港股方面，周大福跌超7%，泡泡玛特跌超6%；金沙中国涨超5%，南京熊猫（维权）电子股份大涨约 38%。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ A股今日（6月17日）维持窄幅震荡走势，部分题材股较为活跃；港股小幅走低，恒生指数失守24000点 整数关口。 具体来看，A股市场三大股指盘中窄幅震荡整理，科创50指数一度跌超1%。截至收盘，沪指微跌0.04% 报3387.4点，深证成指跌0.12%报10151.43点，创业板指跌0.36%报2049.94点，科创50指数跌0.8%，沪深 北三市合计成交12373亿元，成交额较此前一日小幅萎缩。 场内超2900股飘绿，"最牛赛道"创新药概念突然跳水走低，科兴制药跌近12%，一品红跌超10%；石油 板块再度走强，科力股份尾盘拉升一度超29%续创历史新高，准油股份、贝肯能源斩获3连板；航运概 念崛起，招商南油、凤凰航运涨停；人脑工程概念爆发，倍益康30%涨停创出新高，北陆药业、爱朋医 疗20%涨停；核污染防治概念拉升，融发核电、中核科技涨停；AI眼镜概念活跃，英派斯涨停，博士眼 镜涨近8%。 人脑工程概念爆发 人脑工程概念盘中大幅走高，截 ...

Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints of the Report - The supply and demand of the US routes have both increased, and the freight rates from the US East and West have declined from their highs and may have peaked. The European routes have a price increase expectation in August, and attention should be paid to the actual implementation of the price increase in July and the peak - time and downward slope of the freight rates in 2025 [3][6]. - The geopolitical situation between Israel and Iran may affect the shipping market, but the direct impact on container transportation is relatively small [2][5][6]. - The current strategy suggestions are that the main contract fluctuates in the single - side operation, and in the arbitrage operation, go long on the 08 contract and short on the 10 contract, go long on the 12 contract and short on the 10 contract [8]. 3. Summary by Relevant Catalogs I. Market Analysis - **European Routes**: Multiple shipping companies have announced price increase letters for the second half of June, and some have reported shipping schedules for July. For example, HPL, CMA, and ONE have reported July shipping schedules. The MSC's price increase letter for the second half of June is 2340/3900 (previous price increase letter in the first half of June was 1920/3200) [1]. - **US Routes**: The demand for the China - US routes has increased rapidly due to the reduction of Sino - US tariffs. The freight rates have risen sharply due to the supply - demand mismatch. Currently, carriers are actively restoring capacity. The weekly average capacity of the Shanghai - US East and West routes in the remaining two weeks of June is 321,000 TEU, 243,400 TEU in May, and 350,000 TEU in July. The freight rates in the US East and West have increased significantly in June, but there are signs of decline recently [3]. II. Geopolitical Situation Iran has sent signals to end hostilities and resume nuclear - related negotiations. It is willing to return to the negotiation table as long as the US does not join the air strikes. However, Israel has little incentive to stop attacking before further weakening Iran's nuclear facilities [2]. III. Container Ship Capacity Supply - The capacity pressure on the European routes in June has decreased. The weekly average capacity of the Shanghai - European routes in the remaining two weeks of June is about 236,500 TEU. The weekly average capacity in July is 279,400 TEU, and there are currently 5 blank sailings in July and 1 in August [4]. - 2025 is still a big year for container ship deliveries. As of June 15, 2025, 126 container ships have been delivered, with a total capacity of 1.004 million TEU [7]. IV. Futures and Spot Prices - **Futures Prices**: As of June 16, 2025, the total open interest of all contracts of the container shipping index for European routes is 91,123 lots, and the single - day trading volume is 88,628 lots. The closing prices of different contracts vary, such as 1453.60 for the EC2602 contract and 1934.30 for the EC2506 contract [7]. - **Spot Prices**: The SCFI (Shanghai - US West) freight rate is currently 4120 US dollars/FEU (the lowest this year was 1965 US dollars/FEU), and the SCFI (Shanghai - US East) freight rate is 6745 US dollars/FEU (the lowest this year was 2866 US dollars/FEU). The SCFIS (Shanghai - Europe) on June 16 was 1697.63 points [3][7]. V. Strategy - **Single - side**: The main contract fluctuates. - **Arbitrage**: Go long on the 08 contract and short on the 10 contract, go long on the 12 contract and short on the 10 contract [8].

