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Chinese megaport in Chancay, Peru threatens US trading influence with South America. Port to open later this year, boosting trade with Asia.

Peru's President Dina Boluarte will travel to China, meeting President Xi Jinping and leaders from key industries. Approved by Peru's congress, discussions will include strategic partnerships in mining, technology, and transportation, ahead of the APEC summit in Lima. Crucial meetings with Huawei, BYD, and Cosco Shipping are scheduled.

Shares of COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOY – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $9.44 and last traded at $9.36, with a volume of 16955 shares changing hands. The stock had previously closed at $8.99. COSCO SHIPPING Stock Performance The business […]

Dina Boluarte is to meet with Chinese leader Xi Jinping while trying to draw more investment to her country and addressing controversy over a belt-and-road project.

The FPSO is expected to process over 500 Mmcfgd. It will remove water, condensate and impurities from the gas before transferring it via pipeline to the Floating Liquified Natural Gas (FLNG) vessel at the Hub Terminal approximately 10 km offshore.