每经AI快讯，中远海能(01138.HK)涨超4%，截至发稿，涨3.96%，报9.7港元，成交额8966.57万港元。 ...

此外，华泰证券表示，针对10月14日生效的中美互征港口费的规定，管理层表示，截至目前，公司未有 25%或以上股权由美国或中国实体或个人直接或间接持有，因为管理层认为中美港口费规定均不适用于 太平洋航运，公司经营情况正常。展望4Q，该行认为中美贸易摩擦及港口费或将影响全球船舶运力部 署和港口挂靠，造成供应链扰动，推升市场运价。预计公司4Q日均收入环比将进一步上涨，维持"买 入"。 消息面上，太平洋航运近日公告，2025年第三季度，集团的核心业务取得小灵便型及超灵便型干散货船 按期租合约对等基准的日均收入分别为11680美元及13410美元，其按年变动分别为减少15%及增加 10%，与上半年的按期租合约对等基准日均收入相比则分别为增加6%及增加10%。汇丰环球研究指，公 司在即期费率上涨时通常落后，基于租船合约与航程执行滞后效应。该行曾对潜在产能过剩持谨慎态 度，但即期费率因小型散货贸易韧性反弹，该贸易在今年首三季按年升4%。供应中断及船速减缓进一 步抵销船队增长影响。公司第四季更高的合约覆盖率，意味下半年盈利将强于上半年。 太平洋航运(02343)涨超4%，截至发稿，涨4.03%，报2.58港元，成交额2295 ...

此外，华泰证券表示，针对10月14日生效的中美互征港口费的规定，管理层表示，截至目前，公司未有 25%或以上股权由美国或中国实体或个人直接或间接持有，因为管理层认为中美港口费规定均不适用于 太平洋航运，公司经营情况正常。展望4Q，该行认为中美贸易摩擦及港口费或将影响全球船舶运力部 署和港口挂靠，造成供应链扰动，推升市场运价。预计公司4Q日均收入环比将进一步上涨，维持"买 入"。 智通财经APP获悉，太平洋航运(02343)涨超4%，截至发稿，涨4.03%，报2.58港元，成交额2295.66万港 元。 消息面上，太平洋航运近日公告，2025年第三季度，集团的核心业务取得小灵便型及超灵便型干散货船 按期租合约对等基准的日均收入分别为11680美元及13410美元，其按年变动分别为减少15%及增加 10%，与上半年的按期租合约对等基准日均收入相比则分别为增加6%及增加10%。汇丰环球研究指，公 司在即期费率上涨时通常落后，基于租船合约与航程执行滞后效应。该行曾对潜在产能过剩持谨慎态 度，但即期费率因小型散货贸易韧性反弹，该贸易在今年首三季按年升4%。供应中断及船速减缓进一 步抵销船队增长影响。公司第四季更高的合约 ...

Company Summary - China Cosco Shipping Energy Transportation Co., Ltd. (中远海能) shares rose over 4%, trading at HKD 9.7 with a transaction volume of HKD 89.67 million [1] - The company completed a private placement of A-shares on October 15, raising approximately CNY 8 billion (net CNY 7.98 billion) by issuing 694,444,444 shares at CNY 11.52 per share [1] - The funds raised will be used to construct 6 VLCCs, 2 LNG carriers, and 3 Aframax crude oil tankers, which is expected to optimize the fleet structure and enhance clean energy deployment, ensuring future capacity and market competitiveness [1] Industry Summary - The oil market is experiencing changes as OPEC+ has accelerated production since April, with a potential increase of 2.2 million barrels per day in September, which may lead to a decline in oil prices and boost refinery inventory replenishment [2] - This situation is expected to stimulate oil trade demand, providing momentum for the oil transportation market [2] - In response to the U.S. imposing port service fees on Chinese shipping companies, China has implemented a "special port service fee" for U.S. vessels, highlighting the strategic value of Chinese shipping companies like China Cosco Shipping Energy in the international shipping competition [2]

Company Summary - Zhongyuan Shipping (01138) saw a stock price increase of over 4%, reaching HKD 9.7 with a trading volume of HKD 89.67 million [1] - The company completed a private placement of A-shares on October 15, raising approximately CNY 8 billion (net CNY 7.98 billion) by issuing 694,444,444 shares at CNY 11.52 per share [1] - The issuance involved seven investors, including the controlling shareholder, China Ocean Shipping Group, which subscribed for 347,222,222 shares (50% of the total) with an 18-month lock-up period [1] - The raised funds will be used to construct six VLCCs, two LNG carriers, and three Aframax crude oil tankers, aimed at optimizing fleet structure and enhancing clean energy initiatives [1] Industry Summary - The oil market is experiencing a boost as OPEC+ has accelerated production since April, with a potential increase of 2.2 million barrels per day in September, which may lead to a decline in oil prices and stimulate demand for oil transportation [2] - The recent imposition of port service fees on Chinese shipping companies by the U.S. has prompted China to retaliate with a "special port fee" on U.S. vessels, highlighting the strategic value of Chinese shipping companies like Zhongyuan Shipping in the international shipping competition [2] - This context is expected to provide a solid foundation for the stable growth of the company's performance in the oil transportation market [2]

