The Baltic Dry Index Dry cargo fixture summary - 20 July

Dry cargo fixture summary - 20 July 2007

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BDI Baltic Dry Index 6601 UP 34

BCI Baltic Capesize Index 8303 UP 83

BPI Baltic Panamax Index 7109 DOWN 34

BSI Baltic Supramax Index 4493 UP 38

BHSI Baltic Handysize Index 2233 UP 26

Timecharter

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'Diamond Warrior' 1984 197090 dwt dely Caofeidian end July/ely Aug trip

via Port Hedland redel China $80000 daily - Wylex

'Cape Awoba' 1996 171979 dwt dely Beilun end July trip via Port Hedland

redel Qingdao $88500 daily - BHP Billiton

'Lowlands Beilun' Armada relet 1999 170162 dwt dely retro Carboneras 16

July trip via Brazil redel China $112000 daily - Oldendorff

'Brisbane' 1995 151066 dwt dely PMO 30/31 July trip via Brazil redel

China $93750 daily - Transfield

'Orange Truth' Norden relet 2006 83051 dwt dely Worldwide 1/31 Dec 23/25

months trading redel worldwide $44000 daily - NCS

'Pos Courage' 2004 76801 dwt dely Xingang 6/8 Aug 4/6 months trading

redel worldwide $55000 daily - NCS

'Agios Raphael' 1983 76697 dwt dely Mundra 22/24 July trip via EC South

America redel Continent $47500 daily - cnr

'CMB Italia' 2005 76620 dwt - <reported 19/07 details as reported are

incorrect>

'Pos Dignity' 2004 76600 dwt dely Kosichang 29/30 July trip via Bunbury

redel Bahrain int alumina $55000 daily - Baumarine

'Lietta' CTP relet 2002 76010 dwt dely Xiamen 23/25 July trip via

Indonesia redel S.Korea $48000 daily - HMM

'Loch Maree' 2004 75845 dwt dely Lanshan 22/24 July trip via Gladstone

redel Taiwan $44500 daily - Daeyang

'Nord Neptune' 2006 75726 dwt dely Valencia 1/3 aug trip via Nouadhibou

redel Fos $70000 daily - SK Shipping

'Tianjin Pioneer' 2005 75500 dwt dely Immingham 1/5 Aug 2 consecs via

Spitzbergen redel UKC $70000 daily - Jebsens

'Hang Ta' 1998 74682 dwt dely Le Havre 21/26 July 2 consecs via

Spitzbergen redel UKC $70000 daily - Jebsens

'Beauty Donor' 1997 73767 dwt dely Antwerp 9/14 Aug 3/4 months trading

redel worldwide $65000 daily - CTP

'Cupid Feather' 1994 68621 dwt dely Ravenna 27 July/4 Aug 11/13 months

trading redel worldwide $49000 daily - cnr

'Santa Maria I' 1984 67296 dwt dely Fos ppt trip via EC South America

redel Skaw-Cape Passero $61000 daily - Cargill

'Lancelot' 1982 61883 dwt dely Dahej 7/11 Aug via Aqaba redel China int

ferts $41000 daily - Noble

'Ding Xiang Hai' 2000 47787 dwt dely Kashima 23/28 July trip via Nopac

redel Japan $40000 daily - cnr

'Saga Frontier' 2007 46652 dwt 14 on 35 + 2 (10 ho 10 ha) dely Port

Canaveral 7/15 August trip via USGulf redel Singapore-Japan $45500 daily

- STX Pan Ocean

'North Star' 1985 42219 dwt dely Bandar Khomeini spot trip via Shuaiba

redel South China $30000 daily - STX Pan Ocean

Ore

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'Front Breaker' obo 1991 150000/10 Nouadhibou/Rotterdam 1/15 Aug $18.50

fio scale/30000sc - Rogesa

'New Venturer I' 1981 100000/10 Port Cartier/El Dekheila 3/14 Aug $29.80

fio scale/30000fc - ANSDK

Coal

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'Gaia' 1999 160000/10 Roberts Bank/Rotterdam 25 Aug/10 Sept $40.40 fio 7

days sc - TKS

Grain

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'Altair' Armada relet 60000/10 wheat Mississippi River/El Dekheila 5/15

Aug $63.50 fio 10000sc/8000fx - Venus

End