重点集装箱港口及关键枢纽监测 20260204 东证衍生品研究院航运分析师： 兰淅 从业资格号：F03086543 投资咨询号：Z0016590 数据点评 • 亚洲港口： 洋山港、外高桥远洋型集装箱船周均等泊时间/在泊时间分别为20.5小时/23.1小时、26.2小时/22.5小时，最新在锚/在泊集装 箱船数量达到22艘/32艘、40艘/31艘；宁波港远洋型集装箱船周均等泊时间/在泊时间为36.3小时/28.4小时，最新在锚/在泊集装箱船数 量为43艘/40艘。青岛远洋型集装箱船周均等泊时间/在泊时间为18.4小时/43.8小时；新加坡港远洋型集装箱船周均等泊时间/在泊时间为 1.4小时/28.2小时，最新在锚/在泊集装箱船数量为5艘/49艘，巴生港周均等泊时间/在泊时间为4.3小时/29.2小时，最新在锚/在泊集装 箱船数量为8艘/17艘。洋山平均周转时长约1.8天、宁波港约2.6天、盐田港约1.2天。出口旺季影响，国内港口持续承压，但总体处于可 控状态，随着春节临近，货量下行，港口压力有望逐步缓解。东南亚港口压力较前期显著缓解。新加坡港船舶平均在港时间为1.2天，巴生 港为1.4天。 • 欧洲港口： 鹿特 ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - Chinese ports are operating well, with recent improvements in export cargo volume and a slight increase in congestion at some ports [2]. - Port congestion in Southeast Asia has decreased compared to the previous period, but there is a risk of congestion recurring [2]. - The risk of strikes in European ports remains high, and congestion may worsen due to national strikes in Portugal and Italy, lower winter temperatures, and the arrival of peak - season cargo [2]. - North American ports are operating in good condition [2]. 3. Summary by Directory Data Review - **Asian Ports**: - Ocean - going container ships in Yangshan, Waigaoqiao, Ningbo, Qingdao, Singapore, and Port Klang have different average waiting times/berthing times and the latest number of container ships at anchor/berthed. For example, in Yangshan, the average waiting time/berthing time is 15.0 hours/27.8 hours, and the latest number of container ships at anchor/berthed is 10/29 [2]. - The average turnover time of Yangshan is about 1.9 days, Ningbo is about 2.1 days, and Yantian is about 1.1 days. The average time of ships in port in Singapore is 1.4 days, and in Port Klang is 1.6 days [2]. - The in - port duration of key ports shows different month - on - month and year - on - year changes. For example, the in - port duration of Yangshan is 44.5 hours, with a month - on - month increase of 11.2 hours and a year - on - year increase of 8.7 hours [6]. - **European Ports**: - Ocean - going container ships in Rotterdam, Antwerp, Hamburg, Bremen, and Valencia have different average waiting times/berthing times and the latest number of container ships at anchor/berthed. For example, in Rotterdam, the average waiting time/berthing time is 1.1 hours/43.2 hours, and the latest number of container ships at anchor/berthed is 4/33 [2]. - The average in - port duration of Antwerp is about 1.6 days, Rotterdam is 2.1 days, Hamburg is 3.1 days, and Bremen is 1.8 days [2]. - **North American Ports**: - Ocean - going container ships in Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston have different average waiting times/berthing times. North American ports are operating well [2]. Key Container Ports' In - Port Duration - The in - port duration of various ports shows different month - on - month and year - on - year changes. For example, the in - port duration of Yangshan is 44.5 hours, with a month - on - month increase of 11.2 hours and a year - on - year increase of 8.7 hours; the in - port duration of Rotterdam is 50.1 hours, with a month - on - month decrease of 13.8 hours and a year - on - year decrease of 15.6 hours [6]. Port Dynamic Tracking - **Asian Ports**: - The scale of container ships in port in China and Southeast Asia shows different trends over time, presented through data on the number of container ships at anchor/berthed in different ports [8][12][13]. - The average in - port time, average waiting time, and average berthing time of ocean - going container ships in Southeast Asian and Chinese container ports show different trends over time [17]. - **European Ports**: - The scale of container ships in port in Northwest Europe and the Mediterranean/Black Sea shows different trends over time, presented through data on the number of container ships at anchor/berthed in different ports [20][21]. - The average in - port time, average waiting time, and average berthing time of ocean - going container ships in Northwest European and Mediterranean container ports show different trends over time [24][28]. - **North American Ports**: - The number of container ships at anchor/berthed in North American ports shows different trends over time, and the average in - port time, average waiting time, and average berthing time of ocean - going container ships in US container ports show different trends over time [35][37]. Large - Ship Arrival and Key Hub Monitoring - The arrival situation of large - scale container ships in Yangshan, Ningbo, and Singapore ports shows different trends over time, divided by ship size (1.2 - 1.7w and 1.7w +) [42]. - The arrival situation of 1.2w + container ships of different alliances in Asia, Northwest Europe, and the Mediterranean shows different trends over time [42][45]. - The passage situation of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal shows different trends over time, presented through data on the number of container ships arriving and passing through [47][48].

