证券日报网讯 2月13日，锦江航运（601083）在互动平台回答投资者提问时表示，二级市场股价受到股 指波动、板块轮动和市场情绪等多方面因素影响。公司及管理层一直高度重视全体股东利益和公司价 值，聚焦集装箱运输业务，坚持精品航线理念，打造差异化的竞争优势，追求高质量可持续发展，日常 经营和管理方面均平稳有序。公司严格遵守相关规则履行信息披露义务，不存在应披未披事项。2025年 前三季度，上海日本航线、上海两岸间航线等传统优势航线以高品质服务继续保持市场占有率第一。 2025年公司稳步推进东南亚及新兴区域航线布局，2025年4月开设又一条"丝路快航"系列精品航线—胡 志明丝路快航，并在5月完成服务升级，提供"胡志明丝路快航"串联至日本关中航线的HDS服务；2025 年6月新开华北、韩国-印巴航线；2025年12月新开链接华北、华东及东南亚区域的航线—泰越快线，同 时携手境内外港航企业推出又一条东南亚系列快航产品泰国丝路快航。 ...

Group 1 - The A-share market experienced a decline on the last trading day of the Year of the Snake, with major indices falling over 1% and total trading volume below 2 trillion yuan [1] - The military industry sector saw gains due to international tensions, while sectors like photovoltaic equipment and steel faced significant declines [1] - Analysts suggest that investors should "hold stocks over the holiday" as a new market trend is expected post-holiday [1] Group 2 - The China Securities Regulatory Commission (CSRC) has imposed penalties on Tianfeng Securities for illegal financing and information disclosure violations related to the Wuhan Contemporary Technology Industry Group [2] - Tianfeng Securities and its former executives face fines totaling 34.8 million yuan, with lifetime market bans for key individuals [2] - The Shanghai and Shenzhen Stock Exchanges have issued notifications to standardize investor education and compliance requirements for bond repurchase transactions [2] Group 3 - TrendForce predicts that HBM4 validation will be completed by Q2 2026, driven by increasing GPU demand from AI infrastructure expansion [3] - The global DRAM/NAND Flash market is expected to reach $75.51 billion by Q4 2025, with a quarter-on-quarter growth of 29.2% [4] - The lithium carbonate price surged in January 2026, with battery-grade prices rising by 28.15% to 152,500 yuan per ton [4] Group 4 - The Chinese gaming market reported actual sales revenue of 32.468 billion yuan in January 2026, reflecting a year-on-year growth of 4.47% [5] - Huawei's former multimedia technology department head was arrested for bribery, highlighting internal compliance issues [5] - Luxury brands LV, Dior, and Tiffany were fined over 36 billion won in South Korea for customer information leaks [6] Group 5 - Pinduoduo established two new affiliated companies in Shanghai with a combined registered capital of 15 billion yuan, indicating potential supply chain upgrades [7] - Haoyou Engineering won a $4 billion contract for the NFPS COMP5 project in Qatar, with the company's share exceeding $800 million [8] - Qiaoyin Co. terminated its artificial intelligence headquarters project due to changes in investment conditions [9] Group 6 - Juguang Technology announced plans for shareholders to reduce their stakes by up to 2.33% of the company's total shares [10] - Yatai Group intends to sell a 20.81% stake in Northeast Securities, with the transaction subject to uncertainties [11] - Warner Pharmaceuticals reported a 46.95% increase in net profit for 2025, reaching 241 million yuan [12] - Lianrui New Materials achieved a 16.42% increase in net profit for 2025, totaling 293 million yuan [14] - Huayin Technology expects a 24.28% decrease in net profit for 2025, projecting 313 million yuan [15] - Ruijun New Materials reported a 23.48% increase in net profit for 2025, amounting to 311 million yuan [16] - Qizheng Tibetan Medicine's net profit grew by 10.98% in 2025, reaching 646 million yuan [17]

1. Report Industry Investment Rating No information regarding the report industry investment rating is provided in the given content. 2. Core View of the Report - The pre - holiday freight rate drive is weak, and the near - term 04 contract is expected to fluctuate. Attention should be paid to whether the shipping companies' price - holding measures are implemented after the holiday. The cancellation of VAT export tax rebates for products such as photovoltaics may disrupt the shipping rhythm and the pricing strategies of shipping companies. It is necessary to monitor whether the freight volume from the Far East to Europe in February and March can increase significantly and whether the actual freight rate will be firmer than in normal years. The 04 contract's volatility is expected to increase, and investors are advised to participate with caution. Shipping companies