Core Viewpoint - The market is showing strong performance, indicating a potential bullish trend, with all indices rising and significant trading volume observed [1][2]. Market Performance - All three major indices, including the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, closed with strong bullish candlesticks, reflecting a robust return of bullish sentiment [1]. - A total of 3,536 stocks rose today, with a trading volume reaching 1.56 trillion, an increase of 98.5 billion compared to the previous day [1]. Fund Flow Analysis - Institutional and major players are injecting new capital into the market, while retail investors are still experiencing net outflows, though the amount has significantly decreased to less than 8 billion [1][2]. - The reduction in retail outflows suggests that previous selling pressure has been alleviated, leading to a concentration of shares among institutional and major players [1]. Market Outlook - The market is likely to continue its upward trend, with a focus on the flow of funds, particularly whether institutions will maintain their inflow and if retail investors will shift to net inflow [2]. - Key support and resistance levels are identified: Shanghai Composite Index support at 3,490 and resistance at 3,530; ChiNext Index support at 2,228 and resistance at 2,284 [2]. Sector Focus - Attention should be given to sectors such as port shipping and power electronics for potential buying opportunities, especially if they align with the overall market uptrend [2].

Core Insights - Yantian Port has surpassed its total LNG refueling volume from last year, reaching over 285,000 cubic meters in 2023 [1] - The port has become the second-largest bonded LNG refueling center in China [1] LNG Refueling Operations - The LNG refueling operation involved the C-type LNG bunkering vessel "Xinao Putuo," which completed a refueling of 7,755 cubic meters [1] - This year's LNG refueling volume at Yantian Port has already exceeded the total volume for the entire previous year [1] Container Throughput and Connectivity - In the first half of the year, Yantian Port's container throughput exceeded 7.58 million TEUs, representing a year-on-year growth of 12.7% [1] - The port has added 11 new shipping routes this year, with nearly 100 routes connecting globally each week [1] - On average, there are 4 ships heading to Europe and 6 ships heading to the United States daily from Yantian Port [1]

Core Viewpoint - The launch of the first direct shipping line from Nansha Port in Guangzhou to the U.S. West Coast marks a significant development in logistics, enabling a 14-day transit time to Los Angeles [1] Group 1: Shipping Line Details - The inaugural voyage of the "Renjian 8" vessel departed from Nansha Port, carrying over 600 containers of "Made in China" daily necessities to the Port of Los Angeles [1] - The new shipping line is independently operated by Hede Shipping, utilizing a fleet of 5 vessels that will run on a weekly schedule [1] - The route connects Nansha Port Phase I (CNNSA) to the WBCT terminal at the Port of Los Angeles [1]

