原油、干散货吞吐量稳步复苏，集装箱吞吐量稳增

Overview - The shipping and port industry in China has shown a stable performance in terms of throughput and trade volume for the first seven months of 2025, with notable growth in container throughput and fluctuations in oil and dry bulk shipping rates [1][2][4][6][7]. Container Shipping - Container throughput at major coastal ports reached 17.871 million TEUs from January to July 2025, marking a year-on-year increase of 6.5% [5]. - Major ports such as Qingdao, Shanghai, Ningbo-Zhoushan, and Shenzhen experienced growth rates of 7.8%, 4.4%, 9.4%, and 8.8% respectively, contributing to 10.77%, 17.73%, 13.78%, and 11.39% of the total throughput [5]. Trade Volume - The total import and export volume for the same period was 25.7 trillion yuan, reflecting a year-on-year growth of 3.5%, with exports growing by 7.3% to 15.3 trillion yuan, while imports fell by 1.6% to 10.39 trillion yuan [2]. - The import growth rates for electromechanical products and high-tech products were 5.8% and 10.7%, while agricultural products saw a decline of 6.9% [2]. Oil and Bulk Shipping - The oil shipping freight index (BDTI) increased by 18.62% year-on-year, indicating a rise in shipping costs [6]. - However, the crude oil throughput at major receiving ports decreased by 4.34% year-on-year, totaling 22.9 million tons from January to July 2025 [6]. - Dry bulk shipping rates showed an increase, with the Baltic Dry Index (BDI) rising by 11.63% year-on-year [7]. Investment Outlook - The overall performance of throughput remains stable, leading to a "positive" outlook for the shipping and port sector [8].