The Baltic Dry Index Dry cargo fixture summary - 25 June 200

BDI  Baltic Dry Index        6038     UP        116

BCI  Baltic Capesize Index   8228     UP        243

BPI  Baltic Panamax Index    6133     UP        135

BSI  Baltic Supramax Index   4008     UP         10

BHSI Baltic Handysize Index  1884     UP          3







Timecharter

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'Sea Pull' 2006 177533 dwt dely Rotterdam 21/23 June trip via Brazil

redel Qingdao $110000 daily - Cosco Qingdao - <fixed 21/06>



'Bulk Singapore' 2005 177173 dwt dely China 25/31 June trip via Richards

Bay redel Skaw-Cape Passero $65000 daily - cnr



'Ferosa' 1992 173149 dwt dely Qingdao 9/11 July trip via West Australia

redel China $80000 daily - Pacific Bulk



'Cape Venus' 1996 172000 dwt - <reported 22/06 charterer should read BHP

Billiton and not Transfield>



'Tai Shan' BHP Billiton relet 1999 169147 dwt dely retro Zhoushan 17 June

4/6 months trading redel worldwide $90000 daily - Morgan Stanley



'Princess Susana' 1986 152328 dwt dely Singapore 26/28 June trip via

Sepetiba redel Qingdao $62000 daily + $640000 bb - Shourong



'CHS Star' 1991 150108 dwt dely Beilun 24/26 June trip via West Australia

redel Japan $77000 daily - Shinwa - <recent>



'Cape Australia' 1990 149512 dwt dely Fos 3/5 July transatlantic round

voyage $74500 daily - SK Shipping



'Kappadokia' 1981 141475 dwt dely Beilun 25/31 June trip via Australia

redel Mailiao $45000 daily - SK Shipping



'Lydia' 1981 141435 dwt dely Singapore 22/25 June trip via Indonesia

redel S.Korea $37000 daily - Seyang - <fixed last week>



'Matrix' 1981 136211 dwt dely Nantong 21/23 June trip via Chile redel

China $42000 daily - Transfield - <recent>



'Te Ho' 2004 77834 dwt dely Continent 10/12 July 4/6 months trading redel

worlldwide $55000 daily - TMT



'Pride' 1981 77673 dwt dely West Africa 20/24 June trip via Brazil &

Syria redel Cape Passero $41750 daily - Bunge - <fixed mid last week>



'Medi Rotterdam' 2002 76735 dwt - <reported 21/06 the charterer should

read Daiichi and not Dreyfus>



'Medi Taipei' 2003 76633 dwt - <reported 22/06 the charterer is Dreyfus>



'Boomerang' 2004 76000 dwt dely Gibraltar 2/4 July trip via Nouadhibou

redel Dunkirk $60000 daily - Elcano - <fixed about 20/06>



'Pistis' 1984 75631 dwt dely Jebel Ali 23/26 June trip via Jebel Ali

redel China $40000 daily - cnr - <recent>



'Amalia' CTP relet 2000 75100 dwt dely Mundra 24/25 June trip via EC

South America redel Far East $49000 daily - Cargill



'Samjohn Liberty' 1998 74761 dwt dely Far East 20 July/5 Aug 11/13 months

trading redel worldwide $44000 daily - Cargill



'Samjohn Amity' Shinwa relet 1998 74744 dwt dely Praia Mole 5/10 July

balance of period 10 Oct/10 Nov redel worldwide $51250 daily + approx

$900000 bb - Cargill



'Yuan Zhi Hai' HMM relet 2005 74500 dwt dely Yokkaichi 10/20 July 11/13

months trading redel worldwide $45500 daily - GMI



'Catalina' 2005 74432 dwt dely Cape Passero 26/28 June 2 laden legs redel

Atlantic $54000 daily - Azure - <fixed 21/06>



'Evanthia' 2001 74297 dwt dely Far East end July in d/c 11/13 months

trading redel worldwide $45000 daily - Cargill



'Tian Hua Feng' 2001 73996 dwt dely Paradip 30 June/2 July 4/6 months

trading redel worlwide $48000 daily - cnr



'Lucia Bulker' 1999 73807 dwt dely Taiwan 3/5 July period 01 Nov/31 Jan

redel worldwide $49750 daily - Dreyfus



'Angela Star' 1998 73798 dwt dely Goa ppt trip via EC South America redel

Far East $49500 daily - AWB



'Great Ambition' 1999 73725 dwt dely Beihai 26/29 June 4/6 months trading

