marine link image

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

Legal Action Taken Following Spiridon II Livestock Deaths

Legal Action Taken Following Spiridon II Livestock Deaths

Freeport CEO Says Iran War Could Delay New US LNG Projects

Freeport CEO Says Iran War Could Delay New US LNG Projects

Russian Baltic Ports Pause Crude Loadings after Ukrainian Drone Attack

Russian Baltic Ports Pause Crude Loadings after Ukrainian Drone Attack

Jordan Purchases 50,000 Tons Fed Barley

Jordan Purchases 50,000 Tons Fed Barley

Subscribe for Maritime Logistics Professional E‑News

Trans Mountain begins bidding for capacity expansion
Jazeera Airways taps Saudi hubs as Kuwait airspace remains shut
Two Russians killed in Kharkiv and infrastructure damaged on the Danube by Russian attacks