1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints of the Report - Shanghai and Ningbo ports' congestion has improved compared to the previous period, but the ship turnover time remains high. With the weakening of the shipping scale trend, the pressure on Chinese ports is expected to ease, but potential weather disturbances need attention. Southeast Asian port congestion pressure has significantly declined. [2] - In Europe, issues such as summer vacations, labor shortages, railway construction in Germany, and low water levels in the Rhine are still intensifying, leading to a continuous increase in port pressure. [2] - The overall congestion level of North American ports is controllable, and attention should be paid to subsequent port operation dynamics. [2] 3. Summary According to Relevant Catalogs 3.1 Data点评 - **Asian Ports**: Yangshan, Waigaoqiao, and Ningbo ports in China have different average waiting and berthing times for ocean - going container ships, with varying numbers of ships at anchor and in berth. Southeast Asian ports like Singapore and Port Klang also show different congestion situations. Chinese port congestion has improved, and Southeast Asian port pressure has dropped significantly. [2] - **European Ports**: Ports such as Rotterdam, Antwerp, and Hamburg in Europe have high average waiting and berthing times for ocean - going container ships. Problems like summer vacations, labor shortages, railway construction, and low river water levels are causing continuous pressure on European ports. [2] - **North American Ports**: Overall congestion in North American ports is controllable, with different average waiting and berthing times for ocean - going container ships in various ports. [2] 3.2 Data Overview - The report provides data on the in - port duration of key container ports, including month - on - month and year - on - year changes. For example, Yangshan Port's latest in - port duration is 47.0 hours, with a month - on - month increase of 6.0 hours and a year - on - year increase of 16.3 hours. [6] 3.3 Asian Port Dynamic Tracking - It presents data on the scale of container ships in ports in China and Southeast Asia, the number of container ships at anchor and in berth in different ports, and the average in - port, waiting, and berthing times of ocean - going container ships in Southeast Asian and Chinese ports. [8][16] 3.4 European Port Dynamic Tracking - It shows the scale of container ships in European ports, the number of container ships at anchor and in berth in major ports in north - western Europe and the Mediterranean, and the average in - port, waiting, and berthing times of ocean - going container ships in north - western European and Mediterranean ports. [19][27] 3.5 North American Port Dynamic Tracking - It provides data on the scale of container ships in North American ports, the number of container ships at anchor and in berth in some ports, and the average in - port, waiting, and berthing times of ocean - going container ships in US ports. [32][34] 3.6 Large - Ship Arrival Situation and Key Hub Monitoring - It shows the arrival situation of large - scale container ships at Yangshan, Ningbo, and Singapore ports, the arrival situation of 1.2w + container ships of different alliances in Asian, north - western European, and Mediterranean ports, and the passage situation of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal. [42][45][48]

Report Information - Report Title: Focus Container Ports and Key Hubs Monitoring 20250812 [1] - Research Institute: Orient Securities Derivatives Research Institute - Department: Black and Shipping Department - Analyst: Lan Xi - Qualification Number: F03086543 - Investment Consulting Number: Z0016590 Report Industry Investment Rating - Not provided in the report Core Viewpoints - In Asia, the congestion pressure in Chinese ports of Ningbo and Shanghai remains high due to the lingering impact of previous typhoons, but it is expected to ease with the weakening of shipping volume. Southeast Asian ports have seen a significant decline in congestion. In Europe, Antwerp's congestion has improved significantly, while other ports are under increasing pressure due to issues like summer vacations, labor shortages, railway construction, and low Rhine water levels. North American ports' overall congestion is under control [2]. Summary by Section Data Review - **Asia Ports**: Yangshan Port and Waigaoqiao have average waiting/berthing times of 21.7/26.7 hours and 39.9/23.2 hours respectively, with 18/32 and 48/26 ships at anchor/berthed. Ningbo Port has 37.2/27.5 hours and 51/35 ships. Qingdao has 11.4/24.8 hours. Singapore Port has 4.9/29.7 hours and 7/48 ships, and Port Klang has 2.0/23.4 hours and 4/22 ships. Yangshan, Ningbo, and Yantian Ports have average turnover times of about 2.0, 2.8, and 1.2 days respectively. Singapore and Port Klang have average ship stay times of 1.4 and 1.0 days [2]. - **European Ports**: Rotterdam, Antwerp, Hamburg, and Bremen have average waiting/berthing times of 8.2/43.9, 9.7/34.6, 11.4/49.5, and 31.2/43.5 hours respectively, with corresponding ships at anchor/berthed. Valencia has 4.4/34.3 hours and 11/7 ships. Antwerp's average stay time is about 1.8 days, Rotterdam 2.5 days, Hamburg 2.7 days, and Bremen 3.1 days [2]. - **North American Ports**: Long Beach, Los Angeles, and Tacoma have average waiting/berthing times of 0/122.8, 7.0/106.6, and 0/61.5 hours respectively. New