Report Title - Focused Container Port and Key Hub Monitoring 20250716 [1] Report Author - Lan Xi from the Black and Shipping Department of Orient Securities Derivatives Research Institute [1] Report Industry Investment Rating - Not provided Core Viewpoints - In Asia, the superposition of typhoon season and export peak will continue to put pressure on domestic port operations, and the congestion pressure in Southeast Asian ports has rebounded after a brief easing [2]. - In Europe, issues such as summer vacations, labor shortages, railway shutdowns in Germany, and low water levels in the Rhine will gradually emerge in the next two months, causing European ports to face continuous pressure of increased congestion [2]. - In North America, the scale of ships in US ports has slightly increased, but the overall congestion level is still controllable, with a slight increase in the duration of ships in ports on the west coast and no significant change on the east coast [2]. Summary by Directory Data Review - **Asia Ports** - Yangshan Port: The weekly average waiting time/berthing time of ocean - going container ships is 18.2 hours/24.9 hours, with 23/32 ships at anchor/berthing. The average turnover time is about 2 days [2]. - Ningbo Port: The weekly average waiting time/berthing time is 14.3 hours/25.4 hours, with 17/39 ships at anchor/berthing. The average turnover time is about 2 days [2]. - Qingdao Port: The weekly average waiting time/berthing time is 34.5 hours/42.1 hours, and the average turnover time exceeds 3 days [2]. - Singapore Port: The weekly average waiting time/berthing time is 2.2 hours/30.1 hours, with 2/42 ships at anchor/berthing. The average time in port is 1.3 days [2]. - Port Klang: The weekly average waiting time/berthing time is 19.6 hours/34.8 hours, with 8/20 ships at anchor/berthing. The average time in port is 2.3 days [2]. - **European Ports** - Rotterdam, Antwerp, Hamburg, and Bremen: The weekly average waiting time/berthing time of ocean - going container ships are 14.4 hours/49.4 hours, 19.0 hours/36.3 hours, 11.2 hours/43.1 hours, and 28.1 hours/47.4 hours respectively, with 3/21, 3/20, 2/18 ships at anchor/berthing [2]. - Valencia: The weekly average waiting time/berthing time is 2.7 hours/40.9 hours, with 7/8 ships at anchor/berthing [2]. - The average time in port of Antwerp, Rotterdam, Hamburg, and Bremen are about 2.6 days, 2.5 days, 2.2 days, and 2.8 days respectively [2]. - **North American Ports** - Long Beach, Los Angeles, and Tacoma: The weekly average waiting time/berthing time of ocean - going container ships are 0 hours/127.2 hours, 6.6 hours/123.4 hours, and 15.7 hours/84.0 hours respectively. There are 0 ships at anchor in Long Beach and Los Angeles, and 19 ships berthing [2]. - New York, Savannah, and Norfolk: The weekly average waiting time/berthing time are 1.3 hours/46.0 hours, 13.3 hours/31.2 hours, and 6.7 hours/23.4 hours respectively. There is 1/10 ship at anchor/berthing in New York [2]. - Houston Port: The weekly average waiting time/berthing time is 0 hours/51.0 hours [2]. Data Overview - The latest average time in port of various ports, monthly and annual comparisons are presented. For example, Yangshan Port's latest time in port is 44.0 hours, with a monthly decrease of 9.0 hours and an annual increase of 19.1 hours [6]. Asian Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in Asian ports are provided [10][17] European Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in European ports are provided [20][26] North American Port Dynamic Tracking - Data on the scale of container ships in ports, the number of ships at anchor and berthing, and the average time in port of ocean - going ships in North American ports are provided [36][40] Large Ship Arrival and Key Hub Monitoring - Data on the arrival of large - scale container ships at key ports such as Yangshan, Ningbo, and Singapore, and the arrival of 12,000 + container ships of different alliances in Asia, Northwest Europe, and the Mediterranean are provided [44][47] - Data on the passage of container ships through the Cape of Good Hope, Suez Canal, and Panama Canal are provided [50][51]

Core Viewpoint - Fujian is leveraging innovation and green initiatives to enhance its maritime industry, focusing on sustainable development and international cooperation in shipping and marine exploration [1][7]. Group 1: Green Port Development - Fujian has accelerated the construction of green ports, increasing the use of clean energy and shore power, with 7 port companies rated as four-star "China Green Ports" [2] - Xiamen Port has implemented an "electricity substitution action" for container terminals, achieving over 55% electrification of equipment [2] - The first new energy tugboat in Fujian, "Xianggang Tug 30," saves over 200 tons of fuel annually, reducing CO2 emissions by more than 600 tons [2] - The coverage rate of shore power facilities at non-oil chemical terminal berths in the province has reached 69% [2] Group 2: Shipbuilding and Export Growth - Fujian has made significant advancements in battery power systems and ship design, with over 80 electric ships in demonstration projects and a domestic market share exceeding 40% [3] - In the first four months of this year, Fujian's ship exports reached 5.27 billion, a year-on-year increase of 17.1%, with ASEAN and Latin America as major markets [3] - Exports to ASEAN amounted to 2.06 billion, a staggering increase of 245.2%, accounting for 39% of total ship exports [3] Group 3: Maritime Technology Innovations - Fujian companies have developed advanced technologies such as fluorescent ceramic light sources and high-strength aluminum alloys for shipbuilding [4] - The fluorescent ceramic LED products are widely used in various vessels, enhancing safety and efficiency [4] - Fuzhou Jin Kong provides high-throughput satellite communication terminals for nearly 10,000 fishing vessels, establishing a "information highway" at sea [4] Group 4: Deep Sea Exploration - Fujian has established a competitive edge in deep-sea exploration equipment, with significant contributions to both domestic and international projects [5] - The "Exploration No. 2" research vessel, built by Fujian Shipbuilding, is the largest support ship for deep-sea manned submersibles, contributing to deep-sea exploration [5][6] - The delivery of the "WINDPIPER" ocean engineering vessel marks a milestone as the world's first ultra-large ship with a cargo capacity exceeding 45,000 tons [6] Group 5: Policy and Industry Support - Fujian's maritime sector is experiencing robust growth driven by policy support, technological innovation, and industry collaboration [7] - Five key shipbuilding projects have been announced for 2025, focusing on upgrading the new energy ship industry [7] - Fuzhou Customs is facilitating ship exports by streamlining customs procedures, enhancing support for Fujian shipbuilders [7] Group 6: International Cooperation and Events - International maritime conferences and exhibitions are providing platforms for cooperation in Fujian's marine economy [8] - The 2024 East Asia Sea Conference and the World Maritime Equipment Conference will enhance Fujian's influence in international maritime affairs [8] - These events create favorable conditions for Fujian enterprises to expand globally and attract foreign investments [8]

