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Argentina News

18 Mar 2024

Pressure Builds for Charge on Shipping Sector's CO2 Emissions

© Yellow Boat / Adobe Stock

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for imposing a fee on each tonne of greenhouse gas the industry produces.Support for…

20 Feb 2024

Parana River Reopens to Vessel Traffic with Draft Restrictions

© Alex Ruhl / Adobe Stock

Argentina's Parana River, a global grains thoroughfare, reopened to shipping traffic on Tuesday after a grounded ship was freed, though vessels were told to load less grain while the damage to the channel was assessed.Shipping traffic had been snarled after the ship Clara Insignia, loaded with wheat, ran aground near the waterway's main channel and was stuck for several days, blocking the channel down river from the Rosario grains port hub.The bulk carrier was freed late on Monday…

20 Feb 2024

Greek Ship Attacked in Red Sea by Houthis Arrives in Aden

© Faraways / Adobe Stock

The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been a mistaken missile strike by Houthi militia, shipping and military sources said.Shipping risks are escalating due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis since November. U.S. and British forces have responded with several strikes on Houthi facilities but have so far failed to halt the attacks.The Sea Champion…

20 Feb 2024

Parana River's Main Channel Obstructed After Vessel Runs Aground

© aerrant / Adobe Stock

A vessel carrying wheat that ran aground near the main channel of South America's Parana River has been freed but the waterway remains closed while checks are being made, the Argentine Naval Prefecture said on Tuesday.The vessel ran aground on Feb.17 and "was heading outbound in laden condition, navigating with a draft of 10.23 meters and carrying 31,121 metric tons of wheat," Inchcape Shipping said in a notice.The Parana River runs through Brazil, Paraguay, and Argentina.

19 Feb 2024

Houthis Say Ship Attacked in Gulf of Aden May Sink

© Eugene / Adobe Stock

Yemen's Houthi militants said on Monday they had attacked another cargo vessel in the Gulf of Aden which was at risk of sinking, raising the stakes in their campaign to disrupt global shipping in solidarity with Palestinians in the Gaza war.The Iran-aligned Houthis have made repeated drone and missile strikes since November in the Red Sea and Bab al-Mandab Strait, drawing U.S. and British bombing against them.Houthi military spokesperson Yahya Sarea said in a statement that the Rubymar's crew was safe but that the ship was badly damaged and at risk of sinking.

04 Jan 2024

Argentina’s Grain Exports Could Jump 40%

Chart courtesy BIMCO

“Argentina is on track to boost grain exports by 40% in 2024, recovering from last year’s drought which afflicted crops, but still below the 2019-2022 average. Climate patterns and government policy are shaping the outlook,” says Filipe Gouveia, Shipping Analyst at BIMCO.El Niño has brought improved weather conditions for Argentina’s grain crops. The wheat harvest is nearly complete and estimated to be 20% larger than a year ago. Meanwhile, the favorable conditions continue to support the growing maize and soybean crops.

21 Dec 2023

Zinus Charging Solution Ordered for Zero-emissions RoPax Ferry

(Photo: Ziuns)

Zinus announced it has won a contract to supply its autonomous charging solution for a new zero-emissions, lightweight Ro-Pax ferry.The endeavor is led by shipbuilder Incat Tasmania, and commissioned by their South American customer Buquebús. The ferry will operate between Argentina and Uruguay, providing efficient and eco-friendly transportation services to as many as 2,100 passengers and 225 vehicles.Zinus will be supplying its autonomous charging solution, which includes the SWC200 Onboard Unit and ZPP800 charging tower solution.

30 Nov 2023

FINLAND: ‘A Birthplace for Icebreakers’

Captain Pasi Järvelin on the bridge of Arctia icebreaker Polaris. Järvelin has more than 40 years’ experience in the maritime industry, including 36 years on icebreakers, and was part of the concept team that developed the vessel. (Photo: Eric Haun)

Finnish companies have designed about 80 percent of the world’s icebreakers, and about 60 percent of them have been built by Finnish shipyards.Finland is home to a strong and vibrant maritime cluster, with a mix of large, medium and small shipyards, as well as a deep pool of marine engineering expertise and a broad network of vessel equipment suppliers.As one of the world’s northernmost countries, Finland is also home to a fleet of icebreakers that keep imports and exports flowing through its harbors, even during the coldest winter months.

