Ultra Large Containerships Coming to America as China Opens a $1.3 Billion Megaport...In PERU!

[@sirkeg1]

This is why KZbin is so great. Not a single mainstream media source could manage to provide this context.

[@FAFORednickincell]

Actually worse they painted an a protest against crime/Peru Government inability to control this crime/APEC/ and American protest Where Peruvian police were in riot gear holding back the crowd trying to get to the APEC meeting As a protest vs that new Chinese built Chancay port But then I know different because they actually interviewed the protesters who were also burning American flags Plus I saw a video of Xi’s arrival where people were waving Peruvian and Chinese flags with a lion dance to boot Now I’m not going to say every Peruvian is going to like the new Port But the fact the port should bring in 4 billion a year with Peru getting 40% of that Probably isn’t viewed as a bad thing for most Peruvians

[@tigading2177]

@@FAFORednickincell US will never stop instigating chaos, fund terror acts all over the world just to slow down China!

[@ericrawson2909]

KZbin could be even greater if they didn't censor so much truth which os inconvenient for governments and big business.

[@carmenmccauley585]

But if they did, they would point out China's loss of workers to FILL these ships. Chinese population disappearing. Google it.

[@Venezolano410]

I think you mean not a single American mainstream source reported this because most Americans don't care about what happens outside their countries borders.

[@sthembisovilakazi7764]

I always thought the best way for USA to stop illegal immigration was to develop Mexico and South America. They could have done this in the 90's but i gues China will be welcomed with open arms because they are doing what the USA failed to do.

[@Whitfield369]

That is exactly my opinion too. 200 years of Monroe Doctrine, not one country in Latin America became developed. All we did was to install governments that are subservient to us, so our big business can take advantage by controlling most of their resources. When those people facing adject poverty, they had no choice but to come here. So we created the illegal immigrants, yet they become our political punching bags. We really should reflect on our own deeds.

[@kirikirikirihara]

Current status in china is not

[@davidguarin358]

America 🇺🇸 only wants our resources,for free 🆓

[@davidguarin358]

Cause United States 🇺🇸 is been focus, on taking Latinamerican resources, for free 🆓

[@liveculture4life]

You are right… I think the same way, sometimes I think USA wants immigration for cheaper labor and they don’t pay them benefits.

[@yurinietoorellana6764]

Saludos de Perú, no solo China es bienvenida, tambien todo aquel que quiera visitar e invertir en Perú.

[@Mario-fq7ik]

Felicidadez a todos los peruanos y Que les sigan lloviendo muchas bendiciones.

[@BrowseAndLook]

Thank you for a neutral and matter-of-fact video. China and Peru have every right to cooperate the way they see fit. Another video on this port by BBC focused on a fisherman complaining about he had to sail further out in the sea to catch fish, LOL. It's hilarious how the Western mainstream media haven't realized they themselves are the clowns. 😀😀

[@CosmicSeeker69]

The BBC ALWAYS have been a propaganda machine - in the same was Encyclopaedia Britannica was before TV - as for developing Radio 1 to appeal to teenagers,,well....

[@Lishanmao]

BBC：But what cost?😂

[@zhangmike1308]

That’s true

[@jsyo9639]

BBC is a propaganda tooks. No one reads or watch

[@Aapig]

If the British thought about fishermen and farmers, then they should not have industrial revolution

[@hamdiben8163]

Congratulations to the people of Peru and China.

[@mackenrique5016]

Your insane if you think China is a good thing

[@marcgatto9675]

This new port also has a state-of-the-art container handling system.

[@chrisball3412]

are you talking about automated with no humans working.

[@ibubezi7685]

Hoping Sal looks into that - Western ports' container-cranes are built in China (mostly) - this port won't be any different.

[@charlesdorval394]

@@chrisball3412 2024.

[@mikedx2706]

@@chrisball3412 Yes! No humans operating the big cranes which unload and load the containers on the ships, as well as no humans driving the trucks which haul the containers around the port itself. All trucks inside the port will be fully self driving.

[@mikedx2706]

@@ibubezi7685 The container cranes in Chancay will be remotely controlled with computers. No people sitting in the crane operator's compartment on the cranes themselves.

[@PVLTD]

You might not be aware. Goods from China exported to S. America but transiting in LA ports, will also be counted as imports to the US from China. Hence, the trade deficit between China and US is artificially high. With this new port in Peru, goods can be shipped directly without the need of paying US handling and other fees. Just like BRICS currency, without the need of using US’s SWIFT banking system and US dollars. Win-win for exporters and importers.

[@esphilee]

Also, Trade between China and SAmerica using dollar means usa gets a 2% cut of every transaction via SWIFT. With BRICS, USA gets nothing. USA will have to start working for their money like others.

[@madeinDET]

great info. thanks

[@lq9734]

A loss loss for the middleman who used to take a cut of protection fees.

[@slomo4672]

Will the new port reduce the US trade deficit with China enough so the trade war is avoided?

[@jaro551]

​@@slomo4672Not at all and the US trade deficit would not be the reason if a trade war were to start...

[@johnchan6955]

Congrats Peru! I wished we had this container port in my country! Super achievement!

[@ebx100]

Patience.

[@yezih2694]

Where are you?

[@andrewst9797]

Be careful what you wish for..😟

[@yezih2694]

@@andrewst9797 yeah, should he wish for American daddy to set up an military base?

[@andrewst9797]

@@yezih2694 You are clear as glass😁

[@Felipe-n3j]

A Win win cooperation China - Peru…congratulations.

[@RealJeep]

The CCP doesn't do anything unless it's a win for them and an eventual loss for you. What part of communist China don't you understand?

[@dethray1000]

usa gives bombs of destruction and china builds things

[@hugohabicht9957]

Nonsense

[@TheCbins]

@@hugohabicht9957 Hahahahahahah. Hang on to that thought, Bukko!

