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

Authorities Make Major Cocaine Bust in Port of Barcelona

Authorities Make Major Cocaine Bust in Port of Barcelona

European Commission Urged to Take Action on Calves

European Commission Urged to Take Action on Calves

Roll Group Expands Heavy Gantry Capability in Indonesia

Roll Group Expands Heavy Gantry Capability in Indonesia

Saipem Sees Business Opportunities in Green Ammonia, Offshore Wind

Saipem Sees Business Opportunities in Green Ammonia, Offshore Wind

Subscribe for Maritime Logistics Professional E‑News

Train chauffeur, security authorities founded guilty over Spain's worst train crash in decades
Eurostar cancels a quarter of all services, urges versus travel
Ukraine's stressed out mobile service providers get ready for more and longer power cuts