Pacific Basin Shipping Upgraded to Zacks Rank #2 Buy on Rising Estimates
Pacific Basin Shipping Ltd. has been upgraded to a Zacks Rank #2 (Buy), a rating driven entirely by an improving earnings outlook. The upgrade reflects steadily rising analyst estimates: over the past three months, the Zacks Consensus Estimate for the company has increased 53.3%. For the fiscal year ending December 2026, Pacific Basin Shipping is expected to earn $0.92 per share, unchanged from the year-ago reported number. The Zacks Rank #2 places the stock in the top 20% of the more than 4,000 Zacks-covered stocks in terms of estimate revisions, a position the rating system says implies the shares could move higher in the near term.
ZIM Shares Gain 11.8% Since Q2 Earnings Beat and 2026 Guidance
ZIM Integrated Shipping Services shares have risen about 11.8% since its last earnings report, outperforming the S&P 500. The company reported second-quarter 2026 adjusted earnings of 64 cents per share, beating the Zacks Consensus Estimate of a loss of 10 cents, while revenues of $1.78 billion rose 8.9% year over year and topped the consensus mark of $1.63 billion by 9.5%. ZIM carried 922 thousand twenty-foot equivalent units, up 3.0% year over year, as the average freight rate per TEU increased 7.5% to $1,590, with Pacific trade volume up 20.3% to 426 thousand TEUs. For 2026, ZIM expects adjusted EBITDA of $2.0-$2.4 billion and adjusted EBIT of $700 million-$1.1 billion, and management expects significantly stronger performance in the second half of the year. The company currently operates 115 containerships with aggregate capacity of 707 thousand TEUs, along with 13 car carriers, and has charter agreements covering 40 vessels and roughly 286 thousand TEUs of capacity, the vast majority of which is newbuild capacity.
Toro Corp said on Friday it acquired two MR tanker vessels from unaffiliated third parties for a combined $83.4M. The company paid $45.9M for the 2018-built M/T Wonder Alasia and $37.5M for a 2014-built scrubber-fitted vessel, which is expected to be renamed M/T Wonder Atria. Both acquisitions were funded with cash on hand.
Hapag-Lloyd CEO Flags Resilient Demand Amid Middle East Disruption
Hapag-Lloyd Chief Executive Rolf Habben Jansen said container shipping demand has held up more resiliently than expected, even as Middle East conflict, rising costs and uncertainty over a Red Sea return cloud the industry outlook. Hapag-Lloyd has suspended transits through the Strait of Hormuz, and disruption-related costs were running at about $50 million to $60 million per week during the period covered by its June customer call, with bunker fuel, insurance, container handling and inland transportation expenses all higher. Habben Jansen said tariffs in the 15% to 20% range are "not great" and hurt global commerce but "that doesn't stop global trade," and he noted the pace of freight-rate declines had moderated. Gemini partners Hapag-Lloyd and Maersk have switched four more services to a Suez Canal routing from diverted voyages around Africa, covering a pair of Asia-Mediterranean services plus single Asia-North Europe and Indian subcontinent-Europe rotations, leaving three of four Asia-Med services and one of four Asia-North Europe services normalized. Separately, Hapag-Lloyd is revising its proposed $4.2 billion acquisition of Zim to address Israeli security concerns while aiming to close by year-end, a combination Habben Jansen said would yield annual synergies of $300 million to $500 million and create an operation with more than 400 vessels, over 3 million TEUs of capacity and annual volumes exceeding 18 million TEUs, though it would not lift Hapag-Lloyd past China's Cosco as the world's fourth-largest container line.
