Pasaje de las Ciencias 75 - Office 02 – North Coral Plaza (1670) Nordelta, Tigre - Buenos Aires - Argentina

Tel: +54 11 4873 0802/0803 E-mail: operations@tt-maritime.com.ar

LATEST NEWS INCREASE ON ARGENTINE RIVER PLATE PILOTAGE

PLEASE BE INFORMED THAT AS A CONSEQUENCE OF ALL EXTRA COSTS INVOLVED DUE TO COVID-19 INCLUDING TRANSPORTS, PCR TESTS REQUIRED AND LONG STAYS FOR POSITIONING PILOTS, PILOTAGE COMPANIES INFORMED THAT THEY WOULD INCREASE THEIR TARIFFS AS FROM FEBRUARY 01ST, 2022 (SUCH INCREASE WOULD REPRESENT ABOUT USD 1,000 FOR INBOUND NAVIGATION & OTHER USD 1,000 FOR OUTBOUND NAVIGATION). SANITARY MEASURES AT ARGENTINE PORTS DUE TO COVID19 OMICRON VARIANT

PLEASE BE INFORMED THAT DUE TO NEW COVID19 VARIANT, OMICRON, SANITARY AUTHORITIES HAVE INFORMED THAT ALL VESSELS COMING FROM AFRICA WILL HAVE TO COMPLY WITH A 14 DAYS QUARANTINE AFTER SAILING FROM LAST AFRICAN PORT. CONSIDERING TRANSIT TIME FROM AFRICA AND OUR COUNTRY, IMPACT WOULD BE MINIMUN. MV NEMRUT BAY GROUNDED AT RAMALLO AREA - REFLOATED FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT MV NEMRUT BAY WAS REFLOATED ASSISTED BY TUG BOAT “RANQUEL” TODAY NOV 27TH AT 08:50 HRS AND SHE IS CURRENTLY ANCHORED AT KM 325 FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS. MV NEMRUT BAY GROUNDED AT RAMALLO AREA

PLEASE BE INFORMED THAT M/V NEMRUT BAY WENT AGROUND TODAY NOV 26TH AT 1340 HRS AT KM 313 OF PARANA RIVER (RAMALLO AREA) WHILE SHE WAS NAVIGATING UPRIVER TOWARDS SAN NICOLAS PORT CARRYING 22,000 MT OF FERTILIZERS ON A DRAFT OF 8.22 M FW. FOR TIME BEING VESSEL IS PERFORMING REFLOATING MANEUVERS BY HER OWN MEANS AND DOES NOT OBSTRUCT NAVIGATION. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN. TOWAGE SERVICES ON NOV 25TH WE REGRET TO INFORM YOU THAT THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, THE MARITIME WORKERS UNION (S.O.M.U.), AND OTHERS INVOLVED WORKERS UNIONS ANNOUNCED THAT THEY WILL STOP THEIR ACTIVITIES AS FROM NOVEMBER 25TH AT 00:00 HS TO NOVEMBER 26TH AT 00:00 HS DUE TO MERCHANT SEAFARER`S DAY AS A CONSEQUENCE OF THE ABOVE, VESSELS THAT REQUIRE TOWAGE ASSISTANCE FOR BERTHING/UNBERTHING WOULD BE AFFECTED/PREVENTED TO DO SO. THIS WILL AFFECT THE PORTS OF BAHIA BLANCA, NECOCHEA, BUENOS AIRES & UPRIVER. THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) TO MOTOR TANKERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. TOWAGE FORCE MEASUREMENTS IN ARGENTINA

PLEASE BE INFORMED THAT THE CENTRE OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE ANNOUNCED THAT AS FROM NOVEMBER 23RD AT 00:00 HS, TUGBOAT SERVICES WILL BE PROVIDED ONLY AS FROM 07:00 T0 19:00 HRS DUE TO A DISPUTE OVER THE WORKING SCHEDULE PROPOSED BY THE CHAMBER OF TUGBOATS. THIS MEASURE AFFECTS THE PORTS OF BAHIA BLANCA & NECOCHEA. THERE WILL BE A MEETING BETWEEN PARTIES INVOLVED TO TAKE PLACE TODAY AT 07:00 HRS. MV VENUS HARMONY GROUNDED AT ROSARIO AREA PLEASE BE INFORMED THAT M/V VENUS HARMONY WENT AGROUND TODAY NOV 09TH AT 0600 HRS AT KM 408 OF PARANA RIVER (ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 25,000 MT OF SBM AT CARGILL VGG, ROSARIO PORT BOUND TO AUSTRALIA ON A DRAFT OF 9.80 M FW. TUG BOATS COOPOR ESTIBADOR I AND COOPOR ESTIBADOR II WILL ARRIVE AT ABT 1230 HRS TO ASSIST HER IN REFLOATING MANEUVERS. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS. UPDATE // OIL WORKERS UNION STRIKE AT SAN LORENZO PORT - LIFTED FURTHER TO OUR BELOW MESSAGE, WE ARE GLAD TO INFORM THAT A COMPULSORY CONCILIATON WAS IMPOSED TODAY AT 15:00 HRS & UNION MEMBERS/WORKERS ARE RETURNING TO THEIR JOBS, REASON WHY IT IS EXPECTED THAT OPERATIONS AT AFFECTED TERMINALS WOULD RESUME SHORTLY. UPDATE // OIL WORKERS UNION STRIKE AT SAN LORENZO PORT

FURTHER TO OUR BELOW MESSAGE, WE REGRET TO INFORM THAT OIL WORKERS UNION DECIDED TO EXTEND THE STRIKE FOR 24 HRS INCLUDING ALL TERMINALS FROM SAN BENITO TO RENOVA TIMBUES AT SAN LORENZO PORT, EXCEPT FOR THOSE THAT PRODUCE ONLY GRAINS AND DISCHARGE FERTILIZERS, WHICH ARE: • AGD TIMBUES • ACA TIMBUES AND SAN LORENZO • PROFERTIL • TFA OIL WORKERS UNION STRIKE AT SAN LORENZO PORT WE REGRET TO INFORM YOU THAT OIL WORKERS UNION COMMENCED A STRIKE THIS MORNING AFFECTING FOLLOWING TERMINALS: . DEMPA TERMINAL: LOADING OPERATIONS OF M/V PALAU WERE INTERRUPTED TODAY AT ABT 09:00 HRS. . PAMPA TERMINAL: THERE ARE NO VESSELS CURRENTLY ALONGSIDE. . TERMINAL 6: LOADING OPERATIONS OF M/V LINA AKSOY (NORTH BERTH) & M/V GENCO HUNTER WERE INTERRUPTED TODAY AT ABT 11:00 HRS. OPERATIONS AT OTHER TERMINALS IN THE AREA REMAIN NORMAL. DRAFT FORECAST // PARANA RIVER, ARGENTINA AS YOU MIGHT HAVE READ IN OUR DAILY UPDATES, PARANA RIVER LEVELS REMAIN ON THE LOW SIDE ALTHOUGH THERE HAS BEEN A CONSIDERABLE INCREASE ON THE DRAFT DURING LAST WEEK. AS A MATTER OF FACT, TODAY´S MAX SAILING DRAFT AT MOST OF THE TERMINALS IN SAN LORENZO/ROSARIO/SAN NICOLAS AREA IS IN THE RANGE OF 9.66/9.74M FW. RIVER LEVEL IN THE NORTH OF THE COUNTRY (IGUAZU-CORRIENTES AREA) THAT ALLOWS US TO HAVE AN IDEA OF WHAT COULD BE EXPECTED IN THE NEXT 10-15 DAYS REMAINS QUITE STABLE, WHICH LEAD US TO THINK THAT DRAFT UP-RIVER IN THE WEEKS TO COME WOULD REMAIN MORE OR LESS ON THE SAME LEVELS. BELOW MAP SHOWS THAT THERE ARE SOME RAINS EXPECTED FOR THE NEXT 7 DAYS IN THE SOUTH OF BRAZIL (SEE BELOW), BUT NOT AS MUCH AS NECESSARY FOR REPRESENTING A POSITIVE INFLUENCE ON THE PARANA RIVER.

MOREOVER THERE AREN´T ANY STRONG SE WINDS EXPECTED IN THE SHORT TERM, WHICH COULD GIVE A SPORADIC BOOST TO THE RIVER LEVEL AS THEY ACT AS A

KIND OF CORK IN THE MOUTH OF THE RIVER PLATE (ALTHOUGH THEY DON´T REPRESENT A “REAL” IMPROVEMENT IN THE MID/LONG TERM):

HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT SAN LORENZO, ROSARIO & SAN NICOLAS AREAS FOR THE WEEKS/MONTHS TO COME:

SAN LORENZO, ROSARIO & SAN NICOLAS AREA

1ST HALF NOVEMBER 9.60/9.90M FW 2ND HALF NOVEMBER 9.50/9.80M FW 1ST HALF DECEMBER 9.30/9.60M FW 2ND HALF DECEMBER 9.10/9.40M FW

LAST BUT NOT LEAST, KINDLY FIND HEREUNDER UPDATED DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS (IT´S IMPORTANT TO HIGHLIGHT DREDGING OPERATIONS CARRIED OUT AT SAN NICOLAS ACCESS CHANNEL, WHICH WERE COMPLETED BY MAY 2020):

INCIDENT AT LA PLATA ACCESS CHANNEL WE REGRET TO INFORM YOU THAT THIS MORNING WHILE M/T PUNTA MEDANOS WAS ENTERING AT LA PLATA PORT ASSISTED BY 2 TUGBOATS (AS IT´S THE USUAL CASE AT SAID PORT), SHE COLLIDED FORE TUG “RUA II”. AS A CONSEQUENCE OF THE ABOVE COLLISION, TUG “RUA II” SANK A SHORT WHILE AFTER (GLADLY NOBODY WAS INJURED). NAVIGATION THROUGH LA PLATA ACCESS CHANNEL WAS CLOSED BY COAST GUARD & FURTHER INVESTIGATIONS ARE TAKING PLACE. FYG THIS IS ONE OF THE 3 PORTS, WHERE BUNKER BARGES SUPPLYING AT ZONA COMUN USUALLY REPLENISH THEMSELVES, REASON WHY THERE COULD BE SOME DELAYS IN THE BUNKERING SCHEDULES UNTIL NAVIGATION AT SAID CHANNEL IS RESTORED. PS. YOU WILL FIND A COUPLE OF VIDEOS OF THE INCIDENT AT THE FOLLOWING LINK IN CASE OF INTEREST: HTTPS://WWW.INFOBLANCOSOBRENEGRO.COM/NOTA/85899/VIDEOS-UN-BARCO-REMOLCADOR-SE-HUNDIO-EN-EL-PUERTO-LA-PLATA-LUEGO-DE-SER-CHOCADO-POR-UN-BUQUE-TANQUE-DE-COMBUSTIBLE/ MV GOOD LUCK GROUNDED & REFLOATED

PLEASE BE INFORMED THAT M/V GOOD LUCK WENT AGROUND TODAY OCT 04TH AT 0100 HRS AT KM 387.00 OF PARANA RIVER (SAN PEDRO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 40,000 MT OF CORN AT LDC GENERAL LAGOS, ROSARIO PORT BOUND TO VIETNAM ON A DRAFT OF 09.44M FW & WAS REFLOATED BY HER OWN MEANS AT 0200 HRS. SHE IS CURRENTLY ANCHORED AT SAN PEDRO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS. UPDATE ON COVID-19 QUARANTINE MEASURES AT ARGENTINE PORTS FURTHER TO OUR MANY UPDATES REGARDING THIS MATTER, WE ARE GLAD TO INFORM THAT STEVEDORES UNION AT NECOCHEA WILL NO LONGER REQUIRE ANY KIND OF QUARANTINE FOR VESSELS ARRIVING FROM ABROAD (STARTING TODAY).

IN VIEW OF THE ABOVE, NO ARGENTINE PORTS WILL REQUIRE ANY KIND OF QUARANTINE FROM NOW ONWARDS AS LONG AS VESSELS COMPLY WITH SANITARY FORMS/REQUIREMENTS & CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS.

INCREASE ON TOWAGE TARIFF AT NUEVA PALMIRA & FRAY BENTOS PORTS, URUGUAY PLEASE BE INFORMED THAT TOWAGE SERVICE AT NUEVA PALMIRA & FRAY BENTOS PORTS WILL BE INCREASED BY 20% AS FROM SEPTEMBER 20TH, 2021. ON OTHER HAND, CURRENT SERVICE PROVIDER INFORMED THAT THEY WOULD CHARGE AN ADDITIONAL 100% SURCHARGE TO ALL VESSELS MOORING/UNMOORING AT/FROM NAVIOS TERMINAL IN NUEVA PALMIRA. APPARENTLY THIS IS RELATED TO THE SETTLEMENT OF A NEW TOWAGE COMPANY IN THE AREA. URUGUAYAN SEAMEN UNION (SUNTMA) STRIKE WE REGRET TO INFORM YOU THAT URUGUAYAN SEAMEN UNION (SUNTMA) HAVE STARTED AN UNANNOUNCED STRIKE TODAY SEP 10TH FROM 0900 UNTIL 1300 HRS.

IN VIEW OF THE ABOVE, OPERATIONS AT URUGUAYAN PORTS COULD BE AFFECTED/INTERRUPTED DURING SAID PERIOD OF TIME & RIVER PLATE PILOTS´ EMBARKATION/DISEMBARKATION AT RECALADA P/S MIGHT SUFFER DELAYS AS WELL.

UPDATE ON COVID-19 QUARANTINE MEASURES AT ARGENTINE PORTS FURTHER TO OUR BELOW UPDATE FROM LAST MONDAY, PLEASE NOTE THAT NECOCHEA AUTHORITIES HAVE CLARIFIED HOW THE QUARANTINE PERIOD WOULD WORK THERE FROM NOW ON. A. VESSELS COMING DIRECTLY FROM A PORT ABROAD WOULD STILL HAVE TO COMPLY WITH THE 14 DAYS QUARANTINE IMPOSED BY STEVEDORES UNION. B. VESSELS THAT DON´T COMPLY WITH THE 14 DAYS QUARANTINE FROM THE LAST PORT OF CALL ABROAD, BUT HAVE CALLED AN ARGENTINE PORT BEFORE NECOCHEA (MEANING THEY HAVE FREE PRATIQUE ALREADY GRANTED), WOULD BE ALLOWED TO PROCEED ALONGSIDE WITH ONLY 7 DAYS QUARANTINE FROM THE LAST PORT OF CALL ABROAD, PROVIDED ALL CREW ON BOARD HAS BEEN CHECKED BY A DOCTOR & TESTED NEGATIVE (IF A CREWMEMBER TURNS OUT TO BE POSITIVE, VESSEL WOULD BE INTERDICTED FOR AT LEAST 14 DAYS WITHOUT BEING ABLE TO PERFORM ANY OPERATION). HAVING SAID THE ABOVE, KINDLY FIND HEREUNDER A BRIEF RECAP OF QUARANTINE MEASURES BEING APPLIED AT DIFFERENT ARGENTINE PORTS: . UPRIVER: NO QUARANTINE APPLIES PROVIDED VESSEL COMPLIES WITH SANITARY FORMS/REQUIREMENTS & CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS. . NECOCHEA: AS PER ABOVE. . BAHIA BLANCA: NO QUARANTINE APPLIES PROVIDED VESSEL COMPLIES WITH SANITARY FORMS/REQUIREMENTS & CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS. SANITARY AUTHORITIES INSTRUCTIONS TO BE APPLIED IN FOREIGN FLAG VESSELS WITH POSITIVE CASE/S OF SARS-COV-2 (COVID-19) PLEASE BE INFORMED THAT UPON DETECTION OF A POSITIVE CASE FOR SARS-COV-2 IN A FOREIGN FLAG VESSEL, IT SHOULD BE GIVEN INTERVENTION TO THE DOCTOR OF THE AGENCY, COMPANY OR PORT IN ORDER TO DETERMINE THE PATIENT'S HEALTH STATUS AND INDICATE IF IT IS REQUIRED HOSPITALIZATION IN A HEALTH CENTER, OTHERWISE CREW MEMBER/S MUST BE ISOLATED ON BOARD, (IF VESSEL´S CONDITION ALLOWS IT). THE REST OF THE CREW IS CONSIDERED BY DEFINITION

AS “CLOSE CONTACT” AND A PCR TEST MUST BE CARRIED OUT TO IDENTIFY OR RULE OUT THAT THERE ARE NO MORE POSITIVE CASES ON BOARD. IF ONE OR MORE PASSIVE CASES ARE DETECTED, THE SAME BEHAVIOR DESCRIBED ABOVE MUST BE TAKEN. THE VESSEL WILL REMAIN IN QUARANTINE FOR A PERIOD OF FOURTEEN (14) DAYS (PERIOD THAT LASTS THE ISOLATION OF THE “CLOSE CONTACTS”), FROM THE LAST POSITIVE RESULT, RESTRICTING ALL TYPES OF OPERATIONS AND LEAVING THE SAME SUBJECT TO THE INDICATION AND / OR AUTHORIZATION OF THE NATIONAL HEALTH AUTHORITY, ACCORDING TO CURRENT PROTOCOLS. THE POSITIVE CREW MEMBER/S MUST REMAIN ISOLATED IN THEIR CABINS, WITHOUT CONTACT WITH THE REST OF THE CREW COMPLYING WITH THE MEASURES DEFINED IN THE PROTOCOLS IN FORCE FOR THIS PURPOSE. ONCE THE FOURTEEN (14) DAY ISOLATION PERIOD HAS BEEN COMPLETED, A NEW PCR ANALYSIS MUST BE PERFORMED ON THE REST OF THE CREW DEFINED AS “CLOSE CONTACT” WITH THE PURPOSE OF RULING OUT NEW CHAIN INFECTIONS. IF ALL ARE NEGATIVE, THE ISOLATION WILL BE TERMINATED AND THE INTERDICTION OF THE VESSEL MAY BE LIFTED. HOWEVER, IT IS APPROPRIATE TO MENTION THAT DIAGNOSTIC TESTS SUCH AS PCR OR ANTIGEN TEST MAY BE CARRIED OUT ON THE CREW MEMBERS WHO HAVE TESTED NEGATIVE, PRIOR TO FOURTEEN (14) DAYS, LEAVING THE SAME FOR THE CONSIDERATION OF THE SHIPOWNER, AGENCY OR TREATING PHYSICIAN TO RULE OUT EARLY POSSIBLE NEW INFECTIONS ON BOARD. IF ONE OR MORE NEW POSITIVE CASES ARE DETECTED, THE ISOLATION PERIOD OF FOURTEEN (14) DAYS WILL BE COUNTED AGAIN AS FROM THE LAST REGISTERED CASE. THIS DOES NOT RULE OUT THE OBLIGATION TO CARRY OUT THE PCR TESTS AT THE END OF THE PERIOD OF ISOLATION INSTRUCTED BY THE HEALTH AUTHORITY FOR ALL CREW MEMBERS WHO HAVE NOT BEEN POSITIVE. LAST BUT NOT LEAST, ALL CREW MEMBERS ON BOARD A VESSEL WITH CONFIRMED CASE/S WILL BE CONSIDERED AS “CLOSE CONTACT”.

UPDATE ON COVID-19 QUARANTINE MEASURES AT ARGENTINE PORTS PLEASE BE INFORMED THAT THERE HAVE BEEN SEVERAL MEETINGS AT NECOCHEA PORT BETWEEN DIFFERENT PARTIES INVOLVED ON VESSELS´ OPERATIONS (PORT CONSORTIUM, UNIONS & SHIPPERS/TERMINAL OPERATORS) & IT HAS BEEN VERBALLY INFORMED THAT 14 DAYS QUARANTINE BEING IMPOSED AT SAID PORT BY STEVEDORES UNION FOR ALL VESSELS COMING FROM ABROAD, WOULD NOW BE REDUCED DOWN TO 7 DAYS PROVIDED VESSELS PRESENT A NEGATIVE PCR TEST OF EACH CREWMEMBER PERFORMED 7 DAYS AFTER SAILING FROM THE LAST PORT OF CALL ABROAD. ON TOP OF THE ABOVE, A MEDICAL INSPECTION/CERTIFICATE SHOWING THAT ALL CREW IS HEALTHY & WITHOUT COVID-19 SYMPTOMS WOULD BE REQUIRED. FURTHER DETAILS ON THE PROCEDURE/REQUIREMENTS OF THIS MEDICAL INSPECTION ARE STILL BEING DISCUSSED & WOULD PROBABLY BE KNOWN/DISCLOSED IN THE DAYS TO COME… HAVING SAID THE ABOVE, KINDLY FIND HEREUNDER A BRIEF RECAP OF QUARANTINE MEASURES BEING APPLIED AT DIFFERENT ARGENTINE PORTS: . UPRIVER: NO QUARANTINE APPLIES PROVIDED VESSEL COMPLIES WITH SANITARY FORMS/REQUIREMENTS & CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS. . NECOCHEA: THERE AREN´T ANY SANITARY RESTRICTIONS BUT STEVEDORES UNION WON´T GRANT SERVICES TO VESSELS THAT DON´T COMPLY WITH 14 DAYS QUARANTINE FROM THE LAST PORT OF CALL ABROAD. IF THE ABOVE INFORMATION IS RE-CONFIRMED, STEVEDORES UNION WOULD ACCEPT TO GRANT SERVICES TO VESSELS WITH ONLY 7 DAYS QUARANTINE FROM THE LAST PORT OF CALL ABROAD PROVIDED ALL CREW PRESENTS A NEGATIVE PCR TEST + MEDICAL INSPECTION/CERTIFICATE PERFORMED 7 DAYS AFTER SAILING FROM THE LAST PORT OF CALL ABROAD). NEEDLESS TO SAY, VESSELS WOULD ALSO HAVE TO COMPLY WITH SANITARY FORMS/REQUIREMENTS BEING REQUESTED AT OTHER PORTS. . BAHIA BLANCA: NO QUARANTINE APPLIES PROVIDED VESSEL COMPLIES WITH SANITARY FORMS/REQUIREMENTS & CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS. DRAFT FORECAST // PARANA RIVER, ARGENTINA

CLIMATE CHANGE & GLOBAL WARMING ARE NO LONGER A FUTURE PROBLEM BUT OUR REALITY… DROUGHT IN THE SOUTH OF BRAZIL SO AS NORTH OF OUR COUNTRY PERSIST & WEATHER FORECASTS DON´T SHOW ANY CONSIDERABLE RAINS IN THE NEXT COUPLE OF WEEKS THAT COULD LEAD US TO THINK THAT THERE COULD BE AN IMPROVEMENT SOON.

ALL REPORTS POINT OUT THAT THE WORST IS STILL TO COME & NATIONAL WATER INSTITUTE IS NOW SHOWING THAT OCTOBER WOULD HIT THE LOWEST LEVELS OF THE YEAR. AS A CONSEQUENCE OF THESE HISTORICAL LOW LEVELS, ANY SPORADIC RAINS IN THE CENTRE/NORTH OF THE COUNTRY SO AS STRONG SE WINDS THAT MIGHT BLOW IN THE AREA FOR A COUPLE OF DAYS MIGHT CONSIDERABLY IMPROVE WATER LEVEL IN THE PARANA RIVER. AS A MATTER OF FACT, THERE ARE CURRENTLY SE WINDS BLOWING IN THE AREA BUT EVEN NOT STRONG ENOUGH TO GIVE A QUICK BOOST TO THE RIVER LEVEL (ALTHOUGH IT MIGHT SOFTEN A BIT THE DROPPING TENDENCY): HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT SAN LORENZO-ROSARIO & SAN NICOLAS AREAS FOR THE WEEKS/MONTHS TO COME: SAN LORENZO-ROSARIO AREA PUERTO NUEVO, SAN NICOLAS LAST WEEK AUGUST 8.45/8.75M FW 9.15/9.45M FW 1ST HALF SEPTEMBER 8.35/8.65M FW 9.10/9.40M FW 2ND HALF SEPTEMBER 8.20/8.50M FW 8.95/9.25M FW 1ST HALF OCTOBER 8.10/8.40M FW 8.90/9.20M FW 2ND HALF OCTOBER 7.95/8.25M FW 8.80/9.10M FW

LAST BUT NOT LEAST, KINDLY FIND HEREUNDER UPDATED DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS (IT´S IMPORTANT TO HIGHLIGHT DREDGING OPERATIONS CARRIED OUT AT SAN NICOLAS ACCESS CHANNEL, WHICH WERE COMPLETED BY MAY 2020):

MV XENIA – GROUNDING AT TIMBUES AREA

PLEASE BE INFORMED THAT TODAY (AUGUST 13RD) MV XENIA WENT AGROUND WHEN SHE WAS SAILING FROM RENOVA SOUTH BERTH LOADED WITH SOME 42,000 MT SBM+SHPL, DUE TO AN APPARENT MAIN ENGINE FAILURE. AS PER OFF THE RECORD INFORMATION, TUG ASSISTANCE WOULD BE REQUIRED. SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COASTGUARD. DUE TO THIS INCIDENT, OPERATIONS AT RENOVA SOUTH BERTH & RENOVA NORTH BERTH ARE AFFECTED. URUGUAYAN SEAMEN UNION (SUNTMA) STRIKE WE REGRET TO INFORM YOU THAT URUGUAYAN SEAMEN UNION (SUNTMA) HAVE ANNOUNCED A STRIKE FOR AUGUST 18TH, 2021, FROM 0900 UNTIL 1400 HRS.

IN VIEW OF THE ABOVE, OPERATIONS AT URUGUAYAN PORTS COULD BE AFFECTED/INTERRUPTED DURING SAID PERIOD OF TIME & RIVER PLATE PILOTS´ EMBARKATION/DISEMBARKATION AT RECALADA P/S MIGHT SUFFER DELAYS AS WELL.

MV ROSCO PLUM GROUNDED & REFLOATED PLEASE BE INFORMED THAT M/V ROSCO PLUM WENT AGROUND TODAY AUG 08TH AT KM 47.00 OF MARTIN GARCIA CHANNEL DUE TO MAIN ENGINE FAILURE WHILE SHE WAS NAVIGATING UPSTREAM BOUND UNIT VI, ROSARIO PORT. SHE WAS OBSTRUCTING THE CHANNEL, REASON WHY UP & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COASTGUARD, BUT FORTUNATELY SHE WAS REFLOATED BY HER OWN MEANS & IS NOW ANCHORED AT ZONA COMUN FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES.

NAVIGATION HAS BEEN RESTORED.

M/V CHRIS REFLOATED - NAVIGATION IN THE PARANA RIVER RESTORED WE ARE GLAD TO INFORM THAT M/V CHRIS WAS REFLOATED FROM KM 174.3 OF THE PARANA RIVER TODAY AT 03:40 HRS ASSISTED BY TUG BOATS “VIRADOR” & “ZONDA”. SHE WAS INSTRUCTED BY COAST GUARD TO PROCEED TO KM 238 OF THE PARANA RIVER IN ORDER TO CARRY OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH CASUALTY AREA WAS RESTORED BY COAST GUARD TODAY AT 04:10 HRS & THERE ARE NO SPECIAL RESTRICTIONS FOR TRANSITING SAID AREA BESIDES THE USUAL DRAFT RESTRICTIONS. GROUNDING IN THE PARANA DE LAS PALMAS RIVER - M/V CHRIS PLEASE BE INFORMED THAT TODAY (AUGUST 06TH) AT 13:14 HRS M/V CHRIS WENT AGROUND AT KM 174.3 OF THE PARANA DE LAS PALMAS RIVER DUE TO MAIN ENGINE FAILURE WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 24,774.80 MT OF CORN AT RENOVA BERTH, SAN LORENZO PORT ON A DRAFT OF 8.73 M FW. SHE WAS SCHEDULED TO TOP OFF AT BAHIA BLANCA PORT. SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COASTGUARD. ENGINE REPAIRS ARE EXPECTED TO TAKE ABOUT 8 HOURS. QUARANTINE UPDATE AT ARGENTINE PORTS WE ARE GLAD TO INFORM THAT AFTER A LONG TIME, IT WAS FINALLY DECIDED TO REMOVE THE MEASURES TAKEN IN BAHIA BLANCA THAT FORCED VESSELS COMING FROM FOREIGN COUNTRIES TO REMAIN AT ROADS IN QUARANTINE IF THEY DID NOT HAVE AT LEAST 14 DAYS OF NAVIGATION FROM THE LAST PORT. FROM NOW ON, VESSELS´ CAPTAINS MUST COMPLY BY SENDING THE DOCUMENTATION REQUIRED BY AGENTS/SANITARY AUTHORITIES AS IT IS MADE ON UP RIVER PORTS. ON THE OTHER HAND, PLEASE NOTE BELOW HOW THE SITUATION IS MAINTAINED IN THE REMAINING PORTS:

- UPRIVER: NO QUARANTINE APPLIES. quarantine is compulsory only when crew members have COVID-19 or any symptons

- NECOCHEA: STILL REQUIRING 14 SAILING DAYS FROM THE LAST PORT FOR

VESSELS COMING FROM FOREING COUNTRIES.

INCIDENT AT BUNGE PLANT - SAN LORENZO PORT

PLEASE BE INFORMED THAT TODAY AUG 02ND IN THE MORNING THERE WAS AN INCIDENT AT BUNGE’S PLANT AT SAN LORENZO PORT, WHERE A SILO FULLED OF CORN COLLAPSED & APPARENTLY 2 WORKER SUFFERED MINOR INJURIES. ALTHOGH THERE IS NOT OFFICIAL INFORMATION ABOUT THIS INCIDENT, OPERATIONS AT PAMPA & DEMPA TERMINALS ARE SUSPENDED. LNG CARRIER “HOEGH ESPERANZA” REFLOATED // NAVIGATION RESTORED FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT COAST GUARD HAS RESTORED THE NAVIGATION THROUGH THE CASUALTY AREA TODAY JUL 31ST AT 0630 HRS WITHOUT ANY SPECIAL RESTRICTION.

LNG CARRIER “HOEGH ESPERANZA” REFLOATED PLEASE BE INFORMED THAT TODAY (JUL 30TH) AT 19:20 HRS LNG CARRIER “HOEGH ESPERANZA” WAS REFLOATED ASSISTED BY TUG BOAT “MADRUGADOR”. SHE WILL PROCEED TO ZONA COMUN (ETA JUL 31ST/0030 HRS) FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH CASUALTY AREA REMAINS CLOSED BY COAST GUARD, AND ONLY VESSELS WITH A MAX DRAFT OF 6.00M FW ARE ALLOWED TO PROCEED UP/DOWNSTREAM. WILL LET YOU KNOW AS SOON AS NAVIGATION IS COMPLETELY RESTORED.

LNG CARRIER “HOEGH ESPERANZA” GROUNDED PLEASE BE INFORMED THAT ON JULY 29TH AT 20:30 HRS LNG CARRIER “HOEGH ESPERANZA” WENT AGROUND AT PAR 21/KM 145 OF PUNTA INDIO CHANNEL AT A DRAFT OF 9.70M FW. FOR TIME BEING, SHE IS NOT OBSTRUCTING THE CHANNEL BUT DUE TO SAFETY REASONS, ONLY VESSELS WITH A DRAFT LOWER THAN 6.00 M FW COULD BE AUTHORIZED BY COASTGUARD TO NAVIGATE THROUGH THE AREA. SINCE REFLOATING MANEUVERS WITH TUG BOAT WERE UNSUCCESSFUL. IT IS PLANNED TO ADD A SECOND TUGBOAT AS FROM TODAY AT 21:00 HS IN ORDER TO CONTINUE THE REFLOATING MANEUVERS. STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA // UPDATE

FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT STEVEDORES UNION (SUPA) STRIKE ANNOUNCED FOR JULY 30TH AT 00:00 HRS FOR 48 HRS FOR BAHIA BLANCA PORT WILL ALSO AFFECT NECOCHEA PORT & FOLLOWING TERMINALS FROM ROSARIO PORT:

TPR - GUIDE UNIT VI & VII CARGILL VGG CARGILL PUNTA ALVEAR ADM AGRO ARROYO SECO

STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA

WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) HAVE ANNOUNCED TODAY THAT THEY WILL COMMENCE A 48 HRS STRIKE AT BAHIA BLANCA PORT AS FROM JULY 30TH AT 00:00 HRS. THIS STRIKE WAS MOTIVATED AND IN DEFENSE OF A WORKERS UNION PROTEST IN CONCEPCION DEL URUGUAY PORT THAT ENDED WITH AGRESSIONS. VESSEL´S OPERATIONS WOULD BE AFFECTED AT BAHIA BLANCA PORT.

STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA // FULLY LIFTED FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT THE STEVEDORES UNION (SUPA) DECIDED TO LIFT THE FORCE MEASURES TODAY AS FROM 18:10 HRS, RETURNING OPERATIONS AFFECTED TO NORMAL.

STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) HAVE COMMENCENCED A STRIKE AT BAHIA BLANCA PORT AS FROM TODAY (JULY 15TH) AT 15:50 HRS FOR AN INDETERMINATE PERIOD OF TIME. THIS STRIKE WAS MOTIVATED AND IN DEFENSE OF A WORKERS UNION PROTEST IN CONCEPCION DEL URUGUAY THAT ENDED WITH AGRESSIONS. VESSEL´S OPERATIONS WOULD BE AFFECTED AT BAHIA BLANCA PORT.

FISHERMEN WORKERS UNION STRIKE AT BAHIA BLANCA PORT

WE REGRET TO INFORM THAT FISHERMEN WORKERS UNION COMMENCED A PROTEST TODAY AT BAHIA BLANCA PORT CLAIMING AN ECONOMIC REDRESS DUE TO CONTAMINATION AND UNHEALTHING ISSUES IN THE ACCTIVITY THEY PERFORM, BLOCKING THE ACCESS TO SHORE SCALE GATE & TRUCKS ENTANCE. SAME WILL AFFECT PORT ACTIVITIES AT FOLLOWING TERMINALS AT BAHIA BLANCA PORT: • GALVAN 2/3 (VITERRA/EX GLENCORE) • GALVAN 5 WORKERS UNION STRIKE AT SAN LORENZO PORT WE REGRET TO INFORM THAT CONSTRUCTION WORKERS UNION (UOCRA) COMMENCED AN UNNANUNCED STRIKE TODAY AT SAN LORENZO DUE TO A SALARY DISPUTE, BLOCKING THE ACCESS TO THE TERMINAL TO WORKERS & TRUCKS. SAME WILL AFFECT PORT ACTIVITIES AT FOLLOWING TERMINALS AT SAN LORENZO PORT: • RENOVA TIMBUES NORTE • RENOVA TIMBUES SUR • COFCO TIMBUES SUR • LDC TIMBUES • ACA TIMBUES • AGD TIMBUES • MINERA ALUMBRERA • TERMINAL 6 NORTE • TERMINAL 6 SUR

• ARAUCO • QUEBRACHO • COFCO PGSM NORTE • COFCO PGSM SUR • PAMPA • DEMPA • SAN BENITO DRAFT FORECAST // PARANA RIVER, ARGENTINA WHEN WE THOUGHT WE TOUCHED ROCK BOTTOM, UPDATED FORECASTS PROVED US WRONG & SHOWED US THAT SITUATION COULD GET EVEN WORSE! EXTREMELY DRY CONDITIONS IN THE SOUTH OF BRAZIL SO AS NORTH OF OUR COUNTRY DON´T STOP, ON THE CONTRARY THEY ARE HITTING NEW UNEXPECTED LEVELS. JUST 15-20 DAYS AGO, ARGENTINE WATER AUTHORITIES WERE PREDICTING THAT SITUATION MIGHT SLOWLY START TO IMPROVE BY THE BEGINNING OF AUGUST & NOW IT SEEMS THAT THE LIGHT AT THE END OF THE TUNNEL IS GETTING FURTHER AWAY INSTEAD OF CLOSER… MOREOVER THERE IS STILL NO WATER COMING FROM THE SOUTH OF BRAZIL & THERE ARE NO RAINS AT ALL EXPECTED FOR THE NEXT 7 DAYS, WHICH LEAD US TO THINK THAT SAID FORECASTS SEEM PRETTY ACCURATE:

ONLY SE WINDS MIGHT GIVE A SPORADIC RELIEF TO THIS CRITICAL SITUATION FROM TIME TO TIME AS THEY ACT AS A KIND OF CORK IN THE MOUTH OF THE RIVER PLATE (ALTHOUGH THERE ARE NONE ANNOUNCED IN THE SHORT TERM), BUT THEY WOULD CERTAINLY NOT MEAN A REAL IMPROVEMENT IN THE MID/LONG TERM.

HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT ROSARIO/SAN LORENZO & SAN NICOLAS AREA FOR THE WEEKS TO COME: ROSARIO / SAN LORENZO PUERTO NUEVO, SAN NICOLAS 1ST HALF JULY 8.90/9.20M FW 9.30/9.60M FW 2ND HALF JULY 8.70/9.00M FW 9.10/9.40M FW 1ST HALF AUGUST 8.50/8.80M FW 9.00/9.30M FW 2ND HALF AUGUST 8.30/8.60M FW 8.80/9.10M FW 1ST HALF SEPTEMBER 8.20/8.50M FW 8.70/9.00M FW LAST BUT NOT LEAST, KINDLY FIND HEREUNDER UPDATED DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS (IT´S IMPORTANT TO HIGHLIGHT DREDGING OPERATIONS CARRIED OUT AT SAN NICOLAS ACCESS CHANNEL, WHICH WERE COMPLETED BY MAY 2020):

DRAFT AT LDC GENERAL LAGOS BERTHS PLEASE BE INFORMED THAT AFTER SOUNDING PROVIDED BY LDC GENERAL LAGOS AUTHORITIES, COASTGUARD GRANTED A NEW CALCULATION TO BE APPLIED, WHICH IS 9.90 M AT ZERO LEVEL + AVEGARE RIVER LEVEL FROM VILLA CONSTITUCION & ROSARIO - UKC OF 0.60M, ALLOWING MAX ARRIVAL/SAILING DRAFT AT/FROM LDC GENERAL LAGOS DRY & OIL BERTHS TO INCREASE, BEING TODAYS' MAX DRAFT 9.40 M INSTEAD OF 7.70 M. M/V ICE RUNNER GROUNDED & REFLOATED PLEASE BE INFORMED THAT ON JUNE 23RD AT 21:30 HRS M/V ICE RUNNER WENT AGROUND WHEN SHE WAS PERFORMING UNBERTHING MANEUVERING AT EUROAMERICA BERTH, CAMPANA PORT LOADED WITH SOME 1,022 MT OF CITRUS BOUND UNITED STATES IN A DRAFT OF 9.20M FW & WAS REFLOATED TODAY (JUNE 25TH) AT 00:58 HRS ASSISTED BY TUGBOATS “TRIUNFADOR” & “MADRUGADOR”. SHE IS CURRENTLY ANCHORED AT KM 82 OF PARANA DE LAS PALMAS RIVER FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS. GROUNDING IN THE PARANA RIVER - M/V LA CHESNAIS // REFLOATED

FURTHER TO OUR BELOW MESSAGE, WE ARE PLEASED TO INFORM YOU THAT M/V LA CHESNAIS WAS REFLOATED TODAY (JUNE 23RD) AT 06:00 HRS ASSISTED BY TUG BOATS “BURONDI”, “BRUTUS” & “COOPOR ESTIBADOR II” AND SHE DROPPED ANCHORS AT RAMALLO ROADS AT 07:25 HRS IN ORDER TO BE INSPECTED BY COASTGUARD. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS. GROUNDING IN THE PARANA RIVER - M/V LA CHESNAIS

PLEASE BE INFORMED THAT TODAY (JUNE 21ST) AT 00:40 HRS M/V LA CHESNAIS WENT AGROUND AT KM 316.00 OF THE PARANA RIVER (RAMALLO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 31,080 MT OF CORN AT AGD TIMBUES, SAN LORENZO PORT BOUND TO CHILE ON A DRAFT OF 09.24M FW. VESSEL IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. FYG SHE IS NOT OBSTRUCTING NAVIGATION. STRIKES IN ARGENTINA & URUGUAY FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT SEVERAL MARITIME WORKERS UNIONS FROM SAN LORENZO UP TO SAN PEDRO PORTS, ARGENTINA, SUCH AS PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA), CENTRE OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, MARITIME WORKERS UNION (S.O.M.U.), CENTRE OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC & CUSTOMS WORKERS CONFIRMED THAT THEY WILL CALL FOR A NEW STRIKE ON FRIDAY (JUNE 18TH) FROM 00:00 TILL 24:00 HRS SINCE THEIR CLAIMS TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE DIDN´T SUCCEED UP TO NOW. AS A CONSEQUENCE OF THE ABOVE, LAUNCHES, MOORING/UNMOORING, TOWAGE SERVICES, HEADCLERKS, SURVEYORS SERVICES WILL BE INTERRUPTED. FOR TIME BEING, ON THE SIDE OF THE PORT TERMINALS, THEY WOULD CONTINUE WITH VESSELS´ OPERATIONS (SUBJECT TO THE STRIKE DEVELOPMENT DURING TOMORROW).

NATIONAL HOLIDAYS IN ARGENTINA - JUNE 20TH AND 21ST PLEASE BE INFORMED THAT NEXT SUNDAY & MONDAY (JUNE 20TH & 21ST) WILL BE NATIONAL HOLIDAYS IN ARGENTINA.

- JUNE 20TH: NATIONAL HOLIDAY DUE TO FLAG DAY. - JUNE 21ST: NATIONAL HOLIDAY DUE TO GENERAL MARTIN M. DE GUEMES

MEMORIAL DAY. STRIKES IN ARGENTINA & URUGUAY WE REGRET TO INFORM YOU THAT THE URUGUAYAN UNITED MARITIME WORKERS' UNION (SUNTMA) ANNOUNCED THAT THEY WILL CALL A 24 HRS STRIKE AS FROM JUNE 17TH AT 00:00 HRS DUE TO SALARY CLAIMS. AS A CONSEQUENCE OF THE ABOVE, PILOTS´ LAUNCHES WOULD BE AFFECTED, WHICH COULD CAUSE DELAYS IN THE BOARDING/DISEMBARKATION OF PILOTS AT RECALADA P/S AS THEY WOULD HAVE TO LOOK FOR ALTERNATIVE WAYS. MOREOVER VESSELS´ OPERATIONS AT A.N.P PUBLIC PIERS, ONTUR & TGM IN URUGUAY WOULD ALSO BE AFFECTED SINCE SAID STRIKE INCLUDES CUSTOMS WORKERS AS WELL. THE ONLY OPERATIONS THAT MAY CONTINUE ARE THOSE WHICH DO NOT NEED THE USE OF CUSTOMS SHORE SCALE, SUCH AS TRANSSHIPMENTS & THOSE PERFORMED AT OTHER PIERS, SUCH AS NAVIOS & TGU BERTHS, WHICH DO NOT BELONG TO ANP. ON THE OTHER HAND, SEVERAL MARITIME WORKERS UNIONS AT SAN LORENZO PORT, ARGENTINA, SUCH AS PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA), CENTRE OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, MARITIME WORKERS UNION (S.O.M.U.), CENTRE OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC & CUSTOMS WORKERS INFORMED THAT THEY WOULD CALL FOR A NEW STRIKE ON FRIDAY (JUNE 18TH) FROM 00:00 TILL 24:00 HRS SINCE THEIR

CLAIMS TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE DIDN´T SUCCEED UP TO NOW. AS A CONSEQUENCE OF THE ABOVE, LAUNCHES, MOORING/UNMOORING, TOWAGE SERVICES & VESSELS´ OPERATIONS AT SAN LORENZO PORT WOULD BE INTERRUPTED UNLESS GOVERNMENT GIVES A FAVOURABLE ANSWER TO THEIR CLAIM BEFORE SAID DATE. DRAFT FORECAST // PARANA RIVER, ARGENTINA WE REGRET TO INFORM THAT AFTER A SLIGHT RECOVERY OF THE DRAFTS SEEN BY THE END OF LAST WEEK MAINLY CAUSED BY SE WINDS BLOWING IN THE AREA, RIVER LEVEL DROPPED ABOUT 0.40M DURING LAST 2 DAYS & THERE IS STILL NO WATER COMING FROM THE SOUTH OF BRAZIL (AGREEMENT REACHED WITH BRAZILIAN GOVERNMENT FOR DAMS´ FURTHER OPENINGS MIGHT IMPROVE BARGES TRAFFIC IN THE NORTH OF THE COUNTRY BUT WE DON´T EXPECT THIS WOULD REPRESENT A SIGNIFICANT DRAFT CHANGE AT UP-RIVER PORTS). MOREOVER THERE ARE NO RAINS EXPECTED FOR THE NEXT 7 DAYS IN THE NORTH OF THE COUNTRY/SOUTH OF BRAZIL THAT COULD LEAD US TO EXPECT A RECOVERY BEFORE END OF JUNE. AS A MATTER OF FACT, AFTER CHECKING SEVERAL FORECASTS/SOURCES + TALKING WITH PILOTS, IT LOOKS LIKE SITUATION DURING JULY WOULD ONLY GET WORSE.

ONLY SE WINDS MIGHT GIVE A SPORADIC RELIEF TO THIS CRITICAL SITUATION FROM TIME TO TIME AS THEY ACT AS A KIND OF CORK IN THE MOUTH OF THE RIVER PLATE (ALTHOUGH THERE ARE NONE ANNOUNCED IN THE SHORT TERM), BUT THEY WOULD CERTAINLY NOT MEAN A REAL IMPROVEMENT IN THE MID/LONG TERM. HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT ROSARIO/SAN LORENZO & SAN NICOLAS AREA FOR THE WEEKS TO COME:

ROSARIO / SAN LORENZO PUERTO NUEVO, SAN NICOLAS 2ND HALF JUNE 9.20/9.50M FW 9.50/9.80M FW 1ST HALF JULY 9.10/9.40M FW 9.40/9.70M FW 2ND HALF JULY 9.00/9.30M FW 9.30/9.60M FW 1ST HALF AUGUST 9.05/9.35M FW 9.35/9.65M FW 2ND HALF AUGUST 9.10/9.40M FW 9.40/9.70M FW

LAST BUT NOT LEAST, KINDLY FIND HEREUNDER UPDATED DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS (IT´S IMPORTANT TO HIGHLIGHT DREDGING OPERATIONS CARRIED OUT AT SAN NICOLAS ACCESS CHANNEL, WHICH WERE COMPLETED BY MAY 2020):

CUSTOM WORKERS UNION (SUPARA) STRIKE AT ARGENTINA FURTHER TO OUR BELOW MESSAGES, WE REGRET TO INFORM THAT CUSTOM WORKERS UNION (SUPARA) ANNOUNCED THAT THEY WILL STOP ALL THEIR ACTIVITIES ON JUNE 08TH FROM 10:00 HRS TO 17:00 HRS SINCE THEY ARE CLAIMING (ONCE AGAIN) TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE AS PROMISSED BY THE NATIONAL MINISTRY OF HEALTH. DURING THESE TIME RANGES, VESSEL´S OPERATIONS WOULD BE AFFECTED AT ALL ARGENTINIAN PORTS.

PETROLEUM WORKERS UNION STRIKE IN ARGENTINA LIFTED

FURTHER TO OUR BELOW MESSAGE, PLS NOTE THAT GOVERNMENT IMPOSED A COMPULSORY CONCILIATON TODAY AT 12:30 HRS & INVITED THE UNION TO A MEETING THIS FRIDAY (JUNE 04TH) IN THE AFTERNOON IN ORDER TO TRY TO REACH A SALARY AGREEMENT. BEING 21:00 HRS UNION MEMBERS ACCEPTED THE CONCILIATION & ARE RETURNING TO THEIR JOBS, REASON WHY IT IS EXPECTED OPERATIONS AT REFINERIES/PETROLEUM TERMINALS WOULD RESUME SHORTLY. PETROLEUM WORKERS UNION STRIKE IN ARGENTINA

WE REGRET TO INFORM YOU THAT PETROLEUM WORKERS UNION COMMENCED A STRIKE TODAY AT 00:00 HRS FOR AN UNDETERMINED PERIOD OF TIME DUE TO A SALARY DISPUTE. AS A CONSEQUENCE OF THE ABOVE, ACTIVITIES AT ALL REFINERIES ARE BEING AFFECTED (VESSELS MIGHT BE ABLE TO MOOR/UNMOOR BUT THEY CANNOT OPERATE) & BUNKER SUPPLIES COULD BE AFFECTED TOO (UNLESS BARGES ARE ALREADY LOADED). NATIONAL STRIKE IN ARGENTINA - MAY 26TH-27TH - LIFTED WE ARE GLAD TO INFORM THAT GOVERMENT ACCEPT TO INCLUDE THE MARITIME WORKERS UNIONS MENTIONED IN OUR BELOW MESSAGE AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE AND THE STRIKE WAS LIFTED TODAY (MAY 26TH) AT 20:15 HRS. AS A CONSEQUENCE OF THE ABOVE, ALL LAUNCHES + MOORING/UNMOORING + TOWAGE SERVICES AT ALL ARGENTINE PORTS SHOULD BE NORMALIZED SHORTLY. NATIONAL STRIKE IN ARGENTINA - MAY 26TH-27TH WE REGRET TO INFORM YOU THAT SEVERAL MARITIME WORKERS UNIONS ASSOCIATIONS SUCH AS THE CENTRE OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTRE OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC, ETC DECIDED TO CALL ANOTHER 48 HRS NATIONAL STRIKE AS FROM WEDNESDAY MAY 26TH AT 00:00 HRS SINCE THEIR CLAIMS TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE DIDN´T SUCCEED UP TO NOW. AS A CONSEQUENCE OF THE ABOVE, ALL LAUNCHES + MOORING/UNMOORING + TOWAGE SERVICES AT ALL ARGENTINE PORTS WILL BE INTERRUPTED & VESSELS WOULD BE PREVENTED TO MOOR/UNMOOR.

HOLIDAY IN ARGENTINA – may 24th & 25th, 2021 PLEASE BE INFORMED THAT NEXT MONDAY & TUESDAY (MAY 24TH & 25TH) WILL BE A NATIONAL HOLIDAY IN ARGENTINA DUE TO THE COMMEMORATION OF THE FIRST NATIONAL GOVERMENT. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) & MARITIME FEDERATION AND NAVAL INDUSTRY WORKERS UNION (FEMPINRA) NATIONAL STRIKE WE REGRET TO INFORM YOU THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) & MARITIME FEDERATION AND NAVAL INDUSTRY WORKERS UNION

(FEMPINRA) HAVE ANNOUNCED TODAY A 24 HOURS NATIONAL STRIKE AS FROM TOMORROW (MAY 20TH) AT 06:00 HRS SINCE THEY ARE CLAIMING TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE. THIS FORCE MEASURES WOULD AFFECT MANY TERMINALS THROUGHOUT ALL ARGENTINE PORTS. HOWEVER, PORT TERMINALS ARE LOOKING FOR ALTERNATIVES TO CONTINUE OPERATING. THAT´S WHY IT IS STILL NOT CLEAR WHICH OF THEM WOULD BE AFFECTED. WE WILL REVERT WITH BREAKDOWN OF TERMINALS AFFECTED AS SOON AS POSSIBLE… ON THE OTHER HAND, PLEASE NOTE THAT IT IS STILL IN FORCE THE STRIKE CALLED YESTERDAY BY SEVERAL MARITIME WORKERS UNIONS THAT AFFECTS LAUNCHES + MOORING/UNMOORING + TOWAGE SERVICES AT ALL ARGENTINE PORTS. MARITIME WORKERS UNIONS STRIKE IN ARGENTINA

WE REGRET TO INFORM YOU THAT SEVERAL MARITIME WORKERS UNIONS HAVE ANNOUNCED THAT THEY WILL STOP ALL THEIR ACTIVITIES FROM TODAY (MAY 18TH) AT 18:00 HRS FOR 48 HRS (MEANING UNTIL MAY 20TH AT 18:00 HRS) AS THEY ARE CLAIMING TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE. AS A CONSEQUENCE OF THE ABOVE, ALL LAUNCHES + MOORING/UNMOORING + TOWAGE SERVICES AT ALL ARGENTINE PORTS WILL BE INTERRUPTED & VESSELS WOULD BE PREVENTED TO MOOR/UNMOOR. THIS STRIKE WOULD ALSO AFFECT BUNKERING OPERATIONS. MV SHENG HENG HAI // PARANA RIVER NAVIGATION

FURTHER TO OUR BELOW MESSAGE, KINDLY NOTE THAT AFTER SOUNDINGS PERFORMED IN THE CASUALTY AREA, COAST GUARD HAS AUTHORIZED UP- & DOWNSTREAM NAVIGATION & IMPOSED A MAX DRAFT OF 9.63M FOR VESSELS CROSSING SAID AREA. SHENG HENG HAI GROUNDED & REFLOATED AT RAMALLO AREA PLEASE BE INFORMED THAT TODAY (MAY 18TH) AT 03:35 HRS MV SHENG HENG HAI WENT AGROUND AT KM 316.4 OF THE PARANA RIVER (RAMALLO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM ADM AGRO ARROYO SECO, ROSARIO PORT, LOADED WITH SOME 40,000 MT OF CORN & SBS BOUND EGYPT ON A DRAFT OF 9.47M FW.

FORTUNATELY AT 04:00 HRS SHE WAS REFLOATED BY HER OWN MEANS & ANCHORED AT RAMALLO AREA FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES. UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD FOR PERFORMING SOUNDINGS IN THE CASUALTY AREA SO AS TO CHECK IF NAVIGATION THROUGH THE PARANA RIVER COULD BE RESUMED WITHOUT ANY SPECIAL RESTRICTIONS BESIDES THE USUAL ONES. CUSTOM WORKERS UNION (SUPARA) STRIKE AT ARGENTINA – FULLY LIFTED

FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT CUSTOM WORKERS UNION (SUPARA) ANNOUCED THAT THEY LIFTED STRIKE PLANNED ON MAY 18TH AND 20TH SINCE THE NATIONAL MINISTRY OF HEALTH TOOK THE DECISION TO INCLUDE THE PRESENTIAL PERSONNEL OF THE CUSTOMS SERVICE WITHIN THE VACCINATION PLAN AGAINST COVID-19.

CUSTOM WORKERS UNION (SUPARA) STRIKE AT ARGENTINA WE REGRET TO INFORM THAT CUSTOM WORKERS UNION (SUPARA) ANNOUNCED THAT THEY WILL STOP ALL THEIR ACTIVITIES ON MAY 18TH FROM 10:00 HRS TO 12:00 HRS & ON MAY 20TH FROM 10:00 HRS TO 13:00 HRS SINCE THEY ARE CLAIMING TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE. DURING THESE TIME RANGES, VESSEL´S OPERATIONS WOULD BE AFFECTED AT BAHIA BLANCA & NECOCHEA PORTS, WHILE ON UPRIVER´S PORTS, THE STRIKE WOULD BE VOLUNTARY AND FOR THE MOMENT IT SEEMS THAT OPERATIONS WOULD NOT BE AFFECTED. MV UNI SUNSHINE // PARANA RIVER NAVIGATION AT RAMALLO AREA FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT COAST GUARD HAS RESTORED THE NAVIGATION THROUGH THE CASUALTY AREA TODAY MAY 11TH AT 0950 HRS WITHOUT ANY SPECIAL RESTRICTION BESIDES THE DAILY MAX ARRIVAL/SAILING DRAFT (TODAY’S ONE AT RAMALLO AREA IS 09.98M FW). UNI SUNSHINE GROUNDED & REFLOATED AT RAMALLO AREA PLEASE BE INFORMED THAT TODAY (MAY 11TH) AT 05:35 HRS MV UNI SUNSHINE WENT AGROUND AT KM 319.2 OF THE PARANA RIVER (RAMALLO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM UNIT VII, ROSARIO PORT, LOADED WITH SOME 31,062 MT WHEAT BOUND BRAZIL ON A DRAFT OF 9.54M FW.

FORTUNATELY AT 07:25 HRS SHE WAS REFLOATED BY HER OWN MEANS & WILL ANCHOR AT RAMALLO ROADS FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES. UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD FOR PERFORMING SOUNDINGS IN THE CASUALTY AREA SO AS TO CHECK IF NAVIGATION THROUGH THE PARANA RIVER COULD BE RESUMED WITHOUT ANY SPECIAL RESTRICTIONS BESIDES THE USUAL ONES.

UPDATE // TOWAGE IN ARGENTINA

FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT THE CHAMBER OF PORT TUGBOATS (CAR) INFORMED THAT THEY REACHED A SALARY AGREEMENT AND FROM NOW ON, PORT TUGBOATS RESUME TO RENDER SERVICES 24/7 AT BAHIA BLANCA PORT. AT UP-RIVER PORTS, TUGBOATS STILL HAVE INSTRUCTIONS TO WORK AS FROM 07:00 HRS TO 19:00 HRS. AT NECOCHEA PORT, TUGBOATS STILL HAVE INSTRUCTIONS TO WORK 12 HRS/DAY, STARTING TO COUNT AS FROM THE 1ST SERVICE PROVIDED EACH DAY ON. PORT WORKERS UNION (SUPRA) NATIONAL STRIKE AT URUGUAY WE REGRET TO INFORM YOU THAT PORT WORKERS UNION (SUPRA) HAVE ANNOUNCED TODAY THAT THEY WILL COMMENCE A 24 HRS NATIONAL STRIKE AT URUGUAY PORTS AS FROM TODAY (MAY 05TH) AT 13:00 HRS TILL TOMORROW (MAY 06TH) AT 13:00 HRS. LOADING & DISCHARGING OPERATIONS AT URUGUAYAN PORTS WILL BE AFFECTED. DRAFT FORECAST // PARANA RIVER, ARGENTINA

AS YOU MIGHT HAVE SEEN IN OUR DAILY UPDATES, PARANA RIVER LEVELS HAVE DROPPED ONCE AGAIN AS A CONSEQUENCE OF THE LACK OF RAINS & THE NORTH WINDS THAT HAVE BEEN BLOWING DURING THE LAST COUPLE OF WEEKS. CURRENT SAILING DRAFTS AT SAN LORENZO-ROSARIO AREA ARE IN THE RANGE OF 9.50/9.60M FW & AT SAN NICOLAS CLOSE TO 9.80M FW. AFTER CHECKING SEVERAL FORECASTS/SOURCES + TALKING WITH PILOTS, IT LOOKS LIKE SITUATION DURING MAY WOULD GET SLIGHTLY WORSE. ALTHOUGH THERE ARE SE WINDS EXPECTED TILL WEDNESDAY, WHICH MIGHT GIVE A SPORADIC BOOST TO THE RIVER LEVEL (AS THEY ACT AS A KIND OF CORK IN THE MOUTH OF THE RIVER PLATE), BUT THEY WOULD CERTAINLY NOT MEAN A REAL IMPROVEMENT IN THE MID/LONG TERM. UNFORTUNATELY THERE IS STILL NO WATER COMING FROM THE NORTH OF THE COUNTRY (RIVER LEVEL AT IGUAZU-CORRIENTES AREA THAT ALLOWS US TO HAVE AN IDEA OF WHAT COULD BE EXPECTED IN THE NEXT 10-15 DAYS REMAINS WELL BELOW THE MIN LEVELS) & THERE AREN´T EVEN ANY RAINS EXPECTED FOR THE NEXT 7 DAYS IN THE SOUTH OF BRAZIL (SEE BELOW), WHICH COULD LEAD US TO EXPECT A RECOVERY BEFORE END OF MAY.

HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT ROSARIO/SAN LORENZO & SAN NICOLAS AREA FOR THE WEEKS TO COME: ROSARIO / SAN LORENZO PUERTO NUEVO, SAN NICOLAS 1ST HALF MAY 9.35/9.65M FW 9.65/ 9.95M FW 2ND HALF MAY 9.45/9.75M FW 9.75/10.05M FW 1ST HALF JUNE 9.60/9.90M FW 9.90/10.20M FW 2ND HALF JUNE 9.55/9.85M FW 9.85/10.15M FW 1ST HALF JULY 9.50/9.80M FW 9.80/10.10M FW

LAST BUT NOT LEAST, KINDLY FIND HEREUNDER DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS (IT´S IMPORTANT TO HIGHLIGHT DREDGING OPERATIONS CARRIED OUT AT SAN NICOLAS ACCESS CHANNEL, WHICH WERE COMPLETED BY MAY 2020):

NEWS IN ARGENTINA - IMMIGRATIONS COST INCREASED WE REGRET TO INFORM THAT THE NATIONAL IMMIGRATIONS AGENCY ESTABLISHED UNDER DECREE 285/2021 A CONSIDERABLE INCREASE ON THE IMMIGRATIONS COSTS: OLD COST: USD 8 FOR INWARDS CLEARANCE. USD 8 FOR OUTWARDS CLEARANCE. NEW COST: USD 1,000 FOR INWARDS CLEARANCE. USD 1,000 FOR OUTWARDS CLEARANCE. THIS CHANGE WILL BECOME EFFECTIVE AS FROM MAY 01ST, 2021. TOWAGE STRIKE IN ARGENTINA LIFTED

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT GOVERNMENT IMPOSED A COMPULSORY CONCILIATION AS FROM TODAY (APRIL 22ND) AT 12:30 HRS UNTIL MAY 07TH. AT BAHIA BLANCA, NECOCHEA & UP-RIVER PORTS, TUGBOAT SERVICES WILL BE PROVIDED ONLY AS FROM 07:00 HRS T0 19:00 HRS.

TOWAGE STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC WILL COMMENCE A NATIONAL AS FROM APR 22ND 00:00 HRS FOR AN UNDETERMINED PERIOD OF TIME DUE TO A SALARY DISPUTE. AS A CONSEQUENCE OF THE ABOVE, VESSELS THAT REQUIRE TOWAGE ASSISTANCE FOR BERTHING/UNBERTHING WOULD BE AFFECTED/PREVENTED TO DO SO. IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) TO LNG CARRIERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) HAVE ANNOUNCED TODAY THAT THEY WILL COMMENCE A STRIKE AT BAHIA BLANCA PORT AS FROM TODAY (APRIL 20TH) AT 17:00 HRS TILL TOMORROW (APRIL 21ST) AT 07:00 HRS. ON THE OTHER HAND, IT IS EXPECTED A MEETING BETWEEN PORT CONSORTIUM AND STEVEDORES´ UNION REPRESENTATIVES FOR TOMORROW EPM IN ORDER TO DISCUSS ABOUT THE ACTUAL QUARENTINE ISSUE IMPOSED BY SUPA. TOWAGE STRIKE IN ARGENTINA

WE REGRET TO INFORM YOU THAT THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC WILL COMMENCE A 48 HRS STRIKE AT BUENOS AIRES PORT AS FROM APR 17TH 00:00 HRS DUE TO A SALARY DISPUTE.

ON THE OTHER HAND, AT BAHIA BLANCA, NECOCHEA & UP-RIVER PORTS, THE CHAMBER OF PORT TUGBOATS (CAR) INFORMED THAT TUGBOAT SERVICES WILL BE PROVIDED ONLY AS FROM 07:00 HRS T0 19:00 HRS. SERVICES WOULD BE RENDERED ONLY TO LNG CARRIERS (AS COMPULSORY) AND TO MOTOR TANKERS THAT ARE CURRENTLY ALONGSIDE AND FOR SAFETY REASONS MUST UNMOOR FROM TERMINAL/BERTH.

UPDATE ON OIL WORKERS UNION MEASURES AT SAN LORENZO // FULLY LIFTED. FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT GOVERNMENT IMPOSED A COMPULSORY CONCILIATION AS FROM TODAY (APRIL 16TH) AT 14:00 HRS UNTIL MAY 06TH AT 24:00 HRS. AFFECTED TERMINALS ARE EXPECTING TO RESUME OPERATIONS AS FROM 15:00 HRS.

UPDATE ON OIL WORKERS UNION MEASURES AT SAN LORENZO FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE SAN LORENZO OIL WORKER UNION CALLED TO A 24 HRS STRIKE IN SUPPORT OF BUYATTI’S EMPLOYEES WHO ARE COMPLAINING ABOUT THE PAYMENT OF THE PROPER COMPENSATION FOR ALL WORKERS INVOLVED. REMEMBER THAT BUYATTI COMPANY WAS DECLARED IN BANKRUPT SINCE THE LAST YEAR AND UP TO KNOW IT HAS BEEN A REASON OF SEVERAL CONFLICT BETWEEN THE UNION AND GOVERNMENT AND/OR CRUSHING TERMINALS. OPERATIONS AT CRUSHING TERMINALS WERE INTERRUPTED AS FROM TODAY APRIL 16 AT 11:00 HS LT.

TERMINALS AFFECTED: RENOVA, DREYFUS TIMBUES, COFCO TIMBUES, MINERA ALUMBRERA, TERMINAL 6, ARAUCO, QUEBRACHO, COFCO PGSM, PAMPA, DEMPA, VICENTIN, SAN BENITO. RIVER PLATE PILOTS QUARANTINE MEASURES LIFTED FURTHER TO OUR BELOW, PLEASE BE INFORMED THAT RIVER PLATE PILOTS REACHED AN AGREEMENT WITH GOVERNMENT IN ORDER TO BE INCLUDED IN THE LIST OF ESSENTIAL WORKERS SO AS TO BE ELEGIBLE FOR COVID-19 VACCINE & THE MEASURE TO TAKE 10-DAYS QUARANTINE PERIOD AFTER PERFORMING THEIR SERVICE HAS BEEN LIFTED. UPDATE // TOWAGE STRIKE IN ARGENTINA FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT THE CHAMBER OF PORT TUGBOATS (CAR) INFORMED THAT TUGBOAT SERVICES WILL BE PROVIDED ONLY AS FROM 07:00 HRS T0 19:00 HRS. EXCEPT AT BUENOS AIRES´ PORT, WHERE SERVICES WILL CONTINUE NORMALLY. THIS WILL TAKE PLACE AS FROM APRIL 12TH AT 00:00 HRS. SERVICES WOULD BE RENDERED ONLY TO LNG CARRIERS & MOTOR TANKERS (FOR SAFETY REASONS) THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. 4TH UPDATE // STEVEDORES UNION (SUPA) QUARANTINE MEASURES WE REGRET TO INFORM YOU THAT MEETING BETWEEN STEVEDORES UNION AND BAHIA BLANCA PORT CONSORTIUM THAT WAS EXPECTED TO TAKE PLACE YESTERDAY WAS CANCELLED & A NEW ONE WAS PLANNED FOR NEXT MONDAY (APRIL 12TH). NOTWITHSTANDING THE ABOVE & ACCORDING INFO OBTAINED OFF THE RECORDS, SITUATION IS MORE TENSE NOW & AGREEMENT IS NOT AS CLOSE AS IT LOOKED LIKE IN THE BEGINNING. MOREOVER, AND AS YOU MIGHT HAVE READ IN OUR OTHER CIRCULARS, OTHER UNIONS/CHAMBERS SUCH AS SEAMEN, PILOTS, ETC HAVE JOINED THE CLAIM OF BEING INCLUDED IN THE LIST OF ESSENTIAL WORKERS SO AS TO BE ELEGIBLE FOR COVID-19 VACCINE.

TOWAGE STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC WILL COMMENCE A NATIONAL 24 HRS STRIKE AS FROM APR 10TH 00:00 HRS DUE TO A SALARY DISPUTE. AS A CONSEQUENCE OF THE ABOVE, VESSELS THAT REQUIRE TOWAGE ASSISTANCE FOR BERTHING/UNBERTHING WOULD BE AFFECTED/PREVENTED TO DO SO. IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) TO LNG CARRIERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. RIVER PLATE PILOTS QUARANTINE MEASURES WE REGRET TO INFORM YOU THAT RIVER PLATE PILOTS HAVE ANNOUNCED TODAY THAT GIVEN THE INCREASE OF COVID-19 CASES, THE COUPLE OF PILOTS WHO EMBARK AT RECALADA P/S WILL TAKE 1O-DAYS QUARANTINE PERIOD AFTER PERFORMING THE SERVICE. THIS COULD LEAD TO A SHORTAGE OF PILOTS IF THIS MEASURE IS PROLONGED IN THE LONG-TERM. THIS MEASURE WILL TAKE PLACE AS FROM APRIL 10TH AT 00:00 HRS.

OFF THE RECORD, IT IS UNDERSTOOD THAT THIS MEASURE IS TO BE INCLUDED IN THE LIST OF ESSENTIAL WORKERS SO AS TO BE ELEGIBLE FOR COVID-19 VACCINE AND IT IS EXPECTED THAT GOVERNMENT GIVE AN ANSWER REGARDING THIS SITUATION BY BEG-NEXT WEEK. UPDATE // ARGENTINE CAPTAINS & OFFICERS UNION´S STOPPAGE FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT AFTER A MEETING BETWEEN ARGENTINE CAPTAINS & OFFICERS UNION AND THE MINISTRY OF LABOUR, WORK UNIONS DECIDED TO RESUME THEIR ACTIVITIES AS FROM APRIL 09TH AT 00:00 HRS UNTIL NEXT MONDAY (APRIL 12TH) WHICH IS WHEN GOVERNMENT PROMISSED TO GIVE AN ANSWER REGARDING THESE UNION´S CLAIM TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE. 3RD UPDATE // STEVEDORES UNION (SUPA) QUARANTINE MEASURES FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED THAT ISSUANCE OF FORMAL STATEMENT FROM BAHIA BLANCA PORT CONSORTIUM IS TAKING LONGER THAN EXPECTED & 14 DAYS QUARANTINE FROM VESSEL´S LAST PORT OF CALL ABROAD IS STILL BEING REQUIRED BY STEVEDORES UNION (SUPA). OFF THE RECORDS HEARD THAT UNION IS REQUESTING (ON TOP OF THE QUICK COVID TESTS) TO BE INCLUDED IN THE LIST OF ESSENTIAL WORKERS SO AS TO BE ELEGIBLE FOR COVID-19 VACCINE. A NEW MEETING BETWEEN PORT CONSORTIUM & UNION HAS BEEN SCHEDULED FOR TOMORROW (APRIL 10TH). ARGENTINE CAPTAINS & OFFICERS UNION´S STOPPAGE WE REGRET TO INFORM YOU THAT ARGENTINE CAPTAINS & OFFICERS UNION ANNOUNCED TODAY THAT THEY WILL STOP THEIR ACTIVITIES AS FROM APRIL 08TH AT 00:00 HRS FOR AN UNDETERMINED PERIOD OF TIME SINCE THEY ARE CLAIMING TO BE CONSIDERED AS ESSENTIAL WORKERS IN ORDER TO BE ELEGIBLE FOR COVID-19 VACCINE. THERE ARE RUMOURS INDICATING THAT OTHER UNIONS RELATED TO THE TRADE COULD FOLLOW… IT HAS BEEN SAID THAT THIS MEASURE WOULD JUST AFFECT ARGENTINE TANKERS FOR THE TIME BEING, MEANING THAT BUNKERING & LIGHTERING VESSELS COULD FACE DELAYS. INCREASE ON LAUNCHES FOR RIVER PLATE PILOTS PLEASE BE INFORMED THAT LAUNCH SERVICE FOR RIVER PLATE PILOTS WILL BE INCREASED BY USD 260 PER SERVICE AS FROM MAY 01ST 2021. 2ND UPDATE // STEVEDORES UNION (SUPA) QUARANTINE MEASURES FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED THAT A MEETING WAS HELD AT BAHIA BLANCA THIS MORNING & IT SEEMS THAT ALL PARTIES INVOLVED HAVE AGREED TO PERFORM A QUICK COVID TEST AT ROADS TO CREW ON BOARD VESSELS ARRIVING AT BAHIA BLANCA WITHOUT COMPLYING WITH THE 14 DAYS QUARANTINE REQUIRED BY STEVEDORES UNION (SUPA). IN CASE ALL TESTS COME BACK NEGATIVE, THEY WOULD AUTHORIZE THE VESSELS TO PROCEED ALONGSIDE & COMMENCE OPERATIONS WITHOUT THE 14 DAYS QUARANTINE. IT IS EXPECTED THAT BAHIA BLANCA PORT CONSORTIUM WOULD ISSUE A FORMAL STATEMENT LATER TODAY OR TOMORROW.

