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原油、干散货吞吐量持续回升,集装箱吞吐量维持稳健 | 投研报告
Overview - The shipping and port industry is experiencing mixed trends in freight rates and cargo throughput, with some segments showing growth while others face declines [2][4][6][7]. Trade and Cargo Throughput - From January to August 2025, the total import and export volume in China reached 29.57 trillion yuan, a year-on-year increase of 3.5%, with exports growing by 6.9% to 17.61 trillion yuan and imports declining by 1.2% to 11.96 trillion yuan [2]. - Coastal major ports handled a total cargo throughput of 7.688 billion tons, up 3.1% year-on-year, with foreign trade cargo throughput increasing by 2.5% to 3.325 billion tons [2]. Container Shipping - The China Containerized Freight Index (CCFI) dropped to 1087.41 points, down 37.58% year-on-year, with significant declines in freight rates for routes to the US East Coast, US West Coast, and Europe [4]. - Container throughput at coastal major ports reached 20.646 million TEUs, a year-on-year increase of 6.5%, with Qingdao, Shanghai, Ningbo-Zhoushan, and Shenzhen showing growth rates of 7.4%, 5.3%, 9.6%, and 7.8% respectively [5]. Liquid Bulk Shipping - The Baltic Dirty Tanker Index (BDTI) stood at 1078 points on October 8, 2025, reflecting a year-on-year increase of 5.27% but a decline of 2.36% from the previous week [6]. - Crude oil imports from January to August 2025 totaled 376 million tons, a year-on-year increase of 2.5%, with notable declines in imports from the Middle East and Russia [6]. Dry Bulk Shipping - The Baltic Dry Index (BDI) reached 1963 points on October 8, 2025, marking a year-on-year increase of 9.12% despite a slight decline from the previous week [7]. - Iron ore throughput at major ports was 921 million tons from January to August 2025, up 2.57% year-on-year, while coal throughput saw a slight decline of 0.42% to 454 million tons [7].