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07.06.2013

THREAT OF STRIKE BY STEVEDORES ON THE BRAZILIAN PORTS

The leaderships of the syndicates of the Brazilian stevedores threatening to call strike in every Brazilian ports should the Government does not review their position in regards to the implementation of the "new port law (MP595)" and assure compliance with the agreements previously tied-up with such category (Stevedores).

If till June 25th the Government does NOT recede, the leaderships of the syndicates will stop operation in every Brazilian ports for undetermined time.

Such protest arises after the act/decision of the President to reject the guarantee of the employment of the Stevedores in the private terminals, which will be the main ways of investment on the port segment on the next years.

We will be following-up developments closely and reverting in case of any further news.

Williams