Core Insights - The article highlights the modern maritime industry, focusing on the life of young seafarers and the advancements in technology that enhance their working conditions and connectivity at sea [1][2][6]. Industry Overview - As of the end of 2023, China has over 1.982 million registered seafarers, marking a year-on-year growth of 4.5%, with 682,000 engaged in international navigation [1]. - China boasts several world-class ports, including Shanghai, Shenzhen, and Tianjin, maintaining the highest global throughput and container handling capacity [1]. Working Conditions - Modern cargo ships, such as the one operated by the featured seafarer, can transport up to 300,000 tons of crude oil, with a total length of 330 meters [3]. - Living conditions on ships have improved significantly, with crew members enjoying single rooms with private bathrooms, entertainment rooms, and gyms [3][6]. - The introduction of hydroponics on ships provides fresh vegetables, enhancing the quality of life for seafarers [6]. Technological Advancements - The implementation of Starlink technology has improved internet connectivity at sea, allowing seafarers to stay connected with the outside world [6]. - The article discusses the importance of modern maritime technology, which allows a large vessel to be operated by as few as 26 crew members [7]. Career Insights - The maritime profession offers high income potential, with senior positions such as ship captain or chief engineer earning between 90,000 to 100,000 RMB per month [7][8]. - The career path is structured, with clear advancement opportunities for those who can endure the challenges of life at sea [8][29]. Personal Experiences - The article features personal anecdotes from seafarers, illustrating the loneliness and challenges of life at sea, as well as the camaraderie among crew members [10][20]. - New entrants to the industry face significant initial challenges, including physical labor and long periods away from home, but can find fulfillment in the profession [25][26].

四、累计对外担保数量及逾期担保的数量 截至 2025 年 6 月 30 日，公司对外担保余额为 309,061.10 万 元人民币，占公司 2024 年末净资产的比例为 22.41%。上述对外 担 保 余 额 在 公 司 2024 年 度 对 外 担 保 额 度 范 围 （ 公 告 编 号 ： 告编号：2024-038）内。 | 证券代码：600428 证券简称：中远海特 | | 公告编号：2025-031 | | | --- | --- | --- | --- | | 中远海运特种运输股份有限公司 | | | | | 关于 2025 年第二季度提供对外担保的公告 | | | | | 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： | | | | | ? 担保对象及基本情况 | | | | | 被担保人名称 洋浦中远海运特种运输有限公司 | | | | | 本次担保金额 17,533.45 万元 | | | | | 担保 | | | | | 70,048.93 实际为其提 ...

公司对第七届监事会主席及各位监事在任职期间为公司发展做 出的重要贡献表示诚挚感谢！ 特此公告。 关于经修订的《公司章程》等制度生效的公告 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。 控"、"公司"）第七届董事会第十八次会议审议通过了《关于减 少公司注册资本的议案》和《关于取消监事会并修订公司章程（含 附件）、专门委员会制度的议案》，公司第七届监事会第八次会议 审议通过《关于取消监事会并修订公司章程（含附件）的议案》； 司注册资本的议案》和《取消监事会并修订中远海控〈公司章程〉、 〈股东大会议事规则〉及〈董事会议事规则〉的议案》。详见 2025 年 4 月 30 日、5 月 29 日通过指定媒体发布的相关公告或信息披露文 件。 近日，减少注册资本事项已于中国（天津）自由贸易试验区市 场监督管理局完成变更登记，经修订的中远海控《公司章程》亦已 完成备案手续。根据中远海控《公司章程》第二百四十条，本次经 修订的中远海控《公司章程》生效，公司监事会同步取消，《监事 会议事规则》相应废止。本次经修订的中远海控《公司章程》相关 附件《 ...

