Weekly Newsletter

Mexico: In the first half of the year, foreign investment increased by 49.2% year-on-year

According to preliminary statistics from the Mexican Ministry of Economy and the Central Bank, Mexico attracted a total of US$27.5116 billion in foreign investment in the first half of 2022, a year-on-year increase of 49.2%. Among them, the manufacturing industry accounted for 34.3%, and the transportation industry accounted for 16.3%. In terms of investment source countries, the United States accounted for 39.9%, Canada accounted for 10.3%, and Spain accounted for 6.8% as the top three.

Egypt announces reduction of import tariffs to promote industrial development

Recently, the Egyptian Ministry of Finance issued new regulations to relax import customs clearance, reducing import duties on about 150 imported goods, which are considered very important for local production. It is reported that the reduction of import tariffs aims to ease supply chain constraints and promote the development of local industries.

Shanghai Port's container volume fell 1.7% in the first half of the year

Shanghai International Port Group (SIPG) reported container throughput of 22.55 million TEUs in the first half of 2022, down 1.7% due to the impact of COVID-19 lockdowns and supply chain disruptions. Among the three major port areas of Yangshan, Waigaoqiao and Wusong, the container throughput of Yangshan is 11.814 million TEUs, accounting for 52.4% of the total container throughput of the port.

CMA CGM Announces Second Quarter 2022 Results

CMA CGM Group recently announced its results for the second quarter of 2022. During the reporting period, the operating income was approximately US$19.5 billion, a year-on-year increase of 57.0%; the profit before interest, tax, depreciation and amortization (EBITDA) was approximately US$9.6 billion, a year-on-year increase of 109.6%; the net profit was approximately US$7.6 billion, a year-on-year increase of 118.5%

Maersk Announces Completion of Acquisition of Li Fung Logistics

Maersk has announced the completion of the acquisition of contract logistics company LF Logistics. Headquartered in Hong Kong, China, the company has high-quality omni-channel fulfillment service capabilities in the Asia-Pacific region, and also excels in e-commerce and inland transportation. In the future LF Logistics will use the Maersk brand.

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