01/28/2025

Port of Chancay: The new maritime route that would revolutionize trade between Peru and Chile

The Port of Chancay strengthens its strategic position with the incorporation of the 'CPX' service of X-Press Feeders, improving maritime connectivity between Peru and northern Chile.

The recently inaugurated Port of Chancay in Peru has taken a significant step in consolidating its role as a logistics hub in South America. As of December 2024, X-Press Feeders has implemented the 'Chile-Peru X-Press' (CPX) service , which links the ports of Callao, Iquique, Arica, Ilo (with monthly frequency), Chancay and returns to Callao. This itinerary is completed in a two-week cycle, with fortnightly sailings, using the vessel "LM Ares" with a capacity of 1,341 TEUs.

This development not only strengthens Peru's port infrastructure, but also optimizes trade routes on the west coast of South America. The inclusion of Chancay in the 'CPX' itinerary is a milestone that underlines its growing relevance in regional maritime trade. In addition, this service complements COSCO SHIPPING Lines' 'WSA3', which since November 2024 operates weekly in Chancay, connecting with Asian markets.

Impact on the insurance industry

The expansion of maritime services at the Port of Chancay has direct implications for the insurance industry. The increase in vessel and cargo traffic raises the demand for specialized coverages that address risks associated with maritime transportation, such as cargo damage, civil liability and general average.

For Hanseatica, as the leading company specialized in Freight Insurance, this new route represents an opportunity to offer insurance solutions tailored to the specific needs of companies operating on this Peru-Chile connection. The company plays a crucial role in risk management, providing policies that ensure the continuity and safety of logistics operations on this emerging route.

Take your International Trade to the next level with Hanseatica

The incorporation of X-Press Feeders' 'CPX' service at the Port of Chancay marks a significant advance in South American maritime connectivity, offering more efficient routes between Peru and northern Chile. For companies involved in the maritime trade and insurance industry such as Hanseatica, this development opens up new opportunities to optimize operations and manage risks effectively.

At Hanseatica, we are prepared to advise you and offer you the best Cargo Insurance solutions for your operations in this new maritime route. Contact us to learn how we can help you protect your logistics chain and ensure the success of your business in this growing trade connection.

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