News / Cosco profits surge, but headwinds from the US may slow pace of growth

Cosco’s box shipping division recorded surging revenues and profits last year, on the back of strong volume gains.

Recording a year-on-year 10.12% uptick in volumes, to 25.9m teu, Cosco Shipping outpaced the average market growth rate of 6%, and reported a 34.4% jump in earnings, to $31.1bn.

The Chinese carrier said: “In 2024, the container shipping market saw moderate growth in cargo volumes driven by a gradual recovery of global trade. Meanwhile, the ongoing turmoil in ...