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BULK SHIPPING RATES ARE EXPECTED TO KEEP RISING WELL INTO 1996
Bruce Barnard |
The bulk shipping boom that is catapulting ocean freight rates to new highs almost daily hasn't peak
Maritime
CHINA RESTRICTS TRADING IN SHANGHAI RICE FUTURES
Reuters |
Signaling growing alarm at rocketing grain prices that are fueling inflation, China is banning rice-
CLARIFICATION
JOC Staff |
The article headlined "NAIC Considers Sanctions to Try to Break NY Impasse," which appeared on Page
COMMODITY / CHEMICAL BRIEFS
JOC Staff |
BRAZIL'S ESPIRITO SANTO SEES COFFEE CROP LOSSSAO PAULO, Brazil - Brazil's state of E
PLAYING THE CHINA CARD: BEIJING TAKES TO PLASTIC MONEY
P.T. Bangsberg |
For a country where even getting hold of money was a problem for long periods, China has taken with
CFTC PLAN ON OVERSIGHT UPSETS OTHER MARKETS
WILLIAM B. CRAWFORD Jr. |
The Commodity Futures Trading Commission has drawn the ire of leaders of the Chicago Board of Trade
CONSOLIDATED FREIGHTWAYS REPORTS THIRD-QUARTER NET INCOME INCREASE
Journal of Commerce Staff |
Consolidated Freightways Inc. said net income for common shareholders in the third quarter, before a
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Oct. 25, 1994 Quotations are based on prices reported in the market or obtained from s
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
BURLINGTON AIR EXPRESS GOES IT ALONE IN MEXICO
Kevin G. Hall |
In a move designed to gain more control over its Mexican operations, Burlington Air Express has spli
BROWNSVILLE FINALLY ACQUIRING NAVY DRY DOCK FROM VIRGINIA
Kevin G. Hall |
The Port of Brownsville, the closest Texas seaport to Mexico, is expected to ratify a transfer agree
Maritime
AT LEAST 20 DIE IN KOREAN BOAT FIRE
Associated Press |
The fire that killed at least 20 people aboard a South Korean sightseeing boat spread so quickly tha
Maritime
ECONOMISTS BLAME BAD LOANS FOR JAPAN'S WEAK RECOVERY
Brian Johns |
Japan's sluggish economy is being rocked by a loan problem more painful than widely acknowledged, tw
BELARUS' VALUE-ADDED TAXES
U.S. Department of Commerce, Foreign Commercial Service |
The following taxes are in force in Belarus: 1. A 20 percent value-added tax is paid by comp
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Oct. 25, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
ALGERIA SEEKS INVESTMENT TO BOOST OIL PRODUCTION
Agence France Presse |
Algeria wants to increase its oil output to 1 million barrels a day from about 750,000 barrels a day
OPENNESS TO INVESTMENT IS US PRIORITY FOR APEC
Brian Johns |
When they attend a summit of Pacific Rim leaders in Indonesia next month, U.S. trade representatives
Maritime
KY.'S ASHLAND OIL POSTS STRONG RISE IN EARNINGS
Todd Pack |
Ashland Oil Inc. refined its profit margins in the last fiscal year, reporting its best results sinc
BALTIC FREIGHT INDEX
JOC Staff |
1871 (Oct. 25, 1994) Previous day - 1866 The Baltic International Freight Futures Market in
Maritime
WORLD TRADE CENTER NETWORK - TRADE LEADS
World Trade Center NETWORK |
FOR FURTHER INFORMATION:These trade leads are supplied through the World Trade Center NETWOR
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
LYKES TO CUT FREIGHTERS AS SUBSIDIES RUN OUT
Tim Shorrock |
Lykes Bros. Steamship Co. is scrapping most of its aging fleet of breakbulk freighters by July 1995
JAPANESE EX-IM BANK BUILDS LINKS IN MEXICO
John M. Nagel |
The main mission of the Export-Import Bank of Japan's office in Mexico is to provide strategic fundi
ARMY CORPS PROPOSES SITES FOR SECOND MAUI HARBOR
Associated Press |
The U.S. Army Corps of Engineers has identified four sites in West Maui for a second commercial harb
Maritime
JOURNAL OF COMMERCE - FAST FACTS INDEX OF EXECUTIVES' OPTIMISM IN GERMANY
Dun & Bradstreet Corp. |
No text.
STOCKER PAYS COUNCIL $100,000 IN RESTITUTION
Alan Abrams |
Inside the Washington Beltway, even the most dramatic firings are painted as orderly, voluntary resi
AT INDONESIAN BOXPORTS, EXPANSION IS "RELATIVE'
P.T. Bangsberg |
Two Indonesian companies run by children of the country's president have won contracts for container
Maritime
TRANS-PACIFIC CARRIERS TO BOOST WESTBOUND SHIP RATES
Bill Mongelluzzo |
The Transpacific Westbound Rate Agreement will announce, possibly this week, a general rate increase
SINGAPORE URGES ASIAN AIRLINES TO LIBERALIZE TRAFFIC RIGHTS
Reuters |
Singapore has urged Asian airlines to liberalize their air traffic rights to maintain the region's g
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1) DAILY INDEX * Annual Smoothed percent +16.5610/18 107.410/19 107.510
AIR EXPRESS INTERNATIONAL BUYS GERMAN FORWARDER
William Armbruster |
Air Express International, in a move to strengthen its position in Germany, has acquired Kern Intern
ILLINOIS CENTRAL, KANSAS CITY CALL OFF MERGER
Lawrence H Kaufman |
Illinois Central Corp. and Kansas City Southern Industries Inc. called off their planned $1.6 billio
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended Oct. 15, total piggyback freight hauled on the nation's major railroads equaled 1
SURVEY: MIDWEST SHIPPERS PREFER SHORT LINES TO MAJORS
Paul F. Conley |
Shippers in the Midwest overwhelmingly prefer using short-line railroads to Class 1 railroads, accor
TRANSPORT BRIEFS
Wire and Staff Reports |
CARGOLUX STARTS SERVICE BETWEEN ICELAND, CONN.WINDSOR LOCKS, Conn. - Cargolux Airlines Inter
3 CANDIDATES TO LEAD WTO ARE RUNNING NECK-AND-NECK
John Zarocostas |
The competition to elect a chief to oversee global trade has hardened into three regional camps - th
JAPAN SET TO GRANT FARMERS' AID AS STEP TO LIBERALIZING IMPORTS
Mark Magnier |
Japan's government is scheduled today to formally ratify a $60 billion, six- year farm aid package d
PEACE PACT COULD THRUST JORDAN INTO ROLE OF MIDEAST TRADE HUB
William Armbruster |
Jordan could emerge a major trade and transportation hub in the Middle East as a resultof the peace
COST OF CREDIT
JOC Staff |
Monday, Oct. 24, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
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