THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 24/05/2007

The Daily Fixtures Report - 24/05/2007
-------------------------

BDI 6304 DOWN 118
BCI 8972 DOWN 209
BPI 5895 DOWN 145
BSI 4187 DOWN 18

TIMECHARTER
'Mineral Shiikoku' 2006 205000 dwt dely Qingdao 31 May/1 June 12 months
trading redel worldiwde $101500 daily - SK Shipping 'Mineral Monaco'
Constellation relet 2005 180263 dwt dely Pohang 31 May trip via West
Australia redel China $100000 daily - Spot On 'Lowlands Orchid' 2005 176193
dwt dely Nantong 30/31 May trip via West Australia redel China $100000
daily - Glory Wealth 'Mineral Tianjin' 2004 176000 dwt dely Singapore 20-25
May trip via Brazil redel Far East $110000 daily - STX Pan Ocean 'Anangel
Innovation' EdF relet 2004 171680 dwt dely Yantai 1/5 June trip via West
Australia redel China $97000 daily - BHP Billiton 'Te Ho' Cosco relet 2004
77834 dwt dely Cadiz end May trip via Paranagua redel Continent $55500
daily - Azure 'Maple Valley' 2005 76633 dwt dely Swinoujscie 1/10 June 4/5
months trading redel worldwide $54000 daily - Panoceanic USA 'CMB Laetitia'
2006 76000 dwt dely La Coruna 31 May trip via US Gulf redel Skaw-Cape
Passero $54500 daily - cnr 'Great Wisdom' TMT relet 2000 74293 dwt dely
retro Immingham 9 May trip via River Plate redel China $59000 daily -
Chinatex Beijing 'Great Eagle' 2005 74143 dwt dely Gijon 4/6 June 1 or 2
laden legs redel Atlantic $54000 daily - CTP 'Great Century' 1999 73700 dwt
dely Misssissippi River 9/17 June trip via Eygpt redel Cape Passero $51500
daily + $900000 bb - National Navigation of Cairo 'Clio' Bunge relet 2005
73600 dwt dely Tarragona 28/30 May trip via EC South America redel Far
East $56500 daily - Transgrain 'Ever Blossom' GMI relet 1997 72517 dwt dely
San Cyprian end May balance of period up to September 2007 redel worldwide
$55000 daily - United - 'Primera' 1998 72495 dwt dely Shibushi end May
trip via NoPac redel Singapore-Japan rge $40000 daily - Dreyfus 'Rialto'
1996 70316 dwt dely Taiwan end May trip via Indonesia redel Japan $45000
daily - 'K' Line 'Tobata Max' 1993 69635 dwt dely Praia Mole 2/4 June trip
via Brazil & Iran redel PMO $54000 daily + $1.00 milllion bb - ETA Dubai
'Giovanni Della Gatta' 1987 64970 dwt dely Shanghai 31 May/1 June trip via
NoPac & Iraq redel PMO $46000 daily - Brave 'Mighty Michalis' Bunge relet
1983 62297 dwt dely Cape Passero 2/4 June trip via EC South America redel
Skaw-Cape Passero $41250 daily - Alfred C.Toepfer 'Great Well' 1981 61754
dwt dely Dangjin spot trip via N.China redel Taiwan $30000 daily - cnr
'Anassa Ioanna' 2003 53125 dwt dely Ravenna 24 May/5 June trip via East
Coast South America redel PMO-Aden (int Yemen) $50000 daily - cnr 'Katerina'
1983 49674 dwt dely Qingdao spot trip via PG redel PMO $40350 daily
- cnr
'Thor Horizon' 2002 47000 dwt dely Kohsichang spot trip redel West Coast
India approx $36000 daily - cnr 'Ocean Bridge' 1998 45766 dwt dely Paradip
1/5 June trip redel Singapore-Japan $42000 daily - Chinese charterer 'Sea
Mild' 1985 38888 dwt dely Nemrut spot trip via Black Sea redel Morocco
$32000 daily - Coil Line - 'Princess 1' 1994 38858 dwt dely Mangalia spot
trip redel USGulf $28000 daily
- cnr
'Addu Star' 1996 24034 dwt dely PMO 25/27 May trip via South Africa redel
UKCont $21000 daily - Island View Shipping

ORE
'Armada TBN' 70000/10 Port Cartier/Hansaport 1/15 June $22.00 fio 3.5 days
sc - Cobelfret

COAL
'Cape Venus' 150000/10 Roberts Bank/Redcar 15/22 Jun $47.00 fio 6 days -
Crous 'TBN' 70000/10 Drummond/Mobile 10/20 June $12.50 fio 25000/25000 -
Augustea 'Domina' 2007 70000/10 Abbot Point/Taiwan 3/16 June $23.00 fio
35000/22000sc - Daeyang