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

First Commercial Ship-to-Ship Green Ammonia Bunkered in China

First Commercial Ship-to-Ship Green Ammonia Bunkered in China

Nakilat Brings In $355m Net Profit for Q3 2026

Nakilat Brings In $355m Net Profit for Q3 2026

Maersk, Hateco to Analyze Railway Freight Terminals in Vietnam

Maersk, Hateco to Analyze Railway Freight Terminals in Vietnam

Latvia Identified as Top-Five Importer of Russian Grain

Latvia Identified as Top-Five Importer of Russian Grain

Subscribe for Maritime Logistics Professional E‑News

Volkswagen recalls 4 million cars, Handelsblatt reports
Boeing flags 737 MAX Software Bug Affecting Landing Navigation Feature, WSJ Reports
Zimbabwean businessman Chivayo who was close to the ruling elite killed in helicopter crash