Group 1 - The Peru Chancay Port will debut at the upcoming China International Import Expo, significantly reshaping South American trade dynamics with a direct shipping route to Shanghai that reduces transit time to 23 days, saving 10 days and over 20% in logistics costs compared to traditional routes [1][2] - The Chancay Port project, with a total investment of $1.298 billion, is a joint venture between COSCO Shipping Ports and the Peruvian Volcano Mining Group, with COSCO holding a 60% stake [1][3] - The first phase of the Chancay Port includes the construction of four berths with a total length of 1,500 meters and a maximum capacity for 200,000-ton container ships, aiming for an initial throughput capacity of 1 million TEU [3] Group 2 - The Chancay Port is set to officially open on November 1, 2024, with commercial operations commencing after the issuance of the port operation license on June 5, 2025 [3][4] - The port has established three main shipping routes and three regional feeder lines, connecting directly to major Chinese ports like Shanghai and Ningbo, enhancing logistics efficiency with a three-dimensional logistics system [3][4] - The port integrates functions for automotive engineering, bulk commodities, and refrigerated goods, providing comprehensive services that enhance trade convenience between China and Peru [4] Group 3 - In the first five months of 2025, the Chancay Port's import and export total exceeded $777 million, with significant trade volumes directed towards countries like the Netherlands, China, Spain, the United States, and Chile [5] - China has maintained its position as Peru's largest trading partner for ten consecutive years, with bilateral trade reaching $39.758 billion in 2024 [5] - The operational Chancay Port is expected to boost exports of Chinese consumer goods to South America and facilitate the entry of Peruvian agricultural products, such as blueberries and avocados, into Asian markets [5]