对于2025年底海南全岛封关运作的影响，公司认为，封关后"一线放开、二线管住"政策将显著提升货物 进出便利性，"非禁即入"的投资自由化原则有望吸引更多投资者和合作伙伴，直接带动车客流量增长。 此外，海南省环岛旅游公路的建成将大幅增加自驾出行人群，进一步利好公司客滚运输主营业务。西沙 航线运营：主导区域特色旅游市场 海南海峡航运股份有限公司（以下简称"海峡股份"）于2025年11月21日接受了特定对象调研。本次调研 由华福证券、海南椰龙两家机构参与，公司高管张芬芬、许楠楠、刘哲就公司业务布局、新航线运营、 运力调整及行业机遇等问题与机构进行了深入交流。 调研基本信息投资者关系活动类别：特定对象调研时间：2025年11月21日14:30-15:30地点：海南省海口 市滨海大道157号港航大厦14层参与单位名称：华福证券、海南椰龙上市公司接待人员姓名：张芬芬、 许楠楠、刘哲 核心调研要点：新航线、运力优化与业务结构解析公司业务概况：港航一体化布局，客滚船规模达64艘 海峡股份成立于2002年，2009年在深交所上市，是琼州海峡客滚运输龙头企业。公司通过多次资源整合 实现业务扩张：2017年收购轮渡码头资产切入港口服 ...

（原标题：加纳港口设施不足影响转口贸易竞争力） 随着西非地区港口竞争日趋激烈，加纳如何平衡硬件投入与软件提升，将决定其能否在非洲大陆自 贸区背景下保持区域贸易枢纽地位。 据"新闻加纳网"11月18日报道，加纳货运代理协会（CUGAB）在近日举行的利益相关方论坛上发 出警告，称由于过境货运终端存在严重的基础设施缺陷和运营挑战，加纳正面临大量过境货物流向邻国 多哥的危机。 奥福里·阿塔强调，解决基础设施问题过程中的任何延误都可能对加纳的过境业务造成不可逆转的 损害。一旦进口商转向设施更好、成本更低的港口，重建业务关系将异常困难。更严峻的是，多哥近期 与布基纳法索、马里、尼日尔结成的萨赫勒国家联盟合作，可能通过专属过境协议进一步分流加纳港口 的货物。 尽管特马港二期扩建工程已于2025年9月完工，但运营效率仍是关键挑战。根据2010年至2022年西 非港口表现研究显示，特马港的效率存在波动，反映出运营稳定性不足。同时，24小时服务政策虽减少 了货物滞留时间和滞港费，但部分船公司和政府机构尚未完全落实该制度。奥福里·阿塔呼吁当局优先 改善基础设施、安防系统和港口道路，强调加纳必须加速现代化进程，防止在服务萨赫勒内陆国 ...

中新网天津11月20日电 (记者 王君妍)天津水运口岸(东疆港区)19日成功通过世界卫生组织专家组的实地 测评验收，被正式授予"国际卫生港口"称号，标志着天津港正式跻身国际卫生港口行列，成为我国北方 地区首个获此殊荣的海港口岸。 据介绍，"国际卫生港"是世界卫生组织依据《国际卫生条例(2005)》对国际通航口岸公共卫生控制能力 的国际权威认可。天津港此次成功创建"国际卫生港"，将显著提升天津港的国际声誉和综合竞争力，进 一步增强天津港在全球航运格局中的号召力、影响力。 天津港集团党委副书记、总裁焦广军表示，天津港集团将持续巩固创建成果，不断完善保障体系，切实 筑牢卫生安全防线，向建设更加安全、高效、智慧、绿色的世界一流港口奋勇前进，为更好服务京津冀 协同发展、促进全球贸易畅通和公共卫生安全做出新的更大贡献。(完) 图为授牌仪式。 (天津港集团供图) ...

Core Viewpoint - Namibia is positioning itself as a strategic hub for imports and exports in Southern Africa, focusing on enhancing port capacity and infrastructure to address regional logistics challenges [1] Group 1: Port Infrastructure - South African ports have faced congestion, rising costs, and social unrest, leading neighboring countries to seek new trade routes [1] - The Namibian government has granted a 25-year concession to the Namibia Port Authority (TIN) to upgrade the Walvis Bay port, aiming for long-term stable operations [1] - The Walvis Bay project plans to raise $123 million for modernizing container terminals, enhancing throughput capacity, and improving operational efficiency [1] Group 2: Regional Logistics Development - In addition to port infrastructure, Namibia is actively advancing cross-border road and rail network construction [1] - If these strategies are successfully implemented, Namibia is expected to transform the regional logistics landscape and enhance its significance in African trade and international markets [1]

