marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

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

MSC to Offload All Cargo Bound for Gulf

MSC to Offload All Cargo Bound for Gulf

Saudi Arabia Tries to Divert Oil to Red Sea

Saudi Arabia Tries to Divert Oil to Red Sea

London Marine Insurance Market Widens Risk Zone in Middle East

London Marine Insurance Market Widens Risk Zone in Middle East

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

Subscribe for Maritime Logistics Professional E‑News

MongoDB shares plunge 27% due to weak cloud growth and muted forecast
Israel's UN representative says that Israel and the US control nearly all Iranian airspace.
Loveholidays will postpone its $1.3 billion London IPO because of Gulf travel chaos.