Date: Thursday, May 29, 2008

Re:

Argentina

Winter storms in the center of Argentina have affected road closures and this weather situation will continue for the next three days. The main roads to Chile have been closed since last weekend, which has affected the movement of more than 2,000 trucks in transit.

• Winter ice storms in the center of Argentina have forced the closure of roads connecting Mendoza/ Buenos Aires. Hopefully this will to be back to normal tomorrow.
  
  
• Countryside producers have restarted their strike today promising not to block the roads like in previous events, but the dialogue with the government does not exist and the climate is tense.
  
  
• MSC is still experiencing operational problems, mainly in their Buenos Aires/European service, which has resulted in lack of space, booking cancellations, etc.

Will keep you posted on developments.