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Friday, April 27, 2007

The Daily Fixtures Report - 26/04/2007

The Daily Fixtures Report - 26/04/2007
-------------------------

BDI 6192 UP 70
BCI 9060 UP 107
BPI 5822 UP 58
BSI 3919 UP 52

TIMECHARTER
'Cape Mars' 2003 175882 dwt dely China 10/13 May trip via Australia or
South Africa redel Skaw-Cape Passero $80000 daily - SK Shipping 'Sideris GS'
2006 174000 dwt dely Sines 5/7 May 2.5/4.5 months trading redel worldwide
$115000 daily - Sinochart 'Channel Alliance' 1996 171978 dwt dely Worldwide
Oct-Nov 2 years trading redel worldwide $71000 daily - Chinese 'Thalassini
Niki' 2005 170800 dwt dely Worldwide September 5 years trading redel
worldwide $56000 daily basis 3.75% - Cosco 'Bulk Australia' 2002 170578 dwt
dely Rotterdam 8/10 May trip via Brazil redel China $126000 daily - Noble
'Nymphe' 1994 151300 dwt dely Continent 7/10 May trip via Brazil redel
Japan $110000 daily - NYK 'Cape America' 1991 149515 dwt dely Cape Passero
30 Apr trip via Ponta da Madeira redel Dunkirk $99000 daily - Hanjin 'Peace
Blossom' 1987 148982 dwt dely ex dry dock Zhoushan ely May trip via Madras
redel S.Korea $76500 daily - Korea Line 'Coal Gypsy' Cosbulk reet 2006 82295
dwt dely Bayuquan 3/5 May 10/11 months trading redel worldwide $47000 daily
- Park Road 'Pedhoulas Trader' 2006 82214 dwt dely dop Bilbao 1/5 May trip
via EC South America redel Singapore-Japan rge int grain $52750 daily -
Noble 'Imabari TBN' Rizzo-Bottiglieri-De Carlini Armatori Spa relet
newbuilding 76500
dwt -
'Aeolian Spirit' CTP relet 2002 76500 dwt dely Redcar 27/30 Apr trip via
Murmansk redel UKC $50000 daily - Suek 'Mulberry Wilton' 2004 76453 dwt
dely Zhoushan 10/12 May 2 laden legs 1st leg Xingang/Goa redel
Singapore-Japan rge $46000 daily - PCL 'Loch Maree' Glory Wealth relet 2004
75798 dwt dely Amsterdam 28/30 Apr trip via Ventspils redel China int
ferts $55000 daily - Daeyang 'Kamari' 1983 75595 dwt dely Hamburg 2 laden
legs redel Skaw-Cape Passero $42500 daily - Augustea - 'Ikan Bayan' 2005
75500 dwt dely Tarragona 7/10 May trip via River Plate redel
Singapore-Japan rge int grain $51000 daily - Dreyfus 'Agios Raphael' 1982
75485 dwt dely Mundra 5/12 May trip via WC India redel China $48500 daily
- cnr 'Seaguardian' 1999 75462 dwt dely Cape Passero 25/30 Apr trip via EC
South America & Med redel Cape Passero $50000 daily - cnr 'Matilda' 1992
75000 dwt dely Portbury 1/3 May trip via Murmansk redel UKC $46000 daily -
Suek 'Isminaki' Hanjin relet 1998 74577 dwt dely Taiwan 30 May/15 Jun 1
years trading redel worldwide $43000 daily - Chinese 'F.D.Jacopo D'Amato'
2006 74444 dwt dely Dunkirk 28/30 Apr trip via Baltic redel China int
ferts $55000 daily - Cosco 'Hephaestus' BHP Billiton relet 2001 74297 dwt
dely Tilbury 1/3 May trip via St.Lawrence redel China $53000 daily - Cargill
- Daeyang but the business failed> 'Chorus' 2001 74269 dwt dely Qingdao
3/5 May 5/7 months trading redel worldwide $47000 daily - Hanjin 'Ocean
Crystal' Rizzo-Bottiglieri-De Carlini Armatori Spa relet 19981
73668 dwt
-
'Dimitris L' 2001 73193 dwt dely PMO 22/24 May 1 years trading redel
worldwide $42000 daily - STX Pan Ocean 'Cymbeline' Rizzo-Bottiglieri-De
Carlini Armatori Spa relet 2001 73081 dwt dely Constanza 9/11 May trip via
Black Sea redel S.China $58500 daily - Shadab 'Rainkiss' 1996 69500 dwt
dely Port Talbot 1/3 May trip via USEC redel India $54000 daily - ETA Dubai
'Captain D.Gregos' 1997 69091 dwt dely Zhoushaqn 4/13 May 2 years trading
redel worldwide $34250 daily - Baumarine 'Shun Ji Xing' 1983 69011 dwt dely
N.China 4/9 May 5/7 months trading redel worldwide $35250 daily - cnr 'SD
Glory' 1987 68634 dwt dely Nantong 2/12 May trip via NoPac redel
Aden-PMO-Colombo rge $40000 daily - Noble 'Amber' 1978 68000 dwt dely PMO
d/c mid May trip via India redel China $33000 daily - ETA Dubai 'Wadi
Alarab' 1993 64214 dwt dely Lanshan 29 Apr/5 May 4/6 months trading 1s leg
sulphur redel worldwide $45000 daily - Bunge 'Talisman' 2006 56019 dwt dely
Mumbai 2/8 May trip redel China $43000 daily - Metchart 'Galini' MUR relet
2005 56015 dwt dely West Coast India 6/10 May trip redel China $39750
daily - Noble 'Ikan Acapulco' Uniocean relet 2006 55730 dwt dely India 15
May/15 June
1 years
trading $37450 daily - cnr
'Lake Harumi' 2006 55699 dwt dely wwide 15/30 May 11/13 months trading
redel worldwide $38500 daily - cnr 'Frontier Angel' 2001 52478 dwt dely US
Gulf 5/15 May trip redel Far East $ 57500 daily - cnr 'Marylisa V' 2003
52174 dwt dely Amsterdam 2/5 May 4/6 months trading redel worldwide approx
$42000 daily - Oldendorff 'Azzura' Hanjin relet 2004 52050 dwt dely West
Coast India 8/10 May 1 years trading redel worldwide approx $37000 daily -
Cargill 'Violet' 2001 50326 dwt dely USGulf 3/6 May period until 17 Sept/31
Oct
2007
redel worldwide $49500 daily - cnr
'Lake Globe' 1994 43216 dwt dely wwr Mississippi 1/10 May trip redel Far
East $49500 daily - Pan Ocean 'Pos Auckland' 2003 28678 dwt dely West Coast
India spot 5/7 months trading redel worldwide $26000 daily - Korean
charterer

ORE
'Sideris GS' Sinochart relet 150000/10 Ponta da Madeira/Qingdao 20/30 May
$51.00 fio scale/25000sc - North China Shipping 'Korea Line TBN' 140000/10
Madras/Kwangyang a/o Pohang 20 May/4 Jun
$22.68 fio
scale/55000sc - POSCO

COAL
'Great Prosperity' 1999 60000/5 Roberts Ban/Piombino 15/24 May $56.00 fio 2
days
sc/5 days sc - Lucchini

The Daily Fixtures Report - 25/04/2007

The Daily Fixtures Report - 25/04/2007
-------------------------

BDI 6122 UP 93
BCI 8953 UP 158
BPI 5764 UP 103
BSI 3867 UP 39

TIMECHARTER
'Kassos Warrior' 1986 194000 dwt dely Rizhao 25/30 Apr trip via EC
Australia redel South Korea $80000 daily - Constellation - 'Cape Mars' 2003
175882 dwt dely China 10/13 May trip via Australia or South Africa redel
Skaw-Cape Passero $80000 daily - SK Shipping 'China Peace' 2005 175000 dwt
dely Caofeidian 10/13 May trip via Australia or South Africa redel
Skaw-Cape Passero $80000 daily - SK Shipping 'Metrostar TBN' 2007 175000 dwt
dely dely ex yard Shanghai Oct-Nov 2007
3 years
trading redel worldwide $57500 daily basis 2.5% - SK Shipping 'Castillo de
Catoira' 2005 173075 dwt dely Dunkirk 4/6 May trip via Brazil redel China
$118000 daily - STX Pan Ocean
'Gran Trader' Cargill relet 2001 172259 dwt - with Pacific Bulk
and refixed to Rio Tinto on private terms> 'CIC Elli S' 2003 171218 dwt
dely Fukuyama 11/13 May trip via West Australia redel south of Qingdao
$103000 daily or north of Qingdao $106000 daily - BHP Billiton 'Penelope'
1997 150393 dwt dely Gijon spot trip via Brazil redel Continent $90000
daily - SK Shipping 'Catriena' 1998 78329 dwt dely N.China 24/26 Apr trip
via EC Australia redel Taiwan $46000 daily - Daeyang 'Ruby Indah' 1998 77755
dwt dely Taiwan 1/10 May 1 years trading redel worldwide $42500 daily -
Dreyfus 'Imabari TBN' newbuilding Rizzo-Bottiglieri-De Carlini Armatori Spa
relet 77000 dwt dely Worldwide Apr 5 years redel worldwide $28000 daily -
Glory Wealth 'Good Hope Max' 2005 76739 dwt dely Mississippi River 1/5 May
trip redel Singapore-Japan rge $44000 daily + $850000 bb - cnr - 'Navios
Star' Samsun relet 2002 76662 dwt dely Worldwide 15 May/24 June
12/14
months trading redel worldwide $43000 daily - Chinese 'Yasa Unity' 2006
75500 dwt dely Zhenjiang 12/14 May 5/7 months trading redel worldwide
$45750 daily - CTP 'Gianfranca D'Amato' 2000 74710 dwt dely Haldia 27/30
Apt trip redel China $52000 daily - Million Miles - but the business
failed> 'Yong Tong' Cosco Hong Kong relet 2001 74381 dwt dely Valencia
12/14 May period until mid Nov redel worldwide $50000 daily - Norden 'Alpha
Melody' Hanjin relet 2002 74374 dwt dely Haldia 7/12 May trip via EC India
redel Far East $52000 daily - cnr 'Hephaestus' BHP Billiton relet 2001 74297
dwt dely Tilbury 1/3 May trip via Baltic redel Far East $53000 daily -
Daeyang 'Chia May' 1997 74009 dwt dely Shanghai 5/10 May trip via NoPac
redel Singapore-Japan rge $43000 daily - Cargill 'Genco Vigour' 1999 73914
dwt dely Rotterdam 5/15 May min 5/max 7 months trading redel worldwide
$48000 daily - Britannia Bulk 'Angela Star' 1998 73798 dwt dely Japan 6/8
May 6/7 months trading redel worldwide $46000 daily - Atlas Bulk Shipping
'Ocean Crystal' Rizzo-Bottiglieri-De Carlini Armatori Spa relet 1998
73668 dwt
dely dop Sparrows Point 14/16 May trip via Baltimore redel Japan $48500
daily + $670000 bb - Alfred C.Toepfer 'Clymene' Bunge relet 2006 73600 dwt
dely Ijmuiden 2/4 May trip via EC South America redel Singapore-Japan rge
$50500 daily if grain $51500 daily if ore - Cosbulk 'Aenaos' 1998 72413 dwt
dely worldwide 1 July/31 Aug 5 years trading redel worldwide $27000 daily -
cnr 'Countess I' 1986 70200 dwt dely retro Cape Passero 16 Apr trip via EC
South America redel Skaw-Cape Passero $44000 daily - Bunge 'Wei Yuan' 1983
65132 dwt dely PMO 5/7 May trip via WC India redel China $37500 daily -
Chinese chrtr 'Avra' 1982 64854 dwt dely retro Cape Passero 22 Apr trip
via EC South America redel Skaw-Cape Passero $38000 daily - Alfred C.Toepfer
'Darya Shakti' 2004 56050 dwt dely Lanshan 28/30 April trip via
Lianyunganag redel East Coast India $42000 daily - Sinochart 'Triton Stork'
2004 56024 dwt dely Bayuquan 28/30 April trip redel India $40000 daily -
Solebay 'Lake Maine' 2001 53531 dwt dely Gibraltar 26/27 April 5/7 months
trading redel worldwide approx $42000 daily - Armada 'Eleni M' 2001 50992
dwt dely West Coast India 26/30 April trip redel Singapore-Japan $38000
daily - Glory Trans 'Sanko Stream' 1998 50655 dwt dely Altamira 25/30 April
trip via USGulf redel Cont $53000 daily - Atlas - 'Navios Horizon' 2001
50346 dwt dely Lianyungang 26/29 April trip redel East Coast India $36500
daily - Bulkmarine 'Dubai Guardian' 1997 47271 dwt dely Lanshan spot trip
via PG redel PMO $38000 daily - cnr 'Gang Qiang' 1997 46790 dwt dely Haldia
26/28 April trip redel Singapore-Japan $35000 daily - cnr 'Clean Seas' 1995
46640 dwt dely Chittagong 27/29 April trip redel Singapore-Japan $36000
daily - cnr 'Stargold Trader' 1994 45228 dwt dely Tema spot trip via Brazil
redel Black Sea $40500 daily - Sucden 'Full Wealth' 1995 43202 dwt dely
Continent spot 5/7 months trading redel worldwide $34000 daily - STX Pan
Ocean 'Discovery II' 1984 32814 dwt dely River Plate 15/18 May trip redel
Morocco $30000 daily + $500000 bb - Alfred C Toepfer 'Pratchara Naree' 1984
25000 dwt dely India 3/15 May 11/13 months trading redel worldwide $20000
daily - Joen Shipping -

