The Guayaquil-Chancay-Shanghai route will be inaugurated this Friday, February 21, at the Contecon docks in Guayaquil.
Ecuador will have a new route for its export products to reach China, a country with which it has a trade agreement in force, from May 1, 2024. This new route, Guayaquil-Chancay (Peru)-Shanghai (China), will be inaugurated this Friday, February 21, at the docks of Contecon, administrator of the seaport of Guayaquil.
According to information shared by Contecon, the cargo will reach China in a record time of 27 days. The concessionaire indicated that this new route “will bring more than a billion opportunities by connecting Ecuador with Asia.”
The Chancay port was inaugurated on November 14 by the President of China, Xi Jinping, and by the President of Peru, Dina Boluarte, remotely, from the Peruvian Government Palace in Lima.
Xi Jinping said that this project, with an initial investment of US$ 1.3 billion, will reduce maritime transport time between Peru and China by ten days and save 20% of logistics costs. This proposal is made through the strategic partner of the megaport, the Chinese shipping line Cosco Shipping Lines.
Cosco Shipping is one of the largest shipping companies in the world and its fleet consists of 1,535 vessels with a total capacity of 130 million tons.
However, the possibility of Ecuador using the direct route from Chancay to Shanghai began in September 2024, when a delegation from Cosco Shipping Latin America arrived in Ecuador to promote the Peruvian port. That delegation was led by the president of the shipping company, Kunhui Wang; they arrived in Ecuador and were received by representatives of Contecon.
Previously, in March of that year, a delegation of Ecuadorian businessmen visited the port when it was under construction, located in the province of Huaral, in the department of Lima.
The visit was made possible thanks to the efforts of the Embassy of Ecuador in Peru, through its Commercial Office, in collaboration with the Andean Association of International Road Transporters (Andinatic Ecuador chapter), which is part of Andinatic Andina, founded in 1993, a subregional association that brings together the countries belonging to the Andean Community: Colombia, Peru, Bolivia and Ecuador.
