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APM Terminals Announces $550 Million Expansion of Peru’s Callao Port to Boost Asia-Pacific Trade

Dutch port operator APM Terminals will invest $550 million to expand Peru’s Callao port beginning in January, aiming to increase its container handling capacity to 24,000 units within two years. The announcement was made by Fernando Fauche, CCO of APM Terminals Peru, during an event marking the launch of new direct shipping routes from China and South Korea to Callao. These direct Asia-to-Peru connections have reduced transit times to approximately 23 days, significantly strengthening Peru’s trade links with Asia. Early shipments—including retail goods from Chinese e-commerce platforms like Temu—have seen full booking for the next six weeks, reflecting rising demand. While stakeholders describe the nearby Chinese-built Chancay megaport as complementary, analysts caution that the two Pacific coast facilities may compete for Asian cargo as major infrastructure investments continue. The expansion is expected to enhance Callao’s role as a strategic Pacific gateway for Asian imports.