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JoC Online Daily E-mail Newsletter
Friday Edition
December 28, 2001
www.joc.com

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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

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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

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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.

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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

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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

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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

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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.

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TO SPONSOR THE E-NEWSLETTER OR ADVERTISE IN JoC ONLINE
Call Tammarra Askew at 973-848-7077 or e-mail: taskew@joc.com

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