feedburner
Enter your email address:

Delivered by FeedBurner

feedburner count

Tuesday, September 25, 2007

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 24/09/2007

The Daily Fixtures Report - 24/09/2007
-------------------------

BDI 9082 UP 126
BCI 12842 UP 292
BPI 9386 UP 98
BSI 5505 UP 11
BHSI 2729 UP 25

TIMECHARTER
'Tian Lu Hai' 2005 174398 dwt dely Worldwide Jan/Mar 2008 1 years trading
redel worldwide $125000 daily - Crownland
'Mona Pegasus' 2000 172571 dwt - $150000 daily is incorrect the>
'Channel Alliance' Glory Wealth relet 1996 171978 dwt dely Far East Oct
12
months trading redel worldwide $130000 daily - Shagang 'Anangel Explorer'
NCS relet 2007 171927 dwt dely China Jan/Mar 2008 2 years trading redel
worldwide $115000 daily - Crownland 'Cape Pioneer' Cargill relet 2005 170012
dwt dely Japan 15/31 Oct 1 years trading redel worldwide $135000 daily -
Cosco Qingdao 'Duhallow' 1993 122774 dwt dely Kaoshiung 27/30 Sept trip
via Indonesia redel S.Korea $115000 daily - Samsun 'Tai Progress' 2004 77834
dwt dely Rotterdam 1/3 Oct trip via Brazil redel Ghent $75000 daily -
Kleimar 'Tianjin Pioneer' 2005 75845 dwt dely Constanza 25/28 Sept trip
via Black Sea redel Bin Qasim $80000 daily - Shadab
'Austin' 1995 75229 dwt - is 29/31 months trading>
'Diamond Seas' 2001 74247 dwt dely River Plate 20/30 Oct trip redel
Singapore-Japan rge $78000 daily + $1.55 million bb - Fairfield
'Yong Tai' 2001 74060 dwt -
'Theodoros P' 2002 73810 dwt dely Amsterdam 21/23 Sept trip via EC South
America redel Far East $72500 daily - Grand Ocean 'Great Jade' 1997 73192
dwt dely Zhoushan 13/17 Oct 3/5 months trading redel worldwide $78000 daily
- cnr 'Fu Tong' 1998 71330 dwt dely Zhoushan 28/30 Sept 5/6 months trading
redel worldwide $78000 daily - Cargill -
'Mass Merit' 1993 69620 dwt - failed>
'Gem of Safaga' 1982 65123 dwt dely Paradip 27 Sept/5 Oct trip via
Indonesia redel Continent $55000 daily - cnr 'La Donna I' 1983 63800 dwt
dely dop Toros, Turkey 22/24 Sept 2 transatlantic rounds voyages abt 90/120
days duration redel Skaw-Cape Passero $61000 daily - Industrial Carriers
'Arhimidis SB' 1995 45320 dwt dely Chennai 1/10 October trip redel China
$55000 daily - Trustworth 'Leon 1' 1982 33460 dwt dely Up River prompt trip
redel Spain $50000 daily - Transgrain 'BK Champ' 1997 28399 dwt dely Malili
Indonesia 5/10 Oct trip via Australia redel Far East $39500 daily -
Oldendorff 'Vinashin Iron' 1984 22828 dwt dely Alexandria 28 Sept/1 Oct
trip redel Brazil $20000 daily - cnr

ORE
'TBN' 72500/10 Port Latta/China 10/20 Oct $50.65 fio scale/12000sc - Shagang

GRAIN
Armada TBN 25000/5 sbm Up River/Mersin 1/15 Oct $98.00 7000/6000 - Noble
Resources

The Baltic Dry index as of 21.sept.07

Subject: index as of 21.sept.07


Daily Summary of Baltic Exchange Dry Indices

20 September 2007

Baltic Exchange Dry Index TM 8619 (UP 190)

Baltic Exchange Capesize Index TM 11770 (UP 288)

Baltic Exchange Panamax Index TM 8978 (UP 314)

Baltic Exchange Supramax Index TM 5474 (UP 8)

Baltic Exchange Handysize Index TM 2685 (UP 26)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $138908 (UP 3513)

BPI Average of the T/C routes $72690 (UP 2534)

BSI Average of the T/C routes $57236 (UP 80)

BHSI Average of the T/C routes $39143 (UP 405)

Baltic Exchange Capesize Index 11770 (UP 288)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 36.686 1.000

C3 150000mt Tubarao - Beilun/Baoshan 15 72.438 1.563

C4 150000mt Richards Bay - Rotterdam 5 37.591 1.268

C5 150000mt W Australia - Beilun/Baoshan 15 28.705 0.705

C7 150000mt Bolivar - Rotterdam 5 37.777 1.054

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 135091 4136

C9_03 172000mt Continent/Mediterranean trip Far East 5 183083 4875

C10_03 172000mt Pacific RV 20 137000 3042

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 100458 2000

C12 150000mt Gladstone - Rotterdam 10 49.091 0.786

Average of the T/C Routes 138908 3513

Baltic Exchange Panamax Index 8978 (UP 314)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 70245 2816

P2A_03 74000mt SKAW-GIB/FAR EAST 25 73235 2797

P3A_03 74000mt Japan-SK/Pacific/RV 25 76926 2436

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 70355 2089

Average of the T/C Routes 72690 2534

Baltic Exchange Supramax Index 5474 (UP 8)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 58943 -316

S1B Canakkale Trip Far East 12.5 61588 -266

S2 Japan - SK / NOPAC or Australia rv 25 56290 417

S3 Japan - SK Trip Gib - Skaw range 25 55323 525

S4A US Gulf - Skaw-Passero 12.5 72528 -612

S4B Skaw-Passero - US Gulf 12.5 41600 -55

Average of the T/C Routes 57236 80

Baltic Exchange Handysize Index 2685 (UP 26)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31771 164