LAST BUT NOT LEAST, THERE ARE CHANCES THAT NECOCHEA APPLIES A SIMILAR CRITERIA (TBC). WILL KEEP YOU INFORMED OF DEVELOPMENTS & REVERT ONCE FORMAL STATEMENT IS RECEIVED & THERE ARE FURTHER NEWS REGARDING THE SITUATION AT NECOCHEA. INCREASE ON ARGENTINE WATCHMEN TARIFF PLEASE BE INFORMED THAT WATCHMEN TARIFF WILL BE INCREASED ABOUT 30% AS FROM APRIL 01ST, 2021 & ABOUT 12% MORE AS FROM JULY 01ST, 2021. UPDATE ON OIL WORKERS UNION MEASURES AT SAN LORENZO

FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT A NEW MEETING BETWEEN OIL WORKERS UNION MEMBERS (SOEA), BUYATTI & GOVERNMENT REPRESENTATIVES TOOK PLACE TODAY. UNFORTUNATELY THEY STILL DIDN´T REACH AN AGREEMENT, REASON WHY THEY SCHEDULED ANOTHER MEETING FOR APRIL 09TH.

HOLIDAY IN ARGENTINA – APRIL 01ST & 02ND, 2021 PLEASE BE INFORMED THAT FRIDAY APRIL 02ND WILL BE NATIONAL HOLIDAY IN ARGENTINA DUE TO GOOD FRIDAY, AND THURSDAY APRIL 01ST WILL BE ADMINISTRATIVE HOLIDAY FOR AUTHORITIES. IN VIEW OF THE ABOVE, OVERTIME FOR THE WHOLE LONG WEEKEND (WEDNESDAY MAR 31ST EVENING UNTIL MONDAY APR 05TH MORNING) SHOULD BE ARRANGED LATEST BY APR 31ST AM. UPDATE // STEVEDORES UNION (SUPA) QUARANTINE MEASURES FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT STEVEDORES UNION REPRESENTATIVES (SUPA) AT NECOCHEA + BAHIA BLANCA PORTS CONFIRMED THAT THEY WILL REQUEST A 14-DAYS QUARANTINE PERIOD TO ALL VESSELS PROCEEDING FROM ABROAD (NOT JUST BRAZIL!). TIME WOULD START TO COUNT UPON VESSEL´S DEPARTURE FROM THE LAST PORT ABROAD, IRRESPECTIVE OF CALLING AN ARGENTINE PORT INBETWEEN (TRANSIT/NAVIGATION TIME COUNTS). EVEN VESSELS THAT HAVE OBTAINED FREE PRATIQUE FROM SANITARY AUTHORITIES WOULD BE PREVENTED TO DISCHARGE/LOAD AT SAID PORTS AS STEVEDORES WOULD NOT GRANT SERVICES. THERE WILL BE A NEW MEETING BETWEEN STEVEDORES UNION´S REPRESENTATIVES (SUPA) & PORT AUTHORITIES ON TUESDAY (MARCH 30TH) IN ORDER TO TRY TO REACH AN AGREEMENT. IT´S IMPORTANT TO POINT OUT THAT UNION REPRESENTATIVES AT UP-RIVER PORTS HAVE INFORMED THAT THIS MEASURE WILL NOT AFFECT UP-RIVER PORTS (AT LEAST FOR THE TIME BEING) & NO QUARANTINE WOULD BE REQUIRED FOR OPERATING AT UP-RIVER PORTS. STEVEDORES UNION (SUPA) QUARANTINE MEASURES WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) HAVE ANNOUNCED TODAY THAT GIVEN THE INCREASE OF COVID-19 CASES SO AS THE NEW STRAIN ENGENDERED IN BRAZIL, THEY WILL ONCE AGAIN REQUEST A 14-DAYS QUARANTINE PERIOD TO ALL VESSELS, WHICH HAVE BEEN DURING THE LAST 14 DAYS IN BRAZIL (STARTING TO COUNT FROM THE TIME THEY DEPART SAID COUNTRY).

THIS MEASURE HAS BEEN VERBALLY CONFIRMED FOR NECOCHEA + BAHIA BLANCA PORTS & THERE ARE RUMOURS INDICATING THAT UP-RIVER PORTS COULD ADHERE TOO. ACCORDING THE INFO OBTAINED, EVEN VESSELS THAT GOT FREE PRATIQUE FROM SANITARY AUTHORITIES WOULD BE PREVENTED TO DISCHARGE/LOAD AS STEVEDORES UNION WOULD NOT GRANT SERVICES (AS IT USED TO BE IN THE PAST, BEFORE THE “EXCEPTIONS” STARTED TO APPLY). UNION INFORMED THAT THEY WILL RELEASE A WRITTEN STATEMENT TOMORROW AROUND NOONTIME.

UPDATE ON OIL WORKERS UNION MEASURES AT SAN LORENZO

FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT AFTER YESTERDAY’S MEETING BETWEEN PARTIES & THE GOVERNMENT, NO AGREEMENT WAS REACHED, REASON WHY WOULD BE A NEW MEETING NEXT MONDAY MARCH 29TH. NO ACTIONS ARE SUPPOSED TO TAKE PLACE AT LEAST UNTIL NEXT MONDAY. NOTWITHSTANDING, SOEA UNION MEMBERS WOULD HELD AN ASSEMBLY TODAY TO TALK ABOUT THEIR CURRENT WORKING CONDITIONS. OIL WORKERS UNION STRIKE AT SAN LORENZO PORT LIFTED FOLLOWING OUR BELOW MESSAGE, WE ARE GLAD TO INFORM THAT WORKERS UNION (SOEA) STRIKE WAS LIFTED TODAY MARCH 19TH AFTER THE INTERVENTION OF NATIONAL GOVERNMENT. A MEETING BETWEEN PARTIES & THE GOVERNMENT HAS BEEN ARRANGED FOR MONDAY MARCH 22ND IN BUENOS AIRES IN ORDER TO REACH AN AGREEMENT. DEPENDING ON THE OUTCOME IF THIS MEETING, WORKER UNION WILL DECIDE IF THEY GO INTO A NEW STRIKE OR NOT. OPERATIONS AT AFFECTED TERMINALS ARE SLOWLY RETURNING BACK TO NORMAL.

OIL WORKERS UNION STRIKE AT SAN LORENZO PORT WE REGRET TO INFORM THAT OIL WORKERS UNION (SOEA) ANNOUNCED THEY WOULD GO INTO STRIKE FOR 24 HRS AS FROM TOMORROW MARCH 19TH, 2021 STARTING AT FIRST WORKING SHIFT. THIS STRIKE IS IN SUPPORT OF THE EMPLOYEES THAT WERE DISSMISSED FROM A COMPANY THAT CLOSED ITS FACTORY IN SAN LORENZO CITY IN 2020 & HAS NOW GONE INTO BANKRUPTCY.

STEVEDORES UNION (SUPA) STRIKE AT IBICUY, NECOCHEA & BAHIA BLANCA PORTS WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) HAVE ANNOUNCED THAT THEY WILL GO INTO A STRIKE AS FROM TOMORROW (MARCH 10TH) AT 00:00 FOR A PERIOD OF 24 HRS AT IBICUY, NECOCHEA & BAHIA BLANCA PORTS. FOR THE TIME BEING, AS PER SUPA´S REPRESENTATIVES INFORMATION, THE STRIKE WOULD NOT AFFECT PORTS/TERMINALS FROM CAMPANA UP TO SAN LORENZO PORTS. UPDATE // NEW PHYTOSANITARY REQUIREMENT FOR VESSELS DUE TO GYPSY MOTH

FURTHER TO OUR LAST, PLEASE NOTE THAT YESTERDAY (MARCH 03RD) TOOK PLACE AN INFORMATIVE MEETING WITH SANITARY AUTHORITIES REGARDING THE IMPLEMENTATION PROCESS OF THE NEW REQUIREMENT. RELEVANT POINTS FROM THE MEETING ARE THE FOLLOWING ONES: . IF A VESSEL SAILED OR REMAINED IN AREAS WITH LYMANTRIA DISPAR PLAGUE (GYPSY MOTH) DURING THE LAST 24 MONTHS, HAS TO SUBMIT A PORT OF CALL WITHIN THE LAST 24 MONTHS AT LEAST 72 HRS PRIOR ARRIVAL IN ORDER TO INFORM SANITARY AUTHORITIES & PRESENT A CERTIFICATE OF VESSEL FREE OF GYPSY MOTH ASAIN OR JAPANESE BREED, ISUEED BY THE PHYTOSANITARY AUTHORITY OR ANY OTHER OFFICIAL AUTHORITY FROM THE LAST PORT OF STAY/DEPARTURE IN AREAS WITH THESE PLAGUES DURING THE PERIOD OF FEMALE MONTH’S FLIGHT. . IN CASE THE CERTIFICATE OF VESSEL FREE OF GYPSY MOTH ASAIN OR JAPANESE BREED IS NOT PRESENTED, AUTHORITIES WILL BOARD THE VESEL FOR INSPECTION. . AUTHORITIES WILL ANALYZE CASE BY CASE IF NECESSARY TO BOARD THE VESSEL FOR INSPECTION WHEN VESSEL ARRIVES TO FIRST NOMINATED PORT, DURING DAYLIGHT. IN CASE FINDING PRESENCE OF PLAGUE, WILL DETERMINE THE STEPS TO FOLLOW TO ALLOW THE VESSEL TO OPERATE. . FOR THE TIME BEING, INSPECTION FOR LYMANTRIA DISPAR PLAGUE (GYPSY MOTH) WOULD BE FREE OF CHARGE (IN CASE A FEE IS SETTLED, WILL SEND AN UPDATE WITH THE INFORMATION). PLEASE BEAR IN MIND THAT NEW PHYTOSANITARY REQUIREMENT DUE TO GYPSY MOTH PLAGE WILL COME INTO FORCE AS FROM APRIL 12TH, 2021.

UPDATE // STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA PORT – FULLY LIFTED FURTHER TO OUR LAST, WE ARE GLAD TO INFORM THAT STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA PORT HAS BEEN FULLY LIFTED TODAY (MAR 04TH) AT 15:00 HRS & OPERATIONS RETURNED BACK TO NORMAL WORKING.

STEVEDORES UNION (SUPA) STRIKE AT BAHIA BLANCA PORT WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) CALLED FOR A STRIKE TODAY AT 11:15 HRS FOR AN INDETERMINATE PERIOD OF TIME UNTIL RESOLVING A CONFLICT THAT THEY MAINTAIN WITH THE CHEMICALS WORK UNION. FOR THE TIME BEING, THIS MEASURE ONLY AFFECTS THE TERMINALS IN BAHIA BLANCA PORT. DRAFT FORECAST // PARANA RIVER, ARGENTINA AS YOU MIGHT HAVE READ IN OUR DAILY UPDATES, PARANA RIVER LEVELS IMPROVED SIGNIFICANTLY BY THE END OF JANUARY MAINLY IN VIEW OF THE GOOD AMOUNT OF RAINS EXPERIENCED IN THE SOUTH OF BRAZIL. AS A CONSEQUENCE OF THE ABOVE, MAX SAILING DRAFTS UP-RIVER RETURNED DURING FEBRUARY TO THE USUAL 10.36/10.49M FW. HAVING SAID THE ABOVE & AFTER CHECKING SEVERAL FORECASTS & TALKING WITH PILOTS, IT NOW LOOKS LIKE THERE IS NO WATER COMING FROM THE NORTH OF THE COUNTRY, REASON WHY IT IS EXPECTED DRAFT WOULD DROP ONCE AGAIN AT LEAST SOME 30 CM IN THE DAYS TO COME. HOWEVER THERE ARE GOOD AMOUNTS OF RAINS EXPECTED FOR THE NEXT 7 DAYS IN THE SOUTH OF BRAZIL (SEE BELOW), WHICH COULD LEAD US TO THINK THAT DRAFT WOULD RECOVER ONCE AGAIN BY THE END OF THE MONTH.

HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT ROSARIO, SAN LORENZO & SAN NICOLAS AREA FOR THE WEEKS TO COME:

ROSARIO / SAN LORENZO / SAN NICOLAS 1ST HALF MARCH 10.10/10.40M FW 2ND HALF MARCH 10.00/10.30M FW 1ST HALF APRIL 10.10/10.40M FW 2ND HALF APRIL 10.15/10.45M FW

LAST BUT NOT LEAST, KINDLY FIND HEREUNDER DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS:

INCREASE ON LAUNCHES + MOORING & UNMOORING TARIFF AT NECOCHEA PORT PLEASE BE INFORMED THAT LAUNCH SERVICE + MOORING & UNMOORING TARIFF AT NECOCHEA WILL BE INCREASED BY ABOUT 10% AS FROM MARCH 01ST 2021. UPDATE // TRUCK DRIVERS´STRIKE IN ARGENTINA LIFTED FURTHER TO OUR LAST, WE ARE GLAD TO INFORM THAT TRUCK DRIVERS’ STRIKE AT NECOCHEA PORT HAS BEEN ALSO LIFTED TODAY (FEB 09TH) AT 13:30 HRS & OPERATIONS ARE EXPECTED TO RETUR BACK TO NORMAL THIS AFTERNOON.

TRUCK DRIVERS´STRIKE IN ARGENTINA LIFTED FOLLOWING OUR BELOW MESSAGES, WE ARE GLAD TO INFORM THAT AFTER SEVERAL MEETINGS BETWEEN TRUCK DRIVERS REPRESENTATIVES & GOVERNMENT, PARTIES HAVE REACHED AN AGREEMENT & THE BLOCKADES AT BAHIA BLANCA PORT ARE BEING

LIFTED & AS PER LATEST VERBAL INFO RECEIVED TRUCKS COULD ARRIVE TO TERMINALS WITH CARGO DURING THIS EVENING (FEB 09TH). OPERATIONS AT AFFECTED TERMINALS ARE EXPECTED TO RETUR BACK TO NORMAL TOMORROW FEB 10TH.

ON THE OTHER HAND, THERE WOULD BE A NEW MEETING BETWEEN PARTIES AT BUENOS AIRES THIS AFTERNOON & AS PER OFF THE RECORD INFORMATION, TRUCK DRIVERS’ STRIKE AT NECOCHEA PORT COULD BE ALSO LIFTED THIS AFTERNOON.

UPDATE // TRUCK DRIVERS´ CONFLICT IN ARGENTINA FOLLOWING OUR BELOW MESSAGES, PLEASE BE INFORMED THAT TRUCK DRIVERS REPRESENTATIVES WILL MEET ON FEB 04TH AND ON FEB 14TH AGAIN WITH GOVERNMENT FOR REACHING AN AGREEMENT ON THIS MATTER. UNFORTUNATELY SITUATION AT ARGENTINEAN PORTS REMAIN UNCHANGED, TRUCKS ARE NOT ARRIVING TO PORTS & AT SAN LORENZO PORT TRUCK DRIVERS ARE BLOCKING ENTRANCE ONCE AGAIN.

M/V SANKO FORTUNE - REFLOATED WE ARE PLEASED TO INFORM YOU THAT M/V SANKO FORTUNE WAS REFLOATED TODAY (FEBRUARY 03RD) AT 02:40 HRS ASSISTED BY TUG BOAT “COOPOR I”. SHE IS CURRENTLY ANCHORED AT SAN LORENZO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS.

UPDATE // GROUNDING IN THE PARANA RIVER - M/V SANKO FORTUNE FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT TUGBOAT “ALBACORA” WAS APPOINTED IN ORDER TO CARRY OUT THE REFLOATING MANEUVERS. TUGBOAT´S ETA TODAY (FEBRUARY 2ND) AT 19:00 HRS.

GROUNDING IN THE PARANA RIVER - M/V SANKO FORTUNE PLEASE BE INFORMED THAT TODAY (FEBRUARY 02ND) AT 09:54 HRS M/V SANKO FORTUNE WENT AGROUND AT KM 456.60 OF THE PARANA RIVER (SAN LORENZO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 47,200 MT OF CORN+SBM AT QUEBRACHO, SAN LORENZO PORT BOUND TO MALAYSIA ON A DRAFT OF 10.51M FW. VESSEL WAS TRYING TO REFLOAT BY HER OWN MEANS & AT 11:50 HRS MASTER INSTRUCTED TO STOP REFLOATING MANEUVERS UNTIL SALVAGE MASTER TO ARRIVE (TIME TO BE CONFIRM). FYG SHE IS NOT OBSTRUCTING NAVIGATION.

UPDATE // TRUCK DRIVERS´ CONFLICT IN ARGENTINA FOLLOWING OUR LAST MESSAGE, PLEASE BE INFORMED THAT TRUCK DRIVERS STILL WAITING FOR GOVERNMENT’S RESPONSE TO THEIR CLAIMS, WHICH COULD BE RECEIVED TOMORROW. ON THE OTHER HAND, IT HAS BEEN ANNOUNCED THAT TRUCK DRIVERS REPRESENTATIVES WILL MEET ON MONDAY FEBRUARY 01ST WITH TRANSPORT MINISTRY TO ATTEMPT TO OVERCOME THIS MATTER. MEANWHILE, SITUATION AT ARGENTINEAN PORTS REMAIN UNCHANGED AS ALTHOUGH BLOCKADES HAVE BEEN LIFTED, TRUCKS ARE NOT ARRIVING TO PORTS.

UPDATE // TRUCK DRIVERS´ BLOCKADES IN ARGENTINA FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT AFTER TODAY’S MEETING BETWEEN GOVERNMENT & TRUCK DRIVERS REPRESENTATIVES, GOVERNMENT HAS REQUESTED 48 HRS (UNTIL FRIDAY JANUARY 29TH) TO REVERT WITH AN ANSWER & POSSIBLE SOLUTION TO TRUCK DRIVERS’ CLAIMS. IN VIEW OF THIS, SITUATION AT ARGENTINEAN PORTS REMAIN UNCHANGED. UPDATE // TRUCK DRIVERS´ BLOCKADES IN ARGENTINA FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT THE MEETING BETWEEN GOVERNMENT & WITH TRUCK DRIVERS REPRESENTATIVES HAS BEEN POSTPONED UNTIL TOMORROW (JANUARY 27TH) AT 14:00 HRS IN ORDER TO TRY TO FIND A SOLUTION TO THIS CONFLICT THAT STARTED ON JANUARY 16TH. IN VIEW OF THIS, SITUATION AT ARGENTINEAN PORTS REMAIN UNCHANGED.

TRUCK DRIVERS´ BLOCKADES IN ARGENTINA PLEASE BE INFORMED THAT GOVERNMENT HAS AGREED TO MEET WITH TRUCK DRIVERS REPRESENTATIVES TOMORROW (JANUARY 26TH) AT 15:00 HRS IN ORDER TO TRY TO FIND A SOLUTION TO THIS CONFLICT THAT STARTED ON JANUARY 16TH. MOREOVER, WE ARE GLAD TO INFORM THAT MOST OF THE BLOCKADES ARE BEING LIFTED. HEREUNDER YOU WILL FIND AN UPDATE OF THE SITUATION PER AREA: . UP-RIVER PORTS: ALTHOUGH SITUATION WASN´T SO BAD AS TERMINALS HAD STOCKS & THERE WERE STILL SOME TRUCK MOVEMENTS, TODAY IT HAS IMPROVED CONSIDERABLY. AS A MATTER OF FACT THERE AREN´T ALMOST ANY MORE BLOCKADES & TRUCKS FLOW IS MUCH BETTER THAN IT WAS THE WEEK BEFORE. SEE BELOW TRUCKING REPORT FOR SAN LORENZO/ROSARIO AREA:

. NECOCHEA PORT: ALTHOUGH BLOCKADES WERE LIFTED, TRUCKS ARE STILL NOT ALLOWED TO DISCHARGE THEIR CARGOES INTO TERMINAL SILOS. VESSELS ARE FACING DELAYS FOR BERTHING/LOADING ON ACCOUNT OF THIS SITUATION. . BAHIA BLANCA PORT: PLS NOTE THAT SITUATION IS QUITE SIMILAR TO THE ONE AT NECOCHEA, ALTHOUGH SOME TERMINALS ARE STILL BEING ABLE TO CONTINUE WITH THEIR OPERATIONS DEPENDING ON THEIR LOGISTICS/STOCKS. IT´S IMPORTANT TO POINT OUT THAT BAHIA BLANCA IS ABLE TO RECEIVE AT LEAST SOME CARGO BY TRAIN/WAGONS.

DRAFT FORECAST // PARANA RIVER, ARGENTINA

AS YOU MIGHT HAVE READ IN OUR DAILY UPDATES, PARANA RIVER LEVELS REMAIN ON THE LOW SIDE. AS A MATTER OF FACT, TODAY´S MAX SAILING DRAFT AT MOST OF THE TERMINALS IN SAN LORENZO/ROSARIO AREA IS 9.80M FW & AT SAN NICOLAS IT IS 10.02M FW. RIVER LEVEL IN THE NORTH OF THE COUNTRY (IGUAZU-CORRIENTES AREA) THAT ALLOWS US TO HAVE AN IDEA OF WHAT COULD BE EXPECTED IN THE NEXT 10-15 DAYS REMAINS QUITE STABLE BETWEEN 8 & 10M (WELL BELOW THE 12-15M THAT WE USUALLY HAVE DURING THIS PART OF THE YEAR), WHICH LEAD US TO THINK THAT DRAFT AT SAN LORENZO/ROSARIO AREA WOULD REMAIN MORE OR LESS STABLE UNTIL END OF THE MONTH. MOREOVER & AS YOU CAN SEE ON THE BELOW IMAGE, THERE ARE NO CONSIDERABLE RAINS EXPECTED IN THE SOUTH OF BRAZIL (MATO GROSSO AREA) DURING THE FORTHCOMING DAYS, MEANING THAT WE SHOULDN´T EXPECT ANY SIGNIFICANT RECOVERY SOON.

TALKING WITH PILOTS & TAKING A LOOK AT WEATHER FORECASTS, THE TRUTH IS THAT WE DON´T FORESEE A RECOVERY TO USUAL LEVELS OF 10.36/10.50M FW IN THE SHORT/MID TERM. AS A MATTER OF FACT, WE DON´T EXPECT THERE WOULD BE AN IMPORTANT DRAFT IMPROVEMENT AT LEAST TILL MARCH 2021. ON THE OTHER HAND, THERE ARE STRONG S/SE WINDS EXPECTED FOR NEXT TUESDAY/WEDNESDAY (JANUARY 26TH-27TH), WHICH MIGHT IMPROVE DRAFT TEMPORARILY (AS THEY ACT AS A KIND OF CORK IN THE MOUTH OF THE RIVER PLATE), ALTHOUGH THEY DON´T REPRESENT A REAL DRAFT IMPROVEMENT:

HAVING SAID THE ABOVE, WE SUGGEST TO CONSIDER THE FOLLOWING DRAFTS AT ROSARIO/SAN LORENZO + SAN NICOLAS AREA FOR THE WEEKS TO COME:

ROSARIO / SAN LORENZO PUERTO NUEVO, SAN

NICOLAS 2ND HALF JANUARY 9.60/ 9.90M FW 9.90/10.20M FW 1ST HALF FEBRUARY 9.70/10.00M FW 10.00/10.30M FW 2ND HALF FEBRUARY 9.80/10.10M FW 10.10/10.40M FW 1ST HALF MARCH 9.90/10.20M FW 10.20/10.50M FW 2ND HALF MARCH 10.00/10.30M FW 10.30/10.50M FW ABOVE DRAFTS SHOULD BE USED FOR CALCULATING OUTBOUND CARGOES. IF WE ARE TALKING ABOUT ARRIVAL DRAFTS (CARGOES TO BE DISCHARGED IN ARGENTINA), WE WOULD RECOMMEND TO CONSIDER LOWER VALUES (THE ONES ON THE LEFT) TO AVOID HAVING TO WAIT FOR WATER LEVEL IMPROVEMENTS AT SOME ANCHORAGE IN THE RIVER (I.E. ZONA COMUN OR RECALADA). LAST BUT NOT LEAST, KINDLY FIND HEREUNDER DRAFT BEHAVIOUR DURING LAST 5 YEARS AT UP-RIVER PORTS:

M/V ATHINA III - REFLOATED WE ARE PLEASED TO INFORM YOU THAT M/V ATHINA III WAS REFLOATED TODAY (JANUARY 17TH) AT 10:30 HRS ASSISTED BY TUG BOATS “BURONDI” & “BRUTUS”.

COAST GUARD PERFORMED SOUNDINGS IN THE CASUALTY AREA AND DETERMINED TODAY´S MAX ALLOWED SAILING DRAFT. NAVIGATION THROUGH CASUALTY AREA HAS BEEN OPENED WITHOUT SPECIAL RESTRICTIONS (BESIDES THE DRAFT).

GROUNDING IN THE PARANA RIVER - M/V ATHINA III FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT TUGBOAT “BURONDI” HAS JOINED “BRUTUS” YESTERDAY AT 20:35 HRS TO ASSIST REFLOATING MANEUVERS WITH NO SUCCESS. DUE TO THE ASSISTANCE, VESSEL SHIFTED HER POSITION AND IS CURRENTLY OBSTRUCTING THE CHANNEL, REASON WHY UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD.

GROUNDING IN THE PARANA RIVER - M/V ATHINA III FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT TUGBOAT “BRUTUS” ARRIVED TODAY ABT 13:10 HRS IN ORDER TO COMMENCE ASSISTING THE MANEUVERS WITH NO SUCCESS FOR THE TIME BEING. AS MV NBA MAGRITTE REMAINS AT SAN LORENZO PORT, NAVIGATION DOWNSTREAM THROUGH THE CASUALTY AREA IS CLOSED FOR VESSELS IN LADEN CONDITION. ONLY VESSELS IN BALLAST CONDITION ARE ALLOWED TO NAVIGATE UPSTREAM.

GROUNDING IN THE PARANA RIVER - M/V ATHINA III PLEASE BE INFORMED THAT TODAY (JANUARY 16TH) AT 05:40 HRS M/V ATHINA III WENT AGROUND AT KM 398.30 OF THE PARANA RIVER (GENERAL LAGOS/ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 49,500 MT SBM AT RENOVA, SAN LORENZO PORT BOUND TO SPAIN ON A DRAFT OF 9.72M FW. TUGBOAT “BRUTUS” HAS BEEN APPOINTED AS FROM 1300 HRS TO ASSIST ON HER REFLOATING ATTEMPTS. COAST GUARD WILL MAKE A TRIAL WITH M/V NBA MAGRITTE WHICH WILL NAVIGATE IN LADEN CONDITION AROUND NOONTIME AND IN CASE SHE IS ABLE TO TRANSIT THROUGH THE CASUALTY AREA WITHOUT PROBLEMS, WILL EVALUATE RESTRICTIONS TO APPLY.

UPDATE // FOREMEN LABOR UNION STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS, SAN NICOLAS PORT – FULLY LIFTED. FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS WAS LIFTED BY FOREMEN LABOR UNION BY RESUMING ACTIVITIES YESTERDAY (JANUARY 13TH) AT 22:00 HRS.

UPDATE // FOREMEN LABOR UNION STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS, SAN NICOLAS PORT – FULLY LIFTED. FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS WAS LIFTED BY FOREMEN LABOR UNION BY RESUMING ACTIVITIES YESTERDAY (JANUARY 13TH) AT 22:00 HRS.

UPDATE // FOREMEN LABOR UNION STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS, SAN NICOLAS PORT

FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT ONCE AGAIN FOREMAN LABOR UNION CALLED ON STRIKE SINCE TODAY (JANUARY 13TH) AT 08:00 HRS FOR AN INDEFINITE PERIOD DUE TO A SALARY DISPUTE. THIS PROTEST AFFECTS PUERTO NUEVO & ELEVATOR BERTHS´ OPERATIONS AT SAN NICOLAS PORT. UPDATE // FOREMEN & STEVEDORES LABOR UNIONS STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS, SAN NICOLAS PORT – FULLY LIFTED. FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS WAS LIFTED BY FOREMEN & STEVEDORES LABOR UNIONS BY RESUMING ACTIVITIES TODAY (JANUARY 12TH) AT 18:25 HRS. FOREMEN & STEVEDORES LABOR UNIONS STRIKE AT PUERTO NUEVO & ELEVATOR BERTHS, SAN NICOLAS PORT WE REGRET TO INFORM YOU THAT FOREMEN & STEVEDORES LABOR UNIONS HAVE STARTED A STRIKE TODAY JANUARY 12TH AT 14:O0 HRS FOR AN UNDETEMINED PERIOD DUE TO THE DISMISSALS OF ONE OF THE COMPANY’S PERSONNEL AND DUE TO A SALARY DISPUTE. THIS PROTEST AFFECTS PUERTO NUEVO & ELEVATOR BERTHS´ OPERATIONS AT SAN NICOLAS PORT. M/V SURABAYA EXPRESS COLLISION AGAINST SAN BENITO TERMINAL, SAN LORENZO PLEASE BE INFORMED THAT TODAY JAN 08TH, 2021 IN THE AFTERNOON M/V SURABAYA EXPRESS COLLIDED AGAINST SAN BENITO TERMINAL. SHE WAS PERFORMING BERTHING MANEUVERING TO LOAD 45,000 MT OF SOYBEAN MEAL AT SAID TERMINAL WHEN THE INCIDENT TOOK PLACE. AS A CONSEQUENCE OF THE ABOVE COLLISION, VESSEL HAD TO ANCHOR AT ROADS TO CARRY OUT CUSTOMARY INSPECTIONS/PROCEDURES & SAN BENITO TERMINAL WOULD REMAIN OUT OF ORDER DURING SAID INSPECTIONS & P&I INTERVENTION. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE LIFTED

FURTHER TO OUR BELOW MESSAGES, WE ARE GLAD TO INFORM THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) WAS LIFTED TODAY JAN 07TH, 2020 AT 07:00 HRS AFTER REACHING AN AGREEMENT BETWEEN PARTIES. OPERATIONS AT AFFECTED TERMINALS ARE RETURNING BACK TO NORMAL. UPDATE // TOWAGE STRIKE IN ARGENTINA – FULLY LIFTED FURTHER TO OUR BELOW MESSAGES, WE ARE GLAD TO INFORM THAT THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC JUST NOW ANNOUNCED THAT AFTER 8 DAYS OF STRIKE, AN AGREEMENT WAS REACHED FOR THE LIFTING OF THE FORCE MEASURES TAKEN SINCE DEC 29TH AT 00:00 HRS.

- PORT TUGBOATS ARE OPERATING NORMALLY FROM NOW ON. POSTPONED // NEW PHYTOSANITARY REQUIREMENT FOR VESSELS DUE TO GYPSY MOTH

FOLLOWING OOUR BELOW MESSAGE, PLEASE BE INFORMED THAT NEW PHYTOSANITARY REQUIREMENT DUE TO GYPSY MOTH PLAGE WILL COME INTO FORCE AS FROM APRIL 12TH, 2021 INSTEAD OF JANUANY 2021.

UPDATE // UNDERGOING STRIKES IN ARGENTINA

WE REGRET TO INFORM YOU THAT THE WORKERS UNIONS ASSOCIATIONS, THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC ARE STILL UNDER STRIKE SINCE(DEC 29TH AT 00:00 HRS).

- PORT TUGBOATS MUST ASSIST DEPARTURE OF MOTOR TANKERS THAT, HAVING COMPLETED THEIR LOADING-UNLOADING OPERATIONS, MUST RELEASE THE TERMINALS FOR SECURITY REASONS.

ON THE OTHER HAND, WE ALSO TAKE THE OPPORTUNITY TO REPORT THAT THE CONFLICT WITH URGARA REMAINS UNSOLVED AS WELL.

UPDATE // UNDERGOING STRIKES IN ARGENTINA FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT GOVERNMENT IMPOSED A COMPULSORY CONCILIATION FOR 15 DAYS TO SKIPPERS & SAILORS WORKER UNION, WHICH HAS BEEN ACCEPTED FROM ROSARIO TO CAMPANA PORTS BUT UNFORTUNATELY NOT ACCEPTED BY SAN LORENZO PORT WORKERS.

UPDATE // OIL WORKERS UNION STRIKE (SOEA) - FULLY LIFTED FURTHER TO OUR BELOW MESSAGES, WE ARE GLAD TO INFORM THAT THE CHAMBER OF THE OIL INDUSTRY OF THE ARGENTINE REPUBLIC (CIARA) JUST NOW ANNOUNCED THAT AFTER 20 DAYS OF STRIKE, AN AGREEMENT WAS REACHED WITH THE OIL WORKES UNION (SOEA) FOR THE LIFTING OF THE FORCE MEASURES THAT HAVE STOPPED THE ACTIVITIES AT PORT TERMINALS AND AFFECTED THE AGRO-INDUSTRIAL COMPLEX.

UPDATE // UNDERGOING STRIKES IN ARGENTINA - OIL WORKERS UNION (SOEA) FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT THE MEETING CARRIED OUT TODAY AT THE LABOR MINISTRY TO REACH AN AGREEMENT BETWEEN THE PARTIES INVOLVED DID NOT SUCCEED. THERE IS A NEW MEETING EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 30TH) IN ORDER TO REACH AN AGREEMENT. UNFORTUNATELY, THERE ARE NO CERTAIN RUMORS ABOUT WHEN THIS SITUATION COULD BE RESOLVED. TOWAGE STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT THE WORKERS UNIONS ASSOCIATIONS, THE CENTER OF PATRONS AND FLUVIAL OFFICIALS, FISHERIES AND MARITIME CABOTAGE, THE MARITIME WORKERS UNION (S.O.M.U.), THE CENTER OF NAVAL MACHINISTS CHIEFS AND OFFICIALS, AND THE UNION OF NAVAL CONDUCTORS OF THE ARGENTINE REPUBLIC CALLED ON STRIKE THIS MIDNIGHT (DEC 29TH AT 00:00 HRS).

- PORT TUGBOATS MUST ASSIST DEPARTURE OF MOTOR TANKERS THAT, HAVING COMPLETED THEIR LOADING-UNLOADING OPERATIONS, MUST RELEASE THE TERMINALS FOR SECURITY REASONS.

THERE WILL BE A MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TODAY (DECEMBER 29TH) AT 15:30 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE // UNDERGOING STRIKES IN ARGENTINA - OIL WORKERS UNION (SOEA) FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TODAY (DECEMBER 28TH) AT 16:00 HRS IN ORDER TO DEFINE THE STEPS TO FOLLOW REGARDING THIS SITUATION THAT IS AFFECTING THE ENTIRE AGRI-FOOD CHAIN. ON THE OTHER HAND, TOMORROW THERE WILL BE A KEY MEETING IN THE SEARCH FOR A SOLUTION AND TO AGREE SOCIAL PEACE AND WORK BETWEEN THE PARTIES INVOLVED.

MAINTENANCE WORKS AT JETTY NBR 2, GALVAN (BAHIA BLANCA PORT) PLEASE BE INFORMED THAT BAHIA BLANCA PORT CONSORTIUM INFORMED THAT JETTY NBR 2, GALVAN (BAHIA BLANCA PORT) USUALLY USED FOR LOADING GAS & OTHER PRODUCTS SUCH AS BUTANE, PROPANE, PYGAS, GASOLINE, ETC. WILL NOT BE OPERATIVE FROM JANUARY 14TH AT 00:00 HS UNTIL JANUARY 28TH AT 24:00 HS DUE TO MAINTENANCE WORKS TO BE CARRIED OUT.

TOWAGE STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT SEAMEN UNION HAS JUST INFORMED THAT THEY WILL COMMENCE A NATIONAL STRIKE THIS MIDNIGHT (DEC 26TH AT 00:00 HRS) UNTIL DEC 28TH AT 07:00 HRS. AS A CONSEQUENCE OF THE ABOVE, VESSELS THAT REQUIRE TOWAGE ASSISTANCE FOR BERTHING/UNBERTHING WOULD BE AFFECTED/PREVENTED TO DO SO. IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) TO LNG CARRIERS + TANKERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. THERE IS A MEETING SCHEDULED FOR DEC 28TH AT 11:00 HRS AFTER WHICH UNION WILL INFORM FURTHER STEPS TO FOLLOW. THIS STRIKE ADDS UP TO THE OTHER ONES BEING PERFORMED IN THE COUNTRY (MAINLY BY OIL WORKERS & PRIVATE GRAIN CARGO CONTROLLERS), WHICH ARE KEEPING OPERATIONS AT MOST OF THE ARGENTINE TERMINALS/PORTS INTERRUPTED FOR THE LAST 16 DAYS. HEREUNDER YOU WILL FIND AN IMAGE OF RECALADA AREA, WHICH SHOWS THE ABOUT 100 SHIPS WAITING THERE TO OPERATE UP-RIVER.

UPDATE // UNDERGOING STRIKES IN ARGENTINA

FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT SKIPPERS & SAILORS, HEADCLERKS, WATCHMEN, PRIVATE SURVEILLANCE, PORT, MERCHANT MARINE, HOTEL & GASTRONOMIC WORKER UNIONS HAVE ALSO ADHERED TO THE UNDERGOING STRIKE FROM OIL WORKERS (SOEA), PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) & MARITIME WORKERS UNION (SOMU) AND THE PILOTS TRANSPORTATION BOATS UNION (CALAPRAC), AFFECTING SAN LORENZO & ROSARIO PORTS (EXCEPT FOR ADM TERMINALS). KINDLY NOTE THAT ABOVE WORKER COMMENCED THEIR STRIKES TODAY DEC 23RD AT 0600 HRS AND WILL CONTINUE UNTIL DEC 24TH AT 1800 HRS WITHOUT RENDERING SERVICE. MOREOVER, PLEASE NOTE THAT DUE TO CHRISTMAS HOLIDAYS THEY WOULD NOT RENDER SERVICES FROM DEC 24TH/1800 TO DEC 26TH/0600 HRS. INCREASE ON UP-RIVER PORT PILOTAGE

PLEASE BE INFORMED THAT UP-RIVER PORT PILOTAGE COMPANIES INFORMED THAT THEY WOULD INCREASE THEIR TARIFF FOR EMBARKING/DISEMBARKING PILOTS BY USD 450. MOREOVER, THEY WOULD APPLY A SURCHARGE (FISCAL UNIT * 14) AT FOLLOWING TERMINALS: ROSARIO PORT: * BERTHING AT UNIT VI, UNIT VII, TPR & SERVICIOS PORTUARIOS WHEN ANCHORED AT ROSARIO SECONDARY ROADS. * SAILING DOWNRIVER FROM UNIT VI, UNIT VII, TPR & SERVICIOS PORTUARIOS. SAN LORENZO PORT: * BERTHING AT AGD TIMBUES, ACA TIMBUES, COFCO TIMBUES, DREYFUS TIMBUES, RENOVA TIMBUES & CENTRAL TERMOELECTRICA WHEN ANCHORED AT SOUTH ROADS OR BERTHING WITHOUT ANCHORING AT ROADS. * SAILING DOWNRIVER FROM AGD TIMBUES, ACA TIMBUES, COFCO TIMBUES, DREYFUS TIMBUES, RENOVA TIMBUES & CENTRAL TERMOELECTRICA TO PROCEED DOWNSTREAM, ANCHORING AT SOUTH ROADS OR TURNING AT KM 441 OF PARANA RIVER. THIS NEW TARIFF WILL COME INTO FORCE ON JANUARY 15TH, 2021.

DREDGING AT TERNIUM BERTHS (SAN NICOLAS PORT)

PLEASE BE INFORMED THAT DREDGING TASKS AT TERNIUM COAL & TERNIUM MINERAL BERTHS (SAN NICOLAS PORT) WOULD BE STARTING ON DECEMBER 28TH & COULD TAKE ABOUT 4 DAYS. DURING DREDGING TASKS, BERTHS WILL NOT BE OPERATIVE. INSPECTIONS AT PUERTO NUEVO BERTH-SOUTH SITE (SAN NICOLAS PORT) POSTPONED FOLLOWING OUR BELOW MESSAGE, PLEASE BE INFORMED THAT SOUTH SITE OF PUERTO NUEVO BERTH (SAN NICOLAS PORT) INSPECTIONS PLANNED FOR DECEMBER 21ST TO 29TH HAVE BEEN POSTPONED UNTIL END OF JANUARY. IN VIEW OF ABOVE, SOUTH SITE OF PUERTO NUEVO BERTH (SAN NICOLAS PORT) WILL CONTINUE OPERATIVE. UNDERGOING STRIKES IN ARGENTINA

FURTHER TO OUR MESSAGES, PLEASE FIND AN UPDATE ON UNDERGOING STRIKES’ SITUATION IN ARGENTINA:

OIL WORKERS UNION (SOEA) HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 22ND) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT.

PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) CONTINUE WITH THEIR

PROTEST SINCE DECEMBER 09TH, AFFECTING ALL ARGENTINEAN PORTS.

MARITIME WORKERS UNION (SOMU) AND THE PILOTS TRANSPORTATION BOATS UNION (CALAPRAC) CONTINUE WITH THEIR PROTEST SINCE DECEMBER 1ST, AFFECTING BOAT SERVICES ACTIVITIES FROM CAMPANA TO TIMBUES PORT.

HOLIDAY IN ARGENTINA – DECEMBER 24TH & 25TH, 2020 PLEASE BE INFORMED THAT NEXT THURSDAY & FRIDAY (DECEMBER 24TH & 25TH) WILL BE NATIONAL HOLIDAYS DUE TO CHRISTMAS EVE & CHRISTMAS DAY. UPDATE - OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 21ST) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE - OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS

FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 20TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE - OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 19TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE - OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 18TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE //OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 16TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. UPDATE // OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 15TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT.

UPDATE // OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY WILL CONTINUE WITH THEIR PROTEST AT LEAST FOR ANOTHER 24 HRS, MEANING THAT STRIKE WOULD CONTINUE IN FORCE UNTIL DECEMBER 14TH AT 16:00 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. UPDATE // PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE UNFORTUNATELY PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) HAVE ANNOUNCED THAT THEY WILL CONTINUE WITH THEIR PROTEST AT LEAST FOR ANOTHER 24 HRS, MEANING THAT STRIKE WILL CONTINUE IN FORCE UNTIL DECEMBER 12TH AT 06:00 HRS. OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY HAVE DECIDED TO EXTEND THE STRIKE FOR ANOTHER 24 HRS. AS A CONSEQUENCE OF THE ABOVE, OPERATIONS AT SAN LORENZO & ROSARIO TERMINALS REMAIN INTERRUPTED. THERE IS A NEW MEETING BETWEEN PARTIES EXPECTED TO TAKE PLACE TOMORROW (DECEMBER 11TH) AT 16:00 HRS IN ORDER TO REACH AN AGREEMENT. OIL WORKERS UNION STRIKE AT SAN LORENZO & ROSARIO PORTS FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) ANNOUNCED THAT THEY WOULD GO INTO STRIKE AS FROM TODAY DEC 09TH, 2020 DURING THE AFTERNOON SHIFT. THERE WILL BE A MEETING TOMORROW DEC 10TH AT 16:00 HRS BETWEEN PARTIES IN ORDER TO REACH AN AGREEMENT. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE WE REGRET TO INFORM YOU THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) HAVE ANNOUNCED A 48 HOURS STRIKE WITH THE POSSIBILITY TO BE EXTENDED FOR AN UNLIMITED PERIOD OF TIME DUE TO A SALARY DISPUTE, WHICH WOULD START TOMORROW (DEC 09TH) AT 06:00 HRS. SAME WILL AFFECT PORT ACTIVITIES AT ALL ARGENTINE PORTS. OIL WORKERS UNION STRIKE AT SAN LORENZO PORT PROVISIONALLY LIFTED FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT OIL WORKERS UNION (SOEA) WAS PROVISIONALLY LIFTED THIS MORNING & TERMINALS AT SAN LORENZO PORT ARE RESUMING THEIR ACTIVITIES. UNION IS STILL HOLDING MEETINGS & THERE COULD BE NEWS IN THE DAYS TO COME…

OILER WORKERS UNION STRIKE AT SAN LORENZO PORT WE REGRET TO INFORM THAT DESPITE OILER WORKERS UNION STRIKE WAS LIFTED YESTERDAY, TODAY (DEC 03RD, 2020) AT 06:00 HRS OILER WORKERS FROM SAN LORENZO PORT HAVE STARTED A NEW STRIKE WHICH AFFECTS ALL TERMINALS FROM SAID PORT (INCLUDING TIMBUES TERMINALS). THERE WILL BE A MEETING TODAY AT 18:00 HRS BETWEEN PARTIES IN ORDER TO REACH AN AGREEMENT. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) AND OILER WORKERS UNION STRIKE LIFTED FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) & OILER WORKERS UNION STRIKE WAS LIFTED TODAY DEC 02ND, 2020 AT 06:00 HRS. OPERATIONS AT AFFECTED TERMINALS ARE SLOWLY RETURNING BACK TO NORMAL, EXCEPT FOR ADM TERMINALS AT SAN LORENZO & BAHIA BLANCA PORTS AS MEETINGS ARE STILL BEING HELD. SOMU AND CALAPRAC UNIONS STRIKE - PILOTS BOAT SERVICES AFFECTED WE REGRET TO INFORM YOU THAT, MARITIME WORKERS UNION (SOMU) AND THE PILOTS TRANSPORTATION BOATS UNION (CALAPRAC) HAVE ANNOUNCED THAT THEY WOULD GO INTO STRIKE AS FROM TODAY, DECEMBER 1ST AT 20:00 HRS DUE TO A SALARY DISPUTE. SAME IS EXPECTED TO AFFECT BOAT SERVICES ACTIVITIES FROM CAMPANA TO TIMBUES PORT. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) AND OILER WORKERS UNION STRIKE WE REGRET TO INFORM YOU THAT, JUST NOW, PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) AND OILER WORKERS UNION HAVE ANNOUNCED THAT THEY WOULD GO INTO STRIKE AS FROM TOMORROW, DECEMBER 1ST AT 06:00 HRS DUE TO A SALARY DISPUTE. FOR THE TIME BEING, THE TERMINALS ADHERED ARE THE FOLLOWING:

- ACA, SAN LORENZO. - CARGILL, ALVEAR. - ADM AGRO, ARROYO SECO.

HOLIDAY IN ARGENTINA – DECEMBER 07TH & 08TH, 2020 PLEASE BE INFORMED THAT NEXT MONDAY & TUESDAY (DECEMBER 07TH & 08TH) WILL BE NATIONAL HOLIDAYS DUE INMACULATE CONCEPTION DAY. MERCHANT SEAFARER DAY IN ARGENTINA PLEASE BE INFORMED THAT TOMORROW (NOVEMBER 25TH) WILL BE THE MERCHANT SEAFARER DAY IN ARGENTINA. AS A CONSEQUENCE OF THE ABOVE, SEAMEN + OFFICERS & ENGINEERS + CAPTAINS UNIONS HAVE INFORMED THAT THEY WOULD NOT RENDER SERVICES FOR THE WHOLE DAY (FROM NOVEMBER 25TH AT 00:00 HRS TILL 24:00 HRS). THIS WOULD AFFECT TOWAGE SO AS LAUNCH SERVICES + NATIONAL FLAG VESSELS.

NOTWITHSTANDING THE ABOVE, EACH COMPANY HAS BEEN ALLOWED TO HAVE SKELETON STAFF ON DUTY FOR OPERATING (AT LEAST PARTIALLY) THEIR FLEET. SUMMARIZING, IT IS EXPECTED THAT ABOVE SERVICES WOULD BE RENDERED, BUT SOME MINOR DELAYS COULD BE EXPECTED DEPENDING ON CONGESTION/NUMBER OF SHIFTINGS. COVID-19 CASES AT BAHIA BLANCA PORT - MV REGALICA PLEASE BE INFORMED THAT ON NOVEMBER 18TH & AFTER REQUESTING MEDICAL ATTENTION FOR A COUPLE OF CREWMEMBERS WHO DIDN´T FEEL WELL, 8 CASES OF COVID-19 WERE DETECTED ON BOARD MV REGALICA, WHILE SHE WAS LOADING ABOUT 13,000 MT OF MALT BOUND BRAZIL AT CARGILL BERTH, BAHIA BLANCA PORT. LOADING WAS BRIEFLY INTERRUPTED & ON NOVEMBER 19TH, ONCE SHE COMPLETED HER OPERATIONS, ALL CABINS WERE FUMIGATED & SHE SHIFTED TO BUOY 17, WHERE SHE CURRENTLY REMAINS IN QUARANTINE FOR 14 DAYS FOLLOWING SANITARY INSTRUCTIONS. MEDICAL CHECK-UPS WILL BE REGULARLY PERFORMED. OPERATIONS AT BAHIA BLANCA ARE NOT AFFECTED BY THIS SITUATION AND PORT CONTINUES WORKING. M/V ASIA GRAECA REFLOATED // PARANA RIVER, ARGENTINA WE ARE PLEASED TO INFORM YOU THAT M/V ASIA GRAECA WAS REFLOATED YESTERDAY (NOVEMBER 19TH) AT 23:00 HRS ASSISTED BY TUG BOATS “BRUTUS” & “RANQUEL”. SHE IS CURRENTLY ANCHORED AT SAN LORENZO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH CASUALTY AREA REMAINS CLOSED BY COAST GUARD FOR LADEN VESSELS UNTIL NEW SOUNDINGS ARE PERFORMED IN THE AREA. WILL LET YOU KNOW AS SOON AS NAVIGATION IS COMPLETELY RESTORED. UPDATE // GROUNDING IN THE PARANA RIVER - M/V ASIA GRAECA FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT TUGBOAT “RANQUEL” & “BRUTUS” WERE APPOINTED TO CARRY OUT REFLOATING MANEUVERS OF REF VESSEL. TUGBOAT “RANQUEL” IS ALREADY ON THE AREA WHILE “BRUTUS” IS EXPECTED TO ARRIVE TODAY ABT 16:00 HRS IN ORDER TO COMMENCE ASSISTING THE MANEUVERS. NAVIGATION OP-DOWSTREAM THROUGH THE CASUALTY AREA REMAINS CLOSED FOR VESSELS IN LADEN CONDITION. GROUNDING IN THE PARANA RIVER - M/V ASIA GRAECA PLEASE BE INFORMED THAT YESTERDAY (NOVEMBER 18TH) AT 22:30 HRS M/V ASIA GRAECA WENT AGROUND AT KM 453 OF THE PARANA RIVER (SAN LORENZO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 39,309 MT SBM AT TERMINAL 6, SAN LORENZO PORT BOUND TO JAPAN ON A DRAFT OF 9.29M FW. SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD FOR VESSELS IN LADEN CONDITION. FYG SHE IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS.

TOWAGE STRIKE IN ARGENTINA LIFTED PLEASE BE INFORMED THAT GOVERNMENT IMPOSED A COMPULSORY CONCILIATION FOR 15 DAYS & TOWAGE STRIKE WAS LIFTED TODAY AT 17:30 HRS. IT IS EXPECTED TOWAGE SERVICES WOULD BE RESUMED SHORTLY. TOWAGE STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT SEAFARERS UNION JUST INFORMED THAT THEY WILL COMMENCE A NATIONAL STRIKE THIS MIDNIGHT (NOV 18TH AT 00:00 HRS) FOR AN UNDETERMINED PERIOD OF TIME CLAIMING FOR A SALARY INCREASE. AS A CONSEQUENCE OF THE ABOVE, VESSELS THAT REQUIRE TOWAGE ASSISTANCE FOR BERTHING/UNBERTHING WOULD BE AFFECTED/PREVENTED TO DO SO. IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) TO LNG CARRIERS + TANKERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. COVID-19 - NECOCHEA NEWS // ARGENTINA PLEASE BE INFORMED THAT NECOCHEA PORT CONSORTIUM ISSUED TODAY A NEW DISPOSITION, WHICH BASICALLY ALLOWS VESSELS TO PROCEED ALONGSIDE & OPERATE EVEN IF THEY HAVE LESS THAN 14 DAYS TRANSIT TIME FROM THE LAST PORT ABROAD, AS LONG AS ALL PARTIES INVOLVED IN THE TRADE (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM MENTIONING THE REASONS WHY THEY NEED TO AVOID SUCH QUARANTINE & GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE (SIMILAR PROCEDURE AS IN BAHIA BLANCA). OFF THE RECORDS HEARD THAT STEVEDORES UNION (SOMU) WHO WAS THE ONE NOT GRANTING SERVICES BEFORE, WOULD ALIGN THEMSELVES WITH THIS NEW REGULATION. SUMMARIZING, KINDLY FIND HEREUNDER CURRENT SITUATION AT DIFFERENT PORTS: . UP-RIVER: NO QUARANTINE APPLIES. SANITARY AUTHORITIES WOULD INSPECT VESSELS UPON ARRIVAL AT DISCH/LOADPORT ROADS THAT HAVE BEEN DURING THE LAST 14 DAYS (OR HAVE CREWMEMBERS ON BOARD THAT HAVE BEEN) IN ANY OF THE COUNTRIES CONSIDERED BY ARGENTINA AS ENDEMIC (THIS MAINLY AFFECTS VESSELS ARRIVING FROM BRAZIL & CHILE). . NECOCHEA & BAHIA BLANCA: PORT AUTHORITIES/CONSORTIUM WOULD AUTHORIZE VESSELS WHICH DON´T COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY DEPARTED FROM THE LAST PORT ABROAD TO PROCEED ALONGSIDE AS LONG AS ALL PARTIES INVOLVED (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM MENTIONING THE REASONS WHY THEY NEED TO AVOID SUCH QUARANTINE & GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE. UPDATE // PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE IS STILL IN FORCE AFFECTING FOLLOWING PORTS/TERMINALS: . BAHIA BLANCA: IN FORCE SINCE NOV 05TH, BUT ACTIONS VARY FROM ONE TERMINAL TO ANOTHER. CURRENTLY THERE ARE 2 VESSELS ALONGSIDE, WHICH ARE LOADING NORMALLY FOR THE TIME BEING.

. NECOCHEA: IN FORCE SINCE NOV 07TH. CURRENTLY AFFECTING OPERATIONS OF THE ONLY VESSEL ALONGSIDE AT PIER NBR 2/3 (ACA BERTH), WHICH IS LOADING DISCONTINUOUSLY. . ROSARIO: IN FORCE SINCE NOV 10TH. CURRENTLY AFFECTING OPERATIONS AT ADM AGRO ARROYO SECO TERMINAL. . SAN LORENZO: IN FORCE SINCE NOV 10TH. CURRENTLY AFFECTING OPERATIONS AT ACA & ADM AGRO TERMINALS. INCREASE ON ARGENTINE PARANA RIVER PILOTAGE FURTHER TO RIVER PLATE PILOTAGE INCREASE INFORMED LAST MONTH AND AS A CONSEQUENCE OF MEASURES TAKEN FOR PREVENTING THE SPREAD OF COVID-19 PANDEMIC SUCH AS BORDERS CLOSURES & LACK OF TRANSPORTATION MEANS (I.E. FERRIES & FLIGHTS), EXTRA EXPENSES FOR POSITIONING PILOTS ARE BEING FACED. IN VIEW OF THE ABOVE, ARGENTINE PARANA RIVER PILOTS INFORMED THAT THEY WOULD INCREASE THEIR TARIFF FOR EMBARKING/DISEMBARKING PILOTS BY USD 350 PER PILOT & WILL ALSO INCREASE BY ABT USD 500 THE COST FOR POSITIONING PILOTS AT NUEVA PALMIRA, URUGUAY WHEN VESSELS SAIL THROUGH EMILIO MITRE CHANNEL. THIS INCREASE WILL COME INTO FORCE AS FROM JANUARY 2021.

TR NIKLAS GROUNDED & REFLOATED AT SAN NICOLAS AREA PLEASE BE INFORMED THAT TODAY (NOV 04TH) AT 04:25 HRS MV TR NIKLAS WENT AGROUND AT KM 343 OF THE PARANA RIVER (SAN NICOLAS AREA) WHILE SHE WAS NAVIGATING UPSTREAM BOUND SIDERAR BERTH, SAN NICOLAS PORT, LOADED WITH SOME 38,600 MT OF IRON ORE ON A DRAFT OF 09.80M FW. FORTUNATELY AT 07:09 HRS SHE WAS REFLOATED BY HER OWN MEANS & IS CURRENTLY ANCHORED AT SAN NICOLAS ROADS FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES. NAVIGATION THROUGH THE CHANNEL WASN´T INTERRUPTED & SAME REMAINS OPEN WITHOUT ANY SPECIAL RESTRICTIONS.

OILERS UNION STRIKE AT SAN LORENZO PORT + COMPULSORY CONCILIATION WE REGRET TO INFORM YOU THAT TODAY (OCTOBER 30TH) AROUND NOONTIME OILERS UNION COMMENCED A STRIKE CLAIMING FOR AN EXTRAORDINARY SALARY PAYMENT, WHICH AFFECTED ACTIVITIES AT SAN LORENZO PORT. NOTWITHSTANDING THE ABOVE, AUTHORITIES JUST IMPOSED A COMPULSORY CONCILIATION FOR 15 DAYS & OPERATIONS ARE CURRENTLY RETURNING BACK TO NORMAL.

TRUCK DRIVERS´ UNION STRIKE AT SAN NICOLAS PORT WE REGRET TO INFORM YOU THAT YESTERDAY OCT 27TH, 2020 AT 21:00 HRS TRUCK DRIVERS´ UNION COMMENCED AN UNNANUNCED STRIKE AT SAN NICOLAS ACCESS PORT GATE, BLOCKING THE ACCESS TO THE TERMINAL TO WORKERS. IN VIEW OF THE ABOVE, OPERATIONS AT SAN NICOLAS PORT ARE INTERRUPTED SINCE THAT MOMENT

OFF THE RECORDS, HAVE HEARD THAT MEASURES BEING TAKEN BY TRUCK DRIVERS COULD CEASE TODAY OCT 28TH AT NOONTIME.

BUNKER SUPPLY IN ARGENTINA - NEW REGULATION

PLEASE BE INFORMED THAT CUSTOMS IMPOSED A NEW REGULATION FOR THE SUPPLY OF BUNKERS/LUBE OILS IN ARGENTINA. AS A CONSEQUENCE OF THE ABOVE, FOLLOWING NEW RESTRICTIONS WOULD APPLY: . DELIVERIES HAVE TO TAKE PLACE AT THE LAST PORT OF CALL IN ARGENTINA (OR PAY CORRESPONDING TAXES). IN OTHER WORDS, VESSELS LOADING UP-RIVER & TOPPING OFF AT SEAPORTS (NECOCHEA OR BAHIA BLANCA) WILL HAVE TO RECEIVE BUNKERS AT THE LAST PORT. VESSELS CALLING NECOCHEA AS TOP OFF PORT MIGHT BE EXEMPTED OF THIS RESTRICTION (TO BE FOLLOWED CASE BY CASE) AS THERE ARE NO BUNKERS AVAILABLE AT SAID PORT (JUST SMALL QTTIES BY TRUCK). . VESSELS NOT CALLING ARGENTINA WILL HAVE TO PAY CORRESPONDING EXPORT TAXES TO RECEIVE BUNKERS IN ARGENTINA (THIS ALSO APPLIES FOR VESSELS CALLING JUST NUEVA PALMIRA IN URUGUAY). . VESSELS RECEIVING BUNKERS AT ZONA COMUN PRIOR LOADING UP-RIVER WILL HAVE TO PAY CORRESPONDING TAXES AS IT WILL BE CONSIDERED THAT SAME ARE USED FOR CABOTAGE. LAST BUT NOT LEAST & IN ORDER TO LEAVE THINGS CLEAR, PLS NOTE THAT VESSELS LOADING JUST UP-RIVER WILL HAVE NO SPECIAL/ADDITIONAL RESTRICTIONS (BESIDES THE FACT THAT MAX QUANTITY TO BE SUPPLIED CANNOT BE MORE THAN THE OUTCOME OF MULTIPLYING TRANSIT TIME BY DAILY CONSUMPTION) FOR BUNKERING AT ZONA COMUN DURING VESSEL´S OUTBOUND NAVIGATION.

URUGUAYAN NATIONAL ADMINISTRATION OF PORTS’ STRIKE WE REGRET TO INFORM YOU THAT URUGUAYAN NATIONAL ADMINISTRATION OF PORTS HAS ANNOUNCED A 24 HOURS STRIKE FOR OCTOBER 28TH, 2020. IN VIEW OF THE ABOVE, OPERATIONS AT ANP TERMINAL, NUEVA PALMIRA PORT, WILL BE AFFECTED/INTERRUPTED DURING SAID PERIOD OF TIME. NEW PHYTOSANITARY REQUIREMENT FOR VESSELS DUE TO GYPSY MOTH PLEASE BE INFORMED THAT AS FROM JANUARY 2021, THERE WILL BE A NEW PHYTOSANITARY REQUIREMENT FOR VESSELS WHICH SAILED OR REMAINED IN AREAS WITH LYMANTRIA DISPAR PLAGUE (GYPSY MOTH) DURING THE LAST 24 MONTHS. IF A VESSEL HAS SAILED OR REMAINED IN AREAS WITH LYMANTRIA DISPAR PLAGUE (GYPSY MOTH) DURING THE LAST 24 MONTHS, VESSEL SHOULD PRESENT A CERTIFICATE OF VESSEL FREE OF GYPSY MOTH ASIAN OR JAPANESE BREED, ISSUED BY THE PHYTOSANITARY AUTHORITY OR ANY OTHER OFFICIAL AUTHORITY FROM THE LAST PORT OF STAY/DEPARTURE IN AREAS WITH THESE PLAGUES DURING THE PERIOD OF FEMALE MONTH’S FLIGHT. MOREOVER, NATIONAL HEALTH AND AGRIFOOD QUALITY SERVICE (SENASA) WILL ANALYZE CASE BY CASE IF NECESSARY TO BOARD THE VESSEL FOR INSPECTION AT FIRST CALLING PORT & IN CASE FINDING PRESENCE OF PLAGUE, THEY WILL INFORM STEPS TO BE FOLLOWED IN ORDER TO ALLOW THE VESSELS TO ENTER THE PORT. FYG THE SERVICE OF FUMIGATION FOR GYPSY MOTH PLAGUE IS AVAILABLE IN OUR COUNTRY & CERTIFICATE CAN BE OBTAINED UPON REQUEST.

OILER WORKERS UNION STRIKE – SAN LORENZO WE REGRET TO INFORM YOU THAT OILER WORKERS UNION HAVE ANNOUNCED A 24 HOURS STRIKE DUE TO A SALARY DISPUTE, WHICH WOULD START TODAY (OCT 19TH) AT 1800 HRS. SAME WILL AFFECT PORT ACTIVITIES AT FOLLOWING TERMINALS AT SAN LORENZO PORT: * DREYFUS TIMBUES * RENOVA TIMBUES * PAMPA * DEMPA * QUBRACHO * VICENTIN * SAN BENITO OIL WORKERS UNION STRIKE LIFTED (COMPULSORY CONCILIATION)

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT OIL WORKERS UNION STRIKE WAS LIFTED TODAY AFTER THE UNION ACCEPTED THE COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT FOR 15 DAYS. THERE WILL BE A NEW MEETING ON OCTOBER 20TH BETWEEN PARTIES IN ORDER TO REACH AN AGREEMENT. OPERATIONS AT AFFECTED TERMINALS ARE SLOWLY RETURNING BACK TO NORMAL.

OIL WORKERS UNION STRIKE IN ARGENTINA PLEASE NOTE THAT TODAY (OCT 13TH) AT 14:00 HRS OIL WORKERS FROM ROSARIO AREA COMMENCED A STRIKE FOR AN UNDETERMINED PERIOD OF TIME DUE TO A SALARY DISPUTE. FYG, THIS STRIKE AFFECTS FOLLOWING TERMINALS FROM ROSARIO PORT: *CARGILL VGG *CARGILL PUNTA ALVEAR *DREYFUS (VEG-OILS)

BAN FOR THE USE OF OPEN LOOP SCRUBBERS SUSPENDED IN ARGENTINA FURTHER TO OUR BELOW MESSAGE DATED AUGUST 13TH, 2020, PLEASE BE INFORMED THAT COAST GUARD HAS NOW SUSPENDED THE BAN FOR DISCHARGING WASH WATER PRODUCED BY EXHAUST GAS CLEANING SYSTEMS (OPEN LOOP SCRUBBERS) AT ARGENTINE WATERS.

TEMPORARY DECREASE OF EXPORT TAXES // ARGENTINA

PLEASE BE INFORMED THAT ARGENTINE GOVERNMENT HAS ANNOUNCED THAT EXPORT DUTIES FOR SOYBEAN & IT´S BY-PRODUCTS WILL BE TEMPORARY DECREASED BY 3% AIMING TO ENCOURAGE THE SELLS OF SAID COMMODITY & IMPROVE EXPORTS FLOW. ON TOP OF THE ABOVE, THEY HAVE ALSO APPLIED REDUCTIONS TO OTHER COMMODITIES SUCH AS BIODIESEL (FROM 29 DOWN TO 26%), MEAT (9 TO 5%), MINING (12 TO 8%) & OTHERS.

GRAINS, SUCH AS CORN, WHEAT & SORGHUM, WILL NOT SUFFER ANY CHANGES (MEANING SAME WILL REMAIN AT 12%). CONSIDERING THE ABOVE, NEW EXPORT TAX SCHEME WOULD BE THE FOLLOWING: OLD EXPORT

TAX EXPORT TAX (OCT 2020)

EXPORT TAX (NOV 2020)

EXPORT TAX (DEC 2020)

EXPORT TAX (JAN 2021)

SB 33% 30% 31.5% 32% 33% SBO/SBM 33% 28% 29% 30% 31% BIODIESEL 30% 26% 27% 28% 29% CORN 12% 12% 12% 12% 12% WHEAT 12% 12% 12% 12% 12% SORGHUM 12% 12% 12% 12% 12%

INCREASE ON ARGENTINE RIVER PLATE PILOTAGE PLEASE BE INFORMED THAT DUE TO NEW TAX REGULATIONS IMPOSED BY THE ARGENTINE GOVERNMENT TO THOSE COSTS ORIGINATED ABROAD, RIVER PLATE PILOTAGE COMPANIES INFORMED THAT THEY WOULD INCREASE THEIR TARIFF BY USD 640 FOR THOSE VESSELS NAVIGATING THE RIVER PLATE ON A DRAFT OF LESS THAN 8.53M FW & BY USD 960 TO THOSE DOING IT ON MORE THAN 8.53M. THIS NEW TARIFF WILL COME INTO FORCE ON OCTOBER 15TH, 2020. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE

WE REGRET TO INFORM YOU THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) HAVE ANNOUNCED A 24 HOURS STRIKE DUE TO A SALARY DISPUTE, WHICH WOULD START TODAY (SEP 27TH) AT MIDNIGHT. SAME WILL AFFECT PORT ACTIVITIES AT ALL ARGENTINE PORTS. FYG THERE IS A MEETING BETWEEN GOVERNMENT REPRESENTATIVES & THE UNION SCHEDULED FOR TUESDAY (SEP 29TH) IN ORDER TO REACH AN AGREEMENT. COVID-19 - BAHIA BLANCA NEWS // ARGENTINA ALTHOUGH NO OFFICIAL INFORMATION WAS DISCLOSED UP TO NOW, WE HAVE HEARD THAT BAHIA BLANCA PORT BECOME A BIT MORE FLEXIBLE FOR VESSELS ARRIVING THERE WITH LESS THAN 14 DAYS TRANSIT TIME. AS A CONSEQUENCE OF THE ABOVE, VESSELS ARRIVING FROM ENDEMIC COUNTRIES (I.E. BRAZIL) WITHOUT COMPLYING WITH THE 14 DAYS QUARANTINE MIGHT BE ALLOWED TO OPERATE AS LONG AS ALL PARTIES INVOLVED IN THE TRADE (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM MENTIONING THE REASONS WHY THEY NEED TO AVOID SUCH QUARANTINE & GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE. IN THE PAST, THIS WAS ONLY BEING GRANTED TO SOME VESSELS ARRIVING FROM URUGUAY OR THOSE OPERATING WITH GAS AND OTHER PRODUCTS, WHICH ARE ESSENTIAL FOR DOMESTIC ECONOMY. SUMMARIZING, KINDLY FIND HEREUNDER CURRENT SITUATION AT DIFFERENT PORTS: . UP-RIVER: NO QUARANTINE APPLIES. SANITARY AUTHORITIES WOULD INSPECT VESSELS UPON ARRIVAL AT DISCH/LOADPORT ROADS THAT HAVE BEEN DURING THE LAST 14 DAYS (OR HAVE CREWMEMBERS ON BOARD THAT HAVE BEEN) IN ANY OF THE COUNTRIES CONSIDERED BY ARGENTINA AS ENDEMIC (THIS MAINLY AFFECTS VESSELS ARRIVING FROM BRAZIL & CHILE). . NECOCHEA: VESSELS ARRIVING FROM ENDEMIC COUNTRIES (AGAIN, THIS MAINLY APPLIES FOR BRAZIL & CHILE) SHOULD COMPLY WITH THE 14 DAYS QUARANTINE.

SANITARY & PORT AUTHORITIES MIGHT AUTHORIZE VESSELS COMING FROM THOSE COUNTRIES NOT LISTED AS ENDEMIC TO PROCEED ALONGSIDE (I.E. URUGUAY), BUT STEVEDORES UNION ARE NOT GRANTING SERVICES UNTIL VESSELS COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY CALLED THE LAST PORT ABROAD (IRRESPECTIVE OF CALLING AN ARGENTINE PORT INBETWEEN). . BAHIA BLANCA: PORT AUTHORITIES/CONSORTIUM WOULD NOT AUTHORIZE VESSELS WHICH DON´T COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY DEPARTED FROM THE LAST PORT ABROAD TO PROCEED ALONGSIDE, UNLESS THEY ARE SCHEDULED TO OPERATE WITH GAS AND OTHER PRODUCTS, WHICH ARE ESSENTIAL FOR DOMESTIC ECONOMY OR ALL PARTIES INVOLVED (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM MENTIONING THE REASONS WHY THEY NEED TO AVOID SUCH QUARANTINE & GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE (THIS NOW APPLIES FOR OTHER ENDEMIC COUNTRIES, I.E. BRAZIL & NOT JUST URUGUAY). URUGUAYAN SEAMEN UNION STRIKE WE REGRET TO INFORM YOU THAT URUGUAYAN SEAMEN UNION ANNOUNCED A 24 HOURS STRIKE FOR SEPTEMBER 17TH, 2020. IN VIEW OF THE ABOVE, OPERATIONS AT ALL URUGUAYAN PORTS WILL BE AFFECTED/INTERRUPTED DURING SAID PERIOD OF TIME & RIVER PLATE PILOTS´ EMBARKATION/DISEMBARKATION AT RECALADA P/S MIGHT SUFFER DELAYS AS WELL. OIL REFINERIES WORKERS UNION STRIKE LIFTED (COMPULSORY CONCILIATION) FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT OIL REFINERIES WORKERS UNION STRIKE WAS LIFTED YESTERDAY EVENING AFTER THE UNION ACCEPTED THE COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT FOR 15 DAYS. THERE WILL BE A NEW MEETING ON SEPTEMBER 15TH BETWEEN PARTIES IN ORDER TO REACH AN AGREEMENT. OIL REFINERIES WORKERS UNION STRIKE IN ARGENTINA WE REGRET TO INFORM YOU THAT TODAY SEPTEMBER 11TH, 2020 AT 00:00 HRS OIL REFINERIES WORKERS UNION COMMENCED A STRIKE FOR AN UNDETERMINED PERIOD OF TIME DUE TO A SALARY DISPUTE. 15 DAYS AGO GOVERNMENT IMPOSED A COMPULSORY CONCILIATION BUT UNFORTUNATELY AFTER SEVERAL MEETINGS PARTIES DID NOT REACH AN AGREEMENT. THIS MEASURE WILL AFFECT TRUCKS MOVEMENTS AT MOST OF THE REFINERIES EXCEPT FOR YPF AS IT´S WORKERS ARE GATHERED UNDER A DIFFERENT UNION. NOTWITHSTANDING THE ABOVE, OPERATIONS AT SOME TERMINALS LIKE RAIZEN (DOCK SUD PORT), PETROMINING (CAMPANA PORT) & KM 171 OF PARANA GUAZU RIVER ARE NOT AFFECTED. COVID-19 - UP-RIVER NEWS // ARGENTINA WE ARE GLAD TO INFORM THAT VESSELS ARRIVING FROM ANY OF THE ENDEMIC COUNTRIES & ENTERING THE RIVER PLATE WITHOUT COMPLYING WITH THE 14 DAYS QUARANTINE, WILL NO LONGER BE REQUIRED BY SANITARY AUTHORITIES TO BE INSPECTED AT ZONA COMUN (CONTROL OF CREW BODY TEMPERATURE) & THEY WOULD BE AUTHORIZED TO PROCEED STRAIGHT TO DESTINATION AS LONG AS THEY COMPLY WITH CORRESPONDING PRE-ARRIVAL REQUIREMENTS & AUTHORITIES DON´T SUSPECT A POTENTIAL RISK.

