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

Sonangol Looks to Secure $4.8b Loan From China for Sea Port Refinery

Sonangol Looks to Secure $4.8b Loan From China for Sea Port Refinery

Hartman Seatrade Adds Two Liebherr LS 250 Ship Cranes to its Fleet

Hartman Seatrade Adds Two Liebherr LS 250 Ship Cranes to its Fleet

Enstructure to Support Sims’ Houston Expansion

Enstructure to Support Sims’ Houston Expansion

Tennessee-Tombigbee Waterway Development Authority Elects Governor Tate Reeves as 2026 Chairman

Tennessee-Tombigbee Waterway Development Authority Elects Governor Tate Reeves as 2026 Chairman

Subscribe for Maritime Logistics Professional E‑News

Air France and others are not allowed to fight EU cargo cartel fines by the EU's top court
Hanwha Greek and Hanwha? ??? Shipyards expand their activities in the US
What is Druzhba and why have EU sanctions against Russia been delayed?