Cosco Shipping Ports Limited and Peruvian mining company Volcan have signed an agreement Monday in Lima to build the $3bn Chancay Multipurpose Port Terminal.

Cosco Shipping Ports and Peruvian mining company Volcan Compañía Minera have entered into the subscription and investment agreement with Terminales Portuarios Chancay (TPCH), the Chinese company’s first investment in South America.

DP World has announced the successful closing of the acquisition of Cosmos Agencia Marítima (CAM) in Peru which also bring 50% stake in Terminales Portuários Euroandinos in the Port of Paita. Cosmos Agencia Maritima is one of the largest logistics companies on Latin America.

Hamburg Sud is launching a seasonal service for the fresh fruit season between Peru and Philadelphia in the US.

Taiwan’s Wan Hai Lines and Transtotal Agencia Maritima have set up a joint venture firm in Lima, Peru to run shipping related operation and provide more direct, efficient services to customers.

A week-long strike by stevedores at AMP Terminals Callao, Peru, has already cost $50m according to the Peruvian Association of Exporters (ADEX).

Peru has awarded a $182.4m contract for the construction and operation of a port near Pisco to a consortium of Brazilian and Spanish companies. 

An analysis by The United Nation Economic Commission on Latin America and the Caribbean (ECLAC) paints an "alarming" picture of strikes in the regional port sector in its February 2014 maritime and Logistics Newsletter.

A number of shipping lines have announced new services or the expansion of existing ones, linking Asia and the west and east coasts of South America, with post-panamax vessels.

La Paz: Bolivia plans to invest heavily in Peru’s southern ports in order to increase its foreign trade through Peru, according to the vice president of Bolivia, Alvaro Garcia.