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COSCO Shipping Ports announces 2026 interim results

COSCO Shipping Ports reported higher revenue, profit and container throughput for the first half of 2026.

Total throughput increased by 7.9% year on year to 80,157,047 TEUs, while equity throughput rose by 7% to 24,492,008 TEUs.

Revenue increased by 12.3% to US$905.3 million. Profit attributable to equity holders climbed by 28.5% to US$233.7 million.

Gross profit reached US$239.5 million, representing growth of 9.3% compared with the first half of 2025.

COSCO Shipping Ports declared a first interim dividend of 2.360 US cents per share.

The company attributed its performance to lean operational management and the continued optimisation of resources and business processes.

COSCO Shipping Ports handled 80.16 million TEUs during the six-month period, compared with 74.3 million TEUs one year earlier.

Terminals in which the group holds controlling stakes handled 16.89 million TEUs, an increase of 2.5%. These facilities accounted for 21.1% of total throughput.

Non-controlling terminals handled 63.26 million TEUs, up 9.4%, and represented 78.9% of the group total.

Equity throughput from controlling terminals increased by 2.6% to 9.94 million TEUs.

Non-controlling terminals generated equity throughput of 14.55 million TEUs, representing growth of 10.3%.

The group’s terminals in China handled 59.02 million TEUs, an increase of 4.7%.

China accounted for 73.6% of COSCO Shipping Ports’ total throughput.

Equity throughput from Chinese terminals increased by 4.8% to 16.92 million TEUs.

Dalian Container Terminal increased its throughput by 4.8% to 2.7 million TEUs.

CSP Wuhan Terminal recorded growth of 34.6% to 198,577 TEUs. The terminal continued developing its role as a rail-water intermodal hub and expanded its Yangtze River feeder network.

Xiamen Ocean Gate Container Terminal handled 1.37 million TEUs, up 6.8%, following the introduction of new services.

Guangzhou South China Oceangate Container Terminal increased its throughput by 7.4% to 3.22 million TEUs.

The Southeast Coast and Others region recorded a 2.8% decline, while Southwest Coast throughput decreased by 4% due to market volatility and changes in cargo mix.

COSCO Shipping Ports’ overseas terminals handled 21.14 million TEUs, representing an increase of 18%.

Overseas facilities accounted for 26.4% of the group’s total throughput.

Equity throughput from overseas terminals increased by 12.4% to 7.58 million TEUs.

Piraeus Terminal handled 1.995 million TEUs, down 2.9%. COSCO Shipping Ports linked the decline to softer Mediterranean demand and adverse weather conditions.

CSP Abu Dhabi Terminal recorded a 44.3% decline to 442,977 TEUs due to geopolitical tensions in the Middle East.

CSP Chancay Terminal handled 201,773 TEUs during the first half of 2026.

This represented an increase of 68.2% from 119,945 TEUs in the corresponding period of 2025.

The terminal established a network of three mainline services and five feeder services during the period.

COSCO Shipping Ports said this network strengthened Chancay’s regional connectivity.

COSCO Shipping Ports plans to continue optimising its global terminal network and accelerating investment in emerging and regional markets.

The company will pursue controlling stakes in strategic hubs and minority stakes in key gateway ports when market conditions permit.

It will also develop port-side logistics parks, supply chain services and integrated shipping, port and logistics solutions.

The group plans to strengthen major hubs, including CSP Wuhan Terminal, Piraeus Terminal, CSP Abu Dhabi Terminal and CSP Chancay Terminal.

COSCO Shipping Ports will also continue introducing automation, artificial intelligence and digital technologies across its operations.

The company intends to expand its use of clean energy and participate in the green fuel supply chain as part of its port decarbonisation strategy.

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