Market Overview and Key Insights - The Hong Kong stock market saw gains last week, with the Hang Seng China Enterprises Index rising by 4.43% and the Hang Seng Index increasing by 0.75% [1] - The healthcare and materials sectors led the gains, while consumer and information technology sectors lagged [1] - There was a shift in capital flow, with passive foreign capital turning into inflows, and significant net inflows from southbound trading [1] Central State-Owned Enterprises (SOEs) Buyback and Dividend Trends - As of June 12, 2023, 65 central state-owned enterprises (SOEs) implemented buybacks totaling 8.672 billion yuan, while 53 companies saw shareholder increases amounting to 7.39 billion yuan, leading to a combined total of 16.062 billion yuan [2] - The dividend yield for the Hang Seng China Enterprises Index stands at 8.17%, significantly higher than the 5.62% yield of the CSI Dividend Index, with a price-to-book (PB) ratio of 0.62 and a price-to-earnings (PE) ratio of 6.77 [2] - The total return of the Hang Seng China Enterprises Index has reached 116% since early 2021, outperforming the Hang Seng Total Return Index by 113% [2] Investment Opportunities in High Dividend Strategies - The current low interest rate environment and weak economic recovery favor dividend strategies, with strong dividend willingness and capability among central SOEs [2] - The Huaan Hong Kong Stock Connect Central SOE Dividend ETF tracks the Hang Seng China Enterprises Dividend Index, reflecting the performance of high-dividend securities listed in Hong Kong with central SOEs as major shareholders [2] ETF Performance and Characteristics - The Huaan Hong Kong Stock Connect Central SOE Dividend ETF (513920) is the first ETF in the market combining the attributes of Hong Kong stocks, central SOEs, and high dividends [3] - The fund has a net asset value of 1.4995 and a scale of 3.242 billion yuan, with a weekly trading volume of 1.041 billion yuan [4] Sector-Specific Dividend Yields - Notable companies with high dividend yields include: - COSCO Shipping Holdings (4.5% yield, industrial sector) [5] - Orient Overseas International (4.5% yield, industrial sector) [5] - New China Life Insurance (3.5% yield, financial sector) [5] - China National Petroleum (3.1% yield, energy sector) [5]

证券代码：603162 证券简称：海通发展 公告编号：2025-065 福建海通发展股份有限公司 关于 2025 年股票期权与限制性股票激励计划 股票期权首次授予结果公告 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法律责任。 重要内容提示： ? 股票期权首次登记日：2025 年 6 月 16 日 ? 股票期权首次授予登记数量：429.75 万份 根据中国证券监督管理委员会《上市公司股权激励管理办法》、上海证券交 易所、中国证券登记结算有限责任公司上海分公司有关规则的规定，福建海通发 展股份有限公司（以下简称"公司"）完成了《福建海通发展股份有限公司 2025 年股票期权与限制性股票激励计划（草案）》（以下简称"本次激励计划""本 激励计划"）股票期权首次授予的登记工作，有关具体情况如下： 一、股票期权首次授予情况 公司本激励计划股票期权实际首次授予情况如下： 示： | 获授的股票期 | | 占首次授予 | 占本激励计划 | | | --- | --- | --- | --- | --- | | 类别 | 权数量 | 股票期权总 | ...

Group 1: Market Impact - The recent escalation of conflict between Iran and Israel has significantly impacted global markets, with many broker reports indicating that the intensity and duration of this conflict may exceed previous encounters, leading to risks entering "unknown territory" [2] - On June 13, WTI crude oil prices surged over 14% at one point, closing up more than 7.5% at $73.18 per barrel, marking the largest single-day increase since March 2022 [3] - The total trading volume in the U.S. crude oil options market skyrocketed to 681,000 contracts on June 13, with a notable concentration in $80 call options, indicating a strong market sentiment towards potential supply disruptions in the Middle East [4] Group 2: Speculative Positions - As of the week ending June 10, speculative positions in WTI crude oil saw a net increase of 16,000 contracts, reaching a total of 179,100 contracts, the highest in 19 weeks [3][4] - Brent crude oil net long positions also rose by over 29,100 contracts, totaling 196,900 contracts, the highest in 10 weeks [4] Group 3: Shipping and Freight Rates - The Baltic Dry Index (BDI) rose by 3.36% to 1968 points on June 13, the highest since October of the previous year, with a cumulative increase of 54% over the past month [5] - Oil tanker freight rates surged, with forward contracts for July rising by 15% to $12.83 per ton, reflecting market expectations of supply disruptions [5] Group 4: Geopolitical Risks - The current oil prices are believed to reflect geopolitical risk premiums, with Morgan Stanley estimating a 7% probability of a worst-case scenario where oil prices could rise exponentially due to supply shocks [5] - The potential closure of the Strait of Hormuz, which handles over 30% of global maritime oil trade, poses a significant risk to oil supply and pricing [6] Group 5: Broader Market Reactions - The tensions in the Middle East have also led to a rise in gold prices, with international gold prices reaching $3,467 per ounce, while major global stock indices experienced declines [7] - Analysts suggest that while the current geopolitical tensions may lead to short-term price spikes, the long-term outlook for oil prices may remain weak due to anticipated increases in supply from OPEC+ and slowing demand growth [7][8]

