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COSCO SHIPPING Ports & Peru jointly develop the Port of Chancay

Logistic News - Published on Thu, 16 May 2019

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COSCO SHIPPING Ports Limited, a leading ports operator in the world, announced that COSCO SHIPPING Ports PERU (Chancay) Project Official Transfer Ceremony and COSCO SHIPPING Ports Chancay PERU SA. Promotional Event were officially held in Peruon 13 May (Local time in Peru). The equity transaction of the Project Company was officially completed on 10 May 2019. Port of Chancay is the Company’s first greenfield subsidiary in South America and COSCO SHIPPING Ports is dedicated to developing it to an important gateway port in South America.

At the signing ceremony held in Peru, Mr Zhang Wei, Chairman and Managing Director of COSCO SHIPPING Ports and Mr José Picasso, Chairman of Volcan Compañía Minera S.A.A. (“Volcan”) signed the closing certificates on behalf of the two parties. On 23 January 2019, COSCO SHIPPING Ports officially signed the subscription and investment agreement with Volcan to acquire stake in Port of Chancay.

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Posted By : Rabi Wangkhem on Thu, 16 May 2019
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