交通运输行业周报：中远海特定增项目落地，极兔速递宣布接入DeepSeek大模型

Investment Rating - The report rates the transportation industry as "Outperforming the Market" [1] Core Insights - In February, China regained the top position in global new ship orders, with a market share of 93.7%, totaling 52 new ships and 621 million deadweight tons [1][13] - Air China launched a direct flight from Beijing to Washington, with over 1 million passengers passing through Beijing Daxing International Airport, marking a 36.1% year-on-year increase [1][15][16] - Jitu Express integrated the DeepSeek AI model, with the Chinese express delivery index reaching 368.6 in January and February, reflecting an 11.8% year-on-year increase [1][21][23] Industry Hot Events - February saw China’s new ship orders return to the global lead, with a total of 69 ships and 663 million deadweight tons ordered, a 117.4% increase from January [13] - Air China’s direct flight service from Beijing to Washington commenced on March 14, enhancing international travel efficiency [15][16] - Jitu Express's integration of the DeepSeek model aims to improve operational efficiency and reduce training costs [21][22] Industry High-Frequency Data Tracking - In February, express delivery volume increased by 58.75% year-on-year, with revenue rising by 16.26% [2][40] - The average daily international flights in the second week of March reached 1,631.57, a 20.27% year-on-year increase [2][67] - The shipping price index (SCFI) decreased by 30.04% year-on-year, while the dry bulk index (BDI) increased by 11.60% week-on-week [2][31][34] Investment Recommendations - The report suggests focusing on the equipment and manufacturing export chain, recommending companies like COSCO Shipping Specialized, China Merchants Energy Shipping, and Huamao Logistics [3] - It highlights investment opportunities in the low-altitude economy, recommending CITIC Offshore Helicopter [3] - The report also suggests looking into the cruise and ferry sectors, recommending Bohai Ferry and Straits Shares [3]