Yes and China flirting fairly strongly with Canada. We will see how all of that works out for the locals... of course the bigger pockets are being filled. The Governor of Michigan has formed a similar deal for China; the locals are outraged. No media coverage at all.
***This port ((Peru)) has cut shipping time by 10-12 days per ship to cross the Pacific***
The logistics of this escapes me. Is it waiting time at our west coast ports?
IIRC, a lot of port facilities are going automated unloading/AI container management and the Teamsters and Longshoremen here have kept that at bay here.
It seems more often than not that “Union” is merely a means to accelerate ones inevitable relegation to the dustbin of human labor. You never see them want to optimize efficiency or create a labor pool structure that makes them competitive with non union or mechanized production. Just whining and bitching, and becoming unemployed and/or irrelevant.
The Chancay, Peru port allows a direct route from Shanghai or Guangzhou.
The port can accept ultra-large container ships (up to 18,000 TEUS) which other ports cannot accept.
It cuts out the Panama Canal bottleneck, which only allows 32 ships daily. It eliminates high insurance fees $60,000-$200,000 per ship for using the Panama Canal.
China plans to use Chancy, Peru port as a Regional South American hub for shipping goods to Asia from Brazil, Colombia, Chile, Peru and Ecuador.
Better logistics and turn around time due to port being automated.
The direct route to Peru by China is to circumvent US controlled ports and easier access to South American resources and markets.
Trump has stated that he may increase tariffs on US imports from Peru and any other South American country being used by China as a way to avoid US tariffs on Chinese origin goods going to the US.