November 24, 2025 09:55 PM GMT Shipping Geopolitics Playbook: Winter 2025 Edition Key geopolitical dynamics in focus: Gaza cease-fire and Red Sea rerouting; Russia-Ukraine war and potential peace deal; US-China trade tensions and supply-chain shifts; and IMO decarbonization. Gaza cease-fire: End to Red Sea rerouting would be a negative for container shipping: The potential end of Red Sea rerouting remains the major overhang on container shipping fundamentals, having eroded ~10% of effective capacity. Oversu ...

2025年11月25日 标的指数成份股涨幅 TOP20 MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨赐 标普中国 A 股红利机会指数(CSPSADRP) | 序号 | 代码 | 简称 | 車日涨幅 | 年内涨幅 | 股息率(近12个 | | --- | --- | --- | --- | --- | --- | | | | | (%) | (%) | 月) (%) | | 1 | 603730 SH | 岱美股份 | 9.99 | 21.56 | 3.68 | | 2 | 603508.SH | 思维列控 | 6.14 | 31.38 | 13.33 | | 3 | 002572.SZ | 家非亚 | 4.19 | -11.70 | 7.35 | | 4 | 603888 SH | 新澳股份 | 3.92 | 11.45 | 4.20 | | 5 | 000928.SZ | 中钢国际 | 3.83 | 7.03 | 4.77 | | 6 | 600970.SH | 中材国际 | 3.49 | 5.13 | 4.95 | | 7 | 605117.SH | 德业股份 | 3.40 | 36.47 | 4 ...

摩根士丹利 将 中远海能 A股评级上调至超配，目标价15.20元人民币。 ...

证券之星消息，11月24日航运港口板块较上一交易日下跌0.34%，海峡股份领跌。当日上证指数报收于 3836.77，上涨0.05%。深证成指报收于12585.08，上涨0.37%。航运港口板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601872 | 指商轮船 | 9.03 | 2.96% | 139.14万 | | 12.66亿 | | 001205 | 盛航股份 | 17.02 | 2.96% | 3.63万 | | 6137.04万 | | 600026 | 中远海能 | 12.68 | 2.34% | 50.36万 | | 6.40 Z | | 920571 | 国航远洋 | 10.02 | 2.14% | 8.98万 | | 9001.96万 | | 603209 | 兴通股份 | 15.60 | 2.09% | 6.76万 | | 1.05亿 | | 000520 | 凤凰航运 | 4.43 | 1.84% | 18.87万 | | 8273. ...

| < ロ | 工业富联(601138) | | O | | --- | --- | --- | --- | | 交易中 11-24 11:30:00 通 融 | | | | | 54.61 额 138亿 股本 198亿 市盈™ 35.5 | | 万得 | | | -6.06 -9.99% 换 1.23% 市值 1.1万亿 市净 6.71 | | 营口 | | | 分时 | 五日 日K 周K 月K 更多 ◎ | | | | 量加 | 盘口 资金 | | | | 66.74 | 10.00% 卖5 54.65 | | 67 | | | 卖4 54.64 | | 91 | | | 更3 54.63 | | 150 122 | | | 卖2 54.62 | | | | 60.67 | 54.61 1 1 % SoUU O | | 578 | | | 买1 54.60 9632 | | | | | | | 0 | | | 253 | | 0 | | | 254 | | 0 | | 54.60 | 252 -10.00% | | 0 | | 09:30 11:30/13:00 | 15:00 | | | | | 11: ...

