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

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

SEA-LNG: LNG Bunkering is Surging

SEA-LNG: LNG Bunkering is Surging

Baltic Index Falls as Capesize, Panamax Decline

Baltic Index Falls as Capesize, Panamax Decline

Future Workforce: Maritime and Supply Chain Graduate Finley Navigates Success

Future Workforce: Maritime and Supply Chain Graduate Finley Navigates Success

Subscribe for Maritime Logistics Professional E‑News

Air Current reports that Boeing is weighing 737 production ramp-up in order to reach Airbus targets.
Pentagon: US forces board a sanctioned oil tanker in the Indian Ocean
Swedish court orders that seized cargo ships can be transferred to Ukraine