刘伟在主旨演讲中指出，中国政府高度重视交通运输可持续发展。近年来，交通运输部认真贯彻落 实习近平主席关于建设可持续交通体系的重要指示精神，加快推进航运业可持续发展。要聚焦交通强 国、海洋强国建设目标，加快航运业绿色化、数智化转型，持续为全球经济和贸易繁荣发展提供新机 遇。 刘伟指出，2025年4月，美国贸易代表办公室宣布了对中国海事、物流和造船领域301调查最终措 施，10月14日起，对中国公司拥有或运营的船舶、中国造船舶、中国籍船舶加收港口服务费。美方的做 法罔顾事实，严重损害中国海运业的正当利益，严重扰乱全球供应链稳定，严重破坏国际经贸秩序。根 据《中华人民共和国国际海运条例》，交通运输部发布《关于对美船舶收取船舶特别港务费的公告》， 决定对美船舶收取船舶特别港务费，这是维护中国海运企业合法权益的正当举措。同时，根据有关法律 法规，中方正启动航运业、造船业及相关产业链供应链安全和发展利益受影响情况调查。全球海运业同 仁应当携起手来，推动构建公平、公正、开放的海运市场，维护全球经贸发展的共同利益。 龚正在作主旨演讲时说，当前，我们正按照习近平主席对上海发展的战略定位，深化"五个中心"建 设，加快建成具有世界 ...

Core Insights - The 2025 North Bund International Shipping Forum opened with significant participation, highlighting its importance as a global platform for the shipping industry to collaborate and develop [1] - The theme of this year's forum is "Collaborative Promotion of Global Shipping Sustainable Development," with a strong focus on green initiatives [1] Group 1: Participation and Collaboration - The Hong Kong Shipowners Association increased its representation from two to eighteen members this year, indicating a growing interest in the forum [1] - A total of 30 major cooperation outcomes were announced during the opening ceremony, marking a record high for the event [1] - The forum aims to release over 50 new industry results over its three-day duration [1] Group 2: Green Shipping Corridors - Three new green shipping corridors were announced: "Shanghai Port - Barcelona Port Digital Green Roll-on/Roll-off Shipping Corridor," "Shanghai Port - Antwerp Bruges Port Green Roll-on/Roll-off Shipping Corridor," and "Shanghai Port - Melbourne Port Green Shipping Corridor Initiative" [2] - The Shanghai-Los Angeles/Long Beach green shipping corridor achieved a significant milestone, including expanding shore power infrastructure to provide 100% power to container ships [4] - A zero-carbon ship successfully docked at the Port of Los Angeles, demonstrating the feasibility of sustainable shipping practices [4]

满眼生机转化钧，天工人巧日争新。"十四五"期间，上海坚持为国担当、勇为尖兵，在高质量发展 的画卷上写下浓墨重彩的篇章。 回顾"十四五"，上海各区在复杂严峻的外部环境下注重发挥各自比较优势，将"优势做优，特色做 特"，形成系统、协同、具有整体性的发展态势，在推动高质量发展上同题共答、同向发力，共同营造 上海良好发展环境和发展预期。 释放动力 记者 徐敏 茅冠隽 周楠 杜晨薇 近日，一份文件将上海自贸区过去12年深化改革、扩大开放的成果经验，与虹桥国际中央商务区、 上海国际旅游度假区、静安、长宁、普陀、青浦、嘉定、金山等区域紧密连接在一起。 根据《第二批上海自贸试验区联动创新区建设方案》，这些区域与5个国家级经济技术开发区将在 辖区已形成的产业禀赋基础上，进一步加大自主改革力度，展现了上海不断放大改革开放先行先试效应 的坚定决心。 站在国家对外开放的前沿，上海承接了多项国家重大战略，各区不断释放改革动力，实现激发区域 潜力和提升全局效能的双赢。 浦东新区以国家战略为牵引，五年间在"引领区意见""综合改革试点"以及"制度型开放总体方案"的 顶层制度安排下，坚定推动改革任务落地，形成一批首创性改革、引领性开放成果。 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core Views of the Report - The international precious metals futures generally closed lower, with the Fed officials' statements strengthening the interest - rate cut expectations and the uncertainty of the US government shutdown driving funds to precious metals. The oil prices rose due to the expected supply - side contraction. Most London base metals declined. The domestic futures contracts showed mixed trends [4]. - The financial market shows a strong recovery in the fund market, with active ETF and index fund issuance. The capital markets are affected by policies and strategic intentions, and the M&A in the stock market is mainly focused on industry integration. The silver price in the industry has risen significantly, and the shipping, banking, and real - estate industries have also had relevant developments. Overseas, there are developments in trade negotiations, visa policies, and credit ratings [34][39]. 