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

CM Energy Contributes to ASSO Cable Lay Project

CM Energy Contributes to ASSO Cable Lay Project

Singapore, Norway Launch Call for Green Shipping Research Grants

Singapore, Norway Launch Call for Green Shipping Research Grants

Los Angeles, Long Beach Port Workers and ILWU Watchmen Extend Bargain Deadline

Los Angeles, Long Beach Port Workers and ILWU Watchmen Extend Bargain Deadline

Corn, Soybean Futures Remain at Multi-Month Lows

Corn, Soybean Futures Remain at Multi-Month Lows

Subscribe for Maritime Logistics Professional E‑News

TSA officers are not allowed to sit down during ID checks in US airports
Canada fast tracks oil pipeline to diversify economy and divert away from US
Maguire: The cement boom in Africa signals the next big shift in global energy usage.