York, Savannah, and Norfolk have 0/44.7, 28.4/32.7, and 5.4/24.4 hours respectively. Houston Port has 18.7/54.4 hours. Overall congestion in North American ports is controllable [2]. Data Overview - A table shows the latest, month-on-month, year-on-year, monthly average, and last-year figures of port stay times for multiple ports including Yangshan, Ningbo, Singapore, etc [6]. Asia Ports Dynamic Tracking - Charts show container ship volumes in Chinese and Southeast Asian ports, the number of container ships at anchor and berthing in some Southeast Asian and Chinese ports, and the average stay, waiting, and berthing times of ocean - going container ships in Southeast Asian and Chinese ports [8][10][17] European Ports Dynamic Tracking - Charts display container ship volumes in European ports, the number of container ships at anchor and berthing in some European ports, and the average stay, waiting, and berthing times of ocean - going container ships in Northwest European and Mediterranean ports [20][24][27] North American Ports Dynamic Tracking - Charts present container ship volumes in North American ports, the number of container ships at anchor and berthing in some North American ports, and the average stay, waiting, and berthing times of ocean - going container ships in US ports [33][35][37] Large Ship Arrival and Key Hubs Monitoring - Charts show the arrival of large container ships at Yangshan, Ningbo, and Singapore Ports, the arrival of 1.2w+ container ships of different alliances in Asia, Northwest Europe, and the Mediterranean, and the passage of container ships through the Cape of Good Hope, Suez Canal, and Panama Canal [43][46][49]

1. Report Industry Investment Rating - No information provided in the report. 2. Core Viewpoints of the Report - In Asian ports, affected by typhoons, the impact on ports in Ningbo and Shanghai has not been fully eliminated, and ship schedule delays are still relatively serious. With the weakening of the shipping scale, the pressure on Chinese ports is expected to ease, but potential weather disturbances need attention. The congestion in Port Klang has improved month - on - month, and the risk of rebound should be monitored. In European ports, Antwerp has achieved substantial improvement in port efficiency, while other ports still face the risk of worsening congestion. In North American ports, the overall congestion level is controllable, and subsequent port operation dynamics should be noted [2]. 3. Summary by Relevant Catalogs Data点评 - **Asian Ports**: The average waiting time/berthing time of ocean - going container ships in Yangshan, Waigaoqiao, Ningbo, Qingdao, Singapore, and Port Klang are reported, along with the latest number of container ships at anchor/berthed. The average turnover time of Yangshan is about 1.8 days, Ningbo about 2.0 days, and Yantian about 1.4 days. The average time in port for ships in Singapore is 1.4 days and in Port Klang is 1.2 days [2]. - **European Ports**: The average waiting time/berthing time of ocean - going container ships in Rotterdam, Antwerp, Hamburg, Bremen, and Valencia are provided, as well as the latest number of container ships at anchor/berthed. The average time in port for Antwerp is about 1.5 days, Rotterdam 2.2 days, Hamburg 3.0 days, and Bremen 2.8 days. Antwerp's port efficiency has improved, while other ports face congestion risks [2]. - **North American Ports**: The average waiting time/berthing time of ocean - going container ships in Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston are given. The overall congestion level in North American ports is controllable [2]. Data Overview - **Port in - port Duration Summary**: The latest period, month - on - month, year - on - year, monthly average, and the same period last year of the in - port duration of key container ports such as Yangshan, Ningbo, Singapore, Port Klang, etc. are presented [6]. Asian Port Dynamic Tracking - Data on the scale of container ships in port in China and Southeast Asia, the number of container ships at anchor and berthed in some ports in Southeast Asia and China, and the average time in port, waiting time, and berthing time of ocean - going container ships in Southeast Asian and Chinese container ports are shown through multiple charts [10][15][19]. European Port Dynamic Tracking - Data on the scale of container ships in port in Europe, the number of container ships at anchor and berthed in some ports in Northwest Europe and Valencia, and the average time in port, waiting time, and berthing time of ocean - going container ships in Northwest European and Mediterranean container ports are presented through multiple charts [22][23][28]. North American Port Dynamic Tracking - Data on the number of container ships at anchor and berthed in some ports in North America, the scale of container ships in port in North America, and the average time in port, waiting time, and berthing time of ocean - going container ships in US container ports are shown through multiple charts [39][42][43]. Large - ship Arrival Situation and Key Hub Monitoring - The arrival situation of large - scale container ships at Yangshan, Ningbo, and Singapore ports, the arrival situation of 12,000 + TEU container ships of different alliances in Asian, Northwest European, and Mediterranean ports, and the passage situation of container ships through the Cape of Good Hope, Suez Canal, and Panama Canal are reported [47][50][53].

