天津国际贸易与航运服务中心供图 新华财经天津5月6日电（记者 李亭）记者从天津国际贸易与航运服务中心获悉，2025年第18周（4月28日-30日），中国北方内外贸海运价格的风向标 ——天津航运指数小幅下跌并最终收于1010.14点，相比4月25日（第17周最后一个发布日）累计下跌5.63点，累计跌幅0.55%。 北方国际干散货运价指数整体呈现稳中有升态势，累计涨幅0.21%。其中，煤炭市场运价小幅上涨，粮食市场运价出现回落，金属矿石市场运价连续 小幅上涨。 沿海集装箱运价指数止跌企稳，累计涨幅0.17%。其中，出港运价指数跌幅明显收窄，贸集运市场运价已处于低位。进港运价指数微幅上涨，五一假 期前市场出货集中，福建市场运价小幅上升，华东和华南市场运价平稳。 天津航运指数由天津国际贸易与航运服务中心发布，发布时间为每个工作日，指数样本范围覆盖27条连接天津港、青岛港、曹妃甸港与世界港口的国 际航线，也包括天津港和中国主要港口的内贸海运航线。该指数以2010年7月16日为基期，基期指数为1000点。 编辑：郭洲洋 天津航运指数（TSI）综合反映天津及北方地区航运市场价格波动情况，是由北方国际集装箱运价指数（TCI） ...

Investment Rating - The industry investment rating is "In-Line" for Hong Kong/China Transportation & Infrastructure [5] Core Insights - The Shanghai Containerized Freight Index (SCFI) decreased by 1.7% week-over-week for the week ending April 18, 2025, compared to a 0.1% increase in the previous week, indicating a potential negative impact on COSCO Shipping Holdings' revenues and profits [8] - The SCFI is viewed as a leading indicator of actual shipping rates, which are correlated with the stock performance of COSCO Shipping Holdings [8] - Changes in shipping rates for various routes include a decrease of 2.9% for European routes, an increase of 0.8% for Mediterranean routes, a decrease of 4.5% for US West Coast routes, and minor increases for Southeast Asia and South America routes [8] Summary by Sections - **Industry Overview**: The report focuses on the container shipping sector within the Asia Pacific region, particularly analyzing COSCO Shipping Holdings in relation to the SCFI [4][60] - **Market Performance**: The SCFI's recent performance reflects a downward trend, which may adversely affect the financial outlook for COSCO Shipping Holdings [8] - **Stock Performance Correlation**: The report emphasizes the correlation between SCFI movements and COSCO Shipping Holdings' stock performance, suggesting that fluctuations in shipping rates directly influence the company's market valuation [8]