Core Viewpoint - The Shanghai government is advancing the construction of the South Port Phase II roll-on/roll-off terminal project, aiming for it to be operational by 2025, as part of a broader initiative to enhance logistics efficiency and reduce costs in the region [2]. Group 1: Logistics Infrastructure Development - The Shanghai government has issued the "Traffic Logistics Cost Reduction and Quality Improvement Action Plan," which emphasizes increasing the supply of logistics facilities [2]. - Key projects include the development of comprehensive hubs, logistics corridors, service areas on highways, and port terminals, with a focus on land and sea resource guarantees [2]. - The plan includes the addition of truck battery swap stations and charging piles at key highway service areas to support logistics operations [2]. Group 2: Support for New Energy Vehicle Transportation - The initiative supports innovative transportation methods for new energy vehicles through containers and frame boxes, aiming to enhance the coordination and support mechanisms for their transport [2]. - The government is exploring various methods to secure logistics land, including long-term leasing and a combination of leasing and allocation [2]. - The plan also involves revitalizing the surrounding land of the Luchao Port Central Station to optimize logistics operations [2].

Core Insights - The Hainan Free Trade Zone is experiencing significant activity, with stocks such as Intercontinental Oil and Gas, Caesar Travel, and Haima Automobile reaching their daily limit up, indicating strong investor interest [1] - The "14th Five-Year Plan" emphasizes the strategic implementation of the free trade zone, with a critical milestone of full island closure operations expected by 2025, marking a transition in investment focus from duty-free shopping to high-end manufacturing and modern services [1][2] Investment Themes - The investment focus in Hainan is shifting from B2C consumption to B2B industrial upgrades and high-value services, with three core investment themes identified: 1. Modern logistics and trade services, positioning Hainan as a new hub for domestic and international circulation [2] 2. High-tech and green energy sectors, driven by favorable tax incentives aimed at strategic emerging industries such as aerospace and digital economy [2] 3. Beyond duty-free tourism, high-value services like healthcare, exhibitions, aircraft maintenance, and international education are expected to become new growth points [2] Economic Indicators - In 2024, tourism traffic remains high while duty-free sales are under pressure, indicating a structural shift in the economy [1] - Investment in high-tech industries and modern services is growing at rates significantly exceeding GDP growth, with increases of 9.1% and 22.8% respectively, highlighting these sectors as new growth engines [1]

（文章来源：每日经济新闻） 每经AI快讯，11月5日，海南自贸区概念股逆势上涨，海峡股份率先涨停，海南机场、海汽集团涨逾 4%。 ...

达飞与沙特码头运营商红海门户码头（RSGT），签署了一份合资企业投资意向书，以建设、运营吉达伊斯兰港4号码头。 达飞集团日前宣布，通过全资子公司达飞码头（CMA Terminals），与沙特码头运营商红海门户码头（RSGT）签署了一份合资企业投资意向书，以建 设、运营吉达伊斯兰港（Jeddah Islamic Port）4号码头。 据介绍，这一投资约4.5亿美元，将作为RSGT现有特许经营权框架下的组成部分，包括建设吉达伊斯兰港4号码头的基础设施，配备智能化装卸设备，提 升港口可持续发展能力，计划实现年处理能力260万TEU，该码头将由合资公司独立运营。 此次合作旨在提升吉达伊斯兰港的货物处理能力、技术水平及服务可靠性。同时，RSGT的年处理能力将扩大到880万TEU，并进一步巩固吉达伊斯兰港作 为红海重要物流枢纽的地位。 达飞进一步表示，新建的吉达伊斯兰港4号码头，能高效停泊和装卸超大型集装箱船，扩大港口吞吐量和中转业务量，为沙特地区客户提升服务体验与网 络连通性。 达飞集团董事长兼首席执行官Rodolphe Saadé说："很高兴与RSGT达成合作，这是吉达伊斯兰港发展的新里程碑，也将支持沙特2030愿景 ...

