Core Insights - The China Logistics and Purchasing Federation announced the April 2023 China Highway Logistics Price Index, indicating a recovery in logistics prices due to stable market demand [1] - The Highway Logistics Price Index for April reached 105 points, reflecting a month-on-month increase of 0.23% and a year-on-year increase of 2.09% [1] Index Breakdown - The index for different vehicle types showed mixed results month-on-month, but all categories experienced slight year-on-year growth [1] - The full truckload index, primarily driven by bulk commodities and regional transportation, reached 105.5 points, with a month-on-month increase of 0.29% and a year-on-year increase of 2.45% [1]

金十期货5月6日讯，波罗的海干散货运价指数周二下滑，因海岬型和巴拿马型船运价下降。波罗的海干 散货运价指数下跌15点，或1.06%，报1406点。海岬型船运价指数下降42点，至2037点。海岬型船日均 获利下滑344美元，至16897美元。巴拿马型船运价指数下跌8点，报1360点。巴拿马型船日均获利下跌 72美元，至12238美元。超灵便型散货船运价指数上升2点，至957点。 波罗的海干散货运价指数下跌，因海岬型及巴拿马型船运价下降 ...

Core Points - The Tianjin Shipping Index (TSI) slightly decreased to 1010.14 points in the 18th week of 2025, marking a decline of 5.63 points or 0.55% compared to the previous week [1][3] Group 1: Shipping Index Overview - The 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) [3][4] - In the 18th week, the Northern International Container Freight Index continued to decline, with a total drop of 20.54 points or 1.72%, influenced by weak performance in European, Mediterranean, and South American routes, while US and East African routes saw price increases [3] - The Northern International Bulk Freight Index showed a stable upward trend with a cumulative increase of 0.21%, driven by slight price increases in the coal market and continuous small increases in the metal ore market, despite a decline in the grain market [3] Group 2: Coastal Container Freight Index - The Coastal Container Freight Index stabilized with a cumulative increase of 0.17%, as the outbound freight index's decline narrowed significantly, indicating low market prices, while the inbound freight index saw a slight increase [3] - Prior to the May Day holiday, there was a concentration of market shipments, leading to a slight rise in freight prices in the Fujian market, while prices in East China and South China remained stable [3]

波罗的海干散货运价指数结束六日连涨 所有船型运费下跌 智通财经4月29日电，波罗的海干散货运价指数下跌，结束了连续六日的上涨，由于所有船型运费下 跌。波罗的海干散货运价指数下跌5点，或0.36%，报1398点。海岬型船运价指数下跌2点，至1978点。 海岬型船日均获利下跌12美元，至16408美元。巴拿马型船运价指数下跌6点，报1389点。巴拿马型船日 均获利下跌51美元，至12504美元。超灵便型散货船运价指数下跌8点，至967点。 ...

金十期货4月28日讯，据外媒报道，波罗的海干散货运价指数上涨至逾三周高位，由于大型船舶运费上 涨。波罗的海干散货运价指数上涨30点，或2.18%，报1403点。海岬型船运价指数上涨91点或4.8%，至 1980点，为4月7日以来最高水平。海岬型船日均获利上涨753美元，至16420美元。巴拿马型船运价指数 上涨3点，报1395点。该指数连续第九日上涨。巴拿马型船日均获利上涨27美元，至12555美元。超灵便 型散货船运价指数下跌2点，至975点。 波罗的海干散货运价指数升至三周高位，因大型船舶运费持坚 ...

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]

金十期货4月11日讯，波罗的海干散货运价指数周五小幅上涨，但周线连续第四周下滑，因巴拿马型船 和超灵便型船需求下降。波罗的海干散货运价指数上涨5点或0.4%，至1274点。不过，该指数本周下滑 逾14%。海岬型船运价指数上涨22点或1.2%，至1803点，连续第二周下滑。海岬型船日均获利上涨184 元，至14952美元。巴拿马型船运价指数下跌3点或0.3%，至1186点，连续第二周下滑，本周下跌逾 16%。巴拿马型船日均获利减少32美元，至10673美元。超灵便型散货船运价指数下跌2点至939点，连 续第三周下滑，本周下跌逾3%。 波罗的海干散货运价指数连续第四周下滑 ...

波罗的海干散货运价指数结束十三连跌 金十期货4月10日讯，波罗的海干散货运价指数上涨，结束十三连跌，受海岬型船运费上涨支撑。波罗 的海干散货运价指数上涨10点或0.8%，至1269点，为3月25日以来首次上升。海岬型船运价指数上涨49 点或2.8%，至1781点。海岬型船日均获利上涨401元，至14768美元。巴拿马型船运价指数下跌14点或 1.2%，至1189点，为3月12日以来最低水平。巴拿马型船日均获利减少119美元，至10705美元。超灵便 型散货船运价指数下跌7点至941点，触及近一个月最低水平。 ...