COSCO SHIPPING Ports reports 13% Q3 revenue growth, eyes controlling stakes in strategic hubs

COSCO SHIPPING Ports reported a 13% year-on-year increase in third-quarter revenue to US$484.3m, supported by higher container volumes across its terminal network. Gross profit increased 19.3% year-on-year to US$128.1m although profit attributable to equity holders was virtually unchanged at US$82.6m. Total throughput rose 8.4% year-on-year to 42.27m TEU in the three months ended September 30, while equity throughput increased 8.1% to 12.88m TEU. For the first nine months of 2026, revenue increased 12.6% year-on-year to US$1.39 billion, while gross profit also rose 12.6% to US$367.6m. Profit attributable to equity holders climbed 19.7% to US$316.3m. Group throughput reached 122.42m TEU in the nine-month period, an 8.1% year-on-year increase, while equity throughput grew 7.4% to 37.38m TEU.

Overseas terminals provided the strongest growth in the third quarter. Throughput across the portfolio rose 19.4% year-on-year to 11.32m TEU, compared with 4.9% growth at Chinese terminals, which handled 30.94m TEU. Overseas operations accounted for 26.8% of total group throughput and 31.4% of equity throughput.

In Europe, Piraeus Container Terminal handled 1.09m TEU, up 11.4% year-on-year, as volumes benefited from stronger demand in the Mediterranean. At Chancay in Peru, throughput increased 24.9% year-on-year to 139,669 TEU. COSCO SHIPPING Ports said the terminal had completed a network of three mainline and five feeder services, strengthening its regional connections.

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