德翔海运(02510)发布公告，董事会谨就该船舶截至2024年及2025年12月31日止两个年度的若干历史财 务资料的公告提供以下附加资料。集团层面归属于该船舶的未经审核收益分别约为1718.4万美元及 1443.5万美元。 预期出售事项的出售所得款项将用作一般营运资金用途。 ...

Core Insights - The company, 德翔海运 (DHL), announced additional historical financial information regarding its vessel for the years ending December 31, 2024, and December 31, 2025 [1] - The unaudited revenue attributable to the vessel is approximately $17.184 million and $14.435 million for the respective years [1] - Proceeds from the anticipated sale will be used for general working capital purposes [1]

Core Viewpoint - Ningbo Marine Transportation Co., Ltd. has revised, abolished, and re-established certain governance systems to enhance its corporate governance structure and ensure compliance with relevant laws and regulations [1][2]. Group 1: Governance Revisions - The company's board of directors held a meeting on January 28, 2026, to review and approve the proposal regarding the revision and re-establishment of governance systems [1]. - The revisions are in accordance with the Company Law, the Guidelines for Corporate Governance of Listed Companies, and the Shanghai Stock Exchange Listing Rules [1]. - The specific governance system that has been abolished and re-established is the management method for shares held by directors, supervisors, and senior executives, which has been renamed [1]. Group 2: Disclosure - The full text of the revised and re-established governance systems has been disclosed on the Shanghai Stock Exchange website on the same day as the announcement [1].

行业研究丨行业周报丨运输 [Table_Title] 春运错期航空价增，关注顺丰控股经营拐点 ——交运周专题 2026W4 报告要点 [Table_Summary] 出行链：春运错期影响持续，票价农历同比增长 海运：油运高位回落，集运加速下跌 物流：龙头份额加速集中，顺丰经营持续调优 分析师及联系人 请阅读最后评级说明和重要声明 丨证券研究报告丨 %% %% %% %% research.95579.com [Table_Title 春运错期航空价增，关注顺丰控股经营拐点 2] ——交运周专题 2026W4 [Table_Summary2] 出行链：春运错期影响持续，票价农历同比增长 1 月 23 日，受春运错期影响，国内外客流量同比下滑，国内客运量七日移动平均同比下滑 10%， 国际客运量七日移动平均同比下滑 9%；客座率延续改善趋势，七日移动平均国内客座率同比 增加 0.1pct，国际客座率同比打平；受 2026 年春运较晚影响，本周票价公历同比跌幅放大， 七日移动平均含油价格同比下滑 24.6%，若采用农历同比口径则同比增加 4.4%。展望后市， Q4 开始出行需求逐步爬坡，收益有望边际改善；中长期供给 ...

Group 1: Economic Indicators - Pakistan's current account recorded a deficit of $244 million in December 2025, a shift from a surplus of $98 million in November, primarily due to a significant increase in imports [8] - In December 2025, Pakistan's total exports of goods and services amounted to $3.69 billion, a nearly 20% month-on-month increase, while imports reached $7.04 billion, up nearly 24% [8] Group 2: Agricultural Investment - A Pakistan-China agricultural investment conference was held, with participation from 116 Chinese companies and 165 Pakistani companies, resulting in 79 memorandums of understanding worth a total of $4.5 billion [9] Group 3: Telecommunications Growth - As of December 2025, Pakistan's total mobile phone users surpassed 200 million, increasing from 197 million in November, with 3G and 4G users rising from 148 million to 151 million [9] - The mobile penetration rate increased slightly from 79% in November to 80% in December [9] Group 4: Foreign Aid and Loans - In the first half of the fiscal year 2025-2026, Pakistan received $4.51 billion in new foreign loans and grants, which is 22.66% of the annual borrowing target [9] Group 5: Cement Export Performance - Despite a decline in total cement export volume by 5.84% to approximately 4.42 million tons, the export value increased by 3.40% from $1.67 billion to $1.73 billion in the first half of the fiscal year [10] Group 6: Trade Balance - In the first half of the fiscal year 2025-2026, Pakistan's total goods exports reached 4.27 trillion rupees (approximately $15.29 billion), a decrease of about 7.78% compared to the same period last year, while imports rose by 13.12% to 9.72 trillion rupees [10] Group 7: Maritime Sector Performance - The maritime sector in Pakistan reported a profit of 100 billion rupees (approximately $360 million) in 2025, with record cargo handling at Karachi port reaching 54 million tons [10] - Improvements in coordination among port management, customs, and other agencies reduced average vessel docking time by 24 to 36 hours, with an average turnaround time of five days [10]

今天（1月26号）凌晨，菲律宾南部海域载有359人的"特丽莎·克尔斯汀3号"渡轮，在3米巨浪中倾覆。 截至上午8点38分，已造成至少15人死亡。300多人目前获救（部分患低温症），仍有43人失踪。 沉船地苏禄海水深超200米，冬季水温虽在25°C以上，但夜间浪高3米、能见度不足50米，潜水作业一 度严重受阻；加之海况多变、失踪者随复杂洋流飘散，仍会迅速导致落水者失温。 巴西兰州长穆吉夫·哈塔曼在社交网络上分享了伊莎贝拉港现场片段，显示幸存者被带下船，他们被裹 着保温毯，部分人被担架抬下。目前，菲官方尚未发布海难原因。 看看新闻记者: 陈瑞 编辑: 陈瑞 责编: 周宇倩 失事渡轮隶属于Aleson航运公司，是一艘客货两用渡轮。失事时，正航行在三宝颜至苏禄省霍洛岛的航 线上。这并非旅游专线，而是菲律宾岛际通勤网络中的一支。作为由七千多个岛屿组成的国家，海运是 维系菲律宾民众生计的命脉，菲国内客货运输高度依赖此类渡轮。 然而，这条生命线长期被"血色"浸染。此次事故原因指向"动力系统故障"，且"超载73人"叠加"船体老 旧"使船只抗风浪能力大幅下降；"缺乏应急定位设备"增加了现场救援难度。幸存乘客看到，船体出现 破洞 ...