usually issue price - increase letters in March and April to stabilize prices. As of now, it is still unclear whether the price increase in March will succeed. If the price increase is successful in early March, the valuation bottom of the EC2604 contract may rise. The long - term contracts face intense speculation on the resumption time, and the volatility is expected to remain high. The resumption of the Suez Canal is expected to be a gradual process. If it does not resume in the first half of 2026, the pressure on the shipping capacity in the first half of the year will be relatively controllable, and higher freight rates can be expected. Investors can consider the arbitrage opportunity of going long on EC2606 and short on EC2610 [5][6][7]. 3. Summary by Relevant Catalogs I. Futures Prices - As of February 12, 2026, the total open interest of all container shipping index European line futures contracts is 54,481.00 lots, and the daily trading volume is 42,518.00 lots. The closing prices of EC2604, EC2606, EC2608, EC2610, and EC2512 contracts are 1258.90, 1566.10, 1632.00, 1131.10, and 1425.40 respectively [8]. II. Spot Prices - On February 6, the SCFI (Shanghai - Europe route) price was 1403 US dollars/TEU, the SCFI (Shanghai - West Coast of the United States) price was 1801 US dollars/FEU, and the SCFI (Shanghai - East Coast of the United States) price was 2530 US dollars/FEU. On February 9, the SCFIS (Shanghai - Europe) was 1657.94 points, and the SCFIS (Shanghai - West Coast of the United States) was 1155.66 points [8]. III. Container Ship Capacity Supply - **Static Supply**: As of January 31, 2026, 6 container ships with a total capacity of 46,950 TEU have been delivered in 2026. Among them, 2 ships with a capacity of 12,000 - 16,999 TEU and 1 ship with a capacity of over 17,000 TEU have been delivered. In terms of delivery expectations, for ships with a capacity of 12,000 - 16,999 TEU, 737,400 TEU (50 ships) are expected to be delivered in the remaining months of 2026, 944,600 TEU (64 ships) in 2027, 1,212,000 TEU (82 ships) in 2028, and 415,400 TEU (29 ships) in 2029. For ships with a capacity of over 17,000 TEU, 192,900 TEU (8 ships) are expected to be delivered in the remaining months of 2026, 862,800 TEU (40 ships) in 2027, 1,603,000 TEU (80 ships) in 2028, and 1,261,500 TEU (77 ships) in 2029. The delivery pressure of ultra - large ships in 2026 is relatively small, and only 4 ships with a capacity of over 17,000 TEU will be delivered in the first half of 2026 [3]. - **Dynamic Supply**: In the remaining three weeks of February, the average weekly capacity is 271,600 TEU, with capacities of 366,600 TEU, 259,800 TEU, and 188,300 TEU in Weeks 7, 8, and 9 respectively. In March, the average weekly capacity is 288,400 TEU, with capacities of 158,300 TEU, 365,200 TEU, 304,700 TEU, 320,400 TEU, and 293,500 TEU in Weeks 10 - 14 respectively. In April, the average weekly capacity is 274,700 TEU, with capacities of 295,500 TEU, 294,400 TEU, 263,500 TEU, and 245,400 TEU in Weeks 15 - 18 respectively. There are 13 blank sailings in February (6 by the OA Alliance, 6 by the PA Alliance, and 1 by the Gemini Alliance), 7 blank sailings and 3 TBNs in March, and 1 blank sailing and 4 TBNs in April [4]. IV. Supply Chain - The resumption of the Suez Canal is expected to be a gradual process. COSCO management indicates that there is still no clear schedule for the full resumption of the Red Sea route. It may take 3 - 5 months from the attempt to full resumption. Multiple conditions need to be met for the resumption of the Red Sea route, including industry association assessment, insurance premium reduction, customer recognition of safety, and internal consensus within the alliance. Currently, the detour has become the new normal for the customer supply chain, and COSCO is cautious about returning to the Red Sea. Since mid - February 2026, Maersk's ME11 route will be structurally adjusted to transit through the Red Sea and the Suez Canal. If possible, Maersk will also adjust the AE12 and AE15 services in the subsequent stage to pass through the Red Sea and the Suez Canal [7]. V. Demand and European Economy No specific content related to demand and European economy is provided in the given text other than the figures mentioned in the catalog.

