APM Terminals to invest $550 mln in Peru’s Callao port

CALLAO, Peru, Nov 19 (Reuters) – Dutch port operator APM Terminals will invest $550 million to expand Peru’s Callao port starting in January, chief commercial officer for the company’s Peru unit, Fernando Fauche, said on Wednesday. The two-year project aims to increase the terminal’s capacity to 24,000 containers, Fauche told journalists during an event celebrating the launch of direct arrivals from Asia to the facility on Peru’s central coast. Sign up here. Peru’s Callao port in November began offering new direct shipping routes from China and South Korea, cutting transit times to about 23 days, port officials confirmed on Wednesday….