HS2 Skaw - Passero trip Boston - Galveston 12.5 32236 157

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49833 116

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52370 0

HS5 SE Asia trip via Australia to Singapore - Japan 25 37775 718

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 35693 686

Average of the T/C Routes 39143 405

THE BALTIC DRY INDEX T/C & Daily Panamax Report 21th Sep

Subject: T/C & Daily Panamax Report 21th September.xls


Dry cargo fixture summary - 21 September 2007

==========================


BDI Baltic Dry Index 8956 UP 337

BCI Baltic Capesize Index 12550 UP 780

BPI Baltic Panamax Index 9288 UP 310

BSI Baltic Supramax Index 5494 UP 20

BHSI Baltic Handysize Index 2704 UP 19

Timecharter

-----------

'China Steel Team' 2006 203512 dwt dely Kaohsiung 18/20 Sept trip via

Brazil redel Far East $155000 daily - STX Pan Ocean - <recent>

'Pacific Confidence' 2004 180181 dwt dely Baoshan 25/30 Sept trip via

West Australia redel China $147000 daily - cnr

'Navios TBN' newbuilding 180000 dwt dely ex yard Daewoo July 2009 5 years

trading redel worldwide $50000 daily nett - MOSK

'Southern Explorer' 2002 177493 dwt dely Pohang 10/20 Oct trip via West

Australia redel China $139000 daily - Constellation

'Harutamou' 2005 177000 dwt dely Japan 7/10 Oct trip via West Australia

redel China $145000 daily - BHP Billiton

'Pacific Yuan Geng' ex Zorbas 1996 174690 dwt dely Qingdao 1/15 Oct 3

years trading redel worldwide $75000 daily - STX Pan Ocean

'Cape Century' 2001 172683 dwt dely Taranto 1/5 Oct transatlantic round

redel Skaw-Cape Passero $160000 daily - 'K' Line

'Mona Pegasus' 2000 172571 dwt dely Cape Passero spot transatlantic round

redel UKC $150000 daily - Corus

'Ocean Queen' 2004 171015 dwt dely retro Qingdao 11 Sept trip via Brazil

redel China $135000 daily - Glory Wealth

'Alpha Era' EdF relet 2000 170387 dwt dely China end Sept trip via West

Australia redel Japan $132000 daily - NYK - <recent>

'CHS Bright' 1995 151053 dwt dely Nagoya end Sept trip via West Australia

redel China $126888 daily - Rio Tinto

'Cape America' 1991 149515 dwt dely Worldwide Feb/Mar 2008 4 years

trading redel worldwide $65000 daily - North China Shipping

'CE-Mikela' 2006 82239 dwt dely Rotterdam 28/30 Sept trip via Hampton

Roads redel Gijon $78000 daily - Cobelfret

'Belgrano' Sinochart relet 2004 76759 dwt dely Onahama 25/28 Sept trip

via NoPac redel S.China int ferts $80000 daily - Crownland

'Nord Saturn' BBL relet 2005 76620 dwt dely Dunkirk 28/30 Sept trip via

EC South America redel Far East $77000 daily - Chinese

'Torm Rotna' 2001 75955 dwt dely Yonghuan 232/25 Sept trip via Seattle

redel Japan $75000 daily - Dreyfus - <recent>

'Efrossini' 2003 75932 dwt dely Cape Passero 13/16 Sept trip via EC South

America redel Skaw-Cape Passero $67500 daily - Cargill - <recent>

'Austin' 1995 75473 dwt dely Worldwide Oct/Dec 2007 2.5 years trading

redel worldwide $56500 daily - Cosco Hong Kong (amended from earlier

report)

