
Like the main competitors in the transport market
containerized shipping, in the second quarter of 2026 also the
China's COSCO Shipping Holdings has seen a recovery in
financial and operational performance, with a fleet that in the period
increased by +8.3% the volumes of cargo transported, which were
Results of 7.36 million TEUs compared to 6.80 million TEUs
in the same period last year. The growth in quantity
of the goods embarked on the group's ships were towed
by the sharp increase of +22.0% in traffic handled on the routes
which amounted to 1.39 million TEUs.
The increase in traffic on the Asia-Europe routes was also significant, which was
1.13 million TEUs (+10.8%). On domestic routes
1.63 million TEUs (+5.8%), on those
2.40 million TEUs (+4.6%) and on other routes
818 thousand TEUs (+1.3%).
In the period April-June of that year, the group's revenues were
states amounting to 61.12 billion yuan ($8.9 billion), with
an increase of +17.6% over the second quarter of 2025. A lot
the increase in operating costs that have
totaled 46.55 billion yuan (+8.1%). Operating profit was
amounted to €6.92 billion (+79.1%) and net profit to €8.78 billion
yuan (+26.1%).
In the first half of 2026, revenues stood at
111.92 billion yuan ($16.6 billion), up by
+2.6% on the first half of last year. Revenues alone
determined by maritime transport activities
containerized, which are operated by the company wholly
COSCO Shipping Lines subsidiary and the OOIL/OOCL subsidiary, are
states amounted to $14.12 billion (+4.9%), of which $13.14 billion
billions of dollars generated by international maritime services
(+4.6%) and €6.78 billion from national maritime services (+5.2%) to
in addition to 4.67 billion dollars of revenues produced by the
OOCL ships (+5.5%). The only revenues generated by COSCO Shipping Lines
amounted to $9.63 billion (+4.6%), of which $8.64 billion
billion from international services (+4.1%) and 6.85 billion from
national ones (+4.9%).
The increase in half-yearly costs of services is more marked
amounted to 91.99 billion yuan (+6.1%). Operating profit was
14.97 billion yuan (-24.1%), with a contribution of 13.44 billion yuan
billion (-28.2%) from the maritime transport segment
containerized and 1.46 billion yuan (+49.2%) from the
of the group's port terminals that are operated by the subsidiary
COSCO Shipping Ports
(
of 28
August 2026). Net profit was 15.66 billion
yuan (-22.4%), with a contribution of 12.07 billion from services
maritime (-28.7%) and 1.89 billion from port terminals
(+18,6%).
It is necessary to highlight that the decrease in profits
half-yearly results occurred in the first three months of 2026, while
in the following quarter, the recovery of the transport market
has enabled the Chinese group to
record increases of +63.7% and +26.9% respectively in the
contribution from its activities in this market to the values
operating profit and net profit of the group.
Announcing its half-year results today, the Chinese group
announced the issue of orders for the construction of new ships.
COSCO commissioned the Waigaoqiao shipyards to ship and China
Shipbuilding Trading the construction of 12 dual-fuel container ships in
LNG of 22,000 TEUs with a total expected investment of 2.69
billion, equal to $224 million for each
ship. In addition, the group has ordered the Huangpu Wenchong shipyard and
China Shipbuilding Trading the construction of six container carriers from
3,200 TEUs for a total expected investment of 2.04
billion yuan (US$303 million), amounting to an amount of
339.8 million yuan ($50.5 million) for each ship.
Delivery of the 22,000 TEU units is scheduled between
2028 and 2030 and those of 3,200 TEU between 2028 and 2029.
At the end of last month, the Chinese group had a
owned containerized fleet consisting of 606 ships, for
a hold capacity of 3.66 million TEUs. Including
orders for new buildings and orders for chartered vessels in
construction, the capacity controllable by the group will go up
to over 5.30 million TEUs.