Genco Declares $0.80 Q2 Dividend, Projects Above $1 for Q3
Genco Shipping & Trading Limited declared a $0.80 per share dividend for the second quarter of 2026, up 433% from a year earlier and the richest payout yet under its value strategy, marking its 28th straight quarterly dividend and taking cumulative payouts to $8.715 per share. Management is projecting a third-quarter 2026 dividend above $1 per share based on fixtures booked so far and the current freight futures curve. The company swung from a net loss of $6.8 million in the second quarter of 2025 to net income of $16.6 million in the second quarter of 2026, with adjusted net income of $29.2 million and adjusted EBITDA of $56.7 million, up 297% year over year, as its daily time charter equivalent rate rose to $24,273 from $13,631. With 66% of owned fleet days already fixed, Genco's estimated third-quarter time charter equivalent sits at $28,587 per day, 18% above the second quarter and the highest since the second quarter of 2022. Long-term debt jumped to $319.5 million as of June 30 from $189.1 million at the end of 2025 to help fund vessel purchases, including the 2019-built Capesize Genco Volunteer, expected for August delivery, which still carries $58.5 million in remaining capital expenditures.
Costamare Bulkers Posts $9.8 Million Adjusted Profit as Cash Tops Debt by $108.9 Million
Costamare Bulkers Holdings Limited reported second-quarter adjusted net income of $9.8 million, or $0.40 per share, with net income of $5.2 million, or $0.21 per share, for the period ended June 30. The dry bulk owner, which spun off from Costamare Inc. on May 6, 2025, said cash now exceeds debt by $108.9 million and that it entered the third quarter with $331.5 million in total liquidity, a cushion management said allows countercyclical growth if vessel values fall. Fleet utilization reached 99.1% in the second quarter and 98.3% in the first half, while the company took delivery of the 2018-built Astros and booked a combined $7.7 million gain on the sale of the older Clara and Miracle during the first half. The 2009-built Bermondi is under agreement to be sold, expected to close in the third quarter of 2026, and all six owned Capesize vessels remain on period charters, with 12 period agreements index-linked and convertible to fixed rates. Chief Executive Gregory Zikos said the quarter's Capesize market was unusually volatile, with rates peaking in late May before correcting by nearly $20,000 a day through the end of June, and added that the company's legacy Cargill-related trading positions are expected to clear entirely by the end of 2026.
DFDS Appoints Sandeep Shahi as Chief Digital & Information Officer
DFDS has appointed Sandeep Shahi as Chief Digital & Information Officer and member of its Executive Management Team, effective 16 November 2026. Shahi joins from FedEx, where he serves as Chief Information Officer for Asia Pacific, the Middle East, India and South Africa while also leading Global Field IT worldwide, and previously held senior technology leadership roles at DHL Group and SAP. He succeeds Rune Keldsen, who is leaving DFDS at the end of September 2026 after six years to become Chief Information Officer at Ørsted. CEO Michael Hansen said Shahi knows the industry well and his experience will support the company's focus on customer service and continuous improvement of operational performance. DFDS operates a transport network in and around Europe with an annual revenue of DKK 32bn and 15,000 full-time employees.
DFDS Appoints Sandeep Shahi as Chief Digital & Information Officer
DFDS has appointed Sandeep Shahi as Chief Digital & Information Officer and member of its Executive Management Team, effective 16 November 2026. Shahi joins from FedEx, where he serves as Chief Information Officer for Asia Pacific, the Middle East, India and South Africa while also leading Global Field IT worldwide, and previously held senior technology leadership roles at DHL Group and SAP. He succeeds Rune Keldsen, who is leaving DFDS at the end of September 2026 after six years to become Chief Information Officer at Ørsted. CEO Michael Hansen said Shahi knows the industry well and his experience will support the company's focus on customer service and continuous improvement of operational performance. DFDS operates a transport network in and around Europe with an annual revenue of DKK 32bn and 15,000 full-time employees.
Zim Integrated Shipping shares rose as much as 5.5% in premarket trading on Tuesday after Hapag-Lloyd and FIMI said they planned to revise their proposed acquisition following discussions with Israeli officials. Hapag-Lloyd said on Monday that it was working with the Israeli government on changes to its proposed $4.2 billion cash acquisition of Zim Integrated Shipping Services. The proposed acquisition has faced opposition from several parties in Israel, including Zim employees, Defence Minister Israel Katz and other government officials, who argue that transferring the Israeli shipping company's operations to a foreign owner would raise national security concerns. The planned changes follow discussions with Israeli officials as the parties seek to address issues surrounding the proposed transaction, but no revised financial terms or other modifications were disclosed.
