25JAN2019 - NEWS - Cosco Shipping Ports enters into agreement to acquire major stake in port of Chancay in Peru

Cosco Shipping Ports which is the port operating unit of China Cosco Shipping Group, has recently entered into an agreement to acquire a 60% stake in the port of Chancay in Peru, marking the state-run shipping giant’s first foray into South America. Under the agreement, Cosco will buy the stake from Peruvian mining company Volcan Compania Minera and partner with company for the development, construction and operation of the port. Port of Chancay is a natural deep-water harbour with a maximum of 16 metres water-depth. The construction of Chancay Terminal includes multi-purpose terminals, container terminals and related infrastructure facilities.

Published by Editor - www.Livebunkers.com at 25-Jan-2019 05:43:40 [UTC] , contact editor at editor@livebunkers.com