'Nordweser' 2001 75323 dwt dely Zhanjiang 25/28 Sept trip via Indonesia

redel Singapore-Japan $76000 daily - cnr

'Rizzo-Bottiglieri-De Carlini Armatori Spa TBN' 75000 dwt Fincantieri

type dely Atlantic 15/31 Oct 5/7 months trading redel worldwide $80000

daily - Armada

'Bargara' 2002 74500 dwt dely Amsterdam 29/30 Sept trip via Brazil redel

Skaw- Cape Passero $75500 daily - Azure

'Torm Anholt' 2004 74195 dwt dely Niihama 1/2 Oct trip via NoPac redel

Yemen $85000 daily - Noble

'Sea Urchin' 2001 74193 dwt dely Cape Passero 23/25 Sept trip via Brazil

redel Far East $69000 daily - Noble - <recent>

'Yong Tai' 2001 74060 dwt dely Shanghai 25/30 Sept 4/6 months trading

redel worldwide $80000 daily - Norden

'Naias' 2006 73546 dwt dely Masinloc 23/25 Sept trip via EC Australia

redel India $81000 daily - Sinochart - <the ship was reported 19/09 as

fixed but the business failed>

'Antonis G.Pappadakis' 1995 73506 dwt dely Zhoushan 23/25 Sept 10/11

months trading redel worldwide $68000 daily - Pacific Bulk Shipping -

<recent>

'Monte Pelmo' 2000 72917 dwt dely Hong Kong early Oct 3/5 months trading

redel worldwide $76000 daily - Norden

'Alpha Effort' relet 1999 72844 dwt dely Butterworth 1/4 Oct trip via

Indonesia redel Japan $79000 daily - NYK

'Bergen Max' 1994 72700 dwt dely Surabaya 3/5 Oct trip via Indonesia

redel S.Korea $90000 daily - Daeyang

'Menorca' 1997 71685 dwt dely Fangcheng 1/7 Oct trip via Indonesia redel

Spain $75000 daily - Morgan Stanley

'Esna' 1998 71571 dwt dely Yangjiang 23/26 Sept 4/6 months trading redel

worldwide $76000 daily - GMI

'Fu Da' 1997 71330 dwt dely Mississippi River 9/12 Oct trip redel

Singapore- Japan rge $69500 daily + $1.00 bb - cnr

'Mass Merit' 1993 69620 dwt dely Ijmuiden 1/5 Oct 4/6 months trading

redel worldwide $75000 daily - Armada

'Sun' 1983 66894 dwt dely Rotterdam 2/8 Oct trip via EC South America

redel Skaw-Cape Passero $62500 daily - cnr

'Golden Venture' 2007 53565 dwt dely Aden 25/27 September 4/6 months

trading redel worldwide $56000 daily - Oldendorff

'Tenshu Maru' 2004 52454 dwt dely Kandla 24/26 September trip redel China

$51000 daily - cnr

'Elsa Oldendorff' 1998 24021 dwt dely Tuticorin 25/30 Sept trip redel

China $29000 daily - cnr

Saturday, September 22, 2007

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 21/09/2007

 
The Daily Fixtures Report 21/09/2007

BDI  8956 UP 337
BCI 12550 UP 780
BPI  9288 UP 310
BSI  5494 UP  20
BHSI 2704 UP  19

TIMECHARTER
'China Steel Team' 2006 203512 dwt  dely Kaohsiung 18/20 Sept  trip via Brazil
redel Far East $155000 daily - STX Pan Ocean - 
'Pacific Confidence' 2004 180181 dwt  dely Baoshan 25/30 Sept  trip via West
Australia redel China $147000 daily - cnr
'Navios TBN' newbuilding 180000 dwt  dely ex yard Daewoo July 2009 5 years
trading redel worldwide $50000 daily nett - MOSK
'Southern Explorer' 2002 177493 dwt  dely Pohang 10/20 Oct  trip via West
Australia redel China $139000 daily - Constellation
'Harutamou' 2005 177000 dwt  dely Japan 7/10 Oct  trip via West Australia redel
China $145000 daily - BHP Billiton
'Pacific Yuan Geng' ex Zorbas 1996 174690 dwt  dely Qingdao 1/15 Oct 3 years
trading redel worldwide $75000 daily - STX Pan Ocean
'Cape Century' 2001 172683 dwt  dely Taranto 1/5 Oct  transatlantic round redel
Skaw-Cape Passero $160000 daily - 'K' Line
'Mona Pegasus' 2000 172571 dwt  dely Cape Passero spot  transatlantic round
redel UKC $150000 daily - Corus
'Ocean Queen' 2004 171015 dwt  dely retro Qingdao 11 Sept  trip via Brazil redel
China $135000 daily - Glory Wealth
'Alpha Era' EdF relet 2000 170387 dwt  dely China end Sept  trip via West
Australia redel Japan $132000 daily - NYK - 
'CHS Bright' 1995 151053 dwt  dely Nagoya end Sept  trip via West Australia
redel China $126888 daily - Rio Tinto
'Cape America' 1991 149515 dwt  dely Worldwide Feb/Mar 2008 4 years trading
redel worldwide $65000 daily - North China Shipping
'CE-Mikela' 2006 82239 dwt  dely Rotterdam 28/30 Sept  trip via Hampton Roads
redel Gijon $78000 daily - Cobelfret
'Belgrano' Sinochart relet 2004 76759 dwt  dely Onahama 25/28 Sept  trip via
NoPac redel S.China int ferts $80000 daily - Crownland
'Nord Saturn' BBL relet 2005 76620 dwt  dely Dunkirk 28/30 Sept  trip via EC
South America redel Far East $77000 daily - Chinese
'Torm Rotna' 2001 75955 dwt  dely Yonghuan 232/25 Sept  trip via Seattle redel
Japan $75000 daily - Dreyfus - 
'Efrossini' 2003 75932 dwt  dely Cape Passero 13/16 Sept  trip via EC South
America redel Skaw-Cape Passero $67500 daily - Cargill - 
'Austin' 1995 75473 dwt  dely Worldwide Oct/Dec 2007 32.5 years trading redel
worldwide $56500 daily - Cosco Hong Kong (amended from earlier report)
'Nordweser' 2001 75323 dwt  dely Zhanjiang 25/28 Sept  trip via Indonesia redel
Singapore-Japan $76000 daily - cnr
'Rizzo-Bottiglieri-De Carlini Armatori Spa TBN' 75000 dwt Fincantieri type dely
Atlantic 15/31 Oct 5/7 months trading redel worldwide $80000 daily - Armada
'Bargara' 2002 74500 dwt  dely Amsterdam 29/30 Sept  trip via Brazil redel
Skaw-Cape Passero $75500 daily - Azure
'Torm Anholt' 2004 74195 dwt  dely Niihama 1/2 Oct  trip via NoPac redel Yemen
$85000 daily - Noble
'Sea Urchin' 2001 74193 dwt  dely Cape Passero 23/25 Sept  trip via Brazil redel
Far East $69000 daily - Noble - 
'Yong Tai' 2001 74060 dwt  dely Shanghai 25/30 Sept 4/6 months trading redel
worldwide $80000 daily - Norden
'Naias' 2006 73546 dwt  dely Masinloc 23/25 Sept  trip via EC Australia redel
India $81000 daily - Sinochart -  business failed>
'Antonis G.Pappadakis' 1995 73506 dwt  dely Zhoushan 23/25 Sept 10/11 months
trading redel worldwide $68000 daily - Pacific Bulk Shipping - 
'Monte Pelmo' 2000 72917 dwt  dely Hong Kong early Oct 3/5 months trading redel
worldwide $76000 daily - Norden
'Alpha Effort' relet 1999 72844 dwt  dely Butterworth 1/4 Oct  trip via
Indonesia redel Japan $79000 daily - NYK
'Bergen Max' 1994 72700 dwt  dely Surabaya 3/5 Oct  trip via Indonesia redel
S.Korea $90000 daily - Daeyang
'Menorca' 1997 71685 dwt  dely Fangcheng 1/7 Oct  trip via Indonesia redel Spain
$75000 daily - Morgan Stanley
'Esna' 1998 71571 dwt  dely Yangjiang 23/26 Sept 4/6 months trading redel
worldwide $76000 daily - GMI
'Fu Da' 1997 71330 dwt  dely Mississippi River 9/12 Oct  trip redel
Singapore-Japan rge $69500 daily + $1.00 bb - cnr
'Mass Merit' 1993 69620 dwt  dely Ijmuiden 1/5 Oct 4/6 months trading redel
worldwide $75000 daily - Armada
'Sun' 1983 66894 dwt  dely Rotterdam 2/8 Oct  trip via EC South America redel
Skaw-Cape Passero $62500 daily - cnr
'Dimitrios' 1990 66088 dwt  dely Piraeus 28 Sept/10 Oct  trip via EC South
America redel Skaw/Cape Passero $65000 daily - Bolton - 
'Golden Venture' 2007 53565 dwt  dely Aden 25/27 September 4/6 months trading
redel worldwide $56000 daily - Oldendorff
'Tenshu Maru' 2004 52454 dwt  dely Kandla 24/26 September  trip redel China
$51000 daily - cnr
'Elsa Oldendorff' 1998 24021 dwt  dely Tuticorin 25/30 Sept trip redel China
$29000 daily - cnr

Friday, September 21, 2007

The Baltic Dry index T/C report 18/09/2007

Dry cargo fixture summary - 18 September 2007 ==========================

BDI Baltic Dry Index 8313 UP 17
BCI Baltic Capesize Index 11168 UP 96
BPI Baltic Panamax Index 8588 DOWN 30
BSI Baltic Supramax Index 5474 DOWN 14
BHSI Baltic Handysize Index 2650 UP 4

Timecharter
-----------
'Gina Iuliano' 1990 122829 dwt dely Mailiao 23/25 Sept trip via Indonesia
redel S.Korea $92000 daily - Samsun - <fixed last week>

'Loch Lomond' 2002 75485 dwt dely Cape Passero 19/21 Sept trip via Brazil
redel China $72000 daily - cnr

'Topeka' 2001 74710 dwt dely retro Dangjing 16 Sept 0001 hours trip via
Australia redel Taiwan $72500 daily - Baumarine

'Maria Salamon' 2001 74117 dwt dely Mauban 25/27 Sept trip via Gladstone
redel Taiwan $79000 daily - STX Pan Ocean

'Global Challenger' 1996 73201 dwt dely Varna 30 Sept/3 Oct trip via Black
Sea redel Singapore-Japan rge $72600 daily - cnr

'Mercury K' 1997 72421 dwt dely Los Angeles 8/10 Oct trip redel
Singapore-Japan rge $74000 daily + $1.1 million bb - Swiss Marine

'Aleslevada' 1990 70367 dwt dely Hakata ppt trip via NoPac redel
Singapore- Japan rge $75000 daily - cnr

'Annoula' 1997 70281 dwt dely Hong Kong 21/25 Sept trip via Indonesia redel
Taiwan $65250 daily - cnr - <recent>

'Marigo' 1981 63284 dwt - <reported 17/09 the ship is an Aquavita relet>

'Seaeagle' 1981 61776 dwt dely PMO 21/25 Sept trip via Red Sea redel China
$51000 daily - Noble

'Yasa Ilhan' 2007 55518 dwt dely Xiamen 18/20 Sept trip via Philippines
redel Singapore-Japan $61000 daily - CNR