3. Summary by Relevant Catalogs Overnight Night - Market Trends - **Precious Metals**: COMEX gold futures fell 0.85% to $4267.90 per ounce (weekly gain of 6.69%), and COMEX silver futures fell 5.01% to $50.63 per ounce (weekly gain of 7.15%) [4]. - **Crude Oil**: The US oil main contract rose 0.46% to $57.25 per barrel (weekly loss of 2.80%), and the Brent crude main contract rose 0.46% to $61.34 per barrel (weekly loss of 2.22%) [4]. - **London Base Metals**: Most declined, such as LME tin down 2.07% to $35030 per ton (weekly loss of 3.16%), LME nickel down 1.03% to $15110 per ton (weekly loss of 1.11%) [4]. - **Domestic Futures**: Some rose, like coking coal up over 3%, coke up over 2%, and soda ash up over 1%. Some declined, such as caustic soda down over 1%, iron ore, corn, and double - gum paper down over 0.5% [6]. Important Information Macro Information - The Shanghai Export Container Freight Index rose 149.9 points to 1310.32, while the China Export Container Freight Index fell 4.1% to 973.11 [8]. - If the US government shutdown continues after the weekend, President Trump may increase his actions [9]. - The national general public budget revenue in the first three quarters of 2025 was 16.3876 trillion yuan, a year - on - year increase of 0.5% [10]. - The central government allocated 500 billion yuan from the local government debt balance limit to local governments [10]. - The US initial jobless claims decreased during the government shutdown, with about 215,000 in the week ending October 11, lower than the previous week's estimate of 234,000 [10]. - Governor Pan Gongsheng of the People's Bank of China pointed out that trade frictions and geopolitical uncertainties drag on the world economy, and emerging markets face challenges [10]. - President Trump will impose new tariffs on imported medium and heavy - duty trucks and parts (25%) and passenger cars (10%) starting from November 1 [12]. - The Israeli Defense Forces resumed the cease - fire in the Gaza Strip [12]. Energy and Chemical Futures - Russia cancelled fuel import tariffs due to decreased domestic demand for petroleum products [14]. - China's styrene factory output in the week ending October 16 was 339,400 tons, a decrease of 2.33% from the previous week, and the capacity utilization rate was 71.88%, a decrease of 1.73% [14]. - Ukrainian President Zelensky discussed energy reconstruction and long - term cooperation with US energy company executives [15]. Metal Futures - The Shanghai Futures Exchange adjusted the price limit range and margin ratios of gold and silver futures contracts from October 21 [17]. - Last week, copper inventory increased by 550 tons, aluminum inventory decreased by 2749 tons, etc. in the Shanghai Futures Exchange [19]. - China's 14 - port nickel ore inventory increased by 279,100 wet tons to 15.2884 million wet tons, a 1.86% increase [19]. - Tianqi Lithium's 30,000 - ton lithium hydroxide project in Zhangjiagang, Jiangsu, produced the first bag of battery - grade lithium hydroxide that met the standards [19]. - Peru's zinc concentrate output in August 2025 was 146,700 metric tons, a month - on - month increase of 17.2% and a year - on - year increase of 29.2% [19]. - The four - province weekly operating rate of recycled lead from October 10 - 16 was 35.11%, an increase of 1.07 percentage points from the previous week [20]. - The Indonesian president handed over six seized tin smelters to a state - owned enterprise [20]. - As of Thursday, the alumina raw material inventory of electrolytic aluminum plants was 3.126 million tons, an increase of 32,000 tons from the previous week, and the spot market was in a state of oversupply [21]. - The silver price has risen by nearly 70% this year, and most shops in Yongxing County, Hunan, are out of stock [21]. Black - Series Futures - Coke prices in Xingtai and Yuncheng markets are planned to be raised, with wet - quenched coke up 50 yuan/ton and dry - quenched coke up 55 yuan/ton starting from October 20 [24]. - The National Energy Administration issued an opinion on promoting the high - quality development of coal washing [24]. - The inventory of 63 independent ferrosilicon - manganese enterprises reached 262,500 tons, a new high in over 17.5 months, and the inventory of 60 independent ferrosilicon enterprises increased by 4.62% [24]. - The inventory of imported iron ore at 45 ports was 142.7827 million tons, an increase of 2.5377 million tons, and at 47 ports was 149.6187 million tons, an increase of 3.2079 million tons [24]. - The blast furnace operating rate of 247 steel mills was 84.27%, unchanged from the previous week, and the iron - making capacity utilization rate was 90.33%, a decrease of 0.22 percentage points [25]. - The total urban inventory this week was 9.6274 million tons, a decrease of 53,600 tons (- 0.55%) from the previous week [26]. Agricultural Product Futures - The Ministry of Commerce will hold a hearing on the anti - dumping case of pork and pork by - products [29]. - The actual soybean crushing volume of oil mills in the 42nd week (October 11 - 17) was 2.1662 million tons, with an operating rate of 59.59%, 0.12 million tons lower than the forecast [29]. - Argentina's soybean planting area in the 2025/26 season is expected to be 17.5 million hectares, a 2.8% decrease from the previous year [30]. - Canada's rapeseed exports in the week ending October 12 increased by 97.8% to 159,200 tons [31]. - The State Council executive meeting pointed out that this year's grain is expected to have a good harvest, and the supply of vegetable - basket products is sufficient [32]. - Tangrenshen sold 3.7622 million pigs from January to September, and its 2025 pig - slaughtering target is 5 - 5.5 million [32]. Financial Market Finance - As of October 19, 2025, the number of newly established funds this year reached 1,163, exceeding the 1,135 in 2024. Stock - type funds had 661 new establishments, with a issuance scale of 339.396 billion yuan, accounting for 37.45% of the total issuance scale, a 15 - year high since 2011 [34]. - As of October 17, the net inflow of the ETF market in October was 99.161 billion yuan, with equity - based ETFs contributing 92.457 billion yuan, accounting for over 90% [34]. - The two capital - market monetary policy tools created by the People's Bank of China last year injected billions of yuan into the market, boosting investor confidence and reducing A - share volatility [35]. - At least 8 Shanghai - listed companies announced the completion of restructuring in the third quarter, with industry integration as the main line [35]. - The main structural clue in the A - share market is Chinese enterprises going global. After the dividend rotation, new clues such as industrial chain security and end - side AI should be tracked [37]. - The market is in a bull - market consolidation period, and key sectors to focus on include dividends, precious metals, and AI [37]. - The unit net value of the "Sanmao Fund" has risen to 0.9854 