Core Viewpoint - The establishment of a new sea-rail intermodal transport system in Jubail, Saudi Arabia, aims to enhance logistics efficiency and reduce environmental impact in the chemical product transportation sector, particularly for exports to China and Japan [1][2][4]. Group 1: Company Developments - A joint venture will be formed between COSCO Shipping, Orient Overseas, and Saudi Port Services Company to build a 100,000 square meter container yard capable of handling 140,000 TEUs annually [2]. - The Saudi Railway Company will construct a dedicated railway line to connect the new dry port to the railway system, facilitating the transport of empty containers from Riyadh or Dammam to the new facility [2]. - The new service is expected to commence by the second quarter of next year, following the completion of the railway line [2]. Group 2: Industry Context - Jubail is identified as Saudi Arabia's most significant chemical base, with at least 25% of its chemical products exported to China [4]. - The initiative aligns with Saudi Arabia's Vision 2030, which aims to diversify the economy and enhance cooperation with Chinese enterprises, providing new opportunities for both parties [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並表明概不對因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） 承董事會命 中遠海運控股股份有限公司 公司秘書 肖俊光 中華人民共和國，上海 二零二五年八月十五日 於本公告日期，董事為萬敏先生 （ 董 事 長 ）、 張 峰 先 生 1 （ 副 董 事 長 ）、 1 陶衛東先生 1 、朱濤先生 1 、徐飛攀先生 1 、余德先生 2 、馬時亨教授 3 、沈抖先生 3 及 奚治月女士 3 。 1 執行董事 2 非執行董事 3 獨立非執行董事 * 僅供識別 （股份代號：1919） 董事會會議通知 中遠海運控股股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於二零 二五年八月二十八日（星期四）舉行董事會會議，以考慮及通過（其中包括）本公司 及其附屬公司截至二零二五年六月三十日止六個月之未經審核綜合中期業績。 ...

Group 1: Shipping Industry - The oil shipping market is expected to see a recovery in rates due to OPEC+'s decision to increase production, with VLCC freight rates experiencing significant increases [1][21] - The current supply situation is relatively tight, and any marginal changes in demand could have a multiplier effect on freight rates, leading to recommendations for COSCO Shipping Energy and China Merchants Energy [1][21] - The container shipping sector is facing pressure on profitability due to weakening cargo volumes and ongoing trade risks, with a recommendation to monitor COSCO Shipping Holdings for potential alpha opportunities [1][25] Group 2: Aviation Industry - The domestic passenger flight volume has shown a slight increase, with overall and domestic flight volumes up by 0.6% and 0.5% respectively compared to the previous week, indicating a recovery trend [2][36] - The average ticket price for domestic routes has decreased by 8.7% year-on-year, while the passenger load factor has improved slightly, suggesting a mixed performance in the aviation sector [2][36] - Investment recommendations include China Southern Airlines, China Eastern Airlines, and Spring Airlines, as the aviation sector is expected to benefit from economic recovery [2][45] Group 3: Express Delivery Industry - The "anti-involution" policy initiated on July 1 aims to reduce competition in the express delivery sector, with price increases already observed in regions like Zhejiang and Guangdong [3][53] - The policy is expected to lead to improved profitability and service quality in the express delivery industry, with a focus on monitoring the execution and sustainability of price increases [3][54] - Recommendations include SF Express, ZTO Express, YTO Express, and Shentong Express, as these companies are likely to benefit from the policy changes and market dynamics [3][66] Group 4: Logistics Sector - The logistics sector is facing challenges due to external economic pressures and internal strategy adjustments, with companies like DeBang Logistics experiencing significant profit declines [79] - Eastern Airlines Logistics is highlighted as a leader in the air cargo market, benefiting from a strong market share and operational efficiencies [79][80] - Investment focus should be on companies that can adapt to the changing market conditions and maintain competitive advantages [79][80]

