IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.38% USD/MXN17.40▼ 0.10% USD/CLP936.88▲ 0.13% USD/COP3,205▼ 1.57% USD/PEN3.40▲ 0.08% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.10▼ 0.17% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.95% BRENT 94.39 ▲ 3.71% WTI 87.10 ▲ 2.58% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.48% GOLD 4,140 ▲ 1.69% SILVER 60.14 ▲ 2.22% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.08 — 0.00% PETR4 42.50 ▲ 2.02% VALE3 75.02 ▲ 3.85% ITUB4 42.90 ▲ 0.87% BBDC4 18.93 ▲ 2.05% ABEV3 16.11 ▲ 1.96% BBAS3 21.07 ▲ 0.91% B3SA3 15.88 ▲ 4.68% WEGE3 46.50 ▲ 9.49% PRIO3 59.87 ▲ 2.90% SUZB3 42.44 ▲ 1.95% RENT3 37.29 ▲ 2.02% AZZA3 17.53 ▲ 0.29% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.37 ▲ 3.53% CVCB3 1.27 ▲ 13.39% POSI3 3.73 ▲ 1.36% SLCE3 13.89 ▲ 1.02% NATU3 8.72 ▲ 0.11% BRKM5 6.02 ▲ 5.43% RANI3 8.02 ▲ 1.65% CSNA3 5.39 ▲ 6.52% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.83 ▲ 1.45% ENEV3 26.03 ▲ 2.40% CPFE3 46.57 ▲ 0.37% CMIG4 11.21 ▲ 1.72% EQTL3 39.56 ▲ 1.88% LREN3 13.49 ▲ 1.66% VIVT3 35.39 ▼ 1.15% RAIL3 13.59 ▲ 2.64% KLABIN 17.92 ▲ 1.88% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.55 ▲ 1.86% HAPV3 11.51 ▲ 2.40% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.78 ▲ 3.02% VBBR3 34.80 ▲ 2.50% BBSE3 42.79 ▲ 2.98% BPAC11 57.21 ▲ 3.32% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.58 ▲ 0.79% COMPASS 24.91 ▲ 1.92% VAMOS 3.20 ▲ 3.56% SANB11 26.81 ▼ 1.47% ASAI3 8.40 ▲ 1.82% SBSP3 29.45 ▲ 2.97% WALMEX 48.74 ▼ 0.83% GMEXICO 214.79 ▲ 2.79% FEMSA 227.35 ▲ 0.27% CEMEX 22.18 ▲ 0.50% GFNORTE 190.10 ▲ 2.31% BIMBO 60.21 ▲ 1.38% TELEVISA 9.84 ▲ 0.82% AMX 22.63 ▼ 0.57% GAP 376.13 ▼ 0.63% ASUR 272.65 ▼ 0.84% OMA 228.89 ▲ 1.16% KOF 182.92 ▲ 1.36% GRUMA 279.79 ▼ 0.99% KIMBER 38.98 ▲ 1.51% SQM-B 65,103 ▲ 0.87% COPEC 6,540 ▲ 1.40% BSANTANDER 79.71 ▲ 0.89% FALABELLA 6,013 ▲ 1.58% ENELAM 84.50 ▼ 0.04% CENCOSUD 2,015 ▼ 0.64% CMPC 1,075 ▼ 0.82% BANCO CHILE 192.70 ▲ 1.42% LATAM AIR 24.03 ▼ 0.70% YPF 82,500 ▲ 2.33% GGAL 8,295 ▲ 4.14% PAMPA 5,610 ▲ 2.47% TXAR 674.50 ▼ 0.66% ALUAR 970.00 ▼ 0.31% TGS 9,905 ▲ 2.01% CEPU 2,425 ▲ 3.63% MIRGOR 16,950 ▲ 1.04% COME 43.15 ▲ 0.65% LOMA NEGRA 3,855 ▲ 6.93% BYMA 296.50 ▲ 1.45% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.79 ▲ 1.54% BANCOLOMBIA 84.71 ▲ 1.27% GRUPO AVAL 5.01 ▼ 1.67% CREDICORP 389.22 ▼ 0.48% SOUTHERN COPPER 193.77 ▲ 3.06% BUENAVENTURA 32.02 ▲ 2.46% MERCADOLIBRE 1,808 ▼ 0.83% NUBANK 14.44 ▲ 0.35% XP 17.24 ▲ 2.28% PAGSEGURO 9.68 ▲ 0.99% STONE 11.32 ▲ 0.53% GLOBANT 31.02 ▼ 3.36% TECNOGLASS 44.94 ▼ 0.47% GAP AIRPORT 216.38 ▼ 0.60% ASUR 272.65 ▼ 0.84% OMA AIRPORT 105.34 ▲ 1.07% AMX ADR 26.02 ▼ 0.27% FEMSA ADR 130.80 ▲ 0.35% CEMEX ADR 12.73 ▲ 0.20% PETROBRAS ADR 18.95 ▲ 2.18% VALE ADR 14.81 ▲ 3.89% ITAU ADR 8.48 ▲ 0.89% SANTANDER BR 5.43 ▲ 0.37% AMBEV ADR 3.15 ▲ 1.29% CSN 1.08 ▲ 7.50% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.13 ▼ 0.85% BTC 65,868 ▼ 0.96% ETH 1,926 ▼ 0.11% SOL 77.60 ▼ 0.65% XRP 1.14 ▼ 0.44% BNB 569.87 ▼ 0.65% ADA 0.17 ▲ 0.90% DOGE 0.07 ▼ 1.08% AVAX 6.60 ▲ 0.59% LINK 8.61 ▼ 0.38% DOT 0.84 ▼ 0.57% LTC 47.14 ▲ 0.69% BCH 219.24 ▼ 1.99% TRX 0.33 ▼ 0.36% XLM 0.19 ▼ 2.19% HBAR 0.07 ▲ 3.18% NEAR 1.86 ▼ 3.83% ATOM 1.47 ▼ 1.22% AAVE 97.80 ▲ 2.33% SELIC 14.25% EMBRAER 83.39 ▲ 0.90% EMBRAER ADR 