（文章来源：证券日报） 证券日报网讯 7月29日晚间，中远海特发布公告称，公司第八届董事会第二十八次会议审议通过了《关 于沥青公司光租租入4艘9000吨特种液货船的议案》。 ...

Core Viewpoint - COSCO SHIPPING Development Co., Ltd. plans to construct six 210,000-ton Newcastle-type bulk carriers through its wholly-owned subsidiary, Hainan COSCO SHIPPING Development Shipping Co., Ltd., with a total transaction amount of 3.168 billion RMB [1] Group 1 - The company has entrusted COSCO SHIPPING Heavy Industry Co., Ltd. to build the vessels [1] - The construction will take place at Zhoushan COSCO SHIPPING Heavy Industry Co., Ltd. [1] - The transaction reflects the company's strategy to expand its fleet capacity in the bulk shipping sector [1]

Group 1 - The company, China COSCO Shipping Development Co., Ltd. (中远海发), announced plans to construct six Newcastle-type bulk carriers with a total transaction amount of 3.168 billion RMB [1] - The construction will be carried out by Zhoushan COSCO Shipping Heavy Industry Co., Ltd. (舟山重工), a subsidiary of COSCO Shipping Heavy Industry Co., Ltd. [1] - The vessels will be built through the company's wholly-owned subsidiary, Hainan COSCO Shipping Development Shipping Co., Ltd. (海南海发航运) [1]

Group 1 - The core point of the article is that China COSCO Shipping Development Co., Ltd. (中远海发) has announced a transaction for the construction of six Newcastle-type bulk carriers, each with a capacity of 210,000 tons [1] - The construction will be carried out by Zhoushan Shipbuilding, a subsidiary of China COSCO Shipping Heavy Industry [1] - The agreed price for each vessel is 52.8 million RMB (excluding tax), leading to a total contract value of 316.8 million RMB (excluding tax) for all six vessels [1]

Core Viewpoint - China COSCO Shipping Specialized Carriers Co., Ltd. (中远海特) announced the leasing of four 9,000-ton special liquid cargo ships from its wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd. (沥青公司), for approximately 15 years [1] Group 1: Leasing Details - The leasing involves two ordinary ships under the five-star flag and two ice-class ships not under the five-star flag [1] - The daily leasing fee for the two ordinary ships is approximately 40,250 RMB per day per ship (including tax) [1] - The daily leasing fee for the two ice-class ships is approximately 40,250 RMB per day per ship (excluding tax) [1] - The annual leasing fee for each of the four special liquid cargo ships is approximately 14.69 million RMB per ship [1]

Core Viewpoint - China COSCO Shipping Special Transportation Co., Ltd. (中远海特) announced the leasing of four 9,000-ton special liquid cargo ships from its wholly-owned subsidiary, Hainan COSCO Shipping Asphalt Transportation Co., Ltd. (海南中远海运沥青运输有限公司) for approximately 15 years [1] Group 1: Leasing Details - The leasing involves two five-star ordinary ships and two non-five-star ice-class ships [1] - The daily leasing fee for the two five-star ordinary ships is approximately 40,250 RMB per day per ship (including tax) [1] - The daily leasing fee for the two non-five-star ice-class ships is approximately 40,250 RMB per day per ship (excluding tax) [1] - The annual leasing fee for each of the four special liquid cargo ships is approximately 14.69 million RMB per ship [1]

招商轮船（601872）公告，徐晖、胡斌、孔康三位高级管理人员计划自2025年8月20日至2025年11月19 日，通过集中竞价方式合计减持不超过47.56万股，减持股份占公司总股本比例不超过0.005890%，每人 减持不超过其个人持股总额的25%(徐晖不超过216,622股，胡斌不超过71,390股，孔康不超过187,590 股)。截至公告披露日，三人合计持有公司股份302.34万股，占公司总股本比例0.037444%。公司董事总 经理王永新承诺2025年度内不减持公司股票。 ...