ORE
'Pacific Bulk TBN' 150000/10 Sepetiba/Beilun & Nantong 20/30 May $52.00 fio
scale/CQD - Wugang Steel 'Fernie' 1996 120000/10 Tubarao/Kaohsiung 15/25 May
$49.00 fio 40000sc/38000sc - China Steel Express 'TBN' 70000/10
Tubarao/Terneuzen & Ghent 8/22 May $32.00 fio 4 days sc - Cetragpa

index as of 24.apr.07

Subject: index as of 24.apr.07


Daily Summary of Baltic Exchange Dry Indices

24 April 2007

Baltic Exchange Dry Index TM 6029 (UP 107)

Baltic Exchange Capesize Index TM 8795 (UP 190)

Baltic Exchange Panamax Index TM 5661 (UP 115)

Baltic Exchange Supramax Index TM 3828 (UP 29)

Baltic Exchange Handysize Index TM 1938 (UP 24)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $102052 (UP 2086)

BPI Average of the T/C routes $45735 (UP 927)

BSI Average of the T/C routes $40026 (UP 307)

BHSI Average of the T/C routes $28209 (UP 330)

Baltic Exchange Capesize Index 8795 (UP 190)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 28.810 0.430

C3 150000mt Tubarao - Beilun/Baoshan 15 48.982 0.814

C4 150000mt Richards Bay - Rotterdam 5 30.230 1.310

C5 150000mt W Australia - Beilun/Baoshan 15 22.360 0.480

C7 150000mt Bolivar - Rotterdam 5 29.755 0.615

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 107850 2100

C9_03 172000mt Continent/Mediterranean trip Far East 5 120182 1364

C10_03 172000mt Pacific RV 20 100700 2382

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 79477 2500

C12 150000mt Gladstone - Rotterdam 10 38.300 1.186

Average of the T/C Routes 102052 2086

Baltic Exchange Panamax Index 5661 (UP 115)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 47066 1175

P2A_03 74000mt SKAW-GIB/FAR EAST 25 49627 887

P3A_03 74000mt Japan-SK/Pacific/RV 25 45110 798

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 41139 850

Average of the T/C Routes 45735 927

Baltic Exchange Supramax Index 3828 (UP 29)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 40873 353

S1B Canakkale Trip Far East 12.5 39027 187

S2 Japan - SK / NOPAC or Australia rv 25 38296 208

S3 Japan - SK Trip Gib - Skaw range 25 38436 356

S4A US Gulf - Skaw-Passero 12.5 55303 518

S4B Skaw-Passero - US Gulf 12.5 31541 271

Average of the T/C Routes 40026 307

S6 Jpn-SK trip via Aus/India 0 39805 164

The route(s) below do not form part of the index calculation

S5 Trial-W.Africa via ECSA to FarEast 0 43664 448

Baltic Exchange Handysize Index 1938 (UP 24)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 23450 421

