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Business Daily

How Peru's Chancay Port is changing trade

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 17 December 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

We return to Peru’s mega port - the Chancay Port. This $3.5bn project is a joint venture between China’s state-owned shipping company Cosco Shipping and Peruvian mining company Volcan. It’s already starting to have an impact on local businesses.

We find out what’s giving it the edge, how local fruit producers are particularly benefiting, and what obstacles still need to be overcome, both politically and logistically.

If you'd like to get in touch with the programme, our email address is businessdaily@bbc.co.uk

Presented and produced by Jane Chambers

(Picture: Fruit producer, Percy Perez, in Peru.)

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:07.0

Hello and welcome to Business Daily on the BBC World Service. I'm Jane Chambers. Today I'm in Peru's megaport, the Chankai port.

0:16.6

The port of Chankai could be a game changer for Peru, for Peru economy and for Peru position in the South America.

0:23.8

The $3.5 billion project is a joint venture between China's state-owned shipping company Costco shipping

0:30.4

and Peruvian mining company Volcan.

0:33.3

It's already starting to have an impact on local businesses.

0:45.5

We started growing raspberries and blackberries here as a bit of an experiment to see how they do.

0:48.9

As well as producing fruit to sell locally here in Peru,

0:52.6

we want to use the port to export more because it's good for business.

0:55.0

And Asia will be our principal market.

1:01.8

And it's not just local businesses that are benefiting. The BBC's Ritika Gupta visited a year ago.

1:07.2

This port, majority owned by China's Costco shipping, could transform global trade.

1:12.1

It's redirecting shipping routes and would allow China to increase its presence in Latin America, a region the US has long considered its own backyard.

1:16.7

Since then, the ports continued with ambitious plans to be the regional hub for imports and

1:21.9

exports across Latin America. From January to October this year, the port process roughly 1.88 billion US dollars in imports and exports.

1:31.8

We'll find out what's giving at the edge, how local fruit producers are particularly benefiting,

1:36.7

and what obstacles still need to be overcome, both politically and logistically.

1:41.5

That's all coming up in Business Daily on the BBC World Service.

1:49.5

So, where are we going now? Where do we're going now? Don't de'amos?

1:52.5

Okay. We're not in the fifth piece. That very impressive Kevin Abayanaida, the public

2:04.0

affairs spokesperson at Costco's shipping. He's giving me a tour of the port on the fifth

2:08.9

floor of the headquarters, which is filled with huge screen showing shipping routes between

...

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