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Friday, February 26, 2021

Argentina News

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Brazil's Slow Soybean Harvest Widens US Export Window

Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic.Concerns over tight global soybean supplies after China dramatically increased purchases in recent months ignited a 4.5% U.S.

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Argentine Grain Inspector Strike Ends, Exports to Flow

The union representing Argentine port-side grain inspectors said on Thursday it had ended a month-long wage strike after reaching a contract deal with export companies that will allow international soy, corn and wheat shipments to return to normal.The deal was struck after a marathon negotiation session with Argentina's private ports chamber on Wednesday. The work stoppage by the union, known by its Spanish acronym Urgara, started on Dec. 9 and had hit operations in key ports throughout Argentina…

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Strike Stymies more than 140 Grains Ships in Argentina

Loading of more than 140 agricultural export ships in Argentina has been stalled by a port-side oilseed workers' strike that started on Dec. 9, the head of the local chamber of soymeal manufacturers said on Monday, on the eve of talks on a new contract.The CIARA-CEC chamber of soy byproduct manufacturers will meet on Tuesday with the two main unions representing oilseed workers to try and hammer out a 2021 compensation package."We seek an agreement with the unions that allows the efficient…

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Argentina Agro-export Firms Improve Offer to End Grains Port Strike

Argentina's influential chamber of soyoil manufacturers and exporters on Sunday spiced up an offer to striking workers, seeking to end a more than two-week standoff that has bogged down exports from one of the world's main breadbaskets.The CIARA-CEC chamber said it would top up salaries by 35% in 2020, a central demand of the striking workers, many of whom stayed on the job through the height of the coronavirus pandemic. The group also offered a 70,000 peso (about $840) bonus…

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Argentina Port Workers to Spend Christmas on Strike

Argentine oilseed workers and grains inspectors said on Wednesday they will spend Christmas on strike, further bogging down agricultural exports by extending a work stoppage that started on Dec. 9.The latest offer from the CIARA-CEC chamber of soyoil manufacturers and exporters was issued late on Tuesday. It was rejected by the SOEA union of oilseed workers and the Argentine federation of oilseed workers."We and our families will spend Christmas on strike," said the two unions…

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Argentina: More than 100 Grains Cargo Ships Delayed by Port Workers Strike

More than 100 cargo ships were kept from loading agricultural goods in Argentina on Monday, as a wage strike by grains inspectors and oilseed workers stretched into its second week, paralyzing exports from one of the world's breadbaskets.Argentina is the No. 1 international exporter of soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia. Contract talks between workers and export companies have broken down over compensation packages, with both sides…

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Port Strikes Delay Grain Loadings in Argentina

The loading of five cargo ships in different grains ports in Argentina has been stalled for days due to strikes by port workers, the labor union representing the employees and an industry source said on Wednesday.ADM and the local ACA cooperative have each had a ship waiting since Saturday to complete cargo loading at the companies' terminals in Puerto General San Martín and San Lorenzo, the shipping hub north of Rosario, according to the URGARA union.Another ADM ship and one for Louis Dreyfus are also waiting to be loaded in the port of Bahía Blanca.

Argentina Grains Port Workers Strike Over Wages

Argentine grain port workers launched surprise strikes to protest stalled wage talks, their labor union said on Monday, delaying shipments from one of the world's top exporters."We are going to make surprise halts as much as we consider it necessary," said Juan Carlos Peralta, a spokesman for the URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships."It is a strike in one of the richest sectors in Argentina. We have exhausted…

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China Set to Become World's Top Corn Importer

China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies.A round of new import orders from China would make it the world’s top importer of corn for the first time and likely drive up global prices of corn and other grains. That would amplify food inflation caused by disruptions to global supply chains due to the coronavirus pandemic.Food security has emerged as a global theme during the pandemic…

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Argentine Grains Port Workers to Strike After Talks Collapse

A labor union representing Argentine grains port workers said on Sunday it would stage a 24-hour walk-off from midnight after failing to strike a deal on a collective work agreement with the business chamber that represents private port owners.The URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships, called on its workers to "cease all ... activity in ports throughout the country," in a statement released late Sunday.URGARA's workers are critical to the operation of ports and shipment of grains from Argentina…

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BIMCO: Agriculture Exports Make "Stunning Comeback"

BIMCO notes stunning comeback to Q2 agricultural exports nearly triple freight ratesAs agricultural dry bulk commodities exports took a dive in the first quarter of this year and painted a gloomy picture for Panamax and Handymax freight rates, a stunning second quarter comeback have nearly tripled freight rates.While total agricultural export volumes are now solidly up in the first half of the year, they are not mind-blowingly high, and export volumes in the first quarter of 2020 certainly offered little help.

