研报掘金丨浙商证券：维持中远海控“增持”评级，多举措提升货运量

Core Viewpoint - The report from Zheshang Securities indicates that shipping rates remain under pressure, while COSCO Shipping Holdings is implementing multiple measures to increase cargo volume [1] Group 1: Cargo Volume Performance - In Q3 2025, the company's container shipping volume reached 6.9 million TEUs, representing a year-on-year increase of 4.91% [1] - Except for the trans-Pacific route, which saw a year-on-year decline of 4.24% due to the US-China tariff war, all other routes experienced year-on-year growth in cargo volume [1] Group 2: Future Outlook - Future trade on US routes and related routes is expected to recover as both the US and China reach an agreement and the US tariff policy shows signs of easing [1] - The company's terminal business is experiencing steady growth, and it is actively repurchasing shares to stabilize investor confidence, maintaining a "buy" rating [1]