扬子晚报网12月30日讯（记者 姜天圣）12月30日上午，镇江市人民政府新闻办公室召开新闻发布会， 正式宣布 2025 年镇江港货物吞吐量历史性突破 3 亿吨大关！这一里程碑式的跨越，标志着镇江港成功 跻身全国港口 "3 亿吨俱乐部"，综合能级与枢纽地位实现跨越式提升，为镇江建设现代化枢纽城市、服 务区域经济高质量发展奠定了坚实基础。 镇江市政府办四级调研员高永平在发布会上详细介绍了镇江港的发展成就。他表示，在镇江市委、市政 府坚强领导和全市各部门、港口企业协同发力下，镇江港在 2024 年 2.95 亿吨吞吐量的基础上攻坚克 难，实现了规模能级的新跨越，巩固了国家主要港口和长三角重要枢纽港的地位。 同时，港口发展呈现 "量质齐升、动能增强" 的良好态势：通过开展 "五大行动" 推进存量岸线整合与码 头升级，资源利用效率显著提高；港产融合深度推进，"前港后厂" 等模式广泛推广，宝武矿石加工等 重大项目落地见效，对 "四群八链" 现代产业体系的支撑作用凸显；功能拓展持续发力，丹阳陵口内河 集装箱码头开通实现内河集装箱运输 "零的突破"，"润太穿巴" 稳定运营，绿色智慧平安港口建设成效 显著，岸电覆盖率、粉尘在线 ...

Core Viewpoint - Qingdao's transportation sector is set to achieve significant advancements during the "14th Five-Year Plan" period, focusing on building a modern comprehensive transportation system to support high-quality development [1] Group 1: Transportation Infrastructure Development - Qingdao has successfully transitioned from a national hub to an international comprehensive transportation hub, ranking among the top 20 in China [3] - The cargo throughput at Qingdao Port is projected to reach 712 million tons by 2024, a 17.8% increase from the end of the "13th Five-Year Plan," maintaining its position as the fourth largest port globally [3] - The construction of major projects, such as the Dongjiakou Port and automated terminals, has received numerous national and international awards [3] - By the end of 2024, the total railway operating mileage in Qingdao will reach 687 kilometers, with 249 kilometers of high-speed rail, enhancing its status as a regional railway hub [6] - The total length of highways in Qingdao will reach 15,754 kilometers, with 919 kilometers of expressways, and 44.7% of expressways will have six lanes or more [7] Group 2: Modern Logistics System - Qingdao has established itself as a key logistics hub, with a goal to reduce the ratio of total logistics costs to GDP to 13.9% by 2025 [8] - The city has been recognized as a national logistics hub, enhancing its logistics capabilities and supporting the local economy [8] - Qingdao's port has expanded to 235 shipping routes, connecting to over 700 ports worldwide, maintaining its leading position in northern China [10] Group 3: Public Transportation and Services - By the end of 2024, the total passenger volume of urban public transport is expected to reach 1.29 billion, with 100% coverage of administrative villages [12] - The metro system will expand to 352 kilometers, with metro passenger volume accounting for 43% of public transport [12] - The integration of bus and metro services has improved connectivity, with a 90% connection rate between bus stops and metro stations [12] Group 4: Green and Smart Transportation - Qingdao is advancing towards a smart, green, and safe transportation system, with a focus on low-carbon and resilient infrastructure [13] - The city has implemented a comprehensive traffic governance system, enhancing safety and efficiency in transportation [15] - Qingdao has established several low-altitude airports and is promoting the use of drones for various applications, marking the beginning of its low-altitude economy [16] Group 5: Future Outlook - Qingdao aims to continue its high-quality development by implementing a "1257" development strategy, focusing on becoming an international transportation hub and shipping center by 2030 [18]

