A new port is being built in Chancay, a small fishing town north of Lima, Peru, and it’s causing a lot of buzz. The British newspaper The Telegraph has raised some serious concerns about this port, suggesting it could put Peru in a risky position if tensions rise between China and the United States.
A New Port, New Problems
The Port of Chancay is designed to help transport important goods like corn, soybeans, copper, and lithium from countries like Argentina and Colombia to China. This means that ships will no longer have to take the long route through the Panama Canal, which could save a lot of time. The port is expected to cut transport times to just 23 days, connecting South America directly to Asia.
Unlike other ports, the terminal operated by Cosco in Chancay does not have an expiration date in its contract. This situation generates anxiety among global powers. Credits: DIFFUSION
However, the construction has not come without issues. Local fishermen are worried be...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