SANITARY INSPECTION WOULD TAKE PLACE FROM NOW ON UPON VESSEL´S ARRIVAL AT DISCH/LOADPORT ROADS. SUMMARIZING, KINDLY FIND HEREUNDER CURRENT SITUATION AT DIFFERENT PORTS: . UP-RIVER: NO QUARANTINE APPLIES. SANITARY AUTHORITIES WOULD INSPECT VESSELS UPON ARRIVAL AT DISCH/LOADPORT ROADS THAT HAVE BEEN DURING THE LAST 14 DAYS (OR HAVE CREWMEMBERS ON BOARD THAT HAVE BEEN) IN ANY OF THE COUNTRIES CONSIDERED BY ARGENTINA AS ENDEMIC (THIS MAINLY AFFECTS VESSELS ARRIVING FROM BRAZIL & CHILE). . NECOCHEA: VESSELS COMING FROM ENDEMIC COUNTRIES (AGAIN, THIS MAINLY APPLIES FOR BRAZIL & CHILE) SHOULD COMPLY WITH THE 14 DAYS QUARANTINE. SANITARY & PORT AUTHORITIES MIGHT AUTHORIZE VESSELS COMING FROM THOSE COUNTRIES NOT LISTED AS ENDEMIC TO PROCEED ALONGSIDE (I.E. URUGUAY), BUT STEVEDORES UNION ARE NOT GRANTING SERVICES UNTIL VESSELS COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY CALLED THE LAST PORT ABROAD (IRRESPECTIVE OF CALLING AN ARGENTINE PORT INBETWEEN). . BAHIA BLANCA: PORT AUTHORITIES/CONSORTIUM WOULD NOT AUTHORIZE VESSELS WHICH DON´T COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY DEPARTED FROM THE LAST PORT ABROAD TO PROCEED ALONGSIDE, UNLESS ALL PARTIES INVOLVED (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM MENTIONING THE REASONS WHY THEY NEED TO AVOID SUCH QUARANTINE & GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE. INCREASE ON URUGUAYAN RIVER PILOTAGE (WHEN BUNKERING AT ZONA COMUN) PLEASE BE INFORMED THAT AS A CONSEQUENCE OF MEASURES TAKEN FOR PREVENTING THE SPREAD OF COVID-19 PANDEMIC SUCH AS BORDERS CLOSURES & LACK OF TRANSPORTATION MEANS (I.E. FERRIES & FLIGHTS), EXTRA EXPENSES FOR POSITIONING PILOTS ARE BEING FACED. IN VIEW OF THE ABOVE, URUGUAYAN PILOTS INFORMED THAT THEY WOULD INCREASE THEIR TARIFF FOR EMBARKING/DISEMBARKING PILOTS AT ZONA COMUN BY USD 2,400 AS FROM OCTOBER 2020 & ADDITIONAL USD 1,200 (TOTAL: USD 3,600) BY JANUARY 2021. THIS WOULD MAINLY AFFECT VESSELS COMING FROM NUEVA PALMIRA, URUGUAY THAT RECEIVE BUNKERS AT ZONA COMUN, ARGENTINA. UPDATE ON MAINTENANCE AT JETTY NBR 2, GALVAN (BAHIA BLANCA PORT)

SEPTEMBER 07TH, 2020 FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT REPAIRS ON MOORING DOLPHIN NBR 11 OF JETTY NBR 2, GALVAN (BAHIA BLANCA PORT) HAVE BEEN FIXED TO COMMENCE ON OCTOBER 05TH, 2020 INSTEAD OF SEPTEMEBER 07TH, 2020. SAME WILL TAKE ABOUT 3 MONTHS & DURING SAID PERIOD OF TIME, JETTY WOULD BE 3 WEEKS PER MONTH OUT OF SERVICE & 1 WEEK OPERATIVE (TO BE COORDINATED BETWEEN SHIPPERS/TERMINAL OPERATORS). ANNOUNCED MAINTENANCE AT JETTY NBR 2, GALVAN (BAHIA BLANCA PORT)

AUGUST 28TH, 2020

PLEASE BE INFORMED THAT JETTY NBR 2, GALVAN (BAHIA BLANCA PORT) USUALLY USED FOR LOADING GAS & OTHER PRODUCTS SUCH AS BUTANE, PROPANE, PYGAS,

GASOLINE, ETC WILL BE UNDER MAINTENANCE (REPAIRS ON MOORING DOLPHIN NBR 11) FROM SEPTEMBER 07TH, 2020 FOR ABOUT 3 MONTHS. DURING SAID PERIOD OF TIME, JETTY WOULD BE 3 WEEKS PER MONTH OUT OF SERVICE & 1 WEEK OPERATIVE (TO BE COORDINATED BETWEEN SHIPPERS/TERMINAL OPERATORS). PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE LIFTED

(COMPULSORY CONCILIATION) AUGUST 27TH, 2020

FURTHER TO OUR BELOW MESSAGE, PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE WAS LIFTED TODAY AT 20:00 HRS AFTER THE UNION ACCEPTED THE COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT FOR 15 DAYS. THERE WILL BE A NEW MEETING ON SEPTEMBER 02ND BETWEEN PARTIES IN ORDER TO REACH AN AGREEMENT. PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) STRIKE

AUGUST 26TH, 2020

WE REGRET TO INFORM THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) HAVE ANNOUNCED A STRIKE DUE TO A SALARY DISPUTE FOR NEXT FRIDAY AUGUST 28TH, 2020. SAME WILL AFFECT PORT ACTIVITIES ARGENTINEAN PORTS FOR 36 HRS AS FROM AUG 28TH/0000 HRS. EXPECT GOVERNMENT WILL IMPOSE A COMPULSORY CONCILIATION PRIOR STRIKE COMMENCEMENT, BUT STILL NOT CONFIRMED. SAN NICOLAS - PUERTO NUEVO PORT ACTIVITIES INTERRUPTED

AUGUST 18TH, 2020 WE REGRET TO INFORM YOU THAT MR EDUARDO FERREYRA, GENERAL SECRETARY OF SAN NICOLAS STEVEDORES UNION, PASSED AWAY TODAY AS A CONSEQUENCE OF COVID-19. IN VIEW OF THE ABOVE, PORT ACTIVITIES AT PUERTO NUEVO TERMINAL IN SAN NICOLAS HAVE BEEN INTERRUPTED TODAY AT 18:00 HRS & ARE EXPECTED TO BE RESUMED TOMORROW (AUGUST 19TH) AT 06:00 HRS. USE OF OPEN LOOP SCRUBBERS BANNED IN ARGENTINA

AUGUST 13TH, 2020 PLEASE BE INFORMED THAT COAST GUARD HAS BANNED THE DISCHARGE OF WASH WATER PRODUCED BY EXHAUST GAS CLEANING SYSTEMS (OPEN LOOP SCRUBBERS) AT ARGENTINE WATERS. NOTWITHSTANDING THE ABOVE, COAST GUARD HAS MENTIONED THAT THE USE OF CLOSED LOOP SCRUBBER SYSTEMS IS STILL ALLOWED SINCE WASH WATER IS KEPT ON BOARD. HOLIDAY IN ARGENTINA – AUGUST 17TH, 2020

AUGUST 13RD, 2020 PLEASE BE INFORMED THAT NEXT MONDAY (AUGUST 17TH) WILL BE NATIONAL HOLIDAY DUE TO GENERAL JOSE DE SAN MARTIN´S DEATH ANNIVERSARY.

SAN NICOLAS PORT ACTIVITIES RESUMED

AUGUST 08TH, 2020

WE ARE GLAD TO INFORM THAT PORT ACTIVITIES AT SAN NICOLAS PORT WERE FINALLY RESUMED THIS MORNING. SAN NICOLAS PORT ACTIVITIES TO BE RESUMED TOMORROW

AUGUST 05TH, 2020

WE ARE GLAD TO INFORM YOU THAT AFTER SANITARY PROTOCOLS IMPLEMENTED BY PORT CONSORTIUM, ACTIVITIES AT SAID PORT WILL BE RESUMED TOMORROW (AUGUST 06TH) AT 06:00 HRS. HAVE BEEN VERBALLY INFORMED THAT STEVEDORING COMPANY THAT SUFFERED THE 2 CASES WOULD ONLY BE AUTHORIZED TO RESUME OPERATIONS ONCE OUTCOME OF SWAB TESTS PERFORMED TODAY ARE KNOWN. SAN NICOLAS PORT ACTIVITIES SUSPENDED DUE TO COVID-19 CASE

AUGUST 05TH, 2020

WE REGRET TO INFORM YOU THAT SAN NICOLAS PORT AUTHORITIES SUSPENDED ACTIVITIES THIS MORNING AS A CONSEQUENCE OF A POSITIVE COVID-19 CASE DETECTED TO AN EMPLOYEE FROM A STEVEDORING COMPANY. AUTHORITIES ARE CHECKING IF OTHER PEOPLE COULD HAVE BEEN INFECTED & TALKING ABOUT FURTHER STEPS TO BE FOLLOWED. REVERTING WITH MORE INFO AS SOON AS AVAILABLE. COFCO TIMBUES TERMINAL ACTIVITIES SUSPENDED DUE TO COVID-19 CASES

JULY 28TH, 2020 PLEASE BE INFORMED THAT IN VIEW OF A RECENT CASE OF COVID-19 DETECTED AT COFCO TIMBUES TERMINAL, OILERS WORKERS UNION INSTRUCTED THEIR STAFF TO LEAVE THEIR WORKING PLACES, SUSPENDING OPERATIONS AT SAID BERTH FOR AT LEAST 72 HRS. PLEASE ALSO NOTE THAT VESSELS IN LINE TO CALL THE TERMINAL HAVE BEEN SHIFTED TO OPERATE AT COFCO PGSM TERMINAL & UNIT VI/VII. URUGUAY - SEAMEN UNION (SUPRA) STRIKE

JULY 13TH, 2020

WE REGRET TO INFORM YOU THAT URUGUAYAN SEAMEN UNION (SUPRA) COMMENCED A 24 HRS STRIKE TODAY JULY 13TH AT 15:00 HRS DUE TO THE DEATH OF A WORKER AFTER AN ACCIDENT DURING A VESSEL’S OPERATION LAST WEEK. DUE TO THIS MEASURE, ALL OPERATIONS HAVE BEEN INTERRUPTED UNTIL TOMORROW JULY 14TH AT 15:00 HRS AT ALL URUGUAYAN PORTS. M/V DINO REFLOATED

JUL 07TH, 2020

FOLLOWING OUR PREVIOUS MESSAGE, M/V DINO WAS REFLOATED TODAY AT 1955 HRS ASSISTED BY TUGBOAT “BRUTUS”, WHICH ARRIVED DURING THE AFTERNOON TO ASSIST HER. SHE WILL ANCHOR AT ROSARIO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH CASUALTY AREA REMAINS OPEN WITHOUT SPECIAL RESTRICTIONS (BESIDES THE DRAFT). GROUNDING IN THE PARANA RIVER - M/V DINO

JUL 07TH, 2020 PLEASE BE INFORMED THAT YESTERDAY (JULY 06TH) AT 17:56 HRS M/V DINO WENT AGROUND AT KM 410 OF THE PARANA RIVER (ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM VICENTIN BERTH, SAN LORENZO PORT, LOADED WITH SOME 27,500 MT SBM & CORN BOUND GHANA ON A DRAFT OF 9.49M FW. VESSEL IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. FYG SHE IS NOT OBSTRUCTING NAVIGATION. M/V OURANIA LUCK REFLOATED // PARANA RIVER, ARGENTINA

JULY 06TH, 2020

WE ARE PLEASED TO INFORM YOU THAT M/V OURANIA LUCK WAS REFLOATED YESTERDAY (JULY 05TH) AT 23:55 HRS ASSISTED BY TUG BOATS “BRUTUS” & “RANQUEL”. SHE IS CURRENTLY ANCHORED AT ARROYO SECO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. COAST GUARD IS PERFORMING SOUNDINGS IN THE CASUALTY AREA SO AS TO DETERMINE TODAY´S MAX ALLOWED SAILING DRAFT. IN THE MEANTIME, ONLY VESSELS WITH A MAX DRAFT OF 7.30M FW ARE ALLOWED TO PROCEED UP/DOWNSTREAM. UPDATE // GROUNDING IN THE PARANA RIVER - M/V OURANIA LUCK

JULY 05TH, 2020 FURTHER TO OUR BELOW MESSAGES, M/V OURANIA LUCK REMAINS AGROUND AT KM 398.5 OF THE PARANA RIVER (GENERAL LAGOS/ROSARIO AREA). TUGBOAT “BRUTUS” HAS BEEN ASSISTING FROM 12:15 HRS ON HER REFLOATING ATTEMPTS WITHOUT SUCCESS. TUGBOAT “RANQUEL” WILL ALSO ARRIVE TOMORROW JULY 06TH E.AM TO ASSIST. UP- & DOWNSTREAM NAVIGATION FOR VESSEL’S WHICH HAVE TO NAVIGATE THROUGH MAIN CHANNEL IN A DRAFT UP TO 7.30 M FW AS FROM 20:30 HRS BY COAST GUARDS. THEY HAVE ALSO AUTHORIZED NAVIGATION FOR VESSELS & CONVOYS WHICH CAN NAVIGATE OUTSIDE MAIN CHANNEL. UPDATE // GROUNDING IN THE PARANA RIVER - M/V OURANIA LUCK

JULY 05TH, 2020

FURTHER TO OUR BELOW MESSAGE, M/V OURANIA LUCK REMAINS AGROUND AT KM 398.5 OF THE PARANA RIVER (GENERAL LAGOS/ROSARIO AREA). TUGBOAT “BRUTUS” HAS BEEN APPOINTED TO ASSIST ON HER REFLOATING ATTEMPTS (ARRIVAL TIME TO BE CONFIRMED). UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA REMAINS CLOSED BY COAST GUARD.

GROUNDING IN THE PARANA RIVER - M/V OURANIA LUCK

JULY 05TH, 2020

PLEASE BE INFORMED THAT YESTERDAY (JULY 04TH) AT 22:35 HRS M/V OURANIA LUCK WENT AGROUND AT KM 398.5 OF THE PARANA RIVER (GENERAL LAGOS/ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 44,834 MT CORN AT ACA BERTH, SAN LORENZO PORT BOUND TO KUWAIT ON A DRAFT OF 9.78M FW. SHE WAS SCHEDULED TO TOP OFF AT NECOCHEA PORT. SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD. FYG SHE IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. BAHIA BLANCA PORT OPERATIONS RESTORED

JULY 05TH, 2020 FURTHER TO OUR BELOW MESSAGE, PLS NOTE THAT AFTER A MEETING BETWEEN PORT CONSORTIUM & TERMINAL REPRESENTATIVES HELD TODAY, SANITARY MEASURES WILL BE INTENSIFIED & ACTIVITIES HAVE BEEN RESTORED. BAHIA BLANCA PORT ACTIVITIES SUSPENDED DUE TO COVID-19 CASES

JULY 04TH, 2020 PLEASE BE INFORMED THAT IN VIEW OF A FEW RECENT CASES OF COVID-19 DETECTED AT SOME GRAIN TERMINALS AT BAHIA BLANCA PORT, OPERATIONS HAVE BEEN SUSPENDED TODAY (JUL 04TH) AS FROM 1300 HRS UNTIL JUL 06TH AT 0700 HRS. MOREOVER, PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) HAVE ALSO INSTRUCTED THEIR STAFF TO LEAVE THEIR WORKING PLACES WHILE WAITING FOR FACILITIES TO BE SANITIZED. A MEETING BETWEEN PORT CONSORTIUM & TERMINAL REPRESENTATIVES IS EXPECTED TO TAKE PLACE ON MONDAY IN ORDER TO DETERMINE STEPS TO BE FOLLOWED FROM NOW ON. TOWAGE STRIKE IN ARGENTINA

JULY 01ST, 2020 WE REGRET TO INFORM YOU THAT TUGBOATS WORKERS UNION AT ARGENTINE PORTS COMMENCED A 24 HRS STRIKE TODAY (JULY 01ST) AT 00:00 HRS. IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) FOR LNG CARRIERS + TANKERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. THIS MEASURE IS SUPPOSED TO AFFECT TANKERS, SUCH AS THE ONES SUPPLYING BUNKERS & FEEDERS AS WELL. TOWAGE STRIKE IN ARGENTINA

JULY 01ST, 2020 WE REGRET TO INFORM YOU THAT TUGBOATS WORKERS UNION AT ARGENTINE PORTS COMMENCED A 24 HRS STRIKE TODAY (JULY 01ST) AT 00:00 HRS.

IT HAS BEEN SAID, THAT THEY WOULD ONLY RENDER SERVICES (FOR SAFETY REASONS) FOR LNG CARRIERS + TANKERS THAT ARE CURRENTLY ALONGSIDE & HAVE COMPLETED THEIR OPERATIONS. THIS MEASURE IS SUPPOSED TO AFFECT TANKERS, SUCH AS THE ONES SUPPLYING BUNKERS & FEEDERS AS WELL. STEVEDORES UNION (SUPA) STRIKE AT SAN MARTIN AND TIMBUES AREA

JUNE 23RD, 2020 WE REGRET TO INFORM YOU THAT STEVEDORES UNION (SUPA) ANNOUNCED THAT THEY WOULD GO ON STRIKE TODAY FOR A PERIOD OF 6 HRS (FROM 12:00 TILL 18:00 HRS) CLAIMING TO STOP WITH GOVERNMENT INTERVENTIONS. THIS MEASURE WOULD JUST AFFECT THE TERMINALS IN SAN MARTIN-TIMBUES AREA. SEAMEN UNION (SOMU) STRIKE LIFTED

JUNE 21ST, 2020

SEEMS LIKE THIS STORY FINALLY CAME TO AN END THIS EVENING & DESPITE SEAMEN UNION (SOMU) DIDN´T ACCEPT THE COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT YESTERDAY, THEY FINALLY REACHED AN AGREEMENT WITH THEIR CHAMBER. LAUNCH + MOORING/UNMOORING SERVICES AT UP-RIVER PORTS (RAMALLO UP TO SAN LORENZO/TIMBUES) ARE SLOWLY RETURNING BACK TO NORMAL & BEING RENDERED AROUND THE CLOCK. SEAMEN UNION (SOMU) STRIKE

JUNE 20TH, 2020 (NATIONAL HOLIDAY) WE REGRET TO INFORM YOU THAT SEAMEN UNION (SOMU) COMMENCED A STRIKE THIS MORNING IN VIEW THEY DIDN´T REACH AN AGREEMENT DURING YESTERDAY´S COLLECTIVE SALARY NEGOTIATIONS. IN VIEW OF THE ABOVE, SOME UNION MEMBERS ARE BLOCKING THE ACCESS TO JETTIES USED BY LAUNCHES & NOT ALLOWING THEM TO DEPART IN ORDER TO GRANT SERVICES TO ROADS & MOORING/UNMOORING. THIS MEASURE IS ONLY AFFECTING UP-RIVER PORTS FOR THE TIME BEING. THERE IS A MEETING EXPECTED FOR MONDAY (JUNE 22ND) IN ORDER TO TRY TO REACH AN AGREEMENT. NOTWITHSTANDING THE ABOVE, PRIVATE COMPANIES ARE GETTING INVOLVED TOO IN ORDER TO SOLVE THIS MATTER SOONER (STILL DURING THE WEEKEND). PARANA RIVER DRAFT AFTER REFLOATING OF M/V KYDONIA

JUNE 19TH, 2020 FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED THAT AFTER NEW SOUNDINGS CARRIED OUT AT THE CASUALTY AREA, COAST GUARD HAS INFORMED LAST NIGHT THAT YESTERDAY´S MAX ARRIVAL/SAILING DRAFT FOR MOST OF THE UP-RIVER TERMINALS (SAN LORENZO/ROSARIO – SAN NICOLAS RANGE) WAS 9.68M FW. WILL REVERT WITH TODAY´S MAX SAILING DRAFT AS SOON AS IT HAS BEEN DISCLOSED BY COAST GUARD IN THE USUAL MANNER, BUT SAME SHOULD BE MORE OR LESS IN THE SAME LEVEL AS THE ONE MENTIONED ABOVE. M/V KYDONIA REFLOATED

JUNE 18TH, 2020 FOLLOWING OUR PREVIOUS MESSAGE, M/V KYDONIA WAS REFLOATED TODAY (JUN 18TH) AT 0040 HRS ASSISTED BY TUGBOAT “ALBACORA”. SHE IS CURRENTLY ANCHORED AT SAN NICOLAS ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. AS FROM 0400 HRS, COAST GUARD AUTHORITIES AUTORIZED UPSTREAM NAVIGATION FOR VESSEL’S IN A DRAFT UP TO 7.50 M FW & DOWNSTREAM NAVIGATION FOR VESSEL’S IN A DRAFT UP TO 7.00 M THROUGH THE CASUALTY AREA. UPDATE // GROUNDING IN THE PARANA RIVER - M/V KYDONIA

JUNE 17TH, 2020

FOLLOWING OUR PREVIOUS MESSAGE, M/V KYDONIA REMAINS AGROUND AT KM 338 OF THE PARANA RIVER (SAN NICOLAS AREA). TUGBOAT “ALBACORA” ARRIVED AT 16:00 HRS AND COMMENCED ASSISTING ON HER REFLOATING ATTEMPTS AT 16:35 HRS WITH NO SUCCESS FOR THE TIME BEING. UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA REMAINS CLOSED BY COAST GUARD. GROUNDING IN THE PARANA RIVER - M/V KYDONIA

JUNE 17TH, 2020 PLEASE BE INFORMED THAT TODAY AT 00:50 HRS M/V KYDONIA WENT AGROUND AT KM 338 OF THE PARANA RIVER (SAN NICOLAS AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM AFTER LOADING SOME 44,500 MT SBM+SHP AT VICENTIN BERTH, SAN LORENZO PORT BOUND TO THE NETHERLANDS ON A DRAFT OF 9.80M FW. SHE IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. FYG SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD. NATIONAL HOLIDAYS IN ARGENTINA - JUN 15TH AND JUN 20TH

JUN 11TH, 2020

PLEASE BE INFORMED THAT NEXT MONDAY & SATURDAY (JUN 15TH & 20TH) WILL BE NATIONAL HOLIDAYS IN ARGENTINA. JUNE 15TH: NATIONAL HOLIDAY DUE TO GENERAL MARTIN M. DE GUEMES MEMORIAL DAY. JUNE 20TH: NATIONAL HOLIDAY DUE TO FLAG DAY.

MOORING/UNMOORING TARIFF REDUCED AT CALETA CORDOVA/OLIVIA

MAY 29TH, 2020

WE ARE PLEASED TO INFORM THAT MOORING & UNMOORING SERVICE TARIFF AT TERMAP TERMINALS (CALETA OLVIA & CALETA CORDOVA) WILL DECREASE BY ABOUT 11% AS FROM JUNE 01ST, 2020. KINDLY FIND HEREUNDER NEW COSTS DEPENDING ON VESSEL’S DEADWEIGHT:

UPDATE // GROUNDING IN THE PARANA RIVER - M/V COFCO 1

MAY 28TH, 2020

FOLLOWING OUR BELOW MESSAGES, PLEASE BE INFORMED THAT MV COFCO 1 REMAINS AGROUN AT KM 289 OF THE PARANA RIVER (SAN PEDRO AREA). TUGBOATS “BRUTUS” & “ALBACORA” STILL ASSISTING ON HER REFLOATING ATTEMPS AND TODAY AT 03:40 HRS TUGBOAT “COPOR ESTIBADOR I” HAS ALSO APPROACHED TO ASSIST. DURING THE AFTERNOON, TUGBOAT “COPOR ESTIBADOR II” WILL ALSO ARRIVE TO ASSIST. UPSTREAM NAVIGATION FOR VESSEL’S IN A DRAFT UP TO 7.50 M FW THROUGH THE CASUALTY AREA IS AUTHORIZED & DOWNSTREAM NAVIGATION REMAINS CLOSED. UPDATE // GROUNDING IN THE PARANA RIVER - M/V COFCO 1

MAY 27TH, 2020

FURTHER TO OUR BELOW MESSAGE, PLEASE NOTE THAT TUGBOATS “BRUTUS” & “ALBACORA” ARRIVED AT 15:50 HRS AND COMMENCED ASSISTING ON HER REFLOATING ATTEMPTS AT 16:10 HRS, WITH NO SUCCESS FOR THE TIME BEING. IN CASE SHE DOESN’T REFLOAT BY TOMORROW AM, COAST GUARD HAS REQUESTED THE ASSISTANCE OF A THIRD TUGBOAT. UPSTREAM NAVIGATION FOR VESSEL’S IN A DRAFT UP TO 7.50 M FW THROUGH THE CASUALTY AREA HAS BEEN AUTHORIZED AS FROM 15:00 HRS BY COAST GUARDS. DOWNSTREAM NAVIGATION REMAINS CLOSED. GROUNDING IN THE PARANA RIVER - M/V COFCO 1

MAY 27TH, 2020 PLEASE BE INFORMED THAT TODAY AT 03:00 HRS M/V COFCO 1 WENT AGROUND AT KM 289 OF THE PARANA RIVER (SAN PEDRO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM LDC BERTH, SAN LORENZO PORT, LOADED WITH SOME 40,000 MT SBM BOUND DENMARK ON A DRAFT OF 09.37M FW. VESSEL IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. AS PER LATEST INFORMATION, TWO TUGBOATS WILL ARRIVE TO ASSIST HER TODAY AT 13:00 HRS. FYG SHE IS OBSTRUCTING THE CHANNEL, REASON WHY UP- & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD.

MV MSXT ARTEMIS REFLOATED // XIU YU HAI GROUNDED & REFLOATED

AT SAN NICOLAS AREA MAY 23RD, 2020

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT MV MSXT ARTEMIS WAS REFLOATED YESTERDAY (MAY 22ND) AT 18:40 HRS BY HER OWN MEANS, AS ON MAY 20TH TUGBOAT ASSISTANCE WAS CANCELLED. SHE IS CURRENTLY ANCHORED AT ROSARIO ROADS FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES. SOUNDING WILL BE PERFOMED AT UNIT VI BERTH & SAME WILL BE OUT OF ORDERS UNTIL RESULTS ARE DISCLOSED. + + + ON THE OTHER HAND, PLEASE BE INFORMED THAT YESTERDAY (MAY 22ND) AT 23:00 HRS MV XIU YU HAI WENT AGROUND AT KM 349 OF THE PARANA RIVER (SAN NICOLAS AREA) DUE TO STRONG WINDS WHILE SHE WAS NAVIGATING UPSTREAM FROM SAN NICOLAS ROADS BOUND VILLA CONSTITUCION ROADS IN BALLAST CONDITION ON A DRAFT OF 6.45M FW. FORTUNATELY TODAY (MAY 23RD) AT 09:30 HRS SHE WAS REFLOATED BY HER OWN MEANS & IS CURRENTLY ANCHORED AT SAN NICOLAS ROADS FOR CARRYING OUT CUSTMARY INSPECTION/PROCEDURES. COVID-19 // CHANGES ON QUARANTINE MEASURES IN ARGENTINA

MAY 21ST, 2020

PLEASE BE INFORMED THAT 14 DAYS QUARANTINE IMPOSED BY AUTHORITIES BY THE BEGINNING OF THIS WEEK TO ALL VESSELS COMING FROM ABROAD (EVEN FOR NEIGHBOUR COUNTRIES SUCH AS URUGUAY, BRAZIL AND CHILE) HAS JUST BEEN WITHDRAWN. IN VIEW OF THE ABOVE, SITUATION IS SUPPOSED TO GET BACK TO WHAT IT USED TO BE LAST WEEK, BEING SITUATION AT DIFFERENT PORTS THE FOLLOWING: . UP-RIVER: NO QUARANTINE APPLIES, BUT THERE IS A COAST GUARD DOCTOR BOARDING VESSELS AT RECALADA AREA THAT HAVE BEEN DURING THE LAST 14 DAYS (OR HAVE CREWMEMBERS ON BOARD THAT HAVE BEEN) IN ANY OF THE COUNTRIES CONSIDERED BY ARGENTINA AS ENDEMIC (THIS MAINLY AFFECTS VESSELS ARRIVING FROM BRAZIL & CHILE). THIS COULD CAUSE DELAYS FOR RESUMING NAVIGATION AT RECALADA (FROM JUST A COUPLE OF HOURS UP TO 3-4 DAYS DEPENDING ON CONGESTION + WEATHER CONDITIONS). ON TOP OF THE ABOVE, SOME UNIONS ARE STILL MAKING TROUBLES AND/OR DELAYING THEIR SERVICES WHEN VESSELS ARRIVE FROM BRAZIL & CHILE WITHOUT COMPLYING WITH THE 14 DAYS QUARANTINE (UNFORTUNATELY THIS CANNOT BE ANTICIPATED/PREVENTED & SHOULD BE FOLLOWED CASE BY CASE). MOREOVER & DESPITE IT IS NOT A REQUIREMENT, WE HAVE HEARD FROM CASES OF VESSELS THAT CALLED URUGUAY INBETWEEN ARGENTINE PORTS (I.E. BAHIA BLANCA OR NECOCHEA FOLLOWED BY MONTEVIDEO & THEN UP-RIVER), WHERE SANITARY AUTHORITIES HAVE INSTRUCTED COAST GUARD TO PERFORM THE “PREVENTIVE” INSPECTION MENTIONED ABOVE AT RECALADA, BEFORE AUTHORIZING HER TO RESUME UPSTREAM NAVIGATION. . NECOCHEA: VESSELS COMING FROM ENDEMIC COUNTRIES (AGAIN, THIS MAINLY APPLIES FOR BRAZIL & CHILE) SHOULD COMPLY WITH THE 14 DAYS QUARANTINE. SANITARY & PORT AUTHORITIES MIGHT AUTHORIZE VESSELS COMING FROM THOSE COUNTRIES NOT LISTED AS ENDEMIC TO PROCEED ALONGSIDE (I.E. URUGUAY), BUT STEVEDORES UNION ARE NOT GRANTING SERVICES UNTIL VESSELS COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY CALLED THE LAST PORT ABROAD (IRRESPECTIVE OF CALLING AN ARGENTINE PORT INBETWEEN). . BAHIA BLANCA: PORT AUTHORITIES/CONSORTIUM WOULD NOT AUTHORIZE VESSELS WHICH DON´T COMPLY WITH THE 14 DAYS QUARANTINE FROM THE TIME THEY DEPARTED FROM THE LAST PORT ABROAD TO PROCEED ALONGSIDE, UNLESS ALL PARTIES INVOLVED (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF HER SITUATION/PROCEDENCE.

HAVING SAID THE ABOVE, THERE MIGHT STILL BE SOME DELAYS FOR ORGANIZING ALL THESE RECENT CHANGES, BUT IT IS EXPECTED SITUATION WOULD GET BACK TO WHAT IT USED TO BE LAST WEEK SOON. DRAFT IN THE PARANA RIVER // ARGENTINA

MAY 21ST, 2020 PLEASE BE INFORMED THAT AFTER FURTHER NEGOTIATIONS BETWEEN BRAZILIAN, PARAGUAYAN & ARGENTINE AUTHORITES, GOVERNMENTS AGREED TO INCREASE THE WATERFLOW IN THE “ITAIPU” DAM BY ABOUT 10% SINCE LAST MONDAY & FOR A PERIOD OF 12 CONSECUTIVE DAYS.

DURING LAST 2 DAYS WE SAW A SLIGHT WATER INCREASE AT IGUAZU AREA IN THE NORTH OF THE COUNTRY (ALSO BOOSTED BY SOME RAINS IN THE AREA), BUT THEY ARE STILL WELL BELOW THE HISTORICAL AVERAGE. THIS MIGHT REDUCE A BIT THE PROBLEMS BEING FACED BY BARGES COMING FROM BRAZIL/PARAGUAY OR THE ONES NAVIGATING UPSTREAM. HOWEVER, WE DON´T FORESEE THAT THERE WOULD BE A SIGNIFICANT DRAFT INCREASE IN THE UP-RIVER PORTS (SAN LORENZO/ROSARIO/SAN NICOLAS AREA). WATER LEVEL AT SAN LORENZO AREA DURING LAST 6 MONTHS:

CONSIDERING THE ABOVE & CURRENT RIVER TREND, BELIEVE DRAFT MIGHT KEEP DROPPING DURING THE NEXT 10-15 DAYS (RANGING BETWEEN 8.70/9.20M FW). THERE ARE STRONG S/SE WINDS EXPECTED FOR THURSDAY PM, FRIDAY & SATURDAY AM, WHICH MIGHT GIVE A SPORADIC RELIEF (AS THEY ACT AS A KIND OF CORK IN THE MOUTH OF THE RIVER PLATE), BUT THEY WOULD CERTAINLY NOT REPRESENT A REAL IMPROVEMENT.

