China's Cosco weighs legal action After Peru sets price controls at megaport

COSCO SHIPPING Ports

11/04/2025 17:07

LIMA, April 11 (Reuters) - Chinese ports operator Cosco Shipping could kick off legal proceedings in Peru after the local regulator determined that prices at Cosco's Chancay megaport must be controlled, the firm said in a statement sent on Friday.

Cosco stressed that it offered competitive market conditions at Chancay, despite consumer protections agency INDECOPI ruling on the contrary.

 (Reporting by Marco Aquino; Editing by Natalia Siniawski)

 ((Kylie.Madry@thomsonreuters.com;))