HS2 Skaw - Passero trip Boston - Galveston 12.5 24264 435

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 39494 613

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 38494 716

HS5 SE Asia trip via Australia to Singapore - Japan 25 25750 150

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24236 79

Average of the T/C Routes 28209 330

Dry cargo fixture summary - 24 April 2007

Subject: Dry cargo fixture summary - 24 April 2007


Dry cargo fixture summary - 24 April 2007

==========================


BDI Baltic Dry Index 6029 UP 107

BCI Baltic Capesize Index 8795 UP 190

BPI Baltic Panamax Index 5661 UP 115

BSI Baltic Supramax Index 3828 UP 29

BHSI Baltic Handysize Index 1938 UP 24

Timecharter

-----------

'Chou Shan' Shagang relet 2005 175569 dwt - <reported 23/04 the correct

rate is $84000 daily>

'Gran Trader' Cargill relet 2001 172259 dwt dely Fangcheng 29/30 Apr trip

via West Australia redel China $110000 daily - Cargill

'S.A. Altius' 2001 171509 dwt - <reported 23/04 the correct rate is

$89000 daily>

'Cyclades' Armada relet 2004 171480 dwt dely Continent mid May 1 years

trading redel worldwide $92500 daily - STX Pan Ocean

'Nikomarin' newbuilding 82190 dwt dely ex yard Tsuneishi end Apr 11/13

months trading redel worldwide $42500 daily - Cosco Europe

'Navios Cielo' TME relet 2003 75834 dwt dely Singapore-Japan rge 15/25

May 5/7 months trading redel worldwide $47000 daily - Norden

'Anastasia' CTP relet 2006 75834 dwt dely Cape Passero 26/27 Apr balance

of period until 1/30 Sept redel worldwide $48650 daily - Cargill

'Marilena D'Amato' 2001 74716 dwt dely US Gulf 5/10 May trip redel

Barcelona- Ghent rge $49000 daily + $1.00 million bb - Alfred C.Toepfer

'Marilena D'Amato' 2001 74716 dwt dely US Gulf 5/15 Apr trip redel

Barcelona- Ghent rge $49000 daily + $1.00 million bb - Alfred C.Toepfer

'Gianfranca D'Amato' 2001 74710 dwt dely Haldia 28 May/6 May trip redel

China $51000 daily - cnr

'Yong Li' 2001 74283 dwt dely S.China 5/7 May 5/7 months trading redel

worldwide $46500 daily - Norden

'COS Intrepid' 2001 74119 dwt dely Raoping, China 3/5 May 11/13 months

trading redel worldwide $39500 daily - S.Korean chrtr - <fixed last week>

'Babitonga' Atlas Bulk Shipping relet 1997 73726 dwt dely Shanghai 30

Apr/2 May trip via Indonesia redel Japan $44500 daily - NYK

'Proteus' 1999 73018 dwt dely Aden 25/27 Apr trip via EC South America

redel Far East $45000 daily - cnr

'Monte Pelmo' 2000 72917 dwt dely Qingdao 30 Apr/2 May 4/6 months trading

redel worldwide $43750 daily - BHP Billiton - <fixed last week>

'Yuan Zi' 1997 71298 dwt - <reported 23/04 the correct rate is $43000

daily>

'Myron N' 1990 70424 dwt dely Amsterdam 20/24 Apr trip via EC South

America redel Skaw-Cape Passero $45000 daily - Bunge

'Trinity' 1993 69300 dwt dely Shanghai 24/26 Apr 5/7 months trading redel

worldwide $42000 daily - cnr

'Armonikos' 1984 61748 dwt dely Hamburg 25/30 Apr trip via EC South

America redel Skaw-Cape Passero $38500 daily - Cargill - <fixed last

week>

'Star Phoenix' 2004 56042 dwt dely Shanghai end Apr trip redel US Gulf

int Brownsville with steels $41000 daily - Russian chrtr

'Aquitania' 2006 55932 dwt dely Aden-Japan May/June 1 years trading redel

worldwide $37000 daily - MUR

'Delfa' 2005 53594 dwt dely Lanshan 26/30 Apr 10/12 months trading redel

worldwide $36000 daily - HMM

'Formaulhaut' Star relet 1999 46685 dwt dely PG 10/20 May periond min 10

Mar/max 10 May 2008 redel worldwide $33000 daily - Atlas Shipping

'Cos Cherry' 1996 46480 dwt dely Aden-Japan rge June/Aug 2007 min 18/max

20 months trading redel worldwide $31500 daily basis 3.75% - Hanjin

Ore

---

'Iron Prince' Swiss Marine relet 1995 150000/10 Richards Bay/Hadera 15/30

May $30.00 fio scale/30000sx15.30Fri-22.30Sat - Kleimar

Dry cargo fixture summary - 23 April 2007

Dry cargo fixture summary - 23 April 2007


Dry cargo fixture summary - 23 April 2007

==========================


BDI Baltic Dry Index 5922 UP 72

BCI Baltic Capesize Index 8605 UP 118

BPI Baltic Panamax Index 5546 UP 76

BSI Baltic Supramax Index 3799 UP 34

BHSI Baltic Handysize Index 1914 UP 15

Timecharter

-----------

'Chou Shan' Shagang relet 2005 175569 dwt dely Japan 1/5 May 1 years

trading redel worldwide $85000 daily - SK Shipping

'Diana SWS type TBN' newbuilding 175000 dwt dely ex yard Shanghai Nov 4

option 1 years trading redel worldwide $52500 daily - BHP Billiton

'Successor' NCS relet 2007 173764 dwt dely Shanghai 5/8 May trip via

Australia or Indonesia or South Africa redel Skaw-Cape Passero $66000

daily 1st 55 days $115000 balance - SK Shipping - <Fixed 18/04>

'Nightwhisper' 1985 172428 dwt dely Beilun 20/25 May trip via West

Australia redel China $90000 daily - Transfield

'S.A. Altius' 2001 171509 dwt dely Rotterdam end May 12 months trading

redel worldwide $90000 daily - cnr

'Constantia' 1996 171039 dwt dely Gijon 15/18 May 12 months trading redel

worldwide $86500 daily - Cargill

'Star Europe' 1986 170698 dwt dely Qingdao 15/20 May trip via West

Australia redel China $88000 daily - Transfield

'Front Striver' obo 1992 169204 dwt dely retro Caofeidian 10 Apr 12

months trading redel worldwide $73000 daily - Noble

'Iron Prince' 1995 163554 dwt dely Majishan 22/25 Apr 4/6 months trading

redel worldwide $86000 daily - Swiss Marine - <fixed mid last week>

'Anangel Solidarity' 1993 161545 dwt dely Kawasaki mid May 11/13 months

trading redel worldwide $80000 daily - Morgan Stanley

'Orange Truth' Bunge relet 2006 83051 dwt dely Continent end Apr 3/4

months trading redel worldwide $50000 daily - Transfield

'Oinoussian Lady' 2004 76704 dwt dely Far East in d/c end May 3 years

trading redel worldwide $30000 daily based on 3.75% - MOSK

'Pantazis L' Bunge relet 2003 76629 dwt dely Cape Passero spot trip via

EC South America redel Malaysia $49000 daily - Transgrain

'Michele D'Mato' 2005 76440 dwt dely S.Japan 1/5 May trip via NoPac redel

Singaore-Japan rge $45900 daily - Daeyang

'Anthemis' 2004 76310 dwt dely N.China end Apr 5/6 months trading redel

worldwide $45500 daily - BHP Billiton - <fixed mid last week>

'Kavo Alkyon' 2005 75389 dwt dely Las Palmas 20/30 Apr trip via EC South

America redel Singapore-Japan rge $52500 daily - Sinochart

'Ever Mighty' 1996 75265 dwt dely Tanjung Bin 28/29 Apr balance period to

14 Oct/13 Nov redel worldwide $46000 daily - Norden

'Clare' 2005 74759 dwt dely Taiwan 1/10 May 5/7 months trading redel

worldwide $46000 daily - Swiss Marine

'AltaIr' Transfield relet 2001 74665 dwt dely Hamburg 23/25 Apr 100-150

days trading redel worldwide $47000 daily - Armada

'Clipper Monarch' 2000 74381 dwt dely Hirohata 1/3 |May trip via NoPac or

Australia redel Singapore-Japan rge $46000 daily - Cargill

'Coronis' Rizzo-Bottiglieir-De Carlini relet 2006 74361 dwt dely

Fangcheng 2/4 May 5/7 months trading redel worldwide $45500 daily -

Norden

'Catriena' 1998 73829 dwt dely Bauquan ppt trip via N.China redel S.Korea

$41500 daily - SK Shipping

'Great Ambition' 1999 73725 dwt dely Tanjung Bin 28/30 Apr trip via

Indonesia redel Taiwan $51000 daily - OBS

'Pacific Paradise' 1993 73645 dwt - <reported 20/04 the charterer is

Baumarine>

'Baltia' 1996 73040 dwt dely S.Korea 20/25 Apr trip via Geraldton redel

Singapore-Japan rge $43000 daily - NYK

'Lanzarote' 1996 73008 dwt dely Taiwan 26/28 Apr 5/7 months trading redel

worldwide approx $47000 daily - Norden

'Yuan Zi' 1997 71298 dwt dely PMO 5/12 May trip via WC India redel China

$46000 daily - Noble

'Harmonic Progress' 1989 69561 dwt dely Far East May/June 16/19 months

trading redel worldwide $31000 daily - Far East chrtr - <fixed towards

end of last week>

'Tobata Max' 1993 69235 dwt dely Gijon 27/30 Apr 4/6 months trading redel

worldwide $45500 daily - United

'Ariana' 1984 69041 dwt dely Cape Passero 20/22 Apr trip via EC South

America including Santarem redel Skaw-Cape Passero $39000 daily - Cargill

'Theofano M' 1982 64975 dwt - <reported 20/04 redel is Spain>

'Arya Payam' 2005 53000 dwt dely Tenerife spot trip via East Coast South

America redel Bangladesh $44750 daily - JKI

'G Duckling' 2001 52402 dwt dely China May 2007 2 years trading redel

worldwide approx $32500 daily - HMM - <corrects name and description from

20/04>

'Annika' STX Pan Ocean relet 2006 52050 dwt dely Cont 1/5 May 11/12

months trading redel worldwide $34500 daily - AMN Bulk Carriers inc

'Channel Ranger' 1995 43108 dwt dely North Spain spot trip via USGulf

redel Med approx $37000 daily - SSM

'Nurten Ana' Atlas relet 1985 38888 dwt dely Italy spot trip via Paranam

redel Cont approx $31500 daily - NYK

Ore

---

'Princess Katherine' 1986 160000/10 Tubarao/Qingdao 10/15 May $48.80 fio

scale/25000sc - Transfield

The Daily Fixtures Report - 24/04/2007

The Daily Fixtures Report - 24/04/2007
-------------------------

BDI 6029 UP 107
BCI 8795 UP 190
BPI 5661 UP 115
BSI 3828 UP 29

TIMECHARTER
'Chou Shan' Shagang relet 2005 175569 dwt - rate is $84000 daily>
'Gran Trader' Cargill relet 2001 172259 dwt dely Fangcheng 29/30 Apr trip
via West Australia redel China $110000 daily - Cargill
'S.A. Altius' 2001 171509 dwt - daily>
'Cyclades' Armada relet 2004 171480 dwt dely Continent mid May 1 years
trading redel worldwide $92500 daily - STX Pan Ocean 'Nikomarin' newbuilding
82190 dwt dely ex yard Tsuneishi end Apr 11/13 months trading redel
worldwide $42500 daily - Cosco Europe 'Navios Cielo' TME relet 2003 75834
dwt dely Singapore-Japan rge 15/25 May 5/7 months trading redel worldwide
$47000 daily - Norden 'Anastasia' CTP relet 2006 75834 dwt dely Cape
Passero 26/27 Apr balance of period until 1/30 Sept redel worldwide $48650
daily - Cargill 'Marilena D'Amato' 2001 74716 dwt dely US Gulf 5/10 May
trip redel Barcelona-Ghent rge $49000 daily + $1.00 million bb - Alfred
C.Toepfer 'Marilena D'Amato' 2001 74716 dwt dely US Gulf 5/15 Apr trip
redel Barcelona-Ghent rge $49000 daily + $1.00 million bb - Alfred C.Toepfer
'Gianfranca D'Amato' 2001 74710 dwt dely Haldia 28 May/6 May trip redel
China $51000 daily - cnr 'Yong Li' 2001 74283 dwt dely S.China 5/7 May 5/7
months trading redel worldwide $46500 daily - Norden 'COS Intrepid' 2001
74119 dwt dely Raoping, China 3/5 May 11/13 months trading redel worldwide
$39500 daily - S.Korean chrtr - 'Babitonga' Atlas Bulk Shipping relet 1997
73726 dwt dely Shanghai 30
Apr/2 May
trip via Indonesia redel Japan $44500 daily - NYK 'Proteus' 1999 73018 dwt
dely Aden 25/27 Apr trip via EC South America redel Far East $45000 daily -
cnr 'Monte Pelmo' 2000 72917 dwt dely Qingdao 30 Apr/2 May 4/6 months
trading redel worldwide $43750 daily - BHP Billiton -
'Yuan Zi' 1997 71298 dwt - daily>
'Myron N' 1990 70424 dwt dely Amsterdam 20/24 Apr trip via EC South
America redel Skaw-Cape Passero $45000 daily - Bunge 'Trinity' 1993 69300
dwt dely Shanghai 24/26 Apr 5/7 months trading redel worldwide $42000 daily
- cnr 'Armonikos' 1984 61748 dwt dely Hamburg 25/30 Apr trip via EC South
America redel Skaw-Cape Passero $38500 daily - Cargill - 'Star Phoenix' 2004
56042 dwt dely Shanghai end Apr trip redel US Gulf int Brownsville with
steels $41000 daily - Russian chrtr 'Aquitania' 2006 55932 dwt dely
Aden-Japan May/June 1 years trading redel worldwide $37000 daily - MUR
'Delfa' 2005 53594 dwt dely Lanshan 26/30 Apr 10/12 months trading redel
worldwide $36000 daily - HMM 'Formaulhaut' Star relet 1999 46685 dwt dely
PG 10/20 May periond min 10 Mar/max 10 May 2008 redel worldwide $33000 daily
- Atlas Shipping 'Cos Cherry' 1996 46480 dwt dely Aden-Japan rge June/Aug
2007 min 18/max 20 months trading redel worldwide $31500 daily basis 3.75% -
Hanjin

ORE
'Iron Prince' Swiss Marine relet 1995 150000/10 Richards Bay/Hadera 15/30
May $30.00 fio scale/30000sx15.30Fri-22.30Sat - Kleimar

Thursday, April 26, 2007

Daily Summary of Baltic Exchange Dry Indices 19.apr.07

Subject: index as of 19.apr.07


Daily Summary of Baltic Exchange Dry Indices

19 April 2007

Baltic Exchange Dry Index TM 5782 (UP 82)

Baltic Exchange Capesize Index TM 8404 (UP 152)

Baltic Exchange Panamax Index TM 5393 (UP 64)

Baltic Exchange Supramax Index TM 3727 (UP 41)

Baltic Exchange Handysize Index TM 1870 (UP 20)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $97691 (UP 1923)

BPI Average of the T/C routes $43572 (UP 523)

BSI Average of the T/C routes $38966 (UP 428)

BHSI Average of the T/C routes $27273 (UP 272)

Baltic Exchange Capesize Index 8404 (UP 152)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 27.905 0.275

C3 150000mt Tubarao - Beilun/Baoshan 15 46.677 0.382

C4 150000mt Richards Bay - Rotterdam 5 28.120 0.545

C5 150000mt W Australia - Beilun/Baoshan 15 21.275 0.425

C7 150000mt Bolivar - Rotterdam 5 28.610 0.285

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 104400 1400

C9_03 172000mt Continent/Mediterranean trip Far East 5 115955 1246

C10_03 172000mt Pacific RV 20 96818 2227

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 73591 2818

C12 150000mt Gladstone - Rotterdam 10 35.450 1.336

Average of the T/C Routes 97691 1923

Baltic Exchange Panamax Index 5393 (UP 64)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 44730 341

P2A_03 74000mt SKAW-GIB/FAR EAST 25 47573 471

P3A_03 74000mt Japan-SK/Pacific/RV 25 42977 782

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 39011 500

Average of the T/C Routes 43572 523

Baltic Exchange Handysize Index 1870 (UP 20)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 22364 195

HS2 Skaw - Passero trip Boston - Galveston 12.5 23293 204

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 37781 508

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 35783 1203

HS5 SE Asia trip via Australia to Singapore - Japan 25 25446 46

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24036 -15

Average of the T/C Routes 27273 272

Baltic Exchange Supramax Index 3727 (UP 41)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 39368 772

S1B Canakkale Trip Far East 12.5 37921 438

S2 Japan - SK / NOPAC or Australia rv 25 37642 218

S3 Japan - SK Trip Gib - Skaw range 25 37455 277

S4A US Gulf - Skaw-Passero 12.5 53683 663

S4B Skaw-Passero - US Gulf 12.5 30566 569

Average of the T/C Routes 38966 428

S6 Jpn-SK trip via Aus/India 0 39050 211

The route(s) below do not form part of the index calculation

S5 Trial-W.Africa via ECSA to FarEast 0 42264 589

The Daily Fixtures Report - 19/04/2007

The Daily Fixtures Report - 19/04/2007
-------------------------

BDI 5782 UP 82
BCI 8404 UP 152
BPI 5393 UP 64
BSI 3727 UP 41

TIMECHARTER
'Cape Trust' Constellation relet 2006 176925 dwt dely N.China 30 Apr/3 May
trip via West Australia redel China $97500 dsily - RTS 'Anangel Odyssey'
Cosbulk relet 2006 171660 dwt dely China in d/c ppt trip via West Australia
redel China $93000 daily - BHP Billiton 'Pantelis SP' Swiss Marine relet
1999 169883 dwt dely Carboneras 1/3 May trip via Brazil redel China
$119000 daily - Noble
'Trinity Bulker' Transfield relet 1990 151000 dwt - Constellation
correct rate is $75000 daily>
'GH Resources' STX Pan Ocean relet 1990 124000 dwt dely Mailiao 10/20 May
4/6 months trading redel worldwide $65000 daily - Constellation 'Grafton'
1996 122301 dwt dely Qinhuangdao 24/26 Apr 5/6 months trading redel
worldwide $71000 daily - Constellation
'Medi Lausanne' 2006 83002 dwt - Ocean>
'Billion Trader 2' 2007 82800 dwt dely Trincomalee 19/20 Apr trip via
Indonesia redel Cape Passero $41000 daily - Flame 'Chang Ho' 2000 80416 dwt
dely Japan end Apr 5/7 months trading redel worldwide $42750 daily - cnr
'Tai Prosperity' 2005 77000 dwt dely Linayungang spot 4/6 months trading
redel worldwide $44100 daily - Swiss Marine 'Golden Sakura' 2007 77000 dwt
dely ex yard Japan Aug/Sept 2 years trading redel worldwide $33250 daily -
Chinese 'Bonita' 2001 76623 dwt dely Immingham 1/3 May 5/7 months trading
redel worldwide $44750 daily - Cargill 'Arabella' 2001 75563 dwt dely
Yantai 1/3 May trip via N.China redel Japan $44000 daily - Daiichi
'Pessada' 1999 75484 dwt dely Bin Qasim 2/7 May trip via Goa redel Japan
$49500 daily - Oldendorff 'Dione' Norden relet 2001 75172 dwt dely Atlantic
10/20 May 4/6 months trading redel worldwide $46000 daily - cnr 'Isminaki'
1998 74577 dwt dely Kamaishi 21/24 Apr trip via NoPac redel Japan $44500
daily - Marubeni
'Rodon Amarandon' 2001 74090 dwt - failed>
'Genco Beauty' 1999 73600 dwt dely Dammam 10/20 June 2 years trading redel
worldwide $31500 daily - Cargill 'Seajoy' 2000 73454 dwt dely Tarragona 2/7
May 2 laden legs redel Skaw-Cape Passero $46000 daily option redel Far East
$48000 daily - CTP 'La Jolla' 1997 72126 dwt dely Dunkirk end Apr 5/7
months trading redel worldwide $46750 daily - Rizzo-Botttiglieri-De Carlini
Armatori Spa 'New Leader' 1996 72073 dwt dely Fujairah 26/28 Apr 2/4 months
trading redel worldwide $50000 daily - Baumarine
'B Oceania' 1990 70424 dwt -
'Joyous World' 1995 69286 dwt dely Zhoushan 21/24 Apr 5/7 months trading
redel worldwide $41000 daily - Cargill
'Rubin Rosebay' 1994 69121 dwt - not Trombetas>
'Hebei Diligence' 1984 65458 dwt dely Brindisi spot trip via EC South
America redel Cape Passero $34500 daily - Agrenco 'Georgios S' 1987 64368
dwt dely Taiwan 1/5 May trip via Indonesia redel Skaw-Cape Passero $35000
chop oilcakes $36000 daily - Cargill 'Aquitania' 2006 55932 dwt dely
Aden-Japan 10 May/15 June 13/15 months trading redel worldwide $35700 daily
- Daeyang 'Ikan Acapulco' 2006 55730 dwt dely Aden-Japan range 10 May/15
June 1 years trading redel worldwide $35000 daily - Chinese charterer 'Dubai
Energy' 2004 55389 dwt dely North China spot trip via PG redel PMO $42500
daily - cnr 'Shanghai Venture' 2007 53000 dwt dely ex yard Chengxi 20/30
April 1 years trading redel worldwide $31500 daily - cnr 'Jin Yao' 2004
52050 dwt dely Aden/Japan July/August 2007 16/18 months trading redel
worldwide $32000 daily basis 3.75% - cnr 'Stove Trader' 1999 46223 dwt dely
Tarragona spot 2 laden legs redel Atlantic $38000 daily - Eitzen 'Pacific
Trader' 2000 45578 dwt dely Far East 24/30 April 4/6 months trading redel
worldwide approx $35000 daily - Cargill 'Agia Eirini' 1994 45296 dwt dely
Port Arthur 27/30 April trip redel Singapore-Japan $45000 daily - Cargill
'Reliance Ocean' 1994 45262 dwt dely Singapore 24/26 April 6/7 months
trading redel worldwide approx $34000 daily - cnr 'Rosella' 2005 29870 dwt
dely Maracaibo spot trip redel Cont $36000 daily - cnr 'Great Gain' 1998
27140 dwt dely Japan spot 5/7 months trading redel worldwide $26000 daily -
Korean charterer

ORE
'YM Equality' Atlas Bulk Shipping relet 1996 70000/10 Narvik/Ijmuiden
23/25 Apr
$10.70 fio 5 days sc - Corus

Regards,
Spyros Antypas
Overseas Agency Ltd. - Chartering Dept.

