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CONRAIL WEIGHS HUDSON LINE'S FUTURE WHEN GM UNIT CLOSES
Lawrence H Kaufman |
The impending loss of an estimated 10,000 carloads of freight annually is leading Consolidated Rail
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural ServiceAgExp
Maritime
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
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 16, 1993Brent Crude Oil - (Dollars Per Barrel)
GASOLINE PRICES
JOC Staff |
June 16, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
TRADE BRIEFS
From Wire and Staff Reports |
KUWAIT TO LEAVE 6 FIRMS UNDER STATE OWNERSHIPOnly six "strategic services" companies will be
Maritime
HALLIBURTON REORGANIZES ENERGY GROUP INTO ONE UNIT
Knight-Ridder Financial |
Halliburton Co. Wednesday announced plans for a "major reorganization" of its energy services group.
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Tuesday at 203.34 off 0.05 which compares
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday June 16, 1993 Prevailing sellers' posted prices at the close of business, represen
US PETROLEUM-PRODUCT DEMAND GREW 3.4 PERCENT IN MAY, API REPORTS
Pamela Conway |
U.S. demand for petroleum products rose 3.4 percent in May as compared with the year-ago period, whi
MARITIME BRIEFS
Wire and Staff Reports |
FREIGHT MARKET CALMS; BALTIC INDEX DECLINESBrokers said freight market rates and futures con
Maritime
NEWPORT NEWS SHIPBUILDING DELIVERS LAYOFF NOTICES TO 400
Newport News Daily Press |
Newport News Shipbuilding handed out pink slips Tuesday to 400 local employees, including some as hi
Maritime
SCHIPHOL AIRPORT REPORTS SURGE IN '92 PROFIT, FREIGHT VOLUME
Journal of Commerce Staff |
Amsterdam's Schiphol Airport saw net profit rise 55 percent last year to 90 million guilders ($50 mi
THE ECONOMY
JOC Staff |
INDUSTRIAL PRODUCTION Percent Change May AprilManufacturing +0.2% +0.4%<
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
HUNT, SANTA FE BEGIN INTERMODAL RUN FROM CALIFORNIA TO TULSA AND MEMPHIS
Rip Watson |
J.B. Hunt Transport Services Inc. and Atchison, Topeka and Santa Fe Railway began intermodal service
RUSSIA INDUSTRY BOSS CALLS '93 OUTLOOK "GRAVE'
Reuters |
The minister overseeing Russia's industry said the outlook for this year wasbleak after a 19
Maritime
FEDNAV ORDERS KOREAN ICEBREAKER BULK CARRIERS
Leo Ryan |
Montreal-based Fednav Group, Canada's largest oceangoing shipping company, has ordered two icebreake
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1534 (June 16, 1993) Previous day - 1539 The Baltic International Freight Futures Market in
Maritime
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) June 16, 1993Bid AskedCopper_
COMEX METAL WAREHOUSE
JOC Staff |
June 16, 1993 Copper Total, 106,999. Gold Total, .2,230,156.Silver To
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
FDA PROPOSES CHANGE IN VITAMIN LABELINGThe Food and Drug Administration has proposed that ma
SURVIVAL OF LINES IN EUROPE TIED TO HIGHER RATES
Miriam Widman |
European shipping lines will not survive without higher freight rates, Atlantic Container Line chief
Maritime
PEOPLE - INSURANCE
From Wire and Staff Reports |
JARDINE INSURANCE BROKERS INC. (San Francisco) - Laurie A. Patterson was named vice president of Jar
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of June 16, 1993 Quotations are based on prices reported in the market or obtained from s
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
CORRECTION
JOC Staff |
In the Top 100 Ship Lines table that appeared on Page 8B on Monday, the container volume for Croatia
Maritime
CHINESE CHALLENGE SECOND RUSSIAN SHIP
Reuters |
A second Russian vessel in two days was aggressively challenged in the East China Sea Wednesday by a
Maritime
GATT SETS UP PANEL TO REVIEW NEW EC BANANA IMPORT QUOTAS
Reuters |
The General Agreement on Tariffs and Trade Wednesday set up a panel to examine a complaint by five L
Maritime
FLOODING WORSENS BARGE OPERATORS' CLOSE ENCOUNTERS
John Boyd |
After a spring of heavy rains, unusually powerful snowstorms and the worst flooding in 20 years, inl
Maritime
INDIA'S TRADE SURPLUS GREW IN APRIL
Knight-Ridder Financial |
India posted a trade surplus of US$40 million in April as its exports grew to $1.76 billion from $1.
END BOYCOTT AGAINST ISRAEL, GLOBAL FIRMS ASKING ARABS
Reuters |
Gulf Arab states are under increasing pressure from international companies to end a boycott of comp
Maritime
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
FDA TELLS RESEARCHERS TO SHOW DRUG STAKESWASHINGTON - The Food and Drug Administrati
EUROPA CRUISES DELAYS CASINO WORLD SPINOFF
Reuters |
Europa Cruises Corp. said it will postpone the spinoff of its Casino World unit to Europa shareholde
Maritime
ITT HARTFORD EXECUTIVE TAKES HELM AT BRAND-NEW BERMUDA REINSURER
Paul Dykewicz |
A fledgling offshore reinsurer, Global Capital Reinsurance Ltd., is on the verge of starting to offe
GRAIN FREIGHT MARKET SOFTENS BALTIC FREIGHT INDEX OFF 8 POINTS
JOC Staff |
Dry bulk cargo freight rates weakened slightly Tuesday as the Baltic Freight Index lost eight points
Maritime
USAIR UNIT RENAMED PIEDMONT AIRLINES
Reuters |
USAir Group Inc. said its Henson Aviation Inc. unit will change its name to Piedmont Airlines Inc.
BUFFALO AIRWAYS EYES MISSOURI-EUROPE SERVICE
John Boyd |
An aircraft leasing company is considering starting a new freighter service between Kansas City, Mo.
ST. JOHNSBURY JOINS A LONG LIST OF FAILED TRUCKERS
Dane Hamilton |
The demise of St. Johnsbury Trucking Co. Monday took many employees and shippers by surprise. But fo
INSURANCE BRIEFS
From Wire and Staff Reports |
CALIF. COURT APPROVES HARTFORD REHAB PLANPacific Standard Insurance Co. of Davis, Ca
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