1. Report Information - Report Title: Key Container Ports and Critical Hub Monitoring 20250729 [1] - Researcher: Lan Xi from the Black and Shipping Department of Orient Securities Derivatives Research Institute [1] - Qualification Number: F03086543 (Practice Qualification), Z0016590 (Investment Consultation) [1] 2. Core Viewpoints - In Asia, the superposition of typhoon season and export peak has continuously pressured the operation of domestic ports. Southeast Asian ports may face continuous congestion due to increased transfer demand. In Europe, ports will face continuous pressure of rising congestion in the next two months, but the overall congestion level is lower than the same period last year. In North America, the scale of ships in port has slightly increased, and the congestion level is generally controllable [2] 3. Data Analysis by Region Asia - **Port Operation Data**: The weekly average waiting time/berthing time of ocean - going container ships in Yangshan, Waigaoqiao, Ningbo, Qingdao, Singapore, and Port Klang are 15.7h/24.7h, 19.0h/20.7h, 11.2h/29.1h, 13.8h/44.3h, 4.5h/30.6h, and 10.2h/28.0h respectively. The average turnover time of Yangshan, Ningbo, and Yantian ports is about 1.8 days, 1.7 days, and 1.6 days respectively. The average time of ships in port in Singapore and Port Klang is 1.4 days and 1.6 days respectively [2] - **Congestion Situation**: Typhoons may affect ship berthing and operations in Ningbo and Shanghai ports, increasing the pressure of rising congestion. Port Klang's congestion has improved month - on - month but remains high [2] - **In - port Duration**: The latest in - port durations of Yangshan, Ningbo, Singapore, and Port Klang are 44.2h, 41.6h, 33.5h, and 38.3h respectively. The month - on - month changes are - 4.0h, 1.8h, 0.8h, and - 1.8h respectively [6] Europe - **Port Operation Data**: The weekly average waiting time/berthing time of ocean - going container ships in Rotterdam, Antwerp, Hamburg, Bremen, and Valencia are 9.2h/46.3h, 3.8h/37.9h, 16.1h/49.1h, 26.7h/53.3h, and 14.3h/34.2h respectively. The average in - port durations of Antwerp, Rotterdam, Hamburg, and Bremen are about 1.79 days, 2.1 days, 2.8 days, and 3.8 days respectively [2] - **Congestion Situation**: Problems such as summer vacations, labor shortages, railway construction in Germany, and low water levels in the Rhine will gradually emerge in the next two months, and ports will face continuous pressure of rising congestion. The overall congestion level is lower than the same period last year [2] - **In - port Duration**: The latest in - port durations of Rotterdam, Hamburg, Felixstowe, and Valencia are 49.8h, 67.3h, 41.5h, and 39.4h respectively. The month - on - month changes are - 6.0h, 7.8h, - 12.0h, and - 2.4h respectively [6] North America - **Port Operation Data**: The weekly average waiting time/berthing time of ocean - going container ships in Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston are 0h/107.9h, 3.4h/109.3h, 0h/69.5h, 1.1h/45.6h, 26.0h/36.8h, 6.5h/21.9h, and 15.2h/48.2h respectively [2] - **Congestion Situation**: The scale of ships in port in the US has slightly increased, and the in - port duration of some ports has slightly increased month - on - month, but the overall congestion level is controllable [2] - **In - port Duration**: The latest in - port durations of Long Beach, Los Angeles, New York, and Savannah are 113.1h, 103.4h, 47.1h, and 68.3h respectively. The month - on - month changes are - 1.5h, - 5.4h, 0.9h, and 23.5h respectively [6] 4. Large - ship Arrival and Key Hub Monitoring - **Large - ship Arrival**: The arrival situations of large - scale container ships in Yangshan, Ningbo, and Singapore ports are monitored, including different ship types (1.2 - 1.7w, 1.7w+). The arrival situations of 1.2w+ container ships of different alliances (Gemini, OA, PA + MSC) in Asia, Northwest Europe, and the Mediterranean are also monitored [47][50][54] - **Key Hub**: The passage situations of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal are monitored, including the number of arrivals and passage volumes [52][53]

