Core Insights - The Ministry of Transport projects an average annual growth of approximately 15% in China's container rail-water intermodal transport volume by 2027 [1] - A new action plan titled "One Port, One Policy" has been issued to promote the deep integration of container rail-water intermodal transport from 2025 to 2027 [1] Group 1: Infrastructure Development - The Ministry of Transport will enhance infrastructure connectivity, focusing on accelerating the construction of railways for port access and promoting shared container yard facilities between railways and ports [1] - Efforts will be made to streamline railway access to ports and develop inland terminal systems [1] Group 2: Operational Efficiency - The plan emphasizes the need for coordinated intermodal operations to improve the efficiency of the entire supply chain [1] - Key initiatives include promoting centralized intermodal operations and enhancing the quality and efficiency of container intermodal products [1] Group 3: Standardization and Data Sharing - The Ministry aims to improve the standard system for container rail-water intermodal transport and promote collaborative development between ports and railways [1] - There will be a focus on enhancing information connectivity for container rail-water intermodal transport and developing a unified system for intermodal transport documentation [1] Group 4: Market Development - The Ministry will work on establishing a market pricing mechanism for container rail-water intermodal transport and improving customs clearance efficiency at ports [2] - The goal is to create premium rail-water intermodal transport routes [2]

Core Viewpoint - The Ministry of Transport of China projects an average annual growth of approximately 15% in container rail-water intermodal transport volume by 2027, driven by a new action plan aimed at optimizing transportation structure and reducing logistics costs [1][2]. Group 1: Infrastructure Development - The Ministry of Transport will enhance infrastructure connectivity, focusing on accelerating the construction of railways for port access, sharing container yard facilities between railways and ports, and improving inland terminal systems [1]. - Efforts will be made to streamline the railway access to ports and enhance the overall efficiency of the intermodal transport chain [1]. Group 2: Operational Efficiency - The plan emphasizes the promotion of intermodal operational integration, aiming to improve the quality and efficiency of container intermodal products [1]. - Support will be provided for initiatives such as "road to rail" and "bulk to container" transport, optimizing the connections for international container rail-water intermodal transport [1]. Group 3: Market Mechanism and Standardization - The Ministry will work on establishing a market pricing mechanism for container rail-water intermodal transport and enhancing customs clearance efficiency at ports [2]. - There will be a focus on developing a standardized system for container rail-water intermodal transport and promoting information sharing between ports and railways [1].

Price Trends - Shanghai Export Container Freight Index (SCFIS) for Europe route is at 1254.92 points, down 12.9% from the previous period[3] - Ningbo Export Container Freight Index (NCFI) for the comprehensive index is at 783.71 points, down 13.24% from the previous period[3] - SCFIS for the US West route is at 1193.64 points, down 11.6% from the previous period[3] - NCFI for the US West route is at 944.89 points, down 23.30% from the previous period[3] Economic Indicators - Eurozone August Manufacturing PMI preliminary value is 50.5, above the expected 49.5 and previous 49.8[4] - Eurozone August Services PMI preliminary value is 50.7, slightly below the expected 50.8 and previous 51[4] - Eurozone August Composite PMI preliminary value rises to 51.1, the highest since May 2024, improving for three consecutive months[4] Market Strategy - It is advised not to increase positions and to set stop-loss orders due to significant price fluctuations in the market[2] - The main contract closed at 1173.0 with a rise of 3.99% on September 25, with a trading volume of 389,000 lots[5] - The market is currently in a bottoming process, suggesting a cautious approach to trading and monitoring future price movements[5]

Core Insights - The Ministry of Transport, National Railway Administration, and China National Railway Group have issued an action plan for the deep integration of container rail-water intermodal transport, aiming for an average annual growth of approximately 15% in container intermodal transport volume by 2027 [1] - In the first seven months of 2025, China's total import and export volume reached 25.7 trillion yuan, a year-on-year increase of 3.5%, with imports at 10.39 trillion yuan (down 1.6%) and exports at 15.3 trillion yuan (up 7.3%) [1] - As of August 2025, the China Container Freight Index (CCFI) for export containers was 1156.32 points, reflecting a year-on-year decline of 42.74% and a month-on-month decrease of 1.58% [1] - The Shanghai Container Freight Index (SCFI) stood at 1445.06 points on August 29, 2025, showing a year-on-year drop of 53.35% but a month-on-month increase of 2.1% [1] - The domestic trade container freight index (PDCI) was recorded at 1080 points on August 22, 2025, indicating a year-on-year increase of 14.77% but a slight month-on-month decline of 1.01% [3] - Overall, container throughput performance remains stable, and the shipping port sector is rated as "positive" by the research analysis [3]

Core Viewpoint - The Ministry of Transport, National Railway Administration, and China National Railway Group have issued an action plan for the deep integration of container rail-water intermodal transport from 2025 to 2027, emphasizing the promotion of intermodal operation and collaboration among transportation enterprises [1] Group 1: Intermodal Operation Enhancement - The plan aims to strengthen the coordination of port-rail operations at qualified ports like Qingdao, supporting integrated management of railway and port operations [1] - It encourages the use of digital and intelligent methods to achieve rapid customs clearance and efficient loading and unloading, thereby reducing "short-distance" transport [1] - The quality and efficiency of intermodal products will be enhanced, with a focus on quality assessment of intermodal trains [1] Group 2: Development of Intermodal Products - The action plan includes the establishment of fixed train routes and the promotion of passenger train-like operations to create a "train + ship" intermodal network [1] - By 2027, the goal is to have a nationwide network of container rail-water intermodal fast lines covering major intermodal ports [1] - Key coastal regions and the Yangtze River trunk line will cultivate premium long-distance and short-distance intermodal products [1] Group 3: Support for "Road to Rail" and "Bulk to Container" Transport - The plan promotes collaboration between various ports and railways to expand the transportation of goods such as grain, fertilizers, and cement through "road to rail" initiatives [1] - It encourages innovation in unloading operations and facilities at inland stations and qualified factories to increase the scale of "bulk to container" transport [1] - The development of automobile transport via intermodal rail-water services is also highlighted [1] Group 4: Optimization of International Intermodal Connections - Ports like Dalian, Tianjin, and Guangzhou are tasked with enhancing the integration of sea routes with international rail services such as the China-Europe Railway Express [1] - The plan aims to improve customs inspection processes and enhance the timeliness of international container rail-water intermodal transport [1]