---
title: "COSCO SHIP PORT earned 1% more last year, expects the situation in the Middle East to present both risks and opportunities for expanding routes around the Strait of Hormuz"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279596337.md"
description: "COSCO SHIP PORT (1199) reported a 1.1% increase in net profit to USD 312 million last year, with revenue rising 11% to USD 1.67 billion. Chairman Zhu Tao stated that the situation in the Middle East presents both \"risks and opportunities,\" and emphasized the importance of ensuring smooth cargo flow by expanding the port in Oman Bay. The global port industry is expected to grow at a rate between 1.8% and 1.9%, with the Latin America region becoming a new growth point. The throughput of mainland terminals increased by 4.6% to 11 million standard containers, accounting for 75% of the total throughput"
datetime: "2026-03-18T12:15:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279596337.md)
  - [en](https://longbridge.com/en/news/279596337.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279596337.md)
---

# COSCO SHIP PORT earned 1% more last year, expects the situation in the Middle East to present both risks and opportunities for expanding routes around the Strait of Hormuz

Zhongyuan Shipping Port (1199) Chairman Zhu Tao discussed the impact of the Middle East situation and the Red Sea conflict, stating, "There are both crises and opportunities." He mentioned that the Abu Dhabi Holding Port's energy and assets are relatively secure and that measures such as expanding the Oman Bay port channel have been taken to ensure smooth cargo flow, with the overall impact not being particularly significant. He stated that the company will adopt a "steady development to address external uncertainties" and continue to expand its overseas layout, focusing on emerging markets in Southeast Asia, Central and South America, and Africa.

Regarding the market's attention on the Panama port transaction, Zhu Tao declined to comment.

## Global Port Industry Growth Expected at 1.8% to 1.9%

Zhu Tao pointed out that the shipping sector has seen a slowdown in growth due to earlier tariff policies and shipping rhythms, predicting that this year's global port industry growth will be between 1.8% and 1.9%, with regional performance diverging. The Latin American region has become a new growth point, while Southeast Asia and South Asia benefit from industrial transfer, with growth rates reaching around 8%; however, the trans-Pacific routes to the United States are under pressure and are expected to experience negative growth.

## Net Profit Up 1.1%

Zhongyuan Shipping Port announced its annual results, reporting a net profit increase of 1.1% year-on-year to USD 312 million, with a final dividend of 1.328 US cents per share, a decrease of about 28% year-on-year, maintaining a payout ratio of 40%.

The group reported an 11% increase in revenue to USD 1.67 billion, with total throughput rising 6.2% year-on-year to 15.3 million TEUs; equity throughput increased by 3.4% to 46.85 million TEUs; total throughput for holding port companies rose by 1.8% to 33.25 million TEUs; and total throughput for non-holding port companies increased by 7.5% to nearly 12 million TEUs.

The group also indicated that mainland port throughput increased by 4.6% year-on-year to 11 million TEUs, accounting for 75% of total throughput. Facing a complex and severe global geopolitical situation, the company will actively respond to external environmental challenges

### Related Stocks

- [01199.HK](https://longbridge.com/en/quote/01199.HK.md)

## Related News & Research

- [China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict](https://longbridge.com/en/news/279603235.md)
- [ZAWYA: Aqaba Container Terminal welcomes new CEO Jose Rueda](https://longbridge.com/en/news/286674321.md)
- [TMEIC Launches First End-to-End Digital Gate Platform Designed to Transform Terminal Operations](https://longbridge.com/en/news/286875544.md)
- [Eimskip strike at Sundahöfn port is withdrawn after labor deal](https://longbridge.com/en/news/287268721.md)
- [11:34 ETCompost Turning Machine Market to Reach USD 185 Million by 2036 as Mechanized Organic Waste Processing Gains Momentum Worldwide](https://longbridge.com/en/news/286794505.md)