Market Overview - On February 13, A-shares saw a collective decline across major indices, with the Shanghai Composite Index dropping by 1.26%, the Shenzhen Component Index by 1.28%, and the ChiNext Index by 1.57% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets approached 2 trillion yuan, a decrease of 161.8 billion yuan from the previous day, with over 3,800 stocks declining [1] Sector Performance - The film and theater, paper, semiconductor equipment, and intelligent cockpit sectors showed the highest gains, while the photovoltaic equipment, minor metals, steel, port shipping, oil and gas extraction and services, glyphosate, rare earth permanent magnets, and chemical sectors experienced the largest declines [1] Semiconductor and Storage Chip Sector - The semiconductor and storage chip sectors demonstrated resilience, benefiting from the AI wave, with companies like Deep Technology (000021) hitting the daily limit and others like Northern Huachuang (002371) and Jiangbolong (301308) also seeing gains [2] Shipping Sector - Shipping stocks experienced significant declines, with companies such as COSCO Shipping Energy (600026), China Merchants Nanyou (601975), China Merchants Jinling (601872), and Jinjiang Shipping (601083) all opening lower [2][3] - The drop in these stocks was primarily influenced by a sharp decline in logistics stocks in the US market, where the Russell 3000 Trucking Index fell over 9% [4] AI Companies in Hong Kong - In the Hong Kong market, AI companies MiniMax and Zhiyuan both saw their market capitalizations exceed 200 billion HKD [5] - MiniMax launched its new generation text model MiniMax M2.5, which significantly improved its programming capabilities, while Zhiyuan introduced its flagship model GLM-5, which also achieved notable advancements in performance [7]

Market Overview - On February 13, the A-share market saw a collective decline in the three major indices, with the Shanghai Composite Index falling by 1.26%, the Shenzhen Component Index by 1.28%, and the ChiNext Index by 1.57% [1][2] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was nearly 2 trillion yuan, a decrease of 161.8 billion yuan compared to the previous day, with over 3,800 stocks declining [1] Sector Performance - In terms of sector performance, the film and television, paper-making, semiconductor equipment, and intelligent cockpit sectors saw the largest gains, while the photovoltaic equipment, small metals, steel, port shipping, oil and gas extraction and services, glyphosate, rare earth permanent magnets, and chemical sectors experienced the largest declines [3] Semiconductor and Storage Chip Sector - The semiconductor and storage chip sectors showed resilience, benefiting from the AI wave, with stocks like Deep Technology hitting the daily limit and companies such as Northern Huachuang and Jiangbolong seeing significant gains [5] - The storage chip and semiconductor equipment sectors performed well despite the overall market downturn [4] Shipping Sector - The shipping stocks collectively plummeted, with companies like COSCO Shipping Energy, China Merchants Jinling, and China Merchants Shipping experiencing significant declines [5][6] - This decline was primarily influenced by a sharp drop in logistics stocks in the US market, where the Russell 3000 Trucking Index fell over 9% [7] AI and Technology Developments - In the Hong Kong market, AI companies MiniMax and Zhizhu both saw their market capitalizations exceed 200 billion HKD, reflecting strong investor interest [8] - MiniMax launched its new generation text model MiniMax M2.5, which showed significant improvements in programming capabilities, while Zhizhu introduced its flagship model GLM-5, which also demonstrated enhanced performance [11]

【国关文化讯】近年以来，美国针对中国"一带一路"沿线的"海陆围堵"战略已经进入深度执行阶段，这 一战略通过军事部署、经济制裁、技术封锁等多维度手段，旨在切断中国连接欧亚的能源与贸易动脉。 该战略的实施已经导致中国在经贸往来和能源进口上受到显著的实质性损失。 一、美国的"海陆围堵"战略：全方位的封锁与破坏 美国的围堵战略不仅局限于单一的军事威慑，而是通过以下两条主线全方位打击—— 海上制衡：控制关键航道，制造运输风险 美国通过在马六甲海峡、红海、巴拿马运河等战略要塞的军 事存在与行动，制造混乱，试图切断中国能源与贸易的海上生命线。美国不仅派遣航母战斗群巡逻，还 通过支持当地武装或挑起地区争端来间接威胁中国的船只安全。如果这些关键航道被美国或其盟友封 锁，中国的能源进口和海上贸易通道将面临瘫痪的风险。 陆上上渗透：遏制基础设施建设与能源管道 在陆地方面，美国通过"蓝点网络计划"等舆论战术，利 用"债务陷阱"论抹黑"一带一路"，并且在中亚、巴尔干地区"挖墙脚"。美国通过拉拢当地国家、制造地 区冲突，阻碍中吉乌铁路、里海油气管道等项目的推进，切断中国连接欧亚的能源与贸易动脉。 经济与技术封锁：制造"卡脖子"危机 除了 ...

