CMA CGM announces the following Overweight Surcharge (OWS) update: From Mainland China, Hong Kong and Macau, Taiwan to Congo, Democratic Republic of the Congo, Angola and Gabon for dry cargo containers exceeding 18 tons in total, per 20 feet of dry cargo Container $150. Effective September 5, 2023.

It is reported that Asian factory production fell sharply in October as demand for the commodity continued to weaken. The slowdown in growth in Asia is further evidence that world trade is decelerating markedly as inflation and interest rates soar and consumer spending in the US and Europe is subdued, the analysis said. South Korea's exports fell in October for the first time in two years, one of the clearest signs that the global economy is cooling. Data released by the Korea Customs Administration on Tuesday (Nov. 1) showed that average daily shipments on weekdays in October fell 7.9% year-on-year, while overall exports fell 5.7%, a sharper-than-expected 2.1% decline. The manufacturing Purchasing Managers' Index (PMI) for October showed the magnitude of the decline as South Korea's trade data came out. (The PMI index of 50 is the dividing line between prosperity and decline. A higher than 50 indicates that manufacturing activity has expanded from the previous month, and a lower than 50 indicates that manufacturing activity has contracted.) In October, Japan's manufacturing PMI fell to 50.7 from 50.8 in September, the slowest expansion in the country since January last year; South Korea's PMI rose to 48.2 from 47.3, the fourth consecutive month of contraction in the country's factory activity; China In October, the PMI was 49.2, down 0.9 percentage points from September, returning to below the line of prosperity and decline.

With the advent of the era of high inflation and high prices, unemployment in various countries has risen, and people's lives have been difficult. The economies of many countries have been affected to varying degrees, and many companies may even face bankruptcy. 01 Pakistan faces bankruptcy In recent days, Pakistan is seeking $6 billion in aid in the International Monetary Fund's rescue package to deal with falling foreign exchange reserves, a widening current account deficit, rising inflation and a plummeting currency. At present, Pakistan's foreign exchange reserves have plummeted to 10.3 billion US dollars, only enough to pay for imports in less than two months, and the country will face an imminent crisis of international default and bankruptcy. It is understood that Pakistan's Ministry of Finance has dispatched a finance team to Doha for consultations with the IMF. At the same time, the country's foreign exchange reserves have fallen sharply, food inflation has spiraled, and the Pakistani rupee is in a state of collapse, with a sharp 21.72% drop in the current financial year. Farrukh Saleem, a Pakistani political scientist, economist and financial analyst based in Islamabad, said: "The rupee faces challenges due to reduced dollar inflows and lack of support from friendly countries such as China, Saudi Arabia and the UAE. The pressure is mounting. The delay in the recovery of the $6 billion bailout fund from the International Monetary Fund has also led to a sharp drop in the country's foreign exchange reserves. " 02 Sri Lanka is in serious economic crisis Affected by factors such as the new crown epidemic and high fuel prices, Sri Lanka is currently experiencing its worst economic crisis since independence in 1948. According to CGTN Weibo on May 19, the grace period of Sri Lanka`s $12.6 billion foreign debt

ASEAN has become the largest import and export to Shantou Reporters recently learned from Shantou Customs, in the first three quarters of this year, import and export of 44.18 billion yuan in Shantou City, an increase of 5.6% over last year, the growth rate higher than the national and provincial. Private enterprise is the main force pulling the city's foreign trade growth. The first three quarters of the import and export of private enterprises in Shantou City, 28.97 billion yuan, an increase of 14.7%. Currently, the city's export market is relatively stable and diversified distribution, rapid export growth to Hong Kong