Group 1: Company Overview - Hainan Strait Shipping Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2009, laying the foundation for rapid development [2] - In 2017, the company expanded its business to port services by acquiring ferry terminal assets [2] - The company completed the integration of shipping resources in the Qiongzhou Strait in 2021, enhancing transportation service capabilities [2] - By 2025, the company will have a fleet of 64 passenger and roll-on/roll-off ships, ranking first globally [2] Group 2: Financial Performance - As of Q3 2025, the company reported cumulative revenue of CNY 3.923 billion and a net profit of CNY 190 million [3] - The weighted average return on equity was 2.96%, with basic earnings per share at CNY 0.0852 [3] - Revenue in Q3 2025 showed a 2.19% year-on-year growth despite a decline in net profit due to increased costs from strategic investments [3] Group 3: Business Operations - The revenue breakdown for Hainan Strait Shipping includes: - 72% from the Haian route - 10% from the Yantai to Dalian route - 6% from the Xisha route - 5% from port services [6] - The newly launched Haikou to Fangchenggang route covers 157 nautical miles and takes approximately 12 hours, enhancing connectivity with strategic initiatives [5] Group 4: Future Opportunities - The implementation of favorable tax policies in Hainan's free trade port is expected to lower operational costs and attract more investors [9] - The completion of infrastructure projects, such as the circular island tourism road, is anticipated to boost passenger traffic [9] Group 5: Strategic Initiatives - The company plans to invest in two new passenger and roll-on/roll-off ships to replace aging vessels [10] - Future strategies include improving operational efficiency and enhancing collaboration with partners to maximize resource utilization [11]

Group 1 - The core point of the article is that Shanghai Port Group announced the convening of its board meeting to discuss the investment in establishing Shanghai Guomao Holdings Co., Ltd. [1] - For the first half of 2025, the revenue composition of Shanghai Port Group is as follows: container segment accounts for 43.82%, port logistics for 35.45%, port services for 18.62%, others for 4.8%, and bulk cargo segment for 3.99% [1] - As of the report date, the market capitalization of Shanghai Port Group is 132 billion yuan [1]

Group 1: Aviation and Airports - The number of visa-free foreign visitors to China has increased by 52%, which is expected to drive the recovery of aviation and gradually restore airport profitability [2][5][7] - International passenger traffic is projected to grow by 25% in 2025, with a significant contribution from visa-free foreign visitors [16][18] - Major airports have seen passenger throughput recover to 2019 levels, with international passenger volume at Pudong Airport increasing by 23% year-on-year [28][26] Group 2: Shipping and Ports - Exports to ASEAN and Africa have increased by 15% and 28% respectively, benefiting regional shipping and port companies [3][44] - The new land-sea corridor in the western region has seen container volume grow by 70%, indicating strong demand for shipping services [3][44] - The global shipping demand is expected to grow slowly in 2026, with supply pressures potentially leading to lower freight rates [33] Group 3: Highways and Logistics - There is a potential for toll increases on existing highways, with some provinces already raising rates by over 30% [45][47] - The express delivery sector is showing signs of recovery, with price increases expected as competition stabilizes [58][60] - The logistics supply chain is expected to benefit from the monetization of traffic and new business growth, with significant revenue increases projected [61][64] Group 4: New Energy Vehicles and Smart Driving - Sales of electric heavy trucks have surged by 198%, with freight costs reduced by 16%, indicating a shift towards electrification in logistics [4][73] - The penetration rate of new energy vehicles is rapidly increasing, with significant implications for road transport efficiency and cost [80][79] - Companies in the smart driving sector are expected to see substantial growth, driven by technological advancements and increased market demand [81]

Core Insights - The arrival of the 200,000-ton container ship "COSCO Shipping Gemini" at the Qinzhou Automated Container Terminal marks a significant milestone for the North Bay Port, being the largest and longest container ship to dock since its establishment [1][3] - The ship has a capacity of 20,119 TEUs and will operate with 13,000 TEUs at Qinzhou Port before heading to Rotterdam, Netherlands, integrating into the Asia-Europe trade route [1][3] Group 1 - The successful docking of "COSCO Shipping Gemini" and another large container ship, "COSCO Shipping Pacific," indicates a breakthrough in the North Bay Port's capability to handle ultra-large vessels regularly [3] - The Qinzhou Port area is enhancing its overall layout as a hub, channel, and network, with capabilities for 200,000-ton container ships and 300,000-ton oil tankers [3] Group 2 - In the first three quarters of this year, the foreign trade container supervision volume at Qinzhou Port reached 874,000 TEUs, reflecting a year-on-year increase of 28.4% [3] - The North Bay Port's shipping network has expanded to 91 routes, covering major ports in coastal China, Southeast Asia, and Northeast Asia, and extending to South Asia, Africa, and South America, facilitating easier export paths for goods from western China [3]

