COSCO Shipping Specialized reported H1 2025 revenue of RMB 10.78bn (+44% YoY) and net profit of RMB 825m (+13% YoY). Adjusted net profit rose 52%. The company is expanding its fleet with up to 52 vessels expected by year-end, including a $310m long-term charter for six heavy-lift ships.
The company reported revenue of RMB 10.78 billion, a 44% increase year-on-year. Net profit attributable to shareholders reached RMB 825 million, up 13% compared with the same period in 2024. Adjusted net profit rose to RMB 835 million, an increase of more than 52%. According to the company, operating cash flow nearly doubled, reflecting improved earnings quality.
Fleet expansion remained a strategic focus. By mid-2025, COSCO Shipping Specialized had taken delivery of a number of new vessels, with industry sources noting that the company aims to add up to 52 ships by year-end, including multipurpose and heavy-lift carriers under long-term charter agreements.
In addition, the carrier recently secured a 16-year charter deal for six heavy-lift vessels valued at approximately USD 310 million, strengthening its capacity in project cargo and specialized transport.
While the global specialized shipping market faces increasing competition, COSCO Shipping Specialized stated that it will continue to expand and optimize its fleet as part of its long-term growth strategy under China’s 14th Five-Year Plan.