波罗的海干散货运价指数周线攀升，海岬型船运费走高 金十期货5月30日讯，据外媒报道，波罗的海干散货运价指数上涨，并录得周线涨幅，因海岬型船运价 指数上扬。波罗的海干散货运价指数上涨65点，或4.8%，报1418点，创5月2日以来四周高位。波罗的 海干散货运价指数录得5.8%的周线涨幅。海岬型船运价指数上涨218点，或10.6%，至2277点，周线涨 20%。该指数周五触及4月3日以来的最高水准。海岬型船日均获利上涨1811美元，至18885美元。巴拿 马型船运价指数下滑18点，或1.6%，报1119点。该指数周线下滑10%。巴拿马型船日均获利下跌163美 元，至10071美元。超灵便型散货船运价指数下跌5点，至951点，周线下滑3%。 ...

记者30日从交通运输部获悉，今年前4个月，全社会跨区域人员流动量为227.4亿人次，同比增长3.8%。 据交通运输部有关负责人介绍，前4个月，我国公路人员流动量为209.6亿人次，水路客运量为7655万人 次。城市客运方面，前4个月，我国城市客运量为341.7亿人次。其中，城市轨道交通客运量为105.8亿人 次，城市客运轮渡客运量为2431万人次，公共汽电车、出租汽车客运量分别为122.4亿人次和113.2亿人 次。营业性货运方面，前4个月，我国完成营业性货运量180.9亿吨。其中，完成公路货运量132.4亿吨， 完成水路货运量31.7亿吨。交通固定资产投资方面，前4个月，我国完成交通固定资产投资9503亿元， 其中公路、水运分别完成投资6534亿元和684亿元。(新华社) ...

美法院裁定特政府越权,宏观情绪上或有提振,但现货市场挺价 上仍较为疲软,中美贸易战的缓和势必在90天会产生抢运的情 况,需要关注本次法院裁定后的最终结果。综上述,我们认为, 一需要关注90天现货运价区间,二是关税政策缓和下终端需求的 反馈,三是裁定的最终结果。 2025年5月30日 集运日报 (航运研究小组) 宏观情绪整体偏多，叠加多头资金进入，午后快速拉涨，盘面大幅震荡，风险偏好者可考虑逢高试空，端午安康 | SCFIS、NCFI运价指数 | | | --- | --- | | 5月26日 | 5月23日 | | 上海出口集装箱结算运价指数SCFIS (欧洲航线) 1247.05点, 较上期下跌1.4% | 宁波出口集装箱运价指数NCFI (综合指数) 1106.08点, 较上期上涨9.02% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1719.79点，较上期上涨18.9% | 宁波出口集装箱运价指数NCFI (欧洲航线) 783.58点, 较上期上涨4.35% | | 5月23日 | 宁波出口集装箱运价指数NCFI (美西航线) 1894.63点,较上期上涨4.50% | | | 5月23日 ...

Core Viewpoint - ANE (Cayman) reported strong financial results for 1Q25, with revenue and profit growth despite challenging market conditions, indicating resilience and effective strategic adjustments in the express freight industry [1][2][5]. Financial Performance - Revenue increased by 9% YoY to Rmb2.59 billion, while gross profit grew by 7% YoY to Rmb410 million [1]. - Attributable net profit rose by 20% YoY to Rmb226 million, and adjusted net profit increased by 16% YoY to Rmb242 million, with an adjusted net margin reaching a quarterly high of 9.4% [1]. - The firm’s cash and cash equivalents surged by 50% YoY to Rmb2.01 billion, indicating strong cash flow [4]. Market Trends - The express freight market is shifting towards high-margin small parcels, with volumes of parcels under 70kg increasing by 27% YoY [2]. - Total freight volume for less-than-truckload (LTL) services rose by 6% YoY to 3.045 million tonnes, with significant growth in mini freight and light freight categories [2]. Cost Structure and Profitability - Average selling price (ASP) for LTL services increased by 3% YoY to Rmb850 per tonne, while cost per tonne also rose by 3% YoY to Rmb715 [3]. - The unit gross profit per tonne rose by 2% YoY to Rmb135, reflecting improved profitability despite rising costs in certain service areas [3]. Competitive Position - The number of franchisees grew by approximately 22% YoY to 36,000, driven by improved product competitiveness and reduced parcel loss rates [4]. - ANE is positioned as a leading franchised express shipping company, capable of adjusting pricing and volume strategies in response to market dynamics [5]. Future Outlook - Earnings forecasts for 2025 and 2026 have been slightly lowered by 4.6% and 1.5% to Rmb1.01 billion and Rmb1.22 billion, respectively, reflecting market conditions [6]. - The stock is currently trading at 10.0x and 8.2x adjusted P/E for 2025 and 2026, with a target price of HK$11.00, suggesting an 18.9% upside potential [6].

金十期货5月28日讯，据外媒报道，波罗的海干散货运价指数上涨，因海岬型船运价指数上扬。波罗的 海干散货运价指数上涨7点或0.5%，报1303点。海岬型船运价指数上涨65点或3.6%，至1874点。海岬型 船日均获利上涨534美元，至15539美元。巴拿马型船运价指数下滑39点或3%，报1169点，连续第五日 下滑，创3月12日以来的逾两个月低位。巴拿马型船日均获利下跌346美元，至10523美元。超灵便型散 货船运价指数下跌10点，至964点，创三周低位。 波罗的海干散货运价指数上涨 ...

