推进集装箱铁水联运深度融合，券商维持航运港口板块“看好”评级

Core Insights - The Ministry of Transport, National Railway Administration, and China National Railway Group have issued an action plan for the deep integration of container rail-water intermodal transport, aiming for an average annual growth of approximately 15% in container intermodal transport volume by 2027 [1] - In the first seven months of 2025, China's total import and export volume reached 25.7 trillion yuan, a year-on-year increase of 3.5%, with imports at 10.39 trillion yuan (down 1.6%) and exports at 15.3 trillion yuan (up 7.3%) [1] - As of August 2025, the China Container Freight Index (CCFI) for export containers was 1156.32 points, reflecting a year-on-year decline of 42.74% and a month-on-month decrease of 1.58% [1] - The Shanghai Container Freight Index (SCFI) stood at 1445.06 points on August 29, 2025, showing a year-on-year drop of 53.35% but a month-on-month increase of 2.1% [1] - The domestic trade container freight index (PDCI) was recorded at 1080 points on August 22, 2025, indicating a year-on-year increase of 14.77% but a slight month-on-month decline of 1.01% [3] - Overall, container throughput performance remains stable, and the shipping port sector is rated as "positive" by the research analysis [3]