Core Viewpoint - The company announced that its indirect controlling shareholder, Chongqing Logistics Group Co., Ltd., will transfer 67% of its shares to Chongqing Development Investment Co., Ltd. without compensation, following approval from the Chongqing Municipal Government. This transfer will introduce a new indirect controlling shareholder, but the company's controlling shareholder and actual controller remain unchanged [1] Group 1 - The transfer of 67% of shares is approved by the Chongqing Municipal Government [1] - The new indirect controlling shareholder will be Chongqing Development Investment Co., Ltd., which is 100% owned by the Chongqing State-owned Assets Supervision and Administration Commission [1] - The company's controlling shareholder and actual controller will not change as a result of this transfer [1]

（来源：航运界） 来源：航运界 航运界网消息，近日，招商局港口控股有限公司（证券代码：00144，以下简称"招商局港口"）发布公 告，宣布与买方和卖方于2025年11月27日订立经修订及重列的购股协议，涉及收购位于巴西里约热内卢 州阿苏港的VAST原油码头项目70％权益。 根据修订后的协议，买方在交割时应付的购买价调整为3.5亿美元（约27.3亿港元），但不得超过5.96亿 美元（约46.52亿港元）。 据了解，VAST码头是巴西唯一可接卸VLCC开展原油过驳作业的非巴西国家石油公司营运的私营石油 码头，巴西约30%的原油出口通过该码头运输，平均每天处理约56万桶原油。目前，其许可处理能力为 每天120万桶，这些原油通过位于里约热内卢北部的设施运输。 据悉，此次修订主要包括截止日期和代价的调整，截止日期延长至2026年11月28日，预计交割将比原定 时间延迟约一年。 ...

宁波港（601018）(601018.SH)发布公告，2025年11月份，公司预计完成集装箱吞吐量449万标准箱，同 比增长10.8%;预计完成货物吞吐量9970万吨，同比增长7.8%。 ...

原标题：构建全链条多维度海洋金融服务体系 "金融+海洋"：青岛加速引"金"入海 打造现代海洋经济发展高地，高效、精准、多元的金融支持必不可少，加速引"金"入海，成为青岛金融 业的耀眼亮色。 记者自市委金融办获悉，今年以来，全市金融机构聚焦"4+4+2"现代海洋产业体系，持续构建"全链条、 多维度"的蓝色金融服务体系，不断拓宽"金融+海洋"的融合边界，多措并举提升金融服务质效。 截至三季度末，青岛主要银行机构涉海贷款余额1478.99亿元，较年初增长39.70%。 打造海洋金融"生态圈" 作答服务海洋经济这道题，需政银企协同发力，构建适宜的生态圈，为青岛海洋经济发展注入源源不断 的金融"活水"。 今年以来，青岛持续完善服务海洋经济的政策制度体系，出台《青岛市金融支持实体经济高质量发展行 动方案》，将现代海洋产业体系纳入重点支持方向，引导更多金融资源投入海洋产业；市委金融办联合 青岛金融监管局、市海洋发展局等部门印发《关于推动青岛海洋保险高质量发展的指导意见》《关于青 岛银行业保险业支持海洋经济高质量发展的指导意见》，提出26项支持举措，鼓励银行保险机构健 全"金融+海洋"融合服务体系，构建海洋经济高质量发展良好 ...

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]

Core Points - The Greek decision on November 27 allows the American company Onex to acquire 40 hectares of land at Elefsina Port, expanding its operations from shipbuilding to logistics and defense, which is strategically located near the Chinese-operated Piraeus Port [1][2] - Greek Development Minister Takis' statement about strengthening strategic cooperation with the U.S. is seen as a move to counter China's influence in the Mediterranean, indicating a geopolitical calculation behind the economic transformation [1][2] Group 1: Economic Implications - Greece's economy has been struggling due to a debt crisis, and the Elefsina shipyard was on the brink of bankruptcy before Onex's acquisition, which brought in $125 million in financing [2] - The expansion aims to transform the port into an energy hub and create jobs through defense and logistics operations, reflecting Greece's strategy to leverage foreign investment for development [2][4] Group 2: Strategic Risks - The competition and security risks posed by Chinese operations at Piraeus Port are highlighted, as Elefsina Port's proximity to military bases could allow the U.S. to monitor Chinese activities, creating potential operational challenges for Chinese investments [2][3] - The U.S. aims to establish a network of Mediterranean ports, including Elefsina, Volos, and Alexandroupolis, to limit Chinese influence in Southern Europe, which could complicate future Chinese acquisitions in Europe [3][5] Group 3: Geopolitical Dynamics - The U.S. strategy involves using capital to gain control over Greek port resources while simultaneously establishing military and logistics capabilities to counter China in the Mediterranean [5][6] - The Greek parliament's unanimous support for the port deal reflects the political pressure from the U.S., as Greece, being a NATO member, relies heavily on American military and security support [5][6] Group 4: Comparative Analysis - In contrast to Greece's cautious approach, Italy has embraced Chinese investment in its ports, leading to significant growth in port throughput, showcasing a different strategy in handling foreign investments [5][6] - The U.S. port strategy in the Mediterranean not only targets China but also aims to replace Russia's energy influence, particularly in the context of the Alexandroupolis port [6][9] Group 5: Future Considerations - The key for China lies in deepening cooperation with Piraeus Port and other Mediterranean countries to avoid being encircled by U.S. port investments, emphasizing the importance of strategic partnerships [6][9] - The ongoing geopolitical maneuvering in the Mediterranean reflects broader global power dynamics, with implications for the Belt and Road Initiative and regional economic cooperation [9]

