Core Viewpoint - The "Action Plan" released by China Pacific Insurance and Bank of Communications aims to strengthen Shanghai's position as an international shipping center and promote green shipping initiatives through a comprehensive financial service system [2][3][4]. Group 1: Financial Service Integration - The "Action Plan" focuses on optimizing and integrating financial service offerings, creating a comprehensive shipping financial service system that includes bank financing, leasing, shipping insurance, risk reduction, and legal services [3]. - It aims to enhance "one-stop" customer service capabilities while increasing financing support and underwriting capacity in key areas such as high-end ship research and development, autonomous replacement of key components, and the green and intelligent transformation of the shipping industry [3]. Group 2: Risk Reduction and Climate Change - The plan emphasizes building global risk reduction service capabilities, leveraging China Pacific Insurance's strengths in maritime risk reduction services and Bank of Communications' global service network to provide diverse risk reduction services [3]. - It also highlights the importance of addressing the impact of international climate change on the shipping industry and developing financial measures to respond to these challenges [3]. Group 3: Green Shipping and Digital Transformation - The "Action Plan" prioritizes enhancing financial services for the digital and green transformation of shipping, focusing on areas such as digital infrastructure, logistics, and green port financing [4]. - China Pacific Insurance aims to tackle key challenges in green shipping and strengthen green insurance through collaborative research and innovative exploration [4]. Group 4: International Influence and Strategic Alignment - The plan seeks to enhance the international influence of Shanghai's shipping center by engaging in dialogue through international platforms like the UK-China Green Finance Working Group and the International Union of Marine Insurance [4]. - Developing green shipping and strengthening shipping insurance are seen as vital steps in aligning with China's 14th Five-Year Plan for green development and responding to national contribution goals [4].

Core Viewpoint - The resilience of Yaxing Anchor Chain's stock price reflects the transformation of China's shipbuilding industry from "scale leading" to "quality leading," with significant growth in overseas markets showcasing the global expansion of "Made in China" in high-end equipment [1][2]. Company Summary - Yaxing Anchor Chain's stock price increased by 10.61% to 10.95, with a market capitalization exceeding 10.5 billion [1]. - For the first three quarters of 2025, the company reported revenue of 1.544 billion, a year-on-year increase of 5.28%, and a net profit attributable to shareholders of 211 million, up 9.38% [1]. - In Q3, the company achieved revenue of 552 million, a year-on-year growth of 4.23% and a quarter-on-quarter increase of 36.86%, with net profit reaching 96.74 million, up 77.72% year-on-year and 55.9% quarter-on-quarter [1]. Industry Summary - Yaxing Anchor Chain holds over 60% market share in the global ship anchor chain market, dominating the high-end mooring chain sector [2]. - China's shipbuilding industry continues to lead globally, with completion volume, new orders, and backlog orders accounting for 51.7%, 68.3%, and 64.9% of the world market share, respectively [2]. - The complete industrial system in China's shipbuilding includes design, core component manufacturing, and shipbuilding, achieving cost advantages and delivery capabilities in mainstream ship types [3]. - The industry is shifting from simple product exports to diversified outputs, including technology, standards, and services, with companies like Yaxing Anchor Chain enhancing international recognition through participation in major global projects [3]. - Future predictions indicate stable growth in the global shipbuilding market, with opportunities for China to expand its market share and achieve breakthroughs in high-end ship types [3].

谈及航运界面临的海员短缺问题时，格里马尔迪说，全球现有海员约200万，缺口至少10万。新型 发动机与燃料的应用，使得约四成海员需技能提升与再培训，以保障安全，这一需求事关近80万人的职 业发展。 "人口基数庞大的中国，能为缓解航运业未来或加剧的海员短缺提供有力支撑。"他说，中国既有充 足劳动力筑牢海员储备基础，又有绿色航运的发展雄心与规划明晰的培训方向，并可依托成熟职教体 系，结合新燃料、新设备操作需求开展专项培训，培养复合型海员，助推绿色转型人才建设。 格里马尔迪强调，航运业脱碳首要依赖明确的政策导向，以政策确定性为行业投资锚定方向。 "多重优势叠加的特质让香港在绿色航运领域具备了独特竞争力。"国际航运公会主席埃马努埃莱· 格里马尔迪日前接受新华社记者专访时说。他相信，"内联外通"的香港，会成为前景广阔的绿色船用燃 料加注及交易中心，并将在航运业脱碳转型中发挥不可或缺的作用。 格里马尔迪认为，与其他航运枢纽相比，香港的独特之处在于，它既是重要的国际航运中心，也是 国际贸易与金融中心。香港作为全球前四的国际航运中心，其完善的港口设施、汇聚的船东群体以及成 熟的海事服务生态圈，生动诠释了航运业赖以生存和发展的国 ...

