The Daily Fixture/Index List of 20th June 2012

The Daily Fixture/Index List of 20th June 2012

FIXTURES - 20.06.2012

Baltic Exchange Daily Fixture/Index List 20/06/2012


BDI 972 (UP 18) BCI 1145 (UP 5) BPI 1093 (UP 4)

BSI 1146 (UP 34) BHSI 695 (UP 13)

Last published BDTI 668 (DOWN 8) BCTI 572 (DOWN 1)


TIMECHARTER


'Mineral China' 2003 171448 dwt dely Gijon ppt trip via Port Cartier
redel Fos $4250 daily - Hanjin
'Fiskardo' 2010 83000 dwt dely Praia Mole 30 June/4 July trip via EC
South America redel UKC $12500 daily + $350000 bb - Azure
'MBA Future' 2009 82100 dwt dely Recalada 11/16 July trip redel
Rotterdam $12000 daily + $350000 bb - Azure
'Sunny Young' 2011 81966 dwt dely Portbury 22/27 June trip via
Trombetas redel UKC $10000 daily - Torm
'Pontovremon' 2001 76318 dwt dely Lianyungang 22/28 July trip via
NoPac redel Indonesia $5750 daily - Oceans 21

INDUSTRY UPDATES ON 20.06.2012


INDUSTRY

UPDATES

20th June 2012

STEEL, METALS AND MINING

COAL

Coal allocation was pro people : Sriprakash Jaiswal Coal Minister Sriprakash Jaiswal has defended Prime Minister Manmohan Singh on the issue of allocation of coal blocks saying the government had appointed an impeccable screening committee, and the top man cannot be blamed for possible misconduct at the lower level.
In a candid interview with ET, the minister gave glimpses of the government's strategy to deal with the coal controversy, and attacked critics such as Team Anna for shrugging off CAG's castigating reports on the affairs of Gujarat and Uttar Pradesh, and targeting coal block allocations, which Jaiswal argues was a pro-people move because an auction would have sharply raised prices of power, steel and cement.

A CAG report said that private companies made windfall gains of 1.86 lakh crores on account of a non-transparent policy for awarding coal blocks. The Central Bureau of Investigations is probing the matter after two BJP MPs Prakash Javedkar and Hansraj Ahir alleged that ineligible companies were awarded coal blocks and the government followed a faulty policy for award of mines. Jaiswal said the coal ministry was cooperating with the CBI and had deputed two officials to facilitate investigation.

Prime Minister Manmohan Singh had held additional charge of the ministry in UPA-1. An ally of the Congress party says that unlike 2G, the Congress cannot blame an ally for wrong doings in allocation of mines since the party has had control over the ministry during both terms of the UPA.