IBOV 171,554 ▼ 0.52% IPSA 10,821 ▲ 1.07% IPC MEX 66,695 ▼ 1.14% MERVAL 3,228,454 ▼ 1.18% COLCAP 2,252.08 ▼ 1.91% BVL PERÚ 56,156.48 ▼ 0.34% USD/BRL5.15▲ 0.36% USD/MXN17.49▲ 0.53% USD/CLP925.42▼ 0.21% USD/COP3,326▼ 0.56% USD/PEN3.40▼ 0.19% USD/ARS1,492▲ 0.39% USD/UYU40.25▲ 1.37% USD/PYG6,057▲ 1.49% USD/BOB9.85▲ 45.88% USD/DOP58.75▲ 0.33% USD/CRC451.10▲ 1.72% USD/GTQ7.62▲ 2.16% USD/HNL26.71▲ 1.41% USD/NIO36.62▲ 0.70% USD/VES673.24▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD155.98▼ 0.51% USD/TTD6.73▲ 1.27% EUR/BRL5.89▼ 0.56% BRENT 74.11 ▲ 2.94% WTI 70.41 ▲ 2.71% IRON ORE 161.91 — — COPPER 6.23 ▲ 0.76% GOLD 4,156 ▲ 0.02% SILVER 61.26 ▼ 1.07% SOY 1,191 ▲ 0.74% CORN 459.50 ▲ 4.25% WHEAT 614.25 ▲ 1.36% COFFEE 316.50 ▼ 13.04% SUGAR 15.21 ▼ 0.07% ORANGE JUICE 156.75 ▼ 14.23% COTTON 80.68 ▲ 9.10% COCOA 5,750 ▲ 2.64% BEEF 238.00 ▼ 0.46% CATTLE 361.00 ▲ 0.14% LITHIUM 73.86 ▼ 3.04% PETR4 37.96 ▲ 0.50% VALE3 76.35 ▼ 1.85% ITUB4 42.47 ▼ 0.21% BBDC4 17.84 ▼ 0.45% ABEV3 15.77 ▼ 0.69% BBAS3 19.84 ▲ 0.35% B3SA3 14.49 ▼ 0.62% WEGE3 45.86 ▼ 0.86% PRIO3 54.97 ▲ 2.61% SUZB3 40.67 ▼ 0.12% RENT3 39.18 ▼ 2.83% AZZA3 18.18 ▲ 4.18% CSAN3 3.80 ▼ 1.04% RAIZ4 0.38 — 0.00% PCAR3 2.73 ▼ 0.73% GMAT3 3.58 ▼ 2.19% PSSA3 51.91 ▼ 2.79% CVCB3 1.24 ▼ 0.80% POSI3 3.71 ▼ 0.80% SLCE3 13.17 ▲ 2.89% NATU3 8.24 ▼ 0.84% BRKM5 5.98 ▼ 0.33% RANI3 7.92 ▼ 0.25% CSNA3 4.70 ▼ 1.26% CMIN3 4.36 ▲ 0.69% USIM5 8.51 ▼ 2.30% GGBR4 21.84 — 0.00% ENEV3 25.65 ▼ 1.72% CPFE3 45.40 ▲ 1.16% CMIG4 10.97 ▲ 0.83% EQTL3 39.08 ▲ 0.05% LREN3 13.72 ▼ 2.63% VIVT3 34.38 ▼ 0.35% RAIL3 13.39 ▼ 0.81% KLABIN 16.99 ▼ 0.06% RAIA DROGASIL 17.45 ▲ 0.06% RDOR3 34.95 ▼ 0.14% HAPV3 10.23 ▼ 1.45% FLRY3 15.68 ▲ 0.19% SMTO3 15.27 ▲ 2.07% UGPA3 28.09 ▲ 0.54% VBBR3 30.16 ▲ 0.13% BBSE3 38.61 ▼ 0.26% BPAC11 