Group 1 - The company, COSCO SHIPPING Specialized Carriers, announced that it will hold its first extraordinary general meeting of shareholders for 2026 on January 23, 2026, at 15:00 [2]

（文章来源：证券日报） 证券日报网讯 1月7日，海通发展发布公告称，公司于2026年1月7日召开第四届董事会第三十四次会 议，审议通过了《关于预计2026年度担保额度的议案》。公司及控股子公司拟为合并报表范围内子公司 （含授权期限内新设立或纳入合并范围的子公司）提供新增担保金额合计不超过5.90亿美元和1.50亿元 人民币，提供担保的形式包括但不限于信用担保（含一般保证、连带责任保证等）、抵押担保、质押担 保或多种担保方式相结合等形式。 ...

Group 1 - The domestic commodity futures market is experiencing a bullish sentiment, driven by the strong performance of the metal sector, with significant gains in various commodity indices [1][3] - As of January 7, the China Securities Commodity Futures Price Index closed at 1630.09 points, up 20.20 points (1.25%), while the China Securities Commodity Futures Index closed at 2249.33 points, up 27.87 points (1.25%) [1] - Major industrial metals showed a general increase, with nickel hitting the limit up, tin rising over 5%, while copper saw a slight increase of less than 0.2% after reaching a historical high [1][3] Group 2 - Nickel prices are supported by tightening export policies from Indonesia, which has led to expectations of improved supply-demand dynamics for nickel [3][4] - The Indonesian Nickel Mining Association has revised its 2026 nickel ore production target down by 34% to approximately 250 million tons, which is a significant reduction from the previous target of 379 million tons for 2025 [3] - The domestic market for nickel and stainless steel is experiencing a tightening supply, with rising prices leading to accelerated inventory depletion [4] Group 3 - Despite the bullish sentiment in the commodity market, certain sectors like SC crude oil are still facing downward pressure due to an oversupply situation [5][6] - The SC crude oil market saw a decline of over 2.57%, reflecting ongoing concerns about supply exceeding demand [5][6] - Precious metals faced profit-taking, with platinum dropping over 2% and Shanghai gold retreating below 1000 yuan per gram [6]

Core Viewpoint - Haitong Development (603162) announced an investment of up to 900 million yuan (excluding tax) to build three 62,000 DWT multi-purpose heavy-lift vessels through its wholly-owned subsidiary, Haitong International Shipping Co., Ltd. This move aims to expand operational capacity, enhance competitiveness, and improve profitability without adversely affecting the company's financial status or ongoing business capabilities [1]. Group 1 - The investment is intended to expand the company's operational scale and improve the fleet structure [1]. - The construction contract for the vessels has been signed with Taizhou Port Shipbuilding Co., Ltd. [1]. - The investment is expected to enhance the company's market share and competitiveness [1].

随着全球经济发展，航运需求日趋多元化，传统散货船已难以完全覆盖日益复杂的运输需要。重吊船主要服务于风电设备、工程项目货物、大型 机械 及铁 路设备等领域。 在 碳中和 与能源安全背景下，全球风电行业快速发展，中国风电设备出口需求持续旺盛。与此同时，"一带一路"倡议深入推进，带动东南亚、中东、拉美 等地基础设施建设项目增多。此外，国内制造业升级推动 工程机械 、 核电 设备、大型化工设备等出口增长。上述因素共同驱动多用途重吊船市场需求稳步 向上。 近年来，海通发展主要通过购入二手船实现运力扩张，本次下单是其时隔数年后再次投资新造船，体现了公司对重吊船细分市场前景的坚定信心，也是对国 家" 一带一路 "倡议的积极响应。待3艘重吊船全部交付，海通发展的船队实力与船龄结构将得到显著增强和优化，有助于进一步提升在国际航运市场中的 综合 竞争力。 业务协同强化，打造第二增长曲线 重吊船业务与海通发展已有的件杂货 运输业 务高度协同。该船型配备起重能力较强的起货设备，能更好地满足重大件货物的海运需求，有助于公司进一步 丰富运输货种、提升市场份额及行业影响力。同时，重吊船领域具备较高的专业门槛，有利于公司构建经营壁垒。目前， ...

