The Baltic Dry Index Dry cargo fixture summary - 05 July

Dry cargo fixture summary - 05 July 2007

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BDI Baltic Dry Index 6251 DOWN 42

BCI Baltic Capesize Index 8001 DOWN 292

BPI Baltic Panamax Index 6878 UP 129

BSI Baltic Supramax Index 4092 UP 15

BHSI Baltic Handysize Index 1994 UP 8

Timecharter

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'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 - <corrects the 04/07 report of

the Filomena 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 - <fixed last week>

'Perla Bulker' J.Lauritzen relet 2006 75949 dwt dely Tsuneishi 20/30 July

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 - <reported 04/07 redel should read Jorf

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 - <reported 04/07 the charterer is Deiulemar>

'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 - <reported

04/07 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

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'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