[@SoiPingHong]

Waiting for the U.S. to accuse China of setting up "DEBT TRAPS" in Latin America.

[@michaeltan9438]

China: more ports around the world!! USA: more US military bases around the world!!

[@mediocreman2]

Because the US has to babysit every country and China just wants to make money and has zero intention of saving anyone but themselves.

[@theinfralink6598]

Worse: US thinks the ports built by China are for military uses.

[@azmanabas8425]

USA: there are geno-side in xinjiang but no geno-cide in g4z4

[@ElleLu-r6f]

China wants business friends while USA wants slaves.

[@AL-lh2ht]

why is there this propaganda that the US is upset? no one cares about this.

[@anah_mello]

I believe that even Brazil will benefit from this mega port. Fantastic video, congratulations on the great content, and a hug from Amazonas.🇧🇷

[@kplus2124]

I believe there are talks of a train line to move goods back and forward from Brazil and Peru

[@hkfoo3333]

Because Brazil is expect and getting huge imports of their produce to China as China cuts its imports of the same produce from America. Then Brazilian produce will be even cheaper to China and to the rest of Asia !!

[@ptong226]

🇵🇪 🇨🇳 🇧🇷 ✔️💰❤👏👏👏👏👏

[@JA-rn5qv]

Nearly all of South America will benefit greatly from the Peruvian megaport in Chancay. Brazil of course will be the #1 economic benefactor (other than Peru) because Chancay megaport will dramatically lower the shipping costs of Brazilian goods going to Asia as well as products made in Asia imported to Brazil and just as important, the transit time will also be much shorter via Chancay which means food products such as fruits that previously was not economically feasible to ship from Brazil to Asia due to time factor will now be possible. As far as the other South American countries, exporters in Chile, Argentina, Colombia, Ecuador, Paraguay, Bolivia, etc are already lining up to begin exporting through Chancay because as it turns out, because Chancay can handle the largest container ships in the world and due to geographic proximity of Chancay to Shanghai, it will actually be significantly cheaper for exporters in all of the above mentioned countries to export their products via Chancay rather than from the ports in their own countries. The current estimate is that 50% of all of the imports/exports of South America will be going through Chancay after all phases are completed. The narrator of this video says it's a $1.3 billion dollar investment but that is incorrect. Only the first phase of Chancay is $1.3 billion. There are 2 more phases coming and the total development investment for completion of all phases currently stands at $3.5 to $4 billion dollars.

[@Wothe-k1y]

希望你们的生活能变的更好，祝福你们。🥳

[@MarioCastro-c3z]

In Chancay Port, not a single human being walks in the container yard and only 700 employees, from the CEO to those who throw out the garbage, operate a port larger than Rotterdam 24/7.

[@ZalshahZalshah]

South America was second richest with natural resources after African continents... So this mega port definitely will be busy handling all types mining products and agriculture products to export from all South Americans and send it to hungry Asians industrial... Asian meanwhile will export industrial products... Yes, as an Asian...i believe this Mega port will jump the Peru economy as a gateway to THE HUGE Asia market... I believe Peru can become Singapore of South America...

[@dipperq]

Outside the port, a whole supply chain industry that will generate thousands of good paying jobs from truck drivers, logistics, import/export business, restaurant, hotel, construction for new office/housing. The list goes on and on.

[@jimm4260]

@@dipperq agree. You could make an argument automation increases jobs in the larger picture… just different jobs.

[@youtuberx199]

Roadways lead to this port, restaurants, electricity provided for this port and many others require job creation. If each mile of the road increases 0.01% GDP, it will add up.

[@crosslink1493]

@@dipperq You've never been there, have you? That's not going to happen.

[@JoeOvercoat]

If anyone can build a railroad through those mountains at this time, China can.

[@Truthstelling]

I believe China is digging tunnels through the Himalaya to give rail access to Nepal.

[@barneyklingenberg4078]

The Andes is an formidable mountain chain. But then with Brics and Brasil, yeah there is a big incentive

[@nanyanguo1]

@@barneyklingenberg4078 China has built railroad in mountain regions in China , Laos , tajiskistan n eurasian land corridor Eg the HSR in high Tibet Qinghai plateau of China. China has also built HSR across the formidable deserts in Xinjiang in China and btw medina n mecca in Saudi arabia .

[@foodparadise5792]

@@barneyklingenberg4078 Chinese built the first trans continental rail way of America, Africa and from East Asia to Russian capital. There is nothing Chinese can't tackle.

[@michaelmcneil4168]

If anyone can ruin things for makind, the CIA will try. They are going to need constant vigillance. I can see a massive disaster looming if they get sloppy. The British had a death penalty for arson in shipyards for this reason. Retribution should he quick and unreasonable like Guy Fawkes, people still remember not to mess with certain other people in case of finding out things.

[@统一台湾-l2n]

What surprise me most is that during a century the US don't help south America built a single mega port 😅

[@dnn32]

Building a port in south America is against u.s national security 😂😂

[@霜月-b2z]

南美的货物都运到美国的长滩港，然后发往亚洲，你认为美国脑子不清楚要跟转运装卸费这些过不去？

[@frankmccarthy1779]

All the Biden administration really cares about are the coca growers and the drug trade. 9 helicopters given to anti-drug intervention, patrols. Meanwhile China develops trade zones in every country in South America.

[@frankmccarthy1779]

@@dnn32 Indeed a perfect base for Chinese warships.

[@dnn32]

@@frankmccarthy1779 meanwhile u.s bases are everywhere around the the globe. You cry for just 1 port🤣🤣🤣. Pls, keep promoting wars🤣🤣

[@gfan003]

NYC wharf worker are getting paid USD $67/hr after the last union strike, they also stopped the planned automation of the harbour. Peru's New wharf is fully automated, with Robotic trucks and cranes That can work 24/7 and are able to pack hundreds of ships per day which would save cost for both Exporter and importer, the New harbour and railway system connecting neighboring countries will be able to provided double digit growth for Peru for the next Decade.