Core Points - The launch of two new Southeast Asia shipping routes from Tianjin Port enhances trade connectivity with Indonesia, Singapore, and Malaysia [2][4] - The new routes are expected to shorten shipping times and improve the frequency of shipping schedules in the Southeast Asia region [4] Group 1 - The "Changsheng" vessel, carrying fresh pears, dairy products, and engineering machinery, departed from Tianjin Port to Surabaya and Jakarta, marking the official launch of the new Southeast Asia route [2] - The MSC-operated Sambar route connects Vietnam, Thailand, and Malaysia, providing a more direct shipping channel for cargo owners [4] - The addition of these routes strengthens the shipping trade exchange between North China, Northeast China, and Southeast Asia [4] Group 2 - In the first three quarters of this year, Tianjin Port Group reported a cargo throughput of 385 million tons, a year-on-year increase of 1.6%, and a container throughput of 18.92 million TEUs, up by 3.2% [6]

Core Viewpoint - Qin Port Co., Ltd. (03369) has seen a stock price increase of over 5%, currently trading at HKD 2.98, with a transaction volume of HKD 86.18 million. The company reported a revenue of RMB 1.761 billion for Q3, a year-on-year increase of 9.51%, and a net profit of RMB 403 million, up 22.61% year-on-year. For the first three quarters, revenue reached RMB 5.212 billion, a 2.81% increase, and net profit was RMB 1.391 billion, up 3.87% year-on-year. The growth is attributed to enhanced customer marketing efforts and increased profitability from certain subsidiaries [1]. Financial Performance - Q3 revenue was RMB 1.761 billion, a 9.51% increase year-on-year [1] - Q3 net profit was RMB 403 million, a 22.61% increase year-on-year [1] - Revenue for the first three quarters was RMB 5.212 billion, a 2.81% increase year-on-year [1] - Net profit for the first three quarters was RMB 1.391 billion, a 3.87% increase year-on-year [1] Market Outlook - The coal throughput of Qin Port is correlated with the coal transport volume of the Daqin Railway, maintaining a ratio of approximately 54% from 2014 to 2024 [1] - The company aims to enhance market marketing efforts and optimize the source structure to create space for quality source increments, expecting stable coal throughput [1] - The metal ore throughput is related to the national iron ore import volume, with a ratio of about 11% from 2014 to 2024, showing an upward trend from 2019 to 2024 [1] - The company plans to strengthen customer relationship management and jointly explore markets, anticipating continued growth in iron ore throughput [1] - With the gradual recovery of the global economy, international trade volume is expected to increase, leading to growth in Qin Port's general cargo business [1]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The congestion situation at Chinese ports continues to improve, with the turnover time last week dropping to a recent low, while the port operations in Southeast Asia are volatile and congestion recurs; the strikes at the Port of Antwerp and Rotterdam have ended, but it still takes a long time to handle the backlogged goods, the port congestion scale has been alleviated, but the ship turnover efficiency remains low, and the return journey of ships on European routes is still affected; the operating conditions of North American ports are good [2] 3. Summary by Relevant Catalogs 3.1 Data Review - **Asian Ports**: The weekly average waiting time/berthing time of ocean - going container ships at Yangshan Port, Waigaoqiao Port, Ningbo Port, Qingdao Port, Singapore Port, and Port Klang are 4.8 hours/25.50 hours, 0 hours/21.3 hours, 9.6 hours/24.2 hours, 10.0 hours/27.9 hours, 1.0 hour/31.0 hours, and 8.7 hours/26.4 hours respectively. The latest number of container ships at anchor/berthing are 2/8, 12/24, 7/21, and so on. The average turnover time of Yangshan Port is about 0.9 days, Ningbo Port about 1.6 days, and Yantian Port about 1.0 days. The average time of ships in port at Singapore Port is 1.3 days, and at Port Klang is 1.5 days [2] - **European Ports**: The weekly average waiting time/berthing time of ocean - going container ships at Rotterdam, Antwerp, Hamburg, Bremen, and Valencia are 11.8 hours/60.9 hours, 13.7 hours/50.8 hours, 12.9 hours/55.9 hours, 0 hours/37.4 hours, and 12.3 hours/33.0 hours respectively. The latest number of container ships at anchor/berthing are 6/29, 10/15, etc. The average time of ships in port at Antwerp Port is about 2.7 days, Rotterdam 4.0 days, Hamburg 2.8 days, and Bremen 1.6 days [2] - **North American Ports**: The weekly average waiting time/berthing time of ocean - going container ships at Long Beach, Los Angeles, Tacoma, New York, Savannah, Norfolk, and Houston are 0 hours/101.7 hours, 0 hours/105.0 hours, 0 hours/84.7 hours, 0 hours/39.1 hours, 3.1 hours/31.2 hours, 7.3 hours/24.1 hours, and 22.0 hours/60.4 hours respectively. The operating conditions of North American ports are good [2] 3.2 Key Container Port Stay - time Summary - The latest stay - time, month - on - month, year - on - year, monthly average, and last - year - same - period data of multiple ports such as Yangshan, Ningbo, Singapore, etc. are provided. For example, the latest stay - time of Yangshan Port is 31.2 hours, with a month - on - month decrease of 4.2 hours and a year - on - year increase of 7.5 hours [6] 3.3 Asian Port Dynamic Tracking - Data on the in - port scale of container ships in China and Southeast Asia, the number of container ships at anchor and berthing in some ports in China and Southeast Asia, and the average time of ocean - going container ships in port, waiting time, and berthing time in Southeast Asian and Chinese container ports are presented [8][9][16] 3.4 European Port Dynamic Tracking - Data on the in - port scale of European container ships, the number of container ships at anchor and berthing in some ports in Northwest Europe and the Mediterranean, and the average time of ocean - going container ships in port, waiting time, and berthing time in Northwest European and Mediterranean container ports are provided [20][21][26] 3.5 North American Port Dynamic Tracking - Data on the in - port scale of North American container ships, the number of container ships at anchor and berthing in some North American ports, and the average time of ocean - going container ships in port, waiting time, and berthing time in US container ports are given [32][33][38] 3.6 Large - ship Arrival Situation and Key Hub Monitoring - The arrival situation of large - scale container ships at Yangshan Port, Ningbo Port, and Singapore Port is monitored. The arrival situation of 12,000 + TEU container ships of different alliances (such as Gemini, OA, PA + MSC) in Asia, Northwest Europe, and the Mediterranean is also tracked. In addition, the passage situation of container ships at the Cape of Good Hope, Suez Canal, and Panama Canal is presented [42][45][47]

