Group 1 - The company, COSCO SHIPPING Energy Transportation Co., Ltd., plans to issue A-shares to specific investors in 2025, subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2][3] - The total number of shares to be issued will not exceed 1,431,232,918 shares, with the final number to be determined based on subscription conditions and regulatory approvals [1][2] - The company aims to raise funds primarily for the construction of six Very Large Crude Carriers (VLCCs), two LNG carriers, and three Aframax oil tankers [2][3] Group 2 - The company will initially invest its own funds in the projects until the raised funds are available, and any shortfall in the net amount raised will be covered by the company's own or self-raised funds [2][3] - The company has committed to ensuring that the issuance does not dilute the immediate returns for existing shareholders, with measures in place to address any potential dilution [2][3] - The company’s major shareholders include China Ocean Shipping Group, which holds 46.45% of the shares, making it the indirect controlling shareholder [6][7] Group 3 - The global oil transportation industry is expected to maintain growth, driven by increasing demand in the Asia-Pacific region, which accounts for over 50% of global oil imports [12][13] - The company operates primarily in the maritime transportation of liquid bulk hazardous goods, including crude oil, refined oil, LNG, LPG, and chemicals [6][11] - The international maritime industry is regulated by various organizations, including the International Maritime Organization, which sets standards for safety and environmental protection [8][9]

行 业 及 产 业 交通运输 行 业 研 究 / 行 业 点 评 2025 年 07 月 05 日 船舶吸收合并重工获批船价企稳推 荐船舶板块，关注港股租赁公司 看好 ——申万宏源交运一周天地汇(20250629-20250704) 本期投资提示： 证 券 研 证券分析师 张慧 A0230524100001 zhanghui@swsresearch.com 闫海 A0230519010004 yanhai@swsresearch.com 研究支持 罗石 A0230524080012 luoshi@swsresearch.com 严天鹏 A0230524090004 yantp@swsresearch.com 王易 A0230525050001 wangyi@swsresearch.com 刘衣云 A0230524100007 liuyy@swsresearch.com 王晨鉴 A0230525030001 wangcj@swsresearch.com 郑逸欢 A0230124010001 zhengyh@swsresearch.com 范晨轩 A0230123070006 fancx@swsresearch. ...

以下文章来源于创业板观察 ，作者胡皓琼 创业板观察 . 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息， 提供有价值的市场资讯。 霍尔木兹海峡这一油运咽喉若被"掐断"，有分析人士认为， 市场可寻求长航线替代，但航程 拉长引发油运运费上涨，原油运费预计易涨难跌。 或受此影响，油运股大涨，截至上午收盘，兴通股份（603209.SH）涨停、招商南油 （601975.SH）涨6.98%、中远海能（600026.SH）涨4.53%。 根据油运上市公司财报，2024年中远海能VLCC船队中东航线营运天占比53%。中远海能、 招商轮船（601872.SH）的VLCC船队，都有与客户签订签署COA合同或不同期限结构的期 租合同。 油运市场本应步入淡季，油运运费却迎来大涨。波罗的海原油运价指数（BDTI）最新数据显 示，截至6月19日，TD3C TCE达到57758美元/天，为2024年4月以来的最高水平，较6月 12日的22764美元/天上涨了约154%。 中信期货研究所首席研究员武嘉璐告诉财联社记者，若霍尔木兹海峡关闭，油运运价将保持涨 势，且原油运费将易涨难跌，VLCC日租金或难 ...

又有最新消息传来！ 新华社援引《以色列时报》23日报道，以色列总理内塔尼亚胡22日说，伊朗核项目和导弹项目已受到"重创"， 以色列行动目标"非常接近完成"。内塔尼亚胡在一场新闻发布会上说，以色列不会与伊朗陷入消耗战，但在任 务完成前不会停火。 据环球网援引卡塔尔半岛电视台等媒体报道，在美国对伊朗核设施进行打击后，一个与伊朗最高领袖哈梅内伊 有关的社交媒体账号当地时间23日在X上发帖称，以色列犯下了严重错误，必须受到惩罚。英国《卫报》称， 这是自美国对伊朗进行打击后，哈梅内伊首次发声。"'犹太复国主义敌人'犯下了严重错误和滔天罪行，必须 受到惩罚，而且现在正在受到惩罚。" 与此同时，伊朗方面称，在采取报复之前，不会有外交谈判。而特朗普则威胁伊朗政权更替。据央视新闻报 道，伊朗议会国家安全委员会委员库萨里表示，伊朗议会已得出结论，认为应关闭霍尔木兹海峡，但最终决定 权在伊朗最高国家安全委员会手中。据悉，此事亦引发了美国的忧虑。 受上述消息影响，A股航运板块开盘大涨，招商南油、宁波海运、兴通股份竞价涨停，国航远洋涨近20%，油 气股亦是集体飙升。港股海运股涨幅持续扩大，其中，太平洋航运大涨超20%，德翔海运涨超9% ...