【文/观察者网 阮佳琪】 中美近期相继调整多个关税或非关税措施，开始落实双方吉隆坡经贸磋商达成的成果共识。 据路透社等6日报道，当地时间周四，美国特朗普政府宣布，作为缓解贸易紧张局势更广泛协议的一部 分，正式敲定对涉华船舶暂停征收一年期美国港口费用的计划。彭博社指出，此为特朗普在与中方贸易 协定谈判中做出的一项"关键让步"。 据报道，美国贸易代表办公室（USTR）在《联邦公报》公告中称，自11月10日起，将暂停因"301条 款"贸易调查对中国采取的所有惩罚性措施。意见征询期截至当地时间周五（7日）下午。 美方公告中称，"美国将自2025年11月10日起，暂停本调查中采取的应对措施，为期一年。美国还将依 据301条款，就本调查中提出的相关问题与中国进行谈判。" 公告未披露谈判的启动方式及具体目标，仅表示美国将继续推进本国造船业振兴工作，包括与日本、韩 国等主要盟友及合作伙伴展开相关磋商和历史性合作。 此外，美国还同步暂停了对岸边集装箱起重机和卡车集装箱联运底盘征收的100%关税。 USTR的最新公告显示，港口费用及起重机关税的暂停期限将持续至2026年11月9日美国东部标准时间 晚间23点59分。公告指出，"暂 ...

Company Overview - Established in 2002, Hainan Strait Shipping Co., Ltd. was initiated by five shareholders including Hainan Port and Shipping Holdings Co., Ltd. and Shenzhen Yantian Port Co., Ltd. [2] - Listed on the Shenzhen Stock Exchange in 2009, the company has experienced rapid growth, particularly after acquiring ferry terminal assets in 2017 and becoming indirectly controlled by China COSCO Shipping Group in 2019 [2]. - By 2025, the company plans to complete a cash acquisition of 100% equity in COSCO Shipping Passenger, increasing its roll-on/roll-off (RoRo) vessel fleet to 66, ranking first globally [2]. Business Operations - The company primarily operates passenger and vehicle transportation services across routes such as Haikou to Hai'an, Yantai to Dalian, and Sanya to Xisha, alongside ferry port services [2]. - Revenue is generated through freight charges for shipping and port service fees, with a focus on enhancing overall income through tourism products on Xisha routes [2]. Challenges in Roll-on/Roll-off Transportation Seasonal Demand Fluctuations - Significant seasonal variations in passenger and vehicle traffic, with peak periods during holidays leading to daily volumes that can reach several times the normal capacity [3]. - Insufficient capacity during peak times can result in vehicle delays and passenger congestion, while excess capacity in off-peak seasons leads to high idle rates and increased operational costs [3]. Complex Logistics - The transportation of diverse vehicle types (trucks, cars, buses, electric vehicles) complicates logistics, requiring dynamic loading to maximize space utilization [4]. - Any delays in passenger or vehicle processing can lead to schedule disruptions [4]. Safety Concerns with Electric Vehicles - The rise in electric vehicle usage introduces new safety challenges, particularly regarding fire risks and emergency response difficulties [5]. Strategic Responses - To address increased traffic from the Hainan Free Trade Port, the company plans to invest in additional flat-top barges and new RoRo vessels, as well as explore new routes to alleviate pressure on existing services [6]. Dividend Policy - The company aims to provide stable dividend returns to shareholders while ensuring sustainable development, considering profitability, cash flow, future investments, and shareholder expectations [7][8]. Opportunities from Hainan Free Trade Port - The implementation of favorable tax policies is expected to lower operational costs and attract more investors, enhancing passenger and vehicle traffic [9]. - Improved infrastructure, such as the completion of the circular island tourism road, is anticipated to boost the company's core business [9]. Future Developments in Tourism - The company operates the Sanya to Xisha tourism route, offering a four-day, three-night experience with various activities [11]. - Plans to transition from traditional transport vessels to cruise-style experiences are underway, focusing on enhancing service quality and diversifying tourism offerings [12]. Stakeholder Engagement - The company maintains transparency regarding potential asset integration plans, committing to comply with legal disclosure requirements [10]. Conclusion - The company is positioned to leverage growth opportunities while addressing operational challenges through strategic investments and innovative service offerings.