SUMMARIZING, ONLY REAL WAY TO RECOVER THE WATER LEVEL IN THE PARANA RIVER WOULD BE IF THE SO LONG EXPECTED RAINS IN THE MATO GROSSO AREA

FINALLY SHOW UP, WHICH ACCORDING EXTENDED FORECASTS ARE NOT EXPECTED AT LEAST UNTIL NOVEMBER, MEANING THAT WE MIGHT HAVE TO GET USED TO THESE “NEW” LEVELS IN THE PARANA RIVER FOR A FEW MONTHS MORE…

COVID-19 // NEW QUARANTINE MEASURES IN ARGENTINA

MAY 19TH, 2020

FURTHER TO OUR BELOW MESSAGE DD MAY 17TH, PLEASE BE INFORMED THAT AUTHORITIES HAVE CONFIRMED THAT ALL VESSELS ARRIVING FROM ABROAD SHOULD COMPLY WITH A 14 DAYS QUARANTINE (THIS INCLUDES NEIGHBOUR COUNTRIES SUCH AS BRAZIL, CHILE AND URUGUAY) BEFORE BEING AUTHORIZED TO PROCEED UP-RIVER. JUST CONTAINER VESSELS, LNG CARRIERS & CRUDE OIL TANKERS ARE EXEMPTED FROM SAID REQUIREMENT. NOTWITHSTANDING THE ABOVE, THERE ARE MEETINGS BEING CARRIED OUT AT THIS VERY MOMENT TO EXCLUDE URUGUAY FROM THIS NEW REGULATION. M/V ANTWERPIA REFLOATED

MAY 18TH, 2020 FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT M/V ANTWERPIA WAS REFLOATED TODAY (MAY 18TH) AT 06:50 HRS ASSISTED BY TUGBOAT “BRUTUS”. SHE IS CURRENTLY ANCHORED AT VILLA CONSTITUCION ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. NAVIGATION THROUGH CASUALTY AREA REMAINS OPEN WITHOUT SPECIAL RESTRICTIONS (BESIDES THE DRAFT). COVID-19 // POSSIBLE NEW MEASURES IN ARGENTINA

MAY 17TH, 2020

WE HAVE BEEN INFORMED THAT IN VIEW OF RECENT DEVELOPMENTS (EVOLUTION OF THE PANDEMIC SO AS A PILOT WHO RECENTLY TESTED POSITIVE), IT IS AUTHORITIES INTENTION TO FORCE ALL VESSELS (EXCEPT LINERS, LNG CARRIERS & CRUDE OIL TANKERS) ARRIVING FROM ABROAD TO COMPLY WITH A 14 DAYS QUARANTINE FROM THE TIME THEY DEPART FROM THEIR LAST PORT ABROAD. ACCORDING LOCAL SOURCES, THERE ARE MEETINGS EXPECTED TO BE HELD TOMORROW (MAY 18TH) IN ORDER TO CLARIFY THE POSITION FROM DIFFERENT PARTIES INVOLVED SO AS STEPS TO BE FOLLOWED. AT THIS STAGE IT IS UNCLEAR, WHETHER THIS WOULD JUST APPLY TO COUNTRIES CONSIDERED AS ENDEMIC (I.E. BRAZIL/CHILE) OR TO ALL COUNTRIES (INCLUDING URUGUAY). SITUATION IN THE SOUTH OF BUENOS AIRES IS SLIGHTLY DIFFERENT THAN THE ONE UP-RIVER: . AT NECOCHEA, SANITARY & PORT AUTHORITIES MIGHT AUTHORIZE VESSELS COMING FROM THOSE COUNTRIES NOT LISTED AS ENDEMIC TO PROCEED ALONGSIDE, BUT STEVEDORES UNION MIGHT STILL NOT GRANT SERVICES (IRRESPECTIVE OF CALLING AN ARGENTINE PORT INBETWEEN) UNTIL 14 DAYS HAVE ELAPSED FROM VESSEL´S DEPARTURE FROM THE LAST PORT ABROAD. . AT BAHIA BLANCA, PORT AUTHORITIES/CONSORTIUM WOULD NOT AUTHORIZE VESSELS WHICH DON´T COMPLY WITH A 14 DAYS QUARANTINE FROM THE TIME THEY DEPARTED FROM THE LAST PORT ABROAD TO PROCEED ALONGSIDE, UNLESS ALL PARTIES INVOLVED IN THE OPERATION (TERMINAL, SHIPPERS, STEVEDORES, UNIONS, ETC) PRESENT A LETTER TO PORT CONSORTIUM GUARANTEEING THAT THEY WOULD OPERATE THE VESSEL IRRESPECTIVE OF VESSEL´S SITUATION/PROCEDENCE.

GROUNDING IN THE PARANA RIVER - M/V ANTWERPIA

MAY 16TH, 2020 PLEASE BE INFORMED THAT TODAY AT 20:10 HRS M/V ANTWERPIA WENT AGROUND AT KM 374 OF THE PARANA RIVER (ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM ADM AGRO ARROYO SECO BERTH, ROSARIO PORT, LOADED WITH SOME 45,000 MT CORN BOUND SAUDI ARABIA ON A DRAFT OF 9.29M FW. VESSEL IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. FYG SHE IS NOT OBSTRUCTING NAVIGATION.

M/V MARS HARMONY REFLOATED

MAY 16TH, 2020 FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT M/V MARS HARMONY VALOR WAS REFLOATED TODAY (MAY 16TH) AT 07:10 HRS ASSISTED BY TUGBOAT “BURONDI”. SHE IS CURRENTLY ANCHORED AT ROSARIO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. PLEASE NOTE THAT COAST GUARD HAS RESTORED THE NAVIGATION THROUGH THE CASUALTY AREA WITHOUT ANY SPECIAL RESTRICTION. UPDATE // GROUNDING IN THE PARANA RIVER - M/V MARS HARMONY

MAY 15TH, 2020

FOLLOWING OUR BELOW MESSAGE, PLEASE NOTE THAT MV MARS HARMONY IS STILL TRYING TO REFLOAT BY HER OWN MEANS & REMAINS PARTIALLY OBSTRUCTING THE CHANNEL. SINCE VESSEL IS NOT COMPLETELY OBSTRUCTING THE CHANNEL, COAST GUARD HAS INFORMED THAT THEY WILL ALLOW THE TRANSIT OF VESSELS THROUGH THE CASUALTY AREA UNDER FOLLOWING CONDITIONS WHICH ARE APPLICABLE SINCE TODAY MAY 15TH/ 2100 HRS: . UPSTREAM NAVIGATION IS ALLOWED FOR VESSELS WHICH HAVE TO NAVIGATE THROUGH MAIN CHANNEL DUE TO THEIR DRAFT. . DOWNSTREAM NAVIGATION HAS TO BE PERFORMED WITH DAYLIGHT & FAVOURABLE WEATHER CONDITIONS. . NAVIGATION TROUGH CASUALTY AREA, WILL BE UNDER MASTER’S FULLY RESPONSIBILITY & HAS TO BE AUTHORIZED BY ROSARIO PORT CONTROL. . NAVIGATION CAN BE INTERRUPTED OR SUSPENDED DUE TO MV MARS HARMONY SITUATION. EMILIO MITRE CHANNEL MAINTENANCE DREDGING CONCLUDED

MAY 15TH, 2020

FURTHER TO OUR BELOW MESSAGE DATED MARCH 02ND, PLEASE BE INFORMED THAT EMILIO MITRE CHANNEL MAINTENANCE DREDGING BEING PERFORMED BY CUTTER SUCTION DREDGER “IBN BATTUTA” WAS CONCLUDED TODAY. IN VIEW OF THE ABOVE, LOADED VESSELS PROCEEDING UP- OR DOWNSTREAM THROUGH EMILIO MITRE CHANNEL WOULD NO LONGER FACE DELAYS FOR CROSSING ESCOBAR AREA IN ORDER TO WAIT THE INTERRUPTION OF DREDGING OPERATIONS/RE-OPENING OF THE CHANNEL, WHICH WAS TAKING PLACE FOR ABOUT 2 HOURS DURING EACH OF THE TWO HIGH TIDES AVAILABLE PER DAY. IT GOES WITHOUT SAYING, THAT TOWAGE ASSISTANCE FOR MANEUVERS WHICH WERE TAKING PLACE AT SAID AREA, WOULD NO LONGER BE REQUIRED EITHER.

GROUNDING IN THE PARANA RIVER - M/V MARS HARMONY

MAY 15TH, 2020

PLEASE BE INFORMED THAT TODAY AT 07:10 HRS M/V MARS HARMONY WENT AGROUND AT KM 387.3 OF THE PARANA RIVER (ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM COFCO PGSM SOUTH BERTH, SAN LORENZO PORT, LOADED WITH SOME 33,650 MT CORN + PY SBS BOUND PERU ON A DRAFT OF 9.28M FW. COAST GUARD HAS INTERRUPTED UP & DOWNSTREAM NAVIGATION THROUGH THE CASUALTY AREA UNTIL FURTHER NOTICE. VESSEL IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. DRAFT NEWS IN ARGENTINA

MAY 11TH, 2020

PLEASE BE INFORMED THAT FURTHER DREDGING OPERATIONS WERE CARRIED OUT AT “PASO PARAGUAYO” BETWEEN KM 385.5 & 391.0 OF THE PARANA RIVER & AN IMPROVEMENT OF 0.20M HAS BEEN OBSERVED, MEANING THAT CURRENT DEPTH FOR TRANSITING SAID AREA IS NOW 9.60M AT ZERO LEVEL. CONSIDERING CURRENT RIVER LEVEL OF 0.30M & UKC OF 0.60M, MAX ARRIVAL/SAILING DRAFT AT/FROM SAN LORENZO/ROSARIO AREA IS 9.30M FW. DRAFT NEWS IN ARGENTINA

MAY 10TH, 2020

FURTHER TO OUR BELOW MESSAGE, WE ARE GLAD TO INFORM THAT AFTER DREDGING WORKS CARRIED OUT DURING THE WEEKEND AT “PASO PARAGUAYO” SITUATED BETWEEN KM 386.7 & 392.8 OF THE PARANA RIVER, AN IMPROVEMENT OF 0.40M HAS BEEN REACHED, MEANING THAT CURRENT DEPTH FOR TRANSITING SAID AREA IS NOW 9.40M FW AT ZERO LEVEL. NOTWITHSTANDING THE ABOVE, RIVER HEIGHT KEEPS LETTING US DOWN & WITH CURRENT LEVEL OF 0.29M & UKC OF 0.60M, MAX ARRIVAL/SAILING DRAFT AT/FROM SAN LORENZO/ROSARIO AREA IS 9.09M. DRAFT NEWS IN ARGENTINA

MAY 09TH, 2020

DRAFT AT ROSARIO-SAN LORENZO: AS A CONSEQUENCE OF A LOW BOTTOM DETECTED DUE TO THE COLLAPSE OF ONE EDGE OF THE CHANNEL AT “PASO PARAGUAYO” SITUATED BETWEEN KM 380.9 & 392.2 OF THE PARANA RIVER, COAST GUARD INFORMED THAT SOUNDINGS CARRIED OUT IN THE AREA SHOWED THAT CURRENT DEPTH FOR TRANSITING SAID AREA IS 9.00M FW AT ZERO LEVEL. CONSIDERING YESTERDAY´S RIVER LEVEL (0.53M) & UKC OF 0.60M, CURRENT MAX ARRIVAL/SAILING DRAFT AT/FROM SAN LORENZO/ROSARIO AREA IS 8.93M. A DREDGER IS ALREADY WORKING IN THE AREA & EXPECT DRAFT WOULD RETURN TO CURRENT LEVELS OF 9.30/9.45M FW SOON. DRAFT AT SAN NICOLAS ACCESS CHANNEL: DREDGING WORKS BEING PERFORMED AT SAN NICOLAS ACCESS CHANNEL HAVE ALREADY STARTED TO SHOW THEIR IMPROVEMENTS AND AFTER SOUNDINGS PERFORMED IN THE AREA, COAST GUARD HAS INFORMED THAT CURRENT DEPTH AT ZERO LEVEL IS 9.60M FW. CONSIDERING YESTERDAY´S RIVER LEVEL (0.58M) & UKC OF 0.60M, MAX DRAFT IN THE ACCESS CHANNEL IS 9.58M FW. FYG YESTERDAY´S DRAFT RESTRICTION IN THE MAIN CHANNEL FOR ARRIVING/SAILING AT/FROM SAN NICOLAS WAS 9.61M FW. GENERAL DRAFT SITUATION IN THE PARANA RIVER: BESIDES ALL THE ABOVE, WE REGRET TO INFORM THAT ACCORDING NEW REPORTS ISSUED BY LOCAL AUTHORITIES

+ WEATHER FORECASTS & DESPITE DAMS´ RE-OPENINGS, NO REAL IMPROVEMENT IN THE UP-RIVER DRAFT IS EXPECTED IN THE SHORT/MID TERM, MEANING THAT DRAFT WOULD PROBABLY KEEP FLUCTUATING BETWEEN 9.00/9.75M FW AT ROSARIO/SAN LORENZO AREA AT LEAST DURING THE MONTHS OF MAY & JUNE 2020.

M/T TRF KIRKENES – INCIDENT AT PARANA BRAVO RIVER (MARTIN GARCIA CHANNEL)

MAY 07TH, 2020 PLEASE BE INFORMED THAT YESTERDAY (MAY 06TH) AT 08:10 HRS M/T TRF KIRKENES TOUCHED THE BOTTOM AT KM 154 OF PARANA BRAVO RIVER (MARTIN GARCIA CHANNEL) CLOSE TO DEL GUAZU AREA, WHILE SHE WAS NAVIGATING DOWNSTREAM FROM DREYFUS GENERAL LAGOS BERTH LOADED WITH ABT 17,130 MT SBO BOUND INDIA ON A DRAFT OF 9.35 M FW. SHE IS CURRENTLY ANCHORED AT KM 168 OF PARANA GUAZU RIVER FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. VESSEL IS NOT OBSTRUCTING THE CHANNEL & NAVIGATION THROUGH SAID AREA REMAINS OPEN WITHOUT SPECIAL RESTRICTIONS (BESIDES THE DRAFT).

GROUNDING AT TPR, ROSARIO PORT - M/V TENRO MARU

MAY 06TH, 2020 PLEASE BE INFORMED THAT YESTERDAY (MAY 05TH) AT 02:00 HRS M/V TENRO MARU WENT AGROUND WHILE PERFORMING UNMOORING MANEUVERS FROM SOUTH SITE (GUIDE) OF TPR BERTH, ROSARIO PORT LOADED WITH ABT 34,233 MT IRON ORE BOUND TO NETHERLANDS ON A DRAFT OF 9.30 M FW. SHE IS CURRENTLY BEING ASSISTED BY TUGBOATS “ALBACORA” & “TUMBADOR I” ON HER REFLOATING ATTEMPTS. INCREASE ON ARGENTINE RIVER PLATE PILOTAGE

MAY 04TH, 2020

PLEASE BE INFORMED THAT AS A CONSEQUENCE OF MEASURES TAKEN BY THE GOVERNMENT FOR PREVENTING THE SPREAD OF COVID-19 PANDEMIC SUCH AS CONFINEMENT, BORDERS CLOSURES & LACK OF TRANSPORTATION MEANS (I.E. FERRIES & FLIGHTS), EXTRA LAND & WATER TRANSFERS FOR POSITIONING PILOTS ARE BEING REQUIRED. IN VIEW OF THE ABOVE, PILOTAGE COMPANIES INFORMED THAT THEY WOULD INCREASE THEIR TARIFF BY ABT 3.5% AS FROM MAY 15TH, 2020 (THIS WOULD REPRESENT ABOUT USD 500 FOR INBOUND NAVIGATION & OTHER USD 500 FOR OUTBOUND NAVIGATION). DRAFT IN THE PARANA RIVER

APRIL 23RD, 2020 FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT ON FRIDAY 17TH, ARGENTINE & BRAZILIAN GOVERNMENTS REACHED AN AGREMENT SO AS TO RE-OPEN THE “ITAIPU” DAM AT A RATE OF ABT 1,400 CBM/S (TO BE FOLLOWED REGULARLY & SUBJECT TO RAINS + WATER/ELECTRICAL NEEDS IN THE AREA).

CONSIDERING THE OPENING OF BOTH DAMS (BAIXO IGUAÇU & ITAIPU), RIVER LEVEL AT THE NORTH OF THE COUNTRY HAS ALREADY STARTED TO SHOW SOME MINOR IMPROVEMENT, BUT STILL FAR BELOW THE HISTORICAL AVERAGE/USUAL LEVELS. ON ABOVE BASIS & ACCORDING DIFFERENT SOURCES, IT IS EXPECTED THAT PARANA RIVER LEVEL AT SAN LORENZO/ROSARIO AREA WOULD START TO SHOW A SLIGHT INCREASE BY MID MAY. HOWEVER, DUE TO LACK OF RAINS STILL AFFECTING THE REGION, WE DON´T FORESEE THAT PARANA RIVER WOULD RETURN TO THE USUAL 10.50M IN THE SHORT/MID TERM. LAST BUT NOT LEAST, KINDLY BE INFORMED THAT HOPPER DREDGER “DASA I” COULD BE ARRIVING AT SAN NICOLAS AREA TOMORROW SO AS TO COMMENCE TASKS DURING THE WEEKEND. IF THAT IS THE CASE, DREDGING MIGHT BE COMPLETED BY THE END OF MAY 2020. AS PREVIOUSLY REPORTED, THE IDEA IS TO REACH IN THE ACCESS CHANNEL A DEPTH AT ZERO LEVEL OF 10.05M FW. DRAFT IN THE PARANA RIVER

APRIL 16TH, 2020

WE ARE SORRY TO SAY THAT DRAFT SITUATION IN THE PARANA RIVER IS STILL A NIGHTMARE (CURRENTLY IN THE RANGE OF 9.60M FW). HOWEVER THERE MIGHT BE SOME LIGHT AT THE END OF THE TUNNEL! LAST TUESDAY (APRIL 14TH) UPON THE SPECIAL REQUEST FROM ARGENTINE GOVERNMENT, BRAZILIAN AUTHORITIES ACCEPTED TO PARTIALLY OPEN (AT A WATER FLOW RATE OF ABT 350 CBM/S) THE “BAIXO IGUAÇU” DAM, WHICH IS ONE OF THE IGUAZU/PARANA RIVER AFFLUENTS. MOREOVER BOTH GOVERNMENTS ARE UNDER NEGOTIATIONS TO RE-OPEN (AT A RATE OF ABT 1,500 CBM/S) THE “ITAIPU” DAM TOO (2ND BIGGEST DAM IN THE WORLD & FIRST ONE IN LATIN AMERICA). A REPLY FROM BRAZILIAN AUTHORITIES IS EXPECTED FOR TOMORROW. IF THE ABOVE IS CONFIRMED (AS WE MOST CERTAINLY EXPECT), WE MIGHT BE ABLE TO START SEEING SOME IMPROVEMENT IN THE UP-RIVER DRAFT BY BEG/MID MAY.

DREDGING AT SAN NICOLAS PORT // ARGENTINA

APRIL 15TH, 2020 FURTHER TO OUR BELOW MESSAGE, WE HAVE BEEN INFORMED THAT DREDGING TASKS AT SAN NICOLAS ACCESS CHANNEL COULD BE STARTING SOON (OFF THE RECORDS, WE HAVE BEEN TOLD BY END OF APRIL). IF THAT IS THE CASE, CURRENT “SPECIAL” DRAFT RESTRICTION BEING APPLIED FOR NEW PORT, ELEVATOR & AES ALICURA BERTHS IN SAN NICOLAS COULD BE DROPPED TENTATIVELY BY MID MAY 2020. WE REMIND YOU THAT IT IS PORT AUTHORITIES´ INTENTION TO REACH AT SAN NICOLAS ACCESS CHANNEL A DEPTH AT ZERO LEVEL OF 10.05M. IF THAT´S THE CASE & CONSIDERING TODAY´S RIVER LEVEL, DRAFT RESTRICTION WOULD FACE THE FOLLOWING CHANGE: . TODAY´S MAX ARRIVAL/SAILING DRAFT AT/FROM NEW PORT, ELEVATOR & AES ALICURA BERTHS, SAN NICOLAS: 8.41M FW. . AFTER DREDGING OPERATIONS, TODAY´S DRAFT RESTRICTION WOULD HAVE BEEN: 9.96M FW. *** AFTER DREDGING OPERATIONS, RESTRICTION FOR THESE 3 BERTHS WILL NO LONGER BE AT SAN NICOLAS ACCESS CHANNEL BUT IN THE MAIN CHANNEL, REASON WHY SAME DRAFT BEING APPLIED FOR THE OTHER BERTHS AT SAN NICOLAS WOULD BE APPLIED (AS SHOWN ABOVE) ***

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

APRIL 11TH, 2020 PLEASE BE INFORMED THAT LAST EVENING GOVERNMENT RE-EXTENDED THE MOVEMENT RESTRICTION TO THE CITIZENS THAT WAS SUPPOSED TO END TOMORROW (APRIL 12TH) UNTIL APRIL 26TH WITH NO SIGNIFICANT CHANGES. ON THE OTHER HAND, SAN NICOLAS PORT AUTHORITIES DROPPED LAST WEDNESDAY THE 14 DAYS QUARANTINE IMPOSED TO ALL VESSELS PROCEEDING FROM BRAZIL & CHILE (MEANING THAT THEY ARE NOW ALIGNED WITH THE OTHER UP-RIVER PORTS). IN VIEW OF THE ABOVE, NECOCHEA IS NOW THE ONLY PORT WHERE THE 14 DAYS QUARANTINE IS STILL APPLIED TO ALL VESSELS ARRIVING FROM BRAZIL OR CHILE. COAST GUARD STILL PERFORMING SANITARY INSPECTIONS AT RECALADA AREA TO VESSELS ARRIVING FROM ENDEMIC AREAS (BRAZIL & CHILE INCLUDED), WHICH IS CAUSING SOME DELAYS. IT´S IMPORTANT TO MENTION THAT PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) IN NECOCHEA & BAHIA BLANCA PORTS ARE STILL COMPLAINING AGAINST THEIR WORKING CONDITIONS UNDER THE CURRENT SITUATION & GRANTING SERVICES ONLY DURING MONDAY-FRIDAY FROM 07:00 TILL 19:00 HRS IN THE FIRST PORT & MONDAY-FRIDAY FROM 07:00 TILL 23:00 HRS IN THE SECOND PORT + SATURDAY FROM 07:00 TILL 13:00 HRS (WITH SOME EXCEPTIONS). THIS SITUATION IS CAUSING DELAYS TO MOST OF THE VESSELS CALLING SAID PORTS. *UPDATE* // GROUNDING IN THE PARANA RIVER - M/V AG VALOR

MARCH 31ST, 2020 (NATIONAL HOLIDAY)

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT M/V AG VALOR REMAINS AGROUND AT KM 402.5 OF THE PARANA RIVER (ROSARIO AREA). SHE IS NOW BEING ASSISTED BY TUGBOATS “BRUTUS” & “RANQUEL” ON HER REFLOATING ATTEMPTS. YESTERDAY (MARCH 30TH) COAST GUARD ALLOWED VESSELS TO SAIL DOWNSTREAM ON A DRAFT UP TO 9.54M FW (YESTERDAY’S MAX ALLOWED DRAFT). HOWEVER, DUE TO A RECENT CHANGE ON GROUNDED VESSEL´S POSITION, CURRENTLY ONLY VESSELS IN BALLAST CONDITION ARE ALLOWED TO NAVIGATE UPSTREAM, BUT LOADED VESSELS ARE NOT ABLE TO SAIL UNTIL A SOUNDING IS PERFORMED AT THE CASUALTY AREA.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 30TH, 2020

LAST NIGHT GOVERNMENT EXTENDED THE MOVEMENT RESTRICTION TO THE CITIZENS THAT WAS SUPPOSED TO END TOMORROW (MARCH 31ST) UNTIL APRIL 13TH (AFTER EASTER HOLIDAYS). NOTWITHSTANDING THE ABOVE, IT IS STILL THEIR MAIN CONCERN TO KEEP THE TRADE GOING AND, AT THE SAME TIME, GUARANTEE PEOPLE´S WELL-BEING. A CLEAR EXAMPLE OF THE ABOVE IS THE COMPULSORY CONCILIATION IMPOSED TODAY BY THE GOVERNMENT TO THE SEAMEN UNION AFTER LAST FRIDAY IN THE AFTERNOON THEY DECIDED NOT TO GRANT SERVICES (LAUNCHES, MOORING/UNMOORING GANGS, ETC) TO VESSELS COMING FROM BRAZIL & CHILE THAT DIDN´T COMPLY WITH THE 14 DAYS QUARANTINE. AS A CONSEQUENCE, VESSELS THAT WERE SUFFERING SOME DELAYS DURING LAST WEEKEND HAVE RESUMED THEIR OPERATIONS.

THE NEW SYSTEM APPLIED BY AUTHORITIES FOR AUTHORIZING VESSELS TO RESUME NAVIGATION FROM RECALADA IS STILL IN FORCE & SOME MINOR DELAYS COULD BE EXPERIENCED FOR VESSELS COMING FROM BRAZIL & CHILE BUT, UNDER NORMAL CIRCUMSTANCES, VESSELS ARE NOT BEING FORCED TO COMPLY WITH THEY 14 DAYS QUARANTINE. SAN NICOLAS & NECOCHEA ARE STILL THE ONLY PORTS WHERE THE 14 DAYS QUARANTINE IS STILL “OFFICIALLY” APPLIED TO ALL VESSELS ARRIVING FROM BRAZIL OR CHILE. ON TOP OF THE ABOVE, PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) IN NECOCHEA & BAHIA BLANCA PORTS ARE COMPLAINING AGAINST THEIR WORKING CONDITIONS UNDER THE CURRENT SITUATION & THEY HAVE DECIDED TO GRANT SERVICES ONLY DURING MONDAY-FRIDAY FROM 07:00 TILL 19:00 HRS IN THE FIRST PORT & MONDAY-FRIDAY FROM 07:00 TILL 23:00 HRS IN THE SECOND PORT + SATURDAY FROM 07:00 TILL 13:00 HRS. THIS SITUATION IS CAUSING DELAYS TO MOST OF THE VESSELS CALLING SAID PORTS. GROUNDING IN THE PARANA RIVER - M/V AG VALOR

MARCH 30TH, 2020 PLEASE BE INFORMED THAT YESTERDAY (MARCH 29TH) AT 23:35 HRS M/V AG VALOR WENT AGROUND AT KM 402.5 OF THE PARANA RIVER (ROSARIO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM COFCO TIMBUES BERTH LOADED WITH ABT 27,180 MT OF CORN+SBM BOUND YEMEN ON A DRAFT OF 9.97M FW. SHE IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS. KINDLY NOTE THAT VESSEL IS BLOCKING THE CHANNEL, REASON WHY NAVIGATION THROUGH CASUALTY AREA HAS BEEN CLOSED BY COAST GUARD AUTHORITIES. ON THE OTHER HAND, TODAY AT ABT 06:30 HRS COAST GUARD MADE A TRIAL WITH M/V ANSHUN, WHICH WAS IN BALLAST CONDITION NAVIGATING UPSTREAM BOUND SAN LORENZO PORT, AND SHE WAS ABLE TO TRANSIT THROUGH CASUALTY AREA WITHOUT PROBLEMS. THEY WOULD PERFORM A SECOND TRIAL SHORTLY & IF OUTCOME IS POSITIVE, THEY MIGHT RESTORE (AT LEAST PARTIALLY) THE NAVIGATION.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 27TH, 2020 FURTHER TO OUR BELOW MESSAGES, PLEASE NOTE THAT ALL PORTS IN ARGENTINA KEEP BEING OPERATIVE, ALTHOUGH WE ARE STILL SEEING SOME DELAYS FOR OBTAINING THE CLEARANCE AND/OR UNIONS DENYING OR DELAYING THEIR ATTENDANCE, ESPECIALLY TO THOSE VESSELS THAT HAVE ARRIVED FROM BRAZIL OR CHILE WITHOUT KEEPING THE 14 DAYS QUARANTINE (EVEN IF THEY HAVE ALREADY BEEN CLEARED BY SANITARY AUTHORITIES). SAN NICOLAS & NECOCHEA ARE STILL THE ONLY PORTS WHERE THE 14 DAYS QUARANTINE IS “OFFICIALLY” APPLIED TO ALL VESSELS ARRIVING FROM BRAZIL OR CHILE. FYG SANITARY AUTHORITIES TOGETHER WITH COAST GUARD & OTHER PLAYERS INVOLVED IN THE TRADE HAVE ESTABLISHED THE FOLLOWING NEW PROCEDURE FOR VESSELS ARRIVING AT RECALADA:

A. IF VESSEL AND IT´S CREW ARE NOT ARRIVING FROM ANY OF THE VIRUS STEADY TRANSMISSION COUNTRIES DURING THE LAST 14 DAYS & SANITARY AUTHORITIES DON´T FIND ANY REASON TO BELIEVE THAT THERE IS A POTENTIAL RISK, VESSEL WOULD BE AUTHORIZED TO CONTINUE NAVIGATION (PROVIDED BERTH IS AVAILABLE & SHE IS AUTHORIZED BY COAST GUARD FOR PROCEEDING INBOUND NAVIGATION, AS IT WAS IN THE PAST).

B. IF VESSEL AND/OR THEIR CREW IS ARRIVING FROM ANY OF THE VIRUS STEADY TRANSMISSION COUNTRIES DURING THE LAST 14 DAYS: 1. IF SANITARY AUTHORITIES BY CHECKING PRE-ARRIVAL DOCUMENTS

REALIZE THAT THERE ARE CREWMEMBERS WITH SYMPTOMS OR POTENTIAL

RISKS, VESSEL/CREW WOULD BE PUT IMMEDIATELY IN QUARANTINE & FURTHER STEPS FOR DISEMBARKATION/REPATRIATION WOULD BE ANALYZED CASE BY CASE.

2. IF SANITARY AUTHORITIES BY CHECKING PRE-ARRIVAL DOCUMENTS DON´T FIND ANY CREWMEMBERS WITH SYMPTOMS OR POTENTIAL RISKS, THEY WOULD AUTHORIZE A COAST GUARD OFFICER THAT HAS BEEN ASSIGNED AT RECALADA TO BOARD THE VESSEL IN ORDER TO CHECK THE SITUATION ON BOARD + TEMPERATURE OF EACH CREWMEMBER. IF NO ISSUES ARE FOUND, VESSEL WOULD BE AUTHORIZED TO CONTINUE NAVIGATION. IF HE FINDS ANY SYMPTOMS ON THE CREWMEMBERS, VESSEL WOULD BE PLACED IN QUARANTINE & FURTHER STEPS FOR DISEMBARKATION/REPATRIATION WOULD BE ANALYZED CASE BY CASE.

MISCOMMUNICATION BETWEEN PARTIES INVOLVED (OR LACK OF IT) HAS BEEN OBSERVED DURING THE FIRST CASES (HOPE THIS WOULD IMPROVE SOON). MOREOVER & AS YOU CAN IMAGINE, CONSIDERING THE AMOUNT OF VESSELS ARRIVING FROM BRAZIL, THERE ARE CONSIDERABLE DELAYS FOR RECEIVING COAST GUARD OFFICER´S VISIT ON BOARD AT RECALADA, WHICH LEAD TO FURTHER DELAYS ON RESUMING INBOUND NAVIGATION. LAST BUT NOT LEAST, PLEASE BE INFORMED THAT WE HAVE ALREADY HEARD OF AT LEAST 2 POTENTIAL CASES: . A STEVEDORE AT TERMINAL ZARATE (CURRENTLY AWAITING OUTCOME OF THE ANALYSIS, WHICH MIGHT BE READY TOMORROW) – OPERATIONS HAVE BEEN INTERRUPTED. . A CREWMEMBER WITH FEVER OF A VESSEL AT ROSARIO ROADS. OUTCOME OF THE ANALYSIS WAS JUST DISCLOSED: NEGATIVE. LOW DRAFT IN THE PARANA RIVER

MARCH 25TH, 2020 AS YOU MIGHT HAVE READ IN OUR DAILY DRAFT REPORTS, SITUATION HAS GONE FROM BAD TO WORSE & WE ARE ONCE AGAIN SEEING DRAFTS UP-RIVER OF LESS THAN 10.00M FW. AS A MATTER OF FACT, TODAY´S MAX ALLOWED ARRIVAL/SAILING DRAFT AT/FROM MOST OF THE TERMINALS SITUATED IN SAN LORENZO/ROSARIO AREA IS 9.87M. HEREUNDER YOU WILL FIND A GRAPH SHOWING RIVER HEIGHT AT UP-RIVER AREA (SAN LORENZO-ROSARIO) DURING THE LAST YEAR. AS YOU MIGHT APPRECIATE, WE ARE WELL BELOW THE USUAL LEVELS FOR THIS PART OF THE YEAR:

RIVER LEVEL IN THE NORTH OF THE COUNTRY (IGUAZU-CORRIENTES) THAT ALLOWS US TO HAVE AN IDEA OF WHAT COULD BE EXPECTED FOR THE NEXT 7-10 DAYS IS ALSO VERY LOW, WHICH LEADS US TO THINK THAT DRAFT AT SAN LORENZO/ROSARIO AREA WOULD BE FLUCTUATING BETWEEN 9.70 & 10.00M FW.

MOREOVER THERE ARE NO STRONG RAINS EXPECTED IN THE SOUTH OF BRAZIL (MATO GROSSO AREA) DURING THE FORTHCOMING DAYS, MEANING THAT WE SHOULDN´T EXPECT ANY SIGNIFICANT RECOVERY BEFORE MID/END APRIL:

YOU WILL FIND HEREUNDER A BRIEF RECAP OF CURRENT RIVER LEVELS AT SAN LORENZO/ROSARIO AREA + EXPECTED ONES FOR FORTHCOMING MONTHS:

Station Current level

Average level in March (Last

25 years / 1994-2018)

Preliminary forecast for Mar 31st

Tendency for Apr 07th

Expected average

level for Mar 2020

Expected average

level for Apr 2020

Expected average

level for May 2020

Rosario 1.67m 3.76m 1.66m 1.66m 1.85m 2.00m 2.60m

AS YOU CAN REALIZE FROM ABOVE, WE ARE CURRENTLY SOME 2.00M BELOW THE AVERAGE RIVER LEVEL OF THE LAST 25 YEARS!! MOREOVER & AS PREVIOUSLY MENTIONED, IT IS EXPECTED THAT WE WOULD ONLY START TO SEE A RECOVERY OF RIVER LEVEL DURING THE SECOND HALF OF APRIL. BASED ON ALL THE ABOVE INFORMATION, BELIEVE WE WOULD ONLY GET BACK TO THE USUAL 10.50M FW (ON A STABLE BASIS) BY MAY. *UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 24TH, 2020 (NATIONAL HOLIDAY)

WE ARE GLAD TO INFORM YOU THAT ALL PORTS IN ARGENTINA ARE OPERATIVE. UNFORTUNATELY THERE ARE STILL SOME DELAYS BEING FACED FOR OBTAINING THE CLEARANCE AND SOMETIMES SOME UNIONS/SERVICE PROVIDERS ARE DENYING OR DELAYING THEIR ATTENDANCE TO THOSE VESSELS THAT HAVE ARRIVED FROM BRAZIL OR CHILE WITHOUT KEEPING THE 14 DAYS QUARANTINE (EVEN IF VESSEL HAS ALREADY BEEN CLEARED BY SANITARY AUTHORITIES). SAN NICOLAS & NECOCHEA DESERVE A SPECIAL MENTION, SINCE THESE ARE THE ONLY PORTS “OFFICIALLY” APPLYING THE 14 DAYS QUARANTINE TO VESSELS ARRIVING FROM BRAZIL OR CHILE. FOR YOUR INFORMATION TRUCKS INFLOW TO DIFFERENT TERMINALS, ALTHOUGH BELOW THE AVERAGE, IS STILL QUITE FLUENT. SITUATION IN URUGUAY IS QUITE SIMILAR TO THE ONE IN ARGENTINA, WITH ALL PORTS OPERATIVE & TAKING SOME PREVENTINE MEASURES (THOUGH THEY ARE NOT REQUESTING ANY QUARANTINE FOR VESSELS COMING FROM EPIDEMIC COUNTRIES).

