CK Hutchison Holdings’ Ports and Related Services division reported higher revenue and earnings in the first half of 2026, despite a slight decline in overall container throughput following the cessation of its Panama port operations. The ports division generated revenue of HK$24.52 billion (US$3.1 billion) during the six months ended 30 June, up 4% from HK$23.60 billion in the same period of 2025. EBITDA increased 4% to HK$9.03 billion, while EBIT rose 3% to HK$6.73 billion. Overall throughput slipped 1% year-on-year to 43.6 million TEU from 44 million TEU. However, CK Hutchison said the decline was mainly caused by reduced volumes following the cessation of its Panama port operations in late February. Excluding Panama, throughput increased 3%. Asian ports drive underlying growth The strongest volume gains came from the group’s Asian operations. HPH Trust handled 11.7 million TEU during the first half, representing a 5% year-on-year increase, while throughput across Chinese Mainland and Other Hong Kong operations rose 6% to 7.1 million TEU. European terminals handled 8.1 million TEU, down 1%, while the Asia, Australia and Others segment recorded 16.7 million TEU, representing a 7% decline. CK Hutchison attributed HPH Trust’s growth primarily to higher outbound laden volumes at Yantian destined for the United States and Europe. Shanghai ports also supported the performance, with strong outbound activity across services connecting Africa, South America and intra-Asia markets. Middle East disruption shifts volumes to Sohar The Middle East conflict also reshaped cargo flows across the group’s regional terminal portfolio. Quayside activities at ports in the United Arab Emirates were disrupted by the situation around the Strait of Hormuz. However, the negative impact was more than offset by additional ad-hoc transshipment volumes handled at Sohar in Oman. Regional disruption also contributed to longer container dwell times, boosting storage income in Oman and