Core Points - The article highlights the advancements in maritime education at Jimei University, particularly through its innovative training programs and the use of modern technology in the curriculum [1][2][3] Group 1: Educational Innovations - Jimei University has established a large training ship, "Yude," with a capacity of 64,000 tons, which can accommodate 143 students and faculty for practical training [1] - The university's maritime education dates back to 1920 and has produced over 30,000 maritime professionals [1] - The Maritime College has implemented various reform programs, including the "Talent Class," "Excellence Class," and "Intelligent Navigation Class," to align education with industry needs [1][2] Group 2: Curriculum and Training - The Intelligent Navigation Class incorporates courses on artificial intelligence, big data, and smart communication, preparing students for the industry's shift towards digitalization [2] - The "Excellence Class 2.0" follows a "3+1" model, allowing students to complete theoretical courses in three years and then engage in a year-long practical internship [3] - The college has established a "dual mentor" system, pairing students with industry professionals for practical guidance [3][4] Group 3: Industry Connections - The college maintains close ties with quality enterprises, enhancing the relevance and interactivity of recruitment events for students [3][4] - Industry mentors, such as Captain Tan Weitao from Xiamen Fanhai International Ship Management Co., provide insights into the operational demands and international regulations of the maritime industry [4][5] Group 4: Student Competitions and Physical Training - Students participate in various competitions, such as the National Seafarer Skills Competition, which enhances their physical fitness and practical skills [6] - The college emphasizes the importance of physical fitness for maritime work, as medical conditions at sea are less accessible than on land [6] Group 5: Employment Outcomes - Approximately 70% of graduates from the Maritime College work in the transportation, warehousing, and postal sectors, with many taking on roles at sea [6][7] - The college's multi-dimensional training system has improved students' pass rates in professional exams and enhanced their employability [6][7]

其他船型的运价指数呈现分化态势。6月13日，巴拿马型船运价指数上涨1.89%报1401点。5月14日以来，该指 数累计上涨6.5%。巴拿马型船舶通常运载6万至7万吨的煤炭或谷物。 运价指数持续上涨！ 6月13日，波罗的海干散货指数（BDI指数）上涨3.36%，报1968点，创出去年10月初以来新高。最近一个月， BDI指数累计涨幅达到54%。 此外，德路里世界集装箱运价指数（WCI）本周（截至6月12日）环比上周保持稳定，约为3543美元/FEU。过 去四周，德路里世界集装箱运价指数飙升59%，这源于中美关税90天缓冲期的举措，使得跨太平洋东行货运量 得以迅速回升。 值得关注的是，"大杀器"或许还在后面，随着中东紧张局势加剧，市场担心伊朗可能封锁霍尔木兹海峡来报 复。有分析指出，如果以色列和伊朗的冲突持续升级导致霍尔木兹海峡航运中断，油价可能会被推至每桶120 美元。 BDI指数一个月上涨54% 6月13日，波罗的海干散货指数（BDI）涨3.36%，报1968点。本周，BDI指数累计上涨20.51%。最近一个月， BDI指数累计涨幅达54%。 海岬型船运价指数的上涨，成为推动BDI指数上行的主要因素。6月13 ...

智通财经APP获悉，航运公司、经纪人以及分析师们警告称，在以色列对伊朗发动袭击之后，中东地区 的关键海上通道将面临风险。这一事件使这个对全球石油供应和贸易至关重要的地区局势进一步恶化。 周五凌晨，以色列对伊朗的主要目标发动了攻击，其中包括德黑兰的核设施和军事设施。这一行动已经 加剧了紧张局势，并可能导致伊朗报复行为的发生。伊朗已经威胁称，其邻国将"付出极其沉重的代 价"。 总部位于东京的航运公司——日本邮船株式会社、商船三井株式会社、川崎汽船株式会社，在袭击事件 发生后率先要求船只谨慎航行。预计其他公司也将效仿，因为这些袭击事件使该地区的石油运输和集装 箱运输要道成为了关注焦点。 股票投资者已经预期到航运价格的上涨会对企业产生积极影响，因此像中远海运(00517)和招商轮船 (601872.SH)等航运股出现了上涨。由于全球经济活动低迷，油轮运价一直处于低位。 Singh表示，在任意时间内，全球超大型原油运输船队中至少有 10%的船只(约 90 艘)会停靠在中东海湾 地区，其中每天约有 20 艘船会通过霍尔木兹海峡。 Oil Brokerage Ltd.全球航运研究主管Anoop Singh谈到油轮时指出：" ...

