COSCO Shipping Specialised Carriers sees profit rise in Q1 2026

The shipping firm reported that its cumulative cargo volume reached 8.53 million tonnes for the quarter. This figure represents a 56 per cent increase compared to the results recorded in the first quarter of 2025.

Seven new vessels were added to the fleet during the period, including one heavy lift ship, three multi-purpose ships, and two car carriers. One timber ship was retired from service, leaving the total fleet at 204 vessels with a total capacity of 9.45 million deadweight tonnes as of March 31.

Net cash flow from operating activities grew by 89.62 per cent to CNY1.93 billion. The company attributed this surge to the increased scale of its income and higher cash inflows from operations during the quarter.