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

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Nick Miller Named Chief Growth Officer at Erickson Marine

Nick Miller Named Chief Growth Officer at Erickson Marine

Argent LNG, Albania to Evaluate Development of Import Terminal

Argent LNG, Albania to Evaluate Development of Import Terminal

WTO: Global Goods Trade Strengthens Despite Uneasy Politics

WTO: Global Goods Trade Strengthens Despite Uneasy Politics

Subscribe for Maritime Logistics Professional E‑News

USDA report report fails in its attempt to reverse EU wheat's decline
Agency reports that 243 passengers from an Indonesian passenger ship have been reported missing at sea.
The death toll from the fire on a Philippine ferry has risen to 76, as rescuers continue to recover more remains