Baltic Exchange Dry Indices 9 February 07

Daily Summary of Baltic Exchange Dry Indices 9 February 2007

Baltic Exchange Dry Index TM 4328 (UP 5)

Baltic Exchange Capesize Index TM 6340 (UP 26)

Baltic Exchange Panamax Index TM 4114 (UP 5)

Baltic Exchange Supramax Index TM 2737 (DOWN 7)

Baltic Exchange Handysize Index TM 1324 (DOWN 7)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $72625 (UP 367)

BPI Average of the T/C routes $33244 (UP 36)

BSI Average of the T/C routes $28622 (DOWN 66)

BHSI Average of the T/C routes $19462 (DOWN 91)

Baltic Exchange Capesize Index 6340 (UP 26)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 21.990 0.135

C3 150000mt Tubarao - Beilun/Baoshan 15 38.232 0.582

C4 150000mt Richards Bay - Rotterdam 5 22.335 0.020

C5 150000mt W Australia - Beilun/Baoshan 15 15.580 -0.035

C7 150000mt Bolivar - Rotterdam 5 22.490 0.150

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 79500 900

C9_03 172000mt Continent/Mediterranean trip Far East 5 93455 1091

C10_03 172000mt Pacific RV 20 63977 -455

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 53568 -68

C12 150000mt Gladstone - Rotterdam 10 29.855 0.014

Average of the T/C Routes 72625 367

Baltic Exchange Panamax Index 4114 (UP 5)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 34214 277

P2A_03 74000mt SKAW-GIB/FAR EAST 25 36081 244

P3A_03 74000mt Japan-SK/Pacific/RV 25 31536 -133

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31144 -245

Average of the T/C Routes 33244 36

Baltic Exchange Handysize Index 1324 (DOWN 7)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14150 -57

HS2 Skaw - Passero trip Boston - Galveston 12.5 14657 -64

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25388 -50

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25456 -116

HS5 SE Asia trip via Australia to Singapore - Japan 25 19407 -136

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 18614 -86

Average of the T/C Routes 19462 -91

Baltic Exchange Supramax Index 2737 (DOWN 7)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26759 -109

S1B Canakkale Trip Far East 12.5 25905 -172

S2 Japan - SK / NOPAC or Australia rv 25 28232 -25

S3 Japan - SK Trip Gib - Skaw range 25 29290 -75

S4A US Gulf - Skaw-Passero 12.5 39356 -44

S4B Skaw-Passero - US Gulf 12.5 21910 -5

Average of the T/C Routes 28622 -66

S6 Jpn-SK trip via Aus/India 0 27645 -75

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