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EC COMMISSION EXPECTS STEADY RISE IN OIL PRICES
Knight-Ridder Financial |
The European Commission Wednesday forecast that prices paid by European consumers for crude oil impo
SPOT NATURAL GAS PRICES
JOC Staff |
NATURAL GAS CLEARINGHOUSE Natural Gas Clearinghouse - Posted prices for June 1993 (see Note
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) June 2, 1993Bid AskedCopper_G
CLINTON DEALS ON QUOTAS TO WIN BUDGET BATTLE
John Maggs |
When push came to shove in last week's all-out effort to get budget legislation through the House, t
SHOWER OF FREIGHT RATE DISCOUNTS PEPPERS PACIFIC INBOUND TRAFFIC
Allen R. Wastler |
As the traditional contract period winds down, Pacific import traffic is being hit with a last-minut
Maritime
TRADE BRIEFS
Wire and Staff Reports |
ITC: STEEL WIRE RODS HURTING US INDUSTRYWASHINGTON - The U.S. International Trade Co
Maritime
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
NICARAGUA WILL PAY US MINING COMPANYWASHINGTON - Nicaragua agreed to pay $21 million
INSURANCE BRIEFS
Wire and Staff Reports |
S&P AFFIRMS RATING ON AIG'S SENIOR DEBTNEW YORK - Standard & Poor's Corp. affirmed W
MASS. PRICING PLAN ANGERS SMALL AIRLINES
Michael S. Lelyveld |
A Massachusetts Port Authority plan for new landing fees at Logan International Airport has sparked
WORKERS OUTBID BIG FIRMS TO BUY BULGARIAN GARAGE
Reuters |
The 52 employees of a Bulgarian garage have outbid the German unit of General Motors Corp. and Japan
Maritime
GERMAN KNIFE MAKERS FEAR VIOLENCE MAY CUT INTO SALES
Miriam Widman |
German cutlery manufacturers based around Solingen, where five Turkish nationals were murdered last
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday June 2, 1993 Prevailing sellers' posted prices at the close of business, represent
UK FACES BIG EXPENSE TO SCRAP NUCLEAR UNITS
Knight-Ridder Financial |
The total cost of scrapping the U.K. civil nuclear facilities could approach UK18 billion ($28.1 bil
POWER POOL IS SEPARATING FROM PHILADELPHIA ELECTRIC
Julia C. Martinez |
After 66 years, the Pennsylvania-New Jersey-Maryland power pool is breaking away from its parent, Ph
TECHNOLOGY IMPROVES EFFICIENCY ALONG US INLAND WATERWAYS
John Boyd |
New-age information equipment is revolutionizing inland waterway communications, giving the industry
Maritime
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange June 2, 1993Prev. Life of Contr. OpenOpen High Low
GERMAN INSTITUTE FAVORS RATE CUTS
Knight-Ridder Financial |
Further interest rate cuts in Germany are still urgently needed, but the Bundesbank council is unlik
PEROT ATTACK ON NAFTA ALARMS MEXICAN BUSINESS
Gregory Katz |
Ross Perot's decision to launch a televised broadside against the proposed North American free-trade
Maritime
TRANSPORT BRIEFS
From Wire and Staff Reports |
APRIL AIR CARGO TRAFFIC RISES 10 PERCENT WORLDWIDEGENEVA - Global air freight traffi
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural ServiceAgric
Maritime
UK MAY ACT UNILATERALLY ON FERRY-STABILITY RULES
Janet Porter |
The British government may try one last time to secure European Community support for stricter const
Maritime
PLASTICS FIRM COULD DELAY TAIWANESE PLANT WORK
Reuters |
Formosa Plastics group said Wednesday it may delay work on an already long- stalled US$7.5 billion p
SC STEVEDORES SET UP SCHOLARSHIP
Journal of Commerce Staff |
The South Carolina Stevedores Association donated $25,000 to establish a scholarship for the College
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
MARK, POUND WEAKEN
Alan Zimmerman |
The U.S. dollar rose Wednesday as the Bank of Japan continued its dollar- buying intervention in Tok
THE ECONOMY
Bureau of Labor Statistics |
ECONOMIC INDICATORS Monthly percent change AprilCoincident index -0.4%
AIR FREIGHT INTERESTS URGE PANEL TO ADOPT LAISSEZ-FAIRE POLICY
Mark B. Solomon |
The air freight industry, one of the few segments immune from the aviation industry's economic woes
PHILA. PORT OFFERS INCENTIVE TO LURE EUROPEAN EXPORTS
Alice Cantwell |
The Port of Philadelphia is offering a $50 incentive for every container of cargo Pennsylvania shipp
Maritime
ASIAN FUTURES
JOC Staff |
June 2, 1993 JAPANFinancial FuturesPrecious MetalsTokyo Commodity Ex
S. KOREA COMMISSIONS ITS FIRST SUBMARINE
JOC Staff |
South Korea commissioned its first submarine Wednesday and is now ready to counter underwater threat
Maritime
PHILIPPINES TO PRIVATIZE DOMESTIC SHIPPING FLEET
P.T. Bangsberg |
The Philippines said Wednesday it will deregulate and modernize its huge domestic shipping fleet and
Maritime
EMPLOYEES LOSE BID TO BLOCK DSR SALE
Miriam Widman |
The Labor Court in Rostock ruled Wednesday against the workers at eastern German shipping line Deuts
Maritime
NEWARK BAY DREDGING FINALLY UNDER WAY
Journal of Commerce Staff |
A contested Newark Bay dredging program began Wednesday with work expected to continue even as a cou
Maritime
AUSTRALIA DROUGHT RAISES SUGAR-SUPPLY CONCERNS
Knight-Ridder Financial |
Drought in Queensland, Australia, is lowering estimates for this year's sugar production, raising co
WESTERN GERMAN OUTPUT UP 0.5 PERCENT
Knight-Ridder Financial |
Western German industrial production rose a seasonally adjusted 0.5 percent in April from March, but
8 RAILROADS SETTLE NUCLEAR FUEL SUIT FOR $8 MILLION
Journal of Commerce Staff |
Eight railroads have agreed to pay more than $8 million to settle a 15-year- old dispute over rates
COORS, BALL METAL GROUP TAKE LEAD IN DENVER PLASTIC RECYCLING PROGRAM
Jeffrey Lieb |
A group of area businesses led by the Coors Brewing Co. and the Ball Metal Beverage Container Group
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 2, 1993Brent Crude Oil - (Dollars Per Barrel)_
TIN PRICES DEPRESSED BY POOR FUNDAMENTALS
Knight-Ridder Financial |
The world's major tin producers will continue to curb supply until at least October, said the execut
FOREIGN COMMERCE, CASINO BILL BOOST BALTIMORE
Alice Cantwell |
The Port of Baltimore reported gains on two fronts with an increase in foreign commerce and a new bi
Maritime
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