June 7th 2024
Labor unrest in Argentina
Weekend duty staff:
(Friday June 07th, until Monday June 10th, 2024 0800 hrs.)
HQ Buenos Aires:
Gastón Nicolas Cabrera +54 9 11 5578 4559
Horacio Vázquez +54 9 11 5578 4554
Upriver:
Omar Mangiaterra +54 9 11 3156 1681
Lautaro Alvarez +54 9 11 6656 1678
Tomas H. Noguera +54 9 11 6434 1674
Walter Nestor Travaglini +54 9 11 3156 1680
National Holidays:
June 17th, 20th and 21st
Grains and Markets:
South Korea’s NOFI has bought 2 x Panamaxes of maize, September dates. One from Mitusi, another from Cargill. Options ECSA or SAfrica.
Tunisians are in the market for a Supramax of soya bean meal, August dates.
Chinese buyers are reported to have bought 3 x Panamaxes of Brazil soya beans for prompt dates.
Labor unrest in Argentina:
Tugboat crews are back to work as from noon today after the Government declared a mandatory truce period.
This was/is a wage related strike.
In the meantime, stevedores in Bahia Blanca are starting short wildcat strikes while they start to pressure for improved wages.
Grains Forecasts from the Buenos Aires Grains Exchange:
Harvesting of soya beans is now well underway. The yields in some areas are slightly above expectations, nevertheless the Exchange maintains its forecast for a total of 50,500,000 tons for the total harvest.
Maize is also well underway, 35 per cent completed. The Exchange forecasts a total yield of 46,500,00 tons.
Sowing of wheat has also commenced in earnest. At this time 25 per cent of the forecast area has been sown.
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Masters of the vessels involved.
Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.
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