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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.

Photo: APM TERMINALS

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.

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