当地时间10日，美国贸易代表办公室（USTR）宣布对其于2025年4月17日采取的恢复美国造船业的响应措施的某些方面进行修改，并就该措施的几项拟议 的进一步修改征求公众意见。 USTR表示，就拟议的进一步修改提交书面意见的截止日期为2025年11月12日。 一位在美国物流行业工作的资深人士对第一财经记者表示，该USTR301调查是一年多前美国本地企业提出的，目前要走流程。 他对记者表示，按照USTR的设想，未来受影响的包括起重机和车架等，此前USTR还曾经考虑对集装箱征收关税，目前看来放弃了。 4月17日，美国贸易代表办公室宣布对中国海事、物流和造船领域301调查的最终措施。对此，商务部新闻发言人彼时表示，一年多来，中方针对美方301调 查反复申明立场，并提供中方立场非文件，要求美方以客观事实为依据，纠正错误做法，停止将自身产业发展面临的问题归咎于中国。在美方不久前举行的 听证会上，绝大部分各国行业代表对美方措施表示反对，美国内对此也有很大反对声音。但美方还是一意孤行，执意发布相关限制措施。中方对此强烈不 满、坚决反对。 商务部新闻发言人表示，美方措施充分暴露出其单边主义、保护主义政策本质，是典型的非市场做法 ...

本文字数：1178，阅读时长大约2分钟 作者 | 第一财经 冯迪凡 封图 | AI生成 当地时间10日，美国贸易代表办公室（USTR）宣布对其于2025年4月17日采取的恢复美国造船业的响应措施的某些 方面进行修改，并就该措施的几项拟议的进一步修改征求公众意见。 2025.10. 11 他对记者表示，按照USTR的设想，未来受影响的包括起重机和车架等，此前USTR还曾经考虑对集装箱征收关税， 目前看来放弃了。 4月17日，美国贸易代表办公室宣布对中国海事、物流和造船领域301调查的最终措施。对此，商务部新闻发言人彼时 表示，一年多来，中方针对美方301调查反复申明立场，并提供中方立场非文件，要求美方以客观事实为依据，纠正 错误做法，停止将自身产业发展面临的问题归咎于中国。在美方不久前举行的听证会上，绝大部分各国行业代表对美 方措施表示反对，美国内对此也有很大反对声音。但美方还是一意孤行，执意发布相关限制措施。中方对此强烈不 满、坚决反对。 商务部新闻发言人表示，美方措施充分暴露出其单边主义、保护主义政策本质，是典型的非市场做法，具有明显的歧 视性色彩，严重损害中国企业正当权益，严重扰乱全球产供链稳定，严重违反 ...

美国海关与边境保护局的一纸公告，正将全球海运网络推向一场前所未有的地缘政治风暴中心。10月14日起实施的针对中国船舶的差别性收费政策，不仅标 志着中美竞争从科技、贸易领域延伸至物流命脉，更揭开了全球治理体系中规则制定权的深层较量。 这套分级收费体系展现了美方精心设计的打击精度。对中国公司拥有或运营的船舶每净吨征收50美元，直指中资航运企业；对中国建造船舶征收每净吨18美 元或每集装箱120美元，则瞄准中国作为全球最大造船国的产业优势；而对所有外国汽车运输船统一收费，更显其遏制中国新能源汽车出口的战略意图。 值得玩味的是政策中的"豁免条款"。液化天然气运输船获得免费通行证，恰逢美国正积极拓展欧洲LNG市场；允许已在美国下单订造新船的船东获得最长三 年豁免期，则暴露了其为本土造船业争夺订单的真实目的。这种"胡萝卜加大棒"的设计，凸显了政策背后复杂的利益权衡。 面对美方的步步紧逼，中国显然早有准备。九月底提前修订的《国际海运条例》，新增针对"歧视性限制"的反制条款，如同在棋盘上预先布下的应对之子。 从特别费用对等到限制进港、切断数据服务，中方构建了多层次的反制工具箱，展现出在规则对抗中的战略预见能力。 美国此次征费 ...

中日造船业的较量，实质上是两国工业实力的较量，就像一场"龙与虎"的对决。最终谁能笑到最后，谁就能在全球造船市场占据重要位置。 先来看看日本，曾经的世界造船领袖。二战后，日本经济恢复得很快，造船业也迅速崛起。到了20世纪60年代，日本已经成为全球最大的造船国 家。那个时期，日本的造船技术和工艺非常先进，尤其在液化天然气运输船和超大型油轮的制造上，可以说日本是行业的"领头羊"。 造船业并不只是简单的制造船只，它涉及到一个国家的工业水平与经济实力，甚至可以说，它是衡量一个国家工业发展状况的"风向标"。哪里造船 业兴旺，哪里的工业就会得到推动。 到了2023年，日本的造船完工量依然可观，达到了1500万载重吨。尽管面临来自全球各地的激烈竞争，日本仍然保持着一定的市场份额和生产能 力。然而，随着时间的推移，劳动力成本上升、人口老龄化以及国际市场的压力，使得日本造船业的辉煌逐渐褪色。 再来看看中国，中国的造船业发展则有些像"后来者居上"的故事。从20世纪90年代起，中国政府加大了对造船业的投资，并出台了有力的政策支 持。通过这些举措，中国的造船业得到了迅速发展。到2023年，中国的造船完工量达到了4232万载重吨，占全球 ...