Bunker Prices 19th April 2007

Grade IFO380 IFO180 MDO MGO
Fujairah 335.50 345.50 620.00 619.00
Houston 309.50 317.00 552.00
Rotterdam 313.00 333.00 514.00 567.50
Singapore 331.50 343.00 583.50 588.00
Oil prices at approximately 20:28 EST :
WTI: $61.83 Change: -1.30 (May 07 contract)

Bunker Prices 20th April 2007

Grade IFO380 IFO180 MDO MGO
Fujairah 334.00 341.50 610.00 609.00
Houston 309.00 318.50 551.50
Rotterdam 311.50 331.00 514.50 571.50
Singapore 332.00 343.00 582.00 588.50
Oil prices at approximately 21:46 EST :
WTI: $63.38 Change: 1.55 (May 07 contract)

Sunday, April 22, 2007

The Daily Fixtures Report - 18/04/2007

�_ 荣 船 �� 企 �I 有 限 公 司
The Daily Fixtures Report - 18/04/2007
-------------------------

BDI 5700 UP 99
BCI 8252 UP 222
BPI 5329 UP 52
BSI 3686 UP 29

TIMECHARTER
'Amber Star' 1986 181884 dwt dely Dalian 22/24 Apr trip via Australia
redel China $82500 daily - RTS 'Harumatou' Cosco Qingdao relet 2004 177243
dwt dely Kashima ppt 5/7 months trading $86500 daily - STX Pan OCean - 12
months, but the charterer was Cosco Qingdao> 'KWK Providence' 2004 175531
dwt dely Baoshan 25/27 Apr trip via West Australia redel China $92500
daily - BHP Billiton 'Cape Venus' 1996 172612 dwt dely Qingdao end Apr
trip via West Australia redel China $95000 daily - BHP Billiton 'CIC Captain
Veniamis' Cosco Hong Kong relet 2000 171448 dwt dely Xingang 28/30 Apr
trip via Richards Bay redel Skaw-Cape Passero $64000 daily - Morgan Stanley
'Aquabeauty' Korea Line relet 2003 170714 dwt dely Rizhao 24/26 Apr trip
via Richards Bay redel Skaw-Cape Passero $68000 daily - STX Pan Ocean
'Obeliks' 2000 170254 dwt -
'Gaia' 1999 169963 dwt dely Taranto end Apr trip via Brazil redel China
$112000 daily - Pacific Bulk 'Alpha Friendship' EdF relet 1996 161417 dwt
dely Zhanjiang 25/30 Apr trip via Australia redel Japan $88000 daily - NYK
'Trinity Bulker' Transfield relet 1990 151000 dwt dely Rizhao 26/30 Apr
4/6
months trading redel worldwide $74000 daily - Constellation 'Medi Lausanne'
2006 83002 dwt dely Rizhao 23/25 Apr 4/6 months trading redel worldwide
$44750 daily - cnr 'Giuseppe Rizzo' 2004 77684 dwt dely UK 25/30 Apr 4/6
months trading redel worldwide $45250 daily - Bunge 'Panstar' Cobelfret
relet 2005 76629 dwt dely Valencia 19/21 Apr balance of period July 10/Aug
10 2007 $47250 daily - Dreyfus 'Giovanna Iuliano' Ocean Glory relet 1997
75229 dwt dely Zhanjioang
26/27 Apr
5/7 months trading redel worldwide $42000 daily - cnr 'Tian Song Feng' EdF
relet 2000 74270 dwt dely Lisbon 1/3 May trip via Nouadhibou redel China
$49500 daily - Cargill 'Rodon Amarandon' 2001 74090 dwt dely US Gulf 27
Apr/5 May 2 laden legs redel Skaw-Cape Passero $40000 daily + $600000 bb -
Cargill 'Clio' Cargill relet 2005 74000 dwt dely Ghent 21/23 Apr 5/7 months
trading redel worldwide $43250 daily - Bunge 'Great Prosperity' 1999 73659
dwt dely Pohang 26/29 Apr 5/7 months trading redel worldwide $42000 daily -
GMI 'Pelagia' STX Pan Ocean relet 1995 71741 dwt dely Xingang 22/29 Apr
trip via NoPac redel Singapore-Japan rge $39000 daily - Dreyfus 'Jia Ho'
1997 71678 dwt dely Navlakhi 23/30 Apr trip via WC India redel China
$46000 daily - Glory Trans 'Bakra' Golden Ocean relet 1993 70456 dwt dely
India 19/21 Apr trip via WC India redel China $43750 daily - cnr 'Hanjin
Tacoma' 1994 70347 dwt dely Hunterston 24/26 Apr trip via St.Lawrence
redel China $46000 daily - Oldendorff 'Eastern Queen' 1994 70196 dwt dely
Gresik 20/22 Apr 2 laden legs redel Singapore-Japan rge $44000 daily -
Golden Ocean 'Full Comfort' 1994 70181 dwt dely Bin Qasim spot trip via
Goa redel China $47000 daily - Chinese 'B Oceania' 1990 70000 dwt dely
Mumbai ppt trip via WC India redel China $49000 daily - cnr 'Jin Pu Hai'
1996 69963 dwt dely Inchon ppt 4/6 months trading redel worldwide $39750
daily - Chinese 'Rubin Rosebay' 1994 69121 dwt dely El Ferrol 23/26 Apr 2
laden legs via Trombetas redel Skaw-Cape Passero $44000 daily - BHP
Billliton 'Wina' United relet 1988 68355 dwt dely Cape Passero end Apr
balance of period Jan/Mar $36500 daily - cnr 'Blue Coral' 1984 64442 dwt
dely Lanshan 24/26 Apr 2 laden legs redel Far East $32400 daily - Jin Yang
'Jin Yi' 2007 55000 dwt dely Oshima July 2007 2 years trading redel
worldwide $32000 daily - Korea Line 'Yasa H.Mehmet 2001 52407 dwt dely
Mumbai 22/24 April trip redel China $34500 daily - Glory Trans 'Yantian
Sea' 1995 44821 dwt dely Turkey 20/25 April trip via PG redel PMO $41000
daily - cnr 'Sea Bulker' 1997 42717 dwt dely Shekou 30 April/5 May balance
period until 5
Sept/5 Nov 2007 redel worldwide $33000 daily - cnr 'Brave John' 1984 39201
dwt dely USGulf 25/30 April 4/6 months trading redel worldwide $33000 daily
- Navision

ORE
'Anangel Vision' Kleimar relet 2007 160000/10 Dalrymple Bay/Rotterdam &
Dunkirk
1/15 May $35.80 fio scale/25000sc - Arcelor-Mittal

MISC
'Daria' 1995 40000/00 bulk sugar Paranagua or Santos/Algeria 5/15 May
$50.75
fio 8000/8000 - Nolis - <40000 min/max cargo size>

Subject: Dry cargo fixture summary - 18 April 2007

Subject: Dry cargo fixture summary - 18 April 2007


Dry cargo fixture summary - 18 April 2007

==========================


BDI Baltic Dry Index 5700 UP 99

BCI Baltic Capesize Index 8252 UP 222

BPI Baltic Panamax Index 5329 UP 52

BSI Baltic Supramax Index 3686 UP 29

BHSI Baltic Handysize Index 1850 UP 27

Timecharter

-----------

'Amber Star' 1986 181884 dwt dely Dalian 22/24 Apr trip via Australia

redel China $82500 daily - RTS

'Harumatou' Cosco Qingdao relet 2004 177243 dwt dely Kashima ppt 5/7

months trading $86500 daily - STX Pan OCean - <was reported 12/04 as

fixing to TMT for 12 months, but the charterer was Cosco Qingdao>

'KWK Providence' 2004 175531 dwt dely Baoshan 25/27 Apr trip via West

Australia redel China $92500 daily - BHP Billiton

'Cape Venus' 1996 172612 dwt dely Qingdao end Apr trip via West Australia

redel China $95000 daily - BHP Billiton

'CIC Captain Veniamis' Cosco Hong Kong relet 2000 171448 dwt dely Xingang

28/30 Apr trip via Richards Bay redel Skaw-Cape Passero $64000 daily -

Morgan Stanley

'Aquabeauty' Korea Line relet 2003 170714 dwt dely Rizhao 24/26 Apr trip

via Richards Bay redel Skaw-Cape Passero $68000 daily - STX Pan Ocean

'Obeliks' 2000 170254 dwt - <reported 17/04 correct rate is $95000 daily>

'Gaia' 1999 169963 dwt dely Taranto end Apr trip via Brazil redel China

$112000 daily - Pacific Bulk

'Alpha Friendship' EdF relet 1996 161417 dwt dely Zhanjiang 25/30 Apr

trip via Australia redel Japan $88000 daily - NYK

'Trinity Bulker' Transfield relet 1990 151000 dwt dely Rizhao 26/30 Apr

4/6 months trading redel worldwide $74000 daily - Constellation

'Medi Lausanne' 2006 83002 dwt dely Rizhao 23/25 Apr 4/6 months trading

redel worldwide $44750 daily - cnr

'Giuseppe Rizzo' 2004 77684 dwt dely UK 25/30 Apr 4/6 months trading

redel worldwide $45250 daily - Bunge

'Panstar' Cobelfret relet 2005 76629 dwt dely Valencia 19/21 Apr balance

of period July 10/Aug 10 2007 $47250 daily - Dreyfus

'Giovanna Iuliano' Ocean Glory relet 1997 75229 dwt dely Zhanjioang 26/27

Apr 5/7 months trading redel worldwide $42000 daily - cnr

'Tian Song Feng' EdF relet 2000 74270 dwt dely Lisbon 1/3 May trip via

Nouadhibou redel China $49500 daily - Cargill

'Rodon Amarandon' 2001 74090 dwt dely US Gulf 27 Apr/5 May 2 laden legs

redel Skaw-Cape Passero $40000 daily + $600000 bb - Cargill

'Clio' Cargill relet 2005 74000 dwt dely Ghent 21/23 Apr 5/7 months

trading redel worldwide $43250 daily - Bunge

'Great Prosperity' 1999 73659 dwt dely Pohang 26/29 Apr 5/7 months

trading redel worldwide $42000 daily - GMI

'Pelagia' STX Pan Ocean relet 1995 71741 dwt dely Xingang 22/29 Apr trip

via NoPac redel Singapore-Japan rge $39000 daily - Dreyfus

'Jia Ho' 1997 71678 dwt dely Navlakhi 23/30 Apr trip via WC India redel

China $46000 daily - Glory Trans

'Bakra' Golden Ocean relet 1993 70456 dwt dely India 19/21 Apr trip via

WC India redel China $43750 daily - cnr

'Hanjin Tacoma' 1994 70347 dwt dely Hunterston 24/26 Apr trip via

St.Lawrence redel China $46000 daily - Oldendorff

'Eastern Queen' 1994 70196 dwt dely Gresik 20/22 Apr 2 laden legs redel

Singapore-Japan rge $44000 daily - Golden Ocean

'Full Comfort' 1994 70181 dwt dely Bin Qasim spot trip via Goa redel

China $47000 daily - Chinese

'B Oceania' 1990 70000 dwt dely Mumbai ppt trip via WC India redel China

$49000 daily - cnr

'Jin Pu Hai' 1996 69963 dwt dely Inchon ppt 4/6 months trading redel

worldwide $39750 daily - Chinese

'Rubin Rosebay' 1994 69121 dwt dely El Ferrol 23/26 Apr 2 laden legs via

Trombetas redel Skaw-Cape Passero $44000 daily - BHP Billliton

'Wina' United relet 1988 68355 dwt dely Cape Passero end Apr balance of

period Jan/Mar $36500 daily - cnr

'Blue Coral' 1984 64442 dwt dely Lanshan 24/26 Apr 2 laden legs redel Far

East $32400 daily - Jin Yang

'Jin Yi' 2007 55000 dwt dely Oshima July 2007 2 years trading redel

worldwide $32000 daily - Korea Line

'Yasa H.Mehmet 2001 52407 dwt dely Mumbai 22/24 April trip redel China

$34500 daily - Glory Trans

'Yantian Sea' 1995 44821 dwt dely Turkey 20/25 April trip via PG redel

PMO $41000 daily - cnr

'Sea Bulker' 1997 42717 dwt dely Shekou 30 April/5 May balance period

until 5 Sept/5 Nov 2007 redel worldwide $33000 daily - cnr

'Brave John' 1984 39201 dwt dely USGulf 25/30 April 4/6 months trading

redel worldwide $33000 daily - Navision

Ore

---

'Anangel Vision' Kleimar relet 2007 160000/10 Dalrymple Bay/Rotterdam &

Dunkirk 1/15 May $35.80 fio scale/25000sc - Arcelor-Mittal

Misc

----

'Daria' 1995 40000/00 bulk sugar Paranagua or Santos/Algeria 5/15 May

$50.75 fio 8000/8000 - Nolis - <40000 min/max cargo size>

+++

The Daily Fixtures Report - 16/04/2007

The Daily Fixtures Report - 16/04/2007
-------------------------

BDI 5562 UP 9
BCI 7947 DOWN 13
BPI 5260 UP 6
BSI 3639 UP 26

TIMECHARTER
'Southern Explorer' 2002 177493 dwt dely ex dry dock Yura 12/14 May 4/5
months trading redel worldwide $86000 daily - Constellation 'Mineral
Beijing' 2004 174083 dwt dely Far East Feb/Mar 2008 period up
8 Dec
2008/8 Feb 2009 redel worldwide $59000 daily - Transfield 'Lowlands Beilun'
1999 171717 dwt dely retro Yura 11 Apr trip via West Australia redel China
$86500 daily - RTS 'Ocean Cosmos' 2000 171191 dwt dely Haili 23/25 Apr
trip via Australia redel Japan $89000 daily - MOSK 'Rubin Grace' 1995 166939
dwt dely Beilun ppt trip via West Australia redel Japan $85000 daily - NYK
'An Ho' 2004 77834 dwt dely Jorf Lasfar 13/17 Apr trip via River Plate
redel Jebel Ali $48500 daily - Gulf Import & Export 'Lord Byron' 2005 76838
dwt dely Lanshan 16/20 Apr 4/6 months trading redel worldwide $43000 daily
- Dreyfus 'Pantazis L' Shagang relet 2003 76629 dwt dely Cape Passero 20/23
Apr
5/7
months trading redel worldwide $45250 daily - CTP 'Pos Courage' 2004 76600
dwt dely ZHoushan 17/20 Apr 4.5/5.5 months trading redel worldwide $42500
daily - Bunge 'Anna' Baumarine relet 1999 75592 dwt dely Liverpool 17/19
Apr trip via Brazil redel China $48000 daily - Chinese 'Erato' 2004 74444
dwt dely Huelva 18/23 Apr trip via Ponta Da Madeira redel Bilbao $45000
daily - Armada 'Blumenau' CTP relet 2000 73992 dwt dely Bourgas 25/30 Apr
trip via Black Sea redel Aden-PMO $54000 daily - Alfred C.Toepfer 'Global
Harmony' 1997 73763 dwt dely Singapore-Japan rge May 1 years trading redel
worldwide $37000 daily - CTP 'Primera' 1998 72000 dwt dely Inchon 12/14 Apr
trip via NoPac redel Singapore-Japan rge $40500 daily - Cargill 'Humber'
1982 70912 dwt dely Rizhao 18/21 Apr trip via N.China redel Spain int
steels $32000 daily - Shine Star 'Kiran Aysa' 2005 66832 dwt dely PMO 18/24
Apr trip via Goa redel China $38000 daily - cnr 'Friendly Zhejiang' 1985
65427 dwt dely Kaohsiung 18/25 Apr trip via Indonesia redel S.Korea $27000
daily - Chokang 'Go Faith' 1984 65125 dwt dely Taiwan 3/7 May trip via
N.China redel Taiwan $33500 daily - Jin Yang 'Syros' 1981 63325 dwt dely
Cape Passero 18/21 Apr trip via EC South America redel Skaw-Cape Passero
$35000 daily - Bunge 'Georgia' 1982 63308 dwt dely Lisbon 14/18 Apr trip
via Brazil & Egypt redel Cape Passero $38000 daily - Noble 'Nyala' 2006
52424 dwt dely North China 22/25 April trip via Nopac redel Red Sea-Aden
approx $40000 daily nett - Copenship 'Achilles 1' 1984 37740 dwt dely
Nigeria 20/26 April 4/6 months trading redel worldwide $30700 daily - cnr

