Peru's Port of Chancay Regulatory Dispute
Analysis based on 13 articles · First reported Feb 11, 2026 · Last updated Feb 13, 2026
The regulatory dispute over the COSCO Shipping Holdings===Port of Chancay creates uncertainty for foreign investments in Peru and other developing nations, potentially increasing perceived political risk. It also highlights growing geopolitical tensions between the United States and China over economic influence, which could affect global trade and investment flows.
A Peruvian court ruling has restricted the local regulator, Peru===Supervisory Agency for Investment in Public Transport Infrastructure, from overseeing the Chinese-built COSCO Shipping Holdings===Port of Chancay, a $1.3 billion deepwater facility majority-owned by COSCO Shipping. This decision has sparked concern from the United States, with the Trump administration warning that China's control over critical infrastructure could cost Peru its sovereignty. The U.S. State Department's Bureau of Western Hemisphere Affairs stated its support for Peru's sovereign right to oversee its infrastructure and cautioned other nations about the potential costs of 'cheap Chinese money.' China has strongly rejected these accusations, with its Foreign Ministry spokesperson calling them 'rumor-mongering and smearing.' COSCO Shipping also dismissed the U.S. claims, asserting that the port remains under Peruvian jurisdiction. Peru===Supervisory Agency for Investment in Public Transport Infrastructure plans to appeal the court's decision, arguing that COSCO Shipping should not be exempt from its oversight, as the port covers a significant portion of Peruvian territory.
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