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 23RD, 2020

FURTHER TO OUR BELOW UPDATES, PLEASE NOTE THAT DURING SUNDAY WE HAVE EXPERIENCED SOME DELAYS FROM DIFFERENT PROVIDERS IN ORDER TO OBTAIN THEIR SERVICES (I.E. MOORING/UNMOORING GANGS, PILOTS, ETC). NOTWITHSTANDING THE ABOVE, NATIONAL GOVERNMENT HAS REQUESTED ALL PARTIES INVOLVED IN THE INTERNATIONAL TRADE TO PROVIDE THEIR CORRESPONDING SERVICES IRRESPECTIVE OF VESSELS´ PROCEDENCE & WITHOUT CONSIDERING A 14 DAYS QUARANTINE AS LONG AS CREWMEMBERS ON BOARD DON´T SHOW ANY SYMPTOMS & SANITARY AUTHORITIES AGREE TO GRANT THE FREE PRATIQUE. IN OTHER WORDS, THEY ARE WILLING TO AVOID ANY DELAYS FOR THE VESSELS COMING FROM BRAZIL OR CHILE. OFF THE RECORDS, HAVE HEARD THAT PILOTS ASSOCIATION QUARANTINE´S REQUEST WOULD ALSO BE DISREGARDED & THAT THEY WOULD GRANT SERVICES “NORMALLY”. IN VIEW OF THE ABOVE, SEEMS THAT PORT ACTIVITIES AT MOST OF THE ARGENTINE PORTS SHOULD GET BACK TO NORMAL EXCEPT FOR SAN NICOLAS & NECOCHEA, WHERE THERE ARE STILL SOME SECTORS PUSHING TO COMPLY WITH THE 14 DAYS QUARANTINE WHENEVER VESSELS ARE COMING FROM BRAZIL OR CHILE.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 21ST, 2020

FURTHER TO OUR YESTERDAY´S UPDATE, PLEASE BE INFORMED THAT TODAY RIVER PILOTS ASSOCIATION HAVE INFORMED THAT FROM MARCH 24TH AT 00:00 HRS, THEY WILL NOT BOARD ANY VESSELS COMING FROM A VIRUS STEADY TRANSMISSION COUNTRY SUCH AS CHINA, SOUTH KOREA, JAPAN, IRAN, EUROPE, UNITED STATES, CHILE OR BRAZIL UNTIL THEY HAVE COMPLIED WITH THE 14 DAYS QUARANTINE. IN THE PRACTICE, THIS MEASURE MAINLY AFFECTS THE VESSELS COMING FROM BRAZIL & CHILE DUE TO THEIR TRANSIT TIMES. IN ORDER TO LEAVE THINGS CLEAR: VESSELS COMING FROM I.E. RIO GRANDE, BRAZIL, WOULD HAVE TO WAIT FOR 12-13 DAYS AT RECALADA BEFORE BEING ABLE TO RESUME NAVIGATION BOUND UP-RIVER PORTS (IRRESPECTIVE OF HAVING THE CORRESPONDING FREE PRATIQUE & COAST GUARD´S AUTHORIZATION). DESPITE SAID PILOTS´ STATEMENT WAS PUBLISHED TODAY & IS SUPPOSED TO COME INTO FORCE FROM MARCH 24TH ONWARDS, WE HAVE ALREADY SEEN CASES OF PORT & RIVER PILOTS REFUSING TO BOARD VESSELS COMING FROM BRAZIL THAT DIDN´T COMPLY WITH THE 14 DAYS QUARANTINE. *UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 20TH, 2020 FURTHER TO OUR EARLIER MESSAGE, KINDLY FIND HEREUNDER LATEST NEWS: . STEVEDORES AT SAN MARTIN/TIMBUES RESUMED THEIR WORK AROUND NOONTIME & TERMINALS ARE WORKING NORMALLY. . SITUATION IN BAHIA BLANCA ALSO IMPROVED & STEVEDORES RESUMED THEIR TASKS TOO. . PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) DECLARED A STRIKE THAT WAS SUPPOSED TO START TODAY AT 19:00 HRS & LAST UNTIL WEDNESDAY (MARCH 25TH) AT 06:00 HRS (WE REMIND YOU THAT MONDAY & TUESDAY ARE NATIONAL HOLIDAYS). HOWEVER GOVERNMENT JUST IMPOSED A COMPULSORY CONCILIATION. . IN LINE WITH ALL THESE MEASURES, GOVERNMENT HAS ESTABLISHED FOLLOWING CHANGES ON HOLIDAYS:

- MARCH 23RD & 24TH: NATIONAL HOLIDAYS DUE TO TRUTH & JUSTICE DAY - NO CHANGES.

- MARCH 25TH, 26TH & 27TH: WILL BE NON-WORKABLE DAYS (HOLIDAYS FOR PUBLIC ADMINISTRATION) – RECENTLY ADDED.

- MARCH 30TH & 31ST: NATIONAL HOLIDAYS DUE TO DAY OF THE VETERANS AND FALLEN OF THE MALVINAS WAR – HOLIDAY FROM APRIL 02ND WAS SHIFTED TO MARCH 31ST & MARCH 30TH WAS ADDED AS A “HOLIDAY BRIDGE”.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 20TH, 2020

FURTHER TO LAST NIGHT PRESIDENT´S SPEECH, KINDLY FIND HEREUNDER A BRIEF RECAP OF THE CURRENT SITUATION AT EACH PORT: . TIMBUES (NORTH OF SAN LORENZO): OPERATIONS HAVE BEEN INTERRUPTED SINCE STEVEDORES ARE NOT RENDERING SERVICES. THERE IS A MEETING IN ORDER TO TRY TO FIND OUT A SOLUTION & RESUME OPERATIONS. TRUCKS ACCESS TO THE TERMINALS HAVE BEEN DISCONTINUED AS PER CITY MAYOR´S ORDERS. . SAN MARTIN: OPERATIONS HAVE BEEN INTERRUPTED SINCE STEVEDORES ARE NOT RENDERING SERVICES. THERE IS A MEETING IN ORDER TO TRY TO FIND OUT A SOLUTION & RESUME OPERATIONS. TRUCK INFLOW IS NORMAL. . SAN LORENZO + ROSARIO: A FEW CHANGES ON THE PROCEDURES, BUT TERMINALS ARE WORKING NORMALLY. . SAN NICOLAS: A FEW CHANGES ON THE PROCEDURES, BUT TERMINALS ARE WORKING. THERE ARE RESTRICTIONS ON THE NUMBER OF GANGS TO BE EMPLOYED AT PUERTO NUEVO TERMINAL SUBJECT TO VESSELS CURRENTLY ALONGSIDE AS PER OUR EARLIER MESSAGE. . SAN PEDRO + DEL GUAZU + LAS PALMAS + LIMA + ZARATE + CAMPANA: A FEW CHANGES ON THE PROCEDURES, BUT TERMINALS ARE WORKING NORMALLY. . NECOCHEA: STEVEDORES UNION REFUSES TO OPERATE VESSELS THAT DIDN´T COMPLY WITH THE 14 DAYS QUARANTINE WHENEVER COMING FROM A VIRUS STEADY TRANSMISSION COUNTRY SUCH AS CHINA, SOUTH KOREA, JAPAN, IRAN, EUROPE, UNITED STATES, CHILE OR BRAZIL. . BAHIA BLANCA: PORT CONSORTIUM IMPOSED A 14 DAYS QUARANTINE TO ALL VESSELS, WHICH STARTS TO COUNT FROM THE TIME THEY SAILED FROM HER LAST PORT ABROAD. ON TOP OF THE ABOVE, STEVEDORES ARE NOT RENDERING SERVICES THUS OPERATIONS AT SAID PORT ARE CURRENTLY INTERRUPTED. THERE IS A MEETING IN ORDER TO TRY TO FIND OUT A SOLUTION & RESUME OPERATIONS. *OTHER SERVICES SUCH AS PILOTAGES, MOORING/UNMOORING GANGS, LAUNCHES & TOWAGE SERVICES ARE BEING RENDERED ALMOST NORMALLY (PERHAPS WITH SOME MINOR DELAYS)*

M/V LADY I REFLOATED // PARANA RIVER NAVIGATION AT RAMALLO AREA

MARCH 20TH, 2020 FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT M/V LADY I WAS REFLOATED TODAY (MARCH 20TH) AT 14:45 HRS ASSISTED BY TUGBOATS “BRUTUS” & “TUMBADOR”. SHE IS CURRENTLY ANCHORED AT SAN LORENZO ROADS FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. + + +

ON THE OTHER HAND, PLEASE BE ALSO INFORMED THAT AFTER THE TRANSIT OF M/V ELEOUSSA THROUGH CASUALTY AREA AT KM 319 OF PARANA RIVER (RAMALLO AREA), COAST GUARD HAS RESTORED NAVIGATION WITHOUT ANY SPECIAL RESTRICTION BESIDES THE DAILY MAX ARRIVAL/SAILING DRAFT (TODAY’S ONE AT SAN NICOLAS AREA IS 10.29M FW). GROUNDING IN THE PARANA RIVER - M/V FEDERAL TIBER

MARCH 20TH, 2020

PLEASE BE INFORMED THAT YESTERDAY (MARCH 19TH) AT 17:30 HRS M/V FEDERAL TIBER WENT AGROUND AT KM 319 OF THE PARANA RIVER (RAMALLO AREA) WHILE SHE WAS NAVIGATING UPSTREAM TOWARDS SAN NICOLAS IN ORDER TO DISCHARGE HER CARGO OF ABT 40,300 MT IRON ORE ON A DRAFT OF 10.38M FW. GLADLY SHE MANAGED TO COME BACK AFLOAT BY HER OWN MEANS AT 17:45 HRS & IS CURRENTLY ANCHORED AT RAMALLO ROADS AS PER COAST GUARD´S INSTRUCTIONS IN ORDER TO CARRY OUT CUSTOMARY INSPECTIONS/PROCEDURES. IN VIEW OF THE ABOVE SITUATION, COAST GUARD IS ONLY AUTHORIZING VESSELS WITH A DRAFT OF LESS THAN 8.50M FW TO CROSS SAID AREA. JUST NOW, COAST GUARD MADE A TRIAL WITH M/V ELEOUSSA, WHICH WAS ON A DEEPER DRAFT (10.25M FW) & SINCE SHE WAS ABLE TO TRANSIT THROUGH THE CASUALTY AREA WITHOUT PROBLEMS, IT IS EXPECTED THAT “NORMAL” NAVIGATION (WITHOUT ANY SPECIAL RESTRICTIONS) WOULD BE RE-OPENED SOON.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 19TH, 2020

FURTHER TO OUR NUMEROUS REPORTS REGARDING THIS SITUATION THAT IS KEEPING ALL OF US WORRIED AND ON HIGH ALERT, KINDLY FIND HEREUNDER A LIST OF THE LATEST DEVELOPMENTS AT DIFFERENT PORTS: . BAHIA BLANCA: PORT CONSORTIUM ISSUED A REGULATION THIS AFTERNOON STATING THAT ALL SHIPS HAVE TO COMPLY WITH A 14 DAYS QUARANTINE FROM THE TIME THEY SAILED FROM HER LAST PORT ABROAD. THIS ALSO APPLIES FOR VESSELS THAT WERE ALREADY AT BAHIA BLANCA ROADS SUCH AS M/V REVENGER THAT SAILED FROM RIO GRANDE, BRAZIL ON MAR 16TH (MEANING THAT SHE WON´T BE ALLOWED TO PROCEED ALONGSIDE TILL MAR 30TH) & M/V FUAT BEY, WHICH SAILED FROM SAO FRANCISCO DO SUL, BRAZIL ON MAR 13TH (MEANING THAT SHE WOULD ONLY BE ABLE TO PROCEED ALONGSIDE ON MAR 27TH). . NECOCHEA: M/V MOUNT OWEN, WHICH WAS DELAYED ON HER BERTHING SCHEDULE AS SANITARY AUTHORITIES WERE REFUSING TO GRANT THE FREE PRATIQUE AS SHE DIDN´T COMPLY WITH THE 14 DAYS QUARANTINE, FINALLY OBTAINED IT YESTERDAY & PROCEEDED ALONGSIDE LAST EVENING. HOWEVER STEVEDORES UNION REFUSED THIS MORNING TO COMMENCE WITH THE LOADING AS SHE DIDN´T COMPLY WITH SAID QUARANTINE. AT THE SAME TIME, M/T CTG MAGNESIUM WAS ABLE TO COMMENCE HER OPERATIONS TODAY AT 08:35 HRS SINCE SHE WAS COMING FROM SAN LORENZO. HOWEVER, WHEN STEVEDORES UNION REALIZED THAT SHE WAS COMING FROM BRAZIL AS WELL & DIDN´T COMPLY WITH THE 14 DAYS QUARANTINE EITHER, THEY INTERRUPTED HER OPERATIONS AT 11:25 HRS. ON THE OTHER HAND, HEAD OF NECOCHEA SANITARY OFFICE RESIGNED THIS MORNING ALLEGING HE WAS FORCED TO GRANT THE FREE PRATIQUE TO M/V MOUNT OWEN ALLOWING HER TO PROCEED ALONGSIDE. . TIMBUES (NORTH OF SAN LORENZO): DESPITE EARLIER ANNOUNCEMENT FROM CITY MAYOR, TERMINALS ARE STILL WORKING NORMALLY. HOWEVER THERE ARE STRONG RUMOURS INDICATING THAT ACCESS TO THE TERMINALS WOULD BE BLOCKED FROM MIDNIGHT ONWARDS THUS NOT ALLOWING TRUCKS/WORKERS TO ENTER THE FACILITIES & CONSEQUENTLY INTERRUPTING THEIR OPERATIONS.

. AFTER A MEETING HELD TODAY BETWEEN PRESIDENT & ALL THE GOVERNORS, IT WAS ANNOUNCED TODAY AT ABOUT 21:30 HRS BY THE PRESIDENT ITSELF THAT A GENERAL QUARANTINE WILL BE APPLIED TO ALL THE CITIZENS FROM TODAY MIDNIGHT UNTIL MAR 31ST AT 24:00 HRS. DURING SAID PERIOD OF TIME, PEOPLE WON´T BE ALLOWED TO GO ON THE STREETS (JUST FOR SPECIFIC/IMPORTANT NEEDS). THEY ALREADY CLARIFIED THAT THERE WOULD BE EXCEPTIONS FOR CERTAIN ACTIVITIES, BUT TO BE HONEST (AND EXPERIENCE HAS PROVEN SO) IT IS TOO EARLY TO SAY HOW THIS WOULD IMPACT IN THE PORT & SHIPPING ACTIVITY. WILL REVERT WITH FURTHER NEWS AS SOON AS AVAILABLE & ONCE OFFICIAL DECREE HAS BEEN PUBLISHED. LAST BUT NOT LEAST, PLEASE BE INFOREMD THAT VESSELS ARE STILL ENTERING THE RIVER (THEY ARE REQUIRED TO OBTAIN FREE PRATIQUE BEFORE BEING AUTHORIZED TO RESUME NAVIGATION FROM RECALADA/EMBARKING PILOTS) & RIVER PLATE PILOTS, ALTHOUGH WITH SOME DELAYS FOR POSITIONING THEM SINCE FERRY/FLIGHT SERVICES HAVE BEEN INTERRUPTED AS WELL, ARE STILL BOARDING THE SHIPS WITHOUT MAJOR TROUBLES. ON THE OTHER HAND, PARANA RIVER/PORT PILOTS ARE ALSO FACING TROUBLES IN SOME OPPORTUNITIES AS SOME CITIES HAVE BEEN “CLOSED” & IT´S NOT BEING EASY FOR THEM TO EMBARK/DISEMBARK FROM THE SHIPS AND/OR RETURN BACK. IT´S WORTH MENTIONING THAT THE GOVERNMENT HAS MADE CLEAR IN MANY OPPORTUNITIES THAT IT IS OF UTMOST IMPORTANCE FOR THEM TO KEEP THE INTERNATIONAL TRADE “OPEN”, BUT AT THE SAME TIME IS A GREAT CHALLENGE TO KEEP SAFE THE DIFFERENT PEOPLE INVOLVED IN THE TRADE (STEVEDORES, SURVEYORS, PILOTS, TERMINAL OPERATORS, ETC & EVEN US, AS AGENTS) FROM THIS UNPLEASANT SITUATION THAT WE ARE ALL FACING…

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 19TH, 2020

AS YOU MIGHT HAVE HEARD FROM DIFFERENT SOURCES, LAST NIGHT TIMBUES MAYOR GAVE A SPEECH INFORMING THAT HE WOULD INTERRUPT FROM TODAY (MARCH 19TH) TILL APRIL 02ND ALL OPERATIONS AT GRAIN PORTS IN SAID AREA AT THE NORTH OF SAN LORENZO (TERMINALS LOCATED THERE ARE: RENOVA, LDC, COFCO, AGD & SOON TO BE READY: ACA). NOTWITHSTANDING THE ABOVE, WE HAVE CHECKED WITH AUTHORITIES + TERMINAL OPERATORS AT SAID AREA & THEY ARE STILL WORKING “NORMALLY”. FYG THERE WOULD BE A NEW MEETING BETWEEN THE PRESIDENT & GOVERNORS TODAY, AS THEY ARE STILL EVALUATING THE POSSIBILITY OF A GENERAL QUARANTINE (IF THAT´S THE CASE, WE WOULD HAVE TO SEE WHAT THIS WOULD REPRESENT FOR OUR SECTOR AS IN AN EARLIER SPEECH, WE WERE TOLD THAT IT WAS IMPERATIVE TO KEEP THE INTERNATIONAL TRADE “OPEN”). RUMOURS INDICATE THAT IN CASE THIS GENERAL QUARANTINE IS APPLIED, IT WOULD COME INTO FORCE ANY MOMENT NOW & WOULD LAST UNTIL APRIL 12TH (AFTER EASTER HOLIDAYS). LAST BUT NOT LEAST, PLEASE BE INFORMED OF FOLLOWING PREVENTIVE MEASURE TAKEN BY AUTHORITIES AT PUERTO NUEVO TERMINAL IN SAN NICOLAS, WHERE FERTILIZERS ARE USUALLY BEING DISCHARGED & IRON ORE LOADED: . IF THERE ARE 3 VESSELS ALONGSIDE, TERMINAL OPEARTORS WOULD ONLY ALLOW 3 GANGS TO WORK SIMULTANEOUSLY, 1 PER OPERATION. . IF THERE ARE 2 VESSELS ALONGSIDE, ONLY 2 GANGS WOULD BE ALLOWED, 1 PER OPERATION. . IF THERE IS JUST 1 VESSEL ALONGSIDE, SHE MIGHT BE ALLOWED TO WORK BY 2 GANGS.

UPDATE // M/V LADY I - GROUNDING IN THE PARANA RIVER

MARCH 18TH, 2020

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT M/V LADY I REMAINS AGROUN AT KM 456.7 OF THE PARANA RIVER (SAN LORENZO AREA). TUGBOAT “BRUTUS” STILL ASSISTING ON HER REFLOATING ATTEMPS AND YESTERDAY EVENING (MARCH 17TH) TUGBOAT “TUMBADOR” HAS ALSO APPROACHED TO ASSIST. FYG SHE IS NOT OBSTRUCTING NAVIGATION.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 18TH, 2020 FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED OF THE LATEST DEVELOPMENTS: . NECOCHEA: FINALLY SANITARY AUTHORITIES WOULD BE GRANTING THE FREE PRATIQUE TO M/V MOUNT OWEN THUS AUTHORIZING HER TO PROCEED ALONGSIDE/OPERATE. SEEMS LIKE THEY HAVE ALIGNED THEMSELVES WITH THE REST OF THE COUNTRY, WHERE VESSELS COMING FROM BRAZIL DO NOT REQUIRE THE 14 DAYS QUARANTINE IN ORDER TO OBTAIN THE FREE PRATIQUE (AS LONG AS CREW ON BOARD DOESN´T SHOW ANY SYMPTOMS). . RIVER PLATE PILOTAGE: USUALLY PILOTS ARE POSITIONED AT RECALADA (MONTEVIDEO ROADS, URUGUAY) WITH A FERRY SERVICE THAT CONNECTS ARGENTINA WITH URUGUAY OR BY PLANE. SINCE BORDERS OF BOTH COUNTRIES HAVE BEEN CLOSED, PILOTS MIGHT BE FACING DELAYS FOR BOARDING THE INBOUND VESSELS, SPECIALLY WHEN COAST GUARD´S AUTHORIZATIONS FOR PROCEEDING UP-RIVER ARE GRANTED ON THE SPOT. HAVE HEARD THAT THEY WOULD BE TRAVELLING AS PASSENGERS ON OUTBOUND VESSELS OR STAYING AT RECALADA. . AUTHORIZATIONS FOR PROCEEDING UP-RIVER: WITH ALL THE CURRENT CHANGES, COAST GUARD ARE ONLY AUTHORIZING SHIPS TO RESUME NAVIGATION FROM RECALADA UP TO NOMINATED LOAD/DISPORT ONCE SANITARY AUTHORITIES HAVE GRANTED THE CORRESPONDING FREE PRATIQUE. AS THIS IS A NEW PROCEDURE (IN THE PAST FREE PRATIQUE WAS USUALLY GRANTED UPON VESSEL´S ARRIVAL AT LOAD/DISPORT ROADS) & THERE ARE PLENTY OF “NEW FORMS” TO BE SUBMITTED BY MASTERS, WE RESPECTFULLY SUGGEST TO TRY TO COMPLY WITH THESE REQUIREMENTS ASAP SO AS TO AVOID DELAYS ON AUTHORIZATIONS FOR PROCEEDING UP-RIVER. . DIFFERENT UNIONS RELATED TO PORT ACTIVITIES (I.E. SURVEYORS, STEVEDORES, MOORING/UNMOORING GANGS+LAUNCHES) THAT WERE COMPLAINING ABOUT THE NON-COMPLIANCE OF PREVENTIVE MEASURES AND/OR THREATENING TO GO ON STRIKE, ARE CURRENTLY WORKING & HAVE BEEN REQUESTED BY THE GOVERNMENT TO COLLABORATE SO THAT PORT ACTIVITIES CAN BE DEVELOPED IN A “NORMAL” WAY. SEEMS LIKE SITUATION IS SLOWLY GETTING MORE CLEAR & ALTHOUGH SOME DELAYS COULD BE EXPECTED UNTIL EVERYBODY GETS USED TO THE NEW “RULES”, IT SHOULD IMPROVE DURING THE FORTHCOMING DAYS…

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 18TH, 2020

FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED THAT SITUATION WITH THE VESSEL AT NECOCHEA THAT ARRIVED FROM BRAZIL (M/V MOUNT OWEN) REMAINS UNCHANGED, MEANING THAT SHE IS STILL ANCHORED AT NECOCHEA ROADS WAITING FOR HER FREE PRATIQUE. ON THE OTHER HAND, WE HAVE HEARD OF A VESSEL THAT IS ANNOUNCED FOR LOADING AT SAN LORENZO PORT (M/V NORD BOSPORUS) & SHE JUST GOT THE FREE PRATIQUE FROM ROSARIO SANITARY AUTHORITIES (SAID OFFICE COVERS THE PORTS OF VILLA CONSTITUCION, ROSARIO & SAN LORENZO) DESPITE THE FACT THAT SHE

WAS COMING FROM BRAZIL TOO & DIDN´T COMPLY WITH THE “14 DAYS QUARANTINE” (FYG SHE SAILED ON MAR 11TH). REGARDING PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) INTERRUPTION OF ACTIVITIES, PLEASE NOTE THAT THEY KEEP WORKING “NORMALLY”, BUT THEY ARE PUSHING THE AUTHORITIES TO CONTROL/MAKE SURE THAT PREVENTIVE MEASURES ARE ACTUALLY COMPLIED WITH BY ALL PARTIES INVOLVED IN THE TRADE.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 17TH, 2020

AS YOU MIGHT HAVE REALIZED BY NOW, REGULATIONS/MEASURES FOR PREVENTING THE SPREAD OF CORONAVIRUS IN OUR COUNTRY ARE CONSTANTLY CHANGING. YESTERDAY, MARCH 16TH, BRAZIL AND CHILE WERE ADDED TO THE LIST OF VIRUS STEADY TRANSMISSION COUNTRIES (ON TOP OF CHINA, SOUTH KOREA, JAPAN, IRAN, EUROPE & UNITED STATES). AS A CONSEQUENCE OF THE ABOVE, WE HAVE JUST HEARD THAT SANITARY AUTHORITIES AT NECOCHEA PORT ARE DELAYING THE ISSUANCE OF THE FREE PRATIQUE TO M/V MOUNT OWEN (THUS PREVENTING HER TO GET CORRESPONDING CLEARANCE/OPERATE) AS SHE CAME FROM PORTO ALEGRE, BRAZIL & THEY ARE VERBALLY MENTIONING THAT SHE HAS TO BE IN QUARANTINE FOR 14 DAYS FROM THE TIME SHE DEPARTED LAST PORT. WE ARE TRYING TO RE-CONFIRM THIS INFORMATION & WHETHER SAME CRITERIA WOULD BE APPLIED AT ALL ARGENTINE PORTS FOR ALL SHIPS PROCEEDING FROM BRAZIL. LAST BUT NOT LEAST, PRIVATE GRAIN CARGO CONTROLLERS UNION (URGARA) INFORMED THAT THEY WOULD INTERRUPT THEIR ACTIVITIES AS FROM TOMORROW (MARCH 18TH) AT 07:00 HRS UNLESS A CLEAR CRITERIA IS APPLIED FOR CONTROLLING THAT ESTABLISHED PREVENTIVE MEASURES ARE ACTUALLY COMPLIED WITH.

HOLIDAY IN ARGENTINA – MARCH 23RD AND 24TH, 2020

MARCH 17TH, 2020

PLEASE BE INFORMED THAT NEXT MONDAY & TUESDAY (MARCH 23RD & 24TH) WILL BE NATIONAL HOLIDAYS IN ARGENTINA. . MARCH 23RD: TOURISTIC HOLIDAY DUE TO DAY OF TRUTH AND JUSTICE DAY.

. MARCH 24TH: NATIONAL HOLIDAY DUE TO TRUTH AND JUSTICE DAY.

M/V LADY I - GROUNDING IN THE PARANA RIVER

MARCH 17TH, 2020

PLEASE BE INFORMED THAT TODAY (MARCH 17TH) AT 01:15 HRS M/V LADY I WENT AGROUND AT KM 456.7 OF THE PARANA RIVER (SAN LORENZO AREA) WHILE SHE WAS NAVIGATING DOWNSTREAM FROM ADM AGRO BERTH LOADED WITH SOME 40,000 MT CORN BOUND KUWAIT ON A DRAFT OF 10.00M FW. FYG SHE IS NOT OBSTRUCTING NAVIGATION & & SHE IS NOW BEING ASSISTED BY TUG “BRUTUS” ON HER REFLOATING ATTEMPTS.

CORONAVIRUS // MEASURES IN URUGUAY

MARCH 17TH, 2020

PLEASE BE INFORMED OF FOLLOWING MEASURES TAKEN BY URUGUAYAN GOVERNMENT DUE TO THE EPIDEMIC OF CORONAVIRUS (COVID-19):

CLASSES ARE SUSPENDED IN PUBLIC AND PRIVATE SCHOOLS, COLLEGES, HIGH SCHOOLS, UNIVERSITIES FOR 14 DAYS AS FROM MARCH 16TH, 2020.

PASSENGERS WHO HAVE TRAVELLED TO AFFECTED AREAS OR HAVE SYMPTOMS MUST CARRY OUT A MANDATORY 14 DAYS QUARANTINE.

THE GOVERNMENT WOULD INTERRUPT FLIGHTS FROM EUROPE AND USA AS FROM MARCH 20TH AT MIDNIGHT.

ALL PUBLIC SHOWS ARE SUSPENDED AS WELL AS CINEMAS, THEATERS, SOCCER, BASKETBALL, CASINOS, ETC.

AUTHORITIES URGE THE POPULATION TO RESTRICT SOCIAL ACTIVITIES. THE GOVERNMENT DECLARED A HEALTH EMERGENCY AND IMPOSED A PARTIAL

CLOSURE OF THE BORDERS, WHICH IMPLIES THE MANDATORY 14 DAYS QUARANTINE FOR PASSENGERS FROM COUNTRIES DECLARED TO BE AT RISK SUCH AS: SPAIN, ITALY, FRANCE, GERMANY, CHINA, SOUTH KOREA, JAPAN, SINGAPORE AND IRAN. ON TOP OF THE ABOVE, BORDER WITH ARGENTINA HAS BEEN CLOSED, REASON WHY THERE IS JUST ONE FERRY A DAY CONNECTING BOTH COUNTRIES & THERE MIGHT BE DELAYS FOR PILOTS´ POSITIONING AT RECALADA.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 16TH, 2020

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT IT HAS JUST BEEN PUBLISHED BY THE ARGENTINE GOVERNMENT THAT FOREIGN CITIZENS (NON-RESIDENTS) WILL NOT BE ALLOWED TO ENTER OUR COUNTRY FOR 15 DAYS. NOTWITHSTANDING THE ABOVE, THEY HAVE MADE THE FOLLOWING EXCEPTIONS (PROVIDED SAID INDIVIDUALS DON´T SHOW ANY SIGNS OF THE VIRUS AND COMPLY WITH FURTHER RECOMMENDATIONS/INSTRUCTIONS FROM NATIONAL SANITARY AUTHORITES): . PEOPLE AFFECTED TO THE TRANSPORTATION OF GOODS/COMMODITIES THROUGH AIR, GROUND & SEA. . CREWMEMBERS. . PEOPLE RELATED TO FLIGHT OPERATIONS & SANITARY TRANSFERS. AS A CONSEQUENCE OF THE ABOVE, VESSELS COMING FROM PORTS ABROAD WOULD BE AUTHORIZED TO PROCEED ALONGSIDE AS LONG AS THEY COMPLY WITH SPECIAL SANITARY REQUIREMENTS IN FORCE (SUCH AS CREW HEALTH DECLARATIONS, DAILY BODY TEMPERATURE REPORTS, DETAILS OF CREW CHANGES THAT TOOK PLACE SINCE DEC 01ST, 2019, COPY OF MEDICAL LOGBOOK, MARITIME HEALTH DECLARATION & SPECIAL QUESTIONNAIRE FOR DETECTING POTENTIAL “COVID-19” CASES). LATEST NEWS AT DIFFERENT PORTS: . BAHIA BLANCA: SANITARY AUTHORITIES JUST AUTHORIZED M/V KIWI TRADER TO PROCEED ALONGSIDE. . NECOCHEA: PORT CONSORTIUM CANCELLED THEIR FIRST STATEMENT (SEE OUR BELOW REPORT) & HAVE RE-AUTHORIZED VESSELS COMING FROM FOREIGN COUNTRIES TO PROCEED ALONGSIDE (SEE ATTACHED NEW STATEMENT IN SPANISH LANGUAGE BASICALLY STATING WHAT WE HAVE MENTIONED ABOVE).

. UP-RIVER: THERE WERE A FEW CASES OF VESSELS THAT ARRIVED AT UP-RIVER ROADS TODAY & SANITARY AUTHORITIES DELAYED THE ISSUANCE OF THE FREE PRATIQUE. IN VIEW OF THIS, COAST GUARD WASN´T GRANTING THE INWARDS CLEARANCE & VESSELS WERE NOT BEING ABLE TO OPERATE. THIS HAS BEEN RECENTLY SORTED OUT & VESSELS ARE RESUMING THEIR NORMAL TRADE.

LAST BUT NOT LEAST, PLEASE CONSIDER THAT TODAY ARGENTINA INCLUDED CHILE & BRAZIL AS COUNTRIES OF “STEADY TRANSMISSION OF THE VIRUS” (ON TOP OF CHINA, SOUTH KOREA, JAPAN, IRAN, EUROPE & UNITED STATES), THEREFORE ALL RESIDENTS COMING FROM ANY OF THOSE COUNTRIES HAVE TO COMPLY WITH A 14 DAYS QUARANTINE.

*UPDATE* CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 16TH, 2020

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED OF FOLLOWING MEASURES THAT ARE TAKING PLACE ACROSS THE COUNTRY IN VIEW OF THE EPIDEMIC OF CORONAVIRUS (COVID2019): . BAHIA BLANCA: SANITARY AUTHORITIES ARE NOT ALLOWING ANY VESSELS COMING FROM ABROAD TO ENTER SAID PORT (IRRESPECTIVE OF WHICH PORT THEY ARE PROCEEDING FROM). AS A MATTER OF FACT, LAST NIGHT M/V KIWI TRADER WAS ALREADY PREVEVENTED TO ENTER SAID PORT. . NECOCHEA: NO RESTRICTIONS APPLIED TO THE SHIPS FOR THE TIME BEING (BESIDES SPECIAL INFO REQUIRED ON CREW´S MEDICAL CONDITIONS). . UP-RIVER PORTS: NO RESTRICTIONS APPLIED TO THE SHIPS FOR THE TIME BEING (BESIDES SPECIAL INFO REQUIRED ON CREW´S MEDICAL CONDITIONS). SOME IMMIGRATIONS OFFICES ARE NOT GRANTING SHORE PASSES TO THE CREW, PREVENTING THEM TO GO ASHORE. SINCE PRESIDENTIAL ANNOUNCEMENTS TOOK PLACE LAST EVENING, WE EXPECT THAT THERE WOULD BE FURTHER DEVELOPMENTS/MEASURES APPLIED DURING THE COURSE OF THE DAY.

CORONAVIRUS // MEASURES IN ARGENTINA

MARCH 13TH, 2020

PLEASE BE INFORMED OF FOLLOWING MEASURES TAKEN BY ARGENTINE GOVERNMENT & SANITARY AUTHORITIES DUE TO THE EPIDEMIC OF CORONAVIRUS (COVID2019): IN ORDER TO OBTAIN FREE PRATIQUE:

ALL VESSELS MUST PRESENT PRIOR TO THEIR ARRIVAL TO RECALADA THE MARITIME HEALTH DECLARATION. IN CASE ANY CREWMEMBER SHOWS ANY SYMPTOM AND THE VESSEL HAS BEEN TO ANY OF THE AFFECTED AREAS IN THE LAST 14 DAYS, SANITARY AUTHORITIES AT RECALADA WILL ASSIST THEM AND MAKE PROPER ANALYSIS.

SANITARY AUTHORITIES REQUIRE TO PRESENT COPY OF MEDICAL LOGBOOK FOR INCLUDING AT LEAST LAST 48 HRS PRIOR VESSEL’S ARRIVAL AT RECALADA + BODY TEMPERATURE REPORT OF EACH CREW MEMBER ON DAILY BASIS DURING THE TIME VESSEL IS IN ARGENTINA.

CREW CHANGES:

TO INFORM WITH AS MUCH ANTICIPATION AS POSSIBLE OF ANY CREW CHANGE TO BE PERFORMED IN ARGENTINA. FOR THIS, FOLLOWING INFORMATION WILL BE REQUIRED: NAME, SURNAME, PASSPORT NUMBER, PROCEDENCE & FLIGHT SCHEDULE ALONG WITH ATTACHED FORM DULY FILLED IN. AUTHORITIES WILL CHECK HEALTH STATUS TO ALLOW THE CREW CHANGE TO BE PERFORMED.

SANITARY AUTHORITIES WILL ALSO REQUIRE COPY OF FREE PRATIQUE TO DISEMBARK ANY CREWMEMBER.

