Core Viewpoint - The company, Xingtong Co., Ltd. (603209.SH), has achieved the top score of 95.2 in securing an additional capacity of 7,000 cubic meters for non-liquid ammonia dedicated liquefied petroleum gas shipping, marking a significant milestone in its operational capabilities [1] Group 1: Company Achievements - The company will apply for the approval of the new capacity according to the procedures set by the Ministry of Transport, with the final capacity subject to the relevant administrative license documents issued by the Ministry [1] - Since 2019, the Ministry of Transport has conducted eight comprehensive evaluations for the addition of shipping capacity for coastal inter-provincial bulk liquid hazardous goods, with the company achieving first place in all twelve projects over seven consecutive years [1] Group 2: Strategic Importance - The application for additional capacity aligns with the company's strategic planning and responds to the trend of green shipping development [1] - As a leading enterprise in the domestic coastal chemical shipping industry, the company has established long-term stable partnerships with major domestic petrochemical companies, enhancing its service capabilities and market competitiveness [1] - The new capacity will precisely match the downstream transportation demand for liquefied petroleum gas, further solidifying the company's leading position in the industry [1]

因此，于2025年10月，该行与本公司将订立担保协议，本公司将同意就目标公司于贷款协议项下的责任 向该行提供有关本金额为4044万美元，以及其他利息、成本及费用的担保。 本公司管理层认为，提供担保可使目标公司获得营运资金，并为其主要业务(集装箱、船舶及一般租赁 服务以及利用自有资金进行投资活动)拨资，确保目标公司持续稳定增长。因此，提供担保对目标公司 的持续经营至关重要，而本集团将间接拥有目标公司的40%权益。 经考虑收购事项的理由及本集团所得裨益，以及目标公司于收购事项后持续经营其主营业务;本集团就 担保面临的风险与本集团于目标公司的间接权益成比例;及中集集团与卖方的财务实力及以类似条款并 按彼等各自于目标公司的间接权益比例履行彼等于各自担保项下责任的能力，董事认为，收购事项及提 供担保的条款乃按一般商业条款订立，属公平合理，并符合本公司及其股东的整体利益。 透过收购目标公司的股权(主要从事集装箱、船舶及一般租赁服务以及利用自有资金进行投资活动)，本 集团旨在整合船舶营运、管理、投资及融资业务，以建立跨海运价值链的循环生态系统。凭藉中集集团 及卖方作为目标公司股东的资源，本集团预期将扩大其市场影响力及实现营 ...

新华社伦敦9月26日电 题：在英国的论坛和展会 感受中国"向新向绿"发展的脉动 新华社记者高文成 日前，由英国兰卡斯特大学主办的"一带一路"倡议跨学科会议首次将人工智能作为主题。"回顾五届会议，主题不断丰富，折射中国发展水平的 持续提升。如今谈起对华合作，目标早已不只是盈利，更是为了创造更幸福的生活、打造更美好的世界。"主办方代表埃米莉·盖尼耶的这番话， 道破了国际学术界对中国发展认知的演进。 此次会议吸引英、中、加、美等多国学者参与，中国各领域发展成就成为与会者关注焦点。中南大学湘雅三医院党委书记何庆南的参会感受颇具 代表性："中国在科研前沿领域的突破让国际对话更顺畅、更高效，双向启发的合作充满希望。"盖尼耶说："如今很多国际前沿会议，没有中国 参与就不完整，甚至没有意义。" 9月23日，在英国兰卡斯特大学主办的"一带一路"倡议跨学科会议期间，中外学者参加科研项目对接研讨会。新华社发 在聚焦人工智能的剑桥科技周，中国元素同样亮眼。虚拟现实康复系统、远程机器人、具身智能……中国企业展台前，观众驻足、媒体追问、合 作洽谈的场景络绎不绝。活动负责人鲁珀特·贝恩斯说："中国是全球科技生态的重要组成部分，我们迫切希望 ...

光大期货金融期货日报 光大期货金融期货日报（2025 年 09 月 26 日） 一、研究观点 | 品种 | 点评 沪指全天窄幅震荡，创业板指涨超 1.5%，再创 3 年多以来新高。个股跌多涨 | 观点 | | --- | --- | --- | | | 少，沪深京三市超 3800 股飘绿，今日成交 2.39 万亿。截止收盘沪指跌 0.01%， 深成指涨 0.67%，创业板指涨 1.58%。美联储降息 25BP，但表态相对谨慎， | | | | 其内部对于年内降息路径存在分化，权益市场涨跌不一，目前市场预计年内 | | | | 降息 3 次。国内方面，此前发布的 8 月经济数据中消费、投资等需求端指标 | | | | 环比均有小幅走低，体现经济筑底企稳仍在路上，本轮行情主要计价中长期 | | | 股指 | 政策预期，当期基本面因素影响有限。此前，中共中央办公厅、国务院办公 | 偏强 | | | 厅印发了《育儿补贴制度实施方案》，标志着育儿补贴制度正式在全国范围 | | | | 内落地。这是我国近年来第一次发布普惠型中央财政政策，尽管总量仍有提 | | | | 升空间，但对于提升居民端收益水平影响较为直接。预计未 ...