'Santa Rita' 2005 53459 dwt dely Brake 18/20 Sept trip via USGulf redel Far
East $55000 daily - ADM

Ore
---
'Transfield TBN' 160000/10 Sepetiba/Qingdao 18/27 Oct $71.00 fio scale/CQD -
Qingdao Steel

'Transfield TBN' 160000/10 Guaiba/Qingdao mid Nov $68.50 fio scale/CQD -
Qingdao Steel

'Noble Chartering TBN' 160000/10 Ponta Da Madeira/Dalian mid Oct $70.00 fio
scale/30000sc - Beitai Steel

'Taunton' 1986 150000/10 Sepetiba/Constanza 27 Sept/5 Oct approx $41.00 fio
scale/50000sc - Arcelor-Mittal

'Cosco Qingdao TBN' 65000/10 Geraldton/Qingdao 26 Sept/4 Oct $44.50 fio
24000sc/25000sc - Rizhao Steel

The Baltic Dry index as of 18.sept.07

Daily Summary of Baltic Exchange Dry Indices

18 September 2007

Baltic Exchange Dry Index TM 8313 (UP 17)

Baltic Exchange Capesize Index TM 11168 (UP 96)

Baltic Exchange Panamax Index TM 8588 (DOWN 30)

Baltic Exchange Supramax Index TM 5474 (DOWN 14)

Baltic Exchange Handysize Index TM 2650 (UP 4)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $131275 (UP 1399)

BPI Average of the T/C routes $69529 (DOWN 226)

BSI Average of the T/C routes $57232 (DOWN 152)

BHSI Average of the T/C routes $38612 (UP 56)

Baltic Exchange Capesize Index 11168 (UP 96)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.682 0.246

C3 150000mt Tubarao - Beilun/Baoshan 15 69.413 0.850

C4 150000mt Richards Bay - Rotterdam 5 35.591 0.191

C5 150000mt W Australia - Beilun/Baoshan 15 27.336 0.204

C7 150000mt Bolivar - Rotterdam 5 35.427 0.209

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 126023 1455

C9_03 172000mt Continent/Mediterranean trip Far East 5 172896 2438

C10_03 172000mt Pacific RV 20 129850 996

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 96333 708

C12 150000mt Gladstone - Rotterdam 10 47.536 0.004

Average of the T/C Routes 131275 1399

Baltic Exchange Panamax Index 8588 (DOWN 30)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67076 -812

P2A_03 74000mt SKAW-GIB/FAR EAST 25 70083 -651

P3A_03 74000mt Japan-SK/Pacific/RV 25 73843 234

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 67116 328

Average of the T/C Routes 69529 -226

Baltic Exchange Supramax Index 5474 (DOWN 14)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59577 -156

S1B Canakkale Trip Far East 12.5 62163 -201

S2 Japan - SK / NOPAC or Australia rv 25 55542 48

S3 Japan - SK Trip Gib - Skaw range 25 54630 177

S4A US Gulf - Skaw-Passero 12.5 73980 -1153

S4B Skaw-Passero - US Gulf 12.5 41795 -153

Average of the T/C Routes 57232 -152

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 62418 -272

S6 Jpn-SK trip via Aus/India 0 55723 105

S7 Trial: EC India - China 0 61642 -508

Baltic Exchange Handysize Index 2650 (UP 4)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31414 214

HS2 Skaw - Passero trip Boston - Galveston 12.5 31900 214

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49661 17

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52450 -190

HS5 SE Asia trip via Australia to Singapore - Japan 25 36843 135

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34893 -36

Average of the T/C Routes 38612 56

The Baltic index as of 20.sept.07

Daily Summary of Baltic Exchange Dry Indices 20 September 2007

Baltic Exchange Dry Index TM 8619 (UP 190)
Baltic Exchange Capesize Index TM 11770 (UP 288)
Baltic Exchange Panamax Index TM 8978 (UP 314)
Baltic Exchange Supramax Index TM 5474 (UP 8)
Baltic Exchange Handysize Index TM 2685 (UP 26)

Daily Summary of the Baltic Exchange Time Charter Routes Rate($/Day) Change

BCI Average of the T/C routes $138908 (UP 3513)

BPI Average of the T/C routes $72690 (UP 2534)

BSI Average of the T/C routes $57236 (UP 80)

BHSI Average of the T/C routes $39143 (UP 405)

Baltic Exchange Capesize Index 11770 (UP 288)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 36.686 1.000

C3 150000mt Tubarao - Beilun/Baoshan 15 72.438 1.563

C4 150000mt Richards Bay - Rotterdam 5 37.591 1.268

C5 150000mt W Australia - Beilun/Baoshan 15 28.705 0.705

C7 150000mt Bolivar - Rotterdam 5 37.777 1.054

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 135091 4136

C9_03 172000mt Continent/Mediterranean trip Far East 5 183083 4875

C10_03 172000mt Pacific RV 20 137000 3042

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 100458 2000

C12 150000mt Gladstone - Rotterdam 10 49.091 0.786

Average of the T/C Routes 138908 3513

Baltic Exchange Panamax Index 8978 (UP 314)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 70245 2816

P2A_03 74000mt SKAW-GIB/FAR EAST 25 73235 2797

P3A_03 74000mt Japan-SK/Pacific/RV 25 76926 2436

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 70355 2089

Average of the T/C Routes 72690 2534

Baltic Exchange Supramax Index 5474 (UP 8)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 58943 -316

S1B Canakkale Trip Far East 12.5 61588 -266

S2 Japan - SK / NOPAC or Australia rv 25 56290 417

S3 Japan - SK Trip Gib - Skaw range 25 55323 525

S4A US Gulf - Skaw-Passero 12.5 72528 -612

S4B Skaw-Passero - US Gulf 12.5 41600 -55

Average of the T/C Routes 57236 80

Baltic Exchange Handysize Index 2685 (UP 26)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31771 164