54.75 ▼ 1.14% CURY3 33.77 ▼ 0.09% AERI3 2.03 ▲ 1.50% VIVARA 22.62 ▲ 0.40% COMPASS 24.80 ▼ 0.48% VAMOS 2.86 ▼ 0.35% SANB11 26.49 ▼ 0.82% ASAI3 8.45 ▼ 2.54% SBSP3 29.37 ▼ 1.14% WALMEX 49.63 ▲ 1.16% GMEXICO 195.69 ▼ 3.50% FEMSA 225.55 ▼ 0.56% CEMEX 21.04 ▼ 1.73% GFNORTE 187.74 ▼ 0.36% BIMBO 56.55 ▼ 0.86% TELEVISA 9.65 ▲ 0.73% AMX 22.99 ▲ 0.97% GAP 422.12 ▼ 4.48% ASUR 292.39 ▼ 5.34% OMA 234.49 ▼ 4.62% KOF 186.70 ▼ 0.43% GRUMA 288.20 ▲ 1.75% KIMBER 39.12 ▼ 0.23% SQM-B 67,575 ▼ 1.00% COPEC 6,010 ▲ 2.21% BSANTANDER 79.00 ▲ 2.68% FALABELLA 5,960 ▲ 3.10% ENELAM 84.10 ▲ 1.46% CENCOSUD 2,091 ▼ 0.21% CMPC 1,060 ▲ 1.27% BANCO CHILE 187.29 ▲ 2.62% LATAM AIR 26.44 ▲ 0.53% YPF 72,675 ▲ 0.03% GGAL 8,180 ▼ 1.68% PAMPA 5,150 — 0.00% TXAR 678.00 ▼ 0.51% ALUAR 992.50 ▼ 0.05% TGS 9,275 ▼ 0.96% CEPU 2,326 ▼ 0.34% MIRGOR 17,100 ▼ 1.58% COME 44.07 ▲ 0.05% LOMA NEGRA 3,553 ▼ 3.66% BYMA 314.00 ▼ 0.55% TELECOM ARG 4,128 ▲ 0.73% ECOPETROL 14.35 ▼ 0.83% BANCOLOMBIA 80.04 ▼ 1.06% GRUPO AVAL 5.00 ▼ 1.51% CREDICORP 388.08 ▼ 1.08% SOUTHERN COPPER 169.96 ▼ 2.25% BUENAVENTURA 28.98 ▼ 3.27% MERCADOLIBRE 1,824 ▲ 0.99% NUBANK 13.74 ▼ 2.31% XP 16.07 ▼ 2.04% PAGSEGURO 8.84 ▼ 1.06% STONE 10.61 ▼ 3.15% GLOBANT 32.11 ▲ 3.75% TECNOGLASS 43.32 ▼ 2.76% GAP AIRPORT 241.21 ▼ 5.19% ASUR 292.39 ▼ 5.34% OMA AIRPORT 107.36 ▼ 5.03% AMX ADR 26.20 ▲ 0.23% FEMSA ADR 129.22 ▼ 0.79% CEMEX ADR 11.99 ▼ 2.72% PETROBRAS ADR 16.35 ▲ 0.52% VALE ADR 14.79 ▼ 2.02% ITAU ADR 8.24 ▼ 0.66% SANTANDER BR 5.21 ▼ 1.61% AMBEV ADR 3.04 ▼ 0.98% CSN 0.92 ▼ 3.50% GERDAU 4.26 ▲ 0.59% LATAM ADR 57.35 ▼ 0.16% BTC 63,977 ▼ 0.03% ETH 1,804 ▲ 0.34% SOL 82.19 ▲ 0.34% XRP 1.13 ▼ 1.12% BNB 585.36 ▼ 0.01% ADA 0.18 ▼ 3.44% DOGE 0.08 ▼ 1.52% AVAX 6.78 ▼ 2.06% LINK 8.02 ▲ 0.04% DOT 0.87 ▼ 1.30% LTC 44.76 ▼ 0.15% BCH 