yuan, close to full recovery [38]. Industry - The silver price has risen by nearly 70% this year, and most shops in Yongxing County are out of stock [39]. - Banks are in the "year - end battle" phase, and some small and medium - sized banks have started next year's "good start" activities two months earlier [39]. - The China Shipowners' Association signed cooperation MOUs with international shipping institutions, promoting the development of the shipping industry [41]. - The Wuhan Economic and Technological Development Zone launched housing purchase subsidy policies [41]. Overseas - Australian Prime Minister Albanese will meet with US President Trump to discuss issues such as the rare - earth material supply chain [42]. - South Korea and the US are likely to reach a trade agreement before the APEC meeting [43]. - Japan will increase visa application fees in 2026 to address over - tourism and cost - increase issues [43]. - S&P downgraded France's long - term foreign - currency issuer default rating from "AA -" to "A+", the second downgrade in about 1.5 years [44]. - 8 pieces of valuable jewelry were stolen from the Louvre in France [45]. International Stocks - South Korean investors are actively investing in leveraged VIX products, with about $130 million flowing into 2x long VIX futures ETFs this year [46]. Commodities - The international gold price has risen strongly, and gold - related ETFs have seen an expansion in management scale. The long - term support for gold prices remains [47]. - India's oil imports from Russia increased in the first half of October, with an average daily import of about 1.8 million barrels, 250,000 barrels more than in September [47]. Bonds - The performance of "fixed - income plus" products varies greatly, with a difference of over 42 percentage points for mixed - bond - type secondary funds [48]. - Bond ETFs can better capture investment opportunities in the bond market, and the current bond - market adjustment is more favorable [49]. Upcoming Events - At 09:20, the People's Bank of China has 253.8 billion yuan of 7 - day reverse repurchases maturing [51]. - At 09:30, the monthly report on residential sales prices in 70 large and medium - sized cities will be released [51]. - At 10:00, the State Council Information Office will hold a press conference on the national economic situation [51]. - At 11:50, Bank of Japan board member Takada So will give a speech [51]. - At 16:00, ECB Executive Board member Schnabel will give a speech [51]. - At 22:30, the Bank of Canada will release business and consumer expectation survey reports [51]. - Haixi New Drug will be listed on the Hong Kong Stock Exchange [51]. - Ningde Times, China Mobile, and other companies will release financial reports [51]. - The Fourth Plenary Session of the 20th CPC Central Committee will be held from October 20 - 23 [51]. - President Trump will meet with Prime Minister Albanese [51]. - At 03:00 the next day, the governors of the German and French central banks will give speeches in New York [51].

近期，关于"俄罗斯港口遇袭，中国贸易货物被卡"的消息在网络上流传，让不少人对中俄能源合作产生担忧。 俄罗斯港口遇袭？ 中俄贸易真实韧性超出想象 LNG运输船悄悄靠上中国码头，北极航道破冰前行，中俄贸易正在西方制裁的眼皮底下搭建起一套令人惊叹的多元化通道网络。 但真相是，就在10月17日，一艘名为"Arctic Mulan"的俄罗斯液化天然气运输船稳稳靠上了中国广西北海港的码头，卸下了来自北极的能源"大礼包"。 而这艘船运载的液化天然气，正是来自被西方制裁的俄罗斯"Arctic LNG 2"项目。 这已经是自8月底以来，抵达北海港口的第九批俄罗斯液化天然气。 贸易韧性：西方制裁下的能源合作 当不少人还在为所谓"俄罗斯港口遇袭"而担忧时，中俄能源贸易正在有条不紊地进行。 英国在10月刚刚制裁了广西北海港口，理由是它接收受限制的俄罗斯液化天然气。 但事实是，制裁归制裁，贸易照常做。 中国很聪明地采取了"集中入口"策略，专门指定北海港口作为俄罗斯"Arctic LNG 2"项目的唯一接收站。 这样一来，既满足了能源需求，又把可能的制裁影响控制在最小范围，保护了其他中国天然气进口商不受牵连。 这种操作简直就是"精准防御 ...