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

LR taps Edris for Middle East Post

LR taps Edris for Middle East Post

Port of Gothenburg Awards Contract for Stena Line’s New Arendal Terminal

Port of Gothenburg Awards Contract for Stena Line’s New Arendal Terminal

DSV Taps CMA CGM’s ACT+ to Cut Shipping Emissions

DSV Taps CMA CGM’s ACT+ to Cut Shipping Emissions

US Navy, Anduril Unveil $6.6B Shipyard Plan for Submarine Parts Production

US Navy, Anduril Unveil $6.6B Shipyard Plan for Submarine Parts Production

Subscribe for Maritime Logistics Professional E‑News

Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Hope fading for new Boeing deal during US-China summit, sources say
Wall Street Journal, September 24,