HS2 Skaw - Passero trip Boston - Galveston 12.5 32236 157

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49833 116

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52370 0

HS5 SE Asia trip via Australia to Singapore - Japan 25 37775 718

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 35693 686

Average of the T/C Routes 39143 405

The Baltic Dry Index THE DAILY FIXTURES REPORT- 20 SEPTEMBER 2007

The Daily Fixtures Report 20/09/2007

BDI 8619  UP 190
BCI 11770 UP 288
BPI 8978  UP 314
BSI 5474  UP   8
BHSI 2685 UP  26

TIMECHARTER
'Lowlands Orchid' 2005 176193 dwt  dely Japan end Sept  trip via West Australia
redel China $134500 daily - BHP Billiton
'Mineral Capeasia' 2005 175000 dwt  dely China 7/13 Oct 4/6 months trading redel
worldwide $140000 daily - Oldendorff
'Genco London' 2007 175000 dwt  dely ex yard SWS 28/30 Sept  trip via West
Australia redel China $135000 daily - BHP Billiton
'Nightwhisper' 1985 172428 dwt  dely Bayuquan 24/26 Sept  trip via Brazil redel
China $122000 daily - Transfield
'Cape Venus' 1996 170480 dwt  dely Shanghai 29 Sept/20 Oct  trip via West
Australia redel China $136000 daily - BHP Billiton
'Nightflight' 2004 170000 dwt  dely Qingdao 24/26 Sept  trip via West Australia
redel China $135000 daily - BHP Billiton
'Cape Oceania' 1994 151025 dwt  dely Mailiao 4/7 Oct  trip via Indonesia & Koper
redel Cape Passero $85000 daily - Morgan Stanley
'Formosabulk Allstar' 1995 150393 dwt  dely ex dry dock Guangzhou 1/5 Oct  trip
via Goa redel Japan $126000 daily - NYK
'Eptalofos'  2007 92567 dwt  dely retro Cape Passero 15 Sept  trip via Brazil
redel China $81000 daily - Sinochart Beijing
'Yasa Fortune' 2006 82849 dwt  dely Lisbon 24/27 Sept  trip via Brazil redel
China int ore $75000 daily - Noble
'Torm Skagen' EdF relet 2006 77171 dwt  dely Gijon 24/28 Sept  trip via
Nouadhibou redel Continent $69000 dily - Atlas Bulk Shipping
'Red Queen' 2005 76830 dwt  dely Zhoushan 22/25 Sept 4/6 months trading redel
worldwide $74500 daily - Cargill
'Crown Star' 2002 76662 dwt  dely aps Brazil 25/28 Sept  trip redel
Singapore-Japan int ore $70000 daily + $1.4 million bb - cnr
'Michele D'Amato' 2005 76290 dwt  dely Matsuura 24/28 Sept 3/5 months trading
redel worldwide $76500 daily - Swiss Marine
'Maritime Hareshio' 2006 75740 dwt  dely Amsterdam 28/30 Sept balance of period
24 Mar 2008 redel worldwide $76000 daily - Glory Wealth
'Fujian' 1997 75300 dwt  dely Nanao 3/4 Oct balance of period 31 Aug 2008 redel
worldwide $70000 daily - STX Pan Ocean
'Avra' Norden relet 2001 75169 dwt  dely Spain 22/30 Sept balance of period end
Mar 2008 redel worldwide $74500 daily - GMI
'Coal Glory' 1995 74760 dwt  dely Immingham spot  trip via US Gulf redel
Singapore-Japan rge $69500 daily - Dreyfus
'Blumenau' STX Pan Ocean relet 2000 73981 dwt  dely Pipavav 28 Sept/3 Oct  trip
via WC India redel China $63000 daily - Brownstone
'Global F' 1998 73729 dwt  dely aps SW Pass 23/25 Sept  trip via US Gulf redel
Aden-PMO $61500 daily + $1.1 million bb - Bunge - 
'Bertram' 1995 73506 dwt  dely Fukuyama 20/23 Sept  trip via EC Australia redel
Japan $74000 daily - cnr
'Waimea' 1997 73048 dwt  dely Worldwide Jan/Feb 2008 1 years trading redel
worldwide $65000 daily - cnr
'Iran Gilan' CTP relet 2000 72642 dwt  dely Jiangyin 21/25 Sept 3/4 months
trading redel worldwide $74500 daily - Cargill
'Samjon Spirit' 1994 71730 dwt  dely Mundra 30 Sept/9 Oct  trip via EC India
redel Japan $62000 daily - NYK
'Feng Shan Hai' 1994 69930 dwt  dely Cape Passero 20/23 Sept balance of period
Dec 2007 ist leg Kamsar/Point Comfort redel worldwide $63500 daily - Fairfield
'Agios Emilianos' 1989 69400 dwt  dely Paranagua 1/5 Oct  trip via EC South
America redel Singapore-Japan rge $64500 daily + $1.25 - Dreyfus
'Joyous Age' STX Pan Ocean 1995 69286 dwt  dely Mississippi River 28 Sept/1 Oct
trip redel Singapore-Japan rge $65000 daily + $1.00 million bb - NYG - 
'First Endeavour' Rizzo-Bottiglieri-De Carlini Armatori Spa relet 1994 69111 dwt
 dely Shanghai 15/20 Oct 5/7 months trading redel worldwide $76000 daily -
Norden
'Maratha Explorer' Rizzo-Bottiglieri-De Carlini Armatori Spa relet 1990 68849
dwt  dely China 5/10 Oct 5/7 months trading redel worldwide $75000 daily -
Norden
'Silver Mei' 1989 68676 dwt  dely Xiamen 26/29 Sept 4/6 months trading redel
worldwide $69500 daily - Oldendorff
'Caravos Horizon' 1985 68438 dwt  dely Mississippi River spot  trip via US Gulf
redel Med $56500 daily + $1.00 million bb - Windrose
'Athos' 1977 67839 dwt  dely S.Korea 23/25 Sept  trip via Banjarmasin redel
S.China $39500daily - Danzas
'Taiglad' 1983 64754 dwt  dely Amsterdam 28/30 Sept  trip via EC South America
redel Skaw-Cape Passero $62000 daily - cnr
'Jin Yuan'  2007 55400 dwt  dely Magdalla 24/30 Sept trip redel China approx
$52000 daily - Noble
'Kang Yu' 2004 52988 dwt  dely Ravenna 1/5 Oct 5/7 months trading redel
worldwide $58000 daily - cnr
'Dubai Jewel' 2004 52951 dwt  dely Hong Kong 26/30 September  trip via
Philippines redel North China $65000 daily - Eastern Ocean
'New Orion' 2003 52191 dwt  dely Shimizu 26/30 September  trip via Philippines
redel Singapore-Japan $54500 daily - cnr
'Eleni M' 2001 50992 dwt  dely Fangcheng 21/23 September  trip via South-East
Asia redel Med-Black Sea approx $60000 daily - cnr
'Mutsushio' 2002 50363 dwt  dely Altamira 26/30 September  trip via USGulf redel
Singapore-Japan $70000 daily - Korean charterer
'Yong An 3' 1996 44109 dwt  dely Tampa 1/3 October  trip via USGulf redel
Singapore-Japan $62500 daily - Hanjin
'Pontomedon' 1985 37596 dwt  dely Recalada late Sept trip redel Spain $42000
daily + $750000 bb - Dreyfus
'Proikonissos' 1985 29399 dwt  dely Lisbon 25/30 Sept trip via France redel West
Africa approx $34000 daily - Sometra
'Baltic Bulker' 1995 28754 dwt  dely Niihama 21/22 Sept trip redel South Africa
$39500 daily - cnr
 

The Baltic index as of 19.sept.07

Subject: index as of 19.sept.07


Daily Summary of Baltic Exchange Dry Indices

19 September 2007

Baltic Exchange Dry Index TM 8429 (UP 116)

Baltic Exchange Capesize Index TM 11482 (UP 314)

Baltic Exchange Panamax Index TM 8664 (UP 76)

Baltic Exchange Supramax Index TM 5466 (DOWN 8)

Baltic Exchange Handysize Index TM 2659 (UP 9)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $135395 (UP 4120)

