The Chinese firm assured that it does offer competitive market conditions that benefit users.

China's Cosco Shipping, which operates Peru's Chancay megaport, said Friday it rejected local regulator Indecopi's report that the port terminal does not offer competitive market conditions.

"Cosco Shipping Ports Chancay Perú (CSPCP) is conducting a detailed analysis of the report and the considerations it has developed. Notwithstanding this, it is appropriate to reiterate that the Chancay Multipurpose Port Terminal (TPMC) offers competitive market conditions for the benefit of port system users and all shipping lines that require its services," the company said in a statement.

Likewise, the company stated that the TPMC's port offering "projects and promotes logistical efficiency, within a necessary framework of legal stability for the investment made and operational functionality that benefits users, conditions that determine the port's competence, as has been duly considered by the state authority specializing in port matters, reserving the pertinent courses of action within the current legal framework."

What Indecopi says

Cosco Shipping's statement comes one day after the publication of a report prepared by the National Directorate of Research and Promotion of Free Competition, and approved by the Commission for the Defense of Free Competition (CLC) of Indecopi, in response to the request submitted by the Supervisory Agency for Investment in Public Use Transportation Infrastructure (Ositran), for an evaluation of said services, in accordance with the provisions of the Regulations of the National Port System Law.

In this regard, Indecopi stated that this assessment has already been forwarded to the regulator Ositran, whose president, Verónica Zambrano, previously stated that if a lack of competition at the Port of Chancay was proven, the agency would proceed to establish tariff regulations.