China’s Cosco Shipping’s USD 1.3 bln Chancay port project in Peru, set for inauguration later in the year, has encountered regulatory challenges concerning service exclusivity. Peru’s port authority contends that the facility should be open to other service providers, a stance that might alter Cosco’s business strategy for the port. The Chancay port’s opening coincides with Peru hosting the APEC conference, highlighting the port as a focal point in US-China trade dynamics in the region.