交通运输行业周报：油轮市场需求强劲运价持续波动，国庆假期全国揽投快递包裹近63亿件

Investment Rating - The report rates the transportation industry as "Outperform the Market" [3]. Core Insights - The demand for oil tankers remains strong, with fluctuating freight rates and record-high container ship orders. Geopolitical factors such as Russian oil production, the situation in the Red Sea, OPEC+ decisions, and China's economic growth will influence the tanker market [15][17]. - Global air passenger traffic increased by 8.6% year-on-year in August, with strong growth in air freight demand, particularly on trade routes from the Middle East to Europe [17][18]. - During the National Day holiday, nearly 6.3 billion express packages were collected nationwide, with a September e-commerce logistics index of 114.4 points, indicating robust growth in the logistics sector [22][23]. Summary by Sections 1. Industry Hotspot Events - Oil tanker market demand is strong, with fluctuating freight rates and container ship orders reaching historical highs. The current order volume for new oil tankers is 36 million deadweight tons, matching 2023 levels, the highest since 2017 [15][17]. - In August, global air passenger traffic grew by 8.6% year-on-year, with a record load factor of 86.2%. Domestic air travel in China accounted for 11.2% of the global market share, with a year-on-year revenue passenger kilometer growth of 10.7% [17][18]. - The National Day holiday saw the collection of 3.161 billion express packages, a 28.4% increase compared to the previous year, with the e-commerce logistics index showing a slight recovery [22][23]. 2. High-Frequency Dynamic Data Tracking - Air freight prices showed an upward trend in early October, with the Shanghai outbound air freight price index at 4879.00 points, up 13.3% year-on-year [24]. - The container shipping freight index (SCFI) reported a decrease of 3.4% week-on-week, while the domestic trade container freight index (PDCI) increased by 3.31% [33][44]. - In September, domestic cargo flights increased by 13.94% year-on-year, while international flights rose by 30.80% [29]. 3. Performance of Listed Companies in the Transportation Industry - The report recommends focusing on the industrial goods export chain, highlighting companies such as COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [15]. - It also suggests monitoring low-altitude economy investment opportunities, recommending SF Holding and CITIC Offshore Helicopter [15]. - The report emphasizes investment opportunities in the express delivery sector, recommending Jitu Express, Zhongtong Express, Shentong Express, and Yunda Holdings [15].