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

GTT Marine, Normec Verifavia Announce Emissions Compliance Partnership

GTT Marine, Normec Verifavia Announce Emissions Compliance Partnership

SESCO Welcomes First Two Bulk Cement Vessels to Port Tampa Bay Terminal

SESCO Welcomes First Two Bulk Cement Vessels to Port Tampa Bay Terminal

Panama Canal Increase Daily Neopanamax Capacity to 10 Slots

Panama Canal Increase Daily Neopanamax Capacity to 10 Slots

M2INTELLIGENCE GVMS Solution Rolled Out Across Newport Fleet

M2INTELLIGENCE GVMS Solution Rolled Out Across Newport Fleet

Subscribe for Maritime Logistics Professional E‑News

US wants to spend another $30 billion on aviation systems
Oil nears two-week lows as supply worries ease
Turkish Airlines will purchase up to 150 Boeing 737 MAX jets