Cosco Shipping Evaluating Impact of Peru's Lawsuit on Megaport Development

March 26, 2024

China's Cosco Shipping is evaluating the impact of a move by Peru's government to annual the exclusivity it holds over operations at the new Chancay megaport.

Peru awarded exclusivity to Cosco Shipping to operate the port in 2021, but last week said it was an "administrative error" and requested a judicial process to annul the decision. The Chinese company said in a statement late on Monday the push affects investment security in the Andean nation.


(Reuters - Reporting by Marco Aquino; Writing by Valentine Hilaire; Editing by Alexander Villegas)

Logistics News

World's First Hydrogen Fuel Cell RTG Commences Operation

World's First Hydrogen Fuel Cell RTG Commences Operation

Southern Dredging Wins St. Marys Dredging Job

Southern Dredging Wins St. Marys Dredging Job

Maintenance Insights: Davits

Maintenance Insights: Davits

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

Subscribe for Maritime Logistics Professional E‑News