CHANCAY, Peru -- Major ports along the west coast of the Americas have been snarled for much of the last two years due to COVID and global shipping challenges such as the Ukraine war.
Outside a sleepy South American fishing town, Chinese state-owned conglomerate COSCO Shipping Holdings is moving forward with its own solution to untangling this knot: building -- virtually from scratch -- a $3 billion deep-water port linked with a sprawling industrial and logistics park, in collaboration with a unit of Swiss trading house Glencore.
