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

The Baltic Exchange

Daily Summary of Baltic Exchange Dry Indices

19 March 2007

Baltic Exchange Dry Index TM 5123 (UP 37)

Baltic Exchange Capesize Index TM 7076 (UP 107)

Baltic Exchange Panamax Index TM 5030 (DOWN 7)

Baltic Exchange Supramax Index TM 3380 (UP 6)

Baltic Exchange Handysize Index TM 1698 (UP 20)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $82569 (UP 1771)

BPI Average of the T/C routes $40618 (DOWN 56)

BSI Average of the T/C routes $35338 (UP 58)

BHSI Average of the T/C routes $25036 (UP 311)

Baltic Exchange Capesize Index 7076 (UP 107)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 25.640 0.260

C3 150000mt Tubarao - Beilun/Baoshan 15 43.955 0.637

C4 150000mt Richards Bay - Rotterdam 5 22.390 0.230

C5 150000mt W Australia - Beilun/Baoshan 15 16.230 0.155

C7 150000mt Bolivar - Rotterdam 5 26.205 0.300

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 96050 2425

C9_03 172000mt Continent/Mediterranean trip Far East 5 109727 3091

C10_03 172000mt Pacific RV 20 69500 977

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 55000 591

C12 150000mt Gladstone - Rotterdam 10 30.545 0.104

Average of the T/C Routes 82569 1771

Baltic Exchange Panamax Index 5030 (DOWN 7)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 42368 -119

P2A_03 74000mt SKAW-GIB/FAR EAST 25 44489 -116

P3A_03 74000mt Japan-SK/Pacific/RV 25 39768 -43

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 35847 55

Average of the T/C Routes 40618 -56

Baltic Exchange Handysize Index 1698 (UP 20)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 19064 157

HS2 Skaw - Passero trip Boston - Galveston 12.5 19850 300

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 33163 75

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 27811 5

HS5 SE Asia trip via Australia to Singapore - Japan 25 26064 447

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24136 528

Average of the T/C Routes 25036 311

Baltic Exchange Supramax Index 3380 (UP 6)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 36157 87

S1B Canakkale Trip Far East 12.5 35288 113

S2 Japan - SK / NOPAC or Australia rv 25 32971 58

S3 Japan - SK Trip Gib - Skaw range 25 33495 36

S4A US Gulf - Skaw-Passero 12.5 50520 2

S4B Skaw-Passero - US Gulf 12.5 27809 73

Average of the T/C Routes 35338 58

S6 Jpn-SK trip via Aus/India 0 34461 241