APM Terminals on Peru: We are used to competition

APM Terminals sees continued growth potential in South America's fourth-largest economy, Peru. The company is undaunted by Chinese Cosco's soon operational port located near APM Terminals' Pacific hub, Callao.


Maersk Group's ports and terminal business, APM Terminals, maintains its evaluation of Peru as a potential growth source, despite the fact that a prime competitor has made a serious debut on the fourth-largest economy in South America.

With an investment for USD 2 billion, the Chinese state-owned Cosco has entered one of Maersk Group's core domains, establishing a port a mere 70 kilometers from the Danish company's important Pacific port, Calloa. The new port Chancay has been under construction for several years and is planned to be operational in 2019.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs