【中信期货航运】MSK11月12日起旺季附加费涨至300美元 2025/10/29 /FEU,明日中美双方领导人将举行会晤 投资咨询业务资格: 证监许可【2012】 669号 工业与周期 3 武裝整 在博物 B 从业资格号:F03100682 从业资格号:F03117373 投资 咨询号: 20021085 批资 含南号: 20022651 今日中东停火协议受到冲击,以色列再度下令军方立即对加沙发动豪击,远月复航预腾再度转弱。关税方面市场相对乐观,昨日 MSK 46周下半周开舱2200美元/FEU,与现货真实运价情况相差不大,叠加46周船舶候少仍有助于运价中枢继续上指。MSK 从11月12日 起政线征收100/300美元/TBU/FBI配手利加费。今日12、02合约震荡走强、12合约盘中一度涨超65冲至1883.5点达上周五海点。增仓超 3300手。 联止收盘、12合约收于1871点、涨5.08%;92合 约涨3.66%使于1606点、增仓近2000手。04、06、08合约涨幅在2.88~35%之间。 即期市场运价方面,YNL再度下调11月上旬运价至1850美元/FEU,环比下调50美元 GEMINI:NSK ...

航运日报 | 2025-10-30 宏观预期以及涨价函预期推动期货合约走势较强 市场分析 线上报价方面。 Gemini Cooperation：马士基上海-鹿特丹45周报价1425/2380，46周报价1320/2200；HPL -SPOT 11月上半月价格 1335/2135，11月下半月船期报价1735/2835。 MSC+Premier Alliance：MSC 11月上半月船期报价1365/2235；ONE 11月上半月船期报价1365/2135，11月下半月 船期1625/2535；HMM上海-鹿特丹11月上半月船期报价1168/1906; YML 11/01-11/14 报价1075/1900。 Ocean Alliance：CMA 上海-鹿特丹11月上半月船期报价1460/2520，11月下半月船期报价1820/3231；EMC 11月上 半月船期报价1655/2510；OOCL 11月上半月船期价格介于2150-2400美元/FEU之间。 地缘端：以色列国防部长卡茨29日发表声明称，自28日以来，以军已打死数十名巴勒斯坦伊斯兰抵抗运动（哈马 斯）指挥官，并打击了数十处基础设施目标，作为对哈马斯 ...

全球金融市场的主板指数开启新高模式，这依然是属于牛市共振的结果，英伟达市值达到5万亿美元，你也许认为这只不过是一个数字，实际上英国、德国 等金融市场的总市值都没有超过5万亿美元，这是相当"可怕"的数值，也鉴定了科技的重要性！A股市场本周出现了连续3日指数新高，个股却出现跌多涨少 的情况，这只有场内投资者深有体会。中美会谈再次开启，以及外围金融数据月底集中公布，一切静待靴子落地后，机构资金必有新动向！ 骑牛看熊发现国内储能全面迎来经济性拐点，应将关注点放在各省现货市场开放节奏及储能允许进入电力市场的节奏上，政策上容量电价有望自北向南逐步 推广。得益于经济性的持续改善，国内独立储能进入快速发展阶段，逐步接棒新能源配储，成为储能市场增长的新动能。其收入来源主要包含三个方面：一 是通过参与电力现货市场实现价差套利；二是提供调频、调峰等辅助服务获取收益；三是以容量电价形式获得稳定补偿。 上证指数周四低开高走，继续在4000点上方震荡，出现了明显的反弹迹象，然而两市个股继续跌多涨少，亏钱效应明显。美联储在货币政策委员会FOMC宣 布将联邦基金利率的目标区间从4.00%至4.25%下调至3.75%至4.00%，并决定自12 ...