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The report monitors key container ports and hubs globally. In Asia, typhoon season and export peak season are overlapping, putting continuous pressure on domestic port operations, with potential for worsening congestion in the short - term. In Southeast Asia, port congestion may persist due to increased transshipment demand. In Europe, issues like summer vacations, labor shortages, railway construction, and low river levels will likely lead to a resurgence of congestion in the next two months. In North America, the overall congestion is controllable, but the scale of ships in US ports is slightly increasing [2] 3. Summary by Relevant Catalogs Data点评 - **Asian Ports**: In China, Yangshan, Waigaoqiao, and Ningbo ports have different average waiting and berthing times for ocean - going container ships, with the latest number of anchored/berthed ships varying. The average turnover time in Yangshan is about 1.9 days, Ningbo about 1.5 days, and Yantian about 1.3 days. Ports in South China are closed due to typhoons, and those in East China are affected by strong winds, increasing congestion risk. In Southeast Asia, Port Klang's congestion has improved but remains high, and Singapore's average ship stay is 1.3 days, while Port Klang's is 1.7 days [2] - **European Ports**: Ports like Rotterdam, Antwerp, Hamburg, and Bremen in Europe have different average waiting and berthing times for ocean - going container ships, with varying numbers of anchored/berthed ships. Issues such as summer vacations, labor shortages, railway construction, and low Rhine River levels will cause congestion to rise in the next two months, although the current congestion is less severe than last year. Attention should be paid to German ports and Rotterdam [2] - **North American Ports**: In the US, ports on the West Coast and East Coast have different average waiting and berthing times for ocean - going container ships. The scale of ships in US ports is slightly increasing, but the overall congestion is controllable. The stay time of ships on the West Coast has slightly increased, while that on the East Coast has no obvious change. Future port operation dynamics should be monitored [2] Data Overview - **Port in - port Duration**: The latest in - port durations, month - on - month, year - on - year changes, monthly averages, and durations of the same period last year are provided for multiple ports, including Yangshan, Ningbo, Singapore, Port Klang, etc. For example, Yangshan's latest in - port duration is 45.6 hours, with a month - on - month decrease of 3.4 hours and a year - on - year increase of 18.4 hours [6] Asian Port Dynamic Tracking - **Container Ship Scale**: Data on the scale of container ships in ports in China and Southeast Asia are presented, including the number of anchored and berthed ships in different ports over time [8][11][14] - **Average Time**: The average in - port, waiting, and berthing times of ocean - going container ships in Southeast Asian and Chinese container ports are shown over time [17] European Port Dynamic Tracking - **Container Ship Scale**: The scale of container ships in European ports, including those in Northwest Europe and the Mediterranean/Black Sea regions, and the number of anchored and berthed ships in major Northwest European ports are provided [20] - **Average Time**: The average in - port, waiting, and berthing times of ocean - going container ships in Northwest European and Mediterranean container ports are presented over time [27][31] North American Port Dynamic Tracking - **Container Ship Scale**: The number of anchored and berthed ships in some North American ports, and the scale of container ships in North American East and West ports are shown [35][39] - **Average Time**: The average in - port, waiting, and berthing times of ocean - going container ships in US container ports are provided over time [40] Large - ship Arrival and Key Hub Monitoring - **Large - ship Arrival**: The arrival situations of large - scale container ships (1.2 - 1.7w and 1.7w +) at Yangshan, Ningbo, and Singapore ports, and the arrival situations of 1.2w + container ships of different alliances (Gemini, OA, PA + MSC) in Asia, Northwest Europe, and the Mediterranean are presented [44][47][53] - **Key Hub**: The passage situations of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal are shown, including the number of arriving and passing ships and the container throughput [50][51]

