IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▲ 0.03% USD/MXN17.41▼ 0.07% USD/CLP925.95▼ 0.07% USD/COP3,247▲ 0.33% USD/PEN3.41▲ 0.55% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.20▼ 0.17% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.31% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 1.06% BRENT 85.41 ▲ 0.80% WTI 80.07 ▲ 0.92% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.63% GOLD 4,035 ▼ 0.65% SILVER 58.61 ▼ 0.28% SOY 1,197 ▼ 0.85% CORN 466.25 ▲ 7.49% WHEAT 668.50 ▲ 5.90% COFFEE 328.00 ▼ 2.73% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,859 ▲ 3.52% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,721 ▼ 0.36% ETH 1,882 ▼ 0.40% SOL 77.56 ▼ 0.26% XRP 1.11 ▼ 0.22% BNB 577.44 ▼ 0.74% ADA 0.16 ▼ 0.44% DOGE 0.07 ▼ 0.93% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.39% DOT 0.85 ▼ 0.09% LTC 45.77 ▲ 0.74% BCH 235.81 ▼ 0.29% TRX 0.33 ▲ 0.68% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.11% NEAR 2.04 ▲ 1.54% ATOM 1.57 ▲ 0.19% AAVE 98.36 ▼ 0.53% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,423 ▲ 0.24% USD/ZAR16.38— 0.00% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,075 ▲ 0.09% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.37▲ 0.08% USD/CNY6.77▲ 0.06% DAX 24,993 ▼ 0.61% CAC 8,367 — 0.00% FTSE 10,520 ▼ 0.09% MIB 52,735 ▼ 0.24% IBEX 19,269 ▼ 0.46% STOXX 642.36 ▲ 0.04% EUR/USD1.14▲ 0.01% GBP/USD1.34▲ 0.31% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.23 ▼ 1.64% USD/CAD1.41▲ 0.01% US10Y 4.5850 ▼ 0.52% IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL 5.07 ▲ 0.03% USD/MXN 17.41 ▼ 0.07% USD/CLP 925.95 ▼ 0.07% USD/COP 3,247 ▲ 0.33% USD/PEN 3.41 ▲ 0.55% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.20 ▼ 0.17% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.31% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 1.06% BRENT 85.41 ▲ 0.80% WTI 80.07 ▲ 0.92% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.63% GOLD 4,035 ▼ 0.65% SILVER 58.61 ▼ 0.28% SOY 1,197 ▼ 0.85% CORN 466.25 ▲ 7.49% WHEAT 668.50 ▲ 5.90% COFFEE 328.00 ▼ 2.73% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,859 ▲ 3.52% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,721 ▼ 0.36% ETH 1,882 ▼ 0.40% SOL 77.56 ▼ 0.26% XRP 1.11 ▼ 0.22% BNB 577.44 ▼ 0.74% ADA 0.16 ▼ 0.44% DOGE 0.07 ▼ 0.93% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.39% DOT 0.85 ▼ 0.09% LTC 45.77 ▲ 0.74% BCH 235.81 ▼ 0.29% TRX 0.33 ▲ 0.68% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.11% NEAR 2.04 ▲ 1.54% ATOM 1.57 ▲ 0.19% AAVE 98.36 ▼ 0.53% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,423 ▲ 0.24% USD/ZAR 16.38 ▲ 0.24% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,075 ▲ 0.09% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.36 ▲ 0.10% USD/CNY 6.7632 ▲ 0.01% DAX 24,993 ▼ 0.61% CAC 8,367 — 0.00% FTSE 10,520 ▼ 0.09% MIB 52,735 ▼ 0.24% IBEX 19,269 ▼ 0.46% STOXX 642.36 ▲ 0.04% EUR/USD 1.1421 ▼ 0.04% GBP/USD 1.3391 ▲ 0.03% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.23 ▼ 1.64% USD/CAD 1.4059 ▼ 0.01% US10Y 4.5850 ▼ 0.52%
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U.S. plans naval logistics centers in India, boosts defense in Indo-Pacific

By · July 7, 2023 · 2 min read

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The United States aims to establish naval logistics hubs in India, bolstering its capabilities in the Indo-Pacific region to counterbalance China.

U.S. President Joe Biden and Indian Prime Minister Narendra Modi affirmed their commitment to comprehensive defense and economic partnerships during their recent summit.

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This includes supporting India in developing infrastructure for resupplying, repairing, and maintaining naval vessels and aircraft.

The U.S. Navy is set to sign ship repair agreements with Indian shipyards.

U.S. President Joe Biden and Indian Prime Minister Narendra Modi. (Photo Internet reproduction)
U.S. President Joe Biden and Indian Prime Minister Narendra Modi. (Photo Internet reproduction)
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A Master Ship Repair Agreement has already been concluded with the Larsen & Toubro shipyard near Chennai, while separate deals with two other shipbuilders in Mumbai and Goa are near finalization.

By expanding access to logistics hubs, the U.S. military aims to improve readiness and efficiency in resupply activities and repairs throughout the Indo-Pacific region.

The strategic move allows for reduced operational downtime and facilitates joint exercises with partner countries.

Japan and Singapore currently serve as key naval hubs for the U.S. in Asia.

However, establishing a maintenance and logistics hub in India is seen as crucial for enhancing readiness in the vast Indian Ocean region, complementing existing bases in the Middle East and Western Pacific.

The U.S. is motivated by the need to maintain naval capabilities on par with China, which boasts the world’s largest navy in terms of fleet size.

Failure to increase operational time at sea could result in a weakening of deterrence and a loss of naval superiority.

The Biden administration also seeks to deepen collaboration with India beyond the Indian Ocean, extending it to the maritime space, including the South China Sea.

India’s support for the 2016 arbitration ruling rejecting Chinese claims in the South China Sea aligns it with Japan and major Western nations on the issue.

India’s growing role in the international community as a representative of emerging and developing countries is evident.

While strategic autonomy remains a key principle in India’s foreign policy, the recent partnership with the U.S. signals a shift in focus toward closer relations with the West.

The success of this partnership in overcoming the lingering mistrust between India and the United States will be closely watched, especially in light of historical experience.

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