COSCO Ports Revenue Climbs 11% to US$1.67 Billion in 2025, Even as Parent Shipping Arm Profits Slide 38%

China’s logistics and port sector offered a tale of two trajectories in 2025. COSCO SHIPPING Ports Limited, the world’s leading port logistics service provider, delivered stronger-than-expected port revenue — while its parent entity COSCO SHIPPING Holdings saw shipping profits erode sharply.

For the full year ended December 31, 2025, COSCO SHIPPING Ports reported revenue of US$1,669,017,000 (approximately US$1.67 billion), an increase of 11.0% year-on-year. Total throughput across the Group’s network grew 6.2% year-on-year to 152,994,965 TEU (2024: 144,032,722 TEU). The Group operates and manages 387 berths at 40 ports globally, of which 238 are container berths, with an annual handling capacity of approximately 133 million TEU.

Profit attributable to equity holders reached US$312,141,000 — a 1.1% year-on-year increase. Gross profit was US$415.5 million, though cost of sales rose 15.4%. Overseas terminals were a bright spot, with throughput climbing 11.5% year-on-year to 38,158,491 TEU in 2025. CSP Zeebrugge Terminal in Belgium recorded a 33.1% year-on-year surge in total throughput to 894,227 TEU (2024: 671,989 TEU).

The parent company COSCO SHIPPING Holdings told a different story. The average China Containerized Freight Index (CCFI) for the first three quarters of 2025 averaged 1,236 points — down 22% year-on-year — and the third quarter alone saw a nearly 40% year-on-year collapse. The shipping arm reported net profit of approximately CNY30.87 billion ($4.324 billion) for 2025, representing a 38% plummet in net profits compared to 2024.