In view of the ongoing developing situation and different communications and instructions being issued by Sanitary Authorities of the Argentine Government we have chosen to send a consolidated daily report at the closing of working hours with an update of the day’s news.
-National Holidays: Thursday April 09th and Friday April 10th are National Holidays in Argentina for Easter.
-Covid-19 National Quarantine: The President today announced that the National Quarantine, with severe restrictions on people’s movements is to remain in force during the next weeks. A very slight relaxing of the restrictions will be allowed for certain professions as from next week. Nevertheless the great majority of the population will not be allowed to return to normal activities.
-Antares: Our staff continue attending vessels as always. In order to ensure mutual protection we have taken necessary sanitary precautions for everyone’s safety
–Upriver: WE WISH TO CALL YOUR ATTENTION TO THIS
The river Parana is dropping all along it’s course. Trust that you are reading our DRAFT REPORT sent during the morning. The maximum sailing draft from San Lorenzo was reported at 9.41 meters (30 feet 10 inches) today and 9.55 meters (31 feet 03 inches). The forecast for medium term (one month) is that this will persist due to the lack of significant rain in the upper River Parana, Iguazu and Paraguay basin.
-Necochea: The port remains closed since April 06th 0749 hours due to strong wind and incoming sea swell. Survey at the entrance today April 08th am confirmed that the sea swell remained intense. A further survey will be held tomorrow April 09th upon daylight.
-Necochea and Bahia Blanca: The grain surveyors’ union are still keeping a “work to rule” and will only attend vessels in normal working hours. This means loading operations for Easter will be performed tomorrow April 09th 0700/1900 shifts, no work on Friday 10th and Saturday 11th 0700/1300.
-Vicentin/Glencore: The now static Vicentin, whose fully owned crushing plants are not working due to lack of soyabeans may start moving again. It is reported that talks are well underway with Glencore and the sale of Vicentin’s remaining 33.3 per cent in Renova S.A. will go to Glencore for a price slightly above USD 300 million. These funds will allow Vicentin to start settling some of their debts.
-Grain/Agriproducts trading: Export licenses are being requested mainly for grains a smaller proportion for meals on a daily basis. The volume is slightly down but continues until the markets get accustomed to the new world wide environment.
Will keep you posted.
Antares Servicios Maritimos S.A.
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