智通财经APP获悉，荷兰国际银行大宗商品策略师表示，石油市场最大的担忧是霍尔木兹海峡的关闭， 这将影响波斯湾的石油流动。全球近三分之一的海运石油贸易都要经过这个咽喉要道。石油流通的严重 中断足以将油价推高至每桶 120 美元。他们预测，在这种情况下，欧佩克的闲置产能将无助于缓解市场 紧张，因为大部分闲置产能位于波斯湾。在这种情况下，各国政府可能不得不动用其战略石油储备，尽 管这只是一个暂时的解决办法。 多位航运及大宗商品研究人士表示，短期内油运价格将迎来上涨行情，后续运费走势将取决于局势升级 程度以及伊朗可能对霍尔木兹海峡采取的行动。 波罗的海交易所发布的原油运输指数显示，6月16日运价指数收于987点，涨幅为6.36%。 克拉克森研究运费市场信息显示，上周VLCC运费大幅上涨，中东-中国航线运费从上周初WS40上涨至 上周五的WS58.5，这推动该航线上2010年建造的VLCC即期市场日收益从20000美元/天升至35000美元/ 天以上。 光大证券研报表示，原油运输风险上升叠加对伊原油制裁可能性，油运景气有望回升。本轮伊以冲突对 原油和油运市场的影响包括：地缘冲突加剧导致原油运输风险加剧。对伊朗石油生产销 ...

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - Container throughput growth is steady, while bulk cargo throughput is gradually stabilizing [2] - Overall throughput performance is stable, maintaining a "Positive" rating for the shipping and port sector [7] Summary by Sections Overview: National Import and Export Total and Cargo Throughput Situation - In the first four months of 2025, the national import and export total reached 14.14 trillion yuan, a year-on-year increase of 2.4%. The import total was 5.75 trillion yuan, down 4.2%, while the export total was 8.39 trillion yuan, up 7.5% [4][14] - Coastal major ports' cargo throughput reached 3.702 billion tons, a year-on-year increase of 1.9% [4][31] Container: Shipping Rates and Container Throughput Situation - From January to April 2025, coastal major ports' container throughput reached 9.88 million TEUs, a year-on-year increase of 8.1% [4][41] - As of June 6, 2025, the China Container Freight Index (CCFI) was 1154.98 points, down 22.79% year-on-year, while the Shanghai Container Freight Index (SCFI) was 2240.35 points, down 26.42% year-on-year [35][36] Liquid Bulk: Oil Shipping Rates and Crude Oil Throughput Situation - As of June 6, 2025, the Baltic Dirty Tanker Index (BDTI) was 951 points, down 24.94% year-on-year [43] - From January to April 2025, crude oil imports reached 183 million tons, a year-on-year increase of 0.5% [51] Dry Bulk: Shipping Rates and Iron Ore, Coal Throughput Situation - As of June 6, 2025, the Baltic Dry Index (BDI) was 1633 points, down 13.18% year-on-year [59] - From January to April 2025, iron ore throughput at major ports reached 450 million tons, a year-on-year increase of 0.07% [65] Monthly Throughput Situation of Key Port Listed Companies - In April 2025, Shanghai Port's cargo throughput was 0.51 billion tons, with container throughput of 450.10 thousand TEUs, reflecting a year-on-year increase of 3.40% and 7.65% respectively [76]

里海管道集团公司（CPC）：第一季度原油运输量增加至1785万桶。 ...

行 业 及 产 业 研究支持 罗石 A0230524080012 luoshi@swsresearch.com 严天鹏 A0230524090004 yantp@swsresearch.com 张慧 A0230524100001 zhanghui@swsresearch.com 王易 A0230123050001 wangyi@swsresearch.com 刘衣云 A0230524100007 liuyy@swsresearch.com 王晨鉴 A0230525030001 wangcj@swsresearch.com 范晨轩 A0230123070006 fancx@swsresearch.com 郑逸欢 A0230124010001 zhengyh@swsresearch.com 联系人 交通运输 行 业 研 究 / 行 业 点 评 - 券 研 究 报 告 张慧 A0230524100001 zhanghui@swsresearch.com 闫海 A0230519010004 yanhai@swsresearch.com 范晨轩 (8621)23297818× fancx@swsresearch.com ...