The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!

February 02, 2005

Data the key to maritime security says Horizon's Raymond

Some $10 billion per second of world commerce is at risk if maritime and port security measures are not in place to stop terrorism, said Charles G. (Chuck) Raymond, Chairman, CEO and President of Horizon Lines.

Raymond made the comment in his keynote address at today's session of Marine Log's MARITIE AND PORT SECURITY conference in Washington, D.C.

"The national economy and the world economy could be severely impacted by terrorists using marine containers," said Raymond. "Maritime and Port security measures should and will be a boost to system efficiency with the effective capture and use of shipment data and event updates" he added.

Raymond was appointed recently to a five-year term on the National Maritime Security Advisory Committee--established to advise, consult with and make recommendations to the Department of Homeland Security, via the Commandant of the Coast Guard on matters related to national maritime security.

"Communication and planning throughout today's ocean supply chains is sporadic, reaction-based and a hindrance to efficient commerce. However, the key is the sharing of meaningful information across all players, including carrier, shipper, consignee, bankers, vessel operators, port operators, drayage agents, Customs House Brokers, railroads, truckers and third party warehousemen and logistics providers."

Technology exists, Raymond said, to capture key events, forecast future events, capture various types of intelligence, such as electronic seals, radioactive sensors, variations from "traditional" routes, dwell times, identity of shippers, among other factors, to make the security system much more affordable, benign to most international cargo movements and more secure overall.

"The solution," said Raymond, "is in how we effectively capture all of the necessary data, as early in the life of a shipment as possible, input new data as it becomes available and organize and monitor that data in order to serve the goals of security and commerce." he said.

Horizon Lines' information technology arm, Horizon Services Group(HSG) has a global container tracking system that accomplishes this task.

Noting that HSG has partnered with Congress, which provided significant funding for a demonstration of the power of the system at the Port of Jacksonville, Raymond said: "This is an example of an unprecedented level of cooperation throughout all levels of government--with private industry and institutions--that will ultimately benefit our country; even the world. The government has the crucial task of continuing to foster this kind of collaborative environment that we need to secure our people, our country, our trade and our economy"


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