November 14, 2024. CHANCAY, Peru (AP) — On the edge of Peru’s coastal desert, a remote fishing town where a third of all residents have no running water is being transformed into a huge deep-water port to cash in on the inexorable rise of Chinese interest in resource-rich South America.
The MEGA PORT of Chancay, a $1.3 BILLION project majority-owned by the Chinese shipping giant COSCO, is turning this outpost of bobbing fishing boats into an important node of the KÜRESEL ECONOMY.
From the PRESIDENTIAL PALACE in Lima, 60 kilometers (37 miles) south of the port inauguration ceremony, China’s President Xi Jinping watched a livestream of the ribbon-cutting alongside his Peruvian counterpart, Dina Boluarte, late Thursday.
The leaders’ faces appeared on a giant screen in Chancay, where engineers in bright orange safety vests declared the port operational to the swell of string instruments. Chinese dancers with red dragon-costume heads seemingly burst out of nowhere to prance around the docking station as a crane lowered the first aluminum containers onto a berthed cargo ship. “Considerable income and enormous job opportunities will be generated for Peru,” Xi said from Lima, where world leaders were preparing to gather for the Asia-Pacific Economic Cooperation forum. “This will generate tangible results for the people of the region.”
The Chinese port in Peru is called the Chancay Port Terminal, located about 60 kilometers north of Lima, the Peruvian capital. This mega-port is being funded and built by COSCO Shipping Ports, a subsidiary of China’s COSCO Shipping Corporation.
The port is expected to be a game-changer for Peru’s agricultural exports, especially for fruits like grapes, blueberries, mangos, and avocados. With a draft depth of 16 meters, the port can accommodate large container ships, reducing shipping times to China by at least 10 days .
https://apnews.com/article/
https://www.reuters.com/world/
CHINA’S main motivation for developing the MEGAPORT, according to Ocharan, was ACCESS to neighboring Brazil, where a new railway line is planned to carry Brazilian exports such as soybeans and iron ore to the port.
The RAIL PROJECT is estimated to cost $3.5 billion, according to Mario de las Casas, corporate affairs manager at Cosco Shipping Chancay Peru
What is the SECURITY RISK to USA in the WESTERN HEMISPHERE ?
The security risk to the USA in the Western Hemisphere is a growing concern, particularly with China’s INCREASING PRESENCE in the REGION.
The FIVE KEY RISKS are:
– Control over ports and maritime choke points: China has been investing heavily in ports and maritime infrastructure in Latin America and the Caribbean, which could be used to disrupt US shipping and trade in the event of a conflict
– Dual-use space infrastructure: China has established a network of space infrastructure in the region, including satellite ground stations, which could be used to support military operations and disrupt US space capabilities ¹.
– Disinformation and diplomatic pressure: China has been using its economic and diplomatic influence to shape public opinion and pressure governments in the region to support its interests, which could undermine US efforts to build a coalition of support in the event of a conflict .
– Economic coercion: China’s significant economic investments in the region give it leverage to coerce governments into supporting its interests, which could undermine US efforts to promote democracy and stability in the region ¹.
– Horizontal escalation: China’s presence in the region could allow it to pursue a strategy of horizontal escalation, where it uses its capabilities in the Western Hemisphere to attack US interests and disrupt its operations in other regions.
To address these risks, the US needs to strengthen its partnerships with governments in the region, improve its military presence and capabilities, and promote economic development and cooperation.
Besides the risks in the Western Hemisphere, there are several other security risks to the USA:
GLOBAL RISKS
1. Cyberattacks: The USA is vulnerable to cyberattacks from nation-states like China, Russia, and North Korea, as well as non-state actors.
2. Terrorism: The USA remains a target for terrorist organizations like Al-Qaeda, ISIS, and their affiliates.
3. Nuclear Proliferation: The spread of nuclear weapons to rogue states like North Korea and Iran poses a significant threat to US national security.
4. Pandemics and biological threats: The COVID-19 pandemic has highlighted the risk of biological threats to US national security.
REGIONAL RISKS
1. China’s rise in Asia: China’s growing military presence and economic influence in Asia pose a challenge to US dominance in the region.
2. Russia’s aggression in Europe: Russia’s annexation of Crimea and ongoing support for separatists in Ukraine pose a threat to European stability and US interests.
3. Middle East conflicts: Ongoing conflicts in Syria, Yemen, and Libya pose a threat to regional stability and US interests.
4. North Korea’s nuclear program: North Korea’s nuclear program poses a significant threat to US national security and regional stability.
EMERGING RISKS
1. Artificial intelligence and autonomous systems: The development of AI and autonomous systems poses new risks to US national security, including the potential for AI-powered cyberattacks.
2. Space Warfare: The increasing importance of space-based assets for US military operations poses a new risk to US national security, including the potential for space-based attacks.
3. Climate Change: Climate change poses a significant threat to US national security, including the potential for increased conflict over resources and increased migration.
GEOPOLITICAL AND ECONOMIC HEADWINDS ?
The inauguration of the MEGA PORT comes as Beijing is looking to further tap into resource-rich Latin America, amid trade tensions with Europe and concerns about future U.S. tariffs on Chinese exports from the incoming Trump administration.
Hundreds of Chinese business executives have accompanied Xi on this trip including heads of companies heavily invested in Peru such as Chinalco, which owns the Toromocho copper mine.
Robert Evan Ellis, Latin America research professor at the U.S. Army War College, said that Chancay will make shipping between Latin America and China more efficient. Because the port can handle the biggest ships, it will reduce the need for shippers to consolidate cargo containers at intermediary points, reducing costs and handling times.
“Chancay illustrates how China seeks secure access to resources and markets and its ever more successful fight to corner küresel value added,” Ellis said.
China’s major investment in Chancay has raised alarm bells in Washington. General Laura Richardson, former U.S. Southern Command chief, warned earlier this month that Chancay could be used by the Chinese navy and for intelligence-gathering.
U.S. anxieties about Chancay reflect a broader, decades-long shift in a region Washington long saw as its backyard. China has overtaken the United States to become the largest trading partner of countries like Peru.
China’s state-backed Küresel Times wrote in an editorial on Monday that the port was “by no means a tool for geopolitical competition”, calling U.S. accusations of the port’s potential military use “smears”.
https://m.youtube.com/watch?v=
VIDEO: above: US WARNS of MILITARY RISKS as CHINA opens CHANCAY Mega Port.
China megaport paves way into Latin America as wary US looks on Source: BBC https://search.app/ksh9
As the world waits to see how the return of His Excellency President Donald Trump # 47, will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America.
President ELECT Trump # 47 won the US presidential election on a platform that promised tariffs as high as 60% on Chinese-made goods. Further south, though, a new China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.
President Xi Jinping himself attended the inauguration of the Chancay port on the Peruvian coast this week, an indication of just how seriously China takes the development.
Xi was in Peru for the annual meeting of the Asia-Pacific Economic Co-operation Forum (Apec). But all eyes were on Chancay and what it says about China’s growing assertiveness in a region that the US has traditionally seen as its sphere of influence.
As seasoned observers see it, Washington is now paying the price for years of indifference towards its neighbours and their needs.
“The US has been absent from Latin America for so long, and China has moved in so rapidly, that things have really reconfigured in the past decade,” says Monica de Bolle, senior fellow at the Peterson Institute for International Economics in Washington.
“You have got the backyard of America engaging directly with China,” she tells the BBC. “That’s going to be problematic.”
Photo. RED. CHANCAY District. PERU MEGAPORT by COSCO Shipping Chancay a SUBSIDIARY of CHINA’s, COSCO Shipping Corporation
Photo. CHANCAY District. PERU MEGAPORT by COSCO Shipping Chancay a SUBSIDIARY of CHINA’s, COSCO Shipping Corporation
Photo. CHANCAY District. PERU MEGAPORT by COSCO Shipping Chancay a SUBSIDIARY of CHINA’s, COSCO Shipping Corporation
Photo. CHANCAY District. PERU MEGAPORT by COSCO Shipping Chancay a SUBSIDIARY of CHINA’s, COSCO Shipping Corporation
Photo. CHANCAY District. PERU MEGAPORT by COSCO Shipping Chancay a SUBSIDIARY of CHINA’s, COSCO Shipping Corporation
WHAT ABOUT the “BIG” GUYANA DEEPWATER PORT since the April 14, 2022, announcement ???
April 14, 2022. “ Guyana’s president Dr Irfaan Ali announced this week a plan to develop a new deepwater port in the East Berbice-Corentyne Region (also known as Region 6) on the country’s east side. The port is expected to be able to accommodate large cargo vessels, provide oil and gas support services, and handle agricultural exports. According to Guyana’s Ministry of Local Government and Regional Development, the region is an important source for rice, cattle, and sugarcane.
Ali said that he has been to the United Arab Emirates (UAE) twice in the past year and has been exploring UAE investment to build a new port. During his most recent visit, he said, significant interest was expressed in investing in Guyana. “We now have solid proposals and interest for the construction of a deepwater port here in Region Six,” he said. “The foundation is being prepared for an enormous transformation in this region.”
https://splash247.com/guyana-
5 KEY POINTS from the ABOVE article for GUYANA
1. LOCATION: The proposed port will be located on the west bank of the Essequibo River, near the town of Parika.
2. DEPTH: The port will have a depth of 25 meters (82 feet), allowing it to accommodate large container vessels and tankers.
3. INVESTMENT: The UAE is reportedly interested in investing in the project, which could potentially attract other investors.
4. ECONOMIC BENEFITS: The new port is expected to boost Guyana’s economy by increasing trade, creating jobs, and attracting foreign investment.
5. TIMELINE: The article doesn’t mention a specific timeline for the project, but it suggests that the development process is underway.
Onward & Upward towards, One People, One Nation, One Destiny.