中远海运控股股份有限公司 董事会议事规则 （经公司2024年年度股东大会批准） 第一章 总则 第一条 为进一步规范中远海运控股股份有限公司(简称"公司"或"本公司") 董事会的议事方式和决策程序，促进董事和董事会有效的履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》、《中华人民共和 国证券法》、《上市公司章程指引》、《上市公司治理准则》、《上市公司独立 董事管理办法》及《香港联合交易所有限公司证券上市规则》等相关法律法规的 规定及《中远海运控股股份有限公司章程》(简称"公司章程")，结合本公司具体 情况，制定本议事规则。如果本议事规则与任何适用的法律法规或上市规则有不 一致或有冲突的地方，需要以适用的法律法规及上市规则为准。 第二章 董事会的职权与授权 第二条 董事可要求总经理或通过总经理要求公司有关部门提供其决策所 需要的资料及解释。总经理应向董事提供必要的信息和资料，以便董事会决策。 如独立董事认为必要，可以聘请独立机构出具独立意见作为其决策依据，聘 请独立机构的费用由公司承担。 第三条 法律法规和公司章程规定应当由董事会提请股东会决定的事项(包 括过半数独立董事提出的事项)， ...

第一章 总则 第一条 中远海运控股股份有限公司(简称"公司")系依照《公司 法》和国家其他有关法律、行政法规成立的股份有限公司。 公司经国务院国有资产监督管理委员会于二〇〇五年二月十 | | | | | 中远海运控股股份有限公司 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 章 | | 程 | | | | | | | | | 第一次修订 | | | 于 | 2005 | 年 | 3 | 月 | 7 | | 日召开的 | 2005 | | 年第一次临时股东大会批准。 | | | 第二次修订 | | | | | | | | | | | 于2006年11月20日召开的临时股东大会和2007年5月15日年度股东 | | | | | | | | 大会批准。 | | | | | | | | | | | | | 第三次修订 | | | 于 | 2007 | 年 | | 10 | 月 | 23 | 日召开的 | 2007 ...

Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided content. 2. Core Viewpoints - The EC2510 and far - month contracts have seen a significant increase recently. The reasons include the change of the main contract from 2508 to 2510, better - than - expected spot market conditions and European port congestion, and some influence from geopolitical factors. The current situation of the European line is stable reality and weak expectation, and the spot price is expected to enter an arc - top trend from late July to early August. [7][8][9] - The recommended strategy is to short the 10 - contract on rallies and hold the 12 - 4 calendar spread. [10] 3. Summary by Relevant Content Shipping Derivatives Data - **Freight Rate Index**: The Shanghai Export Container Freight Index (SCFI) has a current value of 1647, a previous value of 1733, and a decline of 4.98%. The China Export Container Freight Index (CCFI) has a current value of 1304, a previous value of 1314, and a decline of 0.78%. Other regional indices also show different degrees of rise and fall. [4] - **EC Contracts**: Different EC contracts have different current values, previous values, and changes in prices and positions. For example, the EC2508 contract has a current value of 2291.9, a previous value of 2265.9, and an increase of 1.15%, with a position change of - 879. [4] Trade News - The US has reached a trade agreement with Indonesia, imposing a 19% tariff on Indonesian goods, while US goods entering Indonesia are tax - exempt. The US plans to impose a 30% tariff on the EU next month, and the EU is negotiating and drafting counter - measures. India is seeking lower tariffs in trade talks with the US, and Trump hinted at a "pretty good agreement". The deadline for sanctions against Russia may come earlier than 50 days. [5] Market Outlook and Strategy - In the short - term, there may still be a rush to ship in July. After the deep discount on the futures market is repaired, investors are advised not to chase high prices. The recommended strategy is to short the 10 - contract on rallies and hold the 12 - 4 calendar spread. [9][10]

2025 年 07 月 22 日 快递持仓占比大幅提升，航运股退 业 研 究 / 行 业 点 行 业 及 产 业 交通运输 评 看好 ——2025Q2 交运行业基金重仓分析 相关研究 证 券 研 究 报 告 证券分析师 范晨轩 A0230525070003 fancx@swsresearch.com 闫海 A0230519010004 yanhai@swsresearch.com 联系人 范晨轩 (8621)23297818× fancx@swsresearch.com 本期投资提示： 本研究报告仅通过邮件提供给 中庚基金 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 行 出基金重仓前十大 - ⚫ 交运内部快递持仓环比大幅提升，航运股退出基金重仓前十大。Q2 交运消费相关的快 递机构持仓大幅提升，航运、铁路运输、港口、高速公路及原材料供应链服务持仓均有 所下降。 ⚫ 2025Q2 交运行业基金配置总市值达到 258 亿元，环比增长 17%，配置总市值在申万 31 个行业中排名第 14 名，环比 Q1 持平。交运行业基金持仓占全部基金重仓持股的 1.97%，环比 Q1 提升 0.32pct。交运行业市值 ...

Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints - The shipping capacity in August is relatively high, with an average weekly capacity of 320,000 TEU, a month - on - month increase of 8%. However, there is still support from base cargo at the beginning of August. In the next half - month, the market may remain stable or see a slight decline in quotes from some shipping companies [1]. - The downstream is currently booking shipping space for early August (week 30 - 31). The quotes were stable throughout July, around 2400 points. In the fifth week of July (week 31), the quote was $3400, equivalent to around 2400 points on the futures market [2]. 3. Summary by Relevant Catalogs EC Futures Contracts - EC2508 had a closing price of 2367.3, a change of 33.2, a trading volume of 11341, and an open interest of 13245 [1]. - For different EC futures contracts, there were various price changes, trading volumes, and open interest. For example, EC2510 had a closing price of 1644.7, a change of 755.8, a trading volume of 72757, and an open interest of 52717 [1]. - The month - to - month spreads also showed different trends. For instance, the spread between EC2508 - 2510 was 722.6, with a day - on - day increase of 69.7 [1]. Spot Freight Rate Index - SCHI2 on July 21, 2025, was 2400.5 points, a decrease of 0.89% compared to the previous period [1]. - SCFI on July 18, 2025, was $2079 per TEU, a decrease of 0.95% compared to the previous period [1]. - CCFI on July 18, 2025, was 1803.42 points, an increase of 4.46% compared to the previous period [1]. - NCFI on July 18, 2025, was 1440.25 points, an increase of 0.35% compared to the previous period [1]. - TCI on July 18, 2025, was 1054.56 points, a decrease of 0.75% compared to the previous period [1]. Recent European Line Quotes - The downstream is booking space for early August. Quotes were stable in July, around 2400 points. In week 31 of July, the quote was $3400, equivalent to around 2400 points on the futures market [2]. - On July 21, CMA lowered its quotes. The quote at the end of July decreased from $3645 to $3445, from $4145 to $3745 in early August, and from $5245 to $4145 in late August [2]. Related News - On July 19, Hamas reached a comprehensive cease - fire agreement, but Israel rejected it. Hamas was ready for a long - term battle and was willing to release all hostages in Gaza as part of the cease - fire agreement [3]. - On July 21, the Israeli Defense Forces started a ground operation in southern Deir al - Balah in the central Gaza Strip [3]. - On July 22, US President Trump hoped to end the conflict in Gaza through negotiation, achieve a cease - fire, and secure the release of all hostages [3].

就在这个交易即将尘埃落定之际，中远海运如同黑马般出现在谈判桌上，打破了原本看似平静的局面。这家中国最大的航运企业的参与，立刻给交易带来了 新的变量。从某种意义上说，中远的加入不仅是为了保障自身利益，更是一场为国家战略利益而战的行动。毕竟，港口的控制不仅关系到商业利益，更关乎 国家安全和海洋战略。 在全球经济的舞台上，李嘉诚的港口出售事件如同一场精彩的争夺战，几番波折后终于迎来了戏剧性的转折。这场交易牵动着国际资本的神经，也让中国的 航运巨头中远海运走入了聚光灯下。如今，各方博弈如何？让我们深入探讨这一复杂的局面，看看这场交易背后的深意以及可能引发的冲击。 回顾一下事情的起因：李嘉诚决定将43个海外港口出售给美国投资巨头贝莱德集团，出价高达1657亿元人民币。在这一决定被公开时，不少人对李嘉诚的选 择感到困惑，这不仅是商业利益的考量，更关乎国家利益的深层次思考。众所周知，这些港口的控制权显然不是单纯的市场行为，而是涉及到国与国之间的 博弈，尤其是处于中美关系紧张的背景下。 为何李嘉诚在众多中国企业的收购提议中选择了美国的贝莱德？答案或许在于潜在的利益和战略考量。贝莱德身后庞大的资金派系及其与美国政府千丝万缕 的 ...

