THE BALTIC DRY INDEX DAILY FIXTURES REPORT 05/07/07

The Daily Fixtures Report - 05/07/2007
-------------------------

BDI 6251 DOWN 42
BCI 8001 DOWN 292
BPI 6878 UP 129
BSI 4092 UP 15

TIMECHARTER
'Kassos Warrior' 1986 194744 dwt dely Kwangyang 10/15 July trip via West
Australia redel China $75000 daily - Zhanggang Shipping (Spot On) 'Alina II'
1986 179802 dwt dely Bayuquan 8/15 July 12 months trading floating rate 14%
below daily BCI 4 timecharter average - Oldendorff 'Pioneer' 2004 171861 dwt
dely Nantong 16/18 July trip via West Australia redel China $87000 daily -
BHP Billiton 'China Fortune' 1992 152011 dwt dely Zhoushan 5/20 Aug 12
months trading redel worldwide $75000 daily - North China Shipping
'Formosabulk Allstar' 1995 150395 dwt dely ex drydock China 15/30 Sept
12
months trading redel worldwide $75000 daily - Kleimar 'Medi Hong Kong' 2006
82790 dwt dely Kawasaki 13/15 July trip via Australia redel Japan $59250
daily - MOSK 'Iron Brooke' Deiulemar relet 2007 82594 dwt dely Worldwide
2nd quarter
2008 2
years trading redel worldwide $40500 daily nett - Daiichi 'Filomena L' 2003
76629 dwt dely Rotterdam 8/12 July 3/4 months trading redel worldwide
$60500 daily - Transfield - Lembo fixing the business> 'CMB Italia' 2005
76620 dwt dely Fangcheng 12/13 July trip via EC Australia redel EC India
$57500 daily - cnr 'Pansolar' 2005 76343 dwt dely Stade 6/10 July trip via
Ventspils redel China $62000 daily - Noble 'Pansolar' 2005 76343 dwt dely
Worldwide March/April 2008 3 years trading redel worldwide $32000 daily -
Japanese chrtr - 'Perla Bulker' J.Lauritzen relet 2006 75949 dwt dely
Tsuneishi 20/30 June 35/37 months trading redel worldwide $40000 daily gross
- Alfred C.Toepfer 'North Prince' 1999 75542 dwt dely Dunkirk 8/12 July
trip via Bolivar redel Spain $60000 daily - Ark
'Anangel Enosis' 1995 75464 dwt - Lasfar>
'Nordmosel' 2001 75323 dwt dely Qingdao 5/9 July trip via EC Australia
redel Singapore-Japan rge int coal $58500 daily - cnr 'Nordems' 2001 75253
dwt dely Worldwide 1 Jan/30 Feb 2008 2 years trading redel worldwide $39500
daily - Augustea 'Tian Du Feng' 2001 74201 dwt dely Cape Passero 11/14 July
5/7 months trading redel worldwide $56000 daily - United
'Riruccia' 1997 74002 dwt -
'Carl Mesem' 1999 74001 dwt dely Sete 10/20 July trip via EC South America
redel China $59000 daily - Noble 'Beauty Donor' Worldlink relet 1999 73700
dwt dely Antwerp ely Aug balance of period 3/4 months trading redel
worldwide $55000 daily - Oldendorff 'Pacific Paradise' 1993 73645 dwt dely
Lumut 8/13 July trip via Indonesia redel Taiwan $58500 daily - Ta-Ho
'Dimitris L' STX Pan Ocean relet 2001 73193 dwt dely Barcelona 20/30 July
9/10.5 months trading redel worldwide $49500 daily - GMI Proteus' 1999 73018
dwt dely Phu My 11/13 July 6/8 months trading redel worldwide $52000 -
Daebo 'Silver One' STX Pan Ocean relet 2000 72917 dwt dely Beilun 7/9 July
trip via NoPac redel Singapore-Japan rge $54000 daily - Dreyfus 'Giovanni'
Crownland relet 1996 72394 dwt dely Dunkirk 28/30 July balance of period 28
Jan/28 Feb 2008 redel worldwide $53750 daily - Brittania Bulk 'C.Iris' 1996
71393 dwt dely Nanao 15/22 July 5.5/7 months trading redel worldwide $51500
daily - Atlas Bulk Shipping 'Quesa Uno' 1993 70312 dwt dely Maizuru 14/19
July trip via NoPac redel Singapore-Japan rge $53500 daily - Dreyfus
'Powerful' 1993 70083 dwt dely Tilbury ppt 2 years trading redel worldwide
$39000 daily - Alfred C.Toepfer 'Hellenic Breeze' 1993 69601 dwt dely
Sparrows Point 18/20 July 6/8 months trading redel worldwide $53000 daily +
$700000 bb - cnr 'Mass Wits' 1988 69356 dwt dely US Gulf 27/29 July redel
Far East $54000 daily
+ $1.00 million bb - Dreyfus
'Citrawati' 1990 69332 dwt dely Kalimantan spot trip via Indonesia redel
Taiwan $54000 daily - Daebo 'Yun Tong Hai' 1990 68788 dwt dely Worldwide
1/30 Sept period up to 25 Sept-10 Oct min 2008/max 10 Nov/21 Dec 2008 redel
worldwide $43000 daily - cnr 'Hebei Diamond' relet 1984 66786 dwt dely
Kaohsiung 20/25 July balance of period 8 Nov/7 Dec redel worldwide $43000
daily - Armada
'Trust Jakarta' Industrial Carriers relet 1984 64873 dwt - the
charterer is Azure>
'Navios Astra' 2006 53468 dwt dely China 1/10 August 2 years trading redel
worldwide approx $36000 daily - Dreyfus USA 'Frontier Angel' SK Shipping
relet 2001 52478 dwt dely worldwide 1/15 September
14/16 months trading redel worldwide $40000 daily - Wylex 'D Duckling' 2001
52068 dwt dely dop ARA 17/25 July about 2/about 4 months trading redel
worldwide $46100 daily - cnr 'Harrier' 2001 50296 dwt dely Longkou spot
trip via Indonesia redel China approx $37500 daily - cnr

ORE
'Mineral London' Cosco 2006 160000/10 Sepetiba/Qingdao 20/30 July $52.00
(done
direct) fio scale/30000sc - Transfield
'Alpha Effort' EdF relet 1999 70000/10 Port Cartier/Gijon 13/23 July $21.50
fio
4 days - Mittal