最后，香港运输及物流局会通过创科加速运输交通发展、以金融赋能物流航运升级转型及促进多元发 展。陈美宝称亦期望以更便捷的交通网络惠及市民，并借着香港在"一国两制"下的独特优势，继续在海 陆空全方位推动香港向前迈进。 招商引资方面，香港机场管理局(香港机管局)会继续为建设全球领先的"机场城市"招商引资，推进各项 目发展。当中，"航天走廊"自动驾驶运输系统预计年内启用，将会是首个在港商业营运的自动驾驶项 目。香港机管局亦计划于今年就游艇港湾配套设施邀请发展意向书，目标2028年起分阶段完成。 低空经济方面，低空经济是推动城市智能化、区域融合发展的新动能。陈美宝预计超过20个较成熟、风 险较低且不涉及人车稠密空域的项目会陆续进入恒常实际运作阶段，例如无人机进行外墙清洗、电缆检 视及维修、铁路设施检视等。跨境物流、载人飞行器、多场景/多用户共享平台，以及无人机交通管理 系统等将是今年的工作重点。香港运输及物流局会在今年制定《发展低空经济规划行动纲领》，包括就 低空基础设施展开技术研究及规划，以及部署构建智能低空交通管理系统。 另外，香港运输及物流局正积极研究推展"交通管理平台"。今年的《财政预算案》有特别大的篇幅提到 ...

FICC日报 | 2026-02-27 PA联盟3月上半月运价修正，关注近期4月份涨价函是否发出 市场分析 线上报价方面。 Gemini Cooperation：马士基上海-鹿特丹WEEK11报价1230/1960、WEEK12周价格1155/1830；HPL3月份上半月 船期报价1335/2235 ，3月下半月船期报价1935/3135. 静态供给：截至2026年1月31日。2026年至今交付集装箱船舶6艘，合计交付运力46950TEU。12000-16999TEU船舶 合计交付2艘，合计2.8万TEU；17000+TEU以上船舶交付1艘，合计17148TEU。交付预期层面，12000-16999TEU 船舶：2026年剩余月份交付73.74万TEU（50艘），2027年交付94.46万TEU（64艘），2028年交付121.2万TEU（82 艘），2029年交付41.54万TEU（29艘）。 17000+TEU船舶： 2026年剩余月份交付19.29万TEU（8艘），2027年交付86.28万TEU（40艘），2028年交付160.3 万TEU（80艘）,2029年交付126.15万TEU（77艘）.总体 ...

【EC】 行情综述:偏弱震荡 逻辑:现货瑞延续节前紧平衡态势,头部船司前期揽货已覆盖至 3 月中旬，叠加停航控舱力度加码,流通舱位持续 点 偏紧。节后下游工厂复工处于爬坡阶段但至少要到3月中旬，核心出口品类暂无集中放量，则需托底为主:船司挺价 i 策略出现分化,3 月上旬涨价落地难度较大，现货运价维持高位震荡，无深度回调压力。期货盘面周二大幅走强受 论 益于地缘情绪及航运板块共振。市场交易核心聚焦运价是否会继续下行及3月中下旬喊涨可能性。 ITG国贸期货 投资咨询业务资格：证监许可【2012】31号 航运衍生品数据日报 国贸期货研究院 能源化工研究中心 投资咨询号: Z0021177 卢钊毅 2026/2/27 从业资格号: F03101843 数据来源：Clarksons、Wind 中国出口集装箱运价 上海H回集装箱运价 运价指数 SCFI-美西 SCFIS-美西 SCFI-美东 SCFI-西北欧 指数CCFI 综合指数SCFI 现值 1251 1787 1155 1088 2524 1361 in in in 前值 1122 1403 1267 1801 1101 2530 涨跌幅 -1.19% -0.7 ...

智通财经APP讯，金辉集团(00137)发布公告，本公司拥有约55.69%权益的附属公司Jinhui Shipping and Transportation Limited(Jinhui Shipping)截至2025年12月31日止年度取得营业收入1.57亿美元，同比减少 0.9%;年内溢利1254.4万美元，同比减少47.74%;每股盈利0.115美元，拟派发末期股息每股0.018美元。 ...

金辉集团(00137)发布公告，本公司拥有约55.69%权益的附属公司Jinhui Shipping and Transportation Limited(Jinhui Shipping)截至2025年12月31日止年度取得营业收入1.57亿美元，同比减少0.9%;年内溢利 1254.4万美元，同比减少47.74%;每股盈利0.115美元，拟派发末期股息每股0.018美元。 ...

