THE BALTIC DRY INDEX DAILY FIXTURES REPORT 12/07/07

The Daily Fixtures Report - 12/07/2007
-------------------------

BDI 6656 UP 172
BCI 8704 UP 344
BPI 7288 UP 103
BSI 4268 UP 103

TIMECHARTER
'Mineral Nippon' 2007 203725 dwt dely Cape Passero 24/25 July trip via
Brazil redel China $140000 daily - Pacific Bulk 'CHS World' 2006 174231 dwt
dely Ijmuiden 5/10 July trip via Brazil redel China $130000 daily -
Transfield 'Aquagrace' 1997 167102 dwt dely Kashima 17/19 July trip via
West Australia redel China $80000 daily - BHP Billiton - 'Cape Hawk' 1995
161425 dwt dely Qingdao 23/25 July trip via West Australia redel China
$86000 daily - BHP Billiton 'Alpha Friendship' 1996 161417 dwt dely Qingdao
23/25 July 11/13 months trading redel worldwide $91500 daily - Coscobulk
'Aeolian Glory' 1995 157000 dwt dely retro Qingdao 6 July trip via Brazil
redel China $83000 daily - Essar 'Bosporus' 1995 150793 dwt dely Japan
18/20 July trip via West Australia redel China $80000 daily - RTS 'Iron
Brooke' 2006 82187 dwt dely S.Korea 1/10 Aug 7/8 months trading redel
worldwide $56250 daily - Oldendorff 'Panstar' 2005 76600 dwt dely Worldwide
Mar/Apr 2008 2 years trading redel worldwide $39500 daily - Glory Wealth
'Bison' 2005 76600 dwt - Ocean>
'Ikan Kembong' Transfield relet 2005 76447 dwt dely Swinoujscie 23/25 July
trip via Baltic redel UKC $72500 daily - Armada 'Carol' 1999 75608 dwt dely
Ube 18/20 July trip via NoPac redel Far East $57000 daily - Cargill
'Vogeprosperity' Transfield relet 1995 75000 dwt dely Taiwan ppt balance of
period until 28 Nov redel worldwide $55000 daily - cnr 'Alkyon' 2001 74875
dwt dely Zhangjiagang 17/20 July 24/26 months trading redel worldwide
$43000 daily - STX Pan Ocean 'Gianfranca D'Aamto' 2000 74716 dwt dely
Worldwide Aug/Sept 2 years trading redel worldwide $43000 daily - Pan Ocean
UK 'Ever Shining' 1999 74346 dwt dely Taiwan 22/25 July trip via Indonesia
redel Japan $59000 daily - 'K' Line 'Ji Mei Long' 1981 74290 dwt dely
Cartagena 21/25 Aug trip via US Gulf redel Skaw-Cape Passero $46000 daily -
Noble -
'Banzai' 2002 74181 dwt - daily>
'Banzai' Transfield relet 2002 74181 dwt dely Antwerp 23/25 July 4/6 months
trading redel worldwide $62000 daily - Oldendorff 'Padre' 2004 73600 dwt
dely Sparrows Point 21/24 July balance of period
14
Oct/14 Nov redel worldwide $59000 daily + $875000 bb - STX Pan Ocean 'Iron
Man' 1997 72861 dwt dely Worldwide Oct/Nov 2 years trading redel worldwide
$41250 daily - STX Pan Ocean 'Happy Day' 1997 71694 dwt dely Kawasaki 30
July/30 Aug 5/7 months trading redel worldwide $54000 daily - Britannia Bulk
'Hanjin New Orleans' 1994 70337 dwt dely Zhangjiagang 17/21 July balance of
period min 31 Aug/max 31 Sept redel worldwide $53500 daily - Daebo
'Aristides NP' 1993 69300 dwt dely US Gulf 5/10 Aug trip via US Gulf &
Eyptian Med redel Cape Passero $58000 daily + $1.1 million bb - National
Navigation of Cairo 'Tobata Max' 1993 69235 dwt dely Iran 1/10 Aug 3/5
months trading redel worldwide $48250 daily - Atlas 'Yasa Gulten' 2005 55953
dwt dely Japan spot abt 3/5 months trading redel worldwide $44500 daily -
Norden 'Riva Wind' 2005 53533 dwt dely Antwerp 20/30 July trip via USGulf
redel Japan $47500 daily - Cargill 'Triple Ever' 2005 52454 dwt dely
Altamira spot trip via USGulf and Adriatic redel Otranto approx $70000
daily - Armada 'Ocean Prelate' 2002 52433 dwt dely worldwide July/September
2007 4/6 months trading redel worldwide $44100 daily - Chinese charterer
'Clipper Gemini' 2003 51187 dwt dely West Africa 1/12 August trip via East
Coast South America redel Singapore-Japan $55000 daily - Korea Line
'Peregrine' 2001 50913 dwt dely Abidjan 20/25 July trip via East Coast
South America redel Singapore-Japan $51500 daily - Cargill - 'Basic Arrow'
2001 48907 dwt dely Haldia spot trip redel China $39500 daily - cnr
'Clipper Transporter' 2006 30570 dwt dely Maracaibo spot trip via USGulf
redel Med $54000 daily - Italian charterer

ORE
'Lowlands Surnrise' 2003 160000/10 Guaiba/Rotterdam 1/15 Aug $30.00 fio
scale/25000sc - TKS 'Cape Heron' 2005 160000/10 Port Hedland/Qingdao 1/10
Aug $21.80 fio scale/30000sc - BHP Billiton 'Saldanha' 1995 160000/10 Port
Hedland/Qingdao 1/10 Aug $21.25 fio scale/30000sc
- BHP Billiton

COAL
'Mineral Sines' 2002 150000/10 Richards Bay/Rotterdam 28 July/5 Aug $26.50
fio scale/25000sc - BHP Billiton