COSCO SHIPPING Ports Reports 28% Profit Growth Amid Global Volatility

The company’s financial health remained resilient during the six-month period ending June 30, with revenue rising 12.3% to US$905.3 million. Total throughput across its global network reached 80.16 million TEU, a 7.9% increase compared to the same period last year. This growth was underpinned by a strong performance in overseas terminals, which saw total throughput jump 18% to 21.14 million TEU.

Performance varied significantly across regions as shifting trade patterns and geopolitical tensions took hold. While the CSP Chancay Terminal in Peru saw a 68.2% surge in throughput, the Middle East operations faced substantial pressure; the CSP Abu Dhabi Terminal recorded a 44.3% decline, largely attributed to regional instability. Domestically, the company benefited from China’s pivot toward emerging markets, with throughput in the Pearl River Delta rising 6.5%. Looking ahead, management plans to double down on automated, green port initiatives and expand its presence in third-country markets to mitigate the impact of slowing global economic growth projections.