Baltic Dry Index THE DAILY FIXTURES REPORT 23/05/07

The Daily Fixtures Report - 23/05/2007
-------------------------

BDI 6422 DOWN 49
BCI 9181 DOWN 79
BPI 6040 DOWN 53
BSI 4205 DOWN 16

TIMECHARTER
'Chandris TBN' newbuilding 180000 dwt dely ex yard Daewoo July/Aug 2009
5 years
trading redel worldwide $43000 daily - 'K' Line 'Paschalis D' 2002 170188
dwt dely China mid June 4/6 months trading redel worldwide $102000 daily -
TMT 'Golden Ocean TBN' newbuilding 170000 dwt dely ex yard Daehan Aug 2008
5 years
trading redel worldwide $48000 daily nett - Sanko - 'Golden Ocean TBN'
newbuilding 170000 dwt dely ex yard Daehan Dec 2008
5 years
trading redel worldwide $46000 daily nett - Sanko 'Golden Ocean TBN'
newbuilding 170000 dwt dely ex yard Daehan Mar 2009
5 years
trading redel worldwide $43800 daily nett - Sanko - 'Alpha Cosmos' EdF relet
2001 169770 dwt dely Bayuquan 20/21 May trip via Brazil redel China
$100000 daily - North China Shipping 'Brisbane' ex Spring Brave' 1996 151066
dwt dely Pohang 22/23 May trip via Brazil & PG redel PMO $86000 daily -
Kleimar 'Iron Brooke' 1987 82191 dwt dely Rio Grande ppt trip redel Far
East $56000 daily + $1.25 million bb - Cargill 'Nobel Forum' obo 1983 78394
dwt dely Immingham 23/25 May trip via Brazil redel China $53000 daily -
China Ocean Transport 'Te Ho' 2004 77834 dwt dely Cadiz end May period up
to 23 Oct/23 Nov redel worldwide $54500 daily - Cosco 'Danae' Atlas Bulk
Shipping relet 2005 75348 dwt dely Santander 22/24 May trip via Ponta Da
Madeira redel Ghent $54500 daily - Giuseppe Bottiglieri 'Danae' 2001 75106
dwt dely Fusina early June 11/12 months trading redel worldwide $47000
daily - Rizzo-Bottiglieri-de Carlini Armatori Spa 'Ernst Salamon' Swiss
Marine relet 1999 74002 dwt dely Beilun 25/28 May trip via NoPac redel Far
East $41500 daily - Dreyfus 'Golden Shadow' BHP Billiton relet 1997 73732
dwt dely Cape Passero end May trip via EC South America redel Spain $53000
daily - Transgrain 'Great Ambition' 1999 73725 dwt dely Taiwan 29 May/5
June trip via Australia redel Taiwan $44500 daily - cnr 'Bulk Cedar' 1998
73330 dwt dely Immingham 23/25 May trip via NC South America redel Spain
int petcoke $54500 daily - SSM 'Rubin Power' MOSK relet 1998 72326 dwt dely
Matsuura 24/26 May trip via Indonesia redel Hawaii $32000 daily - Cobelfret
'Alpha Glory' 1999 72270 dwt dely PMO 22 May trip via Richards Bay redel
Continent $44000 daily - Swiss Marine 'Fu Le' 1998 71332 dwt dely Bremen
25/28 May 5/7 months trading redel worldwide $53500 daily - Cosco USA
'Gianni D' Brittania Bulk Ltd relet 1998 69100 dwt dely Annaba spot balance
of period 25 Oct/25 Nov redel worldwide $50000 daily - Rizzo-Bottiglieri-De
Carlini Armatori Spa 'Silver Mei' 1984 68676 dwt dely El Ferrol 23/25 May
trip via EC South America redel Far East $53000 daily - Dreyfus 'Ikan
Serong' 2006 56023 dwt dely Hazira 1/6 June trip via WC Indiia redel
China $38500 daily - Glory Trans 'CMB Yangtze' 2006 53591 dwt dely Yangzhou
27 May/2 June min 5/abt 6 months trading redel worldwide $41500 daily -
Daebo 'I Duckling' Norden relet 2003 52994 dwt dely Kinuura 25/28 May trip
via Groote Eylandt + PG redel PMO $42000 daily - Hawknet 'Ocean Queen' 2003
52384 dwt dely Qingdao 25/27 May trip via China + North Australia redel
Brest-Skaw rge $41000 daily - Hawknet 'Ken Unity' 1999 48913 dwt dely
Zhoushan ex D/D 1/5 June trip redel Mediterranean $40000 daily - cnr 'VOC
Rose' 1998 47183 dwt dely N.China end May 14/16 months trading redel
worldwide $35500 daily - Sunwoo 'Syriotissa' 1985 45470 dwt dely Oran spot
min 4/abt 6 months trading redel worldwide $39000 daily - WAMOPL

ORE
'TBN' 170000/10 Tubarao/Rotterdam 10/20 June $30.00 fio 6 days sc - Rogesa

COAL
'Tian Sheng Hai' 1997 / -

GRAIN
'Hilal 1' 25000/10 sbm Upriver/Spain 1/10 June $66.00 fio 8000/6000 -
Glencore