COSCO Shipping Ports announced on Thursday, October 29, that its terminals handled 42.27 million TEU in the third quarter of 2026, an increase of 8.4 per cent year-on-year.
Quarterly revenue rose 13 per cent to $484.3 million and gross profit increased 19.3 per cent to $128.1 million. Profit attributable to equity holders rose only 0.1 per cent, to $82.6 million.
For the first nine months of the year, attributable profit increased 19.7 per cent to $316.3 million on revenue of $1.39 billion, up 12.6 per cent. Total throughput for the period rose 8.1 per cent to 122.42 million TEU.
Throughput at overseas terminals increased 19.4 per cent to 11.32 million TEU in the third quarter. Chinese terminals grew 4.9 per cent to 30.94 million TEU and accounted for 73.2 per cent of the total.
Piraeus Terminal in Greece handled 1.09 million TEU, an increase of 11.4 per cent that the company attributed to growing Mediterranean demand. The terminal's annual volume had fallen six per cent in 2025.
CSP Chancay Terminal in Peru, which began commercial operations in June 2025, handled 139,669 TEU, up 24.9 per cent.
The company said it was responding to the Middle East situation and shipping-alliance restructuring. It added that it would, "capture the opportunities brought by the recovery of the Suez Canal and strengthen service support and cargo sourcing capabilities at hub ports along the route."
COSCO Shipping Ports reported a 1.1 per cent rise in 2025 attributable profit to $312.1 million.