近日，4.5万吨铝土矿首次通过"龙烟—大莱龙—海清—胶济—博小"线抵达山东省滨州市无棣县东风港 站，标志着国铁济南局与山东魏桥创业集团有限公司、山东港口烟台港搭建的"烟台西港区至滨州"铝土 矿铁海联运物流大通道正式开通，以"铁路+港口"全链条服务模式有效串联起内陆工厂、临港企业、港 口铁路等各环节，为山东深化交通物流降本提质增效注入新动能。 据介绍，国铁济南局按照"一企一策"原则，大力推进"公转铁""公转水""海铁联运"等运输结构调整，加 强集疏港重点货源组织，增加铁路运量。结合客户实际需求，国铁济南局与山东港口烟台港密切协作， 为客户量身定制以"海铁联运"为基础的多式联运全程物流方案，打通"烟台西港区至滨州"铝土矿铁海联 运物流大通道，为山东西部氧化铝企业提供安全、稳定、绿色、高效、经济的综合物流服务，实现内陆 企业、铁路、港口多方共赢。 今年以来，铁路部门大力发展物流总包服务，推动大宗货物运输"公转铁"，4月份新签订物流总包合同 114个，合同运量2.16亿吨，同比分别增长159%、350%，探索开行"豫焦鲁煤"等重来重去物流总包大宗 班列，充分利用运力资源，提升运输综合效能。与航运企业扩大合作，开发多式 ...

Core Insights - The Tianjin Shipping Index (TSI) reflects the price fluctuations in the shipping market of Tianjin and northern regions, derived from the Northern International Container Freight Index (TCI), Northern International Bulk Freight Index (TBI), and Coastal Container Freight Index (TDI) [2][3] Group 1: Container Shipping Market - The Northern International Container Freight Index (TCI) has been continuously rising, driven by increased shipments from U.S. factory traders and a significant recovery in market volume, leading to tight shipping capacity and substantial price increases. The TCI for routes from Tianjin to the U.S. West and East coasts rose by 14.32% and 11.93% week-on-week, respectively [2] - As of May 16, the TCI has increased by 73.13 points, representing a cumulative growth of 6.19% [2] Group 2: Bulk Shipping Market - The Northern International Bulk Freight Index (TBI) has shown a downward trend, with grain market freight rates continuing to decline while coal and metal ore rates have fluctuated upwards. Consequently, the TBI has increased by 13.71 points, with a cumulative growth of 1.38% since May 16 [2] Group 3: Coastal Container Shipping Market - The Coastal Container Freight Index (TDI) has experienced a slight decline, with outbound freight rates remaining stable. However, inbound freight rates have decreased slightly due to factors such as heavy rainfall in southern regions affecting construction material shipments and the seasonal decline in fertilizer transport. The TDI has decreased by 1.07 points, reflecting a cumulative decline of 0.09% since May 16 [3] Group 4: Index Publication and Methodology - The Tianjin Shipping Index is published by the Tianjin International Trade and Shipping Service Center on each working day, covering 27 international shipping routes connecting Tianjin Port, Qingdao Port, Caofeidian Port, and global ports, as well as domestic shipping routes to major Chinese ports. The index is based on a reference point of 1000 established on July 16, 2010 [3]

今日波罗的海干散货运价指数下跌，且周线回落，受巴拿马型和灵便型船运价指数下跌拖累。波罗的海 干散货运价指数下跌1点或0.1%，报1340点。该指数周线下跌3.5%。海岬型船运价指数上涨18点或1%， 至1990点，为5月16日以来最高，该指数周线下挫1.4%。海岬型船日均获利上涨152美元，至15757美 元。巴拿马型船运价指数下滑23点或1.8%，报1246点。周线下跌3.4%。巴拿马型船日均获利下跌201美 元，至11218美元。超灵便型散货船运价指数下跌3点，至983点。但周线仍然连续第三周上涨。灵便型 船运价指数上涨6点，至581点。 ...

今年前4个月，国铁太原局累计发送货物2.52亿吨，同比增长4.3%；日均装车29847车，同比增长6.5%； 集装箱日均装车6000箱，同比增长144.1%；非 煤货物运量达4023万吨，同比增长63%。 ...

金十期货5月22日讯，据外媒报道，波罗的海干散货运价指数上涨，终结连续三日下跌，因海岬型船需 求走强。波罗的海干散货运价指数上涨4点，或0.3%，报1341点。海岬型船运价指数上涨27点或1.5%， 至1882点。海岬型船日均获利上涨222美元，至15605美元。巴拿马型船运价指数下滑17点或1.3%，报 1269点。巴拿马型船日均获利下跌153美元，至11419美元。超灵便型散货船运价指数下跌2点，至986 点。灵便型船运价指数上涨10点，至574点。 波罗的海干散货运价指数上涨，终结连续三日下跌 ...