September 29th – New “bonus” seasons for crude oil exports


September 29th 2023

New “bonus” seasons for crude oil 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 September 29th, until Monday October 1st, 2023 0800 hrs.)

HQ Buenos Aires:

Nicolas Fichi              +54 9 11 5578 4559

 

Upriver:

Omar Mangiaterra           +54 9 11 3156 1681

Kevin Masia                +54 9 11 6919 2280

Tomas H. Noguera           +54 9 11 6434 1674

Walter Nestor Travaglini   +54 9 11 3156 1680

 

National Holidays: Friday October 13th and Monday October 16th.

 

Grains and Markets:

South Korea (KFA) has purchased 132,000 tons of maize, November/December date, origin ECSA or SAfrica.

Algeria has tendered for 90,000 tons of maize plus 30,000 tons of barley for delivery before the end of the year.

Iran is still working a tender of 180,000 tons of maize November/December dates.

South Korea (MFG) has purchased a Panamax (60,000 tons) December/January dates.

New “bonus” seasons for crude oil exports:

In its desperation to obtain hard currency (USD) the Government has instituted a scheme, starting September 27th, whereby crude oil exporters may be able to collect 25 per cent of their exports at a preferential exchange rate. The “official” exchange for US Dollars is USD 1.00=Pesos 350.00. Under this scheme, 25 per cent (one quarter) of the USD being brought into the country will be exchanged at a preferential rate of USD 1,00=Pesos 763.00.

Hopefully, this will generate more exports.

 

Bunker deliveries at Zona Comun:

STS BUNKER AT ZONA COMUN FOR NEXT DAYS:

As always, the STS operation is up to the discretion of the Master’s of the vessels involved.

 

Will keep you posted.

Best regards,

Antares Servicios Maritimos S.A.

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