ALL TRANSIT, WORKING AND TEMPORARY VISA APPLICATIONS (SPECIALLY CREW VISAS) FOR THE FOLLOWING COUNTRIES WOULD NOT BE GRANTED FOR AN UNDETERMINED PERIOD OF TIME: - REPUBLIC OF CHINA - SOUTH KOREA - IRAN - JAPAN

- UNITED STATES - UNITED KINGDOM - EUROPEAN COUNTRIES

M/T SAN MATIAS I - REFLOATED // ARGENTINA

MARCH 06TH, 2020

FOLLOWING OUR LAST, PLEASE BE INFORMED THAT TODAY (MARCH 06TH) AT 01:40 HRS, M/T SAN MATIAS WAS REFLOATED ASSISTED BY TUGBOATS “ONA PAZ”, “TEHUELCHE” & “PAMPA V”. SHE IS ON HER WAY TO ANCHORAGE ZONE “E” FOR CARRYING OUT CUSTOMARY INSPECTIONS/PROCEDURES. PLEASE NOTE THAT COAST GUARD HAS RESTORED THE NAVIGATION THROUGH THE CASUALTY AREA WITHOUT ANY SPECIAL RESTRICTION. M/T SAN MATIAS I - GROUNDING AT BAHIA BLANCA // ARGENTINA

MARCH 05TH, 2020

PLEASE BE INFORMED THAT TODAY (MARCH 05TH) AT 00:40 HRS, M/T SAN MATIAS I WENT AGROUND NEAR RED BUOY 13.5 AT BAHIA BLANCA ENTRANCE CHANNEL, WHILE SHE WAS NAVIGATING TOWARDS PUNTA CIGÜEÑA SBM LOADED WITH SOME 65,000 MT CRUDE OIL ON A DRAFT OF 13.60M SW. SHE IS BEING ASSISTED ON HER REFLOATING ATTEMPTS BY TUGBOATS “ONA PAZ”, “TEHUELCHE” & “PAMPA V” WITHOUT SUCCESS UP TO NOW. AS A CONSEQUENCE OF THE ABOVE, NAVIGATION THROUGH CASUALTY AREA HAS BEEN PARTIALLY CLOSED BY COAST GUARD, WHO IS ONLY ALLOWING VESSELS WITH LESS THAN 100M LOA TO CROSS SAID AREA. IN VIEW OF THIS, FOLLOWING VESSELS HAVE BEEN AFFECTED/DELAYED ON HER SCHEDULES: - MV APPOGEE SPIRIT INBOUND NAVIGATION TO LDC BERTH. - MT SEASUCCESS INBOUND NAVIGATION TO JETTY 2. - MV VINCENT TRADER INBOUND NAVIGATION TO ADM BERTH. - MV NEW PRESTIGE OUTBOUND NAVIGATION FROM CARGILL BERTH. UPDATE - INCREASE ON EXPORT TAXES // ARGENTINA

MARCH 05TH, 2020 FURTHER TO OUR PREVIOUS MESSAGES, PLEASE BE INFORMED THAT ARGENTINE GOVERNMENT HAS CONFIRMED FOLLOWING CHANGES ON EXPORT TAXES: . SOYBEAN (SAME WOULD ALSO APPLY TO SOYBEAN OIL, SOYBEAN MEAL & SOY PELLETS): FOR PRODUCERS SELLING OVER 1,000 MT PER YEAR: EXPORT TAX WOULD BE INCREASED FROM 30 UP TO 33%. FOR PRODUCERS SELLING FROM 500 MT UP TO 1,000 MT PER YEAR: EXPORT TAX WILL REMAIN AT 30%. FOR PRODUCERS SELLING LESS THAN 500 MT PER YEAR: EXPORT TAX WILL RANGE FROM 20 UP TO 29%. . CORN/WHEAT/SORGHUM: EXPORT TAX WILL REMAIN AT 12%. . SUNFLOWER/SUNFLOWER OIL: EXPORT TAX WILL DECREASE FROM 12% DOWN TO 7%. . OTHER PRODUCTS SUCH AS RICE, FISH, PEANUT, ETC HAVE ALSO SUFFERED CHANGES. AS A CONSEQUENCE OF THE ABOVE, FARMERS WOULD START A PROTEST NEXT MONDAY (MARCH 09TH) & SOME OF THEIR UNIONS HAVE INFORMED THAT THEY WOULD INTERRUPT GRAIN & LIVE CATTLE COMMERCIALIZATION TILL THURSDAY (MARCH 12TH). LAST BUT NOT LEAST, LOCAL SOURCES HAVE INFORMED THAT THE EXPORT REGISTRATIONS ARE STILL SUSPENDED & RUMOURS INDICATE THAT SAME MIGHT

ONLY BE RE-OPENED BY TOMORROW (MARCH 06TH). UPDATE ON EMILIO MITRE CHANNEL MAINTENANCE DREDGING - USE OF TUGBOAT

MARCH 02ND, 2020

FURTHER TO OUR BELOW MESSAGE DATED FEBRUARY 12TH, PLEASE BE INFORMED THAT EMILIO MITRE CHANNEL MAINTENANCE DREDGING COMMENCED LAST WEEK. IN VIEW OF THE ABOVE, VESSELS PROCEEDING FROM/TO UP-RIVER PORTS IN LADEN CONDITION THROUGH EMILIO MITRE CHANNEL ARE CURRENTLY BEING INSTRUCTED BY COAST GUARD TO ANCHOR AT ESCOBAR AREA IN ORDER TO WAIT THE DREDGER “IBN BATUTTA” INTERRUPTION OF OPERATIONS AND RE-OPENING OF THE NAVIGATION, WHICH USUALLY TAKE PLACE FOR ABOUT 2 HOURS DURING EACH OF THE TWO HIGH TIDES AVAILABLE PER DAY. AS A CONSEQUENCE OF THE ABOVE & SINCE ANCHORAGES IN THE AREA ARE LIMITED + TURNING/SAILING TAKE PLACE IN RESTRICTED/SHALLOW WATERS, THE PARANA RIVER PILOTS CHAMBER HAS RECOMMENDED THE ASSISTANCE OF 1 TUGBOAT DURING SAID MANEUVERS SO AS TO INCREASE SAFETY MEASURES AND AVOID UNPLEASANT SITUATIONS (ONLY VESSELS WITH LESS THAN 140M LOA HAVE BEEN EXEMPTED OF SUCH SUGGESTION). WE REMIND YOU THAT DREDGING TASKS ARE EXPECTED TO LAST UNTIL MID JUNE 2020. NEWS FROM ARGENTINA

FEBRUARY 26TH, 2020 PLEASE BE INFORMED THAT THE ARGENTINE GOVERNMENT HAS THE INTENTION TO PERFORM A FURTHER INCREASE ON THE SOYBEAN’S EXPORT TAX (FROM THE CURRENT 30% UP TO 33%). IN VIEW OF THE ABOVE, THEY HAVE TEMPORARILY SUSPENDED THE EXPORT REGISTRATIONS FROM OUR COUNTRY SO AS TO PREVENT FUTURE GRAIN SALES WITH THE “OLD” TAX. WILL REVERT WITH FURTHER NEWS ONCE AVAILABLE. + + + ON THE OTHER HAND & ALTHOUGH THERE IS NO RELATION WITH ABOVE SITUATION, PLEASE NOTE THAT TODAY (FEB 26TH) AT 14:00 HRS OIL WORKERS FROM ROSARIO AREA COMMENCED A STRIKE DUE TO A SALARY DISPUTE. HOWEVER COMPULSORY CONCILIATION WAS IMPOSED BY THE GOVERNMENT & SAME WAS LIFTED TODAY AT 18:00 HRS. FYG, THIS STRIKE AFFECTED FOLLOWING TERMINALS FROM ROSARIO PORT: *CARGILL VGG *DREYFUS (VEG-OILS) MAINTENANCE DREDGING IN THE EMILIO MITRE CHANNEL - ARGENTINA

FEBRUARY 12TH, 2020

PLEASE BE INFORMED THAT MESSRS HIDROVIA, COMPANY WHO CURRENTLY OWNS EMILIO MITRE CHANNEL´S CONCESSION, WOULD COMMENCE A MAINTENANCE DREDGING ON SAID CHANNEL NEXT WEDNESDAY (FEBRUARY 19TH), WHICH WOULD LAST UP TO JUNE 15TH, 2020. CUTTER SUCTION DREDGER “IBN BATTUTA” ASSISTED BY DREDGERS “DN-38”, “DN-55” & “DN-88” HAVE BEEN ASSIGNED FOR PERFORMING SAID TASK. DURING ABOVE PERIOD OF TIME, UP/DOWN-RIVER NAVIGATION WOULD BE RESTRICTED BY COAST GUARD & LOADED VESSELS WOULD ONLY BE CLEARED TO CROSS MAINTENANCE AREAS DURING THE TWO HIGH TIDES OF EACH DAY. THIS WOULD PROBABLY REPRESENT SOME DELAYS DURING THE IN/OUTBOUND NAVIGATION.

M/V MARDINIK - REFLOATED

AUGUST 26TH, 2019 FURTHER TO OUR BELOW UPDATES, PLEASE BE INFORMED THAT M/V MARDINIK WAS REFLOATED YESTERDAY (AUG 25TH) AT 07:45 HRS ASSISTED BY TUG BOATS “BRUTUS” & “ECOPORT”. SHE REMAINS ANCHORED AT ROSARIO ROADS FOR CUSTOMARY INSPECTIONS. DREDGER “MANZANILLO II” ARRIVED AT THE CASUALTY AREA YESTERDAY AT ABT 19:00 HRS & SHE IS OPERATING THERE SINCE 21:30 HRS. IN VIEW OF THE ABOVE, COAST GUARD HAS IMPOSED A TEMPORARY MAX DRAFT OF 9.31M FW UNTIL DREDGING TASKS ARE COMPLETED. UPDATE // GROUNDING IN THE PARANA RIVER - M/V MARDINIK

AUGUST 24TH, 2019 FURTHER TO OUR YESTERDAY´S MESSAGE, PLEASE BE INFORMED THAT M/V MARDINIK REMAINS AGROUND AT KM 407.5 OF THE PARANA RIVER (PUNTA ALVEAR AREA - ROSARIO). YESTERDAY AT 15:45 HRS TUGBOAT “BRUTUS” ARRIVED AT THE AREA & COMMENCED ASSISTING HER IN THE REFLOATING ATTEMPTS WITHOUT SUCCESS UP TO NOW. A SECOND TUGBOAT IS EXPECTED TO ARRIVE TODAY. FYG REF VESSEL IS NOT OBSTRUCTING NAVIGATION, HOWEVER COAST GUARD HAS IMPOSED THE FOLLOWING RESTRICTIONS FOR TRANSITING THE CASUALTY AREA: . DAYLIGHT: NO RESTRICTIONS (BESIDES THE USUAL DAILY DRAFT RESTRICTION). . NIGHTTIME: A MAX DRAFT OF 9.00M FW. GROUNDING IN THE PARANA RIVER - M/V MARDINIK

AUGUST 23RD, 2019 PLEASE BE INFORMED THAT TODAY AT 08:15 HRS M/V MARDINIK WENT AGROUND AT KM 407.5 OF THE PARANA RIVER (PUNTA ALVEAR AREA - ROSARIO) WHILE SHE WAS NAVIGATING DOWNSTREAM LOADED WITH SOME 32,500 MT CORN BOUND TUNISIA ON A DRAFT OF 10.11M FW. FYG SHE IS NOT OBSTRUCTING NAVIGATION & IS CURRENTLY TRYING TO REFLOAT BY HER OWN MEANS.

DRAFT RESTRICTION IN THE MARTIN GARCIA CHANNEL (AFTER GROUNDING OF M/V FU XING HAI)

JULY 22ND, 2019

FURTHER TO OUR LAST, PLEASE BE INFORMED THAT M/V FU XING HAI WAS REFLOATED ON JUL 19TH AT 09:45 HRS ASSISTED BY TUG BOATS. KINDLY NOTE THAT AFTER SOUNDINGS PERFORMED IN THE CASUALTY AREA DURING THE WEEKEND, SPECIAL DRAFT RESTRICTIONS IMPOSED BY COAST GUARD PREVIOUSLY WERE WITHDRAWN THIS MORNING & VESSELS ARE ALLOWED TO TRANSIT MARTIN GARCIA CHANNEL ON THE USUAL MAX RECOMMENDABLE DRAFT OF 10.36M FW. M/V FU XING HAI - GROUNDING AT KM 105 OF MARTIN GARCIA CHANNEL (CARMELO AREA)

JULY 17TH, 2019 PLEASE BE INFORMED THAT M/V FU XING HAI WENT AGROUND AT KM 105 OF THE MARTIN GARCIA CHANNEL (CARMELO AREA) YESTERDAY (JULY 16TH) AT 13:00 HRS WHILE PROCEEDING DOWNSTREAM FROM NUEVA PALMIRA PORT LOADED WITH IRON ORE ON A DRAFT OF 10.36M FW. IN THE BEGINNING SHE TRIED TO REFLOAT BY HER OWN MEANS & SHE IS NOW BEING ASSISTED BY TUG “GAUCHO” ON HER REFLOATING ATTEMPTS. IN VIEW OF THE ABOVE, COAST GUARD IMPOSED A MAX DRAFT OF 7.00M FOR VESSELS CROSSING SAID AREA. URUGUAYAN SEAMEN UNION STRIKE

JUNE 20TH, 2019 (NATIONAL HOLIDAY)

WE REGRET TO INFORM YOU THAT URUGUAYAN SEAMEN UNION ANNOUNCED A 24 HOURS STRIKE FOR JUNE 25TH, 2019. IN VIEW OF THE ABOVE, OPERATIONS AT ALL URUGUAYAN PORTS WILL BE AFFECTED/INTERRUPTED DURING SAID PERIOD OF TIME & RIVER PLATE PILOTS´ EMBARKATION/DISEMBARKATION AT RECALADA P/S MIGHT SUFFER DELAYS AS WELL. DRAFT RESTRICTION IN THE PARANA RIVER (AFTER GROUNDING OF M/V BEKS HALIL)

JUNE 18TH, 2019

FURTHER TO OUR BELOW MESSAGES, PLEASE BE INFORMED THAT RESTRICTIONS FOR CROSSING THE CASUALTY AREA HAVE BEEN WITHDRAWN & VESSELS ARE ALLOWED TO TRANSIT THE PARANA RIVER ON THE USUAL MAX RECOMMENDABLE DRAFT OF 10.49M FW. M/V BEKS HALIL - REFLOATED

JUNE 16TH, 2019

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT M/V BEKS HALIL WAS REFLOATED TODAY AT 19:50 HRS ASSISTED BY TUG BOAT “COOPOR ESTIBADOR I”. SHE IS PROCEEDING TO RAMALLO ROADS FOR CUSTOMARY INSPECTIONS/DECLARATIONS. MEANWHILE, SOUNDINGS ARE BEING PERFORMED IN THE CASUALTY AREA SO AS TO CHECK IF NAVIGATION THROUGH THE PARANA RIVER COULD BE RESUMED WITHOUT ANY SPECIAL RESTRICTIONS BESIDES THE USUAL ONES. M/V BEKS HALIL - GROUNDING AT KM 316 OF THE PARANA RIVER (RAMALLO AREA)

JUNE 16TH, 2019

PLEASE BE INFORMED THAT M/V BEKS HALIL WENT AGROUND AT KM 316 OF THE PARANA RIVER (RAMALLO AREA) YESTERDAY (JUNE 15TH) AT 06:15 HRS WHILE PROCEEDING DOWNSTREAM FROM SAN LORENZO PORT ON A DRAFT OF 10.49M FW. IN THE BEGINNING SHE WASN´T OBSTRUCTING NAVIGATION BUT AFTER SOME ATTEMPTS TO REFLOAT BY HER OWN MEANS, SHE CHANGED HER POSITION & SINCE THIS MORNING SHE IS PARTIALLY OBSTRUCTING THE NAVIGATION. IN VIEW OF THE ABOVE, COAST GUARD HAS IMPOSED THE FOLLOWING RESTRICTIONS FOR THE VESSELS CROSSING SAID AREA: . MAX LOA: 140 M. . MAX DRAFT: 8.10M FW. TUGBOAT “COOPOR ESTIBADOR I” RECENTLY ARRIVED AT THE CASUALTY AREA & IS CURRENTLY ASSITING THE VESSEL ON HER REFLOATING ATTEMPTS.

SAN NICOLAS PORT WORKERS UNION STRIKE - ARGENTINA

JUNE 15TH, 2019

WE REGRET TO INFORM YOU THAT SAN NICOLAS PORT WORKERS AT PUERTO NUEVO & ELEVADOR TERMINALS HAVE STARTED AN UNANNOUNCED STRIKE YESTERDAY (JUNE 14TH) AT 21:00 HRS THAT WOULD LAST UNTIL TUESDAY (JUNE 18TH) AT 06:00 HRS (WE REMIND YOU THAT MONDAY IS A NATIONAL HOLIDAY IN ARGENTINA) AS A CONSEQUENCE OF A SALARY CONFLICT. IN VIEW OF THE ABOVE SITUATION, LOADING/DISCHARGING OPERATIONS AT ABOVE MENTIONED TERMINALS IN SAN NICOLAS PORT HAVE BEEN INTERRUPTED. HOLIDAYS IN ARGENTINA - JUNE 17TH & JUNE 20TH, 2019

JUNE 12TH, 2019

PLEASE BE INFORMED THAT NEXT MONDAY & THURSDAY (JUNE 17TH & JUNE 20TH) WILL BE NATIONAL HOLIDAYS IN ARGENTINA. JUNE 17TH: COMMEMORATION OF GENERAL DON MARTIN MIGUEL DE GÜEMES. JUNE 20TH: FLAG DAY.

SEAMEN UNION STRIKE LIFTED - ARGENTINA

JUN 03RD, 2019

FURTHER TO OUR BLW MESSAGE, PLEASE BE INFORMED THAT SEAMEN UNION STRIKE WAS LIFTED TODAY AT 17:30 HRS (AFTER THE UNION ACCEPTED THE COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT FOR 15 DAYS) & SERVICES ARE SLOWLY RETURNING BACK TO NORMAL. SEAMEN UNION STRIKE IN ARGENTINA

MAY 31ST, 2019 WE REGRET TO INFORM YOU THAT TODAY AT 18:00 HRS SEAMEN UNION (ALSO KNOWN AS “SOMU”) COMMENCED AN UNANNOUNCED STRIKE AFFECTING TOWAGE SERVICES AT ALL ARGENTINE PORTS PROTESTING AGAINST OLD SALARY DISPUTES WHICH HAVE STILL NOT BEEN SOLVED. GOVERNMENT IMPOSED A COMPULSORY CONCILIATION AT 20:00 HRS. HOWEVER UNION IS REFUSING TO ACCEPT IT & MEASURE STILL CONTINUES… SAME AFFECTS ALL ARGENTINE PORTS (BUT MAINLY BUENOS AIRES, NECOCHEA & BAHIA BLANCA PORTS, WHERE TOWAGE ASSISTANCE IS REQUIRED FOR ALMOST EVERY MANEUVER).

TOWAGE TARIFF INCREASE AT URUGUAY

MAY 28TH, 2019

PLEASE BE INFORMED THAT TOWAGE TARIFF AT URUGUAY (MONTEVIDEO & NUEVA PALMIRA PORTS) WILL BE INCREASED BY ABOUT 8% AS FROM JUNE 01ST, 2019. STRIKE IN ARGENTINA

MAY 17TH, 2019

WE REGRET TO INFORM YOU THAT GENERAL WORKERS CONFEDERATION HAVE ANNOUNCED A GENERAL STRIKE FOR MAY 29TH, 2019. ALTHOUGH MANY UNIONS HAVE STILL NOT CONFIRMED WHETHER THEY WOULD PLEDGE OR NOT, SAID STRIKE WOULD CERTAINLY AFFECT OPERATIONS AT ALL PORTS. TOWAGE STRIKE IN ARGENTINA

MAY 09TH, 2019 REGRET TO INFORM YOU THAT TUGBOATS WORKERS UNION AT ARGENTINE PORTS COMMENCED A 24 HRS STRIKE TODAY AT 00:00 HRS (MEANING THAT SAME WOULD LAST UNTIL MAY 10TH AT 00:00 HRS). THIS MEASURE INCLUDES TANKER VESSELS SUCH AS THE ONES SUPPLYING BUNKERS, CONTAINER SHIPS, BULK CARRIERS, FEEDERS, TUG BOATS & PUSH BOATS.

THOSE ALREADY OPERATING BY THE TIME THIS ACTION STARTED, WILL COMPLETE THE OPERATIONS THEY WERE PERFORMING & THEN PROCEED TO A SAFE ANCHORAGE. DEEPENING OF MARTIN GARCIA CHANNEL

APRIL 17TH, 2019 WE ARE PLEASED TO INFORM YOU THAT AFTER DREDGING WORKS CARRIED OUT IN THE MARTIN GARCIA CHANNEL THAT WERE COMPLETED BACK ON FEB 08TH, 2019, MARITIME AUTHORITIES HAVE CONFIRMED THAT VESSELS ARE NOW ABLE TO NAVIGATE THROUGH SAID CHANNEL ON A MAX DRAFT OF 10.05M FW (33 FT). FYG MAX DRAFT USED TO BE 9.75M (32 FT). PILOTS WILL BE PERFORMING A FEW TRIALS & EVALUATING CHANNEL CONDITIONS, BEFORE CONFIRMING THAT VESSELS ARE ABLE TO SAIL ON A MAX DRAFT OF 10.36M (34 FT). IN VIEW OF THE ABOVE, CURRENT DRAFT RESTRICTIONS FOR NAVIGATING THROUGH MARTIN GARCIA CHANNEL WILL BE THE FOLLOWING:

LOA BEAM MAX DRAFT

UP TO 245 M UP TO 32.60 M 10.05 M // 33 FT/FW

245 - 255 M 32.60 - 35.00 M 9.14 M // 30 FT/FW

255 - 260 M 35.00 - 41.00 M 8.84 M // 29 FT/FW DEEPENING OF QUEQUEN/NECOCHEA ACCESS CHANNEL

APRIL 16TH, 2019

FURTHER TO OUR BELOW MESSAGE, PLEASE BE INFORMED THAT DREDGER “KAISHUU”, OWNED BY MESSRS JAN DE NUL, ARRIVED AND COMMENCED WITH HER DREDGING TASKS AT QUEQUEN/NECOCHEA PORT YESTERDAY, APRIL 15TH. AS PREVIOUSLY MENTIONED, THE INTENTION IS TO INCREASE THE DRAFT IN THE ACCESS CHANNEL UP TO 50FT (15.24M), WHICH WOULD HELP TO REDUCE PORT CLOSURES CONSIDERABLY & ALLOW VESSELS TO ENTER/DEPART ANYTIME & ALSO IMPROVE SAILING DRAFTS UP TO 13.41/13.71M BW. IT IS EXPECTED THAT WORKS WOULD TAKE AT LEAST 60 DAYS… HOLIDAYS IN ARGENTINA - APRIL 18TH-19TH, 2019

APRIL 16TH, 2019 PLEASE BE INFORMED THAT THURSDAY & FRIDAY (APRIL 18TH-19TH) WILL BE HOLIDAYS IN ARGENTINA DUE TO EASTER. IN VIEW OF THE ABOVE, OVERTIME FOR THE WHOLE LONG WEEKEND (WEDNESDAY 17TH EVENING UNTIL MONDAY 22ND MORNING) SHOULD BE ARRANGED LATEST BY TOMORROW (APRIL 17TH). IN ANY CASE, YOU CAN REACH US 24/7 AT: . ALEX KELLER MOB: +54 911 5491-0747 SKYPE: AEKELLER

. CAROLINA MARTIN MOB: +54 911 5963-8638 SKYPE: CNM@TT-MARITIME.COM.AR . SEBASTIAN DIAZ ASTUDILLO MOB: +54 911 5220-8612 SKYPE: CHISP13 . FELIPE CASTIGLIONE MOB: +54 911 3075-4851 SKYPE: FELIPECASTIGLIONE9_1 GROUNDING IN THE PARANA RIVER - M/V NORD COPPER REFLOATED

APRIL 15TH, 2019

FURTHER TO OUR BELOW MESSSAGE, PLEASE NOTE THAT M/V NORD COPPER WAS REFLOATED YESTERDAY AT 21:45 HRS ASSISTED BY TUG BOATS “TUMBADOR I”, “BRUTUS” & “ZEUS I”. NAVIGATION THROUGH THE CASUALTY AREA HAS BEEN RESTORED BY COAST GUARD AT 21:52 HRS. GROUNDING IN THE PARANA RIVER - M/V NORD COPPER

APRIL 14TH, 2019 PLEASE BE INFORMED THAT M/V NORD COPPER WENT AGROUND AT KM 406 OF THE PARANA RIVER YESTERDAY WHILE SHE WAS NAVIGATING FROM QUEBRACHO BERTH, SAN LORENZO TOWARDS PUNTA ALVEAR ROADS LOADED WITH SOME 44,000 MT AGRIPRODS. NAVIGATION WASN´T OBSTRUCTED UNTIL TODAY (SUNDAY) AT ABT 19:30 HRS, WHEN COAST GUARD DECIDED TO INTERRUPT THE NAVIGATION THROUGH THE CASUALTY AREA, IN ORDER TO ALLOW THE VESSEL TO PERFORM REFLOATING MANEUVERS ASSISTED BY 3 TUG BOATS (“TUMBADOR I”, “BRUTUS” & “ZEUS I”). NATIONAL HOLIDAY IN ARGENTINA - APRIL 02ND, 2019

MARCH 31ST, 2019

PLEASE BE INFORMED THAT THIS TUESDAY (APRIL 02ND) WILL BE A NATIONAL HOLIDAY IN ARGENTINA DUE TO VETERANS DAY. IN ANY CASE, YOU CAN REACH US 24/7 AT: . ALEX KELLER MOB: +54 911 5491-0747 SKYPE: AEKELLER . SEBASTIAN DIAZ ASTUDILLO MOB: +54 911 5220-8612 SKYPE: CHISP13 . FELIPE CASTIGLIONE MOB: +54 911 3075-4851 SKYPE: FELIPECASTIGLIONE9_1 UPDATE ON STRIKE AT PUERTO NUEVO, SAN NICOLAS – ARGENTINA

MARCH 26TH, 2019

FURTHER TO OUR YESTERDAY MESSAGES, PLEASE BE INFORMED THAT PORT WORKERS STRIKE AT PUERTO NUEVO, SAN NICOLAS WAS RESUMED THIS MORNING. HOWEVER A ONE WEEK COMPULSORY CONCILIATION WAS IMPOSED & STRIKE WAS LIFTED TODAY AROUND NOONTIME. THERE ARE NEW MEETINGS EXPECTED TO TAKE PLACE DURING THIS/NEXT WEEK.

STRIKE AT PUERTO NUEVO, SAN NICOLAS LIFTED – ARGENTINA

MARCH 25TH, 2019 FURTHER TO OUR BELOW MESSAGE, WE ARE GLAD TO INFORM THAT STRIKE AT PUERTO NUEVO, SAN NICOLAS HAS BEEN LIFTED TODAY AT ABT 18:00 HRS & THAT PORT IS WORKING NORMALLY ONCE AGAIN. NOTWITHSTANDING THE ABOVE,

STRIKE AT PUERTO NUEVO, SAN NICOLAS - ARGENTINA

MARCH 25TH, 2019

PLEASE BE INFORMED THAT TODAY (MAR 25TH) AT 07:00 HRS PORT WORKERS & STEVEDORES COMMENCED A STRIKE AT PUERTO NUEVO, SAN NICOLAS THAT IS EXPECTED TO LAST AT LEAST UNTIL TODAY AT 18:00 HRS DUE TO THE RECENT CHANGES ON THE PORT ADMINISTRATION (SAME USED TO BE UNDER BUENOS AIRES PROVINCE JURISDICTION & IT WOULD NOW BE UNDER THE NEW CREATED SAN NICOLAS PORT CONSORTIUM). IN VIEW OF THE ABOVE, OPERATIONS OF M/V NAUTICAL RUNA & M/V CALLIO (PRESENTLY ALONGSIDE AT PUERTO NUEVO) HAVE BEEN INTERRUPTED. THERE WILL BE A MEETING BETWEEN PARTIES INVOLVED TODAY AT ABT 17:00 HRS IN ORDER TO TRY TO FIND A SOLUTION.

DEEPENING OF QUEQUEN/NECOCHEA ACCESS CHANNEL

MARCH 11TH, 2019

WE ARE PLEASED TO INFORM YOU THAT QUEQUEN PORT CONSORTIUM (NECOCHEA) HAS INFORMED THAT MESSRS JAN DE NUL WAS AWARDED WITH THE CONTRACT -PUBLIC BIDDING- FOR THE DEEPENING & MAINTENANCE OF SAID PORT. WORKS FOR INCREASING DRAFT IN THE ACCESS CHANNEL UP TO 50FT WOULD COMMENCE AROUND MID MARCH & LAST ABOUT 4 MONTHS. IT ALSO CONSIDERS THE MAINTENANCE FOR A PERIOD OF 6 YEARS. THIS IMPROVEMENT WILL HELP TO REDUCE PORT CLOSURES CONSIDERABLY & ALLOW VESSELS TO ENTER/DEPART ANYTIME. NOTWITSTANDING THE ABOVE, WE DON´T EXPECT THAT SAILING DRAFT WOULD BE INCREASED FURTHER THE CURRENT 43FT BW, SINCE IT WON´T BE POSSIBLE TO CARRY OUT ANY DREDGING TASKS ALONGSIDE THE TERMINALS UNTIL IMPORTANT INFRASTRUCTURE WORKS ARE CARRIED OUT. LAST BUT NOT LEAST, PLEASE BE INFORMED THAT MESSRS PIER DOCE COMMENCED WITH THE CONSTRUCTION OF DOLPHINS FOR THE NEW BERTH, WHICH WOULD ALSO INCLUDE FACILITIES/SILOS FOR THE STORAGE OF DRY & LIQUID FERTILIZERS.

IMMIGRATIONS COST REDUCED

FEBRUARY 25TH, 2019

WE ARE PLEASED TO INFORM YOU THAT THE NATIONAL IMMIGRATIONS AGENCY ESTABLISHED UNDER REGULATION 850/2019 A CONSIDERABLE REDUCTION ON THE IMMIGRATIONS COST: OLD COST: USD 1,000 FOR INWARDS OR OUTWARDS CLEARANCE AT BERTH. USD 1,500 FOR INWARDS OR OUTWARDS CLEARANCE AT ROADS. NEW COST: USD 8 FOR INWARDS OR OUTWARDS CLEARANCE AT BERTH. USD 12 FOR INWARDS OR OUTWARDS CLEARANCE AT ROADS. (EXCEPT FOR BUENOS AIRES PORT, WHERE COST WOULD BE USD 100 & USD 150 RESPECTIVELY) THIS CHANGE WILL BECOME EFFECTIVE AS FROM MAR 01ST, 2019.

LOA RESTRICTION AT GALVAN 5 (FERTZ/GENERAL CARGO BERTH), BAHIA BLANCA

FEBRUARY 21ST, 2019 AFTER INCIDENT FACED LAST DEC 25TH, 2018 (COLLISION OF M/V TRUDY AGAINST GALVAN 5 BERTH, BAHIA BLANCA) & FURTHER ANALYSIS CARRIED OUT BY PORT AUTHORITIES/PILOTS, TERMINAL OPERATORS INFORMED THAT VESSELS WITH A LOA BETWEEN 190 & 205M WOULD BE ABLE TO MOOR AT SAID BERTH FOLLOWING ATTACHED SCHEMES/SPECIAL CONDITIONS:

A. MOORING SHOULD TAKE PLACE WITH DAYLIGHT AND ON SLACK TIDE. B. ONCE VESSEL IS MOORED, IF SHE FACES NNW, WSW OR SW WINDS OF MORE

THAN 90 KM/H, A TUG BOAT WOULD HAVE TO BE APPOINTED (ON PORT CONSORTIUM´S ACCOUNT) FOR STANDYING BY IN ORDER TO ASSIST THE VESSEL, IF REQUIRED.

IN ORDER TO AUTHORIZE VESSEL´S BERTHING, PORT CONSORTIUM & PILOTS WOULD HAVE TO BE INFORMED IN ADVANCE OF SHIP´S PARTICULARS TOGETHER WITH HER DRAFTS & DIMENSIONS OF CARGO ON DECK, IF ANY

OPERATIONS AT COFCO PGSM BERTH (EX-NIDERA), SAN LORENZO INTERRUPTED

FEBRUARY 14TH, 2019

WE REGRET TO INFORM YOU THAT AS A CONSEQUENCE OF AN ACCIDENT THAT TOOK PLACE LAST AFTERNOON AT COFCO PGSM BERTH (EX-NIDERA), SAN LORENZO (RESULTING IN THE DEATH OF ONE WORKER), OPERATIONS AT SAID TERMINAL ARE INTERRUPTED SINCE LAST MIDNIGHT. IT IS EXPECTED THAT OPERATIONS AT SAID BERTH WILL BE RESUMED TODAY AROUND MIDNIGHT.

NAVIGATION IN THE MARTIN GARCIA CHANNEL FULLY RESTORED

FEBRUARY 08TH, 2019

WE ARE PLEASED TO INFORM YOU THAT DREDGING WORKS IN THE MARTIN GARCIA channel HAVE BEEN COMPLETED TODAY (feb 08th), REASON WHY THERE ARE NO longer any TIME RESTRICTIONS FOR NAVIGATING THROUGH it (during the last couple of months, vessels were only allowed to transit said area from 23:00 till 06:00 hrs).

TOWAGE SERVICE IN ARGENTINA BACK TO NORMAL (COMPULSORY CONCILIATION)

JANUARY 31ST, 2019 WE ARE GLAD TO INFORM YOU THAT TOWAGE SERVICE AT ARGENTINE PORTS RETURNED BACK TO NORMAL TODAY AT ABT 21:00 HRS AFTER THE MINISTRY OF LABOUR IMPOSED A NEW COMPULSORY CONCILIATION FOR 15 DAYS.

TUGBOATS WORKING TO RULE IN ARGENTINA

JANUARY 30TH, 2019 COMPULSORY CONCILIATION IMPOSED BY THE GOVERNMENT 2 WEEKS AGO CAME TO AN END AND WE REGRET TO INFORM YOU THAT PARTIES DIDN´T REACH AN AGREEMENT, REASON WHY SEAMEN UNION (ALSO KNOWN AS “SOMU”) WILL START WORKING TO RULE (8 HOURS PER DAY) AS FROM TOMORROW (JAN 31ST) AT 00:00 HRS FOR AN UNDETERMINED PERIOD OF TIME. ABOVE MEANS THAT TOWAGE SERVICE WILL ONLY BE RENDERED FROM 07:00 TO 11:00 HRS & FROM 13:00 TO 17:00 HRS. THIS MEASURE WILL AFFECT ALL ARGENTINE PORTS (BUT MAINLY NECOCHEA & BAHIA BLANCA PORTS, WHERE TUGBOATS ASSISTANCE IS REQUIRED FOR EVERY SHIFTING).

LOA RESTRICTION AT GALVAN 5 (FERTZ BERTH), BAHIA BLANCA

JANUARY 24TH, 2019 AFTER INCIDENT FACED LAST DEC 25TH, 2018 (COLLISION OF M/V TRUDY AGAINST GALVAN 5 BERTH, BAHIA BLANCA), TERMINAL OPERATORS INFORMED THAT MAX LOA AT SAID BERTH IS 190M. IN VIEW OF REQUESTS RECEIVED BY BAHIA BLANCA PORT AUTHORITIES TO GRANT A SPECIAL AUTHORIZATION/ALLOW VESSELS WITH A LONGER LOA (I.E. M/V YU PEN –LOA 200M & M/V SAGA FRONTIER –LOA 199.20M) TO PROCEED ALONGSIDE SAID BERTH, TERMINAL OPERATORS HAVE INFORMED THAT THEY COULD DO SO UNDER THE FOLLOWING CONSIDERATIONS: A. MOORING DOLPHIN PLACE SOUTH END OF THE BERTH REMAINS OUT OF SERVICE. (REBUILDING A NEW ONE MAY TAKE A FEW MONTHS). B. MENTIONED OR SIMILAR VESSELS WILL HAVE AVAILABLE FOLLOWING MOORING BITS/POINT AS DETAILED ON DRAUGHT BELOW NBR 28 (NEW MOORING POINT),

30NBR AND NBR 31 SUPPORTING (100 TONNES.) AND MOORING POINTS 32, 33, 34, 35, 36, 37 Y 38 (SUPPORTING 70 TONNES). C. ONCE ALONGSIDE AND IN CASE WIND SPEED EXCEEDS 20 M/S, MOSTLY CONSIDERED WSW & SW QUARTERS, THE VESSEL WILL ORDER ONE TUGBOAT ASSISTANCE ‘AT ORDERS’ . SAID TUGBOAT TO BE NOMINATED BY SHIP’S AGENTS BEFORE VESSEL’S BERTHING, TUG UNIT REPORTED TO VTS PORT CONTROL AND THE COST OF SAID TUG ASSISTANCE WILL BE ON VESSEL’S OPERATOR OR REPRESENTATIVE OF ANY INVOLVED PARTY ACCEPTING THE COST. D. BELOW PLEASE FIND MOORING SCHEME AS ISSUED BY CGPBB TECH. DEPT. WHICH TO BE DETAILED/INFORMED TO MASTER/OWNERS IN ADVANCED FOR PROPER GUIDANCE.