On June 5 local time, Peruvian President Dina Boluarte visited the Port of Chancay and awarded the operational license to COSCO SHIPPING Ports Chancay Peru S.A., marking the port’s official commencement of commercial operations.

The port of Chancay was inaugurated following the opening orders from presidents of China and Peru in November 2024. It has quickly proven its value as a regional shipping hub during the trial operation phase. In her remarks on the license-awarding ceremony, President Boluarte stated that the Port of Chancay is projected to contribute approximately 1.8% to Peru’s GDP growth, representing an estimated annual economic benefit of $4.5 billion, and generate a significant number of new direct and indirect jobs.

President Boluarte highlighted that the opening of Chancay port has reduced transit time from Peru to Asia from 35 days to 23 days, substantially lowering logistics costs and boosting the international competitiveness of Peruvian exports. She encouraged neighboring countries in South America to utilize this emerging strategic hub of Chancay to strengthen trade ties with the Asian market, thereby promoting regional economic integration and shared prosperity.

Just days prior to the ceremony, a 62,000-dwt multi-purpose vessel from COSCO SHIPPING Specialized Carriers made its inaugural call at the Port of Chancay, offloading 50 pure electric mining trucks from Tonly Heavy Industries. This marked the beginning of specialized cargo operations at the megaport facility. Currently, the Port of Chancay operates as a multi-functional terminal capable of handling containers, bulk cargo, RoRo traffic and so forth. The port is actively conducting various freight services and has attracted numerous traders from both the Asia-Pacific and Latin American regions.

Several major international shipping lines have established trunk line and feeder services connecting the Port of Chancay with hubs in Panama, Colombia, Chile, and southern Peru. This network surrounding Chancay port is enhancing Peru’s connectivity within the region and the globe. With an open and efficient approach, the Port of Chancay is welcoming partners worldwide, aiming to help Peru establish a key gateway facing the Pacific and integrate fully into the global logistics supply chain.