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Commentary
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SPOT COMMODITIES
JOC Staff |
June 24, 1993 Included are list prices of suppliers. Quotations do not necessarily represent
ENERGY BRIEFS
From Wire and Staff Reports |
TRUNKLINE GAS SAYS OUTAGE TO LAST LONGERNEW YORK - Trunkline Gas Co. now says it exp
PRIVATIZATION POLICY IS WEAK LINK IN BALTIC ECONOMIC REFORM CHAIN
Milan Ruzicka |
The botched privatization of Eesti Talleks, a 2,000-employee manufacturer of excavation equipment an
UNION ACTION COSTLY FOR BC RAIL SHIPPERS
John Davies |
British Columbia shippers are resigned to costly freight diversions and possible plant shutdowns as
ITC ISSUES SPLIT RULING ON JAPANESE CUTTING TOOLS
JOC Staff |
The U.S. International Trade Commission ruled that professional electric cutting tools allegedly dum
Maritime
KANTOR SAYS JAPAN'S PROTECTIONISM HARMS WORLD RECOVERY EFFORTS
Mark Magnier |
Japan's continued protection of the value-added, high-wage segments of its domestic economy hurts gl
STUDY: US POLICY ON JAPAN SHOULD BE RESULTS-ORIENTED
John Maggs |
The U.S. government should pursue a "results-oriented" trade policy toward Japan, as President Clint
Maritime
UKRAINE PREMIER PLANS EMERGENCY MEASURES
Reuters |
Prime Minister Leonid Kuchma, newly emerged from a month-long power struggle, has proposed emergency
Maritime
16 CHARTERERS INKED BOXSHIP DEALS IN MAY FOR FAR EASTERN TRADE LANES
Peter M. Tirschwell |
The charter market for containerships continues to be driven by expanding shipping activity in the F
Maritime
BRITISH COLUMBIA PLANS WORLD WILDERNESS PARK
Jon Ferry |
In a major victory for environmentalists, the British Columbia government said this week that it wil
POLLUTION FORCES RENAULT TO LEAVE LE HAVRE
Tara Patel |
French carmaker Renault has altered its distribution pattern for automobiles, leaving the Port of Le
Maritime
FLOOD AGENCY SHRUGS OFF URGENT CALL FOR REFORMS
WILLIAM DiBENEDETTO |
A key House subcommittee chairman is eager to push ahead with reforms to the national flood insuranc
ROMANIAN LEADER DEFENDS CONTROVERSIAL FLEET DEAL
Peter Humphrey |
Romanian President Ion Iliescu on Thursday defended a controversial sell-off of the merchant fleet t
Maritime
ASIAN FUTURES
JOC Staff |
June 24, 1993 JAPAN*Financial FuturesPrecious MetalsTokyo Commodity
GERMAN LABOR, BUSINESS PROTEST AS BID TO HIKE FUEL TAX GAINS
Knight-Ridder Financial |
Germany's ruling center-right coalition has given approval to a controversial fuel tax proposal, spa
"TENANT WANTED' SIGN STILL OUT AT TRADE ZONE IN FORT WAYNE
DOUG LeDUC |
Fort Wayne's foreign-trade zone has generated interest in the business community but has yet to attr
Maritime
COST OF CREDIT
JOC Staff |
Thursday, June 24, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
SPOT PRODUCT PRICES
JOC Staff |
June 24, 1993 U.S. spot oil product price indications, sellers range, in cents per gallon, f
CARGO INTERESTS HOPE NORTHWEST CAN AVOID CHAPTER 11 FILING
William Armbruster |
Freight forwarders and executives of rival carriers expressed hope Thursday that Northwest Airlines
US CUSTOMS BROKERS GATHER DATA TO SUPPORT MEXICAN ANTITRUST CLAIM
Kevin G. Hall |
Buoyed by a Justice Department request for more information, U.S. customs brokers are piecing togeth
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
UK'S LONRHO PLC POSTS RISE IN EARNINGSLONDON - Higher gold prices and the sale of mo
DAILY PETROLEUM PRICES
JOC Staff |
Thursday June 24, 1993 Prevailing sellers' posted prices at the close of business, represent
CALIF. WORKERS COMP SCANDAL SPURS ETHICS LEGISLATION
Kevin G. Hall |
Judges in California's much-maligned workers compensation system are facing tough new ethical guidel
FAILURE TO REACH TOKYO ACCORD IMPERILS GATT
John Zarocostas |
Trans-Atlantic brinkmanship over cuts in duties for such goods as textiles is threatening to delay a
NEW FLOODING HURTS BARGES ON UPPER PART OF MISSISSIPPI
John Boyd |
A new round of flooding in northern Midwest and Plains states is starting to close the pivotal upper
Maritime
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
CORNING TO ACQUIRE COSTAR IN STOCK SWAPNEW YORK - Corning Inc. has agreed to acquire
ITALIAN BANKERS HOPE PARTS OF FERRUZZI CAN BE SAVED
Reuters |
Top Italian bankers, some owed several billion dollars by the crumbling Ferruzzi Group, said they we
ARIZ. REQUIRES ALLSTATE TO SEND 2 CANCEL NOTICES
Phoenix Gazette |
Allstate Insurance Co. must provide second notices to Arizona customers whose auto policies are canc
INDIA'S RAO ENDS 2ND YEAR IN OFFICE AMID BROAD PROGRAM OF REFORMS
N. Vasuki Rao |
Indian Prime Minister P.V. Narasimha Rao completes two years in office this week vowing to finish hi
Maritime
EMPIRE OFFICER FIRED ON EVE OF SENATE HEARINGS
Margo D. Beller |
The board of Empire Blue Cross Blue Shield suspended its chief financial officer on the eve of today
BROADWAY FACES STORMY WEATHER AS PRICE OF COVERAGE GOES UP
Ward Morehouse Iii |
Hurricane Andrew is about to hit Broadway. Robert A. Boyar, the dean of Broadway insurance b
GASOLINE PRICES
JOC Staff |
June 24, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
NY OIL MARKETERS DEFEND CAMPAIGN, DENY THEY WERE FORCED TO PULL ADS
Arthur Gottschalk |
Heating oil marketers here denied Thursday that they had been ordered by the state Consumer Protecti
CUSTOMS AGAIN ORDERED TO LOOSEN REFUND RULES
Robin Bulman |
A case unfolding in the U.S. Court of International Trade could make it easier for importers to get
"MISERY' SHIPS EXPLOIT MEXICO AS US TIGHTENS GRIP ON COASTS
Kevin G. Hall |
With the U.S. Coast Guard tightening its grip on territorial waters, traffickers of human misery who
SHIPWRECKS, OIL SPILLS IN DECLINE IMO REPORTS
Stella Bugge |
Shipwrecks and oil spills at sea have declined in recent years even though major shipping accidents
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
CROWLEY AMERICAN TRANSPORT INC. (Jacksonville, Fla.) - Art Miller joined the Crowley Maritime Corp.
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
NY RATE HEARING SET ON WORKERS COMPThe New York State Insurance Department will hold
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
FREIGHT RATE FUTURES
JOC Staff |
June 24, 1993 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
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