redel worldwide $47000 daily - Norden - <fixed last week>



'Domina' 2007 73593 dwt dely Taiwan 25/30 June trip redel Skaw-Cape

Passero $42000 daily - Cargill



'Antwerp Max' 1998 73144 dwt dely Phu My 1/4 July 3/5 months trading

redel worldwide $49500 daily - MOSK - <fixed kast week>



'Lansing' ex Baltia 1996 73040 dwt dely Hong Kong 2/3 July 11/13 months

trading redel worldwide $45850 daily - TMT



'Ataman' 2001 72867 dwt dely Kaohsiung 27/30 June 4/6 months trading

redel worldwide $41500 daily - Swiss Marine - <fixed early last week>



'Oriental Sun' Cargill relet 1998 72651 dwt dely Eregli 4/6 July trip via

Black Sea redel Far East $58500 daily - Industrial Carriers



'Fu Kang' 1997 72437 dwt dely Shanghai 27/30 June trip via EC Australia

redel Singapore-Japan rge $46000 daily - cnr



'New Leader' 1996 72073 dwt dely Qingdao 28 June/5 July trip via EC

Australia redel Taiwan chop EC India $44000 daily - Hanjin - <recent>



'Alescabalo' 1990 70402 dwt dely Cape Passero spot 3/4 months trading

redel worldwide $49500 daily - United - <fixed end last week>



'Fomentera' 1986 70002 dwt dely Inchon 26/30 June trip via EC Australia

redel China $41000 daily - cnr - <recent>



'Gao Zhou Hai' 1994 69952 dwt dely Shibushi 27/29 June trip via EC

Australia redel Singapore-Japan rge $39000 daily - cnr - <recent>



'SD Victory' 1986 69585 dwt dely Surabaya 3/7 July trip redel Singapore-

Japan rge $41000 daily - TPC



'Gianni D' BBL relet 1998 69100 dwt dely Praia Mole spot trip via River

Plate redel Spain $45000 daily + $800000 bb - Transgrain



'Minoan Flame' 1982 65960 dwt dely Cape Passero 23/27 June trip via EC

South America & PG redel PMO $43000 daily - cnr - <fixed last week>



'Velos' 1991 65702 dwt dely El Ferrol 2/5 July 2/3 laden legs redel Skaw-

Cape Passero $48000 daily - Augustea



'Dorothea' 1981 65535 dwt dely La Rochelle 21/24 June trip via River

Plate & Egypt redel Cape Passero $42000 daily - Noble - <fixed last week>



'Azure' 1982 64200 dwt dely Antwerp 24/27 June trip via EC South America

redel Skaw-Cape Passero $45000 daily - cnr



'Maritime Setoshio' 2004 55765 dwt dely South China 5/15 July trip redel

India $43000 daily - cnr



'Matumba' 2005 53591 dwt dely North China 26/30 June trip via PG redel

PMO $41500 daily - cnr



'Azizi' 2001 52544 dwt dely Houston 1/5 July trip via USGulf redel

Singapore- Japan $54150 daily - Cargill



'Tiara Ocean' 2004 52532 dwt dely West Africa spot 3/5 months trading

redel worldwide $43000 daily - Western Bulkcarriers



'Jaeger' 2004 52483 dwt dely Singapore-Japan 10/30 July 11/13 months

trading redel worldwide approx $39500 daily - HMM



'Equinox Seas' 2003 51000 dwt dely South-East Asia spot trip redel North

China approx $38500 daily - cnr



'Full Rich' 1995 43217 dwt dely East Coast Mexico 10/25 July 4 to 6

months trading redel worldwide $43000 daily - Probulk



'Giorgis Milas' 1984 37725 dwt dely Pasadena 9/12 July 3/5 months trading

redel Atlantic $36000 daily - Clipper



'Aquadance' 1984 37705 dwt dely East Med 27/30 June 4/6 months trading

redel worldwide approx $32000 daily - Probulk



'Ariston' 1984 37052 dwt 12.5 on 24 + 2 dely Mombasa 28/30 June trip via

South Africa redel UKCont-Med $29500 daily - Island View Shipping



Ore

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'Grand Venetico' 1990 120000/10 Guaiba/Beilun & Nantong 25 June/5 July

$44.50 fio scale/30000sc - Pacific Bulk



Coal

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'Erradale' 1994 150000/10 Richards Bay/Rotterdam 14/28 July approx $26.50

fio scale/25000sc - STX Pan Ocean