13 Nov 2023

Atlas Ocean Voyages Christens World Voyager

Source: Atlas Ocean Voyages

Yacht cruising company Atlas Ocean Voyages has held a naming ceremony in Ushuaia, Argentina for the World Voyager.The 198-guest expedition yacht was christened by Godmother British physiotherapist and British Army Captain Harpreet "Preet" Kaur Chandi MBE.The third vessel in the line's expedition fleet, the sister ship to Atlas Ocean Voyages' World Traveller and World Navigator, the vessel will now begin its inaugural deployment for the 2023/24 Antarctica season.The Polar Category C- and Ice Class 1B-certified vessel features two Rolls Royce 9…

11 Sep 2023

Brazil, Paraguay Clash with Argentina Over Grains Waterway Tolls

© JR Slompo / Adobe Stock

Brazil, Paraguay, Bolivia and Uruguay have urged Argentina to stop applying tolls for ships and barges carrying grains and other exports, saying it restricts navigation on a key river channel.The four countries issued a joint statement late on Sunday blasting as "unilateral and arbitrary" Argentina's decision to seize a barge from Mercurio Group, a Paraguayan shipping company, to collect a toll, adding its actions could affect supply and prices.The barge was released on Monday after paying the toll, a company spokesperson told local radio.Argentine authorities say tolls on the Paraguay-Parana

24 Aug 2023

Incat Tasmania to Deliver World’s Largest Battery Electric Ship

Source: Incat Tasmania

Australian shipbuilder Incat Tasmania is setting a record for the largest, lightweight battery electric ship in the world with a new 130-meter (427-foot) ro-pax ferry under construction for South American customer, Buquebús.The aluminum ferry will be the first fully electric vessel in South America when delivered in 2025, operating between Argentina and Uruguay. It will have a capacity for 2,100 passengers and crew and 225 cars and will feature a duty free shop of over 2,000 square meters (21…

22 Aug 2023

Shippers Bet on Green Methanol to Cut Emissions, Supply Lags

CMA CGM is among the shiping companies investing in methanol powered ships (© Kara / Adobe Stock)

Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall, industry executives said.The first green methanol-fuelled container ship, owned by A.P. Moller-Maersk, sailed from South Korea in July. The number of such vessels is expected to exceed 200 by 2028, up from 30 this year, consultancy DNV forecasts.Container giants such as A.P. Moller-Maersk, CMA CGM and XpressFeeders dominate the order books.

31 Jul 2023

Argentina Grain Inspectors End Strike After Government Order

© Alex Ruhl / Adobe Stock

Grain inspectors returned to their posts after midday Monday following a short-lived strike, the local chamber of Port and Maritime Activities (CAPyM) said.The workers, who began a strike Monday morning in a bid to push for higher wages, returned to work after a mandatory conciliation order from the government.(Reuters - Reporting by Maximilian Heath; Writing by Kylie Madry; Editing by Christian Plumb)

20 Jul 2023

Argentina Turns Away Gunvor-chartered LNG Tanker, Citing Sanctions

A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa, according to officials.The tanker Flex Artemis was in the South Atlantic and heading northeast on Thursday, according to Refinitiv vessel tracking. It had carried LNG from Yamal in Russia, according to a trader familiar with the matter, and had arrived in Argentine waters about July 14.The rejection is one more sign of the energy market upheavals since Russia’s invasion of Ukraine last year and of a growing wariness of buyers involving even authorized deals with Russia-originated fuels.

10 May 2023

Brazil on Track to Become World Maize Export Leader in '23

Copyright Vitalii/AdobeStock

“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine, and benefit panamax and supramax ships,” says Filipe Gouveia, Shipping Analyst at BIMCO.Exports of Brazilian maize are expected to strengthen from June onwards as Brazil harvests this year’s second maize crop, commonly known as “safrinha”.