BPI Average of the T/C routes $70156 (UP 627)

BSI Average of the T/C routes $57156 (DOWN 76)

BHSI Average of the T/C routes $38738 (UP 126)

Baltic Exchange Capesize Index 11482 (UP 314)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 35.686 1.004

C3 150000mt Tubarao - Beilun/Baoshan 15 70.875 1.462

C4 150000mt Richards Bay - Rotterdam 5 36.323 0.732

C5 150000mt W Australia - Beilun/Baoshan 15 28.000 0.664

C7 150000mt Bolivar - Rotterdam 5 36.723 1.296

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 130955 4932

C9_03 172000mt Continent/Mediterranean trip Far East 5 178208 5312

C10_03 172000mt Pacific RV 20 133958 4108

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 98458 2125

C12 150000mt Gladstone - Rotterdam 10 48.305 0.769

Average of the T/C Routes 135395 4120

Baltic Exchange Panamax Index 8664 (UP 76)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67429 353

P2A_03 74000mt SKAW-GIB/FAR EAST 25 70438 355

P3A_03 74000mt Japan-SK/Pacific/RV 25 74490 647

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 68266 1150

Average of the T/C Routes 70156 627

Baltic Exchange Supramax Index 5466 (DOWN 8)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59259 -318

S1B Canakkale Trip Far East 12.5 61854 -309

S2 Japan - SK / NOPAC or Australia rv 25 55873 331

S3 Japan - SK Trip Gib - Skaw range 25 54798 168

S4A US Gulf - Skaw-Passero 12.5 73140 -840

S4B Skaw-Passero - US Gulf 12.5 41655 -140

Average of the T/C Routes 57156 -76

Baltic Exchange Handysize Index 2659 (UP 9)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31607 193

HS2 Skaw - Passero trip Boston - Galveston 12.5 32079 179

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49717 56

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52370 -80

HS5 SE Asia trip via Australia to Singapore - Japan 25 37057 214

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 35007 114

Average of the T/C Routes 38738 126

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 19/09/2007

The Daily Fixtures Report 19/09/2007

BDI 8429 UP 116
BCI 11482 UP 314
BPI 8664 UP 76
BSI 5466 DOWN 8
BHSI 2659 UP 9

TIMECHARTER
'Ina' 2003 176423 dwt  dely Chiba 21-23 Sept  trip via West Australia redel
Japan $132000 daily - MOSK
'Thalassini Niki' SK Shipping relet 2005 174566 dwt  dely Hansaport 29/30 Sept
trip via Brazil redel Far East approx $175000 daily - STX Pan Ocean
'Aquabeauty' Korea Line relet 2003 171009 dwt  dely Nantong 22/25 Sept  trip via
West Australia redel China $136000 daily - BHP Billiton
'Anangel Solidarity' Morgan Stanley relet 1993 161545 dwt  dely Cape Passero 3/5
Oct  trip via Brazil redel Far East $166000 daily - SK Shipping
'Cape Australia' 1990 149513 dwt  dely Cape Passero 26/27 Sept  trip via Bolivar
redel Algeciras $120000 daily - Elcano
'IVS Merlot' TMT relet 2005 76150 dwt  dely Canakkale 20/28 Sept  trip via Black
Sea redel Aden-Muscat $69000 daily - grain house
'North Friendship' 1999 74732 dwt  dely Rotterdam 5/10 Oct  trip via Spitzbergen
redel UKC $68000 daily - Jebsens
'Elinakos' MBC Shipping relet 1997 73951 dwt  dely Huangpu ppt 3/5 months
trading redel worldwide $71000 daily - Dreyfus
'Bonanza' 2004 73613 dwt  dely Worldwide 1 Jan/30 Mar 2009 23/25 months trading
redel worldwide $34000 daily - cnr
'Huang Shan Hai' 1998 73596 dwt  dely Taean 24/27 Sept balance of period 10
Jan/11 Feb redel worldwide $76500 daily - North China Shipping
'Naias' 2006 73546 dwt  dely Masinloc 23/25 Sept  trip via EC Australia redel
Japan $81000 daily - Oldendorff
'Bulk Cedar' 1998 73330 dwt  dely Point Tupper 30 Sept/2 Oct  trip Tampa redel
India $70500 daily + $675000 bb - Cargill - 
'Coal Age' BHP Billiton relet 1997 72824 dwt  dely Cape Passero 18/22 Sept 2
laden legs 1st leg via USEC redel Atlantic $65250 daily - Industrial Carriers
'Anna' NYK relet 1995 72516 dwt  dely aps Recalada 1/10 Oct  trip redel
Singapore-Japan rge $65500 daily + $1.1 million bb - Noble
'Xinshi Hai' 1995 70728 dwt  dely Brindisi 20/23 Sept 2 laden legs 1st Newport
News/Jorf Lasfar redel worldwide $65000 daily - EdF
'Zhen Xing Hai' 1995 69877 dwt  dely US Gulf 2/4 Oct  trip redel Far East $64000
daily + $1.1 million bb - cnr
'Maratha Explorer' 1990 68849 dwt  dely Singapore spot  trip via Indonesia redel
Taiwan $62000 daily - Ta Ho
'Pos Freedom' 2005 55695 dwt  dely N. China in d/c end Sept trip via Indonesia
redel China $63000 daily - Tong Li
'Rosella' 2005 29870 dwt  dely Zhoushan ppt 2 laden legs redel Far East approx
$43000 daily - S.Korean chrtr - 

ORE
'Stonegate' 1984 170000/10 Tubarao/Qingdao 8/12 Oct $68.00 fio 3 days sc/30000sc
- CVRD
'Rubin Phoenix' 1997 160000/10 Ponta Da Madeira/Qingdao end Sept/ely Oct $69.00
fio 3 days sc/30000sc - CVRD
'Bet Scouter' ex Saldanha 1995 160000/10 Port Hedland/Qingdao 1/5 Oct $27.80 fio
scale/30000sc - BHP Billiton

COAL
TBN 70000/10 IBT/Mauban 1/15 Oct $19.00 fio 35000sc/20000sc - Cetragpa
 

The Baltic Dry Index 18/09/2007

Dry cargo fixture summary - 18 September 2007 ==========================

BDI Baltic Dry Index 8313 UP 17
BCI Baltic Capesize Index 11168 UP 96
BPI Baltic Panamax Index 8588 DOWN 30
BSI Baltic Supramax Index 5474 DOWN 14
BHSI Baltic Handysize Index 2650 UP 4

Timecharter
-----------
'Gina Iuliano' 1990 122829 dwt dely Mailiao 23/25 Sept trip via Indonesia
redel S.Korea $92000 daily - Samsun - <fixed last week>

'Loch Lomond' 2002 75485 dwt dely Cape Passero 19/21 Sept trip via Brazil
redel China $72000 daily - cnr

'Topeka' 2001 74710 dwt dely retro Dangjing 16 Sept 0001 hours trip via
Australia redel Taiwan $72500 daily - Baumarine