日前，联合国贸易和发展会议发布国际航运回顾报告（2025年版），指出当前国际航运面临的挑战和机 遇增多，整个行业在经历波动的同时总体也向前发展。 政治、环境、劳工等因素为国际航运业带来挑战。报告指出，当前地缘政治不稳定和贸易政策的不确定 性为国际航运业带来重要挑战，地区冲突导致航运路线受阻，贸易保护主义抬头导致供应链中断，航运 业面临运输成本上升的挑战。 报告还指出，数字化和智能化正在为航运业带来巨大机遇，自动化港口将通过使用自动化设备和机器人 技术提高港口效率、安全和可靠性，推动港口基础设施转型升级，同时创造新的就业机会；智能船舶使 用人工智能、大数据和物联网等技术，提高船舶的航行效率、安全性和环保性，将创造新的配套市场需 求；数字化供应链还将提高供应链透明度、效率和可追溯性，实现全球供应链的优化并创造新的商业模 式。 报告专门提到，2025年美国贸易代表办公室宣布针对在美国港口停靠的某些船舶征收港口费，尤其是将 适用于中国拥有或运营的船舶，以及中国建造的船舶和外国建造的汽车运输船。这些措施可能对航运贸 易流量和模式、航运服务需求、船队运力、航运网络设计、停靠港口配置和船队部署计划产生影响。同 时，环境变化 ...

Core Insights - The UN Conference on Trade and Development's report highlights the increasing challenges and opportunities in international shipping, emphasizing the industry's overall progress despite volatility [1] Group 1: Challenges Facing the Shipping Industry - Geopolitical instability and trade policy uncertainty are significant challenges for the shipping industry, leading to disrupted shipping routes and increased transportation costs due to rising protectionism [1] - The report mentions the U.S. Trade Representative's announcement of port fees for certain vessels docking at U.S. ports, particularly affecting Chinese-owned or operated ships, which may impact shipping trade flows and service demand [1] - Environmental changes and compliance with sustainability requirements are intensifying pressures on the industry, with new regulations like the IMO's net-zero emissions framework posing both long-term transformation opportunities and short-term technical and cost challenges [1] - Rapid advancements in technology and digital transformation introduce new risks, including cybersecurity threats, while labor shortages and skill gaps hinder the long-term sustainability of the shipping sector [1] Group 2: Opportunities for the Shipping Industry - Emerging trade routes and key mineral trades present new opportunities for the shipping industry, as developing countries enhance their roles in global trade and improve logistics systems [2] - The low-carbon transition in shipping, driven by new regulations, is expected to create growth opportunities through the adoption of alternative fuels such as LNG, methanol, and ammonia, along with the development of related infrastructure [2] - Digitalization and automation are set to revolutionize the shipping industry, with automated ports improving efficiency and safety, while smart vessels utilizing AI and IoT enhance navigation and environmental performance [2] Group 3: Recommendations for Sustainable Development - The report suggests strengthening international cooperation to address geopolitical risks and trade protectionism, promoting multilateral trade systems, and enhancing trade facilitation efforts [3] - Emphasis is placed on supporting the low-carbon transition of vessels, improving port sustainability, and developing green ports to reduce pollution and enhance energy efficiency [3] - Recommendations include bolstering cybersecurity measures to protect against data breaches, advancing digital transformation in shipping, and enhancing regulatory frameworks to adapt to technological advancements [3]

【核心逻辑】7-8 月作为三季度经济运行的核心观测期，其披露的数据系统呈现出当前宏 观经济的复杂态势：一方面，经济增速边际放缓的压力已明确显现，地产拖累、消费支撑 弱化、投资增速下行等信号共同构成了这一态势的核心底色；另一方面，政策端的逆周期 调节已精准发力，供需两侧的托底政策正按序落地实施；更深层次看，数据亦揭示了金融 市场与宏观基本面的结构性互动。股票市场在经济增速趋缓背景下保持强势，是行业业绩 改善、全球风险偏好回升与政策持续利好共振的结果；商品市场则受即期需求约束呈现震 荡格局。海外方面，9 月美联储议息会议重启降息周期。尽管点阵图显示年内仍有 50 个基 点的降息空间，但鲍威尔反复强调数据依赖，未来政策路径将紧密锚定就业与通胀两大核 心指标。美国 9 月 Markit 制造业、服务业 PMI 回落，基本符合市场预期，后续需重点关注 美国 PCE 数据和当周初请失业金人数。 人民币汇率：关注当周初请失业金人数情况 金融期货早评 宏观：关注美国经济数据情况 【市场资讯】1）中国国家主席在联合国气候变化峰会发表视频致辞，宣布中国新一轮国家 自主贡献，到 2035 年温室气体净排放量比峰值下降 7%-10% ...