Core Insights - The article discusses the achievements and progress made by Tianjin in transportation infrastructure during the "14th Five-Year Plan" period, emphasizing the city's commitment to building a strong transportation network and supporting national strategies [1][2][3][4][5][6][7] Group 1: Transportation Infrastructure Development - Tianjin has established a comprehensive three-dimensional transportation network, achieving 88% completion of the planned "nine horizontal and six vertical" expressway network, with a total of 1,358 kilometers of operational routes [2] - The city has increased its high-speed rail intercity mileage by 32%, reaching 410 kilometers, and improved road network density, with 95% of roads classified as secondary or above [2] - The total length of the city's road network is approximately 15,000 kilometers, enabling efficient access to high-speed rail stations and highways within 30 minutes and 15 minutes, respectively [2] Group 2: Port and Shipping Enhancements - Tianjin Port has transitioned from a major port to a strong global port, with container shipping routes increasing by 18 since 2020, totaling 148 routes [3] - The port's cargo throughput is projected to reach approximately 591 million tons by 2025, ranking eighth nationally and ninth globally, with an average annual growth rate of 3.5% [3] - The city has been approved as a central hub for the China-Europe Railway Express in North China, with expected container volumes exceeding 75,000 standard containers by 2025 [3] Group 3: Integration and Service Improvements - The integration of transportation in the Beijing-Tianjin-Hebei region has improved, with 12 high-speed rail stations opened and 49 national and provincial road interfaces established [4] - New transportation services, such as customized express buses and interprovincial public transport, have been introduced to enhance commuter convenience [4] - The city has implemented quality improvement actions across ten transportation sectors, with significant increases in passenger volumes for railways, aviation, and urban transit [5] Group 4: Innovation and Sustainability - Tianjin is advancing smart, green, and high-quality transportation development, with initiatives like automated driving tests and the establishment of a digital transformation demonstration area [6] - The city has achieved a high percentage of new energy vehicles in public transport, with 87.2% of city buses and 74% of taxis being electric [6] - Safety measures in the transportation sector have been strengthened, with a stable safety production situation and effective risk prevention strategies [7] Group 5: Future Goals - The city aims to continue enhancing its transportation network, focusing on projects like the Tianjin-Weifang high-speed rail and improving port facilities [7] - Ongoing efforts will be made to facilitate transportation integration and improve service quality in public transport sectors [7] - The goal is to build a modern, efficient, and resilient transportation system that supports the broader objectives of China's modernization efforts [7]

