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SPOT PRODUCT PRICES
JOC Staff |
May 5, 1993 U.S. spot oil product price indications, sellers range, in cents per gallon, f.o
CANADA'S NATURAL GAS BUBBLE BURSTS, STUDY SAYS
Arthur Gottschalk |
Canada's natural gas bubble - the surplus of supply over demand that has kept domestic prices low an
CANADA SEEKS TOUGHER SHIP POLLUTION REGULATIONS
Leo Ryan |
Proposed amendments to the Canada Shipping Act would sharply increase fines for polluters and author
Maritime
IRS INCREASES TRADE AUDITS OF MULTINATIONAL COMPANIES
Charles W. Thurston |
The U.S. Internal Revenue Service is stepping up audits of multinational companies with questionable
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
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
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
CHINA WEIGHS CURE TO ALLEVIATE "SHIPPING FEVER'
P.T. Bangsberg |
China's maritime sector is booming, and officials said Wednesday they are going to impose some restr
Maritime
FREIGHT RATE FUTURES
JOC Staff |
May 5, 1993 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
APL EXTENDS HOURS FOR HONG KONG CARGOHONG KONG - American President Lines Ltd. has e
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
May 5, 1993 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
US SHIPBUILDERS HIT APL'S PLAN FOR FOREIGN SHIPS
Allen R. Wastler |
The announcement that American President Lines Ltd. plans to purchase six containerships from foreig
SHIPPER TELLS AIR CARRIERS, FORWARDERS TO FOCUS MORE ON DELIVERY SOLUTIONS
William Armbruster |
"Sell solutions, not freight rates and capacity." That was the message delivered by the only
LEBANON APPEALS US EMBARGO ON SALES BY MIDDLE EAST AIRLINES
(Reuter) |
Lebanon is appealing a U.S. ban on Middle East Airlines (MEA) selling tickets or taking reservations
COMMODITY / CHEMICAL BRIEFS
Wire and Staff Reports |
BRAZILIAN GRAIN EXPORTS CONTINUE DESPITE STRIKESAO PAULO, Brazil - A strike by Brazi
MARTEN TRANSPORT REPORTS HIGHER FIRST-QUARTER INCOME
Journal of Commerce Staff |
Marten Transport Ltd. reported higher first-quarter income of $934,000, or 27 cents a share, on reve
DOLLAR RISES AS BUNDESBANK REPURCHASE RATE DROPS
Alan Zimmerman |
The U.S. dollar was mostly higher in thin trading Wednesday, as the deutsche mark declined on news t
TRADERS, CUSTOMS STRIVE TO IMPROVE EXPORT REPORT
Michael S. Lelyveld |
A group of brokers and freight forwarders is working with Customs on a plan that could greatly incre
Maritime
GASOLINE PRICES
JOC Staff |
May 5, 1993 RESELLER RACKUnleaded Mid- Premium-Unlead Premi
US OFFICIALS: RUSSIAN PORTS ADD TO COST OF GRAIN AID
WILLIAM DiBENEDETTO |
Clinton administration officials and House members, discussing high U.S. carrier costs to transport
OPPOSITION TO BARGE-FUEL TAX HIKE SET TO MAKE CASE BEFORE HOUSE PANEL
Tim Sansbury |
Waterway industry opposition to President Clinton's proposed barge-fuel tax hike of $1 a gallon so f
Maritime
PORTS URGED TO PREPARE FOR LARGER VESSELS
Craig Dunlap |
Port authorities must invest heavily in new facilities to accommodate the larger ships entering the
Maritime
NY DOCKERS MAY STRIKE OVER STALLED DREDGING EMPLOYERS THREATEN SUIT SEEKING LOST CARGO ASSESSMENTS
Alice Cantwell |
Frustrated that a permit has not been issued for a controversial dredging permit in Newark Bay, the
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 5, 1993 Quotations are based on prices reported in the market or obtainedf
INSURANCE BRIEFS
Wire and Staff Reports |
PENSION GROUP BACKS EXECUTIVE LIFE PLANThe steering committee of the Group Annuity P
ST. PAUL RESTRUCTURES COMP, REINSURANCE
Paul Dykewicz |
The St. Paul Cos. is in the midst of restructuring two poorly performing business segments that offe
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
MINN. TO OPEN FOUR OFFICES IN EC FOR TRADE PROMOTION
Charles W. Thurston |
Minnesota will expand its international trade promotion network over the coming week, opening office
Maritime
US SLIPPING IN SHARE OF WORLD BANK CONTRACTS
Richard Lawrence |
U.S. companies' share of World Bank-financed contracts in developing countries is on the decline, ac
Maritime
TRADING WITH NICARAGUA AID PACKAGE SHOWS CLOSER TIES BETWEEN US, NICARAGUA
Kenneth Wolf |
A politically weakened George Bush delayed part of a U.S. aid package for Nicaragua last year. Presi
Maritime
INDIA MAKES ADDITIONAL IMPORT DUTY REDUCTIONS
N. Vasuki Rao |
Further cuts in import duties were decreed late Tuesday, with Finance Minister Manmohan Singh declar
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
MULTIPORT SHIP AGENCIES NETWORK (Rotterdam, Netherlands) - Don Waheed, president of Biehl & Co., was
Maritime
HIGHLAND MOVES TO TORONTO PORT
Journal of Commerce Staff |
Highland Intermodal, a Canadian Pacific company, signed a deal with the Toronto Harbour Commission t
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday May 5, 1993 Prevailing sellers' posted prices at the close of business, representi
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago5/5 5/4 Change % Change: 4/12
FRENCH DISCOVERER OF AIDS VIRUS EXPLORES NEW PATH TO VACCINE
(Reuter) |
Luc Montagnier, the French discoverer of the AIDS virus, is researching a new lead for a vaccine aga
COAL INDUSTRY URGED TO SEPARATE ENVIRONMENTAL FACT FROM FICTION
Arthur Gottschalk |
The coal industry and others charged with guiding energy policy must seek out and separate environme
ENERGY BRIEFS
From Wire and Staff Reports |
SHELL REFINING TO BOOST MALAYSIAN INVESTMENTKUALA LUMPUR, Malaysia - Shell Refining
S. KOREAN COPPER USE SEEN DOWN BY 15 PERCENT
Knight-Ridder Financial |
Lucky Metals has reduced by 15 percent its forecast for South Korea's 1993 domestic copper consumpti
CHINA EXPECTED TO BOOST IMPORTS OF CRUDE OIL
Richard Leong |
Rising demand for petroleum in China will boost the country's requirement for imported crude oil to
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