marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

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 Unveils Ports Strategy

EU Unveils Ports Strategy

Insurance Broker Marsh Meets US Officials to Discuss Iran War

Insurance Broker Marsh Meets US Officials to Discuss Iran War

Exxon to Send its First Fuel Shipment from US Gulf Coast to Australia

Exxon to Send its First Fuel Shipment from US Gulf Coast to Australia

Port of the Future 2026: A Look Back, a Path Forward

Port of the Future 2026: A Look Back, a Path Forward

Subscribe for Maritime Logistics Professional E‑News

UKMTO: Crew safe after explosion reported near Kuwait
US lawmakers express concern over Intel's testing on tools made by a Chinese-linked firm
The Foreign Minister of Hungary has announced that Russia will release two ethnic Hungarian prisoner of war