Peruvian bounce
NewsChancay Port, a US$ 3.5b mega project, aims to become South America’s main Asia trade hub. It will handle 18,000+ TEU ULCVs, have automated operations, and an adjacent economic zone.
Atlantic cutbacks
CP Ships and the members of the Grand Alliance have reached agreement with Cosco, K Line and Yang Ming to form the Atlantic Space Charter Agreement, as a result of which one weekly string of five ships of 2000 TEU capacity will be withdrawn from transatlantic service by Cosco, K Line and Yang Ming.
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