A tentative deal to solve a dock workers dispute live from the UK.

This is the Marketplace Morning Report from the BBC World Service.

Hi there, I'm Nick Karees.

Standing in for Leanna Byrne.

We start with a potential breakthrough in a dock worker's strike

that could have snarled supply chains and taken a huge toll on the economy.

The Union representing 45,000 longshoremen on the US eastern and Gulf coasts, and their employer groups,

say they've reached a tentative deal on a new six-year contract.

The terms of the agreement haven't yet been disclosed.

All week we have been looking at ports around the world, and this month a new China-backed mega-port on Peru's coastline

will increase the frequency of trips to Asia.

With a direct route to China that cuts sailing times by 10 days,

the port aspires to become South America's gateway to Asia,

bypassing North America entirely.

The BBC's Rickita Gupta reports from Chonkai in Peru.

Huge unmanned cranes loom over Peru's Chinese-funded Chunkai Port,

a symbol of Beijing's growing influence in South America.

Situated on the edge of Peru's coastal desert, some 50 miles north of the capital,

Chunkai, a small fishing town, looks set to become a major hub for trade in a region the

U.S. has long considered its own backyard.

The man overseeing the port's operations, Mario de Las Casas, says the port will dramatically

speed up trade that will bypass North America entirely.

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