The Asian crisis is likely to continue into 2000 and ocean carriers will have to cope further with the strong demand for eastbound cargo and the simultaneous decline in westbound cargo, Commissioner Delmond H.J. Won of the Federal Maritime Commission told GlobalFax last week.
Mr. Won will share his views on the Asian crisis at a networking reception of the Atlanta Women in International Trade (AWIT) and the Independent Freight Forwarders and Customs House Brokers Association of Atlanta on Tuesday, April 6. The reception will be held in the Crown Room of the Sheraton Colony Square beginning at 5:15 p.m.
On March 9, Mr. Won instructed the com-mission’s Bureau of Enforcement to punish carriers that refused to provide space under current year service contracts or imposed sudden rates increases in response to their loss of westbound cargo.
Mr. Won will discuss the penalties the bureau will impose as well as new Ocean Shipping Act that will take effect on May 1.
Cost of the event is $25 for members of the sponsoring organizations and $35 for non-members. To reserve a place, E-mail AWITRSVP@aol.com, send a fax to (770) 483-7336 or call (770) 621-2519 by Friday, April 2.