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].

Core Viewpoint - The launch of the Liangshan Port Phase II project is a significant step for Jining in enhancing its inland waterway transportation capabilities and contributing to the development of a northern inland waterway hub [1][2]. Group 1: Project Overview - The Liangshan Port Phase II project has a total investment of 2.9 billion yuan and aims to construct 7 new berths and 27.6 kilometers of railway lines along with supporting facilities [2]. - The project is expected to be operational by the first quarter of 2027, with a projected cargo handling capacity of 80 million tons and container throughput exceeding 400,000 TEUs [2]. - The revenue for the logistics park is anticipated to surpass 30 billion yuan, contributing to the high-quality development of the regional economy [2]. Group 2: Strategic Importance - The project is positioned to make Liangshan Port the first "billion-ton inland port" in northern China, enhancing its role as a key logistics hub [2]. - Jining's inland waterway resources are highlighted as having significant development potential, with the project expected to stimulate industrial aggregation in the region [1][2]. - The port's strategic location at the intersection of the Wari Railway and the Grand Canal is emphasized, facilitating the movement of bulk commodities such as coal, steel, and building materials [2]. Group 3: Economic Impact - Since its initial investment of 2.2 billion yuan in 2015 and subsequent operation in 2017, Liangshan Port has handled a cumulative cargo volume of 150 million tons [2]. - The logistics park, centered around Liangshan Port, integrates port trade, logistics transportation, warehouse receipt pledge, and manufacturing, with projected revenues of 17 billion yuan in 2024 [2]. - The port's cargo handling volume is expected to exceed 42 million tons this year, with revenues anticipated to surpass 20 billion yuan [2].

每经AI快讯，港口航运板块下跌，海通发展跌超7%，厦门港务、国航远洋、安通控股跟跌。 ...

港口航运板块下跌，海通发展跌超9%，厦门港务、国航远洋、安通控股跟跌。 ...

Core Insights - Shandong Port Group launched five core digital supply chain products at the Shandong Port and Shipping Service Development Conference, aiming to enhance logistics efficiency and simplify trade processes through a comprehensive ecosystem connecting ports, trade, manufacturing, and finance [1] Group 1: "千纸鹤" (Pulp Crane) - Qingdao Port is the world's largest pulp import port, handling over 30% of China's imported pulp, with a 22.5% year-on-year increase in throughput in the first half of this year [2][3] - The "千纸鹤PulpCrane" platform offers a digital supply chain service for 45 upstream and downstream clients, integrating logistics information and business processes for real-time data sharing and online operations [2][3] - The platform enables full-process digital tracking of pulp logistics, reducing manual inefficiencies and providing value-added services like supply chain finance and carbon management [3] Group 2: "百链钢" (Steel Chain) - Shandong Port is transitioning from a single port operator to a comprehensive supply chain service provider, focusing on enhancing the efficiency of dry bulk cargo transport, particularly iron ore and coal [4][5] - The "百链钢" product digitizes the entire dry bulk supply chain, integrating various documentation processes online to improve operational efficiency and reduce reliance on paper [5][6] - The service includes a mineral online supermarket and a digital twin service, allowing real-time data access and visualization of logistics operations [6] Group 3: "物流塔" (Logistics Tower) - The "物流塔" service addresses common pain points in traditional logistics, such as slow information response and data silos, by providing a comprehensive smart control system for supply chain management [7][8] - It features a five-layer architecture for data integration, visualization, risk monitoring, intelligent analysis, and decision-making, ensuring end-to-end transparency and optimization [8][9] Group 4: "云集通" (Cloud Collection) - "云集通" integrates multiple transport modes to enhance operational efficiency and resource matching, addressing challenges in road transport standardization and financing [10][11] - The product offers specialized financial services to support logistics teams, facilitating quick credit loans based on operational data and providing risk coverage for cargo transport [11] Group 5: "理货通" (Cargo Inspection) - The "理货通" platform streamlines communication and data management in cargo inspection, allowing real-time updates and centralized data access to improve operational efficiency [12] - It enhances service efficiency by enabling online document processing and providing a unified system for all stakeholders involved in cargo operations [12] Group 6: AI and Innovation - The establishment of a national AI application pilot base in Qingdao aims to explore "AI + Port" practices, contributing to the development of a smart and collaborative port ecosystem [13]

Core Insights - The Guangxi region is actively developing the Western Land-Sea New Corridor as a key project for open development, aiming to create the fastest, best-serviced, and most cost-effective connection between China and ASEAN [4] - The corridor is transforming inland areas into open frontiers and injecting strong momentum into regional coordinated development [4] Infrastructure Development - The construction of the Pinglu Canal, a major project within the Western Land-Sea New Corridor, is in a critical phase, with over 83% of the investment completed and expected to be operational by 2026 [5] - A comprehensive transportation network is being established, featuring 61 land routes, 96 container shipping routes from Beibu Gulf Port, and an integrated logistics system connecting air, land, and sea [6] Port and Logistics Enhancement - Beibu Gulf Port has expanded its capabilities with 119 berths for vessels over 10,000 tons and has implemented integrated sea-rail transport reforms, improving operational efficiency by approximately 30% [7] - The port's cargo throughput is projected to grow from 296 million tons in 2020 to 450 million tons by 2024, with container throughput expected to reach 9.02 million TEUs [8] Digital Transformation - The first automated sea-rail intermodal container terminal in the country has been established at Qinzhou Port, increasing operational efficiency by about 30% and reducing labor needs by 90% [9] - Innovations in customs clearance at the Youyi Pass have enabled a "15-second card pass" system, enhancing cross-border trade efficiency [10] Economic Corridor Development - The Western Land-Sea New Corridor is facilitating the growth of key industries such as new energy, green chemicals, and advanced manufacturing, with several major projects exceeding 10 billion yuan in investment [11] - The corridor has significantly boosted trade, with cumulative import and export trade exceeding 3.2 trillion yuan during the 14th Five-Year Plan period [11] Future Goals - Looking ahead to the 15th Five-Year Plan, Guangxi aims to further enhance the Western Land-Sea New Corridor, focusing on expanding internal and external openness and leveraging artificial intelligence for improved productivity [12]

