THE BALTIC DRY INDEX DAILY FIXTURES REPORT 28/06/2007

GOOD DAY

The Daily Fixtures Report - 28/06/2007

BDI 6234 UP 54
BCI 8614 UP 101
BPI 6336 UP 59
BSI 4030 UP 5

TIMECHARTER
'New Forest' 1986 185688 dwt dely Qingdao 2/3 July trip via Port Hedland
redel Qingdao $93500 daily - BHP Billiton
'Cape Stork' 1996 171039 dwt - ship>
'CHS Bright' 1995 151053 dwt dely retro Singapore 22 June trip via
Brazil
redel Japan $75000 daily + $800000 bb - Shinwa 'Rondeau' 2006 77031 dwt
dely Fukuyama 10/12 July 4/6 months trading redel worldwide $51000 daily -
cnr 'Frederica' 2005 76662 dwt dely Mundra 1/5 July trip via EC South
America redel Aden-PMO $50500 daily - Noble 'Belgrano' Hanjin relet 2004
76659 dwt dely Maizuru 30 June/3 July 2/3 laden legs redel worldwide $50000
daily - Sinochart 'Captain Bona' 2006 76000 dwt dely Shibushi 27/29 June
trip via NoPac redel Japan $48500 daily - NYG 'Avax' 2006 75398 dwt dely
Fangcheng 29 June/5 July 5/7 months trading redel worldwide $50000 daily -
Cargill 'Hainan' 1996 75339 dwt dely Mobile 23/26 July trip redel
Skaw-Cape Passero $53000 daily + $925000 bb - STX Pan Ocean 'Grazia
Bottiglieri' 1999 75181 dwt dely Onahama 29 June/4 July 4/6 months trading
redel worldwide $49000 daily - BHP Billiton 'Captain Diamantis' 2000 74750
dwt dely Worldwide in d/c 1 Aug/28 Sep
23/25
months trading redel worldwide $37000 daily - Glencore 'Georgios S' 2001
74249 dwt dely Ploce 6/10 July 4/6 months trading redel worldwide $54500
daily - Bunge 'Tian Zhu Feng' Cargill relet 2000 74200 dwt dely River Plate
16/18 July trip redel Far East $55000 daily + $1.25 million bb - Bunge
'Ioannis Zafirakis' 2004 73350 dwt dely Singapore 9/10 July 5/7 months
trading redel world wide $50250 daily - Bunge 'Nicos L' CTP relet 2002 73193
dwt dely Japan 1/5 July balance of period 31 Dec/30 Jan 2008 redel
worldwide $50000 daily - BHP Billiton 'Marbella' 2000 72561 dwt dely
Aughinish in d/c 3/5 July trip via Kamsar redel Aughihish $54000 daily -
Oldendorff 'Eastern Queen' 1994 70196 dwt dely S.China early July 100/120
days trading redel worldwide $46000 daily - BHP Billiton 'Fen Hin Hai' 1995
69857 dwt dely Shanghai 5/6 July trip via NoPac redel Far East $45000
daily - Far Eastern chrtr 'SD Victory' 1986 69585 dwt dely Surabaya 7/8
July trip via EC Australia redel Taiwan $46000 daily - Sunwoo 'Hui Ping'
1994 69562 dwt dely Zhangjiang 13/15 July 4/6 months trading redel
worldwide $46500 daily - cnr 'Ariana' 1984 69041 dwt dely Rotterdam 4/6
July trip via New Orleans & Egypt redel Cape Passero $47500 daily - Cosbulk
'Cake' 2007 53500 dwt dely Shanghai 1/5 July 12 months trading redel
worldwide $40000 daily - Daeyang 'Ernest' 1983 34913 dwt dely Casablanca 28
June/5 July trip via East Coast South America $28000 daily - Bunge -
'Aretousa' 1979 24715 dwt 12 on 22 + 1.8 dely Durban 9/12 July triip redel
Sea of Marmara $24000 daily - Navigatore

COAL
'Crown Star' 2002 70000/10 Puerto Bolivar/Tarragona 10/19 July $31.00 fio
35000sc/24000satpmsx - Enel