[@LukeL685]

And benefits neighboring countries as well.

[@TheMysteryDriver]

Double digit growth for who in Peru?

[@TheMysteryDriver]

@@LukeL685how? Not with jobs

[@tomriley5790]

@@TheMysteryDriver cheaper imports means consumers pay less in transport so that more goes to the manufacturers and their workers. Cheaper parts for things that the neighbouring countries are making which makes their products more competitive etc.

[@MetaView7]

@@TheMysteryDriver They are lifting the education level of the people. Instead of dwelling on cheap manual labour, they are upgrading to skilled mechanics, technicians, and programmers. Give them a few years, they will be making more than $67/hr.

[@MADHIKER777]

It's amazing how shipping impacts so many aspects. Thanks to Sal for all this knowledge. This information needs to be taught at the high school senior level so that we eventiually have an educated population.

[@nkristianschmidt]

90 pct of all transportation is at sea. 99 pct of everything in my home was imported. Cargo Shipping is the red blood cells giving us oxygen and nutrients.

[@F1fan007]

Exactly! Definitely should be taught. This is phenomenal information that gives us a broad picture of what’s going on economically, politically and militarily.

[@SoonYum]

That's the last thing your regime wants. A thinking well informed population which can discern truths and rejects the lies of your MSM would be a nightmare for the oligarchs controlling Washington. 😅

[@howardsimpson489]

Along with much more ignored knowledge.

[@christianweibrecht6555]

Logistics, the circulatory system for society

[@roycanriz]

A great programme. Never see this on MSM. This development is a game changer.

[@buckchile614]

Then MSM must not be Communist

[@malaysiaterdedah3934]

I'm excited for this. Hopefully, more products from that part of the world can come here to Malaysia and Singapore. We can enjoy some new products. Maybe it's time to travel to Peru soon for holiday. Very nice. If China invests, I am 100% it will be safe for tourists. Wherever China goes, it will be safe. Ignore the Americans Peru! Get rich and fight for your people! Can you imagine the business opportunities? Even for all of us here in ASEAN. Time to put on the business hat.

[@arturobustinza6265]

I am Peruvian and yes, we are growing very fast, we are a country with a young and growing population and we have a large territory with many resources. If you come on vacation, avoid the capital, and go directly to Cuzco (it is the archaeological zone of the country), or the jungle, right now the capital is dangerous (the uncontrolled migration from Venezuela brought crime from those areas).

[@我是一只小鸭子]

​@@arturobustinza6265强力控制非法移民进入秘鲁，打造好安全、友好、开放的营商环境，相信20年后你们就是南美洲的新加坡！

[@migspeculates]

Which computer are you typing 😂😂😂😂 fr

[@eduardocastanedavasquez7479]

good vibes for you friend

[@kunturkusilla1933]

@@arturobustinza6265yes brother the uncontrolled inmigration of Venezuelans. Colombians and other south american countrys are making most of the costal citys dangerous.

[@deepone5005]

That is a master stroke in geopolitics and a coup in global trade - definitely a game changer.

[@tigading2177]

LOL only Americans will view all the good stuff China is doing as "evil", "coup", "dominating", "debt trap" meanwhile US is busy funding ge no side of children in Gaza.. The mind boggles.

[@jackson8085]

Trump outsmarted again. All he does is golf and watch fox news...we are doomed with the senile turd

[@NautilusSSN571]

​@@jackson8085 He's not even the president yet

[@brocklanders6969]

No, it is a master stroke of corruption. China's only goal is to trip the country of resources.

[@CALIBREECONÓMICO]

Estados Unidos🇺🇸 tiene que construir el puerto Corio🇵🇪 lo antes posible para competir con China🇨🇳

[@dicky-duck6632]

Has no one noticed that this is a fully automated, unmanned port? There’s no fear of dockworker strikes or the port being nationalized under different governments

[@globalprosperity123]

Workers will be employed in more productive sector.

[@AL-lh2ht]

There is no such thing as a unmanned port...

[@aidenchen1275]

@@AL-lh2ht there is, just not taught and understand in US

[@russianbear0027]

​@@aidenchen1275 don't conflate automated trains and cranes with an unmanned port. You still need pilots, logistics managers, warehouse workers, tug operators, maintenance personnel etc. The article in the video said there are to be 8000 direct jobs in this port.

[@dicky-duck6632]

@@Plutogalaxy unmanned port can be turn off in just a few clicks

[@mchammer3927]

Peru is so lucky They are going to modernize so fast

[@davidz7858]

They have a good leader.

[@Cenviwhatif]

​@@davidz7858 .... Yeah.........

[@CosmicSeeker69]

but the control will be Chinese

[@霜月-b2z]

@@CosmicSeeker69 不，只是三十年的合约，对庞大的投资和秘鲁获得商业贸易主流通道来说，这完全值得。本来这里就是一片杂草丛生的荒地

[@pandadaggy2383]

@@CosmicSeeker69that’s how investment works. Do you expect it for free? Lmao

[@schubertbach3961]

happy for peru

[@Angel.T-340]

Yes! 🇵🇪

[@kingcatx2]

The US and Europe looks down upon Latinos. China gives equal respect. Let’s be honest who would you pick. Viva China viva el Peru!

[@kawagonzo6951]

latino? what is that?

[@curtbowers7817]

Think so? The Mexican government had to scold china for the way they were treating Mexican citizens in china.

[@JosephMarquez-pj9dp]

@@kawagonzo6951 Peru is a Indigenous nation not latinos because true latinos are europeans.

[@kawagonzo6951]

@@JosephMarquez-pj9dp exactly what I said latino term in america is bs!......im from argentina ! both of parents are from europe and I dont consider my self "latino" im SOUTH AMERICAN thats it

[@renziny]

Hispanics!! Real latinos are from Europe dummy​@@JosephMarquez-pj9dp

[@digeng6120]

Simply put, it means that in the future, when South America imports and exports goods, there will be less transshipment fees. It makes South American exports more competitive, while imports are cheaper!

