China's $1.3 Billion Gamble on Peru Port Faces Snags From Andes to Amazon [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
Cashing in on the investment may be harder than expected. Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End NYC Congestion Pricing Plan With $9 Toll to Start in January Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions China's President Xi Jinping and Peruvian President Dina Boluarte officially inaugurated Chancay port during a ceremony at Peru's presidential palace in Lima on Thursday. The move epitomizes Beijing's ambitions to strengthen commerce with South America as the world braces for more restrictive trade measures under US President-elect Donald Trump. Chancay port, about 44 miles north of Lima, is majority-owned and operated by China's Cosco Shipping. While the facility promises to slash travel times for cargo going between China and South America, significant hurdles threaten to d
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News
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