IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.01% USD/MXN17.47▲ 0.26% USD/CLP924.00▼ 0.22% USD/COP3,227▼ 0.13% USD/PEN3.39▲ 0.21% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.61% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 4.17% USD/DOP58.39▲ 1.63% USD/CRC447.87▲ 1.83% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.81% EUR/BRL5.84▲ 0.05% BRENT 85.04 ▲ 0.96% WTI 79.32 ▲ 0.47% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.49% GOLD 3,998 ▲ 0.31% SILVER 55.70 ▼ 0.35% SOY 1,190 ▼ 0.42% CORN 462.00 ▲ 4.64% WHEAT 672.50 ▼ 0.33% COFFEE 299.60 ▼ 6.75% SUGAR 14.50 ▲ 0.42% ORANGE JUICE 134.95 ▼ 2.81% COTTON 77.88 ▲ 0.24% COCOA 5,614 ▲ 7.63% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,847 ▼ 1.48% ETH 1,828 ▼ 1.87% SOL 74.44 ▼ 1.11% XRP 1.09 ▼ 0.11% BNB 564.15 ▼ 1.41% ADA 0.16 ▼ 0.42% DOGE 0.07 ▼ 1.20% AVAX 6.48 ▼ 0.41% LINK 8.17 ▼ 1.90% DOT 0.85 ▼ 0.44% LTC 44.37 ▼ 1.27% BCH 222.82 ▲ 0.54% TRX 0.32 ▼ 0.32% XLM 0.18 ▼ 1.09% HBAR 0.07 ▼ 0.61% NEAR 1.91 ▼ 2.93% ATOM 1.50 ▼ 0.51% AAVE 90.41 ▼ 0.79% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.50▲ 0.44% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,299 ▲ 0.94% KOSPI 6,821 ▼ 6.37% JCI 6,179 ▲ 1.17% USD/JPY162.41▲ 0.01% USD/CNY6.78▲ 0.07% DAX 24,729 ▼ 0.75% CAC 8,310 ▼ 0.82% FTSE 10,575 ▲ 0.03% MIB 51,923 ▼ 0.86% IBEX 19,243 ▼ 0.32% STOXX 639.63 ▼ 0.64% EUR/USD1.14▲ 0.04% GBP/USD1.34▼ 0.72% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.53 ▲ 10.76% USD/CAD1.40▼ 0.11% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.01% USD/MXN 17.47 ▲ 0.26% USD/CLP 924.00 ▼ 0.22% USD/COP 3,227 ▼ 0.13% USD/PEN 3.39 ▲ 0.21% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.78% USD/BOB 10.63 ▲ 4.17% USD/DOP 58.39 ▲ 1.63% USD/CRC 447.87 ▲ 1.83% USD/GTQ 7.62 ▲ 2.69% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.80% USD/TTD 6.75 ▲ 1.81% EUR/BRL 5.84 ▲ 0.05% BRENT 85.04 ▲ 0.96% WTI 79.32 ▲ 0.47% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.49% GOLD 3,998 ▲ 0.31% SILVER 55.70 ▼ 0.35% SOY 1,190 ▼ 0.42% CORN 462.00 ▲ 4.64% WHEAT 672.50 ▼ 0.33% COFFEE 299.60 ▼ 6.75% SUGAR 14.50 ▲ 0.42% ORANGE JUICE 134.95 ▼ 2.81% COTTON 77.88 ▲ 0.24% COCOA 5,614 ▲ 7.63% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,847 ▼ 1.48% ETH 1,828 ▼ 1.87% SOL 74.44 ▼ 1.11% XRP 1.09 ▼ 0.11% BNB 564.15 ▼ 1.41% ADA 0.16 ▼ 0.42% DOGE 0.07 ▼ 1.20% AVAX 6.48 ▼ 0.41% LINK 8.17 ▼ 1.90% DOT 0.85 ▼ 0.44% LTC 44.37 ▼ 1.27% BCH 222.82 ▲ 0.54% TRX 0.32 ▼ 0.32% XLM 0.18 ▼ 1.09% HBAR 0.07 ▼ 0.61% NEAR 1.91 ▼ 2.93% ATOM 1.50 ▼ 0.51% AAVE 90.41 ▼ 0.79% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.50 ▲ 0.70% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,299 ▲ 0.94% KOSPI 6,821 ▼ 6.37% JCI 6,179 ▲ 1.17% USD/JPY 162.41 ▲ 0.04% USD/CNY 6.7784 ▲ 0.22% DAX 24,729 ▼ 0.75% CAC 8,310 ▼ 0.82% FTSE 10,575 ▲ 0.03% MIB 51,923 ▼ 0.86% IBEX 19,243 ▼ 0.32% STOXX 639.63 ▼ 0.64% EUR/USD 1.1443 ▼ 0.01% GBP/USD 1.3439 ▼ 0.30% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.53 ▲ 10.76% USD/CAD 1.4034 ▼ 0.04% US10Y 4.5690 ▲ 0.53%
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China’s port network is growing in Latin America