244.36 ▲ 1.06% TRX 0.33 ▲ 0.79% XLM 0.19 ▼ 3.28% HBAR 0.07 ▼ 0.90% NEAR 2.06 ▲ 0.61% ATOM 1.61 ▲ 0.35% AAVE 92.58 ▼ 1.55% SELIC 14.25% NEOE3 33.80 — 0.00% EMBRAER 85.14 ▼ 1.33% EMBRAER ADR 66.24 ▼ 1.49% JBS 12.24 ▲ 0.87% JBS BDR 62.83 ▲ 1.34% MBRF3 15.86 ▼ 3.35% MBRFY 3.02 ▼ 5.63% INTER 5.59 ▼ 1.76% EGX 53,006 ▲ 0.96% USD/ZAR16.25▲ 0.28% USD/NGN1,370▲ 0.01% NIKKEI 68,257 ▼ 2.12% CSI300 4,792 ▼ 1.03% HSI 23,497 ▼ 0.51% NIFTY 24,399 ▼ 0.13% KOSPI 7,656 ▼ 4.91% JCI 5,986 ▲ 1.19% USD/JPY161.91▼ 0.11% USD/CNY6.78▼ 0.19% DAX 25,465 ▼ 1.37% CAC 8,436 ▼ 0.51% FTSE 10,666 ▲ 0.13% MIB 52,455 ▼ 0.95% IBEX 19,640 ▼ 0.22% STOXX 646.29 ▼ 0.65% EUR/USD1.14▼ 0.14% GBP/USD1.34▲ 0.13% SPX 7,515 ▼ 0.29% DJI 52,888 ▼ 0.32% NDX 29,303 ▼ 1.33% RUT 2,992 ▼ 0.57% TSX 35,214 ▲ 0.01% VIX 15.96 ▲ 2.50% USD/CAD1.42▼ 0.08% US10Y 4.5150 ▲ 0.80% IBOV 171,554 ▼ 0.52% IPSA 10,821 ▲ 1.07% IPC MEX 66,695 ▼ 1.14% MERVAL 3,228,454 ▼ 1.18% COLCAP 2,252.08 ▼ 1.91% BVL PERÚ 56,156.48 ▼ 0.34% USD/BRL 5.15 ▲ 0.36% USD/MXN 17.49 ▲ 0.53% USD/CLP 925.27 ▼ 0.23% USD/COP 3,326 ▼ 0.56% USD/PEN 3.40 ▼ 0.19% USD/ARS 1,492 ▲ 0.39% USD/UYU 40.25 ▲ 1.37% USD/PYG 6,057 ▲ 1.49% USD/BOB 9.85 ▲ 45.88% USD/DOP 58.75 ▲ 0.33% USD/CRC 451.10 ▲ 1.72% USD/GTQ 7.62 ▲ 2.16% USD/HNL 26.71 ▲ 1.41% USD/NIO 36.62 ▲ 0.70% USD/VES 673.24 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 155.98 ▼ 0.51% USD/TTD 6.73 ▲ 1.27% EUR/BRL 5.89 ▼ 0.57% BRENT 74.11 ▲ 2.94% WTI 70.41 ▲ 2.71% IRON ORE 161.91 — — COPPER 6.23 ▲ 0.76% GOLD 4,156 ▲ 0.02% SILVER 61.26 ▼ 1.07% SOY 1,191 ▲ 0.74% CORN 459.50 ▲ 4.25% WHEAT 614.25 ▲ 1.36% COFFEE 316.50 ▼ 13.04% SUGAR 15.21 ▼ 0.07% ORANGE JUICE 156.75 ▼ 14.23% COTTON 80.68 ▲ 9.10% COCOA 5,750 ▲ 2.64% BEEF 238.00 ▼ 0.46% CATTLE 361.00 ▲ 0.14% LITHIUM 73.86 ▼ 