ORE
'Northgate' 160000/10 Saldanha/Zhanjiang 20/30 Apr $31.50 fio
90000sc/30000sc - Kumba

Subject: Dry cargo fixture summary - 17 April 2007

Subject: Dry cargo fixture summary - 17 April 2007


Dry cargo fixture summary - 17 April 2007

==========================


BDI Baltic Dry Index 5601 UP 39

BCI Baltic Capesize Index 8030 UP 83

BPI Baltic Panamax Index 5277 UP 17

BSI Baltic Supramax Index 3657 UP 18

BHSI Baltic Handysize Index 1823 UP 14

Timecharter

-----------

'Leonidas Warrior' 1987 183316 dwt dely Zhoushan 22'/24 Apr trip West

Australia redel China $73000 daily - Noble

'Chou Shan' 2005 175569 dwt dely Japan 1/5 May 1 years trading redel

worldwide $80000 daily - Shagang

'Cape Century' 2001 172683 dwt dely Beilun 27/30 Apr trip via West

Australia redel China $92000 daily - BHP Billiton - <fixed last week>

'Obeliks' 2000 170454 dwt dely Mailiao 24/27 Apr trip via West Australia

redel China $96500 daily - RTS

'Eurydice D' 1985 140532 dwt dely Taiwan 23/30 Apr trip via West

Australia redel China approx $72500 daily - BHP Billiton

'Mercedes' 1981 133357 dwt dely Mawan 2/5 May trip via Indonesia redel

China $35000 daily - Winning

'Iron Bill' 2006 82191 dwt dely China 1/10 May 9.5/11.5 months trading

redel worldwide $40250 daily - cnr

'Pistis' 1984 75631 dwt dely Bandar Abbas 19/21 Apr trip via India redel

China $41000 daily - Oldendorff

'Orsolina Bottilgieri' 2001 75413 dwt dely Hibikinada 21/22 Apr 11/13

months trading redel worldwide $39500 daily - Daiichi

'Anna' 2002 75162 dwt dely Philippines 22/24 Apr trip via Indonesia redel

Japan $47500 daily - Daiichi

'Bremen Max' 1993 74684 dwt dely China 19/21 Apr 1 years trading redel

worldwide $37500 daily - Cosco Tianjin

'Beauty Donor' 1997 73767 dwt dely China 15/30 May 11/13 months trading

redel worldwide $37500 daily - CTP

'Red Nacre' STX Pan Ocean relet 1999 73739 dwt dely Zhanjiang 26/28 Apr

5/7 months trading redel worldwide $41000 daily - Norden

'Edelweiss' 2004 73264 dwt dely Recalada 10/15 May trip redel Far East

approx $46000 daily & $1.025 million bb - Alfred C.Toepfer

'Aleslevada' 1990 70366 dwt dely retro Bin Qasim 11 Apr trip via EC South

America redel Singapore-Japan rge $40750 daily - cnr

'Iguana' 1996 70349 dwt dely retro Rizhao 13 Apr trip via EC Australlia

redel Japan $39000 daily - Japanese chrtr

'Consul Poppe' 1995 68591 dwt dely Cape Passero 20/21 Apr 2 laden legs

redel Atlantic $37800 daily - Cobelfret

'Golden Glory' 1990 65651 dwt dely Jorf Lasfar 19/22 Apr trip via EC

South America redel Singapore-Japan rge $41000 daily - grain house -

<recent>

'Dubai Knight' 2007 55500 dwt dely Chennai 17/22 April trip via East

Coast India redel China $38000 daily - Glory Trans

'Frieda Selmer' 2004 55178 dwt dely Black Sea 24/26 April trip via PG

Redel PMO $42000 daily - cnr

'Sea Luck' 1995 45429 dwt dely West Coast Italy 25 April/5 May 5/7 months

trading redel worldwide $35000 daily - MUR

'Clipper Target' 2006 30634 dwt dely Lagos 24/26 April trip via East

Coast South America redel Continent $31000 - Bunge

'Stentor' 2006 28445 dwt dely Port Kelang spot trip via Australia redel

Singapore-Japan $25000 daily - cnr

'Global Alliance' 2004 28436 dwt dely Morocco 20/25 April 2/3 laden legs

redel worldwide $28000 daily - Bunge

Coal

----

'Gianni D' 60000/10 Norfolk/Annaba 14/16 Apr $29.00 fio 25000sc/12000sc -

Mittal

Wednesday, April 18, 2007

Daily Summary of Baltic Exchange Dry Indices 12.apr.07

Daily Summary of Baltic Exchange Dry Indices

12 April 2007

Baltic Exchange Dry Index TM 5546 (DOWN 10)

Baltic Exchange Capesize Index TM 7990 (DOWN 96)

Baltic Exchange Panamax Index TM 5248 (UP 22)

Baltic Exchange Supramax Index TM 3577 (UP 30)

Baltic Exchange Handysize Index TM 1785 (UP 11)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $92965 (DOWN 1325)

BPI Average of the T/C routes $42399 (UP 175)

BSI Average of the T/C routes $37397 (UP 304)

BHSI Average of the T/C routes $26154 (UP 139)

Baltic Exchange Capesize Index 7990 (DOWN 96)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 27.425 -0.065

C3 150000mt Tubarao - Beilun/Baoshan 15 45.959 -0.255

C4 150000mt Richards Bay - Rotterdam 5 24.300 -0.275

C5 150000mt W Australia - Beilun/Baoshan 15 19.660 -0.385

C7 150000mt Bolivar - Rotterdam 5 28.155 -0.065

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 103450 -690

C9_03 172000mt Continent/Mediterranean trip Far East 5 113682 -1295

C10_03 172000mt Pacific RV 20 89864 -1981

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 64864 -1331

C12 150000mt Gladstone - Rotterdam 10 32.459 -0.236

Average of the T/C Routes 92965 -1325

Baltic Exchange Panamax Index 5248 (UP 22)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 43663 153

P2A_03 74000mt SKAW-GIB/FAR EAST 25 46125 305

P3A_03 74000mt Japan-SK/Pacific/RV 25 41743 71

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 38066 171

Average of the T/C Routes 42399 175

Baltic Exchange Handysize Index 1785 (UP 11)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 21250 114

HS2 Skaw - Passero trip Boston - Galveston 12.5 22079 100

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 35931 218

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 30961 750

HS5 SE Asia trip via Australia to Singapore - Japan 25 25493 -36

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24014 3

Average of the T/C Routes 26154 139

Baltic Exchange Supramax Index 3577 (UP 30)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 37616 202

