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To: Jurgen who wrote (28677)	10/7/1999 3:09:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Jurgen, >>>> My Company imports heavy machinery from Europe. Since Mid September we have been paying a surcharge of 100 US$ for every container going west. Reason: the vessel is empty going back east. <<<< I use to be in both the EUROPE and FAR EAST trade with a steamship line, and my sources are also confirming that going to Europe, they are only shipping junk cargoes. It is to the point that they are even rejecting/limiting sjunk cargo like wastepaper/cheap chemicals since the freight charges are so cheap that it doesnt even pay for the UNION DUEs(Guarantee Annual Income for the stevedores). In other words, there is no demand for export space on the vessels. So, I cannot see any signs yet that the trade deficit will improve at this time. It may improve in JAN/FEB when the imports drops due to seasonality. seeya