Group 1 - As of 2025, China holds a dominant position in the global shipbuilding industry with a 53% share of global orders, while the U.S. accounts for only 0.5% [1][3] - China's shipbuilding industry is rapidly advancing in high-tech vessel categories, including liquefied natural gas carriers and ultra-large container ships, supported by a complete domestic supply chain [3][5] - The average delivery time for a large cargo ship in China is 20 months, compared to 30 months or more in the U.S., highlighting China's efficiency in production [5] Group 2 - China's advantages in shipbuilding costs stem from lower prices for steel, labor, and financing, with steel prices significantly lower than those in Japan and South Korea [5][9] - The U.S. shipbuilding industry faces challenges due to a shortage of skilled labor, with average annual salaries for welders reaching $75,000, limiting production capacity [7][9] - The U.S. shipbuilding sector is primarily focused on military vessels, which has resulted in a lack of competitiveness in the commercial ship market, with only 0.5% of global orders for civilian vessels [9][11] Group 3 - The Jones Act in the U.S. mandates that all vessels engaged in domestic trade must be built in U.S. shipyards, which protects domestic demand but reduces global competitiveness [9][11] - The U.S. shipbuilding supply chain is heavily reliant on imports for high-precision equipment and steel, increasing costs and delivery times [9][11] - Efforts by the Trump administration to revitalize the U.S. shipbuilding industry through international partnerships and investments have not addressed the fundamental issues of high costs and inefficiencies [11]

Group 1: Strategic Restructuring - Pingmei Shenma and Shenneng Group announced plans for strategic restructuring by the controlling shareholders, which will not significantly impact their operations [1][1] - The restructuring will not change the controlling shareholders or the actual controllers of either company [1][1] Group 2: Capital Increase - Ganfeng Lithium plans to introduce investors for a capital increase of up to 2.5 billion yuan for its subsidiary, Ganfeng Lithium Technology [2] - The capital increase will be priced at 3 yuan per 1 yuan of registered capital, and the company will waive its preferential subscription rights [2] Group 3: Stock Trading Suspension - Upwei New Materials' stock has been suspended for verification due to multiple instances of abnormal trading fluctuations [3] - The company will conduct an investigation into the trading volatility and will resume trading after the verification process [3] Group 4: Earnings Forecast - Jihong Co. expects a net profit of 209 million to 222 million yuan for the first three quarters of 2025, representing a growth of 55% to 65% year-on-year [4] - The growth is attributed to significant increases in revenue and profit from cross-border social e-commerce and improved operational efficiency in the packaging business [4] Group 5: Fundraising and Projects - Hanyu Pharmaceutical plans to raise up to 968 million yuan through a private placement for various projects including peptide drug production and R&D upgrades [5] - Water Development Gas received acceptance for its securities issuance application from the Shanghai Stock Exchange [6] Group 6: Important Transactions - Tianqi Model's controlling shareholders signed a share transfer agreement to transfer 162 million shares, which will change the controlling shareholder to Jianfa Wanyu [7] - The transaction is expected to lead to a change in the actual controller to the Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission [7] Group 7: Investment Projects - Dongfang Yuhong signed an investment agreement to invest 600 million yuan in a new materials industry chain project in Nanning, Guangxi [9] - The project includes mining, processing, and product development [9] - Changqing Group plans to invest 571 million yuan in the second phase of its cogeneration project in Maoming [9]

Group 1 - China is striving to dominate various manufacturing sectors, from low-end to high-end industries, leveraging artificial intelligence to revitalize sectors like garment manufacturing, which were previously avoided by middle-income countries [1][2] - China's manufacturing value added accounts for approximately 30% of the global total, which is double that of the United States, with significant market shares in drones, electric vehicles, and shipbuilding [1] - The garment industry is experiencing a resurgence in China, with Alibaba's smart clothing factory project utilizing AI to predict popular designs and optimize production, showcasing China's comprehensive manufacturing capabilities [2] Group 2 - Many industries that China is entering were once strengths of South Korea, such as steel and petrochemicals, which are now facing challenges due to China's advancements and capacity expansions [3] - South Korea's market share in key sectors like automobiles, shipbuilding, and smartphones has declined, with China rapidly entering areas such as LNG carrier construction [3] - In the semiconductor sector, China has reached a level where it can challenge the dominance of South Korean companies like Samsung and SK Hynix in 3D NAND flash memory [3]

