June 23rd – River Parana Draft Forecast

June 23rd 2022

River Parana Draft Forecast

ANTARES: We attach to this News a flyer with the full detail of all our staff and offices for your ready reference.

Week end duty staff: (Friday June 24th noon, until Monday June 26th 2022, 0800 hrs)

– HQ Buenos Aires:

German Andres Stoppo +54 9 11 6434 1673

Horacio Vazquez +54 9 11 5578 4554

– Upriver:

Sebastian Ferrara +54 9 11 3156 1679

Franco Ostoic +54 9 11 6656 1678

Walter Nestor Travaglini +54 9 11 3156 1680

National Holidays:Saturday, Saturday, July 09th – Independence Day

Independent Truck Owners Protest:
Protests by Independent Truck Owners are ongoing, principally due to the shortage of diesel fuel. The protests have spread to the hinterland of the Upriver ports. At this time there are NO picket lines that block entry to ports or terminals.

Upriver (San Lorenzo and Rosario):
There are demonstrations at road junctions and loaded trucks are remaining at the protest or returning to origination point.

San Nicolas area:
Truck service within the port was not available yesterday 22nd but has largely returned today 23rd.
At Ramallo there are protests on the roads and the arrival of loaded vehicles has diminished significantly.

Activity remains normal.

Bahia Blanca:
There is much less activity of cargo delivery to the terminals.
Yesterday 22nd fertilizer discharge was suspended as no trucks were available for discharge.
Today, 23rd, activity within the port is normal.

Overall, all loading facilities are reporting a significant decrease in cargo delivery.
Loading operations are underway using stocks existing since before the protest began.

River Parana Draft Forecast:
Basis INA Report of June 21st and Depth Report of June 23rd

River level is descending. Nevertheless, the forecast is that water levels will not be as low as during 2021.

Grains and Markets:
Tunisia are in the market for 75 thousand of wheat and 50 thousand barley, Black Sea option excluded, August dates.
Algeria has purchased 660 thousand tons of wheat for August dates. Various sources, but including ECSA.
Dry weather has reduced the estimated surface being sown for wheat by a further 100 thousand hectares. The estimated area to be sown is now at 6.4 million tons.

Cargill Bahia Blanca:

Cargill and the Bahia Blanca Port Administration have announced the extension for a further 15 years of the lease for the grain terminal in Bahia Blanca. This is now in force until the year 2041. This after selling of the malting installation in 2019 to Boortmalt. Also one month ago they sold the crushing facility in the port to Viterra.

The first stage of the pipeline is detailed in the yellow box.

Biodiesel in Argentina:
Due to market distortions caused by Government regulations there is a shortage of diesel fuel over most of the country. This is compromising nearly all transport and logistical activities. Trying to resolve the situation the Government has now allowed an increase in the “cut” or proportion of biodiesel that is included with the fossil fuel. This may affect biodiesel supplies for export, but as soon as the supply returns to “normal” this ought to be redressed. There has been very strong pressure from the Oil Majors during the whole year to reduce the Biodiesel proportion.

The port administration at Bahia Blanca has reduced the “entry” tariffs for vessels that stop at the Roads for lifting bunkers only.
This is an 18 per cent reduction, and it reflects as a reduction of about USD 3,500 on a Capesize, down from USD 26,000 to USD 22,500, and a reduction of USD 2,000 on a Panamax, down from USD 16,000 to USD 14,000.

Weather over the Long Weekend. Bunker deliveries at Zona Comun:

STS BUNKER AT ZONA COMUN FOR NEXT DAYS: Suitable wind conditions

Will keep you posted.

Best regards,

Antares Servicios Maritimos S.A.

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