According to a report by Cosco Shipping Ports, the group's total container throughput across its port system reached 113,23 million TEU, an increase of 5.6% compared to the same period last year. Of this, ports controlled by the group achieved 25 million TEU (a 2% increase), accounting for 22,1% of the total throughput; while joint venture or non-controlled ports reached 88 million TEU (a 6,7% increase), making up 77,9%.

A section of a Cosco shipping port. Photo: Cosco Shipping Ports.

A section of a Cosco shipping port. Photo: Cosco Shipping Ports.

Specifically in QIII, container throughput at ports within China increased by 3,1%, accounting for 75,7% of the group's total traffic, while international ports saw a 7,6% increase.

Cosco Shipping Ports stated that despite the global economy being affected by unilateral trade and tariff policies, global trade activity continued to show resilience. According to China Customs, the country's total import and export value in the first nine months reached 33,6 trillion yuan, an increase of 4% year-on-year.

"Leveraging its global port network and a dual-brand strategy with its parent company and the Ocean Alliance, Cosco Shipping Ports proactively seized market opportunities, responding to external fluctuations with stable internal development", a representative for the group said.

The World Trade Organization (WTO) forecasts global merchandise trade growth to reach 2,4% in 2025, higher than the previously forecast 0,9%. However, it could decline to 0,5% in 2026, posing significant challenges for the shipping industry.

By The Dan, Seatrade Maritime News.