'Maria Salamon' 2001 74117 dwt dely Mauban 25/27 Sept trip via Gladstone
redel Taiwan $79000 daily - STX Pan Ocean

'Global Challenger' 1996 73201 dwt dely Varna 30 Sept/3 Oct trip via Black
Sea redel Singapore-Japan rge $72600 daily - cnr

'Mercury K' 1997 72421 dwt dely Los Angeles 8/10 Oct trip redel
Singapore-Japan rge $74000 daily + $1.1 million bb - Swiss Marine

'Aleslevada' 1990 70367 dwt dely Hakata ppt trip via NoPac redel
Singapore- Japan rge $75000 daily - cnr

'Annoula' 1997 70281 dwt dely Hong Kong 21/25 Sept trip via Indonesia redel
Taiwan $65250 daily - cnr - <recent>

'Marigo' 1981 63284 dwt - <reported 17/09 the ship is an Aquavita relet>

'Seaeagle' 1981 61776 dwt dely PMO 21/25 Sept trip via Red Sea redel China
$51000 daily - Noble

'Yasa Ilhan' 2007 55518 dwt dely Xiamen 18/20 Sept trip via Philippines
redel Singapore-Japan $61000 daily - CNR

'Santa Rita' 2005 53459 dwt dely Brake 18/20 Sept trip via USGulf redel Far
East $55000 daily - ADM

Ore
---
'Transfield TBN' 160000/10 Sepetiba/Qingdao 18/27 Oct $71.00 fio scale/CQD -
Qingdao Steel

'Transfield TBN' 160000/10 Guaiba/Qingdao mid Nov $68.50 fio scale/CQD -
Qingdao Steel

'Noble Chartering TBN' 160000/10 Ponta Da Madeira/Dalian mid Oct $70.00 fio
scale/30000sc - Beitai Steel

'Taunton' 1986 150000/10 Sepetiba/Constanza 27 Sept/5 Oct approx $41.00 fio
scale/50000sc - Arcelor-Mittal

'Cosco Qingdao TBN' 65000/10 Geraldton/Qingdao 26 Sept/4 Oct $44.50 fio
24000sc/25000sc - Rizhao Steel

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 18/09/2007

The Daily Fixtures Report - 18/09/2007

BDI  8313 UP   17
BCI 11168 UP   96
BPI  8588 DOWN 30
BSI  5474 DOWN 14
BHSI 2650 UP    4

TIMECHARTER
'Gina Iuliano' 1990 122829 dwt  dely Mailiao 23/25 Sept  trip via Indonesia
redel S.Korea $92000 daily - Samsun - 
'Loch Lomond' 2002 75485 dwt  dely Cape Passero 19/21 Sept  trip via Brazil
redel China $72000 daily - cnr
'Topeka' 2001 74710 dwt  dely retro Dangjing 16 Sept 0001 hours  trip via
Australia redel Taiwan $72500 daily - Baumarine
'Maria Salamon' 2001 74117 dwt  dely Mauban 25/27 Sept  trip via Gladstone redel
Taiwan $79000 daily - STX Pan Ocean
'Global Challenger' 1996 73201 dwt  dely Varna 30 Sept/3 Oct  trip via Black Sea
redel Singapore-Japan rge $72600 daily - cnr
'Mercury K' 1997 72421 dwt  dely Los Angeles 8/10 Oct  trip redel
Singapore-Japan rge $74000 daily + $1.1 million bb - Swiss Marine
'Aleslevada' 1990 70367 dwt  dely Hakata ppt  trip via NoPac redel
Singapore-Japan rge $75000 daily - cnr
'Annoula' 1997 70281 dwt  dely Hong Kong 21/25 Sept  trip via Indonesia redel
Taiwan $65250 daily - cnr - 
'Marigo' 1981 63284 dwt      - 
'Seaeagle' 1981 61776 dwt  dely PMO 21/25 Sept  trip via Red Sea redel China
$51000 daily - Noble
'Yasa Ilhan' 2007 55518 dwt  dely Xiamen 18/20 Sept  trip via Philippines redel
Singapore-Japan $61000 daily - CNR
'Santa Rita' 2005 53459 dwt  dely Brake 18/20 Sept trip via USGulf redel Far
East $55000 daily - ADM

ORE
'Transfield TBN' 160000/10 Sepetiba/Qingdao 18/27 Oct $71.00 fio scale/CQD -
Qingdao Steel
'Transfield TBN' 160000/10 Guaiba/Qingdao mid Nov $68.50 fio scale/CQD - Qingdao
Steel
'Noble Chartering TBN' 160000/10 Ponta Da Madeira/Dalian mid Oct $70.00 fio
scale/30000sc - Beitai Steel
'Taunton' 1986 150000/10 Sepetiba/Constanza 27 Sept/5 Oct approx $41.00 fio
scale/50000sc - Arcelor-Mittal
'Cosco Qingdao TBN' 65000/10 Geraldton/Qingdao 26 Sept/4 Oct $44.50 fio
24000sc/25000sc - Rizhao Steel

The Baltic index as of 17.sept.07

Daily Summary of Baltic Exchange Dry Indices

17 September 2007

Baltic Exchange Dry Index TM 8296 (DOWN 6)

Baltic Exchange Capesize Index TM 11072 (UP 13)

Baltic Exchange Panamax Index TM 8618 (DOWN 26)

Baltic Exchange Supramax Index TM 5488 (DOWN 3)

Baltic Exchange Handysize Index TM 2646 (DOWN 3)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $129876 (UP 94)

BPI Average of the T/C routes $69755 (DOWN 205)

BSI Average of the T/C routes $57384 (DOWN 34)

BHSI Average of the T/C routes $38556 (DOWN 57)

Baltic Exchange Capesize Index 11072 (UP 13)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.436 -0.005

C3 150000mt Tubarao - Beilun/Baoshan 15 68.563 0.167

C4 150000mt Richards Bay - Rotterdam 5 35.400 0.014

C5 150000mt W Australia - Beilun/Baoshan 15 27.132 0.105

C7 150000mt Bolivar - Rotterdam 5 35.218 -0.018

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 124568 23

C9_03 172000mt Continent/Mediterranean trip Far East 5 170458 83

C10_03 172000mt Pacific RV 20 128854 312

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 95625 -42

C12 150000mt Gladstone - Rotterdam 10 47.532 -0.213

Average of the T/C Routes 129876 94

Baltic Exchange Panamax Index 8618 (DOWN 26)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67888 -583

P2A_03 74000mt SKAW-GIB/FAR EAST 25 70734 -514

P3A_03 74000mt Japan-SK/Pacific/RV 25 73609 -4

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 66788 280

Average of the T/C Routes 69755 -205

Baltic Exchange Supramax Index 5488 (DOWN 3)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59733 -138