ZIM shares jump as Hapag-Lloyd, FIMI plan revised proposal
ZIM Integrated Shipping shares jumped more than 6% in Tuesday's premarket trading after Hapag-Lloyd and FIMI said they are working on a revised proposal for the acquisition of ZIM following discussions with Israeli authorities. Hapag-Lloyd said it held several meetings with Israeli officials to revise structural elements of the proposed deal, and the updated proposal is expected to be submitted to Israel's cabinet later this month. The revised proposal aims to address concerns about Israel's maritime security and independence, including continued access to key shipping routes and protections for sensitive cargo. Under the original agreement signed in February, Hapag-Lloyd agreed to acquire ZIM for $35 per share in cash, representing an equity value of about $4.2 billion. Hapag-Lloyd said the deal would establish ZIM as a fully Israeli-controlled container shipping company owned by Israeli private equity fund FIMI, with a separate FIMI-backed business retaining the ZIM brand and operating 16 vessels on strategically important routes to Israel.
PSL Charters Out Vessel Ratima Naree for 12-14 Months at $22,800 Per Day
Precious Shipping Public Company Limited (PSL) has signed a long-term charter agreement for the vessel "Ratima Naree," an ultramax vessel, chartering it to Trafigura Maritime Logistics Pte Ltd of Singapore for a period of 12 to 14 months, commencing on September 7, 2026. The gross charter rate is variable at 107.5% of the average charter rate over the preceding 15 days of the Baltic Exchange Supramax Index (BSI-63K), which currently stands at approximately $22,800 per day. This contract is expected to provide revenue stability for the company throughout the charter period.
PSL sells Kanjana Naree vessel for 486 million baht, reducing fleet average age
Precious Shipping Public Company Limited (PSL) has informed the Stock Exchange of Thailand that its subsidiary has signed an agreement to sell the Kanjana Naree, a Supramax dry bulk carrier, for US$14.59 million, or approximately 486.18 million baht. The vessel is scheduled for delivery between September 11 and October 15, 2026. This sale aligns with the company's policy to reduce the average age of its fleet by disposing of older vessels and replacing them with newer, larger ones. After the sale and the delivery of two previously ordered new vessels, the company will have a total fleet of 43 vessels, with a combined deadweight tonnage of approximately 2.08 million. The buyer is a foreign company unrelated to PSL, and has already paid a 20% deposit, with the remaining balance to be paid before vessel delivery.
Precious Shipping Takes Delivery of New Vessel 'Ratima Naree', Fleet Grows to 42
Precious Shipping Public Company Limited (PSL) announced the delivery of the second of four dry bulk carriers of 63,500 deadweight tons ordered from Taizhou Sanfu Ship Engineering Co., Ltd. The new vessel, named "Ratima Naree," was delivered on September 3, 2026, and has been registered in Singapore. This brings the company's total fleet to 42 vessels.
PSL Takes Delivery of Second New Vessel, Fleet Grows to 42
Precious Shipping Public Company Limited (PSL) announced that its wholly-owned subsidiary in Singapore has taken delivery of the second dry bulk carrier from its newbuilding program of four vessels, bringing the total fleet to 42 vessels. The latest vessel, named "Ratima Naree" (hull number SF240102), is registered in Singapore. This delivery is in accordance with the contract signed with Taizhou Sanfu Ship Engineering Co., Ltd. on May 29, 2024, for the construction of four vessels of 63,500 deadweight tons each. The company did not disclose the delivery schedule for the remaining two vessels.
Liaoning Port's 2026 interim net profit was 885 million yuan, down 7.41% year-on-year
Liaoning Port released its 2026 interim report. Total operating revenue was 5.35 billion yuan, down 6.03% year-on-year. Net profit attributable to the parent company was 885 million yuan, down 7.41% year-on-year. Net cash inflow from operating activities was 3.034 billion yuan, up 6.80% year-on-year, marking a second consecutive year of growth. The company's asset-liability ratio was 23.15%, gross margin was 30.40%, return on equity was 2.18%, and diluted earnings per share was 0.04 yuan. The number of shareholders was 204,900, and the top ten shareholders held 80.44% of total share capital.