在深化服务优化的进程中，苏州立足实际、敢为人先，创新推出全省唯一的港口岸线审批"三评合 一"模式。将航道通航评价、通航安全评估融入项目可研报告，实现岸线审批与航道、海事审查并联办 理，大幅压缩审批时限，为码头功能优化提升项目加速落地提供保障，相关经验将向苏南运河沿线城市 推广，成为优化港航营商环境的"苏州样板"。 与此同时，监管服务同样彰显"执法温度"。市交通执法支队创新开展企业"邀约式"检查，针对经营 变化企业提供"靶向式"安全指导；对C、D类港口企业主动上门服务，帮助解决问题。无人机巡查新模 式的应用，提升执法效能，实现"无事不扰，有案必查"，切实保障企业合法权益。苏州内河码头以创新 服务，树立起港航发展的新标杆。 从生态治理的精耕细作，到港口能级的跨越提升，再到服务模式的创新突破，苏州内河港口码头的 每一步探索，都汇聚成高质量发展的内驱动力。上半年，苏州内河港完成货物吞吐量8274.21万吨，同 比增长10.53%；集装箱吞吐量同比增25.55%。此外，多条集装箱航线通江达海，进一步织密水运网 络，畅通物流通道。 记者从苏州市交通运输局了解到，今年上半年，苏州内河港口锚定绿色转型、能级跃升、服务提质 三 ...

Core Viewpoint - The launch of Shenzhen's first 5000 horsepower pure electric intelligent tugboat "ShenGang Electric Tug 1" marks a significant breakthrough in the application of pure electric vessels in Shenzhen, providing a new green service solution for regional water operations [1][2]. Group 1: Environmental Impact - The tugboat utilizes pure electric drive technology, achieving zero emissions of sulfur oxides, nitrogen oxides, and particulate matter, with an annual reduction of over 300 tons of diesel consumption and approximately 1000 tons of CO2 emissions [1]. - The noise level of the electric tugboat is reduced by about 20 decibels compared to traditional diesel-powered tugboats [1]. Group 2: Economic Benefits - The intelligent energy management system allows the electric tugboat to consume approximately 700 KWH of electricity per operation, compared to about 200 KG of diesel for conventional tugs, leading to an estimated annual fuel cost savings of 2 million yuan [1]. - The electric tugboat demonstrates significant economic advantages over its entire lifecycle [1]. Group 3: Operational Capabilities - The tugboat has received the "i-Ship (M, E, I)" intelligent symbol certification from the China Classification Society and features innovative safety functions for crew behavior identification, enabling it to safely assist ultra-large container ships of 400 meters in length and over 24,000 TEU capacity [2]. Group 4: Government Support - Shenzhen's maritime department is focusing on "benefiting enterprises and the public" by providing customized government services, including financial subsidies for clean energy-powered vessels like lithium battery ships [2]. - The department is also working on optimizing crew standards and enhancing vessel management efficiency, while promoting the application of electric vessels to contribute to the green and intelligent transformation of Shenzhen's port and shipping industry [2].