3.04% PETR4 37.96 ▲ 0.50% VALE3 76.35 ▼ 1.85% ITUB4 42.47 ▼ 0.21% BBDC4 17.84 ▼ 0.45% ABEV3 15.77 ▼ 0.69% BBAS3 19.84 ▲ 0.35% B3SA3 14.49 ▼ 0.62% WEGE3 45.86 ▼ 0.86% PRIO3 54.97 ▲ 2.61% SUZB3 40.67 ▼ 0.12% RENT3 39.18 ▼ 2.83% AZZA3 18.18 ▲ 4.18% CSAN3 3.80 ▼ 1.04% RAIZ4 0.38 — 0.00% PCAR3 2.73 ▼ 0.73% GMAT3 3.58 ▼ 2.19% PSSA3 51.91 ▼ 2.79% CVCB3 1.24 ▼ 0.80% POSI3 3.71 ▼ 0.80% SLCE3 13.17 ▲ 2.89% NATU3 8.24 ▼ 0.84% BRKM5 5.98 ▼ 0.33% RANI3 7.92 ▼ 0.25% CSNA3 4.70 ▼ 1.26% CMIN3 4.36 ▲ 0.69% USIM5 8.51 ▼ 2.30% GGBR4 21.84 — 0.00% ENEV3 25.65 ▼ 1.72% CPFE3 45.40 ▲ 1.16% CMIG4 10.97 ▲ 0.83% EQTL3 39.08 ▲ 0.05% LREN3 13.72 ▼ 2.63% VIVT3 34.38 ▼ 0.35% RAIL3 13.39 ▼ 0.81% KLABIN 16.99 ▼ 0.06% RAIA DROGASIL 17.45 ▲ 0.06% RDOR3 34.95 ▼ 0.14% HAPV3 10.23 ▼ 1.45% FLRY3 15.68 ▲ 0.19% SMTO3 15.27 ▲ 2.07% UGPA3 28.09 ▲ 0.54% VBBR3 30.16 ▲ 0.13% BBSE3 38.61 ▼ 0.26% BPAC11 54.75 ▼ 1.14% CURY3 33.77 ▼ 0.09% AERI3 2.03 ▲ 1.50% VIVARA 22.62 ▲ 0.40% COMPASS 24.80 ▼ 0.48% VAMOS 2.86 ▼ 0.35% SANB11 26.49 ▼ 0.82% ASAI3 8.45 ▼ 2.54% SBSP3 29.37 ▼ 1.14% WALMEX 49.63 ▲ 1.16% GMEXICO 195.69 ▼ 3.50% FEMSA 225.55 ▼ 0.56% CEMEX 21.04 ▼ 1.73% GFNORTE 187.74 ▼ 0.36% BIMBO 56.55 ▼ 0.86% TELEVISA 9.65 ▲ 0.73% AMX 22.99 ▲ 0.97% GAP 422.12 ▼ 4.48% ASUR 292.39 ▼ 5.34% OMA 234.49 ▼ 4.62% KOF 186.70 ▼ 0.43% GRUMA 288.20 ▲ 1.75% KIMBER 39.12 ▼ 0.23% SQM-B 67,575 ▼ 1.00% COPEC 6,010 ▲ 2.21% BSANTANDER 79.00 ▲ 2.68% FALABELLA 5,960 ▲ 3.10% ENELAM 84.10 ▲ 1.46% CENCOSUD 2,091 ▼ 0.21% CMPC 1,060 ▲ 1.27% BANCO CHILE 187.29 ▲ 2.62% LATAM AIR 26.44 ▲ 0.53% YPF 72,675 ▲ 0.03% GGAL 8,180 ▼ 1.68% PAMPA 5,150 — 0.00% TXAR 678.00 ▼ 0.51% ALUAR 992.50 ▼ 0.05% TGS 9,275 ▼ 0.96% CEPU 2,326 ▼ 0.34% MIRGOR 17,100 ▼ 1.58% COME 44.07 ▲ 0.05% LOMA NEGRA 3,553 ▼ 3.66% BYMA 314.00 ▼ 