COSCO Shipping Ports recorded an 8.4 percent increase in container throughput to 42.27 million TEU during the third quarter of 2026. Concurrently, tanker operators China Merchants Energy Shipping and COSCO Shipping Energy saw net profits surge amid elevated crude freight rates on Middle East–China export routes.
Bilateral trade between China and Oman reached RO 9.6 billion in 2025 across manufacturing, logistics, and renewable energy sectors. The two nations stressed continuing China-GCC free trade agreement negotiations to reduce regional trade barriers. Discussions also covered integrated clean energy industrial complexes and cross-border smart warehousing networks.
COSCO Shipping Ports posted an 8.4 percent rise in Q3 2026 container throughput, alongside solid revenue and gross profit growth amid route realignments across Gulf and Red Sea corridors. Meanwhile, China Merchants Energy Shipping and COSCO Shipping Energy recorded net profit increases of 263.15 percent and 171.9 percent, respectively, driven by elevated crude freight rates between China and the Gulf.
DP World Group CEO Yuvraj Narayan has highlighted escalating challenges across Middle East container routes connecting China and the Gulf. Citing Xeneta data, spot rates for a 40-foot container from China surged 214 percent to Jeddah and 442 percent to Khor Fakkan. Narayan cautioned that bypassing primary hubs undermines logistics efficiency, urging investment in shock-resistant transport networks.
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