S1B Canakkale Trip Far East 12.5 36463 253

S2 Japan - SK / NOPAC or Australia rv 25 36744 248

S3 Japan - SK Trip Gib - Skaw range 25 35918 275

S4A US Gulf - Skaw-Passero 12.5 50953 808

S4B Skaw-Passero - US Gulf 12.5 28825 130

Average of the T/C Routes 37397 304

S6 Jpn-SK trip via Aus/India 0 38111 281

Dry cargo fixture summary - 12 April 2007

Subject: Dry cargo fixture summary - 12 April 2007


Dry cargo fixture summary - 12 April 2007

==========================


BDI Baltic Dry Index 5546 DOWN 10

BCI Baltic Capesize Index 7990 DOWN 96

BPI Baltic Panamax Index 5248 UP 22

BSI Baltic Supramax Index 3577 UP 30

BHSI Baltic Handysize Index 1785 UP 11

Timecharter

-----------

'Harumatou' 2004 177243 dwt dely Kashima ppt 12 months trading redel

worldwide $78500 daily - TMT

'Pantelis SP' 1999 169883 dwt dely Far East Feb/Mar 2008 4 years trading

redel worldwide $50000 daily - Glory Wealth

'Anangel Splendour' Bocimar relet 1993 161587 dwt dely Oita 19/21 Apr

trip via Indonesia redel UKC $55000 daily option via West Australia redel

UKC $60000 daily - SK Shipping

'Ocean Dragon' 1997 150159 dwt dely retro Maijisan 7 Apr trip via

Richards Bay redel Continent $45500 daily option redel Spain $43000 daily

- Swiss Marine

'Yasa Fortune' 2006 82849 dwt dely Kinuura 12/14 Apr trip via EC

Australia redel Japan $44750 daily - NYK

'Filomena Lembo' 2006 82790 dwt dely Fukuyama 16/18 Apr trip via

Australia redel Taiwan $44000 daily - China Steel Express

'Fortune Ocean' STX Pan Ocean relet 2006 76801 dwt dely Jintangang 12/14

Apr 5/7 months trading redel worldwide $41500 daily - Swiss Marine

'Pantazis L' Sinochart Europe relet 2003 76629 dwt dely Cape Passero

20/22 Apr 1 year redel worldwide $41000 daily - cnr

'Salvatore Cafiero' 2001 75688 dwt dely Continent ppt trip via Narvik

redel Black Sea $46000 daily - MOSK

'Anna' 2002 75162 dwt dely Worldwide May 12 months trading redel

worldwide $37000 daily - MOSK

'Thalia' 2001 75120 dwt dely retro Jorf Lasfar 5 Apr trip via River Plate

redel Spain $44000 daily - Transgrain

'Lilian Z' GMI relet 1999 74461 dwt dely retro Cape Passero 7 Apr 2 laden

legs redel Atlantic $43500 daily - Cobelfret

'Nereid' 2001 74295 dwt dely Immingham 18/20 Apr trip via Murmansk redel

Spain $44000 daily - EdF

'Greta R' 1989 68772 dwt dely China 20/23 Apr 4/6 months redel worldwide

$38500 daily - Norden

'Glorious Rena' 1987 68337 dwt dely Shanghai 1/5 May 6/8 months trading

redel worldwide $36500 daily - United

'Artaki' 1994 66865 dwt dely Central Med spot trip via Brazil redel Skaw-

Cape Passero $34500 daily - Worthington

'Wadi Alkarnark' 1997 64214 dwt dely Damietta 18/21 Apr 3/5 months

trading redel worldwide $40000 daily - Bunge - <recent>

'Azure' 1982 64200 dwt dely Shanghai 7/10 Apr trip via N.China redel

Skaw-Cape Passero $31000 daily - STX Pan Ocean

'Arya Payk' Eastern Ocean relet 2006 53000 dwt dely PMO 20/30 April trip

via India redel Singapore-Japan $31000 daily - Chinese charterer

'Tarsus' 2001 52180 dwt dely Visakhapatnam 14/16 April trip redel China

$36000 daily - IMR

'Genco Marine' 1996 45222 dwt dely Nemrut 14/18 April 2 laden legs via AG

redel Singapore-Japan approx $37500 daily - Turkish charterer

'Captainyannis L' 1995 43683 dwt dely USGulf 20/25 April trip redel Med

$47000 daily - Energy

'Hanjin Antwerp' 1996 27209 dwt dely Vitoria 13/16 April trip redel

Morocco $25000 daily + $375000 bb - Cargill

Ore

---

'Pacific Bulk TBN' 150000/10 Ponta da Madeira/Beilun 1/15 May $45.50 fio

scale/30000sc - Wugang Steel

'Mineral China' 2003 150000/10 Port Hedland/Qingdao 11/20 Apr $19.50 fio

scale/25000sc - Shagang

'Castillo de San Juan' 1990 150000/10 Port Cartier/Rotterdam 1/10 May

approx $21.00 fio 7 days sc - TKS

'CHS Magnificence' 2006 150000/10 Esperance/China 11/20 Apr $19.50 fio

scale/25000sc - Nanjing Steel

'Yiosonas' 1992 140000/10 Saldanha/Port Talbot 5/12 May $25.00 fio 7 days

sc - Corus

'Longdar' 1983 70000/10 St.Lawrence/China 11/14 Apr $46.00 fio

scale/25000sc - Chinese

Coal

----

'CSE TBN' 1500000/10 Roberts Bank/Kwangyang a/o Pohang 1/15 May $24.60

fio 50000sc/45000sc - POSCO

Dry cargo fixture summary - 13 April 2007

Subject: Dry cargo fixture summary - 13 April 2007


Dry cargo fixture summary - 13 April 2007

==========================


BDI Baltic Dry Index 5553 UP 7

BCI Baltic Capesize Index 7960 DOWN 30

BPI Baltic Panamax Index 5254 UP 6

BSI Baltic Supramax Index 3613 UP 36

BHSI Baltic Handysize Index 1797 UP 12

Timecharter

-----------

'Sideris GS' 2006 175000 dwt dely Sines 3/5 May balance of period 2.5/4

months redel worldwide approx $105000 daily - Shagang

'Paschalis D' 2002 169200 dwt dely retro Japan 17 Mar 2 laden legs redel

worldwide $70000 daily - Transfield

'Ocean Lord' 2005 82977 dwt dely Cape Passero 8 Apr trip via Brazil &

Libya redel Cape Passero $47000 daily - Lalemant - <fixed a week ago>

'Tai Promotion' 2004 77834 dwt dely Tanjung Bin 19/21 Apr trip via West

Australlia redel Continent int mineral sands & concentrates $45000 daily

- Hudson

'Pantazis L' Sinochart Europe relet 2003 76629 dwt - <reported 12/04

charterer is Shagang and the correct rate $41500 daily>

'Navios Star' NCS relet 2002 76620 dwt dely Taiwan 17/24 Apr trip via EC

Australia redel Taiwan $40750 daily - U Ming

'Maritime Lijiang' 2006 76302 dwt geared dely Xingang 20/30 Apr 30/40

days duration redel Singapore-Japan rge $47500 daily - cnr

'Red Gardenia' CTP relet 2005 76294 dwt dely Taiwan spot 2 laden legs

redel Singapore-Japan rge $44000 daily - Panoceanic

'Waikiki' 1995 75339 dwt dely PMO 17/23 Apr trip via WC India redel China

$43000 daily - cnr

'Fortune Lady' 1998 74694 dwt dely Mauban 25/28 Apr trip via Indonesia

redel Hong Kong $43000 daily - BHP Billiton

'Tian Yang Feng' 2000 74027 dwt dely Rotterdam 19/23 Apr trip via Narvik

redel Turkey $46000 daily - MOSK

'Alabama' Swiss Marine relet 1998 74002 dwt dely Piombino 14/17 Apr trip

via EC South America redel China $46000 daily - Dreyfus

'Miden Max' Swiss Marine relet 1993 73767 dwt dely Antwerp ppt 1/2 laden

legs EC South America redel Singapore-Japan rge $45750 daily - Dreyfus

'Tai Profit' 2001 73105 dwt dely N.China 21/23 Apr trip via West

Australia redel Singapore-Japan rge $41000 daily - S.Korean chrtr

'Genco Surprise' 1998 72495 dwt dely Mississippi River 19/27 Apr trip

redel China $41000 daily + $700000 bb - Dreyfus

'Wadi Sudr' 1994 70031 dwt dely Nha Trang, Vietnam 16/19 Apr 2 laden legs

redel worldwide $41000 daily - North China Shipping

'Grand Rodosi' 1990 68788 dwt dely Tarragona 15/20 Apr trip via Kamsar

redel Skaw-Cape Passero $44000 daily - Oldendorff

'Natalie' 1981 64911 dwt dely PMO 22/28 Apr trip via India redel China

$31500 daily - Noble

'Valentini H' 1980 61418 dwt dely Jebel Ali 17/20 Apr trip via Goa redel

China $31000 daily - Fremery

'Kang Hong' 2005 55589 dwt dely Wakayama 12/15 April 5/7 months trading

redel worldwide $35500 daily - Daewoo

'Filia Gem' 2005 53702 dwt dely Far East 10/30 May 3 years trading redel

worldwide average rate approx $26850 daily - Korea Line

'Nord Wave' 2005 53489 dwt dely Nigeria 20/30 April trip via East Coast

South America redel Singapore-Japan $42000 daily - cnr

'Sanko Galaxy' 2005 52980 dwt dely USGulf spot trip redel Singapore-Japan

approx $51500 daily - Bunge

'E.Duckling' 2001 52061 dwt dely North China 28 April/7May trip redel Med

$39400 daily - Carbofer

'Kang Yuan' 2002 50467 dwt dely Zhoushan 23/25 April 5/7 months trading

redel worldwide $36500 daily - STX Pan Ocean

'Clementine' 2004 50238 dwt dely Pipavav spot trip redel China $34500

daily - Chinese charterer

'Hulk' 1995 46601 dwt dely Mississippi River 23/25 April min 3/max 4

months trading redel worldwide $39500 daily - Korean charterer

'Dubai Faith' 1996 45681 dwt dely Jacksonville 13/17 April trip via

USGulf redel Spain $48000 daily - Norden

'Zhong Hai' 1996 45178 dwt dely Xingang spot 3/5 months trading redel

worldwide $34500 daily - Samsun Freight Europe

'Nikolaos' 1984 34544 dwt dely Nigeria spot trip redel Cont $28500 daily

- Oldendorff

'Fiesta' 1998 29500 dwt dely Houston 26/30 April trip redel North Cont

$34000 daily - Norden

Ore

---

'CSK Enterprise' 1997 150000/10- Tubarao/Ijmuiden 3/10 May $29.25 fio 7

days sc - Corus

'Neu TBN' 150000/10 Port Cartier/Port Talbot 3/8 May $20.95 fio 6 days sc

- Corus

Coal

----

'RWE TBN' 150000/10 Rchards Bay/Rotterdam 5/19 May $23.50 fio

scale/25000sc - Cargill

Daily Summary of Baltic Exchange Dry Indices 11.apr.07

Daily Summary of Baltic Exchange Dry Indices

11 April 2007

Baltic Exchange Dry Index TM 5556 (UP 4)

Baltic Exchange Capesize Index TM 8086 (DOWN 36)

Baltic Exchange Panamax Index TM 5226 (UP 33)

Baltic Exchange Supramax Index TM 3547 (UP 17)

Baltic Exchange Handysize Index TM 1774 (DOWN 2)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $94290 (DOWN 501)

BPI Average of the T/C routes $42224 (UP 273)

BSI Average of the T/C routes $37093 (UP 183)

BHSI Average of the T/C routes $26015 (DOWN 32)

Baltic Exchange Capesize Index 8086 (DOWN 36)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 27.490 -0.030

C3 150000mt Tubarao - Beilun/Baoshan 15 46.214 -0.086

C4 150000mt Richards Bay - Rotterdam 5 24.575 -0.400

C5 150000mt W Australia - Beilun/Baoshan 15 20.045 -0.125

C7 150000mt Bolivar - Rotterdam 5 28.220 -0.015

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 104140 -310

C9_03 172000mt Continent/Mediterranean trip Far East 5 114977 -773

C10_03 172000mt Pacific RV 20 91845 -428

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 66195 -496

C12 150000mt Gladstone - Rotterdam 10 32.695 -0.246

Average of the T/C Routes 94290 -501

Baltic Exchange Panamax Index 5226 (UP 33)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 43510 230

P2A_03 74000mt SKAW-GIB/FAR EAST 25 45820 260

P3A_03 74000mt Japan-SK/Pacific/RV 25 41672 262

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 37895 342

Average of the T/C Routes 42224 273

Baltic Exchange Handysize Index 1774 (DOWN 2)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 21136 50

HS2 Skaw - Passero trip Boston - Galveston 12.5 21979 43

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 35713 238

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 30211 294

HS5 SE Asia trip via Australia to Singapore - Japan 25 25529 -339

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24011 -103

Average of the T/C Routes 26015 -32

Baltic Exchange Supramax Index 3547 (UP 17)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 37414 66

