Core Insights - In 2024, Shanghai Port's container throughput reached 51.506 million TEUs, maintaining its position as the world's largest for 15 consecutive years [1] - Shanghai Airport's air cargo and passenger throughput reached 4.206 million tons and 125 million passengers respectively, with year-on-year growth of 11% and 29%, ranking second and third globally [1] Group 1: Shanghai Port Developments - Shanghai Port experienced a 10.2% year-on-year increase in container throughput in May, alongside a notable rise in the number of container ships docking [4] - The average waiting and operation times for container ships have decreased due to lean management and smart port initiatives [4] - The port is advancing towards becoming a green energy refueling center, having successfully conducted the first batch of domestic green methanol refueling for international vessels [4] Group 2: Shanghai Airport Enhancements - The Shanghai Airport Group has implemented a special project to optimize luggage services, improving the first and last luggage retrieval rates from 79.65% in March to 87.2% in May [3] - Cross-border e-commerce cargo throughput at Pudong Airport increased by 29.3% from January to May [3] Group 3: Governance and Management Initiatives - The Shanghai Municipal Transportation Commission is focusing on enhancing party discipline and management effectiveness through comprehensive training and problem-solving mechanisms [2] - A closed-loop management system has been established to address identified issues, with 7 out of 19 immediate problems already resolved [2] - The emphasis on service quality and operational efficiency is part of a broader strategy to enhance the business environment and leadership capabilities within the transportation sector [3]

Investment Rating - The report maintains a rating of "Overweight" for the transportation sector [6] Core Views - The geopolitical risks in the Middle East have escalated, leading to a surge in VLCC freight rates. As of June 15, the freight rate for the VLCC Middle East to China route increased from approximately 40 WS points to 58.5 WS points [2] - The ongoing conflict between Israel and Iran has raised the risks associated with oil transportation, with potential sanctions on Iranian oil production likely to increase demand for compliant oil transportation [3] - The transportation sector is expected to see a recovery in oil shipping rates due to geopolitical tensions and potential sanctions on Iranian oil, which could lead to a shift in market share towards OPEC+ and U.S. shale oil producers [3] Summary by Sections 1. Market Overview - The transportation sector's performance over the past five trading days showed a slight increase of 0.05%, ranking 13th among all sectors. The Shanghai Composite Index decreased by 0.25% [4][9] 2. Shipping Industry 2.1 Oil Shipping - As of June 12, the BDTI index was at 909 points, down 4.4% from the previous week. VLCC rates were at $25,096 per day, down 7.7% [16] - The geopolitical situation has led to increased oil transportation risks, with approximately 11% of global maritime trade passing through the Strait of Hormuz [3] 2.2 Container Shipping - The SCFI index averaged 2,088 points as of June 13, down 6.8%. European freight rates increased by 10.6%, while rates for the U.S. West Coast decreased by 26.5% [35] 3. Air Transportation - In April 2025, domestic passenger traffic in China reached 54.52 million, a year-on-year increase of 7.2%. International passenger traffic increased by 25.9% [59][67] 4. Express Delivery - In May 2025, the volume of express delivery services reached 17.3 billion items, a year-on-year increase of 17.2%, with revenue of 125.6 billion yuan, up 8.2% [72][76] 5. Railway and Road Transportation - In April 2025, railway freight turnover was 3,019 billion ton-kilometers, up 8.4% year-on-year, while road freight turnover was 6,886 billion ton-kilometers, up 2.8% [82][84]

