BALTIC DRY INDEX THE DAILY FIXTURES REPORT 09/05/2007

The Daily Fixtures Report - 09/05/2007
-------------------------

BDI 6478 UP 83
BCI 9302 UP 89
BPI 6150 UP 122
BSI 4182 UP 48

TIMECHARTER
'Leonidas Warrior' 1987 183316 dwt dely N.China 2/8 June 4/6 months redel
worldwide $87500 daily - RTS 'Iron Miner' 2007 177000 dwt dely Antwerp spot
4/5 months trading redel worldwide $111000 daily - Chinese chrtr - 'Bocimar
TBN' newbuilding 177000 dwt dely ex yard Shanghai Jan/June
2009 5
years trading redel worldwide $45000 daily - Transfield 'KWK Providence'
2004 175501 dwt dely China end May/ely June 4/6 months trading redel
worldwide $110000 daily - EdF Trading 'DIana TBN' Glory Wealth relet
newbuilding 175000 dwt dely ex yard Shanghai Nov
2007 2 years trading redel worldwide $80000 daily - Transfield 'Mineral
Beijing' 2004 173800 dwt dely China 20/22 May 4/6 months trading redel
worldwide $100000 daily - BHP Billiton - 'Alpha Century' Cosbulk relet 2000
170415 dwt dely Beilun 25/27 May trip via West Australia redel China
$106000 daily - BHP Billiton 'Constinoupolis' 1981 128150 dwt dely S.Korea
10/12 May trip via Indonesia redel China $42000 daily - S.Korean chrtr
'Clipper Suffolk' 2006 82788 dwt dely San Cyprian 12/16 May trip via
Brazil redel China $62000 daily - Noble 'Coal Gypsy' 2006 82187 dwt dely
retro Bayuquan 3 May trip via Australia redel Singapore-Japan rge $41500
daily - STX Pan Ocean - 'Chang Ho' 2000 80416 dwt dely Hong Kong 25/27 May
4/6 months trading redel worldwide $52500 daily - BHP Billiton 'Agia
Filothei' 1988 79764 dwt dely Porto Torres 12/15 May trip via Nouadhibou
redel China $52500 daily - Cosco Europe 'Mulberry Paris' 2004 76492 dwt
dely Shibushi 8/10 May trip via Australia redel Japan $48500 daily - NYK
'Hebei Mercy' 1986 76279 dwt dely Valencia 12/13 May trip via Brazil redel
China approx $52000 daily - Cosco 'Prabhu Das' 2005 76015 dwt dely Pohang
10/14 May 5/7 months trading redel worldwide $49000 daily - Cargill
'Leonardo Lembo' 1996 75229 dwt dely Tarragona 12/14 May balance of period
13
Oct/13 Nov redel worldwide $54000 daily - CTP 'Samjohn Liberty' 1998 74761
dwt dely N.China ppt 3/4 months trading redel worldwide $46000 daily -
Cargill - 'Boreal' 2002 74181 dwt dely Hamburg 19/26 May 4/6 months trading
redel worldwide $52000 daily - Bunge 'Little Prince' 2001 74133 dwt dely
Mariveles 15/17 May trip via Indonesia redel Far East $55000 daily - OBS
'Coal Glory' Pioneer Navigation relet 1995 73760 dwt dely Takehara
23/25 May
balance of period 2 Sept/2 Oct redel worldwide $49000 daily - Oldendorff
'Carola' Blumenthal relet 1997 73740 dwt dely South Korea spot 2 laden legs
1st leg via Weipa & Gladstone redel worldwide $47000 daily - Armada 'Polska
Walczaca' 1992 73505 dwt dely Inchon 9/11 May trip via N.China redel
S.Korea $42000 daily - Cargill 'Cymbeline' Oldendorff relet 2001 73000 dwt
dely Worldwide 15 Aug/15 Nov period up to 9 Nov 2008/9 Jan 2009 redel
worldwide $40000 daily - GMI - last
week>
'Spring Peacock' 1998 72497 dwt dely Malaysia 20/25 May trip via Indonesia
redel Hong Kong $52000 daily - NYK 'Qinfa 6' Sinochart relet 1984 69841 dwt
dely Valencia 8/10 May trip via EC South America redel China $51000 daily -
Grand Ocean 'La Donna I' 1983 63800 dwt dely dop Turkish Black Sea 11/18
May trip via Black Sea redel PMO-Aden $49000 daily - European grain house -
'Vega I' 1982 63164 dwt dely dop Jeddah 1/5 May trip via South Africa
redel China $41000 daily - Chinese chrtr - 'Ikan Acapulco' 2006 55700 dwt
dely Haldia 14/28 May trip redel China approx $50000 daily - cnr - failed>
'Josco Taizhou' 2005 55561 dwt dely Ravenna 25/31 May 11/13 months trading
redel worldwide approx $43000 daily - Transfield 'Jaeger' 2004 52483 dwt
dely Visakhapatnam o/o Haldia 20/30 May trip redel China $46000 daily -
Uniwell 'Tai Harvest' 2002 51008 dwt dely Shanghai spot trip via
Philippines redel China $46000 daily - cnr 'Peregrine' 2001 50913 dwt dely
Singapore-Japan 1/15 June 8/10 months trading redel worldwide approx $42500
daily - Daeshan Shipping 'Violet' WBC relet 2001 50326 dwt dely Brownsville
spot trip redel Med $61500 daily - Volcano 'Merlin' 2001 50296 dwt dely
Akita 15/25 May 5/7 months trading redel worldwide $44000 daily - Norden
'Oceanic Angel' 1999 46667 dwt dely Abidjan 15/20 May trip via Up River +
Brazil redel Philippines $49000 daily - Dreyfus 'Sea Maple' 2000 45710 dwt
dely USGulf 15/20 May 2 laden legs redel Singapore-Japan $50000 daily - The
Rice Company 'Asian Glory' 1995 45194 dwt dely Kushiro 12/14 May 4/6 months
trading redel worldwide approx $42000 daily - Clipper 'Dubai Fortune' 1995
45000 dwt dely USGulf spot trip redel West Coast Central America approx
$61000 daily - Dreyfus

ORE
'Tian Lu Hai' Worldlink relet 2005 160000/10 Tubarao/Qingdao 20/29 May
$51.00 fio scale/25000sc - Sinom 'Marietta' CTP relet 2004 70000/10
Tubarao/Ijmuiden 21/28 May $35.50 per lt fio
5 days sc - Corus

COAL
'Castillo de Valverde' 2005 150000/10 Richards Bay/Rotterdam 6/20 June appox
$31.75 fio scale/25000sc - BHP Billtion