Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
NASDAQ:AMEX Investor Relations:
coscointl.com/en_ir_ho.asp
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Source: Yahoo! Finance
Most Read from Bloomberg A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Trump Media's Business Doesn't Matter Trump Got His $175 Million Bond From a Billionaire Fan's Company TSMC Halts Some Chipmaking as Taiwan Gauges Quake Fallout Kim Jong Un Faces Annihilation in Most Korea War Scenarios 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
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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 [BNN Bloomberg (Canada)]BNN Bloomberg