Summary of Container Shipping & Shipbuilding Insights Industry Overview - The container shipping and shipbuilding sectors are experiencing increased confusion regarding demand dynamics, with mixed signals about whether demand is strong or weak, pent-up or front-loaded [2][6][8] - Maersk has reported robust demand outside the US, while the US market remains cautious due to tariff uncertainties [2][20] - ICTSI has observed no evidence of cargo front-loading at its ports, complicating the understanding of demand patterns [2][6] Key Companies and Financial Outlook Maersk - Maersk raised its guidance due to strong demand outside North America, expecting global container market volume growth of 2-4% [20][31] - Financial guidance was increased by 17% at the mid-point, with EBITDA raised to US$8-9.5 billion and EBIT raised to US$2-3.5 billion [20][31] ONE - ONE cut its FY25 outlook due to reliance on volatile US routes, lowering EBITDA to US$2.6 billion from US$2.9 billion [21][33] COSCO - COSCO's 1H25 net profit is expected at RMB 18.8 billion, an 11% increase year-over-year [6][38] - Price targets for COSCO have been raised to HKD 21 for COSCO-H and RMB 24 for COSCO-A [6][38] OOIL - OOIL reported a 4.4% year-over-year increase in overall lifting volume for 1H25, with a net profit preview of USD 840 million, up 1% year-over-year [39] Evergreen Marine - Evergreen Marine's 1H25 net profit is expected to see a 2% year-over-year increase, with a price target raised to TWD 352 [6][40] Demand Dynamics - Global container demand grew by 2.6% year-over-year in June, supported by strong Asia-Europe trades [6][8] - Chinese exports in July 2025 rose 7.2% year-over-year, driven by manufacturers rushing to meet tariff deadlines [22][23] Geopolitical and Economic Factors - The Red Sea crisis continues to absorb industry capacity, impacting shipping routes and contributing to port congestion [14][15][28] - USTR 301 tariffs are influencing industry strategies, with Maersk indicating it will not charge customers fees related to these tariffs [16][20] Inventory Levels and Market Sentiment - The US inventory-to-sales ratio indicates increased inventory levels due to pre-stocking activities, with the Logistics Managers' Index (LMI) showing a decline in inventory levels [12][13] - The US market is adopting a "wait-and-see" approach due to tariff uncertainties, which may lead to a spike in demand as tariff deadlines approach [9][10] Challenges and Opportunities - Port congestion remains a significant challenge, particularly in Europe, due to underinvestment in capacity [14][27] - The ongoing geopolitical uncertainties present both risks and opportunities for investment in shipping stocks with strong exposure to non-US markets [23][30] Conclusion - The container shipping and shipbuilding sectors are navigating a complex landscape characterized by mixed demand signals, geopolitical uncertainties, and evolving market dynamics. Companies like Maersk, COSCO, OOIL, and Evergreen Marine are adapting their strategies to leverage opportunities while managing risks associated with tariffs and global trade disruptions.

Group 1 - China Merchants Group is reportedly seeking to acquire a 20% to 30% stake in the global port assets being sold by CK Hutchison Holdings [1] - Negotiations regarding the deal are still ongoing, with one option being for China Merchants to participate in transactions outside of the two ports at the Panama Canal [1] - The Chinese government emphasizes its commitment to regulating the sale of overseas port assets to safeguard national sovereignty, security, and development interests, while also ensuring market fairness [1]

Group 1 - On August 8, China Merchants Industry Holdings (中远海控) recorded a financing purchase amount of 109 million yuan, ranking 156th in the two markets [1] - The financing repayment amount on the same day was 184 million yuan, resulting in a net sell of approximately 75.69 million yuan [1] - Over the last three trading days from August 6 to August 8, the financing purchases were 174 million yuan, 184 million yuan, and 109 million yuan respectively [1] Group 2 - On August 8, the company had a securities lending sell of 255,600 shares, with a net sell of 235,900 shares [1]

Group 1 - The latest stock price of China COSCO Shipping Holdings is 15.79 yuan, an increase of 0.15 yuan from the previous trading day, with a trading volume of 1.174 billion yuan [1] - China COSCO Shipping Holdings operates a leading global container shipping fleet, providing international and domestic maritime container transportation services [1] - The company ranks first in the cash dividend yield among listed companies, with the total cash dividends for A-share listed companies in 2024 expected to reach 2.4 trillion yuan, a 9% increase from 2023 [1] - The average dividend yield of China COSCO Shipping Holdings over the past three years has been outstanding [1]

Core Viewpoint - China’s Ministry of Foreign Affairs emphasizes the importance of regulatory oversight regarding the sale of global port assets by CK Hutchison Holdings, ensuring the protection of national sovereignty, security, and development interests while maintaining market fairness and justice [1]. Group 1: Company Actions - China COSCO Shipping Group is reportedly seeking to acquire a 20% to 30% stake in the global port assets being sold by CK Hutchison Holdings [1]. - Negotiations regarding the details of this transaction are still ongoing, with one option being COSCO's participation in ports outside of the Panama Canal [1]. Group 2: Government Stance - The Chinese government will regulate the sale of overseas port assets in accordance with the law, highlighting its commitment to safeguarding national interests [1].

Group 1 - China COSCO Shipping Group is reportedly seeking to acquire a 20% to 30% stake in the global port assets being sold by CK Hutchison Holdings [1] - Negotiation details are not finalized, with one option being COSCO's participation in transactions involving ports outside of the Panama Canal [1] - The Chinese government will regulate the sale of overseas port assets to safeguard national sovereignty, security, and development interests, while ensuring market fairness [1]

8月8日，外交部发言人郭嘉昆答记者问。 《金融时报》记者：据称中远集团正在寻求获得香港长江和记出售全球港口交易中20%到30%的股权。有关谈 判细节还未最终敲定，其中一个选项是让中远参股巴拿马运河两个港口以外的交易。外交部对此有何评论？ 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 如何增强国内资本市场的吸引力和包容性？看权威人士解题 丨 补贴50%！上海宣布生育支持新 政！ 丨 脑机接口利好来袭！概念股20%涨停！ 丨 刘晓庆被举报偷税漏税，官方公布调查结果！本 人发声！ 丨 昨夜，中概股大涨！ 丨 GPT-5，重磅来袭！ 丨 深夜，大涨！美国退休金突发！ 丨 刚 刚，降息25基点！英镑拉升 丨 7000亿元！央行出手！ 丨 财政部：标普报告对中国经济增长韧性和 债务管控成效高度认可 体现了对中国经济向好前景的信心 来源：外交部官方网站 ...