Core Viewpoint - Haitong Development (603162.SH) is expanding its capacity and enhancing its fleet structure to improve competitiveness, market share, and profitability through a significant investment in new vessels [1] Investment and Expansion - The wholly-owned subsidiary, Haitong International Shipping Co., Ltd., plans to invest no more than 900 million yuan (excluding tax) to construct three 62,000 DWT multi-purpose heavy-lift vessels [1] - A shipbuilding contract has been signed with Taizhou Port Shipbuilding Co., Ltd. on January 7, 2026, to facilitate this construction [1]

Core Viewpoint - Haitong Development (603162.SH) is expanding its capacity and enhancing its competitiveness and market share through a significant investment in new vessels [1] Group 1: Investment and Expansion - The company plans to invest no more than 900 million yuan (excluding tax) to build three 62,000 DWT multi-purpose heavy-lift vessels [1] - The construction contract for the vessels has been signed with Taizhou Port Shipbuilding Co., Ltd. on January 7, 2026 [1] Group 2: Strategic Goals - The investment aims to improve the company's operational capacity and profitability [1] - The expansion is expected to strengthen the company's overall fleet structure [1]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The stock index futures market showed a normal oscillation on Wednesday, with short - term oscillations not changing the upward trend. Attention should be paid to the central bank's liquidity management and the possible impact of annual report performance announcements. There are structured opportunities in the L3 level, and positive factors exist in domestic computing power, AI applications, etc. [5] - The bond market may maintain a short - term oscillatory pattern due to factors such as risk preference recovery, supply concerns, and inflation expectations. It is recommended to wait and see before the main trend becomes clear. [10] - The container shipping index 02 contract is expected to maintain a high - level oscillation in the short term. Spot enterprises without shipping contracts before the Spring Festival can hold long hedging positions, and attention can be paid to the positive arbitrage opportunity between EC2604 and EC2608. [12][13] Summary by Related Catalogs Current Affairs - The Venezuelan interim government will transfer 30 - 50 million barrels of oil to the US, and the funds will be supervised by Trump [1] - China's Ministry of Commerce prohibits the export of dual - use items to Japanese military users [2] - The Trump administration is discussing plans to acquire Greenland, including purchase, free association agreement, and military means [2] - The People's Bank of China clarifies key tasks in 2026, including strengthening counter - cyclical and cross - cyclical adjustments, using various monetary policy tools, and strengthening financial market supervision [2] - Fed officials have different views on interest rates. Richmond Fed President Barkin advocates "fine - tuning" based on data, and Fed Governor Milan expects more than 100 basis points of interest rate cuts this year [3][4] - The US Supreme Court may rule on Trump's global tariff policy on January 9 [4] - Multiple departments held a symposium on the power and energy storage battery industry, focusing on anti - involution measures [4] - China's Ministry of Commerce is conducting an anti - dumping investigation on imported dichlorodihydrosilane from Japan [4] Stock Index Futures - On Wednesday, the market oscillated. The Shanghai Composite Index rose 0.05%, and the trading volume of the Shanghai and Shenzhen stock markets was 285.41 billion yuan. The performance of index futures varied, with some rising and some falling. [5] - Structured opportunities are expected in the L3 level, and positive factors exist in domestic computing power, AI applications, etc. Attention should be paid to sectors such as domestic computing power & equipment, automotive & robotics, AI applications, and non - bank finance, as well as themes like controllable nuclear fusion and brain - computer interfaces. [5][6] Bond Futures - On Wednesday, the central bank conducted 28.6 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 50.02 billion yuan. The money market was loose, and risk sentiment suppressed the bond market, especially the ultra - long end. [9] - The bond market has been volatile recently due to risk preference recovery and supply concerns. Although there are some favorable factors for bond funds, the bond market allocation rhythm may slow down. A January reserve requirement ratio cut is still possible. [10] Container Shipping Index - On Wednesday, the container shipping index 02 contract fluctuated. Some funds took profits, and shipping companies lowered online freight rates, causing the index to decline. If the cargo volume is lower than expected, the spot freight rate may turn around at the end of January. [12] - Before the Spring Festival, the marginal support logic remains. Spot enterprises without shipping contracts can hold long hedging positions, and attention can be paid to the positive arbitrage opportunity between EC2604 and EC2608. [13] Future 24 - Hour Key Data - Tonight (January 7): At 21:30, pay attention to the change in US ADP employment in December. The previous value was 199,000, and the forecast value is 212,000. From January 8 to 14, the Bloomberg Commodity Index will conduct an annual weight re - balancing. [15] - Tomorrow (January 8): At 21:15, focus on the change in US ADP employment in December (the previous value was - 32,000, and the forecast value is 48,000). At 23:00, pay attention to the US ISM non - manufacturing index in December (previous value 52.6, forecast value 52.3) and the final value of the month - on - month change in US durable goods orders in October (previous value - 2.2%, forecast value - 2.2%). [16]

