Paranagua

Dredging has been authorized by Brazilian Naval
authority to begin at Port´s program intention.

We have received a short note that the Brazilian Naval Authority has authorized the port to begin the dredging procedures. This is a result of long and tiresome official formality which we had to go through prior get such license to begin.

Now it is in the hand of Paranagua Port Authority to employ the dredger company to commence the dredging program within the schedule presented.

We will follow it up and reverting on further developments.

Best regards.

Brazil | December 07