Core Viewpoint - The signing of the 1000th leasing vessel in Tianjin Dongjiang Comprehensive Bonded Zone marks a significant milestone for China's financing leasing industry, providing a "Chinese solution" for global trade and marine economic cooperation [1][3]. Group 1: Industry Development - Tianjin Dongjiang has joined the "Thousand Ship Club" in financing leasing, positioning itself alongside international shipping centers like Singapore and Hong Kong, and making significant progress towards becoming a world-class ship leasing center [2]. - The latest signed vessel is a floating liquefied natural gas production and storage ship, with a total investment of nearly $1.8 billion, of which approximately $1.2 billion is financed through leasing [2]. - Over half of the 1000 vessels leased through Dongjiang were built by Chinese shipyards, reflecting China's status as the world's largest shipbuilding and shipowning nation [2]. Group 2: Market Trends and Opportunities - The global economic uncertainty has led to increased demand for ocean-going vessel capacity, benefiting the shipping finance market, including ship leasing [4]. - The global shipping credit financing prosperity index for 2023 is reported at 62, an increase of 1 point from the previous year, indicating a positive trend in the industry [4]. - As of April this year, the asset balance for water transportation equipment in Tianjin financial leasing companies reached 152.31 billion yuan, a growth of 2.14% since the beginning of the year [4]. Group 3: Green Transition and Innovation - The International Maritime Organization's regulations on net-zero emissions are driving the retirement of older vessels, enhancing the market for new ship construction [5]. - Leasing companies are increasing their financing support for green vessels, with recent projects including the financing of two 160,000 TEU container ships and a new LNG vessel project [5]. - The focus on green shipping is expected to accelerate, with Chinese shipbuilding and financing leasing playing crucial roles in this transition [5]. Group 4: Collaborative Strategies - Experts suggest that the shipping industry should build a "three-in-one" development model, focusing on "green and intelligent" initiatives, financial innovation, and collaborative efforts to tackle challenges and seize opportunities [7]. - A collaborative mechanism involving banks, insurance, and leasing companies has been established to support cross-border leasing, with a recent financing amounting to nearly $200 million [7]. - The emphasis is on innovation in operational models and risk-sharing strategies to enhance competitiveness in the global maritime finance landscape [7]. Group 5: Policy and Institutional Support - The Tianjin Dongjiang Comprehensive Bonded Zone aims to enhance China's maritime financial international influence and competitiveness through high-level reforms and institutional openness [8]. - The local government is committed to supporting enterprises in navigating market uncertainties and crises, ensuring a stable direction for businesses in turbulent times [8].

Core Viewpoint - The container shipping industry is under pressure to transition to a green economy and sustainable development due to climate change, as it is responsible for a significant portion of global greenhouse gas emissions [1][5]. Group 1: Emission Statistics and Predictions - The shipping industry accounts for 3% of global CO2 emissions, with predictions indicating that emissions could increase by 50% to 250% by 2050 if no effective measures are taken [1]. - The International Maritime Organization (IMO) has set ambitious targets for reducing greenhouse gas emissions, aiming for a 20-30% reduction by 2030, 70-80% by 2040, and net-zero emissions by around 2050 [2]. Group 2: Regulatory Framework and Initiatives - The IMO's "Net-Zero Framework" was adopted in 2025, requiring a continuous reduction in greenhouse gas intensity of marine fuels starting in 2028, with a global carbon pricing mechanism to incentivize emission reductions [2][3]. - The IMO's reduction agreements provide clear technical development directions for shipping companies, encouraging the adoption of alternative fuels such as methanol, LNG, and hydrogen [3]. Group 3: Industry Challenges and Opportunities - The container shipping market faces challenges such as limited supply and high costs of green fuels, which may hinder widespread adoption despite some economic support from the IMO [4]. - The transition to green fuels and technologies is accelerating industry consolidation, with larger companies better positioned to invest in new technologies, while smaller firms may struggle to survive [3][4]. Group 4: Future Outlook - Despite challenges like demand fluctuations and regulatory complexities, the container shipping market is expected to evolve towards a greener, smarter, and more efficient model, supported by ongoing policy enhancements and technological innovations [5].