111 【重点事件】2025青岛跨境电商高质量发展交流大会成功举办 9月19日下午，"2025青岛跨境电商高质量发展交流大会"在红岛国际会展中心成功举办。本次活动由青 岛市商务局指导，青岛市贸易发展服务中心主办，青岛市跨境电子商务协会、交通银行青岛分行承办， 政府代表、行业专家和业界精英等150余人参会，旨在打造青岛跨境电商最优生态圈，推进青岛市跨境 电商高质量发展。 本次大会围绕跨境电商政策、优秀服务商、品牌出海优秀案例以及人才培育等方面，持续完善跨境电商 生态环境。青岛市商务局党组成员、副局长于浩在致辞中表示，青岛跨境电商综试区充分发挥跨境电商 试验田和排头兵的作用，强化政策保障、创新监管模式、强化主体培育、优化产业生态，支持企业通过 跨境电商方式开拓国际市场，培育跨境电商自主品牌，搭建海外仓全球物流体系。青岛市商务局电商处 详细解读了2025年跨境电商支持政策，为跨境电商发展筑牢政策基石。 会上，青岛跨境电商综试区发布了本年度20家跨境电商优秀服务商并进行授牌，涵盖金融类、物流类、 人才培训类等类别，进一步提升跨境电商企业服务效能;同时公布10家跨境电商"品牌出海"优秀案例并 进行授牌，树立品牌出海案例 ...

Group 1 - The stock of COSCO Shipping Energy Transportation Co., Ltd. (中远海能) opened over 3% higher, currently up 3.09% at HKD 9.34, with a trading volume of HKD 4.0722 million [1] - On September 22, during the 2025 semi-annual performance briefing, COSCO Shipping Energy announced a significant increase in tanker freight rates, positively impacting the fleet earnings of global tanker owners [1] - Morgan Stanley highlighted that COSCO Shipping Energy is the largest tanker operator in China and a leading global transporter of crude oil, refined oil, and liquefied natural gas (LNG), benefiting from a diversified fleet and a relatively new fleet age structure [1] Group 2 - The VLCC TD3C TCE reached USD 96,000 per day on September 16, 2025, maintaining a high level in the following days, marking the best September VLCC freight rate since 1990 [1] - The upcoming week is the last full working week before China's National Day holiday, with a concentration of Middle Eastern cargoes expected for October, potentially leading to further increases in VLCC freight rates [1] - The available VLCC capacity in the next 30 days is projected to reach the lowest level in the past year, suggesting that VLCC freight rates may rise further, potentially surpassing the September freight rate peak since 1990 [1]

Core Viewpoint - The successful maiden voyage of the world's first 9300 CEU methanol dual-fuel powered ro-ro ship "Gangrong" at Tianjin Port marks a significant milestone in the shipping industry's transition to low-carbon solutions, showcasing the potential of methanol as a green fuel alternative [1][3][5]. Group 1: Ship Specifications and Features - The "Gangrong" ship, measuring 219.9 meters in length and 37.7 meters in width, has a design capacity of 9300 standard car spaces, placing it among the largest PCTC (Pure Car and Truck Carrier) vessels globally [3]. - This vessel is the first large-scale automobile ro-ro ship to utilize a methanol dual-fuel power system, allowing for flexible switching between traditional fuel and methanol, thus meeting the highest emission standards set by the International Maritime Organization (IMO) [3][4]. Group 2: Environmental Impact - Utilizing green methanol can reduce greenhouse gas emissions by over 70%, contributing significantly to the shipping industry's efforts to lower carbon footprints [3]. - During its maiden voyage, the "Gangrong" successfully completed the first-ever green methanol bunkering operation for a ro-ro ship in China, with approximately 300 tons of green methanol added, resulting in a reduction of 460 tons of CO2 emissions [5]. Group 3: Operational Coordination - The Tianjin Port Group developed a personalized pilot plan based on the new ship's specifications and technical parameters to ensure smooth operations during the maiden voyage [4]. - Various government agencies collaborated to establish a comprehensive support system for the green methanol supply chain, demonstrating effective public-private partnerships in advancing low-carbon initiatives in the shipping sector [5].