PERU's Chancay port will handle two containerships a week next month following the port's inauguration in mid-November, according to Cosco Shipping, Reuters reports.
Initially, the port will cover a direct route to Shanghai and then, depending on exporter demand, it may go to other points in Asia, said Carlos Tejada, general manager of Cosco's subsidiary Cosco Shipping Chancay Peru.
The news comes after Peru and Chinese state-owned Cosco Shipping resolved a dispute regarding the US$3.6 billion Chancay port development, which is expected to transform cargo trade between Asia and Peru, reports Singapore's Splash 247.
The disagreement arose over exclusivity rights, which Peru's port authority claimed were mistakenly granted to Cosco.
Cosco had been building the port with the expectation of being its exclusive operator upon its opening in November.
The Peruvian government sought to annul the exclusivity, arguing the port should be open to other service providers.
SeaNews Turkey
Initially, the port will cover a direct route to Shanghai and then, depending on exporter demand, it may go to other points in Asia, said Carlos Tejada, general manager of Cosco's subsidiary Cosco Shipping Chancay Peru.
The news comes after Peru and Chinese state-owned Cosco Shipping resolved a dispute regarding the US$3.6 billion Chancay port development, which is expected to transform cargo trade between Asia and Peru, reports Singapore's Splash 247.
The disagreement arose over exclusivity rights, which Peru's port authority claimed were mistakenly granted to Cosco.
Cosco had been building the port with the expectation of being its exclusive operator upon its opening in November.
The Peruvian government sought to annul the exclusivity, arguing the port should be open to other service providers.
SeaNews Turkey