Report Title - Focused Container Port and Key Hub Monitoring 20250716 [1] Report Author - Lan Xi from the Black and Shipping Department of Orient Securities Derivatives Research Institute [1] Report Industry Investment Rating - Not provided Core Viewpoints - In Asia, the superposition of typhoon season and export peak will continue to put pressure on domestic port operations, and the congestion pressure in Southeast Asian ports has rebounded after a brief easing [2]. - In Europe, issues such as summer vacations, labor shortages, railway shutdowns in Germany, and low water levels in the Rhine will gradually emerge in the next two months, causing European ports to face continuous pressure of increased congestion [2]. - In North America, the scale of ships in US ports has slightly increased, but the overall congestion level is still controllable, with a slight increase in the duration of ships in ports on the west coast and no significant change on the east coast [2]. Summary by Directory Data Review - **Asia Ports** - Yangshan Port: The weekly average waiting time/berthing time of ocean - going container ships is 18.2 hours/24.9 hours, with 23/32 ships at anchor/berthing. The average turnover time is about 2 days [2]. - Ningbo Port: The weekly average waiting time/berthing time is 14.3 hours/25.4 hours, with 17/39 ships at anchor/berthing. The average turnover time is about 2 days [2]. - Qingdao Port: The weekly average waiting time/berthing time is 34.5 hours/42.1 hours, and the average turnover time exceeds 3 days [2]. - Singapore Port: The weekly average waiting time/berthing time is 2.2 hours/30.1 hours, with 2/42 ships at anchor/berthing. The average time in port is 1.3 days [2]. - Port Klang: The weekly average waiting time/berthing time is 19.6 hours/34.8 hours, with 8/20 ships at anchor/berthing. The average time in port is 2.3 days [2]. - **European Ports** - Rotterdam, Antwerp, Hamburg, and Bremen: The weekly average waiting time/berthing time of ocean - going container ships are 14.4 hours/49.4 hours, 19.0 hours/36.3 hours, 11.2 hours/43.1 hours, and 28.1 hours/47.4 hours respectively, with 3/21, 3/20, 2/18 ships at anchor/berthing [2]. - Valencia: The weekly average waiting time/berthing time is 2.7 hours/40.9 hours, with 7/8 ships at anchor/berthing [2]. - The average time in port of Antwerp, Rotterdam, Hamburg, and Bremen are about 2.6 days, 2.5 days, 2.2 days, and 2.8 days respectively [2]. - **North American Ports** - Long Beach, Los Angeles, and Tacoma: The weekly average waiting time/berthing time of ocean - going container ships are 0 hours/127.2 hours, 6.6 hours/123.4 hours, and 15.7 hours/84.0 hours respectively. There are 0 ships at anchor in Long Beach and Los Angeles, and 19 ships berthing [2]. - New York, Savannah, and Norfolk: The weekly average waiting time/berthing time are 1.3 hours/46.0 hours, 13.3 hours/31.2 hours, and 6.7 hours/23.4 hours respectively. There is 1/10 ship at anchor/berthing in New York [2]. - Houston Port: The weekly average waiting time/berthing time is 0 hours/51.0 hours [2]. Data Overview - The latest average time in port of various ports, monthly and annual comparisons are presented. For example, Yangshan Port's latest time in port is 44.0 hours, with a monthly decrease of 9.0 hours and an annual increase of 19.1 hours [6]. Asian Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in Asian ports are provided [10][17] European Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in European ports are provided [20][26] North American Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in North American ports are provided [36][40] Large Ship Arrival and Key Hub Monitoring - Data on the arrival of large - scale container ships at key ports such as Yangshan, Ningbo, and Singapore, and the arrival of 12,000 + container ships of different alliances in Asia, Northwest Europe, and the Mediterranean are provided [44][47] - Data on the passage of container ships through the Cape of Good Hope, Suez Canal, and Panama Canal are provided [50][51]