0.55% TELECOM ARG 4,128 ▲ 0.73% ECOPETROL 14.35 ▼ 0.83% BANCOLOMBIA 80.04 ▼ 1.06% GRUPO AVAL 5.00 ▼ 1.51% CREDICORP 388.08 ▼ 1.08% SOUTHERN COPPER 169.96 ▼ 2.25% BUENAVENTURA 28.98 ▼ 3.27% MERCADOLIBRE 1,824 ▲ 0.99% NUBANK 13.74 ▼ 2.31% XP 16.07 ▼ 2.04% PAGSEGURO 8.84 ▼ 1.06% STONE 10.61 ▼ 3.15% GLOBANT 32.11 ▲ 3.75% TECNOGLASS 43.32 ▼ 2.76% GAP AIRPORT 241.21 ▼ 5.19% ASUR 292.39 ▼ 5.34% OMA AIRPORT 107.36 ▼ 5.03% AMX ADR 26.20 ▲ 0.23% FEMSA ADR 129.22 ▼ 0.79% CEMEX ADR 11.99 ▼ 2.72% PETROBRAS ADR 16.35 ▲ 0.52% VALE ADR 14.79 ▼ 2.02% ITAU ADR 8.24 ▼ 0.66% SANTANDER BR 5.21 ▼ 1.61% AMBEV ADR 3.04 ▼ 0.98% CSN 0.92 ▼ 3.50% GERDAU 4.26 ▲ 0.59% LATAM ADR 57.35 ▼ 0.16% BTC 63,977 ▼ 0.03% ETH 1,804 ▲ 0.34% SOL 82.19 ▲ 0.34% XRP 1.13 ▼ 1.12% BNB 585.36 ▼ 0.01% ADA 0.18 ▼ 3.44% DOGE 0.08 ▼ 1.52% AVAX 6.78 ▼ 2.06% LINK 8.02 ▲ 0.04% DOT 0.87 ▼ 1.30% LTC 44.76 ▼ 0.15% BCH 244.36 ▲ 1.06% TRX 0.33 ▲ 0.79% XLM 0.19 ▼ 3.28% HBAR 0.07 ▼ 0.90% NEAR 2.06 ▲ 0.61% ATOM 1.61 ▲ 0.35% AAVE 92.58 ▼ 1.55% SELIC 14.25% NEOE3 33.80 — 0.00% EMBRAER 85.14 ▼ 1.33% EMBRAER ADR 66.24 ▼ 1.49% JBS 12.24 ▲ 0.87% JBS BDR 62.83 ▲ 1.34% MBRF3 15.86 ▼ 3.35% MBRFY 3.02 ▼ 5.63% INTER 5.59 ▼ 1.76% EGX 53,006 ▲ 0.96% USD/ZAR 16.25 ▲ 0.35% USD/NGN 1,370 ▲ 0.19% NIKKEI 68,257 ▼ 2.12% CSI300 4,792 ▼ 1.03% HSI 23,497 ▼ 0.51% NIFTY 24,399 ▼ 0.13% KOSPI 7,656 ▼ 4.91% JCI 5,986 ▲ 1.19% USD/JPY 161.91 ▼ 0.10% USD/CNY 6.7838 ▼ 0.02% DAX 25,465 ▼ 1.37% CAC 8,436 ▼ 0.51% FTSE 10,666 ▲ 0.13% MIB 52,455 ▼ 0.95% IBEX 19,640 ▼ 0.22% STOXX 646.29 ▼ 0.65% EUR/USD 1.1422 ▼ 0.22% GBP/USD 1.3367 ▼ 0.15% SPX 7,515 ▼ 0.29% DJI 52,888 ▼ 0.32% NDX 29,303 ▼ 1.33% RUT 2,992 ▼ 0.57% TSX 35,214 ▲ 0.01% VIX 15.96 ▲ 2.50% USD/CAD 1.4194 ▼ 0.09% US10Y 4.5150 ▲ 0.80%
since 2009
Tuesday, July 7, 2026

