Baltic Exchange Dry Indices 6.mar.07

Daily Summary of Baltic Exchange Dry Indices

6 March 2007

Baltic Exchange Dry Index TM 4921 (UP 13)

Baltic Exchange Capesize Index TM 6974 (DOWN 70)

Baltic Exchange Panamax Index TM 4926 (UP 79)

Baltic Exchange Supramax Index TM 3048 (UP 20)

Baltic Exchange Handysize Index TM 1559 (UP 16)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $79694 (DOWN 845)

BPI Average of the T/C routes $39767 (UP 647)

BSI Average of the T/C routes $31866 (UP 208)

BHSI Average of the T/C routes $22946 (UP 218)

Baltic Exchange Capesize Index 6974 (DOWN 70)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 24.530 -0.070

C3 150000mt Tubarao - Beilun/Baoshan 15 40.527 -0.168

C4 150000mt Richards Bay - Rotterdam 5 24.170 -0.330

C5 150000mt W Australia - Beilun/Baoshan 15 17.180 -0.285

C7 150000mt Bolivar - Rotterdam 5 24.980 -0.095

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 88350 -615

C9_03 172000mt Continent/Mediterranean trip Far East 5 97991 -659

C10_03 172000mt Pacific RV 20 73605 -1413

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 58832 -691

C12 150000mt Gladstone - Rotterdam 10 31.473 -0.177

Average of the T/C Routes 79694 -845

Baltic Exchange Panamax Index 4926 (UP 79)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 41803 429

P2A_03 74000mt SKAW-GIB/FAR EAST 25 44318 421

P3A_03 74000mt Japan-SK/Pacific/RV 25 37892 1085

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 35056 656

Average of the T/C Routes 39767 647

Baltic Exchange Handysize Index 1559 (UP 16)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 17657 221

HS2 Skaw - Passero trip Boston - Galveston 12.5 18364 314

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 30894 344

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25984 195

HS5 SE Asia trip via Australia to Singapore - Japan 25 23271 142

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 22064 193

Average of the T/C Routes 22946 218

Baltic Exchange Supramax Index 3048 (UP 20)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 31880 310

S1B Canakkale Trip Far East 12.5 28908 229

S2 Japan - SK / NOPAC or Australia rv 25 30806 150

S3 Japan - SK Trip Gib - Skaw range 25 31877 172

S4A US Gulf - Skaw-Passero 12.5 44290 225

S4B Skaw-Passero - US Gulf 12.5 24482 255

Average of the T/C Routes 31866 208

S6 Jpn-SK trip via Aus/India 0 31350 441