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

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

d’AMICO Orders Pair of Eco Design Vessels

d’AMICO Orders Pair of Eco Design Vessels

Great Ships of 2025: Frederick Paup

Great Ships of 2025: Frederick Paup

WAPS Make Wind Blow for Vessel Decarbonization

WAPS Make Wind Blow for Vessel Decarbonization

Subscribe for Maritime Logistics Professional E‑News

Two Chinese airlines plan to buy Airbus jets worth up $8.2 billion
IndiGo, India's largest airline, will increase pilot compensations after weeks of mass cancellations
Indonesian authorities find body of Spanish soccer coach during search for drowned Spanish children