65.98 ▲ 0.78% JBS 12.22 ▲ 2.22% JBS BDR 61.64 ▲ 2.36% MBRF3 16.17 ▲ 7.02% MBRFY 3.15 ▲ 6.78% INTER 5.69 ▲ 1.88% EGX 53,932 ▼ 0.11% USD/ZAR16.40▼ 0.43% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.15 — 0.00% 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1.69% SILVER 60.14 ▲ 2.22% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.08 — 0.00% PETR4 42.50 ▲ 2.02% VALE3 75.02 ▲ 3.85% ITUB4 42.90 ▲ 0.87% BBDC4 18.93 ▲ 2.05% ABEV3 16.11 ▲ 1.96% BBAS3 21.07 ▲ 0.91% B3SA3 15.88 ▲ 4.68% WEGE3 46.50 ▲ 9.49% PRIO3 59.87 ▲ 2.90% SUZB3 42.44 ▲ 1.95% RENT3 37.29 ▲ 2.02% AZZA3 17.53 ▲ 0.29% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.37 ▲ 3.53% CVCB3 1.27 ▲ 13.39% POSI3 3.73 ▲ 1.36% SLCE3 13.89 ▲ 1.02% NATU3 8.72 ▲ 0.11% BRKM5 6.02 ▲ 5.43% RANI3 8.02 ▲ 1.65% CSNA3 5.39 ▲ 6.52% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.83 ▲ 1.45% ENEV3 26.03 ▲ 2.40% CPFE3 46.57 ▲ 0.37% CMIG4 11.21 ▲ 1.72% EQTL3 39.56 ▲ 1.88% LREN3 13.49 ▲ 1.66% VIVT3 35.39 ▼ 1.15% RAIL3 13.59 ▲ 2.64% KLABIN 17.92 ▲ 1.88% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.55 ▲ 1.86% HAPV3 11.51 ▲ 2.40% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.78 ▲ 3.02% VBBR3 34.80 ▲ 2.50% BBSE3 42.79 ▲ 2.98% BPAC11 57.21 ▲ 3.32% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.58 ▲ 0.79% COMPASS 24.91 ▲ 1.92% VAMOS 3.20 ▲ 3.56% SANB11 26.81 ▼ 1.47% ASAI3 8.40 ▲ 1.82% SBSP3 29.45 ▲ 2.97% WALMEX 48.74 ▼ 0.83% GMEXICO 214.79 ▲ 2.79% FEMSA 227.35 ▲ 0.27% CEMEX 22.18 ▲ 0.50% GFNORTE 190.10 ▲ 2.31% BIMBO 60.21 ▲ 1.38% TELEVISA 9.84 ▲ 0.82% AMX 22.63 ▼ 0.57% GAP 376.13 ▼ 0.63% ASUR 272.65 ▼ 0.84% OMA 228.89 ▲ 1.16% KOF 182.92 ▲ 1.36% GRUMA 279.79 ▼ 0.99% KIMBER 38.98 ▲ 1.51% SQM-B 65,103 ▲ 0.87% COPEC 6,540 ▲ 1.40% BSANTANDER 79.71 ▲ 0.89% FALABELLA 6,013 ▲ 1.58% ENELAM 84.50 ▼ 0.04% CENCOSUD 2,015 ▼ 0.64% CMPC 1,075 ▼ 0.82% BANCO CHILE 192.70 ▲ 1.42% LATAM AIR 24.03 ▼ 0.70% YPF 82,500 ▲ 2.33% GGAL 8,295 ▲ 4.14% PAMPA 5,610 ▲ 2.47% TXAR 674.50 ▼ 0.66% ALUAR 970.00 ▼ 0.31% TGS 9,905 ▲ 2.01% CEPU 2,425 ▲ 3.63% MIRGOR 16,950 ▲ 1.04% COME 43.15 ▲ 0.65% LOMA NEGRA 3,855 ▲ 6.93% BYMA 296.50 ▲ 1.45% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.79 ▲ 1.54% BANCOLOMBIA 84.71 ▲ 1.27% GRUPO AVAL 5.01 ▼ 1.67% CREDICORP 389.22 ▼ 0.48% SOUTHERN COPPER 193.77 ▲ 3.06% BUENAVENTURA 32.02 ▲ 2.46% MERCADOLIBRE 1,808 ▼ 0.83% NUBANK 14.44 ▲ 0.35% XP 17.24 ▲ 2.28% PAGSEGURO 9.68 ▲ 0.99% STONE 11.32 ▲ 0.53% GLOBANT 31.02 ▼ 3.36% TECNOGLASS 44.94 ▼ 0.47% GAP AIRPORT 216.38 ▼ 0.60% ASUR 272.65 ▼ 0.84% OMA AIRPORT 105.34 ▲ 1.07% AMX ADR 26.02 ▼ 0.27% FEMSA ADR 130.80 ▲ 0.35% CEMEX ADR 12.73 ▲ 0.20% PETROBRAS ADR 18.95 ▲ 2.18% VALE ADR 14.81 ▲ 3.89% ITAU ADR 8.48 ▲ 0.89% SANTANDER BR 5.43 ▲ 0.37% AMBEV ADR 3.15 ▲ 1.29% CSN 1.08 ▲ 7.50% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.13 ▼ 0.85% BTC 65,868 ▼ 0.96% ETH 1,926 ▼ 0.11% SOL 77.60 ▼ 0.65% XRP 1.14 ▼ 0.44% BNB 569.87 ▼ 0.65% ADA 0.17 ▲ 0.90% DOGE 0.07 ▼ 1.08% AVAX 6.60 ▲ 0.59% LINK 8.61 ▼ 0.38% DOT 0.84 ▼ 0.57% LTC 47.14 ▲ 0.69% BCH 219.24 ▼ 1.99% TRX 0.33 ▼ 0.36% XLM 0.19 ▼ 2.19% HBAR 0.07 ▲ 3.18% NEAR 1.86 ▼ 3.83% ATOM 1.47 ▼ 1.22% AAVE 97.80 ▲ 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Ocean patrol vessels for Uruguay: Chinese pressure in the face of growing interest in Norwegian ships

