Report – National Government Decree

Please note that Argentine National Government have declared a compulsory quarantine for the whole population as from March 20/0000 until March 31/2400 hs in order to stop Coronavirus from spreading further.

As per An initial assessment of the decree, point 15 allows urgent foreign trade operations to continue. Having said that, all terminals will discontinue operations tonight at 20/0000 hs. The port´s chamber has scheduled a meeting tomorrow in order to see how this situation impacts our sector and which measures will be taken.

We will keep you duly updated.

WBL Shipping Agency

As per the latest draft forecast from the National water institute, the water level for the Rosario area today should be in the range of 1,89 m, however, river level measured today March 24 by the hydrometry service is 1,64 m. This means a deficit of 0,25 m below the forecasted level. Also, the projection for March 31^ST is further decrease of 5 cm.

Source: INA – Instituto Nacional del Agua https://www.ina.gov.ar/

Below you can see the evolution of river level at key areas and draft at San Lorenzo. As you can see it has been a week of constant decrease, even in the northern areas which usually means that a significant improvement is not expected in the following 2 weeks.

The next report to be issued by INA will be tomorrow March 25^th with an update on forecasted draft. However, based on the current trend we can expect drafts in the following levels for the last week of march: Between 9,85 m and 10 m.

Best regards,

Agustín Rossi | WBL Shipping Agency