Company Overview - Qin Port Co., Ltd. (SH 601326) announced a board meeting held on November 21, 2025, to discuss a proposal for capital increase to Cangzhou Huanghua Port Oil Port Service Co., Ltd. [1] - As of the report, Qin Port's market capitalization is 19.8 billion yuan [1]. Revenue Composition - For the year 2024, Qin Port's revenue composition is as follows: - Coal and related services account for 67.01% - Metal ores and related services account for 20.06% - Other cargo services account for 9.09% - Other income accounts for 1.74% - Container services account for 1.6% [1].

"解缆！"在满载"中国造"重型轨道吊、驶往印度和土耳其的"亚庆之星"轮上，长江引航中心张家港引航 站高级引航员蔡文鹏向船长张广富下发指令。正值涨潮期，蔡文鹏指导2名"00后"引航员徒弟用望远镜 观望长江上大小船只的航行动态，缓缓牵引着这条"巨无霸"从江苏省张家港港新重装码头离泊，滑入长 江。 日前，满载"中国造"重型轨道吊的"亚庆之星"轮从江苏省张家港港新重装码头出发，驶往印度和土耳 其。马婷 摄 中新网记者看到，码头上车辆来来往往，巨大的吊机臂在船舶、岸边来回转向，将重件、大件货物抓取 到指定位置。不仅泊位里停满了船，货场里也堆满了钢结构、机器设备、工程车辆等大块头货物。这些 货物多是出口到"一带一路"共建国家。 "我们开放的泊位从3个增加到5个，以满足外轮持续增加的需求。"张家港港新重装码头港务有限公司副 总经理李敏表示。 从长江发货的琳琅满目的货物，是中国与"一带一路"共建国家贸易畅通不断深化的缩影。商务部数据显 示，中国与"一带一路"共建国家的货物贸易从2021年的2.7万亿美元增长到2024年的3.1万亿美元，年均 增长4.7%，占整体贸易的比重由45.3%提高到了50.7%，今年上半年进一步提高到 ...

新时代亚拉"高速通道" 从利马驱车向北，城市的喧嚣逐渐被沙丘与低矮的灌木取代，并行的货车愈发密集，穿过一条与泛 美公路相连、全长约1.8公里的地下隧道后，钱凯港操作区展现在眼前。 一年多来，本报记者已近10次探访钱凯港，见证了沙丘变堆场、海湾变良港的变化。 眼下，站在运营大楼平台远眺，远程控制的岸桥与自动化轨道吊沿海矗立，一辆辆零排放的智能驾 驶集装箱卡车来回穿梭，数不清的集装箱整齐堆叠，远望如彩色积木。其间，一批批来自中国的新能源 轿车、皮卡有序列队，静待发往各地。 据中远海运相关负责人介绍，如今蓝莓和牛油果从秘鲁产地到上海餐桌只需31天，较以往缩短13 天；新能源汽车从上海工厂运至利马4S店仅需30天，比去年缩短7天。物流时间压缩的同时，成本下降 20%以上。对拉美出口商而言，这不仅是效率的提升，更是打开亚洲市场、增强竞争力的新契机。 新华社北京11月21日电 《参考消息》近日刊发文章《"它让拉美和亚洲真正连成一体"——秘鲁钱 凯港开港一周年观察》。全文如下： 11月的一个清晨，位于秘鲁首都利马以北80公里的钱凯港一片繁忙景象。 码头操作区内，智能驾驶集装箱卡车沿预定路线缓缓停靠，静候在整齐码放的集装箱旁 ...

40万吨级巨轮的庞大船体、极深吃水与巨大惯性，使得船舶靠泊难度远高于一般散货船。莆田出入境边 防检查站提前摸排核查船舶信息和航行轨迹，第一时间为"远津海"轮办理边检手续，提前审核登轮作业 人员和搭靠船舶信息，节约船舶滞港时间。 罗屿作业区作为东南沿海最大的铁矿石中转枢纽和福建首个、全国第六个可停靠40万吨级船舶的深水良 港，如今已实现超大型矿石船接卸常态化。来自巴西、澳大利亚等国的铁矿资源经这里中转至长江中下 游各省，以及韩国、东南亚等国家和地区，串联起内陆腹地与全球市场的贸易纽带，更撑起了两岸铁矿 石中转的"半壁江山"。接下来，罗屿作业区8号、11号、12号等新增泊位建成后，将形成"两卸三装"的 泊位组合，可大幅提升福建省沿海港口服务水平。 11月19日，40万吨级新加坡籍散货船"远津海"轮平稳停靠在福建莆田湄洲东吴港区罗屿作业区9号泊 位。这是今年罗屿港靠泊的第12艘40万吨级船舶，也是自2021年9号泊位正式获得40万吨级船舶靠泊资 质以来，顺利靠泊的第50艘同等级巨轮。 该船长约362米，船宽65米，犹如一座移动的"海上城堡"，此次计划将装运的约22.5万吨铁矿石在罗屿 全部卸载。 ...

