- Two-year project to lift capacity to 24,000 containers.
- New direct routes from China and South Korea cut transit to 23 days.
- Strong demand driven by Asian e-commerce shipments.
A major global terminal operator is set to invest a whopping $550 million to expand Peru’s Callao port, kicking off in January. Fernando Fauche, the chief commercial officer for the company’s Peru division, shared that this project will take two years to complete and will boost the terminal’s capacity to handle 24,000 containers, reports Reuters.
New Direct Routes Strengthen Asia–Peru Trade
Callao has recently introduced direct shipping services from China and South Korea, which will cut transit times down to about 23 days. Port officials are excited about these new routes, as they aim to strengthen Peru’s trade connections with Asia and establish Callao as a key Pacific hub.
E-Commerce Shipments Driving Early Demand
Initial cargoes have included retail goods from Chinese platforms such as Temu.
“Shipments are fully booked for the next six weeks. There’s demand,” Fauche said during the announcement.
Chancay Megaport Seen as Complementary but Competitive Risks Remain
The operator and local port authorities have described the nearby Chinese-built Chancay megaport as “complementary.” However, analysts are warning that as major infrastructure projects develop along Peru’s coastline, both ports could end up competing for Asian shipping volumes.
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Source: Reuters
