Subject: Dry cargo fixture summary - 17 April 2007

Subject: Dry cargo fixture summary - 17 April 2007

Dry cargo fixture summary - 17 April 2007

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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

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'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

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

Mittal