The Baltic Dry Index Dry Cargo Fixture Summary 06/08/07

Dry cargo fixture summary - 06 August 2007 ==========================

BDI Baltic Dry Index 6990 DOWN 17
BCI Baltic Capesize Index 9267 UP 22
BPI Baltic Panamax Index 7073 DOWN 91
BSI Baltic Supramax Index 4719 UP 5
BHSI Baltic Handysize Index 2386 UP 9

Timecharter
-----------
'Cape Albatross' 2007 203185 dwt dely Kwangyang 15/17 Aug 12 months
trading redel worldwide $110000 daily - Shagang

'Magdalene' 1989 149350 dwt - <reported 03/08 redel should
read Atlantic and not worldwide>

'Constantinoupolis' 1981 128149 dwt dely Worldwide Nov 2008 12 months
trading redel worldwide $40000 daily - CM & Marine

'Osmarine' 2006 76596 dwt dely Kobe 14/16 Aug 11/13 months trading redel
worldwide $55000 daily - Transfield

'Primose' 2002 74716 dwt dely aps Tarahan 9/14 Aug trip redel Porto
Torres $45000 daily + $500000 bb - cnr

'Seawind' Dreyfus relet 1996 74012 dwt dely Nagoya 6/8 Aug 4/6 months
trading redel worldwide $56000 daily - Oldendorff

'Armia Krajowa' 1991 73505 dwt dely ARA rge 14/16 Aug 2 laden legs via
Spitzbergen redel ARA rge $63000 daily - Jebsens

'Shekou Sea' 1996 72394 dwt dely Gladstone 20/25 Aug trip Dalrymple Bay
redel Japan $53000 daily + $725000 bb - Daiichi

'Turnberry Glory' 1987 68308 dwt dely Taiwan 12/15 Aug trip via Indonesia
redel Taiwan $44000 daily - OBS

'Tropical Queen' 2005 52498 dwt dely Cotonou 13/17 August trip via Rio
Grande redel Singapore-Japan $62500 daily - Korean charterer

'Gloriana' 2000 52068 dwt - <The vessel was not fixed by
Cargill and the details were not correct - corrects 03/08 report>

'Arcadia' 2002 50000 dwt dely Indonesia 15/18 August trip redel Continent
$42500 daily - Cargill

COAL
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'TBN' 60000/10 Hampton Roards/Yuzhnyy 20/30 Aug $46.00 fio 20000sc/10000sc
- Duferco