COSCO Shipping Ports Defies Trade War Fears


COSCO Shipping Ports’ profits increased by 46.6% in the first nine months of 2018, as volume in its Chinese and overseas terminals increased despite the effects of the US-China trade war.

According to the group’s January-September results, it made USD $244.1 million as total throughput increased by 20.8% to 87,518,295 TEU, up from 73,575,641 in 2017.

For the third quarter alone – July 1 to September 30 – its net profit rose by 11.8%. Within China its most successful region was the Bohai Rim on China’s east coast, which accounted for 33.1% of the group’s total throughput having increased in 14.5%.

How are ports coping with current global events? Find out by reading a Port Technology technical paper

The Yangtze River Delta increased by 3%, accounting for 16.6%, with the Pearl River Delta and Southwest Coast contributing 23.8% and 1.1% respectively.

Throughput in its overseas regions increased by 36.6% and accounted for 20.7% of the overall results.

PTI News – Belt and Road Worth $5 Trillion

In a statement accompanying the results, COSCO Ports said it believes the fourth quarter will be negatively affected by the US-China trade war as Chinese exports begin to decline.


Credit: COSCO Shipping Ports


COSCO Ports said: “COSCO SHIPPING Ports believes that the fourth quarter should provide it with both opportunities and challenges.    

What does the future hold for China and rest of the APAC region? PTI sat down with Navis to find out more

“Against the backdrop of uncertainties casting shadow over the macro environment, COSCO SHIPPING Ports will continue to deploy resources prudently, optimize the cost structure, enhance operational efficiency and enhance risk management.

“The Group remains steadfastly committed to building well-balanced terminal network with extended services to meet the needs of shipping alliances; and will continue to prudently seize development opportunity to strengthen its global network of terminals.”

Read more:

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.