S1B Canakkale Trip Far East 12.5 36210 66

S2 Japan - SK / NOPAC or Australia rv 25 36496 250

S3 Japan - SK Trip Gib - Skaw range 25 35643 218

S4A US Gulf - Skaw-Passero 12.5 50145 295

S4B Skaw-Passero - US Gulf 12.5 28695 95

Average of the T/C Routes 37093 183

S6 Jpn-SK trip via Aus/India 0 37830 353

The route(s) below do not form part of the index calculation

S5 Trial-W.Africa via ECSA to FarEast 0 40141 168

Wednesday, April 11, 2007

Dry cargo fixture summary - 10 April 2007

Dry cargo fixture summary - 10 April 2007

==========================


BDI Baltic Dry Index 5552 UP 20

BCI Baltic Capesize Index 8122 UP 5

BPI Baltic Panamax Index 5193 UP 45

BSI Baltic Supramax Index 3530 UP 16

BHSI Baltic Handysize Index 1776 NO CHANGE

Timecharter

-----------

'Azul Frontier' 2003 177253 dwt dely Chiba 15/20 Apr trip via EC

Australia redel Skaw-Cape Passero $67000 daily - Corus

'Lowlands Phoenix' 2004 177036 dwt dely Yura 11/12 Apr trip via Australia

redel Japan $92000 daily - Japanese

'Fernandina' 2006 174204 dwt dely Ijmuiden spot trip via Port Cartier &

Turkey redel Cape Passero $120000 daily - Cerraghil

'Alam Pesona' 2005 87052 dwt dely Taichung 16/18 Apr trip via Indonesia

redel Taiwan $43500 daily - CSE

'Iron Kalypso' Anglo Swiss relet 2006 82191 dwt dely Cape Passero 11/13

Apr 11/13 months trading redel worldwide $41500 daily - Cosbulk

'Red Jasmine' CTP relet 2006 76596 dwt dely N.China 9/11 Apr trip via

NoPac redel Singapore-Japan rge $42500 daily - Cargill

'Bellflower' 2004 76423 dwt dely PMO 14/16 Apr period min/max 28 Aug/28

Sept redel worldwide $42000 daily - TMT

'Eleftheria' 2001 76091 dwt dely Ghent 8 Apr 2 laden legs redel Atlantic

$44000 daily - PCL

'F.D. Cris de Angelis' 2007 74500 dwt dely S.Japan 1/5 May 9/11 months

trading redel worldwide $37000 daily - Daebo

'Alitis' 2002 53094 dwt dely Shanghai 7/13 April trip via Indonesia with

nickle ore redel Singapore-Japan $40000 daily - Uniocean - <corrects trip

description and adds charterer to 05/04 report>

'Osprey 1' 2001 50212 dwt dely Navlakhi 20 April/10 May 1 years trading

redel worldwide $32000 daily - STX Pan Ocean

'Legend Phoenix' 2002 50209 dwt dely Ilichevsk 11/12 April trip via Black

Sea redel USGulf $26000 daily - Western Bulkcarriers

'Alfie' 1986 40864 dwt 12 on 23 + 1.5 dely North China 16/26 April trip

redel Med min 60 days $31000 daily - China Ocean Transport

Ore

---

'TBN' 150000/10 Ponta da Madeira/Qingdao 27 Apr/6 May $49.00 fio

scale/CQD - Laiwu Steel

'Pos Courage' 2004 70000/10 Ponta da Madeira/Iskenderun 20 Apr/5 May

$31.00 fio scale/25000sc - AGN Bulk Transport - <corrects 5/04 report of

ship fixing on timecharter>

'Norden TBN' 70000/10 Ponta da Madeira/Iskenderun 20 Apr/5 May $31.00 fio

scale/25000sc - AGN Bulk Transport

Coal

----

'Alkman' 1985 70000/10 Mobile/Iskenderun 18/27 Apr $35.50 fio

20000sc/20000sc - AGN Bulk Transports

Tuesday, April 10, 2007

The Daily Fixtures Report - 05/04/2007


The Daily Fixtures Report - 05/04/2007
-------------------------

BDI 5532 UP 45
BCI 8117 UP 89
BPI 5148 UP 51
BSI 3514 UP 11

TIMECHARTER
'Xinsheng Hai' 1989 182008 dwt dely Dalian 10/20 Apr 6/8 months trading
redel worldwide $78000 daily - Glory Wealth 'Jean LD' 2005 173000 dwt dely
Gijon 19/21 Apr transatlantic round voyage redel Skaw-Cape Passero $105000
daily - Kleimar 'Mineral Sines' 2002 172319 dwt dely Rotterdam 1/5 May
transatlantic round voyage redel Skaw-Cape Passero $105000 daily - Kleimar
'Cape Awoba' 1996 171798 dwt dely Far East end May 4/6 months trading redel
worldwide $82500 daily - cnr 'Marvellous' Coscobulk relet 2000 169150 dwt
dely Cape Passero 21/24 Apr trip via Brazil redel Japan $116500 daily - 'K'
Line 'Front Breaker' Coscobulk relet 1991 169146 dwt obo dely Haili 22/24
Apr in d/ci trip via West Australia redel China $84000 daily - BHP Billiton
'Anangel Solidarity' Cosco Tianjin relet 1993 161545 dwt dely S.Korea mid
Apr trip via Australia redel Far East $85000 daily - cnr 'Yiosonas' 1992
135364 dwt dely Huangpu 12/17 Apr in d/c 5/7 months trading redel worldwide
$55000 daily - Swiss Marine 'Gina Iuliano' 1990 122829 dwt dely S.Korea ppt
trip via Australia redel S.Korea $60000 daily - Constellation - 'Yasa
Pioneer' 2006 82787 dwt dely Samcheonpo 4/6 Apr trip via Roberts Bank
redel Taranto $41000 daily - CTP 'Adaro' 1983 82152 dwt dely Antwerp 10/13
Apr trip via Brazil redel China $42000 daily - cnr 'Pos Courage' 2004 77684
dwt dely Fos 10/13 Apr trip via EC South America redel Skaw-Cape Passero
$46000 daily - cnr
'Fortune Ocean' 2006 76801 dwt dely Jintang - is STX Pan Ocean>
'CMB Laetitia' Sincohart relet newbuilding 76000 dwt dely ex yard Jianghan
17/19 Apr 11/13 months trading redel worldwide $37500 daily - Worldlink
'Pasquale Della Gatta' 1996 75473 dwt dely Xingang 10/15 Apr 11/13 months
trading redel worldwide $36000 daily - Giuseppe Bottiglieri 'Raffaele
Iuliano' 1995 75300 dwt dely Xingang 16/22 Apr 5/7 months trading redel
worldwide $40250 daily - Norden 'Danae' Hanjin relet 2001 75106 dwt dely
Hibikinada 20/30 Apr 1 years trading redel worldwide approx $37000 daily -
Daeyang 'Aldebaran' CTP relet 2000 74677 dwt dely Taiwan 13/15 Apr trip
via Indonesia redel Taiwan $39600 daily - D'Amico - 'Isminaki' 1998 74577
dwt dely Japan 10/20 Apr 2 years trading redel worldwide $32000 daily -
Hanjin 'Alpha Harmony' 2001 74492 dwt dely Rizhao 17/20 Apr 4/6 months
trading redel worldwide $40750 daily basis 3.75% - Cargill 'Medi Roma' 2001
74356 dwt dely Hamburg 13/17 Apr trip via Narvik redel Hansaport $43500
daily - Transfield 'Chorus' 2001 74269 dwt dely Goa 10/14 Apr trip redel
China $41000 daily - Wylex 'Navios Galaxy 1' 2001 74195 dwt dely Muroran
12/14 Apr trip via NoPac redel Singapore-Japan rge $44000 daily - Dreyfus
'Africa Graeca' 2002 74133 dwt dely Qingdao 8/13 Apr 5/7 months trading
redel worldwide $40000 daily - Cargill 'Red Nacre' 1999 73739 dwt dely
Shanghai 26 Apr/12 May 11/13 months trading redel worldwide $37000 daily -
STX Pan Ocean 'Orleta Lwowskie' 2001 73505 dwt dely Yangjian 22/24 Apr 2
years trading redel worldwide $29000 daily - Sinochart 'Ioannis Zafirakis'
2004 73305 dwt dely Amsterdam 7/10 Apr trip via EC South America redel
Skaw-Cape Passero approx $43000 daily option redel Far East $45000 daily -
Bunge 'Sanmar Paragon' 1996 73080 dwt dely retro Portbury 2 Apr trip via
Orinoco redel Continent $40000 daily - CTP - 'New Irene' 1997 72940 dwt
dely Inchon 15/17 Apr via Xingang redel Continent $33500 daily - Oldendorff
'Alpha Happiness' 1999 72893 dwt dely Fos 4/7 Apr trip via EC South
America redel Skaw-Cape Passero $42750 daily total 3.75% - Cargill
'Christina IV' 2000 72493 dwt - Qingdao>
'Mercury K' 1997 72421 dwt dely Shanghai 9/13 Apr trip via EC Australia
redel Japan $41000 daily - Mitsubhishi Corp 'Samjohn Light' 1994 71756 dwt
dely San Nicolas 1/10 May trip via River Plate redel Singapore-Japan rge
$44000 daily plus $1.0 million bb - Cosco 'Capitano Giovanni' 1995 71119 dwt
dely Port Kelang 16/22 Apr 5/7 months trading redel worldwide $41000 daily -
Norden 'Endurance II' ex Estepona Rizzo-Bottiglieri-De Carlini Armatori
relet
1994
70003 dwt dely dop Praia Mole 10/18 Apr period up to min 6 Aug/6 Sept
2007
redel worldwide $42750 daily + $800000 bb - Bunge 'Joyous Age' 1994 69271
dwt dely Cape Passero spot 2 laden legs redel worldwide $40500 daily - cnr
'Alitis' Eastern Ocean relet 2002 53094 dwt dely Shanghai 7/13 April trip
via Philippines redel Singapore-Japan $40000 daily - Chinese charterer 'Cos
Lucky' 2003 52395 dwt dely Japan 7/10 April abt 6/7 months trading redel
worldwide approx $35000 daily - Oceanbulk 'Jin Hui' 2000 50733 dwt dely
USGulf spot trip redel Singapore-Japan approx $44500 daily - cnr 'Kang
Yuan' 2002 50467 dwt dely Xingang 14/20 April 9/11 months trading redel
worldwide $32000 daily - Daeyang 'Yare' 1985 37568 dwt dely Rotterdam 18/22
April trip via UKCont redel East Med $34000 daily - EMR 'Fenix' 1985 30027
dwt dely USGulf 14/16 April 5/6 months trading redel worldwide $28000 daily
- cnr

COAL
'Paciific Explorer' 2007 160000/10 Richards Bay/Rotterdam 1/10 May
$25.25 fio
scale/25000sc - CTM
'Great Bless' 1997 70000/10 Hampton Roads/Immingham 4/10 Apr $23.25 fio
5 days
sc - Corus

GRAIN
'Baltic Bulker' 25000/10 corn US Gulf/Algeria 12/20 April $56.00 fio 4 days
sc/4500 sx - ADM - 'Great Mary' 25000/10 Wheat Houston/Casablanca 6/10 April
$49.00 fio 8000sc/4000sx - Dreyfus -

The Daily Fixtures Report - 04/04/2007


The Daily Fixtures Report - 04/04/2007
-------------------------

BDI 5487 UP 48
BCI 8028 UP 99
BPI 5097 UP 52
BSI 3503 UP 9

TIMECHARTER
'Fantastiks' 2005 180265 dwt dely Cape Passero spot trip via Brazil redel
China $115000 daily - STX Pan Ocean 'Shagang First' 2006 177656 dwt dely
Baoshan 21/24 Apr trip via West Australia redel China $92500 daily - BHP
Billiton 'Mineral Capeasia' 2005 175000 dwt dely Haili 1/5 Apr 5/6 months
trading redel worldwide $80000 daily - RTS 'Martzoukas A' 1995 161425 dwt
dely S.Japan 20/27 Apr trip via West Australia redel China $82500 daily -
BHP Billiton 'Martha Verity' to be renamed 1995 157991 dwt dely worldwide
June/July
2007 3
years trading redel worldwide $49000 daily - cnr 'Agility' 1989 152065 dwt
dely China 16/22 Apr trip via West Australia redel China $70000 daily
option 12 months trading $60000 daily - RTS 'GH Resources' 1990 124000 dwt
dely Mailiao 10/20 May 4/6 months trading redel worldwide $55000 daily - STX
Pan Ocean 'Billion Trader 2' 2007 82800 dwt dely Trincomalee 19/21 Apr
10/14 months trading redel worldwide $40000 daily - Goldbeam - 'Michele
Iuliano' 2003 82551 dwt dely Fos 6/9 Apr trip via Ponta da Madeira redel
China $49500 daily - Noble 'Te Ho' 2004 77834 dwt dely Taiwan 15/30 Apr 5/7
months trading redel worldwide $41000 daily - Norden 'Giuseppe Rizzo' 2004
77684 dwt dely Immigham 6/8 Apr trip via Murmansk redel UKC $43500 daily -
Atlas Bulk Shipping 'Fortune Ocean' 2006 76801 dwt dely Jintsang Gan 13/15
Apr balance of period until 1 Mar-1 Apr 2008 redel worldwide $38000 daily -
cnr 'Ocean Minerva' 2007 75698 dwt dely Jebel Ali 6/8 Apr trip via EC
South America redel Far East $40000 daily - cnr 'Nordmosel' 2001 75323 dwt
dely Fukuyama 11/15 Apr trip via Long Beach redel Japan int petcoke $41500
daily 1st 40 days $45000 daily balance - MOSK
- a rate>
'Salandi' 1999 74502 dwt dely Cape Passero 7/9 Apr trip via EC South
America redel Skaw-Cape Passero $43000 daily option redel Far East $45000
daily
- Bunge
'Alpha Afovos' 2001 74427 dwt dely Nantong 11/14 Apr 4/6 months trading
redel worldwide $40500 daily - Bunge 'Clipper Monarch' 2000 74381 dwt dely
Shanghai 9/12 Apr trip via Indonesia redel Japan $40000 daily - NYK
'Atlantic Eagle' 2001 74085 dwt dely Bedi 6/10 Apr 11/13 months trading
redel worldwide $38000 daily - cnr 'Genco Vigour' 1999 73941 dwt dely
Hamburg 8/12 Apr trip via USEC redel Rotterdam $39750 daily - PCL
'Marietta' 2004 73641 dwt dely Carboneras 3/10 Apr trip via Kamsar redel
Stade $44000 daily - Oldendorff 'Linda Leah' GMI relet 1997 73317 dwt dely
Cape Passero 4/6 Apr 11/12 months trading redel worldwide $38250 daily -
MOSK 'Genco Acheron' 1999 72495 dwt dely Huelva 12/15 Apr 2 laden legs
redel Skaw-Cape Passero $43500 daily - cnr 'Christina IV' Dreyfus relet 2000
72493 dwt dely retro Valencia 31 Mar trip via EC South America redel Far
East $45000 daily - Chinese chrtr 'Lopi Z' 1998 71982 dwt dely Lanshan
10/15 Apr 7/9 months trading redel worldwide $37000 daily - Daeyang 'B.
Asia' 1990 70424 dwt dely Paradip 14/16 Apr trip via India redel Far East
$43000 daily - cnr 'Pleione' 1996 70189 dwt dely Qinhuangdao 5/8 Apr trip
via NoPac redel S.Korea int grain $39000 daily - Dreyfus 'Lanikai' 1988
68670 dwt dely Cape Passero 10/15 Apr trip via EC South America redel Far
East $40500 daily - cnr 'Vega Rose' 2007 55500 dwt dely Kohsichang spot
trip via Indonesia redel Singapore-Japan $40000 daily - Eastern Ocean
'Seaboss' 2004 55426 dwt dely Yokkaichi 5/10 April balance period until 15
July/5 Sept 2007 approx $37500 daily - cnr 'Giovanni Topic' 2002 52154 dwt
dely PMO 3/4 April trip via India redel China $31000 daily - cnr 'Osprey 1'
2002 50215 dwt dely West Coast India 1/10 May 18 months trading redel
worldwide $30250 daily - SK Shipping 'Omer Kaptanoglu' 1984 34607 dwt dely
Dakar 7/10 April 3/5 months trading redel worldwide $27000 daily - PCL
'Ocean Harmony' 2004 32040 dwt dely Durban 20/25 April trip redel USGulf
$25000 daily - Island View Shipping

GRAIN
'Great Mary' 25000/10 wheat Houston/Casablanca 6/10 April $49.00 fio
8000sc/4000 sx - ADM 'Baltic Bulker' 25000/10 corn US Gulf/Algeria 12/20
April $56.00 fio 4 days sc/4500 sx - Dreyfus

