November 28th 2022
Crude Oil and LNG exports
ANTARES: We attach to this News a flyer with the full detail of all our staff and offices for your ready reference.
Weekend duty staff: (Friday, November 25th as from 1200 hours until Monday November 28th, 0800 hrs)
– HQ Buenos Aires:
Horacio Vazquez +54 9 11 5578 4554
Gastón Cabrera +54 9 11 5578 4556
Sebastián José Ferrara +54 9 11 3156 1679
Franco Gabriel Ostojic +54 9 11 6656 1678
Walter Nestor Travaglini +54 9 11 3156 1680
National Holidays: Thursday December 08th and Friday December 09th
As had been expected, the Government has announced a further “bonus” month for those holding soyabeans and selling them during a period starting tomorrow Monday 28th until December 31st. During this period there will be a preferential exchange rate for this commodity. The mechanism was applied during September 2022 and resulted in a “surge” of sales. During this last “bonus” China purchased 923,176 tons. Similar volumes are expected again.
Grains and Markets:
Despite the dark forecasts and omens regarding the wheat crop the yields at the commencement of harvesting have been significantly better than expected. The most pessimistic forecasts were issued by the Rosario Trade Exchange but they now maintain a total of 12.4 million tons for the 2022-2023 harvest.
Malaysia and Peru are in the market for 45/50,000 tons of maize February and March dates.
Otherwise markets are quiet due to US Thanksgiving Weekend.
Crude Oil and LNG exports:
The crude oil pipeline that feeds the Vaca Muerta Shale Oil and Gas field to Bahia Blanca is now being duplicated. Work is to begin soon on the construction. Interestingly a dispute has arisen amongst the oil companies that “bid” for space on the pipeline due to “unfair” price offers.
Also the Government is said to be preparing legislation to present to Congress in order to encourage LNG production for export.
Bunker deliveries at Zona Comun:
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
Rough weather persists as the weekend draws to a close but weather is expected to improve during the next week.As always, the STS operation is up to the discretion of the Master’s of the vessels involved.
Groundings on the River Parana 2022:
We attach to this mail the River Parana Draft Forecast prepared with information supplied by INA (National Water Institute) and adjusted to latest water reports.
Will keep you posted.
Antares Servicios Maritimos S.A.
For more information