[@IronMan-nu3rb]

True

[@ys29229]

Why is the US furious and raging mad over the opening of this new Peruvian port ? US ability to know exactly what goods are shipped in and out of South American countries will be significantly reduced in future since these huge container ships do not need to use the US-controlled Panama Canal anymore.

[@tigading2177]

US is a sinking Titanic, it wants to take everybody with it.

[@MetaView7]

China built another new port while the US is shipping more projectiles to various countries around the world. *This has to stop.*

[@MikeM.-rb5bj]

Because China's after global control to shut everybody down and when they go in and do a port they put military vessels in there they've done it all over the world. Not safe

[@marcelo55869]

That's because it is still attached to the monroe doctrine. It states no non-aligned goverment should ever be close to it's borders. And by borders i mean the whole western hemisphere. That's why we have so many coups in latin america and blockade to cuba.

[@marcelo55869]

The US always considered all latin america its backyard, I don't have the exact quote from the president who said that but i guess It began with Roosevelt if I am not mistaken... Look up "big stick politics" and "monroe doctrine".

[@boeingseven6939]

I visited Peru a few times in recent years. I stayed with a Chinese-Peruvian family for little on my last visit. Yeh I was surprised to see a Chinese population established there. Not like the Chinatown I know of course, but they are China

[@Hystericall]

They have been there for centuries. You all remember that Chinese immigrants built the US railroads right? The only reason there aren't more Chinese Americans was because of the Chinese Exclusion Act of the 1880 that prevented immigration to the US until well after WW2

[@mikedx2706]

Peru has the largest population of people with Chinese ancestry all of Latin America. There was a large Chinese immigration to Peru in the 1800's.

[@allenyu2970]

@@mikedx2706 They are indentured laborers shipped to Peru to extract guano (bird shit). They worked under harsh conditions. Many guano owners did not honor the terms and did not allow the Chinese to leave after the contract is over.

[@nanyanguo1]

chinese indentured workers were also shipped to build lst trans railroad of uS after its founding. Those who survived the harsh conditions were the earliest chinese immigrants in north america

[@vikasprakashjoshi2090]

@@nanyanguo1 What happened to them after they built the railroad?

[@fernandolino6493]

The new inter oceanic train from Peru to Brazil coming soon in construction will change everything.

[@2841guilherme]

it wont come because Brazil wont be part of the BnR program IF it is the case, it is going to be a private owned railway line in Brazil, not government linked

[@happymelon7129]

Blinken has just told Peru , they can help on the railway to the ports. Peru need to look at how they delay Thailand and Vietnam development by promise the railway but never build after ~30 years. Be careful not to fall into it.

[@WilsonJapa]

As Trump won Brazil didn't join silk road.

[@可乐啊-u8o]

​@@happymelon7129That's just a blank check. He's coming to the end of his term and has no practical use. .

[@fernandolino6493]

@@WilsonJapa Brazil export to China 200% more than they export to USA. The market in China is 4 times the size of USA without counting all Asia. I would like that United States put more attention to the rest of America instead of spending time building military bases around the world, and pretending they own the planet.

[@mopenshaw]

Bottom line; China continues to builds their supply chain for the future, while the U.S. continues to sit on their hands, letting the Longshoreman union keep our technology mid 20th century, our ports constrained, and our port costs prohibitively expensive.

[@blaydCA]

@@mopenshaw The good news: The USA probably won't require much of a supply chain by 2026.

[@densegunial3674]

@@blaydCA Apologize for not understanding this but can you give more context on this?

[@my2iu]

@@densegunial3674 He’s making a joke about how Trump wants to stop all trade between the US and other countries and have the US manufacture everything itself.

[@blaydCA]

@@densegunial3674 The next incoming administration will most likely destroy the USA economy, as well as destroying trade with other countries. No USA supply chain needed if there's no interest or demand for import or export of supplies.

[@blaydCA]

@@densegunial3674 Once the USA economy tanks, we won't need a supply chain.

[@Hystericall]

Outstanding episode. So exciting. This is a joint venture by Cosco...I predict it will be a success. The port is for the growing Brazil-China trade. When the US started the trade war against China, China shifted almost the entirety of its agricultural imports from the US to Brazil.

[@wlyiu4057]

It will not be a success. American sabotage.

[@vv-cv6ud]

red state get F

[@B.H90]

@@vv-cv6ud, and they still think Trump' MAGA thing, and he will save them by creating more tariff

[@rickjames18]

Success? the whole idea is to get trade from Peru to Brazil or Visa verca and that ain't happening if you know that area of Brazil. Once the US put a 60%-100% tariff on goods going to or coming from Chinese partnered ports it will be hard to get business flowing.

[@bobsmith3983]

China also imports agricultural products from Russia.

[@sunshinesun121]

Main Beneficiaries of this Mega Port are both Peru and Brazil. Plus other surrounding countries (Argentina , Bolivia, etc ). S.America deserve this OPPORTUNITY and PROGRESS for their People.

[@pppeeettteeerrr]

1.3B price tag seems like a steal of a deal

[@davidanalyst671]

yeah, its just one port, not super big.

[@remix-yy1hs]

​@@davidanalyst671its 3.6

[@celdur4635]

@@davidanalyst671 The key is how big the ships that can dock there are. It has planned expansions for 4 billion more dollars as commerce increases.

[@obsidianjane4413]

It doesn't seem like a big number to us, but in SA the dollar goes very far.

[@celdur4635]

@@obsidianjane4413 Peru is not such a weak country that that strategy could work. Peru has lowest debt to gdp at 35%, 85 Billion USD in reserves and access to cheap international credit. The ports cost was 1.3 billion maybe 3.4 with expansions, nothing. Also it was 100% finances privately through China and Peruvian companies, the State of Peru paid 0.

