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 Soft Wheat Exports for 2025/26 Down 5%

EU Soft Wheat Exports for 2025/26 Down 5%

Inchcape Shipping Services Opens New Office in Geoje, Korea

Inchcape Shipping Services Opens New Office in Geoje, Korea

Konecranes Expands Ecolifting Portfolio with Electric Reach Stacker

Konecranes Expands Ecolifting Portfolio with Electric Reach Stacker

Dan-Bunkering US Appoints Christian Vandvig Finnerup as Managing Director

Dan-Bunkering US Appoints Christian Vandvig Finnerup as Managing Director

Subscribe for Maritime Logistics Professional E‑News

BP identifies the source of Olympic Pipeline Leak in Washington
Transportation chief of the US wants healthier snacks for flights
Sources say that Russia is considering how to support Russian Railways, which has a debt of $51 billion.