【中信建投:船舶行业正处于十年维度的上行景气周期】中信建投证券研报称,船舶行业正处于十年维度的上行景气周期,存量运力迭代更新叠加环保政策趋严,为行业核心支撑逻辑。受到外部事件影响,细分船型景气分化、轮动节奏不一。当前油运运价高企,刺激油轮迎来下单潮,新船订单自2025年11月起连续高增,全年油轮订单有望维持高位;展望后市,散货船订单或将接力成为下一阶段景气主线。从边际数据来看,新船方面,8月新船价格指数186.34,同比+0.04%,环比+0.46%,连续5个月回升,充分印证行业属于供需偏紧的卖方市场,看好板块后续行情。
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