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

Paris MoU Tackles Fraudulent Certificates

Paris MoU Tackles Fraudulent Certificates

BHP and GCMD Trial B100 Blend in Existing Supply Chain

BHP and GCMD Trial B100 Blend in Existing Supply Chain

Lakes U.S. Limestone Trade Down in May

Lakes U.S. Limestone Trade Down in May

Ivory Coast Reports Strong Cocoa Exports Ahead of El Niño Impacts

Ivory Coast Reports Strong Cocoa Exports Ahead of El Niño Impacts

Subscribe for Maritime Logistics Professional E‑News

Ukraine's railways must raise tariffs after Russian attacks to restore finances
Maguire: South America's ascent to become a key crude oil supplier
Inditex, Zara's owner, gains on Mideast tensions