Cosco Shipping Ports has reported a 7.5% year-on-year increase in total container throughput for the first quarter of 2025, reaching 35.75 million TEUs. Revenue for the quarter rose by 14.7% to US$381.5 million, while profit attributable to equity holders increased by 33.5% to US$83.9 million.
The company noted improvements in gross profit, which rose 20.2% year-on-year to US$105.2 million, with gross profit margin up 1.3 percentage points to 27.6%. Profits from joint ventures and associated companies increased by 10% to US$79.4 million.
In mainland China, terminals handled 27.17 million TEUs, a 7.7% increase and accounting for 76% of the group's total throughput. Growth was driven by regions such as the Bohai Rim (up 6.7%), the Yangtze River Delta (up 6.9%), and the Pearl River Delta (up 10.2%). The group's equity throughput in China rose by 3.8% to 7.79 million TEUs.
Yantian International Container Terminal saw a notable 22.3% increase in throughput, attributed to front-loaded exports ahead of U.S. tariff changes. Other domestic terminals, such as Shanghai and Dalian, also posted moderate growth. In the Yangtze River Delta, CSP's Wuhan terminal recorded a 63.3% year-on-year increase, attributed to improved intermodal connectivity.
Overseas operations also expanded, with total international terminal throughput rising 6.7% to 8.58 million TEUs. The Piraeus terminal in Greece grew by 9.4% despite continued disruptions from the Red Sea crisis. CSP terminals in Spain and Belgium benefited from realignments in shipping alliances, growing by 13.4% and 44% respectively.
The company noted persistent global economic uncertainty, trade protectionism, and geopolitical risks, but said Chinese trade remained resilient. In response to external challenges, Cosco Shipping Ports outlined three ongoing priorities: expanding its global network, improving operational efficiency through digital tools, and advancing green and low-carbon port development.
Cosco Shipping Ports emphasized its focus on maintaining stable growth by enhancing service capabilities at hub ports, managing costs, and driving digital transformation in port operations. The company plans to continue targeting emerging and regional markets to strengthen its position in the global logistics chain.
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For more information:
Ricky NG
Cosco Shipping Ports
Tel: +852 2809 8188
Email: [email protected]
www.ports.coscoshipping.com