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Argentina: Grains Port Workers Delay Strike

labor union representing Argentine grains port workers said on Thursday that it suspended a scheduled strike over wages after the government called for talks between the workers and their companies.The URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships, said the strike, previously set to begin on Friday, would hold off until an upcoming meeting scheduled by the government."In the framework of maintaining social peace, we…

(Photo: Liebherr)

Two Firsts for Liebherr Maritime Cranes

In May this year the LHM 420 was delivered to Euroamérica S.A. in Campana, Argentina, fully disassembled and due for handover in June 2020. A number of mobile harbor cranes are already in operation in Argentina and serviced by the experienced local engineers from Liebherr Argentina S.A. However, this was a first for them too: the complete assembly of an LHM 420.Due to the current pandemic situation worldwide, the engineer from the head office, Liebherr-MCCtec Rostock GmbH in Germany…

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Demand for Brazil Grains Rise as Argentine River Shipments Hit Snag

Global demand for Brazilian grains is growing as Argentina and Paraguay struggle with low water levels in a key river for agricultural shipments that is preventing ships from being fully loaded, a Brazilian trading company told Reuters on Thursday.Chief Executive Frederico Humberg of trading firm AgriBrasil said the company has sold three shipments of Brazilian corn where the buyer had initially sought to buy from Argentina."The buyer had purchased in Argentina, but ended up reverting to Brazil," Humberg said.Humberg said he knew of 10 shipments in total between AgriBrasil and other suppliers

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Parched Parana River Likely to Hit Argentine Grain Exports through September

Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities.Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production.An increasing number of ships are running aground and higher costs are pressuring margins at the giant soy crushing plants that make Argentina the world's top exporter of livestock feed…

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Collapsed Riverbank Disrupts Argentina's Exports

Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.Dredgers are working in the Parana to the south of the Rosario complex to try to restore the necessary depth of water for export traffic, but at present have no estimate of when normal operations on the grains superhighway can resume."Ships cannot leave because they do not have the adequate safety margin…

Pia Meling, president of WISTA Norway (Photo: WISTA)

National WISTA Associations Offer Free Membership for Seafarers

The Women’s International Shipping and Trading Association announced a new initiative aimed at helping seafarers.WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to offer free WISTA membership for seafarers through August 31, 2020. Membership allows seafarers to access the largest network of female managers in the shipping industry, as well as online seminars, webinars and workshops. The idea for the project came from WISTA Norway.Pia Meling…

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Brazil Agrees to Raise Level of the Parana River

Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare for grains shipments, Argentina's Foreign Ministry said on Friday.Decade-low water levels on the Parana are forcing Argentine exporters to load less soy and other grains on ships bound largely for China, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic.The agreement with Brazil will allow for an additional 1,400 cubic meters of water flow to be added to the river, the ministry said in a statement.

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Coronavirus Upends Global Food Supply Chains

In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows.It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that - dumping truck loads of fresh grapes to rot on compost heaps.The farmers cannot get their produce to consumers because of lockdowns that aim to stop the spread of coronavirus. In India…

The San Juan, before she was lost. Source: Ocean Infinity

Ocean Infinity’s Hunt for the Submarine San Juan

The search for the Argentinian submarine was like hunting for the proverbial needle in a hay stack, except that it was a piece of straw. Elaine Maslin reports. At 7.19am, local time, on November 15, 2017, the last message was received from the San Juan submarine. She belonged to the Argentinian navy and was on a routine mission from Ushuaia in the Patagonia region to Mar del Plata in Buenos Aires province when she lost contact with the military. Fifteen days later, neither the submarine nor any debris had been found and the crew of 44 sailors were presumed dead.

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US Trade Deficit Narrows for First Time in Six Years

The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.The report from the Commerce Department on Wednesday also showed the Trump administration’s “America First” agenda decreased the flow of goods last year, with exports posting their first decline since 2016. President Donald Trump, who has dubbed himself “the tariff man…

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US Raises Tariffs on Derivative Steel, Aluminum from Some Countries

U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles.Trump has imposed tariffs on imported steel and aluminum to help boost U.S.

Kalmar Hybrid RTGs for Argentina

Kalmar, the provider of cargo-handling solutions and services to ports and terminals,  is delivering two rubber-tyred gantry cranes (RTGs) with hybrid drivelines for Exolgan S.A. container terminal in Buenos Aires, Argentina.The order that follows the delivery of four hybrid RTGs to the terminal this December, was booked in Cargotec's 2019 Q4 order intake with delivery scheduled to take place in late 2020, said a press release from the unit of Cargotec.The Exolgan terminal in Buenos Aires is a container-handling port terminal with strategic road, rail and river transport connections.

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Commodities 2020? Reading the Trump, China Tea Leaves

As 2020 approaches, the year ends with the tantalising prospect of a trade deal between the United States and China. Again.Initial agreement to de-escalate the tariff war between the world's two biggest economies has been interpreted as a positive for the global economic outlook. But it's worth remembering that 2018 ended on a similar note - leaving the commodities outlook once again hostage to the whims of Donald Trump and Xi Jinping.In November last year, the U.S. President and his Chinese counterpart also reached a trade agreement of sorts at the G20 summit in Argentina.

WiseTech Global Acquires Ready Korea

Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution, which facilitates the lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verification, along with bonded warehouse management.Ready Korea also…

Source: BIMCO, US Census Bureau

BIMCO: No Change in US Imports of Steel Goods From Brazil

0.0%, no change in US imports of steel goods from Brazil despite quotaIn the first ten months of the year, the US imported 3.9 million tonnes of steel goods from Brazil, the same as was imported in the first ten months of 2017, despite the US putting in place quotas which was supposed to lower imports from the country.Brazil is the largest seaborne exporter of the tariffed steel goods to the USA, twice as large as South Korea, in second place.Brazil approaching its annual quotaIn May 2018…

Q4 2019  - Short Sea Shipping Ports