COSCO SHIPPING Holdings: Q3 profit plunged 55% year-over-year as freight rates and margins declined despite higher shipping volume

Revenue and net profit grew 7.78% and 4.88% year-over-year, respectively, with strong gains in both container shipping and terminal throughput. The company declared a 50% payout interim dividend, repurchased and cancelled shares, and continued investing in fleet expansion and green initiatives amid ongoing market volatility.

Original document: COSCO SHIPPING Holdings Co., Ltd. Class A [601919] Earnings Release — Aug. 28 2025

Revenue and net profit grew 7.78% and 3.90% year-over-year, respectively, with strong container and terminal volume growth. Interim dividend of RMB0.56 per share declared, and significant capital was allocated to green fleet expansion and digital transformation.

Original document: COSCO SHIPPING Holdings Co., Ltd. Class A [601919] Interim report — Aug. 28 2025

China's Cosco Shipping seeks veto power in a consortium acquiring Hong Kong tycoon Li Ka-shing's 43 ports, Bloomberg News reported Tuesday, citing people familiar with the matter.

The state-run shipping company wants authority to block decisions that may undermine China's interests, especially given the inclusion of two key ports near the Panama Canal, according to the report.

Talks with CK Hutchison and co-buyers, including BlackRock and MSC Mediterranean Shipping's Terminal Investment, are ongoing, Bloomberg wrote. Sources said Cosco Shipping is already been promised full informational access.

Details of Cosco's role in the consortium could emerge by September, according to the report.

Last week, China said it will block CK Hutchison's sale of its ports to Western investors if Cosco Shipping does not get a stake., with Beijing reportedly wanting Cosco Shipping to get an equal share of the ports with BlackRock and MSC Mediterranean Shipping.

China is asserting itself in a deal involving CK Hutchison Holdings , saying it will block the conglomerate's sale of its ports to Western investors if state-owned Cosco Shipping does not get a stake, the Wall Street Journal reported Friday, citing people familiar with the deal.

Beijing wants Cosco to get an equal share of the ports with BlackRock and containership operator Mediterranean Shipping, the report said, citing the sources.

Both BlackRock and MSC reached a preliminary deal to purchase the ports for nearly $23 billion in March, the report said.

The three parties are open to Cosco entering the fray, but they won't likely reach a deal before July 27, the end of the exclusivity talks, the report said.

China's involvement in the deal could upset US President Donald Trump, who wants to take control of the Panama Canal, the report said. Hutchison owns two ports near the canal.