Liaoning Port Co. first-half net profit 885 million yuan, down 7.41% year on year
Liaoning Port Co. disclosed its half-year report on August 30. In the first half of 2026, it achieved operating revenue of 5.35 billion yuan, down 6.03% year on year. Net profit attributable to shareholders of the listed company was 885 million yuan, down 7.41% year on year. Basic earnings per share were 0.04 yuan. The company said container business volume rose steadily, bulk and general cargo business volume such as steel and ore increased, recovery of long-outstanding receivables led to a reversal of credit impairment, and cost reduction and efficiency improvement continued to gain momentum. However, declines in oil and chemical products, bulk grain, and passenger roll-on roll-off business volumes caused profit to fall year on year.
Liaoning Port Co. first-half net profit attributable to parent falls 7.4% to 885 million yuan
Liaoning Port Co. released its 2026 interim report, showing first-half net profit attributable to the parent of 885 million yuan, down 7.4% year on year. Operating revenue was 5.35 billion yuan, down 6.03% year on year. Net profit attributable to the parent after deducting non-recurring items was 783 million yuan, down 17.3% year on year. Net operating cash flow was 3.034 billion yuan, up 6.8% year on year. Earnings per share were 0.0375 yuan. In the second quarter, operating revenue was 2.74 billion yuan, down 13.3% year on year. Net profit attributable to the parent was 526 million yuan, down 30.0% year on year. Net profit attributable to the parent after deducting non-recurring items was 457 million yuan, down 39.1% year on year. As of the end of the second quarter, total assets were 57.387 billion yuan, down 0.3% from the end of the previous year. Net assets attributable to the parent were 40.513 billion yuan, up 0.4% from the end of the previous year. The company said that due to the complex international trade situation and geopolitical conflicts, its main businesses experienced fluctuations. The oil products business saw a sharp decline in crude oil imports because passage through the Strait of Hormuz was blocked. The container business faced pressure from rising international fuel prices. The automobile business was affected by weak domestic market demand. The bulk cargo and bulk grain businesses also faced different challenges. Overall performance declined compared with the same period last year.
Liaoning Port Co. first-half net profit falls 7.41% to 885 million yuan
Liaoning Port Co. released its 2026 semi-annual report, posting operating revenue of 5.35 billion yuan, down 6.03% year on year, and net profit attributable to shareholders of the listed company of 885 million yuan, down 7.41% year on year. The decline was mainly due to lower volumes in oil and chemical products, bulk grain, and ro-ro passenger business. Second-quarter net profit was 526 million yuan, compared with 359 million yuan in the first quarter, implying a quarter-on-quarter increase of 46%.
China Merchants Port's 2026 interim net profit reaches 2.781 billion yuan, up 5.88% year-on-year
China Merchants Port released its 2026 interim report, with total operating revenue of 8.948 billion yuan, up 5.67% year-on-year, and net profit attributable to the parent of 2.781 billion yuan, up 5.88% year-on-year. Net cash inflow from operating activities was 3.348 billion yuan, up 11.28% year-on-year. The company's asset-liability ratio was 35.85%, gross margin was 46.89%, ROE was 4.26%, and diluted earnings per share was 1.12 yuan. The number of shareholders was 27,200, and the top ten shareholders held 91.30% of total share capital.
COSCO Shipping Holdings' 2026 interim net profit was 13.419 billion yuan, down 23.48% year-on-year
COSCO Shipping Holdings released its 2026 interim report. Total operating revenue was 111.922 billion yuan, up 2.59% year-on-year, while net profit attributable to the parent company was 13.419 billion yuan, down 23.48% year-on-year. Net cash inflow from operating activities was 23.33 billion yuan, down 9.49% year-on-year. The company's asset-liability ratio was 41.01%, gross margin was 18.34%, return on equity was 5.74%, and diluted earnings per share was 0.88 yuan, down 21.43% year-on-year. Total asset turnover was 0.23 times, up 5.61% year-on-year, and inventory turnover was 12.38 times, down 7.49% year-on-year. The number of shareholders was 430,600, and the top ten shareholders held 71.42% of the total share capital.