上海正引领长三角这一中国航运贸易活跃区域不断提升能级。从航运贸易数字化合作创新联盟获悉，我 国航运贸易区块链网络（简称"航贸链"）启动运行以来，应用我国自主领先的区块链技术，实现航运贸 易物流、支付、融资等各项业务高效协同，发挥上海国际航运中心优势，赋能长三角区域离岸贸易、大 宗商品交易等各类航运贸易场景提质升级。"航贸链"已服务企业超过30万家，带动交易金额超万亿元。 2023年以来，中国宝武、中远海运、招商局、工商银行、中国银行、中国人保等中央企业和金融机构， 与上港集团、上海数据集团、国家区块链技术创新中心等骨干单位，共同组建了航运贸易数字化合作创 新联盟，应用我国自主领先的区块链技术体系长安链，打造"航贸链"作为数据基础设施，支撑港航运 行、物流运输、金融服务等重点场景，不断推动航运贸易降本增效。 "航贸链"对大宗商品交易的赋能也在持续提升。今年6月，上海大宗商品仓单登记有限责任公司与浙江 国际大宗商品交易中心合作，推进大宗商品"统一登记、数字监管、期现结合、产融互通"。 同期，招商局、中国银行、上海数据集团、国家区块链技术创新中心等多家单位，联合推动大宗商品贸 易数据接入"航贸链"，显著提升大宗商品 ...

央行天津市分行：逐步推动煤电、建材、交通、航运等"N"个重点行业转型金融标准的试用 金十数据7月29日讯，近日，中国人民银行天津市分行联合天津金融监管局、天津证监局、市地方金融 管理局、市工业和信息化局、市发展改革委、市生态环境局印发《发挥转型金融作用服务天津经济绿色 低碳发展的实施意见》。《实施意见》坚持"三个结合"的转型金融发展总体要求，即政策引导与市场驱 动相结合、标准引领与创新驱动相结合、防控风险与推动发展相结合。提出构建"1+1+N"的转型金融标 准试点应用体系，即重点推动"1"个钢铁行业标准、"1"个化工团体标准的试点应用，逐步推动煤电、建 材、交通、航运等"N"个重点行业转型金融标准的试用。 相关链接 ...

Investment Rating - The report maintains an "Outperform" rating for the transportation industry [4][6][7]. Core Views - The "anti-involution" policy in the express delivery sector is expected to ease competition, with Shentong Express planning to acquire Dan Niao Logistics [3][54]. - The shipping industry is anticipated to see a bottoming out of oil transportation rates during the summer, with potential upward pressure on rates due to supply constraints and demand changes [1][22][23]. - The aviation sector is experiencing a decline in flight volumes, but the domestic passenger market is expected to continue optimizing supply and demand dynamics through 2025 [2][37][46]. Summary by Sections Shipping Sector - In July, crude oil entered the off-season, leading to a softening of oil freight rates, with expectations for a bottoming out during the summer [1]. - The current supply situation is relatively tight, and marginal changes in demand could significantly impact freight rates [1][22]. - Recommendations include China Merchants Energy and China Merchants Shipping, with a focus on China Merchants South Oil [1]. Aviation Sector - The overall and domestic passenger flight volumes have decreased by 1.5% and 1.4% respectively compared to the previous week, but remain above 2019 levels [2][37]. - The average ticket price for domestic routes has dropped by 8.0% year-on-year, while passenger load factors have improved slightly [2][37]. - Investment recommendations include closely monitoring ticket price performance during the peak summer season, with a focus on China National Aviation, Eastern Airlines, Southern Airlines, and Spring Airlines [2][46]. Express Delivery Sector - The "anti-involution" policy has been implemented to combat excessive competition, with price increases already observed in regions like Yiwu [3][53]. - The introduction of unmanned logistics vehicles is expected to reduce costs significantly for leading companies like SF Express and Zhongtong Express [3][61]. - Investment suggestions include SF Express, Zhongtong Express, YTO Express, and Shentong Express, with a focus on the impact of the "anti-involution" policy [3][63]. Key Company Earnings Forecasts and Investment Ratings - China Merchants Energy, China Merchants Shipping, SF Express, Zhongtong Express, and YTO Express are all rated as "Outperform" [7]. - SF Express is expected to maintain a growth rate of 15-20% over the next two years, with a PE ratio of approximately 20 times in 2025 [3][63]. - China Merchants Shipping reported a 20.1% year-on-year increase in revenue for Q1 2025, indicating strong performance [27].