COSCO SHIPPING Ports throughput rises 8.4 per cent in Q3

COSCO SHIPPING Ports recorded an 8.4 per cent year-on-year increase in third-quarter throughput to 42.27 million TEUs, supported by growth across several Chinese port regions and its wider terminal network.

For the three months ended 30 September 2026, revenue increased by 13 per cent to $484.3 million, while gross profit rose by 19.3 per cent to $128.1 million. Profit attributable to equity holders edged up by 0.1 per cent to $82.6 million.

For the first nine months of 2026, total throughput grew by 8.1 per cent to 122.42 million TEUs, while equity throughput increased by 7.4 per cent to 37.38 million TEUs.

Revenue rose by 12.6 per cent to $1.39 billion, and gross profit increased by 12.6 per cent to $367.6 million. Profit attributable to equity holders climbed by 19.7 per cent to $316.3 million.

Chinese terminals accounted for 73.2 per cent of the Group’s third-quarter throughput, handling 30.94 million TEUs, up 4.9 per cent year on year. Equity throughput across these terminals also increased by 4.9 per cent to 8.84 million TEUs.

The Bohai Rim region recorded a 4.3 per cent increase in throughput to 14.12 million TEUs. At Dalian Container Terminal, throughput rose by 6.7 per cent to 1.46 million TEUs, which the company attributed partly to growth in high-tech exports amid increasing investment in artificial intelligence.

Performance in the Yangtze River Delta was weaker, with throughput declining by 0.3 per cent to 4.34 million TEUs. However, CSP Wuhan Terminal recorded a 17 per cent increase to 87,112 TEUs, supported by the development of its shipping network and stronger port-rail freight connections.

The Southeast Coast and Others region recorded a 7.6 per cent increase in throughput to 1.51 million TEUs during the quarter.