Group 1: Investment Rating - No investment rating provided in the report Group 2: Core Views - The near - month futures market generally follows the spot price trend, with the market opening high and closing low today, while the far - month market remains volatile due to geopolitical conflicts. The subsequent index center is expected to gradually rise [6]. - The shipping demand from December to January is expected to gradually improve, and the supply of shipping capacity has changed slightly. The geopolitical situation may have an impact on fuel costs and the trade pattern, but currently, the impact on shipping routes is limited [7]. Group 3: Summary by Directory 1. Market Analysis and Strategy Recommendation Market Analysis - On January 7, 2026, EC2602 closed at 1,779.1 points, a - 5% decline from the previous day's closing price. On December 26, the SCFI European line quote was $1,690/TEU, a + 10.24% increase month - on - month. The latest SCFIS European line index released by the Shanghai Shipping Exchange on Monday was 1,795.83 points, a + 3% increase month - on - month, slightly lower than expected [6]. - In terms of spot freight rates, MSK has adjusted its prices. Other shipping companies have also set different price ranges for January. The shipping capacity from Shanghai to the five Nordic ports from January to March 2026 is 306,100/271,900/283,300 TEU per week on average, with slight changes at the beginning of the week. The FAL8 route of the OA Alliance will add an 8,500 - TEU ship at the end of January and an empty voyage in February [7]. Strategy Recommendation - Unilateral trading: Consider closing all long positions in EC2602 at high prices and pay attention to the rhythm of the freight rate reaching the peak [8]. - Arbitrage: Wait for opportunities to enter the market at low prices for the 6 - 10 positive spread arbitrage [9]. 2. Industry News - China is considering tightening the export license review of rare earths to Japan, which may have a significant impact on the Japanese economy [10]. - Trump announced that the interim authorities in Venezuela will transfer 30 - 50 million barrels of high - quality, sanctioned crude oil to the United States [10]. - Iran stated that it is ready to respond decisively to any aggression or hostile behavior [11].

Core Viewpoint - The company aims to enhance its operational capacity and market competitiveness by investing in the construction of multi-purpose heavy-lift vessels [1] Group 1: Investment Decision - The company approved an investment of up to 900 million RMB (excluding tax) for the construction of three 62,000 DWT multi-purpose heavy-lift vessels [1] - The investment is intended to expand the company's fleet and improve its overall competitiveness and market share [1] Group 2: Subsidiary Involvement - The investment will be executed through the company's wholly-owned subsidiary, Haitong International Shipping Co., Ltd. [1] - A shipbuilding contract has been signed with Taizhou Port Shipbuilding Co., Ltd. for the construction of the vessels [1]