COSCO Shipping Ports is the Chinese state-linked company that operates 60% of the Chancay Megaport investment, acting as majority partner and main operator of the terminal, while the remaining 40% belongs to Peruvian mining company Volcan Compañía Minera. COSCO is one of the largest shipping and port-operating groups in the world, with terminals across several continents.
What COSCO actually does in Chancay
- Manages and operates the port terminal
- Connects the port to its global shipping network, including a direct route to Shanghai
- Provides the majority of construction and infrastructure financing
Why it matters that the operator is Chinese
By being part of COSCO's global logistics network, the port plugs directly into established Asian trade routes instead of depending on intermediate stops at other South American or North American ports.
Frequently asked questions
- Does COSCO own the entire port?
- No, it holds 60% of the investment; the remaining 40% belongs to Peruvian company Volcan.
- Does COSCO operate other ports worldwide?
- Yes, it is one of the largest shipping and port-operating companies in the world, with presence on several continents.
- What does Peru gain from COSCO's involvement?
- Direct access to COSCO's shipping network toward Asia, without relying on stopovers in other countries.
Source: Gestión.
Source: Gestión