智通财经获悉，一位船运大亨对油轮市场做出的一场堪称"一代人仅见"的豪赌，已让其手握压倒性话语 权——下个月可在美国装货的超大型油轮中，绝大多数都被其掌控。 在地中海航运公司(MSC)的支持下，韩国长锦商船(Sinokor)大举购入超大型原油运输船(VLCC)，对全球 可即时租用的油轮船队形成了前所未有的掌控力。竞争对手称这轮扩张为"颠覆性举动"，并推动油轮租 金创下多年新高。 本周，长锦商船的市场主导地位愈发凸显：作为美国主要石油出口区，墨西哥湾沿岸可租用的超大型油 轮几乎尽数落入其手中。航运分析平台Signal Ocean数据显示，未来30天内，所有能抵达美国海湾且目 前无货在运的船舶，全部由长锦商船控制。 Signal的预估与多家油轮市场参与者的判断一致，业内均表示，长锦商船在该区域可用运力中占据绝对 主导地位。 这一极端局面，是迄今为止最明确的信号：长锦商船的大举扩张正在颠覆油轮市场格局，并推高船东收 益。周四，从美国墨西哥湾前往中国的超大型油轮租金已突破1730万美元，创下2020年以来新高。市场 人士指出，手握大量可用运力，让长锦商船在租金定价上拥有更大话语权。 Fearnley's Shipbro ...

一位船运大亨对油轮市场做出的一场堪称"一代人仅见"的豪赌，已让其手握压倒性话语权——下个月可 在美国装货的超大型油轮中，绝大多数都被其掌控。 在地中海航运公司(MSC)的支持下，韩国长锦商船(Sinokor)大举购入超大型原油运输船(VLCC)，对全球 可即时租用的油轮船队形成了前所未有的掌控力。竞争对手称这轮扩张为"颠覆性举动"，并推动油轮租 金创下多年新高。 本周，长锦商船的市场主导地位愈发凸显：作为美国主要石油出口区，墨西哥湾沿岸可租用的超大型油 轮几乎尽数落入其手中。航运分析平台Signal Ocean数据显示，未来30天内，所有能抵达美国海湾且目 前无货在运的船舶，全部由长锦商船控制。 Signal的预估与多家油轮市场参与者的判断一致，业内均表示，长锦商船在该区域可用运力中占据绝对 主导地位。 这一极端局面，是迄今为止最明确的信号：长锦商船的大举扩张正在颠覆油轮市场格局，并推高船东收 益。周四，从美国墨西哥湾前往中国的超大型油轮租金已突破1730万美元，创下2020年以来新高。市场 人士指出，手握大量可用运力，让长锦商船在租金定价上拥有更大话语权。 此前，受石油产量激增、委内瑞拉原油重返国际流通、以 ...

20260225复盘 宏观： 1. 韩国国会:通过旨在提升股票估值的商业法修订案。 人工智能： 1. 卖方：Cpo调整系市场误读花旗预测，实际上调了scale up的预测数量。 2. 卖方：GTC可能发布的新芯片为LPU芯片，主要用于推理，采用PCB板为高多层板，M9的Q布方案。 3. 欧盟知名云计算 20260225复盘 宏观： 1. 韩国国会:通过旨在提升股票估值的商业法修订案。 人工智能： 3. 传闻日本测试机进入国内大厂有一定限制。 1. 卖方：Cpo调整系市场误读花旗预测，实际上调了scale up的预测数量。 2. 卖方：GTC可能发布的新芯片为LPU芯片，主要用于推理，采用PCB板为高多层板，M9的Q布方案。 3. 欧盟知名云计算服务提供商 Hetzner从4月1日起云服务器涨价37%。 半导体： 1. 外媒报道：中国计划将先进芯片产量从目前不足2万片提升至1-2年后的10万片，到2030年再增加50万片产能的 更高目标。 2. 卖方：存储扩产预期上修，从10-12万上修到15万以上。 设备大订单即将落地。 4. 卖方：国内头部的光模块企业都在寻求封装厂合作或者并购机会，CPO工艺从精密制造转向 ...

