Dry cargo fixture summary - 24 April 2007

Subject: Dry cargo fixture summary - 24 April 2007

Dry cargo fixture summary - 24 April 2007

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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

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'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

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

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