COSCO Shipping has announced a significant operational change affecting its business in the Middle East region. According to an official company statement, the shipping giant will cease accepting new orders for the United Arab Emirates and Qatar markets.

Official Company Statement

The decision has been formally communicated through COSCO Shipping's official channels, marking a notable shift in the company's regional strategy. The announcement specifically targets two key Middle Eastern markets where the company has previously maintained operations.

Market Impact

The suspension of new order acceptance represents a strategic operational adjustment for COSCO Shipping in these markets. Both the UAE and Qatar serve as important logistics and shipping hubs in the Middle East region.

Operational Changes

The company's decision to stop taking new orders indicates a deliberate business strategy adjustment. This move affects COSCO Shipping's forward-looking operations in both countries, though existing commitments and ongoing services have not been specifically addressed in the available information.

The official nature of the statement underscores the formal approach COSCO Shipping has taken in communicating this operational change to stakeholders and market participants.

COSCO India Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, demonstrating a notable recovery in profitability during the third quarter of FY26.

Financial Performance Overview

The company reported strong quarterly performance with total income reaching ₹4,866.67 lakhs in Q3 FY26, representing an increase from ₹4,097.44 lakhs in the corresponding quarter of the previous year. Revenue from operations stood at ₹4,849.00 lakhs, while other income contributed ₹17.67 lakhs to the total.

Profitability Analysis

The company achieved a remarkable turnaround in profitability during Q3 FY26, reporting a net profit of ₹90.47 lakhs compared to a loss of ₹143.11 lakhs in the previous quarter. This represents a significant improvement in operational efficiency and cost management. The profit before tax stood at ₹85.36 lakhs, recovering from a loss of ₹180.02 lakhs in Q2 FY26.

Nine-Month Performance

For the nine-month period ended December 31, 2025, COSCO India recorded total income of ₹13,621.80 lakhs compared to ₹12,819.08 lakhs in the corresponding period of the previous year. The company reported a net profit of ₹2.35 lakhs for the nine-month period, significantly lower than ₹209.40 lakhs in the previous year.

Segment Performance

The company operates through two primary segments: manufactured products and stock in trade. During Q3 FY26, manufactured products contributed ₹1,678.28 lakhs to segment revenue, while stock in trade generated ₹3,170.72 lakhs. The stock in trade segment showed stronger performance with a segment result of ₹213.01 lakhs, while manufactured products reported a loss of ₹3.89 lakhs.

Corporate Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 14, 2026. The statutory auditors have expressed an unmodified opinion on these results. The company maintains an equity share capital of ₹416.10 lakhs with a face value of ₹10 each, and other equity of ₹4,620.33 lakhs.

The results demonstrate COSCO India's ability to navigate challenging market conditions and return to profitability in the third quarter, though the nine-month performance indicates ongoing operational challenges that the company continues to address.