FIXTURES- 01/08/2013

FIXTURES- 01/08/2013







BDI 1066 (UP 4) BCI 1935 (UP 54) BPI 1041 (DOWN 16)

BSI 909 (DOWN 3) BHSI 530 (DOWN 1)

Last published BDTI 624 (DOWN 14) BCTI 615 (UP 9)





TIMECHARTER



'Aquacharm' 2003 171009 dwt dely Lanshan 3/5 Aug trip via EC

Australia redel China $12500 daily - Jiangsu Steamship

'Blue Wave' 2011 87340 dwt dely aps Indonesia ppt trip redel

Singapore-Japan $6000 daily + $85000 bb - Oldendorff

'Xenia' 2006 87000 dwt dely Yura 1/4 Aug trip via Australia redel

Singapore-Japan $8500 daily - cnr

'Aristidis' 2013 82177 dwt dely Lanshan 3/8 Aug trip via US Gulf

redel Singapore-Japan $9650 daily - Louis Dreyfus

'Navios Avior' 2012 81355 dwt dely Dongguan ppt trip via Indonesia

redel Taiwan $6750 daily - Norden

'Wadi Alkarm' 2011 80533 dwt dely Port Kembla 16/21 Aug trip redel

INDUSTRY UPDATES - 01/08/2013

Power, fertilizer ministries may oppose increase in gas price





The government may not be able to raise the prices of natural gas as much as it wants to because the fertilizer and power ministries have reservations on the recommended pricing formula.The proposed freeing of gas prices and a resultant increase will directly benefit local producers such as Mukesh Ambani-led Reliance Industries Ltd and state-owned Oil and Natural Gas Corp. Ltd and Oil India Ltd.



A panel led by C. Rangarajan, the Prime Minister’s economic adviser, in December suggested a system that would price the fuel at $8-8.5 per million metric British thermal units (mmBtu). This compares with the current domestic prices that range between $3.5 and $5.73 per mmBtu. Imported natural gas costs around $14.17 per mmBtu.Finance minister P. Chidambaram said in his budget presentation on 28 February that the government will review its pricing policy on natural gas and remove uncertainties in this regard.



The fertilizer ministry may object to the Rangarajan formula and instead suggest the fuel be priced at around