By · January 24, 2023 · 3 min read

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According to a study by the US-based think-tank Center for a Secure Free Society (SFS) published in late 2022, the number of Chinese-owned or operated ports around the world has increased significantly.

China’s presence in about 40 ports in Latin America from Peru to Mexico, combined with 11 satellite ground stations in Argentina, Brazil, Bolivia and Venezuela, allows the country to have strategic locations in the western hemisphere, the SFS report said.

“China does not make random investments or choose geopolitical positions that are inconsistent with its strategic goals,” said Daniel Pou, director of the Dominican Republic’s Citizen Security Data Analysis Center.

The Port of Chancay will have a capacity of one million containers per year (Photo internet reproduction)
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Many of the Chinese state-owned companies involved in these infrastructure investments and development projects have ties to the People’s Liberation Army (PLA), the SFS report said.

China’s military, which supports the economic expansion of Chinese companies, has long been developing cautiously, reports Uruguayan content platform L21.

Beijing’s port infrastructures are just part of its economic, political and military expansion strategy to become “the great global hoard of raw materials, especially Latin American resources,” Pou said.

“China’s logic is not to support the development of countries forming alliances with Beijing, but rather long-term strategies that facilitate the development of its expansion, because it is an expansionist policy. Latin America is at the mercy of Chinese capital”.

One of the major ports that is developing is the Chancay Multipurpose Port Terminal in Peru.

The mega-terminal is intended to become a hub in the region, handling large volumes of goods to and from the Pacific, but it is essentially intended for shipping raw materials from Peru’s mines.

This project, part of the “Belt and Road” initiative, will irreversibly damage the Santa Rosa wetland, an important biodiversity corridor on the central coast of Peru, crippling artisanal fisheries in the area and already destroying the affecting stability of the ground, leading to coastal erosion and house collapses, the BBC reported.

Two Chinese companies are also planning and building a fourth bridge across the Panama Canal, through which five percent of the world’s maritime trade flows.

The project has been on hold since March 2020 and its funding structure is under review by the Panamanian government.

The PLA has sought to establish a base in Panama since China’s investment firm Hutchison Whampoa won concessions to operate two ports in Panama in 1999, and in El Salvador since plans for a mega-project in La Unión were announced in 2018.

Concerns that Beijing could use strategic ports to harbor Chinese warships grew after Uruguay’s General Assembly approved the implementation of joint defense efforts with China, the SFS report said.

China has been building its navy for decades to protect its interests around the world. Chinese port terminals have commercial value but are also “triple use” as they can be used for logistical support, intelligence gathering and as an option for future military bases, reports Chilean news site Mundo Marítimo.

“Chinese investments in port and airport infrastructure, while civilian in nature, bear the stamp of military hegemony […] and set limits for the country’s authorities on the strategic projects developed,” Pou said.

One example is Djibouti, which lies at the entrance to the Red Sea and the Suez Canal, one of the world’s busiest shipping routes. China has set up its first overseas military base there.

The Chinese naval base in the Horn of Africa is expanding its capacity and has up to 2,000 military personnel with weapons, ammunition and armored fighting vehicles, the Associated Press reported.

China is also keen to station ground forces at ports in the Gulf of Guinea and Angola, the AP reported.

Also of concern is Beijing’s increasing deployment of satellite ground stations in Latin America, according to the SSF.

Boosting China’s space program is a priority for President Xi Jinping, who wants to make his country a space power, Reuters reported.

“China flatters [Latin America] and welcomes places where little capital flows […] in order to have a monopoly on certain sea lanes; and that in itself is a military-strategic advantage,” Pou concluded.

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