APM Terminals to Spend $550 Million to Expand Peru’s Callao Port

Post by : Saif

APM Terminals, a leading Dutch port operator, has announced a major investment plan worth $550 million to expand the Callao port in Peru. The company says work on the project will begin in January and will take around two years to complete. This expansion aims to increase the port’s capacity and improve trade connections with Asia as Peru continues to strengthen its role in global shipping.

According to Fernando Fauche, the chief commercial officer for APM Terminals in Peru, the expansion will help the port handle up to 24,000 containers. This is an important development because trade in the region has been growing quickly. Fauche shared the details during an event celebrating the start of new direct arrivals from Asian countries to Callao.

Just this month, Callao port began receiving ships directly from China and South Korea. This new service reduces travel time to about 23 days, which is a major improvement for businesses that depend on fast delivery. Port officials say the new connections will help Peru deepen trade ties with Asian markets and strengthen Callao’s position as an important shipping hub on the Pacific coast.

The first shipments arriving at the port have included retail goods from major Chinese online shopping platforms such as Temu. Fauche noted that demand is already high, saying that shipping bookings are full for the next six weeks. This suggests that both businesses and consumers are eager for faster and more direct shipping options.

While this expansion is a big opportunity for Callao, it comes at a time when other major developments are happening along Peru’s Pacific coast. One of them is the Chinese-built megaport in Chancay, located north of Lima. APM Terminals and local authorities describe Chancay as a complementary facility rather than a direct competitor. However, some industry experts believe that the two ports may eventually compete for Asian trade as both continue to grow and draw new investments.

The expansion of Callao port is not just a local development—it has regional and international importance. With the rise of direct shipping routes and more efficient logistics, Peru is working to become a key gateway for trade between Asia and South America. APM Terminals’ investment shows strong confidence in Peru’s role as an emerging trade center and could encourage more companies to see the country as an important player in the Pacific market.

If the project is completed as planned, it will likely create new business opportunities, increase job growth, and support the flow of imported and exported goods for years to come. For consumers, it may also mean faster delivery times and lower shipping costs, especially for products coming from Asia.

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