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COSCO SHIPPING Ports Limited reported a 12.3% year on year increase in revenue to US$905.34 million from January to June 2026
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The company said it maintained strong efficiency in its operations amid pressures faced by the global shipping market
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Gross profit for the period increased by 9.3% YoY to $239.5 million while profit attributable to equity holders jumped by 28.5% YoY to $233.7 million
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Total throughput grew by 7.9% YoY to 80,157,047 TEU
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Terminals in China accounted for 73.6% of the total throughput, which rose by 4.7% YoY to 59,019,217 TEU
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Throughput in overseas terminals advanced 18% YoY to 21,137,830 TEU, covering 26.4% of total
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CSP remains bullish on port industry growth, citing China’s growing trade with ASEAN and Latin America, and the continued rise in high-value-added products, including electric vehicles, lithium batteries and photovoltaic products
COSCO SHIPPING Ports Limited (CSP) reported a 12.3% year-on-year (YoY) increase in revenue to US$905.34 million from January to June 2026 as the company maintained strong efficiency in its operations.
The ports logistics service provider said in interim results report that it “sustained its overall operational resilience by continued deepening of its lean operation management and constant optimization of its resource allocation and business processes” as the global shipping market faced pressure from route network restructuring and compressed profitability.
CSP’s gross profit for the period increased by 9.3% YoY to $239.5 million while profit attributable to equity holders jumped by 28.5% YoY to $233.7 million.
In terms of operations, total throughput grew by 7.9% YoY to 80,157,047 twenty-foot equivalent units (TEU) while equity throughput also rose by 7.0% YoY to 24,492,008 TEU. For terminals where CSP has a controlling stake, total throughput was up by 2.5% YoY to 16,893,574 TEU, accounting for 21.1% of the group’s total. For non-controlling terminals, total throughput was likewise up by 9.4% YoY to 63,263,473 TEU accounting for 78.9% of the total.
China operations
Terminals in China accounted for 73.6% of the total throughput, which rose by 4.7% YoY to 59,019,217 TEU.
Throughput at the Bohai Rim region increased by 6.4% YoY to 27,483,548 TEU and accounted for 34.3% of the Group’s total throughput.
“Driven by the increasing investment demand in artificial intelligence, exports of high-tech products recorded steady growth, contributing a 4.8% YoY increase in the total throughput of Dalian Container Terminal Co., Ltd. to 2,695,849 TEU,” CSP said. Also recording increases were the Yangtze River Delta region by 3.6% YoY to 8,684,169 TEU and Pearl River Delta by 6.5% YoY to 15,577,680 TEU
On the other hand, total throughput in the Southeast Coast and Others region decreased by 2.8% YoY to 2,704,696 TEU. Nonetheless, CSP said the Xiamen Ocean Gate Container Terminal Co., Ltd. continued to strengthen its terminal hub capability, and through the introduction of new route services in the first half of the year, the total throughput increased by 6.8% YoY to 1,366,387 TEU
The Southwest Coast also saw a 4% YoY throughput decline to 4,569,124 TEU due to market volatility and changes in cargo mix.
Outside China
Throughput in overseas terminals increased by 18.0% YoY to 21,137,830 TEU, covering 26.4% of the group’s total.
Equity throughput in overseas terminals increased by 12.4% YoY to 7,576,639 TEU and accounted for 30.9% of total.
Piraeus Container Terminal Single Member S.A. recorded a 2.9% YoY decrease in total throughput to 1,995,150 TEU, attributed to softening market demand in the Mediterranean region and adverse weather conditions.
CSP Abu Dhabi Terminal L.L.C. also recorded a 44.3% YoY decrease in total throughput to 442,977 TEU (1H2025: 795,758 TEU), affected by geopolitical tensions in the Middle East.
READ: COSCO resumes Gulf cargo services via multimodal routes
COSCO SHIPPING Ports Chancay PERU S.A., meanwhile, has been actively advancing corridor development, deepening synergies with the parent Company’s dual-brand operations, and continuously enhancing its route network layout. In the first half of the year, the terminal achieved a route network of three main lines and five feeder lines, further strengthening its regional connectivity and driving a 68.2% YoY increase in total throughput to 201,773 TEU.
“Since the beginning of 2026, amid continued deep adjustments to the global economic and trade landscape and rising geopolitical uncertainties, COSCO SHIPPING Ports has remained committed to high-quality development as its overarching priority. The Company has consistently strengthened its core hub layout and global network resilience, while fully leveraging synergies with COSCO SHIPPING Group and the Ocean Alliance,” CSP said.
Moving forward, the company noted that the Chinese economy has demonstrated strong resilience amid a weakened global economy, changes in the global trade policy oil price volatility.
“China’s trade with emerging markets such as ASEAN and Latin America has continued to deepen, while the share of high-value-added products, including electric vehicles, lithium batteries and photovoltaic
products, has steadily increased. These developments have provided strong support for the development of the port industry,” CSP said.
“In the face of heightened external uncertainties, the Company will remain customer-centric and continue to optimise its global terminal network resource allocation. It will accelerate investment in emerging markets, regional markets and third-country markets, pursuing controlling stakes in strategic hubs while taking minority stakes in key gateway ports as market conditions permit,” it added.
CSP’s portfolio covers the five main port regions and the middle and lower reaches of the Yangtze River in China, Europe, the Mediterranean, the Middle East, Southeast Asia, South America and Africa.
As of end-June 2026, is operates and manages 394 berths at 40 ports globally, of which 245 were for containers.
