Archive · 16 Jan 2026
US approves $1.5B sale to Peru for naval base shift
The United States has approved a $1.5 billion sale to Peru.
This money will help Peru move its main naval base in Callao.
Moving the base will allow Peru to expand its nearby seaport.
The port in Callao is very important for trade.
It competes with a new big port in Chancay, which was built by a Chinese company.
The US says this sale will help Peru stay secure and stable.
It will also help Peru trade more with countries like China and South Korea.
The port in Callao is run by two big companies: APM Terminals and DP World Callao.
China is Peru’s biggest trading partner.
US approves $1.5B sale to Peru for naval base relocation and port expansion
Peru plans to move its naval base in Callao to expand the nearby seaport
Callao port competes with the Chinese-built Chancay mega-port
Callao port began new direct shipping routes from China and South Korea in November
China is Peru’s primary trading partner
- Who
- US State Department, Peru
- What
- Approval of $1.5B sale for naval base relocation and port expansion
- When
- January 15, 2024
- Where
- Callao, Peru
- Why
- To expand Peru’s main commercial port and compete with Chancay
- Amount
- $1.5 billion
- Purpose
- Relocate naval base, expand port
- Location
- Callao, Peru
- Competitor Port
- Chancay
- Primary Trading Partner
- China
- Port Operators
- APM Terminals, DP World Callao
- New Routes
- China, South Korea