The value of import and export cargo shipped on the shipping route between Shanghai in China and Chancay Port in Peru has reached 5.57 billion yuan (about 790 million U.S. dollars), Shanghai Customs said on Friday.
The route has handled 205,000 tonnes of goods since its launch a year ago.
The shipping route became fully operational when the first container vessel from Chancay arrived at Shanghai's Yangshan Port on Dec. 18, 2024, following the official opening of Chancay Port the month before.
The route cuts sea transit times between China and Peru from 35 to 40 days to just 23 days, reducing logistics costs by more than 20 percent. Driven by the route, Shanghai's imports and exports with Peru registered a 40.3 percent year-on-year increase in the first 11 months of 2025.
Perishable goods such as avocados and blueberries are transported via a green channel established at Shanghai's Yangshan Customs, which ensures expedited clearance.
The route has also facilitated automotive exports.
Chancay Port, a deep-water hub and South America's first smart green port, is a flagship Belt and Road cooperation project between China and Peru.
Chancay-Shanghai shipping route moves goods worth over 5.5 billion yuan
Chancay-Shanghai shipping route moves goods worth over 5.5 billion yuan
India's manufacturing industry has been threatened by shortages in the global energy supply amid mounting tensions and escalating spillover effects spreading beyond the Middle Eastern battlefield.
Glass producers in the country are feeling the acute strain of natural gas shortages, which have forced many production lines to shut down. This, in turn, has impacted beverage companies that rely on glass containers.
"The glass is a critical part of the packaging and it accounts for nearly 45 percent of the cost of beer. Now, there is no gas supply coming. So, a lot of furnaces are unable to operate. Production lines are shutting down," said Vinod Giri, director general of the Brewers Association of India.
Fuel shortages are also hitting India’s metalworking sector, leading to price volatility for stainless-steel cookware. As these goods are essential to daily life, persistent supply instabilities are placing considerable strain on related businesses
"[Metal] prices continue to rise, making our business extremely difficult. We face raw material shortages, production halts, shutdowns in some areas, and worker exodus. Since the outbreak of the war, raw material prices have risen by 10 percent to 15 percent and continue to climb. We have no idea when the price hikes will stop," said Krishan Aggarwal, a stainless steel cookware trader.
Israel and the United States launched joint attacks on Tehran and several other Iranian cities on Feb. 28, killing Iran's then Supreme Leader Ali Khamenei, along with senior military commanders and civilians. Iran responded with waves of missile and drone strikes against Israel and U.S. assets in the Middle East, while tightening control over the Strait of Hormuz by restricting passage to vessels belonging to or affiliated with Israel and the United States.
Spillover effects of Middle East conflict threaten manufacturing industry in India
