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JoC Online Daily E-mail Newsletter Friday Edition December 28, 2001 www.joc.com =================================================== Take the Daily Quiz, sponsored by APL. The highest point in Africa is located in which of the following countries? Click on http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0PuU0As =================================================== TODAY'S TOP HEADLINES: * Tanker demand likely to hit 10-year low * New India-Europe service to start Jan. 6 * S. Korea lowers threshold for duties * Rail delays through Buffalo worsen * Gems, cash stolen from South African air-cargo depot * Maritrans loses OPA-90 case * Proposal outlines responsibilities of security agency * JoC Week: Shaky start for air cargo =================================================== The Journal of Commerce Group is proud to announce the 2nd annual Trans-Pacific Maritime Conference on March 3-5, 2002 in Long Beach, California. This is the time of year when shippers are entering contract negotiations and sizing up requirements for the summer-fall peak shipping season. We are pleased to announce that C.C. Tung, chairman and chief executive of Orient Overseas (International) Ltd., will be the keynote speaker. For additional information or to register online, please go to http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0RqK0Ag If you have any questions, please contact Ren?e Stambach at (973) 848-7154 or rstambach@joc.com. For sponsorship opportunities, please contact Yvonne Berry at (541) 485-0053 or yberry@joc.com. =================================================== TANKER DEMAND LIKELY TO HIT 10-YEAR LOW OPEC's agreement to slash crude production by 6.5%, together with matching cuts by non-OPEC producers, will reduce the demand for shipping by the equivalent of nearly 30 supertankers a month. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S140AG NEW INDIA-EUROPE SERVICE TO START JAN. 6 The new service will combine two consortia comprising Evergreen Marine, "K" Line, Malaysian International Shipping, Shipping Corp. of India, Yang Ming and Zim Israel Navigation. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S150AH S. KOREA LOWERS THRESHOLD FOR DUTIES The new rules mean that duty will be levied on products worth $29 and more. Under current regulations, customs duties are imposed on goods whose value is $77 or higher. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S160AI CHEMOIL TAKES STAKE IN OCEANCONNECT Norfolk Southern Railway is warning customers with shipments moving through the Buffalo, N.Y., area to expect 72-hour delays because of heavy snowfall. A previous alert said delays of 48 hours were expected. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S170AJ =================================================== FREE ACCESS TO JoC ONLINE! As a holiday gift to you, from December 24, 2001 - January 1, 2002, JoC Online will be unwrapping its best offer yet - FREE access to the entire site! For one week only you get FREE access to our daily updated content, Handbook of International Trade, unlimited archive searches and more. Tear into this opportunity by visiting us today at http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0PuU0As =================================================== GEMS, CASH STOLEN FROM SOUTH AFRICAN AIR-CARGO DEPOT Between five and eight armed men surprised three security guards at Johannesburg International Airport as they inspected cargo from Amsterdam. The thieves made off with $9.5 million in cash and an undisclosed amount of diamonds and other jewelry. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S180AK MARITRANS LOSES OPA-90 CASE The U.S. Court of Federal Claims ruled that the double-hull requirement of the Oil Pollution Act of 1990 does not constitute a "taking" of Maritrans' petroleum barges. Maritrans said it is evaluating a possible appeal. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S2A0AU PROPOSAL OUTLINES RESPONSIBILITIES OF SECURITY AGENCY The Transportation Security Administration's responsibilities will include security for transportation facilities, coordinating intelligence related to transportation security, research and development, and overseeing all non-military federal transportation-related responsibilities during national emergencies. http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0S2B0AV ...and only in JoC WEEK Shaky start for air cargo Air-cargo executives undoubtedly wish they could forget the disastrous year that's about to conclude. Unfortunately, they won't be able to because few expect rates or volume to rebound until next spring, at the earliest. To subscribe, visit http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0RHs0Af =================================================== SUBSCRIBE to JoC WEEK and get access to JoC ONLINE Go to http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0PuU0As for complete coverage of international trade and logistics. =================================================== TO SPONSOR THE E-NEWSLETTER OR ADVERTISE IN JoC ONLINE Call Tammarra Askew at 973-848-7077 or e-mail: taskew@joc.com ~~~~~~~~~~~~~~~~~~~~~ FEEDBACK E-mail: editor@joc.com ~~~~~~~~~~~~~~~~~~~~~ TO UNSUBSCRIBE You are subscribed as jsteffe@enron.com To unsubscribe, click the link below: http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0Si50AD ~~~~~~~~~~~~~~~~~~~~~ Forward To An Associate If you haven't already done so, please forward this newsletter to one or two of your business associates. Reading A Forwarded Copy of This E-Mail? Now you can receive you own daily e-mail newsletter with a summary of the day's top stories delivered right to your own e-mail in-box. To subscribe, simply click on http://news.joc.com/cgi-bin7/flo?y=eEgJ0BejkZ0BbA0QEo0AX ~~~~~~~~~~~~~~~~~~~~~ CUSTOMER SERVICE Phone: (800) 331-1341 E-mail: customersvs@joc.com JoC ONLINE Phone: 973-848-7000 Fax: 973-848-7016 Mail: JoC Online 33 Washington Street 13th Flr. Newark, NJ 07102-3107 Copyright 2001 Commonwealth Business Media
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