Cosco: Why the shipping company opens a mega port in Peru
Since 2019, the Chinese state-owned company Cosco Shipping has been the majority owner of the deep-water port of Chancay, located on Peru’s Pacific coast, around 75 kilometers north of the capital Lima. It is scheduled to open in mid-November.The Peruvian authorities hope the 3.6 billion US dollar project will become a trade hub between South […]