COSCO Shipping Development first-half 2026 net profit 1 billion yuan, up 3.09% year on year
COSCO Shipping Development released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 13.619 billion yuan, up 11.10% year on year, and net profit attributable to the parent of 1 billion yuan, up 3.09% year on year. Net cash inflow from operating activities was 1.892 billion yuan, up 47.14% year on year. The company's latest asset-liability ratio was 77.19%, gross margin was 15.44%, and ROE was 3.19%. The number of shareholders was 264,800, and the top ten shareholders held 73.81% of total share capital.
COSCO Shipping Energy Transportation's 2026 interim net profit was 4.545 billion yuan, up 143.21% year on year
COSCO Shipping Energy Transportation released its 2026 interim report. Total operating revenue was 15.146 billion yuan, up 30.03% year on year. Net profit attributable to the parent company was 4.545 billion yuan, up 143.21% year on year. Net cash inflow from operating activities was 6.962 billion yuan, up 128.54% year on year. The company's asset-liability ratio was 49.05%, down 3.80 percentage points from the same period last year. Gross margin was 41.39%, up 18.22 percentage points year on year. Return on equity was 9.45%, up 4.35 percentage points year on year. Diluted earnings per share was 0.83 yuan, up 112.28% year on year. Total asset turnover was 0.16 times, and inventory turnover was 7.93 times, achieving five consecutive years of growth. The number of shareholders was 92,400, and the top ten shareholders held 77.87% of the total share capital.
Qinhuangdao Port's 2026 interim net profit reaches 1.016 billion yuan, up 2.85% year-on-year
Qinhuangdao Port released its 2026 interim report, with total operating revenue of 3.638 billion yuan, up 5.42% year-on-year; net profit attributable to the parent company was 1.016 billion yuan, up 2.85% year-on-year. Net cash inflow from operating activities was 1.357 billion yuan, up 33.87% year-on-year. The asset-liability ratio was 22.66%, down 3.97 percentage points year-on-year; gross margin was 43.28%, up 1.57 percentage points year-on-year, rising for four consecutive years; ROE was 4.88%. Diluted earnings per share were 0.18 yuan, total asset turnover was 0.13 times, and inventory turnover was 15.13 times. The number of shareholders was 47,300, and the top ten shareholders held 87.43% of the total share capital.
Qingdao Port's 2026 interim net profit was 2.762 billion yuan, down 2.80% year-on-year
Qingdao Port released its 2026 interim report. Total operating revenue was 10.456 billion yuan, up 10.84% year-on-year. Net profit attributable to the parent company was 2.762 billion yuan, down 2.80% year-on-year. Net cash inflow from operating activities was 3.295 billion yuan, up 19.42% year-on-year. The company's asset-liability ratio was 26.92%, gross margin was 41.28%, return on equity was 5.85%, and diluted earnings per share was 0.43 yuan. The number of shareholders was 30,100, and the top ten shareholders held 93.11% of the shares.
MOL Invests One-Third of Capital Expenditure in Real Estate, Making Daibiru a Wholly Owned Subsidiary
Major shipping company Mitsui O.S.K. Lines (MOL) invested 197 billion yen in its real estate business out of its 543.2 billion yen capital expenditure for the fiscal year ending March 2026, accounting for more than one-third of the total. The company holds Daibiru, an office building company headquartered in Kita-ku, Osaka, as a wholly owned subsidiary with 100% voting rights, and also owns office buildings in Sydney, Australia, and London, UK. Real estate sales were 48.9 billion yen, less than 3% of consolidated sales of 1.825 trillion yen, but its recurring profit margin was over 13%, significantly higher than the dry bulk business, which had sales of 455.7 billion yen and recurring profit of 10.8 billion yen, a margin of about 2.4%. From fiscal 2023 to fiscal 2025, the company invested 2 trillion yen over three years, of which 1.6 trillion yen was allocated to stable income businesses. The stock price has risen about 20% in the past month, closing at 7,096 yen on August 28, with a PBR of 0.82 times, below 1 time.
