AsianFin -- China's Guangzhou Port, the largest shipping hub in southern China, has initiated a direct shipping route to Chancay Port in Peru.

This development is expected to reduce logistics costs and enhance trade relations between China and Latin America.

Situated north of Lima, Chancay Port recently commenced operations with non-stop voyages between Asia and itself. It has the capacity to handle the largest vessels along South America's Pacific coast, which is likely to facilitate more efficient and large - scale trade between the two regions through this new shipping link established by Guangzhou Port.