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

Marlink Secures BV Certification for XChange NextGen Platform

Marlink Secures BV Certification for XChange NextGen Platform

Gulf Markets Rise on Hopes of Avoiding Future Iran Strikes

Gulf Markets Rise on Hopes of Avoiding Future Iran Strikes

Los Angeles, Long Beach Port Workers Extend Labor Negotiations

Los Angeles, Long Beach Port Workers Extend Labor Negotiations

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Subscribe for Maritime Logistics Professional E‑News

Increased security at US Fairford Air Base in England
Pentagon: Boeing has won the contract for next-generation US Navy fighters.
TSA officers are not allowed to sit down during ID checks in US airports