COSCO SHIPPING Ports reports revenue growth in third-quarter results
COSCO SHIPPING Ports reported higher revenue and container throughput for the third quarter of 2026, although profit attributable to shareholders remained broadly unchanged from the corresponding period last year.
Revenue increased by 13% year on year to US$484.3 million, while gross profit rose by 19.3% to US$128.1 million. Profit attributable to equity holders reached US$82.6 million, representing an increase of just 0.1% compared with the third quarter of 2025.
The company’s global terminal portfolio handled 42.27 million TEU during the quarter, an increase of 8.4% year on year. Equity throughput, which reflects the company’s ownership interests in its terminal investments, increased by 8.1% to 12.88 million TEU.
For the first nine months of 2026, COSCO SHIPPING Ports reported revenue of US$1.39 billion, up 12.6%, while attributable profit increased by 19.7% to US$316.3 million. Total container throughput during the period reached 122.42 million TEU, representing year-on-year growth of 8.1%.
Overseas terminals lead operational growth
The company’s overseas terminals recorded particularly strong growth during the third quarter, handling 11.32 million TEU, up 19.4% from the previous year. This compared with a 4.9% increase across its terminals in China, where throughput reached 30.94 million TEU.
In Greece, Piraeus Container Terminal handled 1.09 million TEU during the quarter, an increase of 11.4% year on year. However, its throughput for the first nine months increased by a more modest 1.7%, reaching 3.09 million TEU.
Elsewhere, COSCO SHIPPING Ports Chancay Terminal in Peru recorded quarterly throughput of 139,669 TEU, up 24.9%. Suez Canal Container Terminal in Egypt handled 1.66 million TEU, representing growth of 8.4%, while Antwerp Gateway reported a 16.3% increase to 684,232 TEU.
Performance was uneven across the wider terminal network. CSP Abu Dhabi Terminal reported a 76.4% decline in quarterly throughput to 97,734 TEU, while CSP Zeebrugge Terminal recorded a 4.8% decrease to 225,259 TEU.
Within China, the Bohai Rim region handled 14.12 million TEU, an increase of 4.3%. Throughput in the Pearl River Delta rose by 7.6% to 8.30 million TEU, while the Yangtze River Delta recorded a marginal decline of 0.3%.
Looking ahead, COSCO SHIPPING Ports said it would continue optimising its international terminal network, strengthening connections between mainline and feeder services and developing operations at strategic port locations.
The company also identified potential opportunities associated with a recovery in Suez Canal traffic, alongside plans to expand automation, artificial intelligence applications and cleaner energy use across its terminal operations.