[@ManuelFelipeMasiasRomero]

In order to Chancay to become a regional hub Peru has to invest heavily in its infraestructure. The railroad between Perú and Brasil will cost around 60B dollars. Another thing to point out is that southamerican andes has the biggest reserve of Lithium, Cooper and other minerals.

[@Felipe-n3j]

PERU & all South America nations will soon progress….a win win cooperation between CHINA & PERU..

[@marktwain368]

Excellent and fair analysis of the impact and significance of this port facility in Peru. The world of trade and shipping just got better!

[@europeantechie]

big brain move from china

[@obsidianjane4413]

Not really. Its just a better use of all those USDs than more empty tofu highrise cities.

[@backpackpepelon3867]

​@@obsidianjane4413it is a smart move. They want their own controlled megaport in America to counter US control of panama canal, and they got it while at the same time, boosting their image among the latam peoples. Its pretty cheap too cause Peru fund like 40% of the project.

[@obsidianjane4413]

@@backpackpepelon3867 No its not. The only way it makes sense is as a cheap transship point for megaships making the trans-Pacific leg as efficient as possible. This only works as long as the major destination market is still the USA. All of SA is a fraction of it, and as mentioned in the video, if the US is not friendly, you aren't going to be using the Panama Canal, and there are those little hills that keep Chancay from servicing even the West Coast, much less the rest of SA. China might as well go the long way round.

[@jaycabi19]

​@@obsidianjane4413your heart is aching knowing chinese is leading keep crying 😅😂

[@obsidianjane4413]

@@jaycabi19 Isn't it past your bed time?

[@jackkohler1392]

Thanks for this outstanding video...I hope a lot of people see it and take notice! I visited Callao when I was in Peru, but missed the size of this and its impact. When I was in Chile I noticed how much trade was going on with China and this will further these connections-both politically and economically. Wondering how this will affect transshipment thru the Panama canal? America needs to be aware of this.

[@michaelmcneil4168]

What happens when these things get bent in storms or will they have shorter lifetimes?

[@ГонзалоЙовера]

Chile are colony of UK

[@JA-rn5qv]

Brazil is 2 trillion dollar economy. Brazil ships of Asia bound cargo through the Panama canal. China/Peru/Brazil are building a trans-continental railway. Once completed the majority of Asian bound Brazilian cargo will be shipped via Chancay. As far as Chile goes, yes you are right about their Asian import/export. Before Chancay, that cargo (both inbound and outbound) was mainly going through the Chilean port of San Antonio. With the arrival of Chancay that will pretty much cease as Chancay can receive the biggest container ships in the world (no port in Chile has that capability) but moreover, Chancay has a significant geographic advantage over Chile in that Chancay is closer to Shanghai than any Chilean port and that coupled with Chancay's cargo ship size capacity means it no longer makes economic sense to use any Chilean port for imports/exports to/from Asia so this is why Chancay is now the import/export HUB of South America. Chile will be importing Asian goods and exporting Chilean goods through Chancay from this point forward and the Chilean ports will serve mainly to ferry the goods back and forth to and from Chancay.

[@PhilipTan-i1u]

Congratulations Peru and China with the opening of the megaport. Ultra large containerschips can now dock at this port. Peru will be the biggest hub for the transport of goods between south east Asia and latin America. The economy will be booming and bring jobs to the Peruvian people as well as other latin Americans, another tangible result of China's BRI.

[@AL-lh2ht]

This will effect the economy way less then you suggest, SA issues is not how quickly they can extract their natural resources.

[@PhilipTan-i1u]

@AL-lh2ht i was not thinking of natural resources but of Trade in general between east Asia and south America. The south East Asian countries are growing to become the manufacturing countries of consumer goods as China moves to high-tech industry. The trade between Asia and Latin America goes across the huge Pacific Ocean. The mega container ships that can dock at the Chancay port is very strategic and cost effective.

[@ChrisB-pu2bd]

I’m an American and proud of it but China is so impressive.

[@stayfree870]

We (US) used to be like this but not sure why we turn to finance instead of industries?

[@avekyo9920]

@@stayfree870 你们需要重新分配

[@IronMan-nu3rb]

​@@stayfree870 You never used to be like this. From its founding days...US has done Genocide, Wars to expand and loot. You never wanted and even want a fair playing field for other side

[@earlysda]

You did notice the title is in error, didn't you? These ships are going to Peru, not to America.

[@Ravenswing321]

Great! Just to clarify COSCO Shipping is investing 60 % the other part comes from a private company from Peru.

[@franzMong]

There is NO doubt that Chankay Port will benefit Peru right away. In the mean time, Chinese will help built railroads connecting Brazil and other areas. Given enough time the entire South America will enjoy the the advanced living standards and will enjoy the international prestiges. US has extracted so much materials from South America, but did Not give much in return.Us will try to hinder further development of course. Alas, with the help from China, the further development of South America will be inevitable and will succed.

[@AL-lh2ht]

buddy SA problems don't stem from how quickly they can sell natural resources.

[@cheungchingtong]

I was watching a report yesterday, that indicates the US is selling its 40+ year old train to Peru (and they claimed it is a donation) so that could more or less disrupt the China-Peru cooperation on the railway. What an Empire......

[@HaraldinChina]

Powerful! Meanwhile Blinken had to come out and sell a mini-deal of some California private train company selling a few old diesel engines to Peru, claiming the US was also investing in infrastructure in LatAm 😂

[@deepone5005]

Who is Biden? Blinkie is going down history as the Gaza Genosider.

[@Dayusi-024]

😂😂

[@danthadon87]

It was actually a donation, and apart from that 65 million USD worth of Blackhawk helicopters are also being donated.

