The Baltic Dry Index Dry cargo fixture summary - 12 July

Dry cargo fixture summary - 12 July 2007

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BDI Baltic Dry Index 6656 UP 172

BCI Baltic Capesize Index 8704 UP 344

BPI Baltic Panamax Index 7288 UP 103

BSI Baltic Supramax Index 4268 UP 103

BHSI Baltic Handysize Index 2064 UP 27

Timecharter

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'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 - <recent>

'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 - <reported 11/07 failed; reported with STX Pan

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 - <recent>

'Banzai' 2002 74181 dwt - <reported 11/07 the rate to Transfield is

$57000 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 - <recent>

'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

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'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

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'Mineral Sines' 2002 150000/10 Richards Bay/Rotterdam 28 July/5 Aug

$26.50 fio scale/25000sc - BHP Billiton