ID 2885224
© Winterling
| Dreamstime.com
Delve straight into the numbers.
In a nutshell: Chinese state-owned container line Cosco Shipping Holdings; (CSH) profit rose a whopping 81% in the third quarter as port congestion and long reroutes tied up ships and lifted freight rates, while Cosco Shipping Ports, the terminal operator it controls, reported flat profit with its busiest Chinese terminals close to capacity.
Why so?
For one, Citi expects a seasonal easing into early 2027, but its own work on port bottlenecks, a Strait of Hormuz that remains largely …