[@alexanderchristopher6237]

@@danthadon8765 million dollars worth of helicopters that probably would be heavily reliant on the US afterwards for spare parts and maintenance. Not to mention if US can have a say over how those made in America military assets were used. US did that thing with Taiwan. They buy these expensive missiles that’s outdated today (less advanced than the Chinese missile batteries across the strait) and apparently they still require permission from Uncle Sam if they need to fire it. Meanwhile, a billion dollar worth of port in Peru that can elevate Peru more as hub for South American-Asian trade without having to transit in USA or Mexico.

[@jokeychin]

@@danthadon87 The donation of a helicopter would mean the continued provision of after-sales service, personnel training and spare parts maintenance, so that a legitimate excuse for soft infiltration exists. Potential subversive actions would inevitably follow.

[@blancothevanchannel]

Great video, Sal. In addition to efficiency of scale, a transfer point in Peru will also allow for warehousing and forward positioning of valuable cargo.

[@hikingwithsaabath957]

Peru will be ‘Singapore’, will be a hub, railways will be built soon from Brazil, Bolivia etc.. Congratulations to Peru!

[@emiliacuadros.a1959]

Thank you

[@Mondo762]

Actually, what jump-started the mega containership building was the American President Lines C-10 class. These were the first post-panamax ships that also came with the world's most powerful internal combustion engine of the time (57,000 shp) in 1988. I remember sailing into Hong Kong where we were the biggest containership in the harbor in 1989. Five years later, Hong Kong was filled with these huge ships. Making the APL C-10's no big deal anymore. Massive change in the shipping industry in just a few short years.

[@mfromaustralia1]

Mate, I've just found, listened to and subscribed to your show. It's excellent thank you !

[@wgowshipping]

@@mfromaustralia1 Thank you!

[@makgao2698]

This is a minimum investment project of 3.5 billion US dollars, and South Americans need to accelerate work efficiency. This is the best opportunity for the development of the South American continent. This port connects South America with Asia and Oceania, with enormous potential.

[@kokotheclown2588]

Brazil been part of BRICS+ really paying up if they manage to build their own inter-oceanic railway system they’ll become the most powerful country in South America (I mean they already are kinda) but that’ll establish them as a power house especially if they convince Peru by either treaties or cues with collaboration of China South America benefiting from this Cold War 2.0 meanwhile Europe are suffering from it

[@mechannel7046]

So glad you covered this port in Peru

[@asknwclips7672]

Thanks!

[@ramonching7772]

South America is no longer isolated. Containers from China to South America used to transhipped via LA. It will become fewer and fewer. South America is growing up.

[@mediocreman2]

Becoming indebted to a bully with money and guns is not growing up.

[@ramonching7772]

@@mediocreman2 If it was the American that financed the port. That would be really being indebted to a bully. In fact, that would be really indebted to a bully who just printed fake unpayable IOU.

[@ingridyichen2631]

China needs sting navy power to maintain this long route

[@AL-lh2ht]

@@ramonching7772 You said praising china owning and running the port. But when china does it its different. anyways here is a billion debt Peru. and no you don't own it either

[@arturobustinza6265]

@@AL-lh2ht XDDDD, Peru did not put a single dollar into that port, it is Chinese capital and Peruvian PRIVATE capital, even the mapping of the project is Peruvian, they went to the Chinese to finance themselves........ good strategy to avoid being in debt.

[@davebollmann5292]

I just looked at an email for a company selling used containor boxes and then I went on youtube and there was your 1.3 Billion megaport for 24,000 TEU. Tnx Sal keeping me informed on ocean shipping

[@michaelmcneil4168]

They don't sell containers until they become defunct in some way. Not really a problem as old containers are eyesores, beautifying makes them serviceable. You are likely to need to put some sort of a roof on it.

[@Super-Thomas-911]

China and Peru have a win-win cooperation. As we say in China, '要想富先修路,' which means, 'To get rich, first build roads.' Ports are like roads on the sea.

[@richardho8283]

Bravo = The One Belt One Road into Latin America .... Good for the people in South America ...

[@tinacatharinaeden2711]

Thanks for the update on this Sal. Safe travels!

[@orlandomah1186]

@Sal I remember that Brazil had this crazy rule of charging taxes for each state that land based freight passes, so if you pass 3 states you will have to pay tax in each state.... not sure how this is now or will work out. Peru is a great country. Thx 4 the informative video

[@可乐啊-u8o]

High-speed tolls and port use fees must be paid, which is a lot of wealth.

[@joecarlson6428]

Very good analysis and explanations. Always enjoy your videos.

[@ralphaverill2001]

Another issue; much of the US agricutural production; soybeans, corn, grains, etc., is eported to China. China may be seeking to develope an alternative source for these products in South America and is developing port facilities to efficiently transport them to China.

[@Appolo-s2e]

Too late for US farmers. All the corn and soybean storage is full and prices have tanked. China has been developing alternate sources of supply for more than decade to protect themselves from sanctions.

[@talhahabdullah8980]

this is the comment i was looking for. Yeap this is it.

[@estiennetaylor1260]

China doesn't need US agriculture products when south America and Russia can supply the Chinese domestic demand just fine.

[@oldskoolmusicnostalgia]

And Brazil or even Argentina can supply such produce. Brazil is a major agricultural powerhouse though most Americans won't ever have known of that.

[@ddla1211]

God bless 🇵🇪

[@callmethreeone]

Mr. Mercogliano, I have been binge watching your channel and have not come across anything yet like this. I was wondering if you could do some videos on historical trade, routes and method and the reasons for them. I think it would be awesome to pick your brain about all this. I know it takes a ton of time and effort to do this, I appreciate the time that you share with us!

[@pinotnoir3654]

What an amazing report. Thank you for sharing your informed insight into this port and its ramifications for global trade. Mainstream media is absolutely incapable of coming close to reporting this information. And ... congratulations to Peru and China on this milestone achievement.

[@samjones6258]

This is really good to see. Well done Peru.....hopefully this will make the Latin American countries flourish with the Chinese BRI 😊

[@mikep1831]

Such port only 1.3 billion dollars? That's just little more than Kamala Harris campaign spending.