乌拉圭《共和国报》记者莱昂纳多·佩雷斯感叹："港口的吞吐能力令人震撼!它不仅体现了中国基建的卓 越实力，将成为连接美洲与亚洲贸易的重要节点。"截至目前，洋浦港已开通64条内外贸航线，覆盖北美、东 南亚等全球主要市场，形成内外贸双循环的航运网络。 此外，洋浦凭借自贸港政策优势与优质服务，吸引了众多国内外航运企业、物流商建立合作关系，通过 协同优化供应链流程，提升区域物流效率：与阿布扎比结成"姊妹港"，升级直达航线班次频率;与新加坡港务 集团签订备忘录，推动形成更开放的产业合作生态……作为海南自贸港连接国内外市场的关键节点，洋浦国 际集装箱码头正通过航线拓展与合作深化，持续增强辐射能力。 尼日利亚阿布贾广播公司记者乔伊·伊芙茵娃·阿尼表示："洋浦的开放模式为非洲国家提供了范本。通过 这里，尼日利亚的农产品和资源产品能够更便捷地进入亚洲市场，促进双边贸易共赢。" "全球南方"媒体海南行采访团走进洋浦国际集装箱码头。本组图片由海报集团全媒体中心记者 陈望 摄 媒体记者们认为，洋浦国际集装箱码头不仅是海南面向全球的窗口，更承载着"全球南方"国家协同发展 的期望。它以实际成效证明：中国正通过自贸港建设，为新兴经济体创造更 ...

Summary of Conference Call Notes on China Transportation: Shipping and Ports Industry Overview - The focus is on the shipping and port industry, specifically involving China Cosco Shipping Corp. (COSCO Group) and CK Hutchison's port assets [1][2]. Key Points and Arguments 1. **Acquisition Participation**: COSCO Group may participate in acquiring 43 ports from CK Hutchison, which were initially agreed to be sold to a consortium including BlackRock [1]. 2. **CK Hutchison's Port Sale**: CK Hutchison announced agreements to sell its 90% interest in Panama Port Company and an 80% interest in various subsidiaries operating 43 ports across 23 countries, with a total enterprise value of US$22.8 billion [2]. 3. **Financial Position of COSCO Group**: As of the end of Q3 2024, COSCO Group had US$37.6 billion in cash and US$26.5 billion in total borrowings, resulting in a net cash position of US$11.1 billion [3][7]. 4. **Geographical Exposure**: CK Hutchison's ports handled 52 million TEUs in 2024, while COSCO Shipping Ports managed 144 million TEUs, indicating a significant operational scale difference [8][18]. 5. **Co-investment in Terminals**: COSCO and CK Hutchison co-invest in certain terminals, such as COSCO-HIT in Hong Kong and Yantian terminal in China [8]. Financial Metrics - **COSCO Group's Cash Position**: After accounting for COSCO Shipping Holdings' contribution, COSCO Group's net debt is calculated at US$11 billion, with significant liquidity at the holdings level [7]. - **COSCO Shipping Ports' Financials**: COSCO Shipping Ports had US$1.2 billion in cash and US$2 billion in net debt [7]. Valuation and Price Targets 1. **COSCO Shipping Ports**: Rated as "Buy" with a 12-month target price of HK$5.3 based on a sum-of-the-parts valuation [23]. 2. **COSCO Shipping Holdings**: Target prices set at HK$11.1 and Rmb14.2, based on P/BV multiples, with expectations of higher ROE due to supply chain complexities [24]. Risks and Considerations - **Downside Risks**: Include worse-than-expected global trade and poor execution in overseas M&A for COSCO Shipping Ports [23]. - **Upside Risks**: Unexpected events reducing effective capacity and special dividend payouts for COSCO Shipping Holdings [24]. Additional Insights - The report highlights the strategic importance of geographical exposure in the shipping industry and the potential for COSCO Group to enhance its portfolio through acquisitions [1][2][8]. - The financial health of COSCO Group positions it favorably for potential acquisitions, despite the competitive landscape [3][7]. This summary encapsulates the critical insights from the conference call regarding the shipping and ports industry, focusing on COSCO Group and CK Hutchison's strategic maneuvers and financial standings.