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December 2004 |
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MOL to order 10 more large car carriers High steel prices, weak US$ hurting Korean shipyards
The Jerusalem Post reports that Zim Integrated Shipping Services Ltd. and its parent company Israel Corporation have outlined plans for acquisition of 12 cargo vessels in a $732 million deal. Global congestion to slow trade: Container jam threatens worldwide trade NEW YORK -- The chief executive of APL warned Tuesday that the growth of world trade is threatened by port and rail congestion, not just in the United States, but worldwide. Analyst expects "major downturn" in container shipping in 2006 Credit Suisse First Boston warned in a report on Asian container shipping that a "major downturn" in the liner shipping market is probable in 2006, with ship capacity increasing much faster than cargo volumes.
TSA Announcement: Container shipping lines in the Transpacific Stabilization Agreement (TSA) have completed a detailed assessment of market, operational and infrastructure conditions in the Asia-US container freight market, and finalised pricing plans for 2005 tariffs and service contracts. |
Supreme Court rules “Himalaya” clause protects railroad In a decision rendered more quickly than anticipated, the U.S. Supreme Court ruled unanimously... that a railroad, as a participant in multimodal carriage, is entitled via a “Himalaya” clause to an ocean carrier’s bill of lading liability limitation under the Carriage of Goods by Sea Act (COGSA). U.S. intermodal traffic still booming The Association of American Railroads reported that intermodal freight carried by major U.S. railroads increased 11 percent to 233,559 trailers or containers in the week ended Nov. 6, from the year-earlier period.
Boeing is expanding its 777 commercial airplane family to include a cargo model that will be the world's largest and most capable twin-engine freighter. Flying further than any other freighter and providing more capacity than any twin-engine cargo airplane, the new 777 Freighter is due to enter service in the fourth quarter of 2008. The 777 Freighter will have a revenue payload capability of 101 metric tons, and will accommodate 27 standard pallets on its main deck and 10 in its lower cargo hold. It can fly 5,200 nautical miles (9,630 km) with a full payload and market-preferred cargo load density. Delivering the lowest trip cost of any large freighter, the 777 Freighter will meet QC2 noise standards for maximum accessibility to noise-sensitive airports. Both the 777 and 747 Freighters accommodate 10-foot-high pallets, providing operators with maximum flexibility. Boeing forecasts that large widebody freighters (65 metric tons and above in capacity) will comprise 31% of the market by 2023. |
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U.S.
Customs & Border Protection Know Before You Go Regulations for U.S. Residents Contains everything U.S. residents should know before they go abroad. Please see our Know Before You Go online brochure in the Travel section. As an international traveler, you should be aware of the rules for bringing items back from your trip. For instance, did you know that the duty-free personal exemption was recently raised to $800?
When You Return to the United States Documentary Requirements for Entry To The US
Duty-free Exemption Sending Goods to the United States Prohibited and Restricted Items Money and Other Monetary Instruments |
Customs
Rulings Online
U.S. Customs and Border Protection (Customs) offers the public an on-line database that allows users to research Customs rulings at no charge. Binding rulings are one method that Customs uses to provide official legal guidance to importers and other interested parties on specific Customs issues, including valuation, marking and tariff classification. The Customs Rulings Online Search System (CROSS) is a searchable database of approximately 118,000 Customs rulings that has the added functionality of cross-referencing rulings from the initial search result set with their modified, revoked or referenced counterparts. Separated into sections, one section contains rulings issued by Customs headquarters in Washington, D.C. and another contains those issued by the New York Office of Regulations and Rulings. The rulings in the database span the years 1989 to present, and the collections can be searched individually or collectively. The Rulings and Regulations section can be accessed on the Customs and Border Protection's web site and their explanatory "What Are Ruling Letters" page can be accessed here. |
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from the New York Times website Free Registration required Canada Weighs Penalizing Long List of U.S. Goods W.T.O. Authorizes Trade Sanctions Against the United States |
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TSA Proposes HazMat Background The Transportation Security Administration (TSA) will soon issue an interim final rule implementing several aspects of the background check requirements for drivers with hazardous materials endorsements as required by the USA Patriot Act.
U.S.
container seal requirement may start The U.S. Department of Homeland Security continues to work on a regulation mandating importers use tamper-evident, mechanical seals for all incoming ocean containers... TSA issues plan to tighten air cargo security The U.S. Transportation Security Administration issued long-awaited proposals to strengthen air cargo security that include tighter rules for freight forwarders, airports, aircraft operators and foreign air carriers designed to prevent terrorists from using the planes as weapons against targets on the ground or from carrying explosives on a plane.
Ridge: U.S. security depends on The United States cannot defeat terrorists without the cooperation of like-minded nations... New C-TPAT proposal focuses on flexible security standards U.S. Customs and Border Protection has completed its second draft of revised security standards for importers participating in the Customs-Trade Partnership Against Terrorism trusted shipper program... |
The Office of the US Trade Representative U.S. Announces Intent to Negotiate FTAs with UAE and Oman WASHINGTON, DC – U.S. Trade Representative Robert B. Zoellick today announced the Administration’s intent to negotiate Free Trade Agreements with the United Arab Emirates (UAE) and Oman, important steps on the path to fulfilling the President’s vision of developing economic growth and democracy in the Middle East. China logistics industry lags: experts LOGISTICS experts in China have said that the logistics industry in China is lagging behind in terms of scale, system, infrastructure and services compared with the modern logistics industry in other countries. Official says WTO will not ‘cave in’ to domestic textile groups Chiedu Osawke, director of the textile division of the World Trade Organization (WTO), told an association of apparel importers in New York that the WTO will not be swayed from “the letter and intent” of the decade-old Agreement on Textiles by increasingly strident demands from domestic textile manufacturers, principally in the United States and Europe, for some form of continued protection for textile and apparel products after existing quotas on such goods fall away on Jan. 1, 2005.
Customs:
EU and U.S. act on The European Union and the U.S. are taking container security measures that "will facilitate legitimate trade through mutually acceptable reciprocal security standards and industry partnership programs." |
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The event will include discussions between senior Customs and Border Protection managers and representatives of the international trade and transportation community. Panels will include a Department of Homeland Security/Border and Transportation Security Executive roundtable, Trade Act of 2002 implementation, Bioterrorism Act of 2002, the Container Security Initiative, and the Automated Commercial Environment. National Cargo Security
Council Fall Seminar: Radio Frequency Identification The seminar will include eight sessions on real-world, real-time solutions leveraging RFID and other automatic identification and data collection technologies, such as sensors, biometrics, and satellite tracking systems. The comprehensive program features 22 world-renowned experts from international manufacturers and shippers, leading consultancies and universities, government and law enforcement agencies, as well as RFID software and hardware providers. |
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Click each article link for printable version or click here for printable version of entire Newsletter (12 pages) |
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| December in History | ||||
Boeing
to Introduce New 777 Freighter
Security
and Facilitation of Trade: The Way Forward