THE BALTIC DRY INDEX THE DAILY FIXTURES REPORTS - DATED 01/08

The Daily Fixtures Report - 01/08/2007
-------------------------

BDI 6993 UP 26
BCI 9027 UP 97
BPI 7358 DOWN 26
BSI 4712 UP 7

TIMECHARTER
'Lowlands Longevity' NYK relet 2001 173044 dwt 11/12 Aug Kimitsu trip via
West Australia redel China $97500 daily - BHP Billiton 'Alpha Cosmos' EdF
relet 2001 172494 dwt dely Dalian 8/10 Aug trip via West Australia redel
Japan $96000 daily - MOSK 'Cape Africa' 1991 149533 dwt dely S.China 15/20
Aug 16/18 months trading redel worldwide approx $75500 daily - North China
Shipping 'Martha' 1994 149000 dwt dely Chiba 7/10 Aug trip via EC
Australia redel S.Korea $83000 daily - Constellation 'Eurydice D' 1981
140532 dwt dely retro Kaohsiung 28 July trip via Brazil redel China $76500
daily - Pacific Bulk 'Good News' 1982 138491 dwt dely Far East in d/c end
Aug 4/6 months trading redel worldwide $45000 daily - HMM 'Penda Bulker'
2005 76250 dwt dely retro Hamburg 30 July 2 laden legs via Trombetas redel
Atlantic $65000 daily - Cobelfret 'Lietta' 2002 76015 dwt dely Kinuura 9/11
Aug trip via NoPac redel Japan $53500 daily - Dreyfus
'Star of Nippon' 2004 75611 dwt - Hanjin
not STX Pan Ocean>
'Yong Feng' 2000 74131 dwt dely Praia Mole 17/23 Aug trip via EC South
America redel Skaw-Cape Passero $64000 daily + $1.15 million bb - AWB Ltd
'Calms Seas' Morgan Stanley relet 1999 74047 dwt dely Immingham 4/8 Aug
trip via Baltic redel UKC $65000 daily - Armada 'Anangel Enosis' Oldendorff
relet 1995 73566 dwt dely Jorf Lasfar 5/6 Aug 6/8 months trading redel
worldwide $65000 daily - Navios 'Anangel Omonia' Atlas Bulk Shipping relet
1996 73519 dwt dely Sual 2/9 Aug trip via Hay Point redel Japan $55000
daily - Cargill 'Proteus' 1999 73018 dwt dely Taen 11/12 Aug period until
min 14 Feb/max 13 Mar
2008 redel worldwide $57000 daily - Norden 'Despina' Swiss Marine relet 1993
65644 dwt dely Point Lisas 15/17 Aug 65/80 days balance of period 1st leg
via Colombia redel worldwide $63000 daily
+
$900000 bb - Armada
'Five Stars Eternal' 1982 60665 dwt dely CJK 10/20 Aug trip redel PG int
clinker $43500 daily - Eta 'Jin Yi' 2007 55500 dwt dely Worldwide October
2007 18 months trading redel worldwide approx $44000 daily - Sunwoo 'Ocean
Diamond' 2007 53500 dwt dely Imabari 8/10 August trip via Nopac redel
Singapore/Japan $43500 daily - TMT 'Ocean Prefect' Cosbulk relet 2003 53055
dwt dely Chennai 7/12 August 2 years trading redel worldwide approx $41250
daily - Sinotrans Germany 'Namrun' Samsun relet 2001 52224 dwt dely
Worldwide January 2008 2 years trading redel worldwide approx $40000 daily -
Sunwoo 'Arctic Voyager' 1994 48170 dwt dely Black Sea spot trip redel
Pakistan $60000 daily - Shadab 'Anatoli' 1998 47116 dwt dely Mumbai spot
trip via India redel China $35000 daily - North China Shipping 'Ken' 1998
46747 dwt dely Singapore/Japan 15/30 August 4/6 months trading redel
worldwide $42000 daily - STX Pan Ocean - report> 'Konkar Theo' 1994 45237
dwt dely in d/c retro Shanghai 28 July 5/7 months trading redel worldwide
$41000 daily - Allied
'St.Andrew' 1996 41455 dwt - and the
ship is still open>

COAL
'Anangel Eternity' IVS relet 2005 150000/10 Richards Bay/Rotterdam end
Aug/ely Sept $28.00 fio scale/25000sc - Sasol