Environment Chile

China’s Squid Fleet Shifts to Chile, Alarming Its Fishermen

By · July 7, 2026 · 5 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Environment

Key Facts

The shift. Chinese fishing vessels are increasingly using Chilean ports, after mostly stopping in Peru in previous years.

The surge. Port calls in Chile jumped from a handful in 2023 and 2024 to well over a hundred, per the group Oceana.

The target. The fleet chases Humboldt squid just outside Chile’s waters, a mainstay of local small-scale fishing.

The complaint. Iquique fishermen say the squid vanished for months, blaming the fleet’s bright lights and scale.

The response. Japan pledged about $1.9 million in early 2026 to boost fishing surveillance across the region.

One of the world’s largest Chinese fishing fleet operations has quietly changed its base of operations, and the shift has landed on Chile’s doorstep. Its fishermen are not happy.

A fishing trawler at sea
China's distant-water squid fleet has shifted toward Chilean waters. (Photo: Wikimedia Commons)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Every year a huge fleet of Chinese squid-jigging vessels travels the Pacific to fish just outside the waters of Ecuador, Peru and Chile. It chases Humboldt squid, a species South American coastal states depend on.

China runs the world’s biggest distant-water fishing fleet, with more than three thousand vessels operating beyond its own seas. Its scale alone makes it a fixture of maritime politics off South America.

Why the Chinese fishing fleet moved south

The striking change is where the ships now dock. According to the conservation group Oceana, Chinese vessels made only a handful of port calls in Chile in 2023 and 2024, but that number has jumped to well over a hundred this year.

The mirror image is in Peru. The same fleet had been using Peruvian ports heavily, with a couple of hundred calls a year, before tighter inspections there appear to have pushed the ships toward Chilean facilities instead.

Chilean data confirm the pressure. The national fisheries service says that between 2024 and 2025 it received one hundred and seventy-five port-access requests, with more than eight in ten of them coming from Chinese vessels.

Beijing frames the visits as legitimate and even helpful. Its embassy in Santiago says the port calls comply with Chilean law and international treaties, and that resupply and crew rotation generate local income and jobs.

What it means on the water

For small-scale fishermen, the effect feels immediate. Leaders in the northern port of Iquique say they went months without finding any Humboldt squid, and blame the fleet’s powerful lights for pulling the catch away from the coast.

The wider worry is enforcement. Conservation groups say the ships sometimes switch off their satellite tracking, making it hard to prove whether any of them stray inside the two-hundred-mile zone where foreign fishing is barred.

Chile’s navy monitors a maritime area of more than twenty-six million square kilometers, a scale officials admit strains their surface and air units. The fisheries service has rejected some port requests over missing or inconsistent information.

Outside help is arriving. Japan pledged around one point nine million dollars in early 2026 to strengthen surveillance in Argentina, Ecuador, Peru and Uruguay, providing drones, patrol boats and image-analysis tools.

For a foreign reader, the stakes go beyond squid. This is a test of whether mid-sized states can police their own waters against a fleet backed by the world’s second-largest economy, a grey-zone contest that Washington now treats as a security matter.

There is a trade angle too. The squid the fleet targets underpins an export industry for Chile, Peru and Ecuador, so a depleted stock threatens jobs and foreign earnings well beyond the artisanal boats that notice it first.

The regional pattern is telling. The same fleet swings between oceans by season, working the edge of Argentina’s waters in the Atlantic summer before moving north and west toward the Pacific squid grounds off Chile and Peru.

Neighbours have tried to coordinate before. Chile, Peru, Ecuador and Colombia agreed years ago to share real-time information on the fleet, but enforcement has lagged the ambition, and the ships keep returning each season.

Science adds urgency. Catches of Humboldt squid in the southeast Pacific hit a record in 2023 before falling sharply, and because the high-seas fishery faces no binding catch limits, biologists warn the stock could be pushed past safe levels.

For Chile’s new government, it is an awkward bind. President José Antonio Kast has courted trade and investment ties across the Pacific, even as the same ocean brings a fleet his coastal communities want pushed back.

Expect the issue to keep surfacing. As long as Chinese demand for squid stays high and enforcement stays thin, the fleet has every incentive to return, and Chile’s fishermen will keep pressing Santiago for drones, patrols and regional coordination.

Frequently Asked Questions

Is the Chinese fishing fleet operating illegally off Chile?

There is no confirmed proof the vessels fish inside Chile’s exclusive economic zone, and China says they comply with the law. Conservation groups note, however, that ships sometimes disable tracking, which makes incursions hard to verify and enforcement difficult.

Why does the Chinese fishing fleet worry Chile?

The fleet targets Humboldt squid that local fishermen rely on, and its recent shift toward Chilean ports has multiplied its presence. Fishermen report vanishing catches, while officials struggle to monitor a vast maritime area against so many vessels.

Connected Coverage

Behind Chile’s Hong Kong cable bid: data sovereignty at the waterline

Chile’s Kast courts Uruguay’s Orsi on Pacific trade

A French billionaire just bought Telefónica’s Chile business

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.