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Worldport LA Receives Go-Ahead For Activation Of Foreign Trade Zone

The U.S. Customs Service has approved Crescent Warehouse Co., Ltd.'s application to activate a foreign- trade zone (FTZ) operation in Foreign-Trade Zone 202 at the Port of Los Angeles.

A division of Stevedoring Services of America, the company has 65 years of experience as an operator of customs-bonded cargo warehouses. As an FTZ 202 operator, Crescent will use a Port-owned, 73,125-sq.-ft. facility for storing metals for the London Metal Exchange.

Traders of foreign and domestic merchandise brought into an FTZ can benefit from substantial costsaving incentives on duties and taxes. FTZ 202 includes sites at Los Angeles International Airport and the proposed International Trade and Transportation Center in Bakersfield, Calif.

Worldport LA's Marketing Director, A1 Fierstine, announced that Akio Segawa has been appointed to the presidency of Japan Marine Services, Ltd., the Tokyobased company that provides marketing representation in Japan for the Port.




Port Authority History

$148.6 Million Dredging Contract Awarded In Los Angele
Apollo Stevedoring/Jason Shipping Recruit Jacomino For Tampa Operations
Boston Whaler Fire/Rescue Boat On Duty At Massport Fire Department
Brazilian Joint Venture Delivers Brazilian Venture
China Port Expansion Spells Opportunity For U.S. Companies
Coast Guard Considers Seven Port Zones For Establishing New Vessel Tracking System
Drive For Quality To Afflict Owners, Benefit Builders
Forest Products Nicho Looks Ripo For Expansion
I.s. And Japan Resolve Port Dispute
India An Emerging Economic And Industrial Power
International Shipholding Corp. Announces Executive Appointments
INTERTANKO Applauds USCG Final Rules Regarding Under-Keel Clearance For Single Hull Tankers
Japan Presents Gift Of Oil Cembat Vessel Te Jordan
Libra Opens Private Brazilian Container Terminal
Mako Marine Delivers Patrol Boats To Colombian Coast Guard
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Marine Terminals Corp. To Operate Oakland Terminal
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Pena Accepts Port Award, Stresses Highway System Legislation
Pilot Vessels Designed For Anticipated USCG Regulation Changes
Port Everglades And Kings Ocean In Preliminary Agreement For Increased Service
Port Of Goteborg Reports On 1995 Shipments, Recent Port Developments
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U.S* Ports' Agenda: Focus Is On Infrastructure Focus Is On Infrastructure
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