Core Insights - The total value of China's goods trade imports and exports in the first half of the year reached 21.79 trillion yuan, reflecting a year-on-year growth of 2.9% [1] Group 1: Port Performance - Shenzhen Yantian Port, one of the world's largest single container terminals, handles over 40,000 standard containers daily, establishing itself as a global shipping hub [1] - In the first half of the year, Yantian Port's container throughput exceeded 7.58 million TEUs, marking a year-on-year increase of 12.7% [1] - The port has added 11 new shipping routes this year, with nearly 100 routes connecting globally each week, including 4 daily sailings to Europe and 6 to the United States [1]

Core Insights - The article emphasizes the urgent need to accelerate the construction of a unified national market, highlighting the strategic importance of the Zhoukou Port in enhancing logistics and trade connectivity in the region [1] Group 1: Zhoukou Port Development - Zhoukou Port has become the largest and most capable inland port in Henan and the Huai River basin, with a cargo throughput of 27.5 million tons in the first half of the year, representing a year-on-year increase of 55.5% [11] - By 2024, the port's cargo volume is expected to exceed 50 million tons, accounting for 87% of the province's inland cargo volume, with container throughput reaching 163,000 TEUs, a growth of over 50% compared to the previous year [12] - The port operates 18 domestic container shipping routes and 14 international container shipping routes, connecting over 20 countries and more than 10 provinces in China [12] Group 2: Economic Impact - The low-cost advantages of water transportation are transforming into core competitive strengths for local enterprises, with transportation costs significantly lower than rail [7] - Major companies, including Yihai Kerry and Henan Steel Group, are benefiting from reduced logistics costs, enhancing their profitability and operational efficiency [7] - The development of the port is fostering a cluster of industries, including grain processing, steel logistics, and equipment manufacturing, contributing to the regional economic growth [7] Group 3: Strategic Opportunities - Zhoukou Port is positioned as a critical node in the national unified market construction, leveraging the dual strategic opportunities presented by national policies and local initiatives to enhance inland waterway development [6] - The ongoing construction of the Zhoukou Port Central Operation Area aims to expand its capacity and efficiency, with plans for 22 berths capable of accommodating 2,000-ton vessels [9] - The integration of rail and port facilities is expected to enhance the logistics network, breaking the geographical limitations of Henan province and facilitating greater access to international markets [9][10]

Group 1 - The establishment of the first international crew change center in the Guangdong-Hong Kong-Macao Greater Bay Area at Nansha Port significantly enhances the efficiency of foreign crew members' entry, achieving a "boarding and clearance" time of under 8 minutes, which is a 70% improvement over traditional methods [1][3] - The Nansha Port has been recognized for its high-level safety and efficient customs services, contributing to the transformation of trade patterns from "buying globally" to "linking globally," in line with the "Nansha Plan" announced by the State Council [3] Group 2 - Nansha Port has seen a 56.5% year-on-year increase in automobile exports, with over 200,000 vehicles exported in the first half of the year, facilitated by a "zero waiting time" customs inspection model for ships and a full-chain customs clearance process for new energy vehicles [6][8] - The port is projected to handle over 11.5 million vehicles in 2024, maintaining its position as the largest in the country, and has been recognized as a best practice case for service trade innovation by the State Council [8] Group 3 - The Nansha border inspection station has implemented a series of services to expedite the import of fresh fruits, including 24/7 inspections and streamlined customs procedures, resulting in a total of 23,300 tons of durians and cherries processed in the first half of the year [9][11] - Nansha Port has become the largest maritime port for fruit imports in China for five consecutive years, enhancing its role as a key link in the new land-sea trade corridor [9][11] Group 4 - The Nansha International Cruise Home Port has entered regular operations, with innovative management measures for international cruise services, including visa exemptions and a "face-scan" customs clearance process, significantly improving the passenger experience [12][14] - Since its regular operation began, the port has efficiently processed over 140,000 inbound and outbound passengers, highlighting its role in promoting cruise tourism [14]