The Baltic Index Dry cargo fixture summary - 16 May 2007

Subject: Dry cargo fixture summary - 16 May 2007

Dry cargo fixture summary - 16 May 2007

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BDI Baltic Dry Index 6650 DOWN 38

BCI Baltic Capesize Index 9562 DOWN 91

BPI Baltic Panamax Index 6283 DOWN 47

BSI Baltic Supramax Index 4310 UP 7

BHSI Baltic Handysize Index 2148 UP 4

Timecharter

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'Bocimar TBN' newbuilding 177000 dwt dely ex yard Shanghai Jan/June 2009

5 years trading redel worldwide $46000 daily - ETA of Dubai

'Mineral Hong Kong' 2006 175000 dwt dely Beilun 22/25 May trip via

Richards Bay redel Continent $77500 daily - STX Pan Ocean

'Cape Century' Constellation relet 2001 172683 dwt dely Rizhao 22/24 May

trip via Australia redel Japan $110000 daily - NSS

'Clipper Sussex' 2005 76660 dwt dely Qingdao 18/20 May trip via EC

Australia redel Japan $47000 daily - NYK

'Dione' GMI relet 2001 75172 dwt dely Porto Vesme 15/17 May balance of

period 25 Aug/10 Sept redel worldwide $56500 daily - Wellmix

'Amalia' relet 2000 75100 dwt dely Bourgas 24/27 May trip via Black Sea

redel India $65000 daily - Aquavita

'Bremen Max' 1993 74684 dwt dely Chiba 22/24 May trip via NoPac redel

Singapore-Japan rge approx $46000 daily - STX Pan Ocean

'Altair' 2001 74665 dwt dely US Gulf end May trip via Egypt redel Cape

Passero $52000 daily + $1.00 million bb - Archer Daniels Midland

'Anny Petrakis' 2006 74432 dwt dely PMO spot trip via EC South America

redel Far East $51000 daily - cnr

'Great Wisdom' TMT relet 2002 74293 dwt - <reported 15/05 the charterer

is IVS>

'Athina Zafirakis' Panoceanic relet 2002 74204 dwt dely Gladstone 23/24

May trip redel Singapore-Japan rge $47000 daily approx $650000 bb -

Baumarine

'Deng Zhou Hai' 1995 69967 dwt dely retro Cape Passero 12 May trip via

Brazil redel Spain $50000 daily - Bunge

'Xin Hua Men' 1984 69201 dwt dely Arguneguin, Gran Canaria 23/25 May trip

via Kamsar redel Aughinish $62000 daily - Oldendorff

'Rosita' Eastern Ocean relet 2004 52338 dwt dely Shekhou 16/18 May trip

via Indonesia redel China $43000 daily - Chinese charterer

'Honesty Ocean' 1997 47240 dwt dely Pasir Gudang 23/26 May trip redel

China $43000 daily - Winning

'Cos Bonny' 1996 46864 dwt dely Visakhaptnam 16/18 May trip redel China

$46000 daily - AHT

'Boontrika Naree' 1990 27881 dwt dely Lagos spot trip via Brazil redel

Black Sea $31000 daily - Bunge

Ore

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'Xinyuan Hai' 1988 180000/10 Port Hedland/Qingdao 5/15 June $23.10 fio

scale/25000sc - BHP Billiton

'Falcon Cape' 1991 150000/10 Tubarao/Gijon 9/23 June $31.00 fio

scale/30000sc - STX Pan Ocean