Core Insights - Maersk has launched its largest single investment project in China, a comprehensive logistics flagship warehouse in Shanghai's Lingang Special Area, with an investment exceeding 1 billion yuan [1] - The flagship warehouse integrates four core functions: export distribution center, import distribution center, regional and global distribution center, and cross-border e-commerce fulfillment center, along with value-added services like temperature-controlled storage [1] - The project aims to enhance customs efficiency and meet the diverse international trade needs of brands, reflecting a shift in China's trade model from export-driven to a more diversified approach [1][2] Company Developments - Maersk's CEO highlighted that increasing logistics infrastructure investment in China will better connect the country with global markets and support clients in navigating trade challenges [2] - The flagship warehouse is strategically located in the Yangtze River Delta, benefiting from local manufacturing advantages and a large consumer market, while also being close to emerging markets in Southeast Asia [1][2] Industry Trends - The Lingang New Area is witnessing a robust development of shipping and related industries, with transportation revenue growth exceeding 6% this year [6] - The area has reported impressive foreign trade performance, with import and export values reaching 339.7 billion yuan from January to October, marking a growth of over 47% [6] - The establishment of various service centers, including a chemical tanker training center and an international ship registration service center, aims to address key industry pain points and enhance operational capabilities [2][3] Future Outlook - The Lingang New Area plans to continue attracting shipping service projects and improve the shipping service industry, aiming to create a high-level shipping function cluster [7] - There is a focus on deepening institutional innovation and aligning with global shipping standards to enhance the competitiveness of the domestic shipping industry [7]

Core Insights - The 2025 High-Level Shipping Service Industry Innovation Conference was held, where the Shanghai Maritime Bureau announced policies to support the Lingang New Area in becoming a shipping function aggregation zone [1] - The policies include 14 service upgrade measures aimed at enhancing the capabilities of Yangshan Deep-Water Port, facilitating the transformation of the shipping industry, and creating a top-tier operating environment for shipping companies [1] Group 1 - The Lingang New Area is focusing on high-level shipping services as a key direction for open development, establishing itself as a center for green energy refueling, with bonded LNG and methanol refueling volumes ranking among the highest globally [1] - The international transshipment and consolidation business at Yangshan Port is steadily increasing, with the port's performance ranking first globally, further enhancing its hub function [1] Group 2 - The conference announced the launch of several high-level shipping service projects, including the "China Yangshan Port" International Ship Registration Service Center and the new crew training center by COSCO Shipping, aimed at addressing service gaps in the domestic sector [1] - The Lingang New Area will continue to strengthen institutional innovation and build a more international shipping development environment, promoting international standard alignment and cross-border data flow [2]

Core Viewpoint - Hong Kong possesses unique competitive advantages in the green shipping sector, positioning itself as a promising center for green marine fuel supply and trading, crucial for the decarbonization of the shipping industry [1][2]. Group 1: Hong Kong's Role in Green Shipping - Hong Kong is recognized as one of the world's top four international shipping centers, characterized by its advanced port facilities, a diverse group of shipowners, and a mature maritime service ecosystem [1]. - The city is expected to play an indispensable role in the global shipping industry's transition towards decarbonization, supported by its open and collaborative approach [1][3]. - The ongoing "Hong Kong Maritime Week 2025" serves as a significant opportunity for the shipping industry to enhance communication and build cooperative bridges, reaffirming support for open free trade and a shared commitment to decarbonization [1]. Group 2: China's Contribution to Green Fuel - China, as the world's largest shipbuilding nation, has made significant advancements in new fuel technologies, including methanol, ammonia, and hydrogen, providing critical opportunities for the global shipping industry [2]. - The country’s ports are equipped to offer specialized new fuel supply services, which is essential for the shipping corridors that facilitate global trade [2]. Group 3: Challenges in the Shipping Industry - The global shipping industry faces a shortage of approximately 100,000 seafarers, with about 200,000 currently employed, necessitating skill upgrades and retraining for around 40% of seafarers to ensure safety [2]. - China's large population can help alleviate the potential worsening of the seafarer shortage, supported by a robust labor force and a clear training direction for green shipping [2]. Group 4: Policy and Collaboration - The decarbonization of the shipping industry relies heavily on clear policy direction, with Hong Kong's government actively engaging with the industry through policy guidance, regulatory optimization, and tax incentives [3]. - Hong Kong's unique positioning under the "One Country, Two Systems" framework allows it to leverage its connection to the mainland and enhance its status as an international shipping center [3]. - There is an expectation for continuous upgrades to port facilities and shore power infrastructure, along with collaboration with other ports in the Guangdong-Hong Kong-Macao Greater Bay Area to facilitate energy transition [3].

