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JAPAN'S TRADE SURPLUS FELL IN MAY FIRST DECLINE IN MORE THAN 2 YEARS
Jonathan Sprague |
Japan's colossal trade surplus narrowed in May for the first time in more than two years, but that d
FINANCING TRADE - GORDON PLATT MTB BANK ACQUIRES TRADING ALLIANCE CORP. TO "GROW' CUSTOMERS
Gordon Platt |
MTB Bank acquired Trading Alliance Corp., a trade finance company specializing in purchase-order fin
AS RANKS DWINDLE, COAL MINERS SEEK TO SHORE UP JOB SECURITY
Stephen Franklin |
He doesn't bend or waver. His pitch, typically delivered as bluntly as possible, seems recorded on a
ASIAN FUTURES
JOC Staff |
June 15, 1993 JAPAN*Financial FuturesPrecious MetalsTokyo Commodity
ENERGY BRIEFS
Wire and Staff Reports |
CHINA TO TRIPLE OUTPUT AT MAJOR COALFIELDHONG KONG - China's Shenfu-Dongsheng coalfi
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) June 15, 1993Bid AskedCopper_
LOWER US COTTON OFFERS AWAITED
Knight-Ridder Financial |
Buyers, particularly in Japan and South Korea, will continue to wait for lower U.S. new-crop cotton
RAYOVAC TO OFFER FIRST RECHARGEABLE ALKALINE BATTERY
Arthur Gottschalk |
Rayovac Corp., the third-largest battery manufacturer in the United States, said Tuesday it will beg
CONTINGENCY PLANS IN THE WORKS AS ILWU DEADLINE APPROACHES
Allen R. Wastler |
Some shippers are preparing contingency plans in anticipation of problems with the West Coast longsh
Maritime
CORRECTION
JOC Staff |
In "French Shipyard Plans to Sue Government," on Page 8B June 8, Benoit Bartherotte should have been
Maritime
COST OF CREDIT
JOC Staff |
Tuesday, June 15, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
SWEDISH OFFICIALS EXPECT ECONOMY TO RECOVER IN '94
Cathy Kristiansen |
The beleaguered Swedish economy has seen its worst days and will begin to recover slowly next year,
AEROFLOT SAYS IT NEEDS $1.2 BILLION FOR NEW JETS
Reuters |
Russian state international airline Aeroflot needs $1.2 billion to help replace its aging fleet of n
Air Cargo Carriers News
MEDIATION BOARD CERTIFIES VOTE ON PILOTS' UNION AT FEDERAL EXPRESS
Lawrence H Kaufman |
The National Mediation Board has certified representation by the Air Line Pilots Association of Fede
MARITIME BRIEFS
Wire and Staff Reports |
HOUSE PANEL TO CONSIDER SHIPYARD SUBSIDY BILLWASHINGTON - A House Ways and Means tra
Maritime
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange June 15, 1993Prev. Life of Contr. OpenOpen High Low
PAKISTAN'S KARACHI PORT MAY SPEND $73 MILLION TO MODERNIZE FACILITIES
N. Vasuki Rao |
The Port of Karachi, the main sea gateway to Pakistan, is proposing to invest nearly 2 billion rupee
Maritime
TANKER RATES TO PICK UP IN FALL, BROKERS PREDICT
Vera Eckert |
Freight rates on the crude tanker charter market have moved into the summer doldrums, but analysts a
Maritime
KUWAIT SEEKS TO INCREASE 3RD-QUARTER OIL OUTPUT
JOC Staff |
Kuwait will try to raise oil output to 2 million barrels a day in the third quarter but it is not in
SPOT PRODUCT PRICES
JOC Staff |
June 15, 1993 U.S. spot oil product price indications, sellers range, in cents per gallon, f
3 UTILITY GENERATORS SHUT IN PHILIPPINES
Knight-Ridder Financial |
Three power plant generators on the main island of Luzon were shut down over the weekend, meaning th
KODAK TO CUT DEBT BURDEN BY SHEDDING CHEMICAL UNIT
Ira Breskin |
Eastman Kodak Co. will spin off its Eastman Chemical unit by year-end, reducing its debt by $2 billi
SUGAR IMPORT CRACKDOWN GETS BITTERSWEET RESPONSE
Stephen J. Lee |
News that the Clinton administration will clamp down on sugar imports has Canadian sugarcompanies as
LEGISLATORS URGE REPEAL OF LAW TYING MFN TO EMIGRATION POLICIES
Richard Lawrence |
Key congressmen Tuesday urged the repeal - at the least for Russia - of a 1974 law that conditions U
Maritime
EUROPEAN RAILWAYS TOO PROVINCIAL, SEA-LAND EXECUTIVE TELLS CONFERENCE
Miriam Widman |
Provincial interests of European railroad executives are seriously hindering the development of inte
EC TO TRY A NEW CHANNEL IN EFFORT TO SAVE TELEVISION PLAN
Reuters |
The European Community will try again today to salvage a troubled and shrunken plan for promoting hi
Maritime
TRADE FAIRS
JOC Staff |
NORTH AMERICA Export Matchmaker '93: The Middle Atlantic States Edition. June 21-22. Reston,
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Tuesday June 15, 1993 Prevailing sellers' posted prices at the close of business, representi
GASOLINE PRICES
JOC Staff |
June 15, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
KING COAL'S CROWN LOSING SOME LUSTER ON THE RAILS
Rip Watson |
Coal shipments so far this year are lagging the less-than-robust 1992 demand for the fuel that has b
ECONOMIC ISSUES CLOUD FUTURE FOR US COKING COAL EXPORTS
Arthur Gottschalk |
Recession in major steel-making markets, the growth of new technologies, and charges that foreign pr
SANTA FE STARTS SERVICE FOR MAERSK
Journal of Commerce Staff |
Atchison, Topeka and Santa Fe Railway Co. is operating a new unit train service between California a
CHINA RETAIL SALES HIT RECORD AMID SIGNS OF PANIC BUYING
JOC Staff |
Chinese retail sales swelled by 27.3 percent in May to hit a record 109.4 billion yuan ($18.9 billio
CHINA TEXTILE QUOTAS TO GO ON THE BLOCK
P.T. Bangsberg |
Public bidding for textile quotas will be introduced in China after an apparently successful trial l
Maritime
EC PUTS PRESSURE ON GERMANY TO END TELECOM DEAL WITH US
Reuters |
The European Commission piled pressure on Germany Tuesday to clear up immediately a dispute over a t
Maritime
HONG KONG MOVES TO PROTECT MICROCHIP DESIGNS
P.T. Bangsberg |
A bill to protect the owners of layouts and designs of integrated circuits is moving through the loc
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
TANKER BACKUP EASES AT PORT OF NOVOROSSISK
Grigori Gerenstein |
A tanker queue at Novorossisk, which formed over the last two weeks because of loading terminal repa
Maritime
DRYVIT SELECTS BREMERHAVEN AS HUB
Journal of Commerce Staff |
Dryvit Systems Inc. selected the Port of Bremerhaven, Germany, as its distribution hub for Central a
Maritime
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