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THE ePORTAL
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In This ePORTAL Issue:

  • Marine Digest Magazine: A Great New Membership Benefit
  • EU Supports Open Skies Agreement with U.S.
  • Holiday Announcement: Israeli Customs Closed during Passover
  • Deutsche Bank Unit to Buy U.S. Seaport Terminal
  • Transportation Security Administration - TWIC Fees
  • TACA Leaves Fuel Charge Unchanged
  • Ocean Freight Costs May Cool as Congestion Eases
  • Horizon Chairman to Address 4th Annual Short-Sea Shipping Conference
  • ePORTAL – SIGN UP HERE !

  • --
    March 26, 2007

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    March 26, 2007

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    Marine Digest Magazine: A Great New Membership Benefit

    Members of the International Association of Movers will be receiving complimentary copies of Marine Digest & Cargo Business News.

    Marine Digest and Cargo Business News was founded in 1922 and has since grown to a national/international audience and is the pre-eminent magazine of its kind covering the cargo, seaport and marine industries in the Pacific Rim.

    As part of your first complementary copy of Marine Digest, you will also be receiving a subscription confirmation card. In order to keep receiving the magazine, please complete the card or go online to the address provided on the card to confirm your subscription.

    Marine Digest will not sell your information to anyone, they simply ask you to confirm that you received the magazine and that you wish to receive future copies. Any questions pertaining to your subscription to Marine Digest Magazine should be directed to the published.


    EU Supports Open Skies Agreement with U.S.

    On March 22, European Union transport ministers unanimously supported a landmark aviation agreement with the United States that will increase competition in the $18-billion trans-Atlantic air cargo and passenger market.

    The agreement, which has been in the negotiations phase for the last four years, and feared dead several times along the way, will end a 50-year old rule linking flying rights to a carrier’s nationality. The accord will allow European and U.S. airlines to fly between any points in the 27 EU member nations and the United States. It is anticipated that the agreement will lower passenger fares and air-cargo freight rates, while boosting traffic on the world’s busiest air route. Additionally, the agreement is likely to accelerate consolidation among European carriers.


    Holiday Announcement: Israeli Customs Closed during Passover

    IAM has been informed that between April 2nd and April 10th, the Israeli Customs Service will be closed in respect of the observance of Passover in Israel. No clearance for inbound shipments - sea or air - will be available for personal shipments.

    During the Passover Holiday Customs Houses will operate on a limited basis and service will be provided in instances of urgent importation only.

    We suggest that you check with your local agent if you have any specific question.

    NOTE: Please forward information on national, religious, and/or ethic holidays to IAM for inclusion in future ePORTAL Newsletters.


    Deutsche Bank Unit to Buy U.S. Seaport Terminal

    The Wall Street Journal recently reported that Deutsche Bank AG, Germany's largest bank, has agreed to buy Maher Terminals Inc. Maher Terminals is the owner of the largest container operation at the Port of New York and New Jersey. Deutsche Bank agreed to buy Maher Terminals as part of its growing infrastructure investments, including port operations in the United Kingdom and a toll road in Australia, and would retain the Maher name.

    Source: Bloomberg.com

    Transportation Security Administration - TWIC fees

    The Transportation Security Administration (TSA) issued a rule establishing the standard user fee for issuance of a transportation worker identification credential (TWIC) at $137.25.

    The user fee for an applicant who has completed a prior comparable threat assessment is $105.25. These fees are intended to cover TSA’s costs to enroll applicants, complete security threat assessments, and issue biometric credentials. 72 Fed. Reg. 13026.

    Source: Holland+Knight / www.hklaw.com

    TACA Leaves Fuel Charge Unchanged

    Members of the Trans-Atlantic Conference Agreement (TACA) announced that, based on the latest monitoring of fuel prices, Bunker Adjustment Factor will remain unchanged at eight percent through May 15.

    Fuel charges to/from and via Atlantic/Gulf Coast ports remain at $395 per 20-ft. container; $790 per 40- and 45-ft. container, and $40 for all other freight.

    For Pacific Coast ports, charges are $593 per 20-ft. container, $1,186 for 40- and 45-ft. boxes, and $59 for other freight.

    Members of TACA include Atlantic Container Line; Maersk Line; Mediterranean Shipping Co.; NYK Line, and Orient Overseas Container Line.


    Ocean Freight Costs May Cool as Congestion Eases

    Ocean freight costs may come down in the short to medium term as congestion at various international ports gradually eases, said Richard Elman, chief executive of Hong Kong-based commodity trading firm Noble Grains.

    "Freight costs right now are very, very high. And the reason for that is ports are unable to cope with the traffic, and as port facilities improve, it will ease the congestion and cool down freight costs too," said Elman.

    Source: Hong Kong News

    Horizon Chairman to Address 4th Annual Short-Sea Shipping Conference

    Charles G. Raymond, Chairman, President and CEO of Horizon Lines Inc., will discuss solutions to the looming congestion crisis facing the U.S. transportation infrastructure during his keynote speech on Monday, April 16, 2007, at the opening of the Journal of Commerce’s 4th Annual Short-Sea Shipping Conference in Orlando, Florida.

    “Short-sea shipping is a necessary solution for an increasingly stressed and congested transportation network as import containers more than double before the end of the next decade,” said Raymond, a 40-year veteran of the transportation industry. “The time is now to work out the regulatory hurdles halting short sea shipping from becoming a viable part of our overall transportation strategy.”

    For more information of the conference, please contact:

    Renee Jacobs
    Commonwealth Business Media, Inc.
    Conference Director
    760.294.5563
    rjacobs@joc.com

    Source: Journal of Commerce

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    IAM, Inc.