Core Insights - 中远海特 has achieved dual growth in capacity and efficiency during the "14th Five-Year Plan" period, advancing its "three cores and three chains" strategy while expanding into new energy, manufacturing, and bulk commodity logistics [1][2] Group 1: Strategic Adjustments - 中远海特 upgraded its strategy from "dual core and dual chain" to "three cores and three chains" in 2023, aligning with national strategic needs and shifting from a supply-driven to a demand-driven approach [2] - The "three cores" focus on new energy, advanced manufacturing, and strategic bulk commodities, while the "three chains" aim to transform the company into an "industry chain operator" integrating shipping, port, and logistics services [2] Group 2: Operational Performance - By the end of 2024, 中远海特's controlled capacity will reach 151 vessels and 6.14 million deadweight tons, representing a 54.08% increase in vessel count and a 107.92% increase in deadweight tons compared to the end of the "13th Five-Year Plan" [3] - The company reported a revenue of 16.78 billion yuan in 2024, a 91% increase from 2021, with a compound annual growth rate of 17.67% over four years [3] Group 3: Logistics and Service Innovations - The company has achieved "end-to-end" service breakthroughs in three major logistics chains, enhancing efficiency through blockchain technology in pulp logistics and completing significant global projects in engineering logistics [4] - In automotive logistics, 中远海特 has developed a dual-hub network in South America and innovative transportation modes, significantly increasing the volume of exported vehicles [4] Group 4: Technological and Environmental Initiatives - 中远海特 is focusing on technological innovation and digital empowerment while promoting green and low-carbon transformation, including the establishment of a digital shipping platform and participation in the GSBN alliance [5][6] - The company has set a target to reduce carbon emissions intensity by 3.8% by 2025 compared to 2019 levels, with various initiatives such as investing in LNG dual-fuel vessels and retrofitting ships for solar power [6] Group 5: Future Outlook - Looking ahead, 中远海特 aims to anchor its development on high-quality growth, aligning with national strategies and focusing on scale, green practices, collaboration, innovation, and industry leadership [7]

10月30日，A股三大指数集体低开。 盘面上，广告包装、运输服务、钢铁等板块涨幅居前；量子科技、CPO 概念、通信设备、有色、酿酒、医药等板块 跌幅居前。 港股方面，恒生指数和恒生科技指数均上涨。稀土永磁、新能源车概念股涨幅靠前。安踏体育跌超3%，小米集团跌 逾2%，腾讯控股、阿里巴巴涨近2%，紫金矿业涨近4%，宁德时代涨逾2%。 航运板块走强 盘初，航运板块走强，油运方向领涨，招商轮船涨停，中远海能、招商南油、中远海特、国航远洋等跟涨。 消息面上，国家外汇管理局发布支持外贸稳定发展一揽子便利化政策，从推动便利化政策优化扩围、支持贸易新业 态等创新业务健康发展、提升服务贸易企业资金使用效率三个方面推出9项政策措施，进一步便利市场经营主体办理 跨境贸易业务。 另外，西非马隆格/杰诺-中国宁波(260000MT)超大型油轮(VLCC)运价指数10月29日已涨至98.88WS，当日涨幅 6.51%，周涨幅10.01%，月涨幅6.68%。 早盘机器人概念异动拉升，方正电机涨停，利尔达、步科股份、昊志机电、德昌股份、三丰智能、上纬新材等跟 涨。 时空科技7连板 存储芯片概念再度走强，时空科技（605178）7连板，江波 ...

大家好，基金君和你一起关注今天早盘的市场行情。 10 月 30 日， A 股三大股指集体低开。 | 4007.82 | 13661.61 | 3313.79 | | --- | --- | --- | | 上证指数 -0.21% | 深证成指 -0.22% | 创业板指 -0.32% | 截至记者发稿，沪深两市成交额突破 5000 亿元。 从板块看，港口航运、存储芯片板块领涨，通信设备、 贵金属板块领跌。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 航运 | 存储器 | 稀土 | 钠离子电池 | TWS耳机 | 海运 | 办公用品 | 电脑硬件 | 电工电网 | 工程机械 | | 2.20% | 1.08% | 0.95% | 0.91% | 0.80% | 0.99% | 0.89% | 0.66% | 0.48% | 0.46% | | 储能 | 工业气体 | HBM | 动力电池 | 国家大基金 | 休闲用品 | 保险 | 汽车零部件 ...

2025年10月30日，招商轮船(601872.SH)发布2025年三季报。 公司摊薄每股收益为0.41元，在已披露的同业公司中排名第5，较去年同报告期摊薄每股收益基本持 平，同比较去年同期持平。 公司最新总资产周转率为0.26次，在已披露的同业公司中排名第11，较去年同期总资产周转率减少0.04 次，同比较去年同期下降13.60%。最新存货周转率为10.89次，在已披露的同业公司中排名第20，较去 年同期存货周转率减少0.24次，同比较去年同期下降2.11%。 公司股东户数为8.79万户，前十大股东持股数量为60.85亿股，占总股本比例为75.36%，前十大股东持 股情况如下： 公司营业总收入为193.10亿元，在已披露的同业公司中排名第2，较去年同报告期营业总收入增加 1371.52万元，实现2年连续上涨，同比较去年同期上涨0.07%。归母净利润为33.00亿元，在已披露的同 业公司中排名第3，较去年同报告期归母净利润减少6929.14万元，同比较去年同期下降2.06%。经营活 动现金净流入为58.03亿元，在已披露的同业公司中排名第2，较去年同报告期经营活动现金净流入减少 5.99亿元，同比较去年同期下 ...

