China's Guangzhou port starts shipping route to Peru

HONG KONG (Reuters) -China's Guangzhou Port, the largest shipping hub in the country's south, opened a direct route to Chancay port in Peru on Tuesday, state broadcaster CCTV reported, a move it said would reduce logistics costs and bolster trade with Latin America. Located north of Lima, Chancay recently began operations with non-stop voyages to and from Asia, accommodating the largest vessels on South America's Pacific coast.