Report Industry Investment Ratings - **Cautiously Bullish**: Index futures (IH, IF, IC, IM), rubber, coking coal, coke, manganese silicon, ferrosilicon, gold, silver, aluminum, lithium carbonate, corn [5] - **Cautiously Bearish**: Crude oil, methanol, steel, hot-rolled coil, iron ore, apple [5] Core Views - The IEA has lowered the forecast for global oil demand growth in 2026 and expects a daily surplus of 373,000 barrels, mainly due to increased supply from OPEC+ and non-OPEC+ countries [1][3][12] - The US Department of Agriculture predicts that Brazil's cotton exports in the 2025/26 season will reach 14.5 million bales, a 6% year-on-year increase [1] - The COMEX's silver inventory has decreased, with a net out-of-warehouse volume of 4.7 million ounces in 24 hours [1] - Most domestic futures contracts fell at the night session, with crude oil down over 2% and caustic soda up over 3% [1] - The overall stock index is expected to continue its phased bullish pattern in February, but potential disturbances from overseas capital markets during the Spring Festival holiday should be watched out for [4][10] - For precious metals, after market adjustment and the accumulation of new positive factors, gold is expected to return to a steady upward channel, and investors are advised to wait and see for silver [2][17] Summary by Directory 1. Main News on the Day International News - US President Trump is expected to visit China in early April, and President Xi Jinping will meet with him. The China-US trade "ceasefire" is expected to be extended [6] Domestic News - The People's Bank of China will conduct a 1-trillion-yuan outright repurchase operation on February 13, with a 6-month term. The 6-month outright repurchase will be increased for the sixth consecutive month, with an increase of 50 billion yuan [7] Industry News - The Ministry of Education has issued an opinion on deepening the reform of key elements in vocational education teaching, focusing on adding new majors in fields such as low-altitude economy and artificial intelligence [8] 2. Daily Returns of External Markets - Most external market varieties showed price declines on February 12, with London silver having the largest drop of 10.73%, followed by ICE Brent crude oil at 2.99% and London gold at 3.17%. Only a few varieties such as ICE No. 2 cotton, CBOT soybeans, and CBOT wheat showed price increases [9] 3. Morning Comments on Major Varieties Financial - **Stock Index**：The overall stock index is expected to continue its phased bullish pattern in February, but potential disturbances from overseas capital markets during the Spring Festival holiday should be watched out for [4][10] - **Treasury Bonds**：Treasury bond futures prices are expected to stabilize, and cautious operation is recommended before the Spring Festival [11] Energy and Chemicals - **Crude Oil**：sc crude oil fell 5.14% at the night session. The global oil market is facing a large surplus, with supply growth outpacing demand [3][12] - **Methanol**：Methanol fell 0.04% at the night session. The overall coastal inventory is basically flat, and the inventory process is slow [13] - **Natural Rubber**：Natural rubber slightly declined. With the approaching Spring Festival, risk control and position reduction are recommended [14] - **Polyolefins**：Polyolefin futures mainly fell. The market currently focuses on the expectation of supply improvement, and short-term prices follow cost fluctuations [15] - **Glass and Soda Ash**：Glass futures slightly fell, and soda ash futures mainly declined. The supply and demand of glass are gradually being repaired, while the supply of soda ash has slightly shrunk, and the effectiveness of supply and demand repair needs further observation [16] Metals - **Precious Metals**：Precious metals fell, with silver having a larger decline. After market adjustment and the accumulation of new positive factors, gold is expected to return to a steady upward channel, and investors are advised to wait and see for silver [2][17] - **Copper**：Copper prices may enter an adjustment phase in the short term, and attention should be paid to changes in the US dollar, copper smelting output, and downstream demand [18] - **Zinc**：Zinc prices may follow the overall trend of non-ferrous metals. Attention should be paid to changes in the US dollar, smelting output, and downstream demand [19] - **Aluminum**：The short-term industrial situation of aluminum is relatively weak, but in the long term, low inventory, supply constraints, and stable demand provide relatively strong support for the price [20] - **Lithium Carbonate**：The market sentiment has turned weak again, and the futures price of lithium carbonate has continued to fall. It is recommended to pay attention to the