Chinese Port in Peru Faces Surprise Challenge to Business Model [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 Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Biden Gains Ground Against Trump in Six Key States, Poll Shows Vital Baltimore Bridge Collapses After Being Struck by Ship After Exposing Realtors, Eliminate the Mortgage Interest Deduction Peru's port authority said last week that Cosco Shipping's Chancay port was mistakenly granted exclusivity over the services to be offered on site. Now, the regulator is saying the facility should be open to other companies offering services such as loading and unloading shipping containers. “Evidently, this would alter any business plan,” said Francisco Roman, a former senior attorney for DP World in Peru, which exclusively operates the largest container terminal in the country. The Chancay port, set to open in November when Peru hosts the Asia-Pacific Economic Cooperation conference, is a lightning rod for US-Chin
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News
- 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
- Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal [BNN Bloomberg (Canada)]BNN Bloomberg