Baltic Dry Index Dry cargo fixture summary - 15 May

Dry cargo fixture summary - 15 May 2007

==========================

BDI Baltic Dry Index 6688 UP 3

BCI Baltic Capesize Index 9653 DOWN 34

BPI Baltic Panamax Index 6330 UP 14

BSI Baltic Supramax Index 4303 UP 23

BHSI Baltic Handysize Index 2144 UP 6

Timecharter

-----------

'Obeliks' 2000 170454 dwt dely Xingang 27 May/2 June trip via West

Australia redel China $100500 daily - BHP Billiton

'Aquagrace' NCS relet 1997 167105 dwt dely Beilun 20/22 May trip via West

Australia redel China $103200 daily - BHP Billiton

'Nobel Forum' 1983 built 78395 dwt - <reported 14/05 the ship has fixed

but not to Bunge as reported>

'Grazia Bottiglieri' 2000 75265 dwt dely Qinhuangdao 19/20 May min 24/max

26 months trading redel worldwide $41000 daily - European chrtr

'Golden Dena' TMT relet 2006 74769 dwt dely Zhoushan 18/20 May trip via

Indonesia redel Japan $52500 daily - NYK

'Samjohn Liberty' Cargill relet 1998 74761 dwt dely retro Lianyungang 13

May trip via NoPac redel Indonesia $46500 daily - AWB

'Bagara' ex Songa Hua 2002 74500 dwt - <reported 14/05 the correct rate

is $47150 daily for 1st 50 days and $52000 daily for the balance>

'Amira' 2001 74441 dwt - <reported 14/05 the charterer is Worldlink>

'Great Wisdom' TMT relet 2000 74293 dwt dely retro Immingham 8 May trip

via Brazil & Iran redel PMO $61000 daily - cnr

'Bluemenau' CTP relet 2000 73992 dwt dely Aden 22/24 May trip via

Richards Bay redel Continent-Med $52000 daily - EdF - <fixed last week>

'Kalypso' Daebo relet 1997 73762 dwt dely Taiwan ppt trip via Queensland

redel Taiwan $46000 daily - Mitsubishi

'Thetis' Setsea relet 1993 73760 dwt dely Rizhao 19/20 May balance of

period abt 6/8 months trading redel worldwide includes Iraq trading

$51500 daily - Golden Ocean

'Aenaos' ex Quint Star Cargill relet 1998 72413 dwt dely Rotterdam 15/16

May trip via EC South America redel Far East $56250 daily - Wilmar

'Yao Hai' 1986 69467 dwt dely Cadiz 23/25 May trip via Brazil redel China

$54750 daily - Wylex

'Ermis' 1994 64370 dwt - <reported 14/05 the correct rate is $39000 daily

and delivery is Cape Passero>

'Luckyfield' 1982 45546 dwt dely Dominican Republic spot trip via North

Coast South America $55000 daily - Armada - <Fixed last week>

'Grand Way' 1994 44006 dwt dely USGulf 16/18 May trip redel UKCont $60000

daily - Clipper

'St.Paul' 1994 40926 dwt dely Marmara 14/15 May trip via PG redel PMO

$43000 daily - cnr

Coal

----

'TBN' 70000/10 Norfolk/Bourgas 25 May/5 June $38.00 fio 25000/12000sc -

Integrity Coal - <fixed end last week>

Grain

-----

'Slavianka' 1978 20000/10 Soya Bean Meal Up River Plate/Algeria 5/15 June

$80.00 fio 6000sx/3000fx - CAM