COSCO Shipping Energy Transportation's net profit for the first half of 2026 rises 143.21% year on year
COSCO Shipping Energy Transportation released its semi-annual report for 2026, achieving operating revenue of 15.146 billion yuan, up 30.03% year on year; net profit attributable to shareholders of the listed company was 4.545 billion yuan, up 143.21% year on year. The company plans to distribute a cash dividend of 2.8 yuan per 10 shares, tax included, to all shareholders. Second-quarter net profit was 2.372 billion yuan, higher than the previously forecast 2.327 billion yuan, up 9% quarter on quarter.
Qingdao Port H1 Net Profit Falls 2.8% Year-on-Year; Proposes Dividend of 1.399 Yuan per 10 Shares
Qingdao Port disclosed its semi-annual report on August 28. In the first half of 2026, it achieved operating revenue of 10.456 billion yuan, up 10.84% year-on-year. Net profit attributable to shareholders of the listed company was 2.762 billion yuan, down 2.8% year-on-year. Basic earnings per share were 0.43 yuan. The company plans to distribute a cash dividend of 1.399 yuan per 10 shares, tax included. During the reporting period, revenue from container handling and supporting services increased due to higher business volume and optimized commercial policies, while revenue from logistics and port value-added services rose as growth in container business drove an increase in logistics business.
Qinhuangdao Port H1 net profit attributable to parent at 1.016 billion yuan, up 2.9% year on year
Qinhuangdao Port released its 2026 interim report, with first-half net profit attributable to the parent at 1.016 billion yuan, up 2.9% year on year. Operating revenue was 3.638 billion yuan, up 5.4% year on year. Net profit attributable to the parent excluding non-recurring items was 1.016 billion yuan, up 3.5% year on year. Net operating cash flow was 1.357 billion yuan, up 33.9% year on year. Earnings per share were 0.18 yuan. In the second quarter, operating revenue was 1.96 billion yuan, up 6.7% year on year, and net profit attributable to the parent was 588 million yuan, up 3.7% year on year. As of the end of the second quarter, total assets were 28.21 billion yuan, up 1.5% from the end of the previous year, and net assets attributable to the parent were 20.803 billion yuan, up 1.8% from the end of the previous year. During the reporting period, the company achieved total cargo throughput of 224 million tonnes, up 7.69% from 208 million tonnes in the same period of 2025. Coal throughput reached 114 million tonnes, up 7.52% year on year. Metal ore throughput was 82.34 million tonnes, up 7.73% year on year. Oil and liquid chemical throughput was 1.16 million tonnes, up 33.33% year on year.
COSCO Shipping Development H1 Revenue Up 11.10%, Proposes Dividend of RMB0.22 per 10 Shares
COSCO Shipping Development released its 2026 interim report. In the first half, it achieved operating revenue of RMB13.619 billion, up 11.10% year on year, and net profit attributable to the parent of RMB1 billion, up 3.09% year on year. It also plans to distribute a cash dividend of RMB0.22 per 10 shares, tax included, to all shareholders. Among its businesses, container manufacturing revenue was RMB11.217 billion, up 2.32% year on year, with sales volume reaching 958,600 TEU, up 13.35% year on year, and special container sales volume surging 117.31% year on year. Shipping leasing business revenue was RMB962 million, with a managed fleet of more than 240 vessels. Container leasing business revenue was RMB2.741 billion, up 5.17% year on year. The company has paid cash dividends for eight consecutive years and has been advancing share buybacks. It has cumulatively repurchased and cancelled 41.5561 million A shares and 24.043 million H shares, totalling 65.5991 million shares, with a buyback amount of approximately RMB137 million.
