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

Baku Port Handles 37% More Containers in 2025

Baku Port Handles 37% More Containers in 2025

International Flag-State Association Looks to Advancing Role in Policymaking

International Flag-State Association Looks to Advancing Role in Policymaking

The Northwest Seaport Alliance Retires Two Legacy Cranes from Terminal 7

The Northwest Seaport Alliance Retires Two Legacy Cranes from Terminal 7

Barbara Scheel Agersnap Steps Down as Copenhagen Malmö Port CEO

Barbara Scheel Agersnap Steps Down as Copenhagen Malmö Port CEO

Subscribe for Maritime Logistics Professional E‑News

Serbian students protest university pressure following railway station tragedy
Three people are killed by a knife-wielding assailant in Taipei. The attacker dies after he is chased by police.
Baku container throughput to increase 37% by 2025, says port chief