Report Information - Report Title: Key Container Ports and Critical Hubs Monitoring 20250709 [1] - Research Institute: Orient Securities Derivatives Research Institute - Department: Black and Shipping Department - Analyst: Lan Xi - Qualification Number: F03086543 - Investment Consulting Number: Z0016590 Core Viewpoints - In Asia, the superposition of typhoon season and export peak season will continue to put pressure on domestic port operations. The average stay time of ships in Qingdao and Yangshan Port is increasing, and port congestion in South China has slightly worsened. Congestion in Southeast Asia has significantly improved, and port operations are expected to cool down. [4] - In Europe, the previous strikes have continuously affected the operation of Antwerp Port. High - temperature weather, low Rhine water levels, and German railway construction have led to high utilization rates of German port yards and slow ship operations. Summer vacations and labor shortages will increase the risk of congestion in European ports. [4] - In North America, the scale of ships in the ports of the western United States has slightly increased, but the overall congestion is controllable, and the stay time of ships in ports has not significantly extended. [4] Data Summary 1. Port Ship Stay Time | Port Region | Latest Period (hours) | Month - on - Month Change (hours) | Year - on - Year Change (hours) | Monthly Average (hours) | Last Year's Same Period (hours) | | --- | --- | --- | --- | --- | --- | | Yangshan, China | 53.8 | 4.3 | 24.2 | 49.5 | 29.6 | | Ningbo, China | 42.0 | 1.9 | 4.5 | 40.1 | 37.6 | | Singapore, Southeast Asia | 35.3 | 3.8 | 1.4 | 31.4 | 33.9 | | Port Klang, Southeast Asia | 27.1 | - 22.1 | - 45.3 | 49.2 | 72.3 | | Busan, South Korea | 27.3 | - 4.1 | - 5.1 | 31.4 | 32.4 | | Rotterdam, Northwest Europe | 51.5 | - 6.2 | - 6.2 | 57.7 | 57.7 | | Hamburg, Northwest Europe | 68.6 | 10.1 | 8.9 | 58.6 | 59.8 | | Felixstowe, Northwest Europe | 55.1 | - 4.0 | - 1.0 | 59.1 | 56.1 | | Valencia, Mediterranean | 38.8 | - 3.9 | - 8.9 | 42.7 | 47.8 | | Piraeus, Mediterranean | 53.6 | - 5.0 | 4.4 | 58.5 | 49.2 | | Long Beach, Western US | 101.7 | - 6.9 | - 2.1 | 108.6 | 103.8 | | Los Angeles, Western US | 108.1 | 6.8 | 10.4 | 101.3 | 97.7 | | New York, Eastern US | 48.2 | 4.9 | - 15.1 | 43.3 | 63.3 | | Savannah, Eastern US | 49.0 | 3.3 | - 25.5 | 45.7 | 74.5 | | Santos, South America | 71.5 | 25.4 | - 32.3 | 46.1 | 103.7 | [7] 2. Port Ship Quantity and Waiting/Staying Time - **Asia**: Yangshan Port, Waigaoqiao, Ningbo Port, Qingdao, Singapore Port, and Port Klang have different numbers of ships at anchor/berth and average waiting/staying times. For example, Yangshan Port's average waiting/staying times are 29.6 hours/24.9 hours, and the latest number of ships at anchor/berth is 7/23. [4] - **Europe**: Ports such as Rotterdam, Antwerp, Hamburg, Bremen, and Valencia also have corresponding data. For example, Rotterdam's average waiting/staying times are 12.9 hours/41.4 hours, and the latest number of ships at anchor/berth is 3/29. [4] - **North America**: Ports like Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston have their own data. For example, Long Beach's average waiting/staying times are 0 hours/116.2 hours, and the number of ships at anchor/berth is 2/26. [4] 3. Large - Ship Arrival and Key Hub Monitoring - The arrival situations of large - scale container ships at ports such as Yangshan Port, Ningbo Port, and Singapore Port are monitored, including different ship - size categories (e.g., 1.2 - 1.7w and 1.7w+). [37] - The arrival situations of 1.2w+ container ships of different alliances (Gemini, OA, PA + MSC) at ports in Asia, Northwest Europe, and the Mediterranean are also monitored. [40][45] - The passage situations of container ships through key hubs such as the Cape of Good Hope, Suez Canal, and Panama Canal are presented, including the number of ships and container throughput. [42]

Report Information - Report Title: Key Container Ports and Critical Hub Monitoring 20250626 [1] - Research Institute: Orient Futures Derivatives Research Institute - Department: Black and Shipping - Analyst: Lan Xi - Qualification Number: F03086543 - Investment Consulting Number: Z0016590 Report Core View - The operation of domestic ports will continue to be under pressure due to the superposition of typhoon season and export peak season. European ports still face potential congestion risks, and the scale of ships in US West ports has increased, but the congestion is currently controllable [2]. Data Review Asia Ports - **Container Ship Dwell Time and Quantity**: In Yangshan Port and Waigaoqiao, the weekly average waiting time/berthing time of ocean - going container ships are 21.7 hours/23.8 hours and 1.0 hour/20.3 hours respectively, with the latest number of container ships at anchor/berthed being 27/29 and 22/27. In Ningbo Port, they are 14.7 hours/25.8 hours, and 28/34. In Qingdao Port, 28.5 hours/49.2 hours. In Singapore Port, 1.0 hour/28.7 hours, and 8/48. In Port Klang, 5.3 hours/31.3 hours, and 4/20 [2]. - **Congestion Situation**: Affected by fog and big waves, the congestion in Qingdao Port has deteriorated significantly. Although the congestion in Shanghai and Ningbo areas has improved, the ship dwell time in port is still at an absolute high. Affected by Typhoon No. 1, ports in South China have been shut down, and the congestion and ship - schedule delays have worsened. There is a risk of further deterioration due to the possible formation of Typhoon No. 3. Port Klang's congestion has eased, but there is a risk of recurrence, and the congestion pressure in Singapore Port has increased [2]. Europe Ports - **Container Ship Dwell Time and Quantity**: In Rotterdam, Antwerp, Hamburg, and Bremen, the weekly average waiting time/berthing time of ocean - going container ships are 13.2 hours/48.8 hours, 15.7 hours/37.2 hours, 9.3 hours/48.4 hours, and 3.4 hours/37.3 hours respectively, with the latest number of container ships at anchor/berthed being 4/28, 10/10, 4/12. In Valencia, they are 7.7 hours/35.5 hours, and 3/10 [2]. - **Congestion Situation**: Most ports in Northwest Europe have better congestion conditions than the same period last year, but only Antwerp and Bremen still have relatively serious congestion. However, the risks in European ports remain, as planned strikes in Belgium, railway construction in Germany, and the upcoming summer holidays all indicate potential pressure for increased congestion [2]. North America Ports - **Container Ship Dwell Time and Quantity**: In Long Beach, Los Angeles, and Tacoma, the weekly average waiting time/berthing time of ocean - going container ships are 0 hours/95.4 hours, 2.8 hours/105.6 hours, and 0 hours/91.2 hours respectively. The number of container ships at anchor in Long Beach and Los Angeles is 0, and the number of berthed container ships is 22. In New York, Savannah, and Norfolk, they are 2.9 hours/41.3 hours, 4.2 hours/35.8 hours, and 17.1 hours/23.1 hours respectively. In New York, the number of container ships at anchor/berthed is 0/9. In Houston Port, they are 6.7 hours/47.6 hours [2]. - **Congestion Situation**: Affected by the concentrated arrival of goods, the scale of ships in US West ports has increased, but the current congestion is controllable, and the ship dwell time in port has not significantly extended [2]. Key Container Ports Dwell Time - The report provides the latest period, monthly average, year - on - year, and month - on - month data of the dwell time of key container ports such as Yangshan, Ningbo, Singapore, and Rotterdam [5]. Port Dynamic Tracking - **Asia**: It shows the in - port scale of container ships in China and Southeast Asia, and the average in - port time, waiting time, and berthing time of container ports [8][16] - **Europe**: It presents the in - port scale of container ships in Northwest Europe and the Mediterranean/Black Sea, and the average in - port time, waiting time, and berthing time of container ports [19][27] - **North America**: It displays the in - port scale of container ships in North America, and the average in - port time, waiting time, and berthing time of container ports [39][41] Large - Ship Arrival and Key Hub Monitoring - It monitors the arrival situation of large - container ships in ports such as Yangshan, Ningbo, and Singapore, and the arrival situation of 1.2w+ container ships of different alliances in Asia, Northwest Europe, and the Mediterranean [45][48] - It also monitors the passage conditions of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal [50]

