marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

EU Wheat Prices Rise As Black Sea Tensions Persist

EU Wheat Prices Rise As Black Sea Tensions Persist

Saudi Gulf Oil Exports Pick Up After Pipeline Attack

Saudi Gulf Oil Exports Pick Up After Pipeline Attack

Export Prices for Russian Wheat Fall

Export Prices for Russian Wheat Fall

Russia Repurposes Fertilizer, Coal Terminals to Export Grain

Russia Repurposes Fertilizer, Coal Terminals to Export Grain

Subscribe for Maritime Logistics Professional E‑News

Major US airlines reject Air China's bid to schedule more US flights
FedEx and Advent-led consortium secures more than 89% of InPost's shares in the takeover offer
Trafigura launches Volare tanker arm, plans Oslo listing