刘会平对贝壳财经记者表示，内地的企业能够通过香港了解世界最新局势，对接国际机遇。目前，香港 还为内地企业设置了"出海专班"，让内地企业能更安全有序地出海。 据了解，香港特区政府组建的"出海专班"已于10月6日正式启动，其主要目的是更好地支援有意拓展海 外业务的内地企业，利用香港作为平台推动业务出海。 新京报贝壳财经讯（记者潘亦纯）"十五五"规划建议提出，巩固提升香港国际金融、航运、贸易中心地 位。未来，香港航运如何抓住发展机遇？香港如何进一步发挥中国对外开放窗口的重要作用？ 11月17日-18日，贝壳财经记者在"香港海运周2025"期间采访了香港贸发局副总裁刘会平及香港特区政 府运输及物流局局长陈美宝。 刘会平表示，当前，全球贸易充满不确定性，供应链受到较大影响，物流费用提高等困扰着行业发展。 香港作为国际航运中心，将进一步转型升级，把握新的发展机遇。 刘会平认为，香港应持续发挥超级联系人、超级增值人的作用，抓住新机遇。首先，亚洲经济在持续增 长，尤其是中国内地。近期发布的"十五五"规划建议，将在未来五年为市场带来诸多新增长机遇，这也 是今年香港海运周上与会嘉宾最为关注的一大话题；其次，本届香港海运周设置了与 ...

香港特区政府运输及物流局局长陈美宝致辞表示，香港积极响应中央政府对香港国际航运中心地位的支 持和期望，先后发布《海运及港口发展策略行动纲领》《绿色船用燃料加注行动纲领》，成立"香港海 运港口发展局"，全面推动行业可持续发展。香港将持续发挥"超级联系人"优势，携手各方引领航运业 迈向更智能、更绿色的未来。 本报香港11月17日电（记者冯学知）2025世界航商大会17日在香港开幕。大会以"破壁迎变·共促可持续 发展"为主题，深度聚焦行业热点，共商推动航运产业链在变局中实现高质量发展。 2025世界航商大会是同日开幕的"香港海运周2025"中一项重点活动。为期7天的海运周主题为"航向绿色 未来"，汇聚逾70家海内外机构，将举办超过50项活动，涵盖旗舰论坛、高层研讨会及公众参与项目 等。 全国政协副主席梁振英在大会主论坛致辞指出，香港应紧抓中国新一轮对外开放契机，一方面助力内地 航运企业拓展国际市场、融入全球规则体系，另一方面吸引全球优质航运资源经香港进入内地，强化香 港作为国内外海运企业及组织内联外引的"超级联系人"角色，融入国家航运业发展大局，更好服务国家 高水平对外开放。 香港特区行政长官李家超在开幕致辞中表示 ...

Core Viewpoint - The 2025 World Shipping Conference in Hong Kong focuses on promoting sustainable development in the shipping industry amidst global changes, with over 1,300 participants from various sectors discussing high-quality development strategies [1]. Group 1: Key Initiatives and Proposals - The Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference emphasized the importance of eliminating cooperation barriers and responding to global changes to advance sustainable development in the shipping industry [1]. - The Hong Kong Chief Executive highlighted the unique advantages of Hong Kong as a stable international maritime center and called for enhanced international cooperation in the face of rising protectionism and climate challenges [1]. - The Deputy Minister of Transport proposed four initiatives: seizing opportunities, deepening cooperation, accelerating green transformation, and enhancing service capabilities [2]. Group 2: Technological and Environmental Developments - The Hong Kong government has completed the refueling of nearly 200,000 tons of green fuel and is initiating a methanol fuel refueling pilot project [2]. - The conference introduced the "Global Shipping Company Net Zero Path Practice Guide" and two other standards aimed at providing a unified quantitative benchmark for low-carbon transformation in the shipping sector [3]. Group 3: Collaborative Efforts and Governance - The Chairman of China Merchants Group called for the establishment of a fair global shipping governance system and the creation of a green technology alliance to promote international green shipping corridors [3]. - The conference was co-hosted by various organizations, including the Hong Kong government and international shipping associations, indicating a collaborative approach to addressing industry challenges [3].

Core Points - Kunlun Energy successfully completed its first LNG bunkering operation at the Kwai Tsing Terminal in Hong Kong on November 16, marking a significant milestone following the first offshore LNG bunkering in Hong Kong earlier this year [1][3] - The operation involved the vessel "Yixing Haibanshi," which refueled to meet its fuel needs for a subsequent journey to Turkey [1][3] - The LNG bunkering service is part of a collaborative model between Shenzhen and Hong Kong, aiming to establish Hong Kong as a regional hub for green fuel supply [3][4] Company Strategy - Kunlun Energy's LNG bunkering business focuses on the Guangdong-Hong Kong-Macau Greater Bay Area while expanding its market reach nationally and globally [3] - The company has successfully completed 12 anchorage bunkering operations in Hong Kong as of mid-November, with expectations to complete over 100 LNG bunkering operations this year [3] Industry Impact - The successful completion of the LNG bunkering operation has attracted significant interest from both domestic and international shipping companies, leading to an increase in vessels choosing Hong Kong for green fuel bunkering [4] - The Hong Kong government emphasizes the importance of stable energy supply and aims to align green shipping standards with international practices [4]