Group 1 - The ongoing US-China trade war has extended into the shipping trade sector, with the US government attempting to impose high toll fees on Chinese shipping companies, while China has responded with punitive tariffs of up to 78% on certain US products [1][10] - Starting from October 14, 2024, all vessels registered in mainland China, Hong Kong, and Macau must pay a fee of $50 per net ton when docking at US ports, which will increase annually to a maximum of $140 per net ton [3][4] - The new US port fee policy is expected to impact 98% of global merchant ships due to their connections with Chinese shipbuilding or shipping companies [4] Group 2 - The US policy aims to weaken the market share of Chinese shipping companies on US routes and revive the declining US shipbuilding industry, which has faced challenges such as skilled labor shortages and supply chain disruptions [5] - Major Chinese shipping companies have already begun to adjust their route allocations, with at least six regular weekly routes to the US being suspended, while other routes have seen increased business [7][8] - China's strategic response includes redirecting shipping capacity from US routes to other regions, effectively avoiding US fees and improving operational efficiency on alternative routes [8] Group 3 - The US's unilateral policy changes have caused significant disruptions in the global shipping industry, with warnings from various US industries about potential chaos in international shipping due to the reliance on vessels associated with China [8] - China's implementation of anti-circumvention measures against US fiber optic products, resulting in additional tariffs, highlights the vulnerabilities in the US supply chain and technology sectors [10] - The outcome of this trade conflict will depend on the resilience of industries, technological innovation, and cost control, emphasizing the need for a balance between protecting domestic industries and maintaining international trade order [11]

Core Insights - In July, South Korea's shipbuilding order volume was 330,000 CGT (8 vessels), a year-on-year decrease of 37%, capturing a global market share of 16% [1] - China led with 1,520,000 CGT (43 vessels), but experienced a significant year-on-year decline of 59%, holding a market share of 75% [1] - The global total order volume was 2,030,000 CGT (58 vessels), reflecting a month-on-month decrease of 43% and a year-on-year decrease of 58% [1] - From January to July, the cumulative global order volume reached 23,260,000 CGT, a year-on-year reduction of 51%, with South Korea contributing 5,240,000 CGT (23%) and China 13,030,000 CGT (56%) [1] Global Order Backlog - As of the end of July, the global shipbuilding order backlog stood at 164,790,000 CGT, decreasing by 440,000 CGT from the previous month [1] - South Korea's backlog was 35,220,000 CGT (21%), showing a month-on-month increase of 20,000 CGT but a year-on-year decrease of 4,030,000 CGT [1] - China's backlog was 98,370,000 CGT (60%), with a month-on-month increase of 410,000 CGT and a year-on-year increase of 1,337,000 CGT [1] Newbuilding Price Index - The Clarkson Newbuilding Price Index was recorded at 186.65 points, a decrease of 0.46 points from the previous month, yet 47% higher than July 2020 [1] - Major ship types' prices included LNG carriers at $251 million, very large crude carriers at $126 million, and 22,000-24,000 TEU ultra-large container ships at $273 million [1]

Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of the year, outperforming the same period last year and ranking among the top major economies [1] - The import and export scale reached a historical high for the same period, with exports increasing by 7.2% year-on-year [1] Current Economic Challenges - The Chinese economy still faces numerous risks and challenges, necessitating a correct understanding of the situation and a focus on strategic stability [2][4] - The external environment is increasingly complex and uncertain due to rising unilateralism and protectionism globally [3] Domestic Economic Strengths - China's economic foundation is stable, with many advantages, strong resilience, and significant potential for long-term growth [4] - Domestic consumption has become the main driving force for economic growth, contributing 52% to GDP growth in the first half of the year [6] Consumption and Investment Strategies - To stimulate consumption, measures will be taken to enhance residents' income and create diverse consumption scenarios [7] - Investment in urbanization and infrastructure, such as upgrading old neighborhoods and improving public services, is expected to generate substantial new investment demand [9] Foreign Trade and Investment - In the first seven months, China's total import and export volume increased by 3.5%, with high-tech product exports growing by 7.2% [10] - The number of newly established foreign-invested enterprises reached 30,014, a year-on-year increase of 11.7% [10] Market Expansion and Opportunities - China has achieved growth in trade with over 190 countries and regions, with 61 partners exceeding a trade scale of 50 billion [11] - The Hainan Free Trade Port is set to enhance its openness with a significant expansion of zero-tariff products [12] Innovation and Development - High-tech manufacturing has shown robust growth, with a 9.5% year-on-year increase in added value for large-scale high-tech industries [16] - The number of high-value patents has reached 5.01 million, reflecting strong innovation capabilities [16] Policy and Reform Initiatives - The government is implementing proactive macroeconomic policies to stabilize employment, businesses, and market expectations [21] - Reforms are being deepened to create a fair market environment and support the development of various enterprises [22][23] Conclusion - By leveraging development opportunities and maintaining strategic focus, China aims to achieve high-quality completion of the "14th Five-Year Plan" and lay a solid foundation for the next phase of development [25]