Core Points - The U.S. Ambassador to Greece urged the sale of the Piraeus port, operated by a Chinese company, which has drawn strong criticism from China [1][2] - Chinese investments in Piraeus port have been recognized for their positive impact on the Greek economy, with local politicians defending the partnership [2][3] Group 1: U.S. Position - The U.S. Ambassador expressed regret over the presence of China’s COSCO Shipping at Piraeus port and suggested alternatives to mitigate China's influence, such as increasing throughput at other ports or selling Piraeus [1] - The U.S. government has reportedly pressured Greece to limit Chinese activities at Piraeus, linking this to the designation of COSCO as a "military entity" [1] Group 2: Chinese Response - The Chinese Embassy in Greece condemned the U.S. Ambassador's remarks as malicious and an interference in Greek internal affairs, emphasizing that Piraeus port belongs to the Greek people [2] - The Chinese Embassy highlighted that Piraeus port is a crucial gateway for Asian goods to Europe and criticized the U.S. for using it as a tool for geopolitical confrontation [2] Group 3: Greek Perspective - Greek officials, including the Foreign Ministry, reaffirmed their commitment to past agreements regarding Piraeus port, which was sold during the debt crisis when China was the only bidder [2] - Local politicians acknowledged the success of Chinese investments in modernizing Piraeus port, enhancing its status as one of Europe’s most important ports and benefiting the national economy [3]

证券日报网讯 11月20日，珠海港发布公告称，公司2025年度第九期超短期融资券已于近日成功发行。 （文章来源：证券日报） ...

Core Insights - Yangpu is accelerating its development as an international bonded fuel supply center, becoming a crucial "maritime refueling station" linking global shipping [1][2] - Since the first bonded fuel supply operation in 2021, Yangpu has supplied over 1.16 million tons of bonded fuel to 2,481 vessels [1] - The bonded fuel supply is a core function for building an international shipping center, offering significant cost savings for vessels, with a reduction of approximately 15% in fuel costs compared to regular fuel [1] Group 1 - Yangpu has implemented innovative policies such as "port-in + port-out" services and "immediate refueling" to attract international vessels, enhancing operational efficiency and cost advantages [1][2] - The port's outer anchorage can accommodate vessels up to 200,000 tons, with a 90% reduction in documentation for international vessels, improving refueling efficiency by over 30% [1] - The introduction of integrated service models allows for dual-use of vessels, enabling both bonded fuel supply and domestic short-distance transportation, expanding service coverage to the Beibu Gulf [2] Group 2 - Yangpu has opened 64 shipping routes, including 34 international and 30 domestic routes, creating a stable customer base for bonded fuel operations [2] - The cost savings for vessels, such as the Panama-flagged "Grace Swan," can reach approximately 640,000 yuan per refueling, making Yangpu an attractive option for shipping companies [2] - The continuous release of policy dividends and the establishment of a comprehensive service network have positioned Yangpu as a key player in the global shipping industry [2]

Core Insights - Yangpu is accelerating its development as an international bonded fuel supply center, establishing itself as a crucial "maritime refueling station" linking global shipping [2][3] - Since the first transaction in 2021, Yangpu has provided bonded fuel to 2,481 vessels, totaling over 1.16 million tons [2] - The bonded fuel supply is a core function for building an international shipping center, offering significant cost savings for vessels, with fuel costs reduced by approximately 15% compared to regular fuel [2] Group 1 - The recent operation involved a Singaporean vessel receiving 775 tons of bonded fuel from the supply ship "Jiatai 799," highlighting the regularity of such operations [2] - Yangpu's outer anchorage can accommodate 200,000-ton vessels, with a 90% reduction in required documentation for international vessels, improving refueling efficiency by over 30% [2][3] - The port has opened 64 shipping routes, including 34 international and 30 domestic routes, enhancing the stability of the bonded fuel business [3] Group 2 - Yangpu has implemented innovative policies such as "immediate refueling" and "dual-use vessels," allowing for both bonded fuel supply and domestic short-distance transportation [3] - The Panama-flagged vessel "Grace Swan" saved approximately 640,000 yuan in costs from a single refueling at Yangpu, demonstrating the financial benefits for shipping companies [3] - The integration of services has expanded the operational scope to the Beibu Gulf, significantly increasing vessel utilization efficiency [3]