股票代码：600279 股票简称：重庆港 公告编号：临2025－039号 重庆港股份有限公司关于投资建设 江津港现代化多式联运集疏运 能力提升项目（二期改扩建工程）的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要提示： ● 项目名称：江津港现代化多式联运集疏运能力提升项目（二期改扩建工程） 预估项目总投资为29,884.33万元。 （三）项目建设规模及内容 ● 投资金额：预估项目总投资为29,884.33万元 一、概述 2025年11月28日，重庆港股份有限公司（以下简称"公司"）第九届董事会第十一次会议审议通过《关于 新增江津港现代化多式联运集疏运能力提升项目（二期改扩建工程）投资计划并立项的议案》，为满足 江津港区远期发展的需要，全力打造西南地区规模最大的公用粮食、粮油集散中转基地，同意新增江津 港现代化多式联运集疏运能力提升项目（二期改扩建工程）投资计划并立项，预估项目总投资为 29,884.33万元，同时要求江津港埠分公司积极争取项目政策性补贴，合理控制项目贷款比例。表决结果 为：同意9票，反对0票， ...

Core Insights - The A-share port and shipping companies have experienced a strong surge in stock prices due to increased international shipping rates and a significant rise in container shipping index futures [1][2] - The shipping industry in China has received continuous policy support, with 14 companies reporting net profit growth in the first three quarters of the year, with some exceeding their total net profit from the previous year [1][4] Group 1: Stock Performance - On December 1, A-share port and shipping stocks collectively surged, with the industry index closing up 2.84% and over 1.6 billion yuan of net inflow from major funds into the sector [2] - Individual stocks such as China Merchants Energy (招商轮船) rose by 9.65%, reaching a historical high, while COSCO Shipping Energy (中远海能) and COSCO Shipping Specialized (中远海特) increased by 6.71% and 5.19% respectively [2] Group 2: Market Dynamics - Major shipping companies, including Mediterranean Shipping Company and CMA CGM, announced rate increases for multiple international routes starting December 1 [2] - The container shipping index for European routes saw a continuous rise, with the main contract increasing by 6.74% on November 28 and further gains on December 1 [2] - The Baltic Dry Index (BDI) rose by 3.23% on November 28, marking 12 consecutive trading days of increases [2] Group 3: Industry Outlook - The shipping industry is benefiting from favorable policies, including initiatives for high-quality development of inland shipping and the promotion of green shipping corridors [3] - Local governments, such as Shanghai, are implementing plans to develop modern shipping service systems and enhance international hub port capabilities [3] - Analysts predict that the shipping industry's investment logic will continue to focus on supply-demand gaps, with low supply growth and potential demand increases [3] Group 4: Company Performance - Among the 35 listed companies in the port and shipping sector, 14 reported year-on-year net profit growth in the first three quarters, with notable increases from Antong Holdings (安通控股) at 311.77%, Jinjiang Shipping (锦江航运) at 64.76%, and Liaoning Port (辽港股份) at 37.51% [4] - Antong Holdings achieved a net profit of 664 million yuan in the first three quarters, surpassing its total net profit for 2024, primarily through domestic container logistics [4] - Jinjiang Shipping reported a net profit of 1.185 billion yuan, also exceeding its total net profit for 2024, with steady growth in container shipping volumes in the Asian region [4][5]

Market Overview - The Hong Kong stock market opened positively on December 1, with the Hang Seng Index rising by 0.67% to surpass the 26,000-point mark, while the National Enterprises Index and Hang Seng Technology Index increased by 0.47% and 0.82% respectively, indicating overall stable market sentiment [1][3]. Sector Performance - Major technology stocks experienced upward trends, with NetEase rising nearly 4%, Alibaba increasing over 2%, and Baidu and Tencent both gaining over 1.3%. JD.com saw a slight increase of 0.52%, while Meituan fell nearly 3% [3]. - The commodities sector saw significant gains, driven by rising copper and silver prices, with China Silver Group surging by 14% and China Nonferrous Mining rising over 10%. China Gold International and Jiangxi Copper also showed strong performance [3]. - The Baltic Dry Index (BDI) reached a nearly two-year high, leading to expanded gains in port shipping stocks in the afternoon session [3]. Emerging Trends - The People's Bank of China made a significant move to stabilize digital currencies, which negatively impacted cryptocurrency-related stocks, while new consumption concepts, biomedicine stocks, and insurance stocks saw some declines. Notable stocks like Pop Mart and Mixue Group also experienced downturns [3].

格隆汇12月1日丨重庆港(600279.SH)公布，2025年11月28日，第九届董事会第十一次会议审议通过《关 于新增江津港现代化多式联运集疏运能力提升项目（二期改扩建工程）投资计划并立项的议案》，为满 足江津港区远期发展的需要，全力打造西南地区规模最大的公用粮食、粮油集散中转基地，同意新增江 津港现代化多式联运集疏运能力提升项目（二期改扩建工程）投资计划并立项，预估项目总投资为2.99 亿元，同时要求江津港埠分公司积极争取项目政策性补贴，合理控制项目贷款比例。 ...