COSCO SHIPPING Ports profit edges up in Q3

Overseas terminals drove much of the gain in throughput.

COSCO SHIPPING Ports’ net profit attributable to shareholders inched up 0.1% year on year (YoY) to around $648m (US$82.6m) in the third quarter (Q3) of 2026.

Revenue rose 13% to around $3.8b (US$484.3m), whilst gross profit increased 19.3% to around $1b (US$128.1m).

The company recorded a total throughput of 42.27 million twenty-foot equivalent units (TEU), up 8.4% YoY, whilst its equity throughput increased 8.1% to 12.88 million TEU.

Overseas terminals drove much of the gain, with Q3 throughput up 19.4% to 11.32 millionTEU, compared with a 4.9% rise to 30.94 million TEU at terminals in China.

For the first nine months of 2026, net profit attributable to shareholders rose 19.7% to nearly $2.5b (US$316.3m).

Revenue in the same period also increased 12.6% to nearly $11b (US$1.4b).

Looking ahead, COSCO said it will optimise its global resource layout by seeking controlling stakes in strategic hub ports and taking equity stakes in key gateway ports at appropriate times.

$1 = US$0.13