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

ABS, U.S. DOE to Advance Maritime Nuclear Technology

ABS, U.S. DOE to Advance Maritime Nuclear Technology

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Baltic Index Reaches More Than Seven Week Low

Baltic Index Reaches More Than Seven Week Low

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Subscribe for Maritime Logistics Professional E‑News

Alaska Air expects certification of the Boeing 737 MAX 10 by end-September
Increased security at US Fairford Air Base in England
Volkswagen recalls 4 million cars, Handelsblatt reports