【Shipping Stocks】Orient Overseas International Earnings Down 41% Last Year, Final Dividend of $0.42 Per Share, Middle East Situation Adds Uncertainty for Future

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COSCO Shipping Container Lines International (00316) announced that in 2025, its profit will be $1.513 billion, down 41.28% year-on-year. Earnings per share are expected to be HKD 2.29. The company plans to pay a final dividend of HKD 0.42 per share. The company admitted that some shipping companies have operated certain routes or ships through the Red Sea, with new ship deliveries continuously increasing, leading to concerns of oversupply. However, the current charter market remains tight, and the changing situation in the Middle East adds uncertainty to future trends.

During the period, revenue was HKD 9.722 billion, down 9.15% year-on-year. Of which, container shipping and logistics revenue was HKD 9.698 billion, down 9.18%.

The company received a total of 9 brand-new container ships with a capacity of 16,800 TEUs, all of which have been delivered and put into operation, strengthening its service capacity on the Pacific routes. It also resumed operation of the Asia-Europe LL3 route, which was temporarily suspended due to capacity shortages.

A total of 3.75 TEU container ships were delivered this year

The company notes that geopolitical events seem to be occurring more frequently, with any geopolitical factor potentially triggering immediate effects and causing ripple effects. It is difficult to accurately predict market trends. “The only thing we can do is focus on our own affairs, act cautiously, follow the trend, and respond proactively.”

The company announced that in 2026, new ships will be delivered successively, including 24,000 TEU methanol dual-fuel container ships and 13,500 TEU traditional fuel container ships leased from a subsidiary of Seaspan Corporation. These will help upgrade the fleet’s size and performance and expand coverage of the shipping network.

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