Topic
latin america
Commodities Russia, Latin America Fill Gap as India's Middle East Oil Imports Fall on Hormuz Disruptions
India's crude oil imports from the Middle East dropped 27% year-on-year in the April-June quarter to 1.55 million barrels per day, constrained by disruptions through the Strait of Hormuz following the US-Israeli attack on Iran. Imports from the CIS, including Russia, surged 8.3% to 2.26 million barrels per day, with Russian crude hitting an all-time high of 2.64 million barrels per day in June. Imports from Latin American suppliers such as Brazil, Venezuela, and Angola also increased, as Indian refiners adapted to supply route disruptions.
Logistics Jaxport Adds New Asia-Latin America-Mediterranean Container Service with Zim and MSC
Jaxport welcomed the first call of the ZCP-Amberjack container service, operated by Zim and MSC. The weekly service connects Jacksonville with major Asian ports, Latin America, the Caribbean, and the Mediterranean via transshipment hubs. Transit times from North Asia are 28-32 days.
Trade India-Latin America Trade to Reach USD 100 Billion by 2030 from USD 50 Billion: Uruguay Ambassador
Uruguay Ambassador Alberto Antonio Guani Amarilla announced that trade between India and Latin America is expected to double to USD 100 billion by 2030 from the current USD 50 billion. Speaking at the LAC FIRST conference in New Delhi, he highlighted the need to expand the India-Mercosur Preferential Trade Agreement from 450 to 3,000 products as a step toward a free trade agreement, with key sectors including minerals, agro-industries, and pharmaceuticals.
Business Former FMC chief Sola to lead Thorn Run LatAm business team
Thorn Run Partners is launching a Latin America Business Opportunities Practice, led by former Federal Maritime Commission Chairman Louis Sola, to help clients navigate economic integration and nearshoring trends. The seven-person team includes former FMC Chief of Staff Mary Thien Hoang and government affairs specialist Hayden Jewett.
Technology Gemini in Chrome Expands to Latin America, Middle East, and Africa, Bypassing Europe
Google's Gemini in Chrome, an AI browsing assistant, has expanded to Latin America, the Middle East, and Africa, covering nearly every region except Europe. The feature offers personalized help with summarizing content, comparing tabs, and integrating with Google apps like Calendar and Gmail, but European availability remains blocked by GDPR compliance hurdles.
Trade India Shifts Oil Imports to Latin America, Africa Amid Hormuz Crisis
India has increased oil imports from Latin America and Africa due to disruptions in the Strait of Hormuz. This strategic shift aims to stabilize supply amid regional tensions.