数据显示，截至2025年10月31日，国证石油天然气指数(399439)前十大权重股分别为中国石油 (601857)、中国石化(600028)、中国海油(600938)、杰瑞股份(002353)、广汇能源(600256)、招商轮船 (601872)、中远海能(600026)、新奥股份(600803)、大众公用(600635)、招商南油(601975)，前十大权重 股合计占比65.09%。 油气ETF(159697)，场外联接(A：019827；C：019828；I：022861)。 区域局势降温，亚洲早盘油价走低。华泰证券认为，产油国"利重于量"诉求未改，OPEC+在短期牺牲 价格以争取市场份额后，再平衡压力有望推动新一轮协同达成，叠加北美页岩油成本影响，60美元/桶 的布伦特油价中枢在南美供应增量集中释放、全球能源转型进一步提速之前仍有望得到支撑，具备增产 降本能力及天然气业务增量的高分红能源龙头企业，或将具有配置机遇。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 截至2025年11月24日 09:49，国证石油天然气指数(399 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry is experiencing resilient demand, with a "de-involution" trend driving up express prices, enhancing corporate profit elasticity, and creating favorable competition opportunities in the medium to long term [15] - The shipping market is expected to benefit from the OPEC+ production increase cycle and the Federal Reserve's interest rate cuts, with a notable improvement in the oil transportation market's outlook for Q4 2025 [15] - The shipping market is anticipated to recover, supported by environmental regulations limiting the operation of older fleets and the upcoming production of the West Manganese iron ore by the end of 2025 [15] Summary by Sections Express Logistics - In October 2025, the express delivery industry achieved a business volume of 17.6 billion pieces, a year-on-year increase of 7.9%, with revenue reaching 131.67 billion yuan, up 4.7% year-on-year [4][24] - Major players like YTO, Shentong, and Yunda showed varied growth rates, with YTO's volume increasing by 12.78% and Shentong by 3.97%, while Yunda's volume decreased by 5.11% [4][30] - The industry is transitioning towards high-quality development, with significant improvements in single-ticket revenue due to price increases driven by the de-involution trend [4] Shipping and Ports - VLCC freight rates reached a new high of $136,843 per day, the highest since Q2 2020, driven by tight available capacity and stable inquiry rhythms [8] - The Capesize bulk carrier spot freight rates surpassed $30,000 per day, reflecting a 20% increase over the past week, supported by seasonal demand recovery and strong import demand from China [8] - The BDI index increased by 7.1% to 2225 points, indicating a robust recovery in the bulk shipping market [9] Aviation - In October 2025, civil aviation transported approximately 68 million passengers, a year-on-year increase of 5.8%, and cargo/mail transport reached 917,000 tons, up 13.3% [58] - The overall passenger load factor for major airlines was 86.88%, showing a slight increase from the previous month [62] Road and Rail - From November 10 to November 16, 2025, national freight logistics operated smoothly, with rail freight reaching 81.8 million tons, a 0.17% increase week-on-week [14] - In October 2025, road freight volume was 3.706 billion tons, a year-on-year increase of 0.08% [64] Supply Chain Logistics - The logistics landscape is evolving, with companies like Shenzhen International expected to benefit from the transformation of logistics parks, providing performance elasticity [15] - The industry is witnessing a slowdown in competition, with companies like Debang and Aneng Logistics showing significant profit improvements due to strategic transformations [15]

Core Viewpoint - The oil ETF (561360) opened down by 1.17% at 1.185 yuan, reflecting a mixed performance among its major holdings [1] Group 1: ETF Performance - The oil ETF (561360) has a performance benchmark of the CSI Oil and Gas Industry Index return rate [1] - Since its establishment on October 23, 2023, the fund has achieved a return of 19.63% [1] - The fund's return over the past month is reported at 7.61% [1] Group 2: Major Holdings Performance - China National Offshore Oil Corporation (CNOOC) opened down by 0.34% [1] - China Petroleum opened down by 0.10% [1] - China Petrochemical remained unchanged at 0.00% [1] - Jereh Group opened down by 1.55% [1] - China Merchants Energy opened up by 0.33% [1] - Guanghui Energy opened down by 0.39% [1] - COSCO Shipping Energy opened up by 0.79% [1] - Hengli Petrochemical opened down by 1.15% [1] - China Merchants South Oil opened down by 0.31% [1] - CNOOC Engineering opened down by 0.53% [1]

Core Viewpoint - 中远海能's stock price has experienced fluctuations, with a recent decline of 2.05% and a year-to-date increase of 9.13% [1] Company Overview - 中远海能, established on July 26, 1996, and listed on May 23, 2002, is based in Shanghai and primarily engages in the transportation of crude oil and refined oil, as well as liquefied natural gas (LNG) [1] - The company's revenue composition includes: 44.88% from foreign trade crude oil, 13.64% from domestic crude oil, 10.69% from LNG transportation, 9.88% from foreign trade refined oil, 9.49% from domestic refined oil, and smaller percentages from other services [1] Financial Performance - For the period from January to September 2025, 中远海能 reported a revenue of 171.08 billion yuan, a slight decrease of 0.21% year-on-year, and a net profit attributable to shareholders of 27.23 billion yuan, down 20.27% year-on-year [2] - The company has distributed a total of 144.62 billion yuan in dividends since its A-share listing, with 44.37 billion yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, 中远海能 had 82,400 shareholders, a decrease of 29.24% from the previous period [2] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable reductions in their holdings [3]

证券之星消息，11月20日航运港口板块较上一交易日下跌0.88%，海通发展领跌。当日上证指数报收于 3931.05，下跌0.4%。深证成指报收于12980.82，下跌0.76%。航运港口板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603162 | 海通发展 | 11.13 | -6.31% | 28.63万 | | 3.24亿 | | 600026 | 中远海能 | 12.69 | -4.15% | 43.76万 | | 5.62 Z | | 601872 | 指商轮船 | 8.97 | -3.34% | 74.02万 | | 6.71亿 | | 000520 | 凤凰航运 | 4.61 | -2.74% | 20.91万 | | 9733.74万 | | 920571 | 国航远洋 | 10.22 | -2.57% | 11.51万 | | 1.19亿 | | 601008 | 连云港 | 5.41 | -1.81% | 13.11万 | | 7141 ...