顺丰与极兔战略合作，油运运价维持强势

Group 1: Industry Dynamics - The overall container shipping price has slightly decreased, with the SCFI composite price index dropping by 4.4% to 1574 points [6] - SF Express and J&T Express have engaged in a strategic mutual shareholding, with an investment amounting to HKD 8.3 billion, aiming for a strategic win-win in both domestic and international markets [1] - Xiamen Xiangyu has released a five-year strategic plan (2026-2030) focusing on high-quality development and optimizing its business portfolio [2] Group 2: Air Transport - China Southern Airlines has significantly increased its capital in Shantou Airlines, raising its registered capital from CNY 280 million to approximately CNY 1.504 billion, an increase of 437.25% [3] - Cambodia has announced a visa-free policy for Chinese tourists for a trial period, which may boost air travel demand [3] - The Philippines has also implemented a visa-free entry policy for Chinese citizens, effective for one year [3] Group 3: Shipping and Port Operations - The BDTI index for crude oil shipping has increased by 15.61% to 1388 points, indicating a positive trend in oil transportation [6] - The BDI index for bulk shipping has decreased by 10.2% to 1591 points, reflecting a decline in bulk shipping rates [6] - China's port cargo throughput has increased by 3.06% week-on-week, with container throughput rising by 5.50% [7] Group 4: Logistics and Supply Chain - National logistics operations have been running smoothly, with rail freight increasing by 10.26% and highway truck traffic rising by 17.3% [8] - Gansu Expressway reported a 5.14% year-on-year increase in total revenue for 2025, driven by growth in smart transportation services [9] - The logistics sector is expected to benefit from a reduction in competition and a rebound in demand, with companies like Deppon Logistics and Aneng Logistics showing strong profit potential [12]