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

Terminal Portuario de Guayaquil Celebrates A Successful 2025

Terminal Portuario de Guayaquil Celebrates A Successful 2025

ICS Launches New Deck Procedures Guide

ICS Launches New Deck Procedures Guide

HAROPA PORT Achieves Record 2025 Results, Accelerates Green Corridor Strategy

HAROPA PORT Achieves Record 2025 Results, Accelerates Green Corridor Strategy

UTC Enters into Asia-Pacific Market with Singapore Hub

UTC Enters into Asia-Pacific Market with Singapore Hub

Subscribe for Maritime Logistics Professional E‑News

The US military has seized another Venezuelan-linked tanker off the Caribbean coast
InPost reports 30% rise in fourth-quarter parcel volumes
Sources say that Kazakhstan's Tengiz Oil Field will remain closed for 7-10 more days.