Report Information - Report Title: Key Container Ports and Key Hubs Monitoring 20250619 [1] - Research Institute: Orient Securities Derivatives Research Institute - Department: Black and Shipping Department - Analyst: Lan Xi - Qualification Number: F03086543 - Investment Consulting Number: Z0016590 Core Viewpoints - Seasonal typhoons have led to a resurgence of congestion in the Yangtze River Delta ports, with a slight increase in the waiting time for ships at Yangshan Port. Port Klang continues to operate at full capacity, maintaining high congestion levels. With the approaching global shipping peak season, ports will face continued pressure [2] - Congestion in Northwest Europe has slightly eased compared to the previous period, but congestion at the Port of Antwerp remains high. A national strike will be held at the port on the 25th of this month, which may further impact its operations [2] - North American ports are operating well. It is expected that the volume of goods arriving in the US will continue to increase starting this week. Attention should be paid to whether regional congestion will occur [2] Port Data Summaries Asian Ports - **Ship Time Data**: Yangshan Port's weekly average waiting/berthing time for ocean - going container ships is 36.6 hours/25.1 hours, with 27/31 ships at anchor/berthed. Ningbo Port's corresponding times are 16.7 hours/25.4 hours, with 14/35 ships at anchor/berthed. Qingdao's are 18.6 hours/24.9 hours. Singapore Port's are 2.8 hours/28.1 hours, with 5/44 ships at anchor/berthed. Port Klang's are 29.4 hours/29.6 hours, with 12/21 ships at anchor/berthed [2] - **In - port Duration Data**: The latest in - port durations for Yangshan, Ningbo, Singapore, Port Klang, and other ports are 60.0 hours, 55.4 hours, 30.9 hours, 57.1 hours, etc., with corresponding year - on - year and month - on - month changes [6] European Ports - **Ship Time Data**: Rotterdam, Antwerp, Hamburg, and Bremen's weekly average waiting/berthing times for ocean - going container ships are 3.3 hours/44.2 hours, 26.6 hours/34.7 hours, 15.1 hours/51.9 hours, 11.8 hours/41.3 hours respectively. Valencia's are 5.7 hours/36.6 hours [2] - **In - port Duration Data**: Rotterdam, Hamburg, and other ports have corresponding in - port durations and changes compared to the same period last year and the previous month [6] North American Ports - **Ship Time Data**: Long Beach, Los Angeles, and Tacoma's weekly average waiting/berthing times for ocean - going container ships are 0 hours/149.1 hours, 0 hours/98.9 hours, 0 hours/74.1 hours respectively. New York, Savannah, and Norfolk's are 0 hours/36.8 hours, 16.7 hours/35.1 hours, 10.6 hours/23.7 hours respectively. Houston Port's are 19.1 hours/53.5 hours [2] - **In - port Duration Data**: Long Beach, Los Angeles, New York, and other ports have corresponding in - port durations and changes compared to the same period last year and the previous month [6] Other Monitoring Data - **Large - ship Arrival Situation**: The report monitors the arrival situations of large - scale container ships at ports such as Yangshan Port, Ningbo Port, and Singapore Port, including the arrival numbers of ships with different tonnages [42] - **Key Hub Monitoring**: Monitors the passage situations of container ships at key hubs such as the Cape of Good Hope, Suez Canal, and Panama Canal [48]

Group 1: Tariff Changes - The U.S. Department of Commerce announced a 50% tariff on various steel household appliances starting June 23, including dishwashers, washing machines, and refrigerators, classified as "steel derivative products" [2] - The tariff will be calculated based on the value of the steel components in each product, for example, a washing machine valued at $1,000 with $300 in steel components will incur a tariff of $150 [2] Group 2: Port Congestion - Congestion is reported at several ports, including Los Angeles, where APM has fewer container pickups and ETS has limited access to closed areas [3] - In Toronto, Prince Rupert and Vancouver are experiencing congestion, with train loading times increasing by 2-3 weeks and delays of 3-4 days for train arrivals [6] Group 3: End-User Challenges - Amazon is facing significant backlog issues, with various locations reporting delays in booking and fulfillment, particularly in the West Coast [3][9] - In Vancouver, specific warehouses are experiencing strict size and weight restrictions, leading to increased rejection rates for oversized packages [7] Group 4: Compliance and Regulations - The Shenzhen Maritime Safety Administration is intensifying efforts to combat false declarations of hazardous cargo, especially under extreme weather conditions [4] - Companies are advised to ensure compliance with regulations regarding hazardous materials to avoid penalties [4]