Core Insights - Tianjin Port has transformed into a world-class port connecting 180 countries and regions, showcasing China's vibrant openness to the world [1] - The port has optimized its services for China-Europe (Asia) freight trains, maintaining a leading position in cross-border land bridge transport volume among coastal ports [1][2] - The overall cargo throughput of Chinese ports has shown steady growth, with a total of 5.75 billion tons from January to April 2023, reflecting the resilience and potential of the port industry [2][3] Group 1 - Tianjin Port completed a cargo throughput of 207 million tons and a container throughput of 9.93 million TEUs from January to May 2023, with a year-on-year increase of 3.67% [1] - The port operates 37 sea-rail intermodal train routes, achieving a throughput of 638,000 TEUs, and has a total of 147 container shipping routes [1] - The national port industry is actively exploring smart and green development paths, with a focus on transitioning from a port power to a port stronghold [2][3] Group 2 - China's ports have built over 50 automated terminals, leading the world in both completed and under-construction projects, enhancing operational efficiency [3][4] - The integration of new technologies and the commitment to ecological development are transforming ports into key engines for economic growth [5] - The port economy in Chinese coastal cities is projected to reach 6.7 trillion yuan in 2024, contributing 13.6% to the total economic output of these cities, with a growth of 360.6 billion yuan compared to 2023 [5]

Core Viewpoint - The rise of the Chancay Port is becoming a new engine for the economy of Peru, Latin America, and trade growth with China, with significant economic benefits and job creation expected from its operation [1][13]. Group 1: Economic Impact - The Chancay Port project is expected to generate approximately $4.5 billion in economic benefits annually for Peru, accounting for 1.8% of its GDP, and create around 7,000 direct and indirect jobs [1]. - The port will reduce shipping time from Peru to Asia from 35 days to 25 days, significantly lowering logistics costs and enhancing the competitiveness of Peruvian exports in international markets [1]. Group 2: Trade Relations - Peru's exports to China are primarily agricultural products, and the Asian market is becoming a major destination for these exports [3]. - In 2024, Peru's total exports are projected to reach $74.664 billion, a year-on-year increase of 15.6%, with exports accounting for 26.2% of GDP [7]. - China has been Peru's largest trading partner for ten consecutive years, with bilateral trade totaling $39.758 billion in 2024, a 10.9% increase year-on-year [8]. Group 3: Infrastructure Development - The Chancay Port is part of a broader infrastructure initiative, with discussions ongoing between Brazil and China to build a railway connecting the port to Brazil, which would shorten shipping distances significantly [10][11]. - The proposed railway, known as the "Two Oceans Railway," aims to connect the Atlantic and Pacific coasts of South America, enhancing trade efficiency and potentially increasing Brazil's export capacity by 15% to 20% [11][12]. Group 4: Regional Cooperation - The Chancay Port is seen as a strategic hub for regional countries, with Peru, Chile, and Ecuador forming a collective to facilitate direct trade routes to China [3]. - Brazil's northeastern region, which has significant renewable energy resources, is particularly focused on leveraging the Chancay Port for economic development and trade expansion [9]. Group 5: Investment Environment - Peru's political stability and focus on economic recovery, infrastructure, and digital transformation make it an attractive destination for foreign investment, particularly from China [5][6]. - The country has a diverse economy with a GDP of $271.2 billion in 2024, supported by mining, agriculture, and fisheries, and offers a favorable investment climate with low restrictions on foreign capital [5][6].