1. Report Industry Investment Ratings No relevant content provided. 2. Core Views of the Report - The global market is currently in an observational phase with no clear consensus-driven trends. The short - term market is unlikely to have a unilateral trend, and the Fed's interest - rate cut narrative may be the next potential catalyst [2]. - The RMB exchange rate has shown strength. Short - term strategies for export and import enterprises are proposed, such as export enterprises locking in forward exchange settlement and import enterprises adopting a rolling purchase strategy [3][4]. - The stock index is expected to be bullish, while the bond market should focus on the Two Sessions' news [5][6]. - The container shipping market for the European route is expected to be weak in the short term, with a shift in trading logic [7][10]. - In the new energy market, the speculative sentiment of lithium carbonate is strong, and industrial silicon and polysilicon are in a situation of weak supply and demand [12][15]. - In the non - ferrous metal market, copper prices are expected to fluctuate at a high level, aluminum and its related products are expected to fluctuate and consolidate, zinc is expected to fluctuate strongly, nickel - stainless steel is expected to fluctuate at a high level, tin is expected to fluctuate at a high level, and lead is expected to fluctuate and adjust [18][22][23][25][27][28]. - In the oil and fat feed market, oilseeds have strong expectations but weak reality, and oils are expected to improve [29][31]. - In the energy and oil and gas market, high - sulfur fuel oil is under pressure, low - sulfur fuel oil is strong, and asphalt prices may decline [34][35]. - In the precious metal market, platinum - palladium is expected to be in a long - term bull market, and gold - silver is strategically bullish in the short term [38][40][41][43]. - In the chemical market, pulp and offset paper are expected to fluctuate at a low level, pure benzene - styrene should pay attention to geopolitical trends, LPG is affected by geopolitics, PX - PTA is expected to be easy to rise and difficult to fall, MEG - bottle chips are expected to fluctuate widely, methanol can consider a positive spread strategy, plastics PP are expected to fluctuate and decline, and rubber is expected to fluctuate in a range [45][47][50][52][56][59][61][64]. - In the black market, rebar and hot - rolled coils are expected to be weak, iron ore may recover seasonally, coking coal and coke need to focus on the resumption rhythm, and ferrosilicon and ferromanganese should wait for the hedging opportunity [79][80][81][84]. - In the agricultural and soft commodity market, the price of live pigs may continue to decline, cotton is recommended to go long on dips, sugar's rebound space is limited, eggs may fluctuate at a low level in the short term and rise in the medium term, apples are supported by delivery contradictions, dates are expected to fluctuate at a low level, and logs can be observed [85][88][91][92][100][102][103]. 3. Summary by Relevant Catalogs Financial Futures - **Macro**: The indirect negotiation between Iran and the US ended with "significant progress". The US initial jobless claims were 212,000, the Bank of Korea maintained the benchmark interest rate at 2.5%, and the Bank of Japan may consider raising interest rates [1]. - **RMB Exchange Rate**: The on - shore and off - shore RMB against the US dollar both broke through the 6.84 mark. Short - term strategies for export and import enterprises are provided [3][4]. - **Stock Index**: The stock index is expected to be bullish, with attention on the sustainability of trading volume [5]. - **Treasury Bond**: The bond market is bearish, and attention should be paid to the news of the Two Sessions [5][6]. - **Container Shipping for European Route**: The market is weak, with a shift in trading logic from expecting price increases to facing price cuts in the off - season [7][10]. Commodities New Energy - **Lithium Carbonate**: The speculative sentiment is strong, and upstream enterprises are recommended to hedge by shorting at high prices [12][14]. - **Industrial Silicon & Polysilicon**: They are in a situation of weak supply and demand. Short - term prices may break through the support level, and medium - term strategies are to go long at low prices [15][16]. Non - ferrous Metals - **Copper**: Prices are expected to fluctuate at a high level, and different trading strategies are proposed [18][21]. - **Aluminum Industry Chain**: Aluminum, alumina, and cast aluminum alloy are expected to fluctuate and consolidate. Different trading strategies are recommended according to different products [22][23]. - **Zinc**: It is expected to fluctuate strongly, and attention should be paid to the negative feedback of tariff news [23][24]. - **Nickel - Stainless Steel**: They are expected to fluctuate at a high level, and attention should be paid to US tariff and Indonesian supply - side factors [25][26]. - **Tin**: It is expected to fluctuate at a high level, and attention should be paid to the approval progress in Indonesia and the actual resumption progress in Myanmar [27]. - **Lead**: It is expected to fluctuate and adjust, and interval operations are recommended [28]. Oil and Fat Feed - **Oilseeds**: They have strong expectations but weak reality. After the market returns to fundamentals, shorting and reverse - spread opportunities can be considered [29][30]. - **Oils**: They are expected to improve, and long - position opportunities at low prices can be considered for palm oil [31][32]. Energy and Oil and Gas - **Fuel Oil**: High - sulfur fuel oil is under pressure, and low - sulfur fuel oil is strong. The market shows a differentiated pattern [34]. - **Asphalt**: Prices may decline, especially when the demand after the Spring Festival is lower than expected [35]. Precious Metals - **Platinum - Palladium**: They are expected to be in a long - term bull market, but attention should be paid to various risk factors [38][40]. - **Gold - Silver**: They are strategically bullish in the short term, and long - position strategies on dips are recommended [41][43]. Chemicals - **Pulp - Offset Paper**: They are expected to fluctuate at a low level, and interval trading strategies are recommended [45][46]. - **Pure Benzene - Styrene**: Attention should be paid to geopolitical trends, and long - position strategies on dips are recommended for styrene [47][49]. - **LPG**: It is mainly affected by geopolitics, and the short - term pricing is dominated by the Iran - US situation [50][51]. - **PX - PTA**: They are expected to be easy to rise and difficult to fall, and long - position strategies on dips and short - spread strategies for processing fees are recommended [52][55]. - **MEG - Bottle Chips**: They are expected to fluctuate widely, and short - selling is not recommended in the short term [56][58]. - **Methanol**: A positive spread strategy for the 5 - 9 contract can be considered, and attention should be paid to geopolitical factors [59][60]. - **Plastic PP**: They are expected to fluctuate and decline, and attention should be paid to the demand after the resumption of work by downstream enterprises and the inventory removal speed [61][63]. - **Rubber**: It is expected to fluctuate in a range, and different trading strategies are recommended for different types of rubber [64][71]. - **Urea**: It is recommended to buy at a low price, and the market price is expected to rise steadily [72]. - **Glass and Soda Ash**: Soda ash is expected to fluctuate with limited price movement, and glass prices are restricted by supply recovery and high inventory in the middle - stream [74][75]. - **Propylene**: It is affected by cost and supply - demand factors, and the market is still supported fundamentally [76][77]. Black Metals - **Rebar & Hot - Rolled Coil**: They are expected to be weak, and although the market may hype up expectations near the Two Sessions, the fundamentals are still weak [79]. - **Iron Ore**: It may recover seasonally, and low - buying opportunities or positive - spread strategies can be considered at low valuations [79][80]. - **Coking Coal & Coke**: They need to focus on the resumption rhythm of mines and steel mills after the Spring Festival, and the price may face short - term supply - demand mismatch or downward pressure [81][83]. - **Ferrosilicon & Ferromanganese**: They are affected by manganese ore news, and hedging opportunities after the emotional release can be waited for [84]. Agricultural and Soft Commodities - **Live Pigs**: The price is expected to continue to decline, and a sell - call option strategy is proposed [85][87]. - **Cotton**: It is recommended to go long on dips, and attention should be paid to the peak - season demand and US trade policy [88][90]. - **Sugar**: The rebound space is limited, although there is some upward driving force [91]. - **Eggs**: They may fluctuate at a low level in the short term and rise in the medium term [92][93]. - **Apples**: The short - term demand is weak after the Spring Festival, but the delivery contradiction provides support [100][101]. - **Dates**: They are expected to fluctuate at a low level, and attention should be paid to the post - festival replenishment demand [102]. - **Logs**: The futures price is expected to fluctuate weakly, and an observation strategy is recommended [103].

