COSCO Shipping Chancay Peru Terminal, the Chinese shipping major’s first green and smart port investment in South America, has commenced operation.
Located in the central part of the Peruvian coastline, approximately 78 kilometers north of Lima, the port was inaugurated on November 14, 2024, COSCO Shipping said.
Spanning 1,500 meters in length with 4 berths, including two for containers and two multi-purpose berths, the new port is said to be able to accommodate the world’s largest container ships.
Designed for a throughput capacity of 1 million TEUs , 6 million tons of bulk cargo , and 160,000 vehicles annually , the port features storage yards, warehouses, and multi-purpose logistics areas. A 1.8-kilometer tunnel connects the port to the Pan-American Highway, facilitating land transportation to the economic hinterland.
Chancay Port has integrated intelligent loading and unloading equipment, with pure electric container trucks alone contributing to a decrease in energy consumption of over 25%.
Following a successful trial operation phase, plans are underway to establish a regional logistics distribution hub at the COSCO Shipping Chancay Peru Terminal.
By launching two direct container shipping routes connecting Shanghai and Chancay ports, the transit time for cargo from Peru to China will be reduced to just 23 days. Moreover, the introduction of a roll-on/roll-off (RoRo) service will facilitate the establishment of an automotive distribution center in South America.
The Chancay Port Project Phase I is poised to generate over 8,000 direct employment opportunities, according to the company.
“Looking ahead, COSCO SHIPPING Chancay Port aspires to become a hub port in Latin America, distinguished by its operational efficiency, and dedication to green, low-carbon growth. Through effective operation, the port aims to transform the shipping routes between Chancay and Shanghai into a thriving path for the mutual prosperity and development of China and Latin America,” COSCO Shipping said.
To remind, COSCO Shipping Ports acquired the 60% stake in the Chancay Terminal from local mining company Volcan Compañía Minera in early 2019. The remaining 40% stake is owned by Volcan.