Baltic Dry Index Dry cargo fixture summary - 09 May

Subject: Dry cargo fixture summary - 09 May 2007& Daily Panamax Report May
9th

Dry cargo fixture summary - 09 May 2007
==========================

BDI Baltic Dry Index 6478 UP 83
BCI Baltic Capesize Index 9302 UP 89
BPI Baltic Panamax Index 6150 UP 122
BSI Baltic Supramax Index 4182 UP 48
BHSI Baltic Handysize Index 2093 UP 18

Timecharter
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'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 - <fixed end of last week>

'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 - <fixed end of last week>

'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 - <recent>

'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 - <fixed end of last week>

'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 -
<fixed end of 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 - <fixed last
week>

'Vega I' 1982 63164 dwt dely dop Jeddah 1/5 May trip via South Africa redel
China $41000 daily - Chinese chrtr - <fixed last week>

'Ikan Acapulco' 2006 55700 dwt dely Haldia 14/28 May trip redel China approx
$50000 daily - cnr - <was reported 26/04 as fixed for period but the
business 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