China's Cosco weighs legal action After Peru sets price controls at megaport

Reuters

2025/04/12

LIMA, April 11 (Reuters) - Chinese ports operator Cosco Shipping could kick off legal proceedings in Peru after the local regulator determined that prices at Cosco's Chancay megaport must be controlled, the firm said in a statement sent on Friday.

Cosco stressed that it offered competitive market conditions at Chancay, despite consumer protections agency INDECOPI ruling on the contrary.

(Reporting by Marco Aquino; Editing by Natalia Siniawski)

((Kylie.Madry@thomsonreuters.com;))

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