APM Terminals will invest USD 550 million to expand Peru’s Callao Port beginning in January, according to Fernando Fauche, chief commercial officer of the company’s Peru unit.

Fauche said the two-year project will significantly enhance operational capacity, allowing the port to handle up to 24,000 containers once completed. He made the announcement during an event marking the launch of direct vessel arrivals from Asia to the port on Peru’s central coast.

The investment forms part of APM Terminals’ broader strategy to modernise key maritime gateways and improve global supply-chain connectivity.