09 May 2023

Why the EU is Restricting Grain Imports from Ukraine

The European Commission has announced restrictions on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June 5.The move led to Poland, Hungary, Slovakia and Bulgaria lifting unilateral import bans they had imposed citing the need to protect their farmers. Romania had not banned imports.Here are some of the issues:WHY IS UKRAINE EXPORTING THROUGH EASTERN EUROPE?Ukraine mainly exported agricultural products…

04 May 2023

Venezuela's Oil Tankers at Risk of Sinking, Fires, Spills, Report finds

©JosIsaac/AdobeStock

More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. The report by PDVSA's maritime branch, entitled "Critical deficiencies and risks of PDV Marina's tanker fleet," said years of deferred maintenance had left the entire fleet with "low levels of reliability," at risk of spills, sinking, fires, collisions or flooding.

01 May 2023

US LNG Exports Go Full Steam Ahead

© Igor Groshev / Adobe Stock

U.S. producers of liquefied natural gas (LNG) exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, Refinitiv Eikon data showed on Monday.Following the full restart of a key Texas export facility in February, U.S. LNG producers are taking advantage of firm prices overseas and increasing demand in some markets.A total of 107 cargoes departed from U.S. ports last month carrying 7.78 million tonnes of LNG…

17 Apr 2023

Argentina Grains Inspectors Strike Halts Shipments at Rosario Ports

© Sebastian / Adobe Stock

Argentina grains inspectors have launched a 24-hour strike that is halting shipments at key river ports in farm transport hub Rosario, the ports chamber CAPyM said on Monday.The strike by the Urgara grains inspectors union is linked to conflicts over a port in the city of Buenos Aires and what it says are high taxes applied to workers' salaries.The strike "is affecting absolutely all the ports (in Rosario).

30 Mar 2023

Rosario Ports Operating Normally Despite Strike

© L Si Saber / Adobe Stock

Argentina's Rosario agro-port hub terminals were operating normally on Thursday in the midst of a strike by the Urgara grain receivers union aimed at storage centers, the country's Chamber of Port and Maritime Activities (CAPyM) said."The ports are not affected," Guillermo Wade, manager of CAPyM, told Reuters, adding that, at most, "those who have stocks will be receiving a little less merchandise or less than the estimated, but they are very specific cases."Grain receivers are technicians who analyze the merchandise stored in collection centers distributed throughout the country…

15 Mar 2023

Can Ukraine's Grain Corridor Ease the Global Food Crisis?

© Aleksandr Lesik / Adobe Stock

Russia has proposed that a U.N.-backed initiative that has enabled grains to be exported from Ukraine's Black Sea ports should be renewed for just 60 days.The deal to free up grain exports from Ukraine's southern Black Sea ports, which expires later this month, has previously been renewed for 120 days and there are concerns a shorter extension could cause logistical issues.Reached in July last year, it created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine…

14 Feb 2023

Merged Bunkering Group Baseblue in Push to Target Green Shipping

© BMS United Bunkers / Adobe Stock

International marine fuels group Baseblue, created through the merger of three bunker players, aims to hone in on green shipping as part of the growing push to decarbonize the industry, executives said on Tuesday.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action including a carbon levy.Baseblue, which will have offices in Greece, Argentina, Cyprus, Hong Kong, and the Netherlands, has been formed through an agreement between European companies BMS United B

18 Jan 2023

CMA CGM Argentina: Largest Containership to Call a Japanese Port

©CMA CGM/Twitter

The CMA CGM Group said this week it had received the arrival of the CMA CGM Argentina containership as its largest vessel to call at the Honmoku D4 terminal in Yokohama, Japan.The containership is one of two 15,000-TEU series that the group has deployed on the weekly Asia Central South America 1 (ACSA1) service. Arriving from central and south America, the CMA CGM Argentina is now the largest containership to call a Japanese port on a regular service and has brought import shipments of fresh fruits from Ecuador and Guatemala…

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