Core Viewpoint - Yancheng Port Group has transformed from a relatively underdeveloped port into a significant economic engine for the region within five years, showcasing remarkable growth and development in its port facilities and operations [1][2]. Group 1: Development and Growth - The establishment of Yancheng Port Group in June 2020 marked a strategic shift towards a more integrated port system, evolving from "a group of ports" to a "port cluster" [2]. - In 2021, Yancheng Port entered the ranks of national ports handling over 100 million tons, with self-operated throughput and container volume growth rates leading among coastal ports in China in 2022 [2][3]. - The total cargo throughput for 2023 ranks Yancheng Port 20th among coastal ports in China, with ambitions to break into the top ten ports in the Yangtze River Delta by 2024 [2][3]. Group 2: Infrastructure and Investment - Yancheng Port has expanded its operational capacity significantly, increasing the number of shipping routes from 5 to 62 and achieving a cargo throughput target ahead of schedule [3][4]. - The group has invested over 20 billion yuan in major projects, achieving full coverage of 10,000-ton-level navigable channels across its port areas [4][8]. - The port's operational efficiency has improved, with record-breaking single-vessel loading and unloading operations, and a notable increase in cross-border e-commerce activities [4][6]. Group 3: Strategic Initiatives - Yancheng Port is focusing on multi-modal transport systems, enhancing connections between road, rail, and maritime transport to reduce logistics costs and improve regional competitiveness [6][8]. - The port is actively expanding its international shipping routes, including a new roll-on/roll-off service to the Middle East, which complements local industries such as electric vehicle manufacturing [5][6]. - Future plans include the construction of a significant shipping channel and breakwater projects, aiming to transition from an industrial port to a modern logistics hub [7][8]. Group 4: Future Outlook - Yancheng Port aims to achieve a self-operated cargo throughput of 170 million tons and 1 million TEUs in containers this year, with steady growth in revenue, profit, and tax contributions [8]. - By 2035, the port plans to establish itself as a key hub and aims to become a world-class port by 2050, leveraging the advantages of the Huaihe River's access to the sea [8].

Core Viewpoint - Tianjin Port has achieved significant growth in cargo and container throughput in the first five months of the year, supporting regional economic development [1][3]. Group 1: Performance Metrics - Tianjin Port completed a cargo throughput of 207 million tons, a year-on-year increase of 1.1% [1]. - The container throughput reached 9.931 million TEUs, reflecting a year-on-year growth of 3.7% [1]. Group 2: Transportation and Connectivity - Tianjin Port operates 147 container shipping routes and over 30 roll-on/roll-off routes, enhancing its international connectivity [3]. - The port is the center of 38 intermodal rail-water transport routes covering 14 provinces, leveraging its geographical advantages [3]. Group 3: Technological Innovations - The port has developed intelligent transport robots (ART) with L4 autonomous driving technology, improving overall transport efficiency [5]. - The average operational efficiency of specialized container terminals has increased by 15% due to full-process automation [5]. Group 4: Green Initiatives - Tianjin Port has established a renewable energy system with a capacity of 146.5 MW, including 133.5 MW from wind power and 13 MW from solar power, generating over 300 million kWh of green electricity annually [5][7]. - The port's container terminals have achieved 100% utilization of new energy transport vehicles, contributing to cleaner transportation [7]. Group 5: Broader Impact and Future Prospects - The port has successfully received over 700 Airbus A320 components, aiding in local production and attracting investment [7]. - In the first five months, Tianjin Port welcomed 33 international cruise ships, bringing in 112,000 passengers, enhancing its reputation as a cruise tourism destination [7].

Core Viewpoint - The announcement provides a voluntary disclosure of business volume data for May 2025 by China Merchants Port Group Co., Ltd, highlighting both year-on-year growth and specific regional performance metrics [1]. Group 1: Container Volume - Total container volume for May 2025 reached 1,759.2 million TEU, representing a 4.4% increase year-on-year [2]. - Cumulative container volume for the year stands at 8,367.3 million TEU, reflecting a 6.4% year-on-year growth [2]. - Inland terminals contributed 1,387.7 million TEU in May, with a year-on-year increase of 5.6% [2]. - The Pearl River Delta region saw a slight decline of 1.1% year-on-year, totaling 156.8 million TEU [2]. - The Yangtze River Delta region experienced a robust growth of 9.1%, reaching 918.0 million TEU [2]. - The Bohai Rim region reported a minor decrease of 0.4%, totaling 286.0 million TEU [2]. - Southeast region's container volume increased by 8.2%, totaling 17.4 million TEU [2]. - Southwest region faced a significant decline of 17.0%, with 9.5 million TEU [2]. - Hong Kong, Macau, and Taiwan terminals reported a 21.0% decrease, totaling 42.9 million TEU [2]. - Overseas terminals contributed 328.6 million TEU, marking a 3.9% increase [2]. Group 2: Bulk Cargo Volume - Total bulk cargo volume for May 2025 reached 11,375.8 million tons, showing a year-on-year increase of 7.4% [2]. - Cumulative bulk cargo volume for the year is 52,626.0 million tons, with a slight decline of 0.4% year-on-year [2]. - Inland terminals accounted for 11,301.1 million tons in May, reflecting a 7.6% increase year-on-year [2]. - The Pearl River Delta region's bulk cargo volume decreased by 10.0%, totaling 337.7 million tons [2]. - The Yangtze River Delta region saw a 10.0% increase, reaching 6,953.0 million tons [2]. - The Bohai Rim region reported a 5.4% increase, totaling 3,059.2 million tons [2]. - Southeast region's bulk cargo volume surged by 21.2%, totaling 196.9 million tons [2]. - Southwest region experienced a minor increase of 1.6%, with 754.3 million tons [2]. - Overseas terminals reported a decline of 13.5%, totaling 74.7 million tons [2].