Core Insights - The opening of the Jiangxi Province specialized roll-on/roll-off terminal by Shanghai Port Group enhances the shipping capabilities of the Yangtze River Economic Belt and supports the construction of the Jiujiang regional shipping center [1][3]. Infrastructure Development - The Jiangxi West City Phase II terminal includes a multi-purpose terminal with two 10,000-ton berths, a shoreline of 280 meters, and a land area of 186.05 acres, with an annual throughput capacity of 3.1 million tons [3]. - The roll-on/roll-off terminal features 1,300 parking spaces and one 600-space berth, with a shoreline of 323 meters and a land area of 297.3 acres, capable of handling 360,000 vehicles annually [3]. Construction Challenges and Innovations - The construction faced complex geological challenges, including thick rock layers and high cave occurrence rates, which were addressed through a full-process interleaved construction strategy and the use of BIM technology for precise simulation [3]. Strategic Importance - The terminal is part of Jiujiang's broader initiative to enhance its status as a key node in the Yangtze River Economic Belt, leveraging its unique position as Jiangxi's only port city with direct access to the sea [5]. - The operationalization of the terminal is expected to significantly improve Jiujiang's role as a shipping hub in the middle reaches of the Yangtze River, providing a more economical and efficient export route for advanced manufacturing in Jiangxi [5].

1. Report Industry Investment Rating - No information provided in the given content. 2. Core Viewpoints of the Report - China's port congestion situation continues to improve, with port turnover times at historical low levels. Southeast Asian ports have also seen a significant improvement in congestion, and the operational fluctuations have converged [2]. - The negative impact of previous strikes on European ports has basically been cleared, but there are still concerns. There is a risk of strikes in Belgium in late November, and the railway at Hamburg Port remains closed, posing a risk of increased congestion [2]. - North American ports are operating well [2]. 3. Summaries by Relevant Catalogs Data Review - **Asian Ports**: - In Yangshan Port, the weekly average waiting time/berthing time for ocean - going container ships is 0 hours/23.9 hours, with 2 ships at anchor/8 ships berthed. In Waigaoqiao, it's 0 hours/20.7 hours, with 12 ships at anchor/24 ships berthed. In Ningbo Port, it's 0 hours/23.1 hours, with 7 ships at anchor/21 ships berthed. In Qingdao, it's 0 hours/66.1 hours. In Singapore Port, it's 0 hours/29.5 hours, with 6 ships at anchor/48 ships berthed. In Port Klang, it's 0 hours/26.7 hours, with 7 ships at anchor/27 ships berthed [2]. - The average turnover times are about 1.0 days in Yangshan, Ningbo, and Yantian Ports. The average time in port is 1.2 days in Singapore Port and 1.1 days in Port Klang [2]. - **European Ports**: - In Rotterdam, Antwerp, Hamburg, and Bremen, the weekly average waiting time/berthing time for ocean - going container ships are 0 hours/43.4 hours, 0 hours/40.3 hours, 1.1 hours/44.0 hours, 0 hours/39.0 hours respectively. The numbers of ships at anchor/berthed are 6 ships/29 ships, 10 ships/15 ships, 0 ships/13 ships respectively. In Valencia, it's 0 hours/33.4 hours, with 7 ships at anchor/10 ships berthed [2]. - The average time in port is about 1.7 days in Antwerp, 1.8 days in Rotterdam, 1.8 days in Hamburg, and 1.6 days in Bremen [2]. - **North American Ports**: - In Long Beach, Los Angeles, and Tacoma, the weekly average waiting time/berthing time for ocean - going container ships are 0 hours/94.7 hours, 0 hours/97.1 hours, 0 hours/94.0 hours respectively. In Long Beach and Los Angeles, there are 0 ships at anchor and 19 ships berthed. In New York, Savannah, and Norfolk, it's 0 hours/36.6 hours, 0 hours/34.0 hours, 0 hours/22.7 hours respectively. In New York, there are 0 ships at anchor/8 ships berthed. In Houston Port, it's 0 hours/62.0 hours [2]. Asian Port Dynamic Tracking - The data shows the scale of container ships in port in China and Southeast Asia, including the number of ships at anchor and berthed in different ports over time. It also presents the average waiting time, berthing time, and total time in port for ocean - going container ships in Southeast Asian and Chinese container ports [9][10][17]. European Port Dynamic Tracking - The report shows the scale of container ships in port in Europe, including the number of ships at anchor and berthed in different ports in Northwest Europe and the Mediterranean/Black Sea regions over time. It also presents the average waiting time, berthing time, and total time in port for ocean - going container ships in Northwest European and Mediterranean container ports [20][21][28]. North American Port Dynamic Tracking - The data shows the scale of container ships in port in North America, including the number of ships at anchor and berthed in different ports in North America over time. It also presents the average waiting time, berthing time, and total time in port for ocean - going container ships in American container ports [38][39][40]. Large - Ship Arrival and Key Hub Monitoring - It monitors the arrival of large - scale container ships in Yangshan Port, Ningbo Port, and Singapore Port, divided by different ship sizes. It also tracks the arrival of 1.2w + container ships of different alliances in Asia, Northwest Europe, and the Mediterranean regions. Additionally, it monitors the passage of container ships through the Cape of Good Hope, Suez Canal, and Panama Canal [47][50][52].