Group 1: Report Summary - The BDTI crude oil freight rate index closed at 1043 points on August 28, 2025, up 1.36% week-on-week and 14.48% year-on-year, with the increase widening [2]. - As of the week of August 22, the shipping volume showed a pattern of "three increases and one decrease." The shipping volume from the US increased by 54.34%, Russia by 0.27%, the UAE by 10%, and Saudi Arabia decreased by 14.1% [2]. - As of August 27, the passage volume of crude oil vessels in the Red Sea and Aden Gulf regions increased significantly [2]. - The significant increase in crude oil shipping volume from the US, Russia, and the UAE last week supported the rise of the BDTI freight rate index. The substantial increase in the passage volume of oil tankers in major seas this week indicates a significant month-on-month increase in crude oil shipping volume from the Middle East, supporting the widening increase of the BDTI freight rate index [2]. - An important event to watch is the Fed's interest rate cut expectation [2]. Group 2: BDTI Crude Oil Freight Rate Index Trend - As of August 28, 2025, the BDTI crude oil freight rate index closed at 1043 points, up 1.36% week-on-week and 14.48% year-on-year [2]. - From a seasonal perspective, the freight rate remained stable and increased this week, showing a gap compared to the same period in 2024 [2]. Group 3: Oil Tanker Shipping Distance - In the 32nd week of 2025 (as of August 15), the shipping distances of VLCC, Suezmax, and Aframax tankers all decreased month-on-month, with the VLCC showing the largest decrease. Specifically, the shipping distances of VLCC, Aframax, and Suezmax tankers decreased by 21.47%, 8.04%, and 8.01% respectively month-on-month. Compared with the same period last year, the shipping distances of all three tanker types decreased, with the VLCC showing the largest decrease [4]. Group 4: Oil Tanker Traffic in Red Sea and Aden Gulf - From August 23 - 27, 2025, the total passage volume of oil tankers in the Red Sea increased. The average passage volume of oil tankers in the Red Sea was 798, an increase of 7 compared to the previous week. Among them, the number of crude oil tankers decreased by 4, and the number of refined oil tankers increased by 11. Among the passing crude oil tankers, the number of VLCC decreased by 1, Suezmax by 4, and Aframax by 7 [6]. - The passage volume of oil tankers in the Aden Gulf increased significantly. The passage volume of oil tankers in the Aden Gulf was 117, an increase of 16 compared to the previous week. Among them, the passage volume of crude oil tankers increased by 4, and refined oil tankers by 8. Among the passing crude oil tankers, the number of VLCC increased by 1, Suezmax remained unchanged, and Aframax increased by 12 [6]. Group 5: Oil Tanker Capacity - As of August 22, 2025, 9426 oil tankers were dismantled, an increase of 1 week-on-week and 80 year-on-year; the number of effective vessels was 18331, an increase of 11 week-on-week and 447 year-on-year; the vessel delivery volume was 215, a decrease of 2 week-on-week and an increase of 98 year-on-year; the number of vessel orders was 1332, a decrease of 10 week-on-week and an increase of 108 year-on-year; the number of vessels under construction was 228, an increase of 12 week-on-week and 84 year-on-year [8]. - As of August 23, the port capacity of VLCC and Aframax tankers increased month-on-month, while that of Suezmax tankers decreased. Specifically, the number of docked VLCC tankers was 2381, an increase of 93; the number of docked Aframax tankers was 2846, an increase of 208; the number of docked Suezmax tankers was 2064, a decrease of 57 [8]. Group 6: Crude Oil Shipping Data Tracking - As of August 22, 2025, the crude oil shipping volume from the US, Russia, and the UAE increased month-on-month, while that from Saudi Arabia decreased. Specifically, the weekly US crude oil shipping volume rebounded significantly by 54.34%, Russia's by 0.27%, Saudi Arabia's decreased by 14.1%, and the UAE's rebounded by 10% [10]. - In terms of shipping tanker types for US crude oil, the shipping demand for VLCC increased by 91.79% month-on-month, Aframax by 43.19%, and Suezmax by 15.61% [10]. - For Russian crude oil, the shipping demand for Aframax increased by 17.53% month-on-month, while that for Suezmax decreased by 14.32% [10]. - For Saudi crude oil, the shipping demand for VLCC decreased by 11.87% month-on-month, Aframax decreased significantly by 25.59%, and Suezmax decreased significantly by 50% [10]. - For UAE crude oil, the shipping demand for VLCC increased by 15.65% month-on-month, Aframax increased significantly by 247.58%, and Suezmax decreased by 15.99% [10]. - The total crude oil shipping volume from other countries such as Kuwait, Iraq, Iran, Algeria, and Nigeria increased significantly this week, mainly due to the month-on-month increase in shipping volume from Nigeria, Kuwait, and Iran [28]. Group 7: Crude Oil Arrival - This week, the arrival volume of crude oil in India and the Netherlands increased month-on-month, with the arrival volume in the Netherlands higher than the same period last year. The arrival volume of crude oil in China was lower than the same period last year [29].

南华油品发运数据周报 ——原油发运量大幅增加，当周BDTI运价指数涨幅扩大 傅小燕 （投资咨询证号：Z0002675） 投资咨询业务资格：证监许可【2011】1290号 2025年8月8日 一、摘要 当周（8月4日~8月7日）BDTI原油运价指数收于1007点，环比上涨9.33%（涨幅扩大），同比上涨7.7%（由 跌转涨）。 截至8月1日当周，发运量"两降两增"。美国增20.37%、俄罗斯降4.83%、沙特增28.73%、阿联酋降 4.27%。 截至8月6日，区域船舶通行量上，红海区域原油船舶、亚丁湾区域原油船舶均增加，对油轮用船需求增加， 明显利多BDTI运价指数。 重要事件关注：OPEC+原油增产、全球经济预期、美国关税政策 二、BDTI原油运价指数走势：当周运价快速反弹超2024年同期 截至2025年8月7日，BDTI原油运价指数收于1007点，环比上涨9.33%，同比上涨7.7%。 从季节性走势看，当周运价明显上涨。 波罗的海运费指数：原油（BDTI） 波罗的海运费指数：原油（BDTI） 3000 波罗的海运费指数：原油（BDTI）季节性 2021 2022 2023 2024 2025 3000 s ...