pare 2,500 from its payroll will have little effect on its efforts
Maritime
RUSSIAN URGES EC ENERGY TREATY
Knight-Ridder Financial |
A European Community energy charter treaty is needed before the end of this year to get foreign inve
FREIGHT RATE FUTURES
JOC Staff |
July 8, 1993 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
CALIFORNIA TO LIQUIDATE CAL-AMERICAN INSURANCECalifornia insurance regulators will o
CAROLINA FREIGHT POSTS LOSS IN QUARTER, HALF
Gregory S. Johnson |
Carolina Freight Corp. reported a second-quarter loss of $548,000 on revenue of $196.7 million.<
RUSSIA MAY NEED 30 YEARS TO DEVELOP LEGAL SYSTEM
Mark Magnier |
It could take 30 more years before Russia is able to enjoy an effective legal system that governs tr
CLARIFICATION
JOC Staff |
A story on Page 3B in the June 23 edition concerning R.J. Reynolds Tobacco Co. of Winston-Salem, N.C
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