right-side trading opportunities after volatility reduction and participate cautiously [21][22] Black Metals - **Coking Coal and Coke**：The main contracts of coking coal and coke showed a volatile trend at the night session. After the Spring Festival, attention should be paid to the trend of hot metal production, mine operation, and import policies [23] - **Steel**：The steel market is currently in a situation of weak supply and demand, with inventory accumulation accelerating. Steel prices are expected to continue the volatile and weak pattern [24] - **Iron Ore**：The short-term iron ore price is expected to maintain a volatile and weak operation, and steel mills are expected to replenish inventory on demand [25] Agricultural Products - **Protein Meal**：Domestic soybean meal has strengthened following the external market, but the high inventory and sufficient supply in the far month are expected to continue to put pressure on prices [26][27] - **Oils and Fats**：Oils and fats showed a weak and volatile trend at the night session. The palm oil inventory in Malaysia is in the de-stocking cycle, and prices are expected to be mainly volatile in the short term [28] - **Sugar**：Zhengzhou sugar is expected to be weak in the short term, with the international sugar price breaking through the downward trend [29] - **Cotton**：Zhengzhou cotton is expected to maintain a range-bound trend in the near term, with potential pressure on the upside in the short term [30] - **Hogs**：The short-term hog price may show a narrow-range shock, supported by sentiment and local inventory replenishment, but the overall upside space is limited [31] Shipping Index - **Container Shipping to Europe**：EC rose 6.4%. Before the Spring Festival, it is expected to be in a volatile pattern, and after the Spring Festival, attention should be paid to the verification of cargo volume expectations and the actual implementation of price increase letters [32][33]

Market Overview - On February 13, A-shares experienced a collective decline, with the ChiNext Index leading the drop, closing down 0.96%. The Shanghai Composite Index fell by 0.7%, and the Shenzhen Component Index decreased by 0.67%. The total trading volume in the Shanghai and Shenzhen markets reached 1.2 trillion yuan, with over 2,600 stocks declining [1]. Sector Performance - The military industry sector showed strong performance, with Aystar Anchor Chain (601890) hitting the daily limit. The semiconductor sector was active, with concepts related to photolithography and photolithography adhesives rapidly rising. Guofeng New Materials (000859) achieved two consecutive trading limits in four days, while Fuchuang Precision rose over 12%. Semiconductor equipment concepts continued to strengthen, with Shenghui Integration (603163) hitting the daily limit and reaching a historical high [2]. - In contrast, the port and shipping sector saw a collective decline, with China Merchants Energy (600026) and China Merchants Shipping (601872) experiencing significant drops. The photovoltaic equipment sector weakened, with leading stock Shuangliang Energy (600481) hitting the daily limit and losing 2 billion yuan in market value in one day. Other stocks like GCL-Poly Energy (002506) fell over 8% [3]. Hong Kong Market - The Hong Kong market opened lower and continued to decline, with the Hang Seng Index down 1.8% and the Hang Seng Tech Index down 1.6%. Major tech stocks saw declines, with Tencent Music dropping over 10%, Meituan down over 4%, and Baidu Group down 4%. Other companies like JD.com, Bilibili, Li Auto, Alibaba, and Trip.com also experienced declines of over 2% [3]. - The semiconductor sector in Hong Kong showed strength, with Aixin Yuan Zhi rising over 16% and Tian Shu Zhi Xin increasing over 9%. Other stocks like Zhaoyi Innovation (603986) and Brain Hole Technology also saw gains. The large model concept stocks performed actively, with Zhipu Technology reaching a historical high of 492 HKD before narrowing its gains to 12%, having increased over 120% this week [3]. New Listings - The new stock Haizhi Technology Group had an impressive debut, rising over 268% during the day to 99.6 HKD, with a profit of 14,505 HKD per lot based on the issue price of 27.06 HKD per share. The public offering phase recorded an oversubscription of 5,065.06 times, ranking among the top in recent years for Hong Kong IPOs [4]. - Industrial analysts at Industrial Securities expressed optimism for the Hong Kong market, suggesting a "technology bottom + cyclical recovery + beta in dividends" approach to embrace the spring market. Current short-selling transactions account for about 19.2%, indicating that market sentiment has reached a relatively low point, providing momentum for a short-term rebound [4].