Report Overview - Report Date: July 22, 2025 [1] - Report Type: Container Shipping Daily Report - Research Group: Shipping Research Team 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core Viewpoints - SCFIS is stabilizing, with the main contract rising and then falling, and the near - month contract continuing to repair the basis. If there is a callback today, consider adding positions [2]. - Amid geopolitical conflicts and tariff uncertainties, the game is difficult, and it is recommended to participate with a light position or wait and see [5]. - The short - term market may mainly rebound, and different strategies are proposed for different contracts [6]. 3. Summary by Relevant Content 3.1 Shipping Indexes - On July 21, the Shanghai Export Container Settlement Freight Index (SCFIS) for the European route was 2400.50 points, down 0.9% from the previous period; for the US West route, it was 1301.81 points, up 2.8% [3]. - The Ningbo Export Container Freight Index (NCFI) on July 18: the composite index was 1147.96 points, down 5.75%; the European route was 1440.25 points, up 0.35%; the US West route was 1181.87 points, down 0.40% [3]. - The Shanghai Export Container Freight Index (SCFI) on July 21: the composite index was 1646.90 points, down 86.39 points; the European line price was 2079 USD/TEU, down 1.00%; the US West route was 2142 USD/FEU, down 2.4% [3]. - The China Export Container Freight Index (CCFI) on July 18: the composite index was 1303.54 points, down 0.8%; the European route was 1803.42 points, up 4.5%; the US West route was 941.65 points, down 8.4% [3] 3.2 Economic Data - Eurozone's June manufacturing PMI preliminary value was 49.4, service PMI was 50 (2 - month high), and composite PMI was 50.2. The Sentix investor confidence index was 0.2 [3]. - China's Caixin manufacturing PMI in June was 50.4, up 2.1 points from May [3]. - US June Markit manufacturing PMI preliminary value was 52, service PMI was 53.1 (2 - month low), and composite PMI was 52.8 (2 - month low) [3] 3.3 Market Situation - Trump continued to impose tariffs on multiple countries, mainly in Southeast Asia, hitting re - export trade. Some shipping companies announced price increases. The tariff negotiation date was postponed to August 1. The spot market price range was set, with small price increases to test the market, and the market rebounded slightly [5]. - On July 21, the main contract 2510 closed at 1592.7, down 2.35%, with a trading volume of 69,300 lots and an open interest of 51,200 lots, a decrease of 186 lots from the previous day [5]. 3.4 Strategies - Short - term strategy: The short - term market may rebound. Risk - takers are advised to go long on the 2510 contract below 1300 (already with a profit margin of over 300). If it continues to decline today, consider adding positions. Consider shorting the EC2512 contract above 1950 [6]. - Arbitrage strategy: In the context of international situation instability, with a positive spread structure and large fluctuations, it is recommended to wait and see or try with a light position [6]. - Long - term strategy: It is recommended to take profits when each contract rises, wait for the market to stabilize after a decline, and then judge the subsequent direction [6]. 3.5 Policy Adjustments - The daily price limit for contracts 2508 - 2606 is adjusted to 18% [6]. - The company's margin for contracts 2508 - 2606 is adjusted to 28% [6]. - The daily opening limit for all contracts 2508 - 2606 is 100 lots [6] 3.6 Geopolitical News - A new round of Gaza cease - fire negotiations in Doha is expected to reach an agreement within two weeks, and all parties are cautiously optimistic [7]. - Iran's Foreign Minister Alaqqi wrote to the UN Security Council and the Secretary - General regarding the UK, France, and Germany's threat to activate "rapid - restoration sanctions", stating that their actions are invalid [7]