Monday, April 09, 2007

Dry cargo fixture summary - 02 April 2007


Dry cargo fixture summary - 02 April 2007

==========================

BDI Baltic Dry Index 5417 UP 29

BCI Baltic Capesize Index 7888 UP 78

BPI Baltic Panamax Index 5016 UP 13

BSI Baltic Supramax Index 3489 UP 7

BHSI Baltic Handysize Index 1775 NO CHANGE

Timecharter

-----------

'Southern Explorer' 2002 177493 dwt - <reported 30/03 the charterer is

STX Pan Ocean>

'Cape Shanghai' newbuilding 175000 dwt dely ex yard Shanghai 31 Mar/2 Apr

trip via West Australia redel China $87500 daily - cnr

'Glorius' 2004 171320 dwt dely China in d/c 20/30 Apr 1 years trading

redel worldwide approx $75000 daily - BHP Billiton

'Coppersmith' 1995 149735 dwt dely Oita 4/6 Apr trip via West Australia

redel Japan $74000 daily - Shinwa

'Amazon' 1990 149494 dwt dely Algeciras 16/21 Apr trip via Ponta Da

Madeira redel China $100000 dailly - Glory Wealth

'Royal Breeze' 2002 76679 dwt dely retro Santander 28 Mar trip via Brazil

redel China $44900 daily - Pioneer Metals

'Maritime Suzana' Dreyfus relet 2005 76619 dwt dely Praia Mole 14/16 Apr

trip via Brazil redel China $45000 daily + $825000 bb - Pioneer Metals

'CMB Laetitia' newbuilding 76000 dwt dely ex yard Jiangnan 19/21 Apr 1

years trading redel worldwide $35450 daily - Sinochart

'Danae' 2005 75348 dwt - <reported 30/03 the charterer is Atlas Bulk

Shipping>

'Amira' Golden Ocean relet 2001 74401 dwt dely Far East May 11/13 months

trading redel worldwide $34250 daily - Glory Wealth

'Cemtex Venture' Glencore relet 2003 73546 dwt dely Aden ppt trip via EC

South America redel Far East $42000 daily - Sinochart

'Hanjin Tacoma' 1994 70337 dwt dely Immingham 2/5 Apr trip via Murmansk

redel Continent $39000 daily - Atlas Bulk Shipping

'Theonikiki' 1984 65772 dwt dely PMO 6/9 Apr trip via WC India redel

China $30000 daily - Pacific Bulk

'SD Progress' 1989 65708 dwt dely Xiamen 8/12 Apr trip via Indonesia

redel Singapore-Japan rge $33000 daily - Sunwoo

'Dimitris Perrotis' 1984 64933 dwt dely Inchon 10/15 Apr 4/6 months

trading redel worldwide $31000 daily - Atlas Bulk Shipping

'Spar Canis' 2006 53565 dwt dely Fangcheng 15/25 April 1 years trading

redel worldwide $32000 daily - Farenco

'Pacific Mercury' 1996 49016 dwt dely Fukuyama 4/6 April trip via

Philippines redel China approx $36750 daily - Sinochart

'Bonasia' 2001 46509 dwt dely worldwide June/August 2007 2 years trading

redel worldwide approx $25500 daily - Korea Line

'Agia Sofia' 1982 35063 dwt dely Black Sea 31 Mar/2 Apr trip redel US

Gulf $17000 daily - Unicargo

'Pontoporos' 1984 29155 dwt 13 on 22+1.7 dely Mombasa 9/11 April trip via

South Africa redel UKCont approx $23000 daily - Island View Shipping

'Aonoble' 1994 27308 dwt 13 on 21+0.2 dely passing Aden 3/7 April trip

via South Africa redel USGulf approx $19250 daily - Oldendorff

Dry cargo fixture summary - 03 April 2007

Dry cargo fixture summary - 03 April 2007

==========================

BDI Baltic Dry Index 5439 UP 22

BCI Baltic Capesize Index 7929 UP 41

BPI Baltic Panamax Index 5045 UP 29

BSI Baltic Supramax Index 3494 UP 5

BHSI Baltic Handysize Index 1775 NO CHANGE

Timecharter

-----------

'Bulk Asia' 2001 170578 dwt dely Cape Passero 14/19 Apr trip via

Brazil redel Far East approx $115000 daily - STX Pan Ocean

'Dion' 1981 133752 dwt dely retro Rizhao 31 Mar trip via Chile redel

China $41000 daily - Transfield

'Ajax' 2006 77328 dwt dely Ijmuiden ppt 5/7 months trading redel

worldwide $41500 daily - Daeyang

'Century Star' 2003 75318 dwt dely Amsterdam trip via Brazil redel

China $47000 daily - Kingdom Shipping - <fixed mid last week>

'Samjohn Amity' 1998 74744 dwt dely Taiwan 25/30 Apr 11/13 months

trading redel worldwide $36500 daily - STX Pan Ocean

'Maddalena D'Amato' 2001 74710 dwt dely Fos 3/6 Apr trip via Brazil

redel China $47750 daily - Kingdom Shipping - <fixed end last week>

'Ageless' 2004 74500 dwt dely Haldia 10/15 Apr trip via EC India

redel China $40000 daily - Chinese

'Rule' 1999 73744 dwt dely Lisbon 19/21 Apr 1/2 laden legs via EC

South America redel Skaw-Cape Passero $44000 daily - Cargill -

<recent>

'Padre' Oldendorff relet 2004 73640 dwt dely Dunkirk 11/13 Apr trip

via Brazil redel Far East $44000 daily - Shourong

'Hai Huang Xing' 2005 73600 dwt dely Mundra 10/15 Apr 4.5/5.5 months

trading redel worldwide $40250 daily - Cosco

'Alpha Effort' 1999 72844 dwt dely Japan 17/25 Apr 4/6 months trading

redel worldwide $39000 daily - EdF Trading

'Ikan Salmon' 2003 53553 dwt dely Visakhapatnam 4/9 April trip redel

West Coast India $47000 daily - Ispat - <Duration about 10 to 12

days>

'Ince Inebolu' 2002 52376 dwt dely East Med 10/15 April trip via

Black Sea redel Singapore-Japan approx $36000 daily - cnr

'Furness Hartlepool' 2006 52200 dwt dely Hartlepool spot trip redel

South-East Asia approx $37500 daily - cnr - <recent>

'Power Ranger' 1996 45950 dwt dely Haldia 5/10 April trip redel China

$31000 daily - cnr

'Pacific Endeavor' 1992 43366 dwt dely dop Magdalla 6/11 Apr trip

redel China int ore $28600 daily - Five Seastar, Hong Kong

ORE

---

'Zodiac TBN' 170000/10 Panaji, WC India/Kwangyang and/or Pohang 15/29

Apr $22.45 fio 35000sc/55000sc - POSCO

COAL

----

'Fu Miin' Noble relet 1997 60000/10 Richards Bay/Jorf Lasfar 15/30

Apr $25.00 fio scale/22000sc - Bulk Trading

Daily Summary of Baltic Exchange Dry Indices 3.apr.07


Daily Summary of Baltic Exchange Dry Indices

3 April 2007

Baltic Exchange Dry Index TM 5439 (UP 22)

Baltic Exchange Capesize Index TM 7929 (UP 41)

Baltic Exchange Panamax Index TM 5045 (UP 29)

Baltic Exchange Supramax Index TM 3494 (UP 5)

Baltic Exchange Handysize Index TM 1775 (No change)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $93274 (UP 443)

BPI Average of the T/C routes $40741 (UP 243)

BSI Average of the T/C routes $36537 (UP 56)

BHSI Average of the T/C routes $26068 (DOWN 27)

Baltic Exchange Capesize Index 7929 (UP 41)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 27.315 0.045

C3 150000mt Tubarao - Beilun/Baoshan 15 45.841 0.014

C4 150000mt Richards Bay - Rotterdam 5 24.350 0.065

C5 150000mt W Australia - Beilun/Baoshan 15 19.280 0.120

C7 150000mt Bolivar - Rotterdam 5 27.985 0.075

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 104720 -60

C9_03 172000mt Continent/Mediterranean trip Far East 5 116295 45

C10_03 172000mt Pacific RV 20 86500 1409

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 65582 377

C12 150000mt Gladstone - Rotterdam 10 32.605 0.078

Average of the T/C Routes 93274 443

Baltic Exchange Panamax Index 5045 (UP 29)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 42570 207

P2A_03 74000mt SKAW-GIB/FAR EAST 25 44925 125

P3A_03 74000mt Japan-SK/Pacific/RV 25 39623 423

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 35845 216

Average of the T/C Routes 40741 243

Baltic Exchange Handysize Index 1775 (NO CHANGE)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20871 121

HS2 Skaw - Passero trip Boston - Galveston 12.5 21736 100

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 35094 100

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 29322 266

HS5 SE Asia trip via Australia to Singapore - Japan 25 26357 -122

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24404 -282

Average of the T/C Routes 26068 -27

Baltic Exchange Supramax Index 3494 (UP 5)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 36939 44

S1B Canakkale Trip Far East 12.5 35998 13

S2 Japan - SK / NOPAC or Australia rv 25 35692 163

S3 Japan - SK Trip Gib - Skaw range 25 34886 75

S4A US Gulf - Skaw-Passero 12.5 49748 -67

S4B Skaw-Passero - US Gulf 12.5 28452 -23

Average of the T/C Routes 36537 56

S6 Jpn-SK trip via Aus/India 0 36864 100

The route(s) below do not form part of the index calculation

S5 Trial-W.Africa via ECSA to FarEast 0 39395 75

Daily Summary of Baltic Exchange Dry Indices 30/Mar.07


Daily Summary of Baltic Exchange Dry Indices

30 March 2007

Baltic Exchange Dry Index TM 5388 (UP 33)

Baltic Exchange Capesize Index TM 7810 (UP 109)

Baltic Exchange Panamax Index TM 5003 (DOWN 3)

Baltic Exchange Supramax Index TM 3482 (UP 6)

Baltic Exchange Handysize Index TM 1775 (DOWN 2)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $91997 (UP 1091)

BPI Average of the T/C routes $40399 (DOWN 27)

BSI Average of the T/C routes $36413 (UP 69)

BHSI Average of the T/C routes $26108 (DOWN 31)

Baltic Exchange Capesize Index 7810 (UP 109)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 27.150 0.105

C3 150000mt Tubarao - Beilun/Baoshan 15 45.668 0.154

C4 150000mt Richards Bay - Rotterdam 5 24.130 0.410

C5 150000mt W Australia - Beilun/Baoshan 15 18.895 0.510

C7 150000mt Bolivar - Rotterdam 5 27.725 0.115

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 104525 75

C9_03 172000mt Continent/Mediterranean trip Far East 5 115864 -136

C10_03 172000mt Pacific RV 20 83000 2918

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 64600 1509

C12 150000mt Gladstone - Rotterdam 10 32.341 0.277

Average of the T/C Routes 91997 1091

Baltic Exchange Panamax Index 5003 (DOWN 3)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 42300 -8

P2A_03 74000mt SKAW-GIB/FAR EAST 25 44550 12

P3A_03 74000mt Japan-SK/Pacific/RV 25 39162 -14

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 35584 -100

Average of the T/C Routes 40399 -27

Baltic Exchange Handysize Index 1775 (DOWN 2)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20550 100

HS2 Skaw - Passero trip Boston - Galveston 12.5 21521 107

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 34844 125

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 28917 17

HS5 SE Asia trip via Australia to Singapore - Japan 25 26643 -121

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24875 -175

Average of the T/C Routes 26108 -31

Baltic Exchange Supramax Index 3482 (UP 6)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 36905 16

S1B Canakkale Trip Far East 12.5 35915 65

S2 Japan - SK / NOPAC or Australia rv 25 35323 196

S3 Japan - SK Trip Gib - Skaw range 25 34700 68

S4A US Gulf - Skaw-Passero 12.5 49978 -100

S4B Skaw-Passero - US Gulf 12.5 28464 44

Average of the T/C Routes 36413 69

S6 Jpn-SK trip via Aus/India 0 36600 218

The route(s) below do not form part of the index calculation

S5 Trial-W.Africa via ECSA to FarEast 0 39291 23

Dry cargo fixture summary - 30 March 2007 - 30.Mar.07 & FFA PMX


Dry cargo fixture summary - 30 March 2007

==========================

BDI Baltic Dry Index 5388 UP 33

BCI Baltic Capesize Index 7810 UP 109

BPI Baltic Panamax Index 5003 DOWN 3

BSI Baltic Supramax Index 3482 UP 6

BHSI Baltic Handysize Index 1775 DOWN 2

Timecharter

-----------

'Southern Explorer' 2002 177493 dwt dely Nagoya 1/10 May 4/5 months

trading redel worldwide $75000 daily - cnr

'Cape Mars' 2003 175882 dwt dely Qingdao 12/18 Apr 4/5 months trading

redel worldwide $82000 daily - 'K' Line

'China Venture' 2005 175000 dwt dely Rizhao 10/15 Apr trip via West

Australia redel China $85000 daily - BHP Billiton

'Successor' 2007 174000 dwt dely China end Apr 12 months trading redel

worldwide $73000 daily - cnr

'Pioneer' 2004 171681 dwt dely Qingdao 11/13 Apr trip via West Australia

redel worldwide $80000 daily - BHP Billiton

'Nord-Kraft' SK Shipping relet 2000 171199 dwt dely Gijon 17/20 Apr trip

via Brazil redel Far East $114500 daily - STX Pan Ocean

'Obeliks' 2000 170454 dwt dely Caofedian 9/19 Apr 5/7 months trading

redel worldwide $76000 daily - 'K' Line

'Alameda' 2001 170269 dwt dely China mid Apr 10/12 months trading redel

worldwide $73000 daily - Morgan Stanley

'Aquahope' Transfield 1997 167109 dwt dely Qingdao 1/3 Apr 5/7 months

trading redel worldwide $74500 daily - EdF Trading

'Anangel Pride' 1993 161600 dwt dely Rizhao 18/22 Apr 6/8 months trading

redel worldwide $75000 daily - Coscobulk

'Silver Clipper' 1993 151450 dwt dely Nagoya 4/6 Apr 2 laden legs redel

Far East $70000 daily - RTS

'Iron Bradyn' SafeFixing relet 2005 82769 dwt dely Black Sea 10/14 Apr

trip redel Singapore-Japan rge $58000 daily int ore - cnr

'Christina' newbuilding 77000 dwt C02 fitted dely ex yard Oshima 3/9 Apr

4/6 months trading redel worldwide $40500 daily - Cargill

'CMB Italia' 2005 76620 dwt dely Amsterdam 10/14 Apr trip via Orinoco

redel China $45500 daily - PCL

'Red Lily' Transfield relet 2004 76606 dwt dely Qingdao 4/6 Apr 4/6

months trading redel worldwide $40000 daily - Norden

'Belisland' 2003 76602 dwt dely Bilbao 1/3 Apr trip via Bolivar redel

Skaw-Cape Passero $43500 daily - SK Shipping

'CMB Laetitia' newbuilding 76000 dwt - <reported fixed 29/03 to sinochart

the business failed>

'Agios Raphael' 1982 75485 dwt dely Fangcheng 7/11 Apr 2 laden legs redel

Far East $33000 daily - STX Pan Ocean

'Petka' 1994 75460 dwt dely Sparrows Point 1/3 Apr trip via Bolivar redel

Skaw- Cape Passero $41000 daily + $610000 bb - SK Shipping

'Danae' 2005 75348 dwt dely PMO 10/15 Apr 5/7 months trading redel

worldwide $39250 daily - cnr

'Samjohn Amity' CTP relet 1998 74744 dwt dely Jintang spot trip via

Indonesia redel Taiwan $32000 daily - TPC

'Songa Hui' 2001 74500 dwt dely PMO 2/4 Apr trip via Richards Bay redel

Haldia $39750 daily - cnr

'Amira' 2001 74401 dwt dely Far East May 2 years trading redel worldwide

$30000 daily - Golden Ocean

'Global Harmony' CTP relet 1997 73763 dwt dely Japan 31 Mar trip via

Indonesia redel S.Korea $30000 daily - Daebo

'Darya Radhe' 1999 73705 dwt dely PMO 13/28 May 4/6 months trading redel

worldwide $37000 daily - cnr

'Gerasimos' Clipper relet 1996 70296 dwt dely Inchon in d/c 3 Apr trip

via NoPac redel Singapore-Japan rge $36500 daily - Cargill

'Marina Wave' Bunge relet 1992 69451 dwt dely ex dry dock Dalian 31 Mar/2

Apr trip via NoPac redel Singapore-Japan rge $37000 daily - Alfred

C.Toepfer

'Sea Pride' 1983 66980 dwt dely Amsterdam 4/5 Apr trip via Necochea redel

Far East $34500 daily - Dreyfus

'New Navigation' 2003 52202 dwt dely Sea of Marmara 7/9 April 4/6 months

trading redel worldwide $36000 daily - cnr

'Equinox Seas' 2003 52009 dwt dely Lanshan 4/10 April trip via

Philippines redel Singapore-Japan $38000 daily - cnr

'New Eternity' 1994 45741 dwt dely Taichung 8/10 April 5/7 months trading

redel worldwide $33000 daily - STX Pan Ocean

'Leeds Castle' 1982 41880 dwt dely Black Sea 4/10 April trip via PG redel

PMO $30000 daily - cnr