By · January 27, 2023 · 3 min read

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After waiting several months for an official confirmation from the Government of Uruguay on the purchase of ocean patrol vessels, Xi Jinping’s government has initiated a discreet diplomatic advance to pressure the South American country to stick to the outcome of the technical selection that, in the bidding process for two of this type of vessels, awarded the Chinese shipyard CSTC the best qualification, as it was the only one of the three firms that presented themselves – the others were Kership, owned by Naval Group, and Damen – that complied with all the requirements requested in the call for prices.

In this regard, on January 20, the Chinese government called the Uruguayan ambassador in Beijing to present its position regarding the purchase, stressing that China sees Uruguay as a country that is in line with the law and serious in its business dealings, so it is expected that the process will continue smoothly.

Norwegian Nordkapp-class vessel (Photo internet reproduction)
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NORWEGIAN VESSELS

The government of Uruguay, for its part, has responded to a request from Norway to send a diplomatic signal that it is interested in the three Nordkapp class ships that are in the process of being decommissioned, by sending this week the director general of the secretariat of the Ministry of Defense, Fabian Martinez to meet with Norwegian government officials.

From China, this move is interpreted as an Uruguayan concession to the pressure exerted by the United States not to purchase military equipment from that country.

PROCESS

The Uruguayan OPV procurement process, which began more than ten years ago, has gone through a series of vicissitudes that have left the country in a bad light at the international level, with three failed competitive processes, two won by the German firm Lurssen and one by the aforementioned CSTC.

During the process, the Uruguayan political power systematically did not have the capacity to decide what to do or even how to do it, generating uneasiness both at the level of the shipyards that invested time and money in their participation in the competitive process and also in the governments of the countries where these companies are installed.

CHINESE DISCOMFORT

This mishandling of the situation has reached its peak with the disruption of diplomatic relations with Uruguay’s main trading partner, China, after the United States publicly exerted pressure to prevent the country from buying material from China.

In addition, China has recently expressed its displeasure with Uruguay for not sending any representative of the Ministry of Defense to the virtual event Peace and Cooperation, which was attended by high-level delegations of defense ministries from all of Latin America and the Caribbean, but to which Uruguay sent at the last minute its commercial attaché at the Uruguayan embassy in the Asian country in response to an emergency request from the Chinese ambassador in Uruguay, after having declined to participate in the first instance.

In view of this, and as a sign of its dissatisfaction, the Chinese government is said to have initiated the process to suspend military aid to Uruguay.

With information from Infodefensa

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