证券代码：600190/900952 证券简称：*ST 锦港/*ST 锦港 B 公告编号：2025-075 锦州港股份有限公司 公司已于2025 年 6 月 6 日公告了股东大会召开通知，持有5.07%股份的股 东锦州港国有资产经营管理有限公司，在2025 年 6 月 13 日提出临时提案并书 面提交股东大会召集人。股东大会召集人按照《上市公司股东大会规则》有关规 定，现予以公告。 锦州港国有资产经营管理有限公司（以下简称"锦港国经"）提交的《关于提请 增加 2024 年年度股东大会临时提案的函》。锦港国经提议将《关于补选董事并调 整董事会专门委员会成员的议案》 《关于补选监事的议案》提交公司 2024 年年度 股东大会审议，该议案已经 2025 年 6 月 13 日召开的第十一届董事会第十三次会 议、第十一届监事会第十一次会议审议通过，具体内容详见公司于 2025 年 6 月 辞职及补选董事、监事的公告》（公告编号：2025-074）。 截至本公告披露日，锦港国经持有公司 5.07%的股份，具有提出临时提案的 资格，且该临时提案属于股东大会职权范围，有明确的议题和具体决议事项，提 案程序和内容等均符合相关规 ...

Group 1 - The core point of the article is that China Merchants Port reported a total container throughput of 17.592 million TEUs in May 2025, representing a year-on-year growth of 4.4% [1] - The total bulk cargo throughput reached 113.758 million tons in May 2025, showing a year-on-year increase of 7.4% [1]

海面上，智能拖轮根据海况自动调整方向，稳稳牵引着巨型货轮靠岸；码头作业区，远程操控的智慧岸 桥整齐排列，无人集卡按照规划路线来回穿梭，呈现出一片繁忙而有序的景象。 中新网天津6月13日电 题：无人集卡穿梭 绿电覆盖七成：解码天津港"智慧+绿色"双核动力 中新网记者 刘文文 当前，天津港大力推动传统码头自动化升级。天津港大数据中心主任曲明对记者说，目前全港集装箱大 型装卸设备自动化占比超88%，稳居全球港口首位。集装箱智能理货业务实现全覆盖，岸桥司机、场桥 司机、理货员等现场操作岗位工作环境也得到极大改善。 绿色港口清新度超标 6月份的天津港，空气清新，海风宜人。走进码头作业区，电动集卡车队井然有序地在智能充电桩旁补 能。天津港在绿色发展上下足了功夫。往昔港口作业中柴油机械轰鸣、高能耗、重污染的场景已一去不 返。如今，电动集卡车组成的绿色运输队川流不息，大型设备全部接入岸电系统，同时，港区内还建设 了光伏电站和储能设施，全方位减少碳排放。 天津港集团环保管理部副总经理李磊介绍，天津港充分利用港区资源禀赋，创新性建设以分布式绿色能 源为主的新型电力系统。截至今年5月，天津港集团已建成新能源发电系统146.5兆瓦。 ...