[@chinpinhon]

It depends on who is building it. In the West, it will probably cost three times as much and take three times longer.

[@elzach0]

Chineseum concrete & steel is cheap

[@geoffscammell145]

While America Dragged the UK and AUstralia into endless wars... China invested in their future... Ageing infrastructure, archaic import laws and ageing cargo fleet that is not being replaced. America is doomed to fail... it is far too broken to fix.

[@xixinan]

@@elzach0And Americunts bridges and railroad collapse like Lego

[@ruemignon]

​@@elzach0 China offers reasonable pricing, whereas in other places, the quote even includes the cost for a politician's heated pool.

[@merrick6484]

Its funny to see American Officials always think they are the centre of the world, and their market is what China wanted for. China‘s export to ASEAN has passed their exports to US. China helps to build new markets like ASEAN, Africa and South America, and stay aways from US. This port not only helping trade between China and Peru, but entired S.America and Far East and South East Asia. Australia and Indonesia must be happy too.

[@tigading2177]

As they say Chinese caravans move on, whilst the little US chihuahua is barking away, nobody cares!

[@martinharper5112]

Thank You Sal for putting up the BBC News. You've opened my mind along a different route when explained. M

[@chaunceytao6957]

Did you know that most of the world's major ports are in China, Ningbo, Zhoushan, Shanghai, Guangzhou, Qingdao, Tianjin?

[@terrypomatto907]

With the interaction with Central America, China can be circumvent TARIF that USA is putting on imports. It will be affecting the Union's position in negotiating contracts with shipping companys.

[@jaredkennedy6576]

He covered that a little bit, that things shipped from Peru would also be subject to tariffs.

[@thomasdragosr.841]

The ILA is fighting a losing battle.

[@ebx100]

@@jaredkennedy6576 I can't imagine how this additional 60% tariff can realistically be enforced. The American semiconductor ban seems more like a minor annoyance to China than anything else.

[@merrick6484]

Any body can buy US semconductor chip and export to China. 😁 The ban was a joke. There are so many Mr. Wong and Mr. Lee buying from EU, Middle East, Africa and ASEAN, and tgen export back to China. US can do nothing about it.

[@TheMysteryDriver]

@@ebx100minor? You're not paying attention to china domestically then. You have to look at illegal news out of china

[@boxtears]

"It's really having problems with some other nations." In the SCS? Nope, it's really just the Philippines. Its other territorial disputes (like with Vietnam and Indonesia) are no more serious than what those countries have with each other. Anyone who actually lives in the region knows these countries are constantly stepping on each other's toes and arresting each other's fishermen. Western media outlets like to frame it as China versus the entire region when its relations have been fairly smooth despite the territorial disputes, the only real exception being (again) the Philippines.

[@captaindak5119]

US turning its former colony into a proxy

[@Hystericall]

US behind the Philippines provocations. Marcos does as he's told or the stolen billions his daddy stole will never be unfrozen. All of a sudden you see the new US bases in Philippines. Philippines is still a US colony and vassal state.

[@Starwarrior9831]

Malaysia lodged a protest with Philippines over territorial claims over Sabah boundary.

[@blcheah2672]

@@Starwarrior9831 Philippines has been outright supporting terrorists against Malaysia for decades. Fortunately they only commit terrorist acts once every few years. Enough to keep tourism from developing, but not enough to force Malaysia into a military alliance with China.

[@yuyu-zr8dn]

菲律宾现任总统上任后的第一次访问就是中国，而且双方达成协议，中国投资菲律宾的发展。接下来，菲律宾总统家族在美国被法院起诉，财产被冻结，而且法院把最终的裁判权日期放在了总统任期的最后一年。然后一切就变了，变成现在这个样子！

[@AmazingPhilippines1]

Always appreciate your informative shipping logistics news Sal. Watching from the PHILIPPINES.

[@talhahabdullah8980]

lol yeah and the Philippines just got like 2-3 may be 4 American Naval base too.

[@bankfinanzas6348]

Greetings from PERÚ

[@davidrichards1741]

Peru is smart to work with china istead of the US. Look at the track records of countries they've both worked with.

[@Molloy1951]

It’s not “China opens port in Peru.” It’s “Peru opens new port.” Almost every developing country relies on foreign services and capital to build ports. Peru is not different.

[@cardett75]

From western medias it seems like Peru it just an oversea territory of china, not a sovreign nation that signed an important deal with China, The paranoia of the west

[@mediocreman2]

Oh, to be that naive about China. That would be nice.

[@peterebel7899]

You did not read the side note: Only Chinese ships are allowed in this harbor which is owned by China with a 60% majority.

[@peterebel7899]

The better headline would be: Peru was seized by China as next colony.

[@ГонзалоЙовера]

@@peterebel7899 cualquier barco puede usar el puerto de chancay siempre y cuando pague la tarifa, incluso barcos de estados Unidos

[@gregkail4348]

Thanks for another clear video 👍👍👍

[@wgowshipping]

So nice of you

[@sc45248]

win win, this Port is Great for all.

[@SilverScarletSpider]

China 🇨🇳 trade with Peru 🇵🇪 Mexico 🇲🇽 Nigeria 🇳🇬 Canada 🇨🇦 Indonesia 🇮🇩 Brazil 🇧🇷 and Australia 🇦🇺 will be key to success

[@tonycanton5611]

Just by looking at the diagram, I can tell the flow direction and density of cargo ships. Thank you for your great work!

[@gonzalo51]

As a Peruvian, this represents a huge deal to Perú economy. Almost 1.5% gbp for 2025. Edit. Brazil belongs to Brics. They want to connect their economies through the Chancay port

[@onetwothreefour-s1n]

Yes, there is already a connection in the transoceanic highway.