Core Viewpoint - The conference focused on key issues such as green energy infrastructure development, green port standard systems, and the construction of green shipping corridors, aiming to explore low-carbon transformation paths and technological innovations in the port and shipping industry [1][2]. Group 1: Conference Overview - The "Port and Shipping Green Development Innovation Path" academic seminar was held in Shanghai on October 20, as part of the 2025 North Bund International Shipping Forum [1]. - The seminar was co-hosted by Nestra B.V. (Netherlands) and Wuhan University of Technology, with participation from over 30 representatives from international organizations, academia, and industry experts [3]. Group 2: Key Consensus and Recommendations - Accelerate the construction of green energy infrastructure, including shore power, photovoltaics, wind energy, and hydrogen [5]. - Improve the green port standard system by establishing evaluation standards for carbon emissions and energy efficiency [5]. - Promote the development of green shipping corridors and regional cooperation to facilitate low-carbon transportation and clean energy flow [5]. - Strengthen waste management and circular economy practices in ports to enhance waste resource utilization [5]. - Enhance the application of digital and intelligent technologies to improve resource and energy efficiency [5].

Core Insights - Guangzhou Port successfully completed its first ship-to-ship LNG bunkering operation at the Nansha Port area, marking a significant milestone in its efforts to enhance operational efficiency and safety in LNG supply [1][2] - The operation involved the "Haiyang Shiyou 301," China's first and the world's largest LNG bunkering vessel, which has a capacity of 30,000 cubic meters and a high bunkering rate of 1,650 cubic meters per hour [1] - The global shipping industry is increasingly shifting towards green and low-carbon solutions, with LNG being a preferred clean energy source, thus enhancing the competitiveness of Guangzhou Port [1][2] Summary by Sections LNG Bunkering Operation - The operation involved the bunkering of the 15,000-ton container ship "MSC THAIS" with approximately 3,000 cubic meters of LNG [1] - The bunkering was conducted in conjunction with container loading and unloading operations, showcasing the port's capability for simultaneous operations [1] Safety and Efficiency Measures - A comprehensive bunkering plan was developed in collaboration with customs, maritime, port, and pilotage authorities to ensure safety and efficiency [1] - High-power firefighting tugboats were deployed on-site to monitor and respond to any potential sea condition changes during the operation [1] Green Port Development - Guangzhou Port aims to establish a cleaner and more sustainable development model, having already achieved the capability for anchorage LNG ship-to-ship bunkering in 2023 [2] - The successful implementation of this operation signifies a solid step forward in the port's green development initiatives, contributing to the optimization of the energy structure and supporting carbon neutrality goals [2]