Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal [BNN Bloomberg (Canada)]
COSCO SHP HLDG UNSP/ADR (CICOY)
NASDAQ:AMEX Investor Relations:
coscointl.com/en_ir_ho.asp
Company Research
Source: BNN Bloomberg
Peru's government is trying to revoke a deal that granted Chinese state-owned company Cosco Shipping exclusive rights to run the new Chancay Port. While most major Peruvian ports have a single operator, Peru argues it didn't have the legal authority to grant the new facility the same treatment. “We have received communication from the syndicated banks that gave us the loan and from Cosco saying ‘What is going on here, we don't understand,'” Carlos Tejada, adjunct general manager of the Chancay Port, told lawmakers this week. He added that investors have “serious concerns” about continuing to finance future stages of the project. Read More: Chinese Port in Peru Faces Surprise Challenge to Business Model The port, minority owned by Volcan Cia Minera, is set to transform South American trade by creating a direct line from Peru's Pacific Coast to Shangai. China is Peru's biggest trading partner. Chancay was financed with a $975 million loan provided by a group of lenders, includi
Show less
Read more
Impact Snapshot
Event Time:
CICOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICOY alerts
High impacting COSCO SHP HLDG UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICOY
News
- Peru seeks to avoid arbitration over Chinese-built mega port [Reuters]Reuters
- Container Shippers Lost Nearly $700 Million in Q4 2023 [Yahoo! Finance]Yahoo! Finance
- UPDATE 1-Peru's PM says China-built megaport should launch this year after dispute [Yahoo! Finance]Yahoo! Finance
- Peru PM says China-built megaport should launch this year after exclusivity dispute [Yahoo! Finance]Yahoo! Finance
- Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal [Yahoo! Finance]Yahoo! Finance