China's Cosco Shipping evaluating impact of Peru's lawsuit on megaport development

COSCO SHIPPING Ports

26/03/2024 15:43

LIMA, March 26 (Reuters) - 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  1199.HK  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.

 (Reporting by Marco Aquino; Writing by Valentine Hilaire;
Editing by Alexander Villegas)
 ((Valentine.Hilaire@thomsonreuters.com;))