港股三大指数高开，恒指涨0.35%，国指涨0.3%，恒生科技指数涨0.05%。大型科技股多数上涨，京东 涨1%，阿里巴巴、美团、小米飘红，百度则跌近2%；早盘金银价格再创新高，现货黄金首次升破5060 美元，现货白银首次升破107美元，黄金带领有色金属股继续上涨，灵宝黄金、赤峰黄金等多股再创新 高。另外，海运股、汽车股、内房股多数走低，小鹏汽车、太平洋航运跌近2%。(格隆汇) ...

Investment Rating - The report maintains a "Positive" investment rating for the transportation industry, indicating an expectation of relative performance that exceeds the relevant market indices over the next 12 months [10]. Core Insights - In Q4 2025, the transportation sector's public fund heavy holding ratio decreased by 0.03 percentage points to 1.09%, primarily due to significant reductions in logistics and supply chain investments, while the aviation sector saw a slight increase in allocation [2][6]. - The number of heavily held stocks in the transportation sector increased to 60, with a total market value of 21.49 billion yuan, reflecting a 15.3% quarter-on-quarter increase [6]. - The transportation sector index outperformed major indices such as the Shanghai Composite Index, CSI 300, and ChiNext Index, with a quarterly increase of 3.4% [6]. Summary by Sections Fund Holdings - The transportation sector's allocation is ranked 17th among 32 primary industries, indicating an underweight status compared to the standard allocation ratio of 2.46% [6]. - The allocation ratios for sub-sectors in Q4 2025 are as follows: Aviation (0.50%), Logistics and Supply Chain (0.34%), Rail and Road (0.12%), Maritime (0.08%), and Transportation Infrastructure (0.05%) [6][14]. Heavy Holdings - The top five heavily held stocks in the transportation sector accounted for 57.7% of the total market value, with the top ten accounting for 79.2%, indicating an increase in concentration [7]. - The leading stocks by market value in Q4 2025 were China Eastern Airlines (4.55 billion yuan), Southern Airlines (3.08 billion yuan), and SF Express (2.29 billion yuan) [7][22]. Northbound Capital - Northbound capital holdings in the transportation sector increased to 4.3%, with the aviation sector being the largest segment at 11.61 billion yuan, representing 27.5% of the transportation industry [8][26]. - The top five stocks with the highest foreign ownership ratios included Sichuan Chengyu, Southern Airlines, and Iron Dragon Logistics, with foreign ownership ratios of 15.4%, 14.6%, and 8.1% respectively [8][26].

数据显示，2025年厦门口岸出入境货运交通运输工具超4000架(艘)次。其中，台湾籍货运交通运输工具 往来超2300架(艘)次，同比增长超10%，对台货运直航网络的构建成效显著。(完) 作为距离台湾最近的大陆主要口岸之一，厦门凭借独特的地缘优势，成为两岸经贸往来的"黄金门户"。 近年来，厦门口岸致力开拓两岸海空航线、畅通客货往来通道，构建起海空协同、双线并进的对台货运 直航网络。 "腊月已至，两岸的年货往来需求日渐旺盛，船舶往来也增加了不少，像今天连续迎来三艘货轮的场 景，这个月已经出现两次。"厦门象屿采颐商业投资有限公司码头管理部总监练炳良介绍，货轮从靠 泊、装货再到离港仅需1至2个小时，边检等口岸部门的高效通关服务，为企业降低了不少成本。 厦门边检总站高崎边检站边防检查处副处长张华桑表示，为有效缩短货运船舶停留时间，减少企业运营 成本，该站先后推行船舶预检、一次性办结船舶及船员出入境手续等多项便民服务举措，全力实现通 关"零等待"，作业"零延时"。 海运方面，厦门每周开行20艘次左右的厦金"小三通"货运航线，具有航程短、灵活性强、密度高等特 点；而厦门至台中、基隆、高雄等"大三通"货运航线则凭借稳定大载量 ...

Group 1 - The company, 德翔海运 (Dexion Shipping), announced a sale agreement for a container ship with a selling price of $23 million, equivalent to approximately HKD 179 million [1] - The sale agreement involves the seller, Viscount Shipping Company Limited, a wholly-owned subsidiary of the company, and the buyer, 德胜航运股份有限公司 (Desheng Shipping Co., Ltd.) [1] - A leasing agreement for the ship will be established between TS Singapore, a wholly-owned subsidiary of the company, and the buyer, effective from January 24, 2026, to March 31, 2026 [1] Group 2 - TS Singapore has been leasing the ship from the seller since January 2025 under various leasing agreements to adapt to market demand for shipping capacity [1] - The company believes that maintaining the leasing arrangement during the transition period will help avoid disruptions to its normal business operations [1]