COSCO Shipping Energy Transportation H1 net profit up 143.21% year on year, plans cash dividend of 2.8 yuan per 10 shares
COSCO Shipping Energy Transportation disclosed its 2026 half-year results on August 28. During the reporting period, the company achieved operating revenue of 15.146 billion yuan, up 30.03% year on year. Net profit attributable to shareholders of the listed company was 4.545 billion yuan, a year-on-year increase of 143.21%. The company also announced a dividend plan, proposing a cash dividend of 2.8 yuan per 10 shares, tax included, to all shareholders.
Qingdao Port's first-half net profit attributable to parent falls 2.8% year on year to 2.76 billion yuan
Qingdao Port released its 2026 interim report, showing first-half net profit attributable to the parent of 2.76 billion yuan, down 2.8% year on year. Operating revenue was 10.46 billion yuan, up 10.8% year on year. Net profit attributable to the parent excluding non-recurring items was 2.75 billion yuan, up 2.1% year on year. Net operating cash flow was 3.295 billion yuan, up 19.4% year on year. In the second quarter, operating revenue was 5.3 billion yuan, up 14.6% year on year, while net profit attributable to the parent was 1.39 billion yuan, down 3.6% year on year. As of the end of the second quarter, total assets stood at 70.972 billion yuan, up 6.6% from the end of the previous year. During the reporting period, cargo throughput reached 373 million tonnes, up 3.2% year on year, and container throughput was 18.22 million TEUs, up 7.0% year on year. Among segments, operating revenue from dry bulk and general cargo handling and supporting services fell 13.4% year on year, with segment results of 161 million yuan, down 47.0% year on year. Operating revenue from container handling and supporting services was 2.23 billion yuan, up 57.7% year on year. Operating revenue from logistics and port value-added services was 3.956 billion yuan, up 13.5% year on year.
COSCO Shipping Energy Transportation Plans Dividend of 0.28 Yuan Per Share
COSCO Shipping Energy Transportation announced on August 28 that it plans to distribute a cash dividend of 0.28 yuan per share, including tax, to all shareholders. The total payout is expected to be 1.532 billion yuan, accounting for 33.71% of net profit attributable to the parent company. In the first half of 2026, COSCO Shipping Energy Transportation achieved revenue of 15.146 billion yuan and net profit attributable to the parent company of 4.545 billion yuan.
COSCO Shipping Holdings plans dividend of 0.43 yuan per share, payout ratio 49%
COSCO Shipping Holdings announced on August 28 that it plans to distribute a cash dividend of 0.43 yuan per share, including tax, to all shareholders, with an estimated total payout of 6.565 billion yuan, accounting for about 49% of net profit attributable to the parent company in the first half of 2026. In the first half of 2026, COSCO Shipping Holdings achieved revenue of 111.922 billion yuan and net profit attributable to the parent company of 13.419 billion yuan.
COSCO Shipping Holdings first-half net profit 13.419 billion yuan, down 23.48% year-on-year
COSCO Shipping Holdings released its 2026 semi-annual report, achieving operating revenue of 111.922 billion yuan, up 2.59% year-on-year; net profit attributable to shareholders of the listed company was 13.419 billion yuan, down 23.48% year-on-year. The company plans to distribute a cash dividend of 0.43 yuan per share, tax included, to all shareholders. According to the financial report, the company's second-quarter net profit was 7.542 billion yuan, and the first quarter was 5.877 billion yuan, with second-quarter net profit up 28% quarter-on-quarter.
Qingdao Port plans cash dividend of 1.399 yuan per 10 shares
Qingdao Port announced on August 28 that it plans to distribute a cash dividend of 1.399 yuan per 10 shares, including tax, to all shareholders. The total payout is expected to be 908 million yuan, accounting for about 33% of the net profit attributable to the parent company in the company's consolidated statements for the first half of 2026. In the interim period of 2026, Qingdao Port achieved revenue of 10.456 billion yuan and net profit attributable to the parent company of 2.762 billion yuan.