【中金交运】油运市场更新：VLCC现货运价保持20万美元/天，沙特Bahri租船 现货市场：昨晚最新的VLCC中东到中国TD3C航线的TCE上涨5%到20.6万美元/天 沙特国家石油运输公司Bahri下场租船（以下为彭博新闻报道，Gemini翻译）：沙特阿拉伯最大的石油航运公司 已初步租用至少五艘超级油轮。 沙特国家石油运输公司Bahri下场租船（以下为彭博新闻报道，Gemini翻译）：沙特阿拉伯最大的石油航运公司 已初步租用至少五艘超级油轮。 在油轮租用成本飙升之际，此举进一步推高了对这类巨型船舶的需求。 据 Tankers International的预订追踪系统显示，沙特国家航运公司（Bahri）已完成了其中两艘船舶的租用。 另外两艘出现在经纪人的成交报告中，而第五艘则得到了知情人士的证实。 根据成交信息，这五艘超大型原油运输船（VLCC）预计将在未来几周内把原油从该地区运往亚洲。 在油轮租用成本飙升之际，此举进一步推高了对这类巨型船舶的需求。 < 【中金交运】油运市场更新：VLCC现货运价保持20万美元/天，沙特Bahri租船 现货市场：昨晚最新的VLCC中东到中国TD3C航线的TCE上涨5%到20. ...