Ecuadorian white shrimps rush to the "fast ship road", saving two weeks of export time to China

Published 2025년 4월 23일

Tridge summary

A new port, Changkai Port, is under construction in Peru, 78 kilometers north of Lima and funded by Chinese investments, as part of the 'Belt and Road' initiative. The port is expected to have four berths with an annual handling capacity of 1 million standard containers and will be managed by China Ocean Shipping Group (COSCO), which also holds 60% of the port's shares. Upon completion, the port is anticipated to significantly reduce logistics costs by approximately 20% and will serve as a direct route for South American goods, particularly from Ecuador and Peru, to Asia, bypassing the longer and more expensive routes through North America. The port will handle a variety of products, including shrimp, soybeans, iron ore, meat, coffee, avocados, bananas, and cocoa, and is projected to generate an annual revenue of US$4.5 billion for Peru.

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Original content

Located 78 kilometers north of Lima, the capital of Peru, and only about 17 hours' drive from the Ecuadorian border, Changkai Port is invested and built by Chinese funds and is one of the important infrastructure projects under the "Belt and Road" initiative. According to Xinhua News Agency, the port has completed 83% of its construction. After completion, it will have 4 berths with an annual handling capacity of 1 million standard containers (TEUs) and will be equipped with an intelligent logistics management system, which can reduce logistics costs by about 20%. The China Ocean Shipping Group (COSCO) is responsible for the operation of the Changkai-Shanghai route. Shipping), and the group also holds 60% of the port's shares. Previously, most of the goods exported from South America to China had to transit through North America, which was a long route, time-consuming and costly. The opening of the new route broke this pattern and brought South America's trade with Asia into the ...

Source: Foodmate