Core Viewpoint - The A-share shipping sector experienced a collective decline, with several major companies seeing significant drops in their stock prices, indicating a bearish trend in the industry [1]. Group 1: Company Performance - China COSCO Shipping Energy Transportation Co., Ltd. (中远海能) saw a decline of 7.74%, with a total market capitalization of 94.4 billion [2]. - China Merchants Energy Shipping Co., Ltd. (招商轮船) dropped by 7.19%, with a market cap of 99.1 billion [2]. - China Merchants South China Sea Oil Transportation Co., Ltd. (招商南油) fell by 6.48%, with a market value of 16.9 billion [2]. - Jinjiang Shipping Co., Ltd. (锦江航运) decreased by 3.17%, with a market capitalization of 15 billion [2]. - China COSCO Shipping Specialized Carriers Co., Ltd. (中远海特) declined by 2.96%, with a market cap of 21.6 billion [2]. - HNA Technology Co., Ltd. (海航科技) dropped by 2.54%, with a market value of 12.2 billion [2]. - Air China Ocean Shipping Co., Ltd. (国航远洋) fell by 2.48%, with a market capitalization of 5.026 billion [2]. - China COSCO Shipping Development Co., Ltd. (中远海发) decreased by 2.22%, with a market cap of 34.8 billion [2]. - Ningbo Ocean Shipping Co., Ltd. (宁波远洋) saw a decline of 2.08%, with a market value of 12.3 billion [2]. Group 2: Year-to-Date Performance - Year-to-date, China COSCO Shipping Energy Transportation Co., Ltd. has increased by 47.95% [2]. - China Merchants Energy Shipping Co., Ltd. has seen a year-to-date increase of 36.64% [2]. - China Merchants South China Sea Oil Transportation Co., Ltd. has a year-to-date increase of 19.54% [2]. - Jinjiang Shipping Co., Ltd. has a modest year-to-date increase of 3.94% [2]. - China COSCO Shipping Specialized Carriers Co., Ltd. has increased by 10.85% year-to-date [2]. - HNA Technology Co., Ltd. has a year-to-date increase of 10.18% [2]. - Air China Ocean Shipping Co., Ltd. has a year-to-date decrease of 8.03% [2]. - China COSCO Shipping Development Co., Ltd. has a year-to-date increase of 4.76% [2]. - Ningbo Ocean Shipping Co., Ltd. has a year-to-date increase of 2.84% [2].

2025年由第一财经、上海市融资租赁行业协会和上海交易集团联合打造的"融资租赁产融讲坛"系列公益 活动，获得业内关注和租赁机构积极参与，全年围绕跨境租赁、资产证券化、生物医药、文旅产融租 赁、低空与航空租赁、科创租赁认股权等主题，尝试助力融资租赁公司破解业务痛点、难点，促进产融 对接，也为全国融资租赁公司与产业方提供了深度交流平台，切实推动租赁业高质量发展的业务探索。 详情及合作咨询 CONTACT INFORMATION 首场讲坛启动 聚焦地缘变局下的航运业（船舶资产）风险与机遇 2月5日，"融资租赁产融讲坛"特邀全球历史最悠久、最具影响力的海事航运资讯机构——Lloyd's List Intelligence，在上海举办《全球变局之下的航运企业应对之策》专题闭门沙龙，围绕全球海域地缘政治 冲突升级对航运贸易链的冲击展开深入探讨，并从船舶运营风险识别持续深入，全球海事领域权威媒体 《劳氏日报》主编沈慈晨深入解读国际制裁政策要点，为航运企业合规经营提供权威指引。洲际船务发 展（新加坡）有限公司副总经理张骏从实务角度分析航运业务风险与机遇，分享了一线操作经验。上海 四维乐马律师事务所李迎春律师，以第三方视角剖析 ...