COSCO Shipping Development first-half net profit attributable to parent rises 3.1% to 1.00 billion yuan
COSCO Shipping Development released its 2026 interim report. Net profit attributable to the parent rose 3.1% year on year to 1.00 billion yuan in the first half, while operating revenue was 13.62 billion yuan, up 11.1% year on year. In the second quarter, operating revenue was 7.63 billion yuan, up 11.6% year on year, and net profit attributable to the parent was 587 million yuan, up 19.9% year on year. As of the end of the second quarter, total assets stood at 139.399 billion yuan, up 5.9% from the end of the previous year, and net assets attributable to the parent were 31.388 billion yuan, up 1.9%. Container manufacturing sales volume in the first half was 958,600 TEU, up 13.35% year on year. The company continued to focus on core businesses including container manufacturing, shipping leasing and container leasing.
COSCO Shipping Holdings subsidiary orders 18 container ships for over 20 billion yuan
COSCO Shipping Holdings announced on the evening of August 28 that its wholly owned subsidiary COSCO Shipping Assets has ordered a total of 18 container ships for a combined transaction price of approximately 20.274 billion yuan. Among them, COSCO Shipping Assets ordered 12 22,000 TEU LNG dual-fuel container ships from Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading at a price of 224 million US dollars per vessel, and ordered 6 new wide-beam 3,200 TEU container ships from Huangpu Wenchong Shipbuilding and China Shipbuilding Trading at a price of 339.8 million yuan per vessel. This transaction does not constitute a related-party transaction. The 22,000 TEU vessels are expected to be delivered between 2028 and 2030, and the 3,200 TEU vessels are expected to be delivered between 2028 and 2029. Of the transaction funding, no more than 70 percent will come from external debt financing, with the remainder allocated from the group's internal resources. COSCO Shipping Holdings also disclosed its interim report for the first half of 2026, with operating revenue of 111.922 billion yuan, up 2.59 percent year on year, and net profit attributable to the parent company of 13.419 billion yuan, down 23.48 percent year on year. The company plans an interim dividend of 0.43 yuan per share, with a total payout of 6.565 billion yuan, accounting for 49 percent of net profit attributable to the parent company.
COSCO Shipping Energy Transportation H1 net profit up 143.21% year on year; proposes dividend of 2.8 yuan per 10 shares
COSCO Shipping Energy Transportation disclosed its semi-annual report on August 28. In the first half of 2026, it achieved operating revenue of 15.146 billion yuan, up 30.03% year on year; net profit attributable to shareholders of the listed company was 4.545 billion yuan, up 143.21% year on year; basic earnings per share were 0.8315 yuan. The company plans to distribute a cash dividend of 2.8 yuan per 10 shares, tax included. During the reporting period, international transportation revenue rose sharply year on year.
Haixia Co. reports 2026 interim net profit of 135 million yuan, up 7.59% year on year
Haixia Co. released its 2026 interim report, with total operating revenue of 2.839 billion yuan, up 4.33% year on year, and net profit attributable to the parent of 135 million yuan, up 7.59% year on year. Net cash inflow from operating activities was 1.07 billion yuan, up 1.80% year on year, marking a second consecutive year of growth. The company's asset-liability ratio was 35.71%, down 8.13 percentage points year on year; gross margin was 40.26%, up 3.26 percentage points year on year; ROE was 3.33%, up 0.14 percentage points year on year. Diluted earnings per share rose 7.09% year on year, total asset turnover rose 24.44% year on year, and inventory turnover rose 1.11% year on year. The number of shareholders was 72,200, and the top ten shareholders held 75.12% of total share capital.
Ningbo Ocean Shipping's 2026 interim net profit was 343 million yuan, down 9.28% year-on-year
Ningbo Ocean Shipping released its 2026 interim report. The company's total operating revenue was 3.445 billion yuan, up 17.66% year-on-year, marking a third consecutive year of growth. Net profit attributable to the parent company was 343 million yuan, down 9.28% year-on-year. Net cash inflow from operating activities was 952 million yuan, down 9.33% year-on-year. The company's asset-liability ratio was 34.09%, gross margin was 16.24%, return on equity was 5.35%, and diluted earnings per share was 0.26 yuan. The number of shareholders was 34,500, and the top ten shareholders held 84.48% of the total share capital.