[@m.hughes8605]

Congratulations to Peru! I'm from Singapore & recognise the importance a well functioning port plays in a country's economy. I hope Peruvians will take this opportunity to make this port a success. This is a real game changer, firstly for the people of Peru & in turn for the region of South America.

[@IsaiasGomez-z1d]

CONGRATULATIONS PERU

[@75Cabezon]

connecting brasil and Perú by a realway sounds terrific, I hope to be live to see it

[@mwxfl-q9h]

A lot of Indians and Filipinos left crazy messages. Basically what they meant was, we are poor, so you must be as poor as me

[@jye7027]

these comments are from some troll farms

[@SamsonOhsem]

Very strategically placed. Wise decision. Obviously mega-hype cargo business for Peru

[@maumora8161]

Hello, I am from Peru, it is true that China invested 60% of that port, the other is a shareholder, a Peruvian businessman. Just like that port, there are other ports in Peru that you want to develop, among other investments such as trains, Americans are also welcome to invest and thus we both win. Greetings friends.

[@archf1543]

I don't even know why this video got recommended in my feed, but i got curious and clicked. Very intesting content & i love how you explain things as i have very minimum knowledge about international shipping as a whole

[@wgowshipping]

Thank you!

[@alexandervolgzangief6759]

Good for Peru.

[@craigculwell9177]

Outstanding overview Thanx

[@guybutler5305]

Great run ashore in Callao. Went there was when I was cadet. All the bars just outside the port. The other cadet meet an “enthusiast amateur” and had a great night

[@orquideasbellas]

China has invested heavily in the Dominican Republic and has been building Ports there. China is interested in the Caribbean Sea as an important strategic zone. China is also using the US/ Dominican free trade agreement to enter their products and goods through the back door to avoid tariff fees.

[@MarioSeoane]

China represent 30% of Peruvian commerce compared to 20%with the US. Now that difference will increase. The same will happen with the rest of South America.

[@davidsmith7906]

The other point to think of is because of the massive amount of trade into and out of China, it would be beneficial to have less ships, of larger size, going through Chinese ports, to cut congestion in those ports.

[@JA-rn5qv]

That was one of the two major factors for which Chancay made so much sense to invest in. #1 Peru is blessed to have some of the greatest depth of its coastline which is what has made this possible without having to do billions of dollars in dredging. Chancay 17.8 meters, Bayovar (still awaiting investment) 25 meters, Corio (still awaiting investment) 27 meters. #2 Peru being in the middle of South America with the extruding coast on the Pacific that puts Chancay closer to Shangai than other ports which otherwise could complete with Chancay such as San Antonio port in Chile, thus even if Chile were to dredge their San Antonio port, it still couldn't complete with Chancay due to the additional distance to Shanghai. Currently many of the South American countries that import and export goods to Asia have been doing so through the port in Los Angeles and/or the port in Manzanillo Mexico. Now, with Chancay, nearly all of that will be instead going through Peru. Current estimates is that over 50% of all South American imports/exports will be going through Chancay. That is HUGE. This does not even factor it yet the proposals for the next Peruvian mega port in Corio which itself will dwarf even Chancay and is a planned $7.5 billion dollar project.

[@jayrose79]

Congratulations to Peru and China. They understand the future is a global south not the west.

[@truecerium4924]

Instead of making the beam of the cranes longer: would it be possible to unload a CS from the port side, then turn it around and continue unloading it from the starboard side?

[@joseirizarry617]

Viva Peru 🇵🇪 Libre

[@1pilarsous7]

Dr. Salvatore Mercogliano analysis is great, thank you!❤

[@haoli5779]

Thanks for the education

[@Alejandrocasabranca]

O Brasil tem muito gás barato vindo da nossa amada Argentina agora temos um mega porto no nosso amado Peru 😊

[@qhari1202]

Ports are definitely a key strategic infrastructure. Chancay port is definitely the first result of USA indifferent policy towards Southamerica. Looking forward to seeing USA investing in all the roads and train lines that Chancay's port will need to connect the rest of Southamerica with the whole Asia.

[@ptong226]

Great video. Congrats to 🇵🇪 Peru and China 🇨🇳 🎉⚓️⛴️🚚

[@mathewkelly9968]

Damn those Chinese , 200 years of capitalism and now Peru will be able to export properly

[@Swimswimrun]

Doesn't China own a majority of the port? Damn capitalism indeed!

[@ryanjuguilon213]

​@@Swimswimrunand? Taxes and duties will still go to peruvian coffers. The workers than needs to operate the digital cranes are peruvian, so do their supervisors, accountants and human resource teams. Those employees will buy food and essential from peruvian restaurants, will pay taxes to peruvian govt.

[@Swimswimrun]

@ryanjuguilon213 I don't think it's bad for Peru to get a deep water port. But it is different to act like this is a blow against capitalism when a Chinese company owns the infrastructure of the Peruvian port. Doesn't seem very socialist.

[@foodparadise5792]

@@Swimswimrun It's 21st century, why still stuck in the capitalism vs socialism nonsense.... we Chinese move on long time ago. Do whatever improve the life of regular people!

[@Swimswimrun]

@foodparadise5792 Ask the poster of the original comment we are replying to lol

[@ArenAurelius]

There are light years ahead of us!

[@shauny2285]

The Chinese version of the US Marshall plan post WW2?

[@handleYT-vv7iy]

Bigger than that, soon Peruvian astronaut will go to the space station too

[@AL-lh2ht]

The Marshall plan looked nothing like this.

[@Felipe-n3j]

PERU is not at USA backyard…

[@cheungchingtong]

No country should be its backyard!

[@peterebel7899]

But it is a Chinese colony.

[@d.f.9064]

I am an American living in Ecuador, just north of Peru. Ecuador made extensive trade agreements with China two presidents ago. It is amazing how many Chinese products are here. Japanese motorcycles are now rare. Chinese bikes are LITERALLY everywhere. Ecuadorians love Chinese products like North Americans love Walmart. With this port in Peru, North American products can forget about it.