Report Information - Report Title: Key Container Ports and Critical Hub Monitoring 20251202 [1] - Research Institute: Orient Securities Derivatives Research Institute [1] - Department: Black and Shipping [1] - Analyst: Lan Xi [1] - Qualification Number: F03086543 [1] - Investment Consultation Number: Z0016590 [1] Industry Investment Rating - No industry investment rating is provided in the report. Core Viewpoints - Chinese ports are operating well, but attention should be paid to the potential impact of increased cargo volume during peak seasons and winter fog on ports [2]. - Port congestion in Southeast Asia has intensified compared to the previous period [2]. - European ports have a lingering threat of strikes, and French ports are expected to hold a strike this week [2]. - North American ports are operating in good condition [2]. Summary by Directory Data Review - **Asian Ports**: Yangshan Port, Waigaoqiao Port, Ningbo Port, Qingdao Port, Singapore Port, and Port Klang have different average waiting times, berthing times, and the number of container ships at anchor and berthing. The average turnover time of Yangshan Port is about 1.4 days, Ningbo Port is about 2.2 days, and Yantian Port is about 1.4 days. The average time of ships in port in Singapore is 1.4 days, and in Port Klang is 2.2 days [2]. - **European Ports**: Rotterdam, Antwerp, Hamburg, Bremen, and Valencia have different average waiting times, berthing times, and the number of container ships at anchor and berthing. After a brief strike in Belgium last week, operations have officially resumed, but the threat of strikes in Europe remains. The average time of ships in port in Antwerp is about 1.8 days, Rotterdam is 2.1 days, Hamburg is 3.4 days, and Bremen is 1.5 days [2]. - **North American Ports**: Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston have different average waiting times, berthing times, and the number of container ships at anchor and berthing. North American ports are operating well [2]. Data Overview - The report provides the latest, month - on - month, year - on - year, monthly average, and the same period last year data of the time of key container ports in port, including Yangshan, Ningbo, Singapore, Port Klang, etc. [6] Asian Port Dynamic Tracking - The report shows the scale of container ships in port in China and Southeast Asia, and the number of container ships at anchor and berthing in some ports in Southeast Asia and China over time [9][12][15] - It also presents the average time of container ships in port, waiting time, and berthing time in Southeast Asia and China [19] European Port Dynamic Tracking - The report shows the scale of container ships in port in Northwest Europe and the Mediterranean/Black Sea, and the number of container ships at anchor and berthing in some ports in Northwest Europe and Valencia over time [22][25][26] - It also presents the average time of container ships in port, waiting time, and berthing time in Northwest Europe and the Mediterranean [29][37] North American Port Dynamic Tracking - The report shows the scale of container ships in port in North America East and West, and the number of container ships at anchor and berthing in Los Angeles & Long Beach and New York over time [41][46][48] - It also presents the average time of container ships in port, waiting time, and berthing time in the United States [43] Large - Ship Arrival and Key Hub Monitoring - The report shows the arrival situation of large - scale container ships at Yangshan Port, Ningbo Port, and Singapore Port, and the arrival situation of 1.2w+ container ships of different alliances in Asia, Northwest Europe, and the Mediterranean [50][53][57] - It also presents the passage situation of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal [55]