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

Liebherr Christens MV Patricia

Liebherr Christens MV Patricia

Nikkiso to Provide 16 Motor Pumps for German LNG Terminal

Nikkiso to Provide 16 Motor Pumps for German LNG Terminal

Shipsy Launches Logistics Intelligence Layer for Enterprise

Shipsy Launches Logistics Intelligence Layer for Enterprise

Brittany Ferries Ends Live Irish Calf Exports

Brittany Ferries Ends Live Irish Calf Exports

Subscribe for Maritime Logistics Professional E‑News

Two injured after blast at southern German train station
Trump will meet with the CEOs of the travel industry to discuss tourism.
Iran's website shows that more ships are blacklisted for trying to pass through the Hormuz Strait.