中远海能（600026）(01138)涨超9%，截至发稿，涨9.24%，报10.88港元，成交额2.63亿港元。 消息面上，10月28日，中远海能发布公告，本公司拟进行拟议收购事项。根据上海液化气股权转让协 议，中远海运大连投资同意出售而大连海能(本公司全资附属公司)同意收购上海液化气的全部股权，惟 须遵守协议的条款及条件。大连海能将有权承担或享有根据上海液化气股权转让协议将予转让股权于过 渡期间内的损益。 上海液化气的全部股权的代价为人民币5.98亿元，并应于上海液化气股权转让协议生效日期起5个工作 日内，由大连海能通过银行转账方式向中远海运大连投资支付交易对价全部的价款。 公告称，本次拟议收购事项完成后，本集团内已投产LPG运输业务资产将进一步整合至上市公司体系 内，有利于本公司后续相关重大项目的开展在资本市场创造有利条件；同时，长期来看预计将增加公司 归属于母公司股东的净利润，有利于提升本公司整体经营业绩，对提升本公司持续经营能力产生积极影 响。 ...

Core Viewpoint - The shipping selected index experienced a significant increase of 4.06% on October 30, indicating a positive trend in the shipping industry [1]. Company Performance - China Merchants Energy surged by 8.74%, showcasing strong performance among the index constituents [1]. - COSCO Shipping Energy rose by 5.47%, reflecting robust market conditions [1]. - China Merchants South Oil increased by 4.97%, contributing to the overall positive sentiment in the sector [1]. - COSCO Shipping Specialized Carriers saw a rise of 2.81%, indicating steady growth [1]. - Zhonggu Logistics experienced a modest increase of 0.78%, still aligning with the upward trend [1].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - In the context of tariff news and the afternoon MSK surcharge, the Wednesday futures market rose significantly. Affected by the previous congestion at European ports in the second half of November, 4 ships will have difficulty returning to Shanghai in time, which may lead to a tight fundamental situation in November. The market's neutral expectation for the freight rate in November is between $2000 - $2200 (1400 - 1540 points). Currently, the valuation of the December contract is moderately high. Driven by multiple positive factors such as subsequent price increases and long - term agreement signings from November to December, it is recommended to adopt a low - buying strategy. The 02 contract is more difficult to value accurately with high uncertainty, and it is expected to follow the trend of the December contract in the next month. The 04 contract is a off - season contract, which fluctuates within a narrow range under the current peak - season logic. Considering the greater supply pressure next year, it is recommended to adopt a high - selling strategy [2]. Summary by Related Catalogs Futures Contract Data - **EC Futures Contracts**: The closing prices of EC2512, EC2602, EC2604, and EC2606 are $1871.0, $1606.0, $1194.4, and $1422.9 respectively, with daily increases of 4.62%, 3.70%, 2.73%, and 3.56%. The trading volumes are 34539, 8665, 2935, and 1 respectively, and the open interests are 31906, 15885, 14394, and 1410 respectively, with open - interest changes of 3006.8, 1975, 115, and 0 [2]. - **Month - to - Month Spreads**: The spreads of EC2512 - 2504, EC2512 - 2602 are 676.6 and 265.0 respectively, with month - on - month increases of 51.0 and 25.4, and week - on - week increases of 71.1 and 53.9 [2]. Index Data - **SCFI (European Route)**: Updated on October 24, 2025, the value is $1246/TEU, with a month - on - month increase of 8.82% and a previous - period increase of 7.21% [2]. - **CCFI (European Route)**: Updated on October 24, 2025, the value is 1293.12 points, with a month - on - month increase of 1.99% and a previous - period decrease of 1.49% [2]. - **NCFI**: Updated on October 24, 2025, the value is 822.3 points, with a month - on - month increase of 2.38% and a previous - period increase of 14.96% [2]. Recent European Route Quotations - **Week 44**: The offline quotations are PA $1400, GEMINI $1600, and OA $1800 [3]. - **November Price Increase Announcements**: Shipping companies announced price increases mostly between $2500 - $2700, with an average equivalent to about 1800 points on the futures market. MSK opened at $2350, which met expectations, and then shipping companies adjusted the price to between $1900 - $2300, with a central value of $2100 [3]. Shipping Company Price Adjustments - **Monday**: HMM reduced the price to $1900, HPL to $2335, ONE to $2135, and MSC to $2265 [4]. - **Tuesday**: MSK reduced the price to $2200, OOCL to $2150, and YML reduced the price of a single route to $1900 [4]. - **Wednesday**: MSK announced a peak - season surcharge of $300/FEU for long - term agreements, and YML reduced the price of a single route to $1850 [4]. Related News - On October 29, the Israeli military stated that it had resumed the implementation of the Gaza cease - fire agreement [5].