Core Viewpoint - The Haikou Transportation and Port Management Bureau issued a warning regarding potential service suspensions due to a cold wave affecting the Qiongzhou Strait from the evening of November 17 to November 19, with expected gusts of 8-9 levels [1] Group 1 - The ports of Haikou New Port, Xiuying Port, and Railway South Port may suspend operations during the specified period [1] - Travelers and drivers are advised to plan their trips accordingly and purchase tickets in advance to avoid potential disruptions [1]

Core Insights - The successful voyage of the "Ruifa 26" carrying bauxite from Malaysia marks a significant milestone for the Xiaoqing River's river-sea intermodal transport channel, with over 100 vessels now utilizing this route [1][2] - The Xiaoqing River serves as a crucial part of Shandong's inland waterway network, facilitating efficient logistics and connectivity among five industrial cities [1] - The logistics service system established by Yantai Port integrates coastal ports, river-sea intermodal transport, and inland river unloading, enhancing the overall efficiency of the supply chain [1] Summary by Sections Transport and Logistics - The Xiaoqing River is a key component of Shandong's waterway layout, stretching 237 kilometers and supporting a full-chain logistics service system [1] - Yantai Port has 15 bulk cargo berths capable of accommodating vessels from 3,000 to 100,000 tons, ensuring efficient operations with specialized equipment [1] - The frequency of vessel departures has increased from 2 to 5 per month since the initial operations began [1] Environmental Impact - Inland water transport is characterized by low energy consumption and minimal pollution, with the Xiaoqing River's operations projected to reduce CO2 emissions by 14,600 tons annually based on a transport volume of 40 million tons [1] Trade and Economic Development - Since the Xiaoqing River's opening, the range of transported goods has expanded to over 30 categories, including industrial and construction materials, enhancing regional and international trade connectivity [2]

Core Viewpoint - Guangdong has maintained its position as the leader in China's marine economy for 30 consecutive years, with a marine production value of 2 trillion yuan, marking a new starting point for the province's development [2]. Group 1: Technological Innovation - Technological advancements are becoming the new compass for Guangdong's deep-sea exploration, with innovations such as the successful collection of the "source fire" from deep-sea combustible ice, showcasing the integration of sports and deep-sea technology [4]. - The shift from traditional fishing methods to data-driven aquaculture is evident, with companies like Jinyuan Marine Biological Research Co., utilizing sensors for precise control of water conditions, leading to an annual hatchery output of 52 billion fish [4][5]. - Guangdong has established a 2 billion yuan fund for modern marine ranching, focusing on key species, with a projected 51.14% share of the national marine fish fry production in 2024 [5]. Group 2: Industry Ecosystem Development - The integration of technology and industry is evident in the offshore wind power sector, with the world's largest floating wind power platform demonstrating resilience against extreme weather, propelling Guangdong to the forefront of the offshore wind power industry with an annual output value exceeding 300 billion yuan [6]. - The marine new energy sector is expanding, with projects like the Shenzhen offshore photovoltaic power station and Zhanjiang wave energy device trials contributing to a projected 411 billion yuan output in 2024, reflecting an 8.3% year-on-year growth [6]. Group 3: Sustainable Development and Ecological Protection - Guangdong is innovating in marine economic practices while maintaining ecological integrity, with initiatives like the integrated use of marine space for renewable energy and aquaculture, resulting in a 40% increase in economic output per unit area [13]. - The province is actively restoring marine ecosystems, with over 100,000 acres of mangroves rehabilitated, and promoting eco-tourism as a transition for traditional fishermen [11]. Group 4: Institutional and Model Innovation - Guangdong is breaking down institutional barriers with a new model for land-sea coordination, enhancing operational efficiency in ports by 30% and reducing ship docking time by 25% [13][14]. - The province is implementing a "efficiency revolution" in project approvals, significantly reducing the time required for marine use rights and aquaculture permits, thus stimulating market enthusiasm [13]. Group 5: Future Outlook - The future of Guangdong's marine economy lies in multi-dimensional collaboration rather than isolated industry success, with ongoing efforts to explore deeper into the blue economy [14].

Core Viewpoint - The Haikou Transportation and Port Management Bureau issued a warning regarding potential service suspensions due to strong winds expected in the Qiongzhou Strait from the evening of November 17 to November 19 [1] Group 1: Service Impact - The new Haikou New Port, Xiuying Port, and Railway South Port may suspend operations during the specified period due to weather conditions [1] - Travelers and drivers are advised to plan their trips accordingly and purchase tickets in advance to avoid potential disruptions [1] Group 2: Customer Service Information - Customer service hotlines for New Haikou Port and Xiuying Port are provided for inquiries: 0898-9693666, and for Railway Ferry: 0898-31684464 [1] - A general citizen hotline is also available at 12345 for further assistance [1]