Chancay Terminal Project

In January 2019, COSCO SHIPPING Ports, a subsidiary of COSCO SHIPPING, signed an acquisition and investment agreement with Volcan Compania Minera S.A.A. in Davos on the acquisition of 60 percent equity of the Chancay Terminal in Peru, and the project was officially delivered in May that year. 

As a natural deepwater port with a maximum depth of 17.8 meters, the Chancay Port can accommodate ultra-large container vessels. The Chancay Terminal project consists of a multi-purpose terminal, a container terminal, and related infrastructure. Its first-phase project plans to build four berths, including two multi-purpose and two container berths. The terminal is designed to handle an annual throughput of 1 million TEUs, 6 million tons of general cargo, and 160,000 vehicles. The terminal is scheduled to be fully operational by 2024.

According to the plan, the Chancay Port will be developed into an important hub port in Latin America and a gateway port in the Pacific Ocean to propel local economic growth and serve as a new connection point and a bridge for China-Peru economic and trade exchanges.