S1B Canakkale Trip Far East 12.5 62364 -63

S2 Japan - SK / NOPAC or Australia rv 25 55494 75

S3 Japan - SK Trip Gib - Skaw range 25 54453 358

S4A US Gulf - Skaw-Passero 12.5 75133 -792

S4B Skaw-Passero - US Gulf 12.5 41948 -145

Average of the T/C Routes 57384 -34

Baltic Exchange Handysize Index 2646 (DOWN 3)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31200 114

HS2 Skaw - Passero trip Boston - Galveston 12.5 31686 115

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49644 27

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52640 -220

HS5 SE Asia trip via Australia to Singapore - Japan 25 36708 -192

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34929 -57

Average of the T/C Routes 38556 -57

The Baltic Dry Index Daily Panamax Report 17th September

Dry cargo fixture summary - 17 September 2007

==========================


BDI Baltic Dry Index 8296 DOWN 6

BCI Baltic Capesize Index 11072 UP 13

BPI Baltic Panamax Index 8618 DOWN 26

BSI Baltic Supramax Index 5488 DOWN 3

BHSI Baltic Handysize Index 2646 DOWN 3

Timecharter

-----------

'Sea Victory' RTS relet 2004 180310 dwt dely Taranto 23/25 Sept

transatlantic round redel Skaw-Cape Passero $123000 daily - SK Shipping

'Anangel Explorer' NCS relet 2007 171927 dwt dely Qingdao 23/25 Sept trip

via West Australia redel China $130000 daily - China Shipping

'Mineral China' Dreyfus relet 2003 171448 dwt dely China mid Oct balance

of period 10/11 months trading redel worldwide $115000 daily -

Constellation

'Navios Asteriks' 2005 76801 dwt dely Ghent 15/16 Sept trip via Baltic

redel UKC $69000 daily - Armada

'Medi Antwerp' 2007 76600 dwt dely Imabari 25/30 Sept trip via NoPac

redel Aden-PMO $73000 daily - Noble

'Pos Glory' 2005 76508 dwt dely Japan 12/22 Oct 4/6 months trading redel

worldwide $74000 daily - Europeans

'Navios Cielo' BHP Billiton relet 2003 75829 dwt dely Southwest Pass

17/19 Sept balance of period Nov/10 Dec 2007 redel worldwide $62000 daily

+ $1.2 million bb - Dreyfus

'Golden Lyderhorn' 1999 74242 dwt dely Kaohsiung 21/24 Sept trip via

Australia redel Singapore-Japan rge $75000 daily - cnr - <recent>

'Elinakos' 1997 73751 dwt dely Huangpu 16/18 Sept 2 years trading redel

worldwide $58000 daily - MBC Shipping

'Carola' 1997 73740 dwt dely Bin Qasim 18/20 Sept trip via Richards Bay

redel India $60000 daily - Armada

'Bulk Cedar' 1998 73322 dwt - <reported 14/07 the business failed>

'Hebei Courage' 1985 obo 70992 dwt dely Corpus Christi 28/30 Sept trip

via US Gulf & PG redel PMO $65000 daily + $1.25 bb - cnr

'Kater Wave' 1989 68601 dwt dely PMO end Sept trip via Richards Bay redel

India $63000 daily - British Marine

'Courage' 1984 66754 dwt dely Taichung 22 Sept/10 Oct trip via Indonesia

redel S.Korea $57000 daily - Chokang

'Marigo' 1981 63284 dwt dely aps Southwest Pass 24/26 Sept trip via E.Med

redel full Med $52500 daily + $800000 bb - Windrose

'Alara K' 2001 52413 dwt dely PMO prompt trip via west coast India redel

China $46000 daily - British Marine

'Medi Cebu' 2002 52239 dwt dely Singapore 28 Sept/7 October 12/14 months

trading redel worldwide approx $56000 daily - Oldendorff

'Belnor' 1996 47369 dwt dely worldwide August/November 2008 5 years

trading redel worldwide approx $25500 daily - Korean charterer

'Sanko Eagle' 1997 27868 dwt dely Qingdao 19/20 Sept 3/5 months trading

redel Far East $38000 daily - Oldendorff

'Lake Aru' 1995 26435 dwt dely Kashima 19/21 Sept trip redel east coast

India $36000 daily - Cargill

'African Wildcat' 1997 26412 dwt dely north China 20/22 Sept trip redel

Japan $39000 daily - cnr

Ore

---

'Bergen Trader' 2000 70000/10 Guaiba/Ghent 25 Sept/10 Oct $40.00 fio 4

days sc - Mittal

Coal

----

'Kang Cheng' 2004 50/55000/10 Queensland/EC India 1/15 October $58.50 fio

1-1 20000sx/10000sx - SAIL

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 17/09/2007

The Daily Fixtures Report - 17/09/2007

BDI 8296 DOWN 6
BCI 11072 UP 13
BPI 8618 DOWN 26
BSI 5488 DOWN 3
BHSI 2646 DOWN 3

TIMECHARTER
'Sea Victory' RTS relet 2004 180310 dwt dely Taranto 23/25 Sept
transatlantic round redel Skaw-Cape Passero $123000 daily - SK Shipping
'Anangel Explorer' NCS relet 2007 171927 dwt dely Qingdao 23/25 Sept trip
via West Australia redel China $130000 daily - China Shipping 'Mineral
China' Dreyfus relet 2003 171448 dwt dely China mid Oct balance of period
10/11 months trading redel worldwide $115000 daily - Constellation 'Navios
Asteriks' 2005 76801 dwt dely Ghent 15/16 Sept trip via Baltic redel UKC
$69000 daily - Armada 'Medi Antwerp' 2007 76600 dwt dely Imabari 25/30 Sept
trip via NoPac redel Aden-PMO $73000 daily - Noble 'Pos Glory' 2005 76508
dwt dely Japan 12/22 Oct 4/6 months trading redel worldwide $74000 daily -
Europeans 'Navios Cielo' BHP Billiton relet 2003 75829 dwt dely Southwest
Pass
17/19 Sept
balance of period Nov/10 Dec 2007 redel worldwide $62000 daily + $1.2
million bb
- Dreyfus
'Golden Lyderhorn' 1999 74242 dwt dely Kaohsiung 21/24 Sept trip via
Australia redel Singapore-Japan rge $75000 daily - cnr - 'Elinakos' 1997
73751 dwt dely Huangpu 16/18 Sept 2 years trading redel worldwide $58000
daily - MBC Shipping 'Carola' 1997 73740 dwt dely Bin Qasim 18/20 Sept
trip via Richards Bay redel India $60000 daily - Armada
'Bulk Cedar' 1998 73322 dwt -
'Hebei Courage' 1985 obo 70992 dwt dely Corpus Christi 28/30 Sept trip via
US Gulf & PG redel PMO $65000 daily + $1.25 bb - cnr 'Kater Wave' 1989 68601
dwt dely PMO end Sept trip via Richards Bay redel India $63000 daily -
British Marine 'Courage' 1884 66754 dwt dely Taichung 22 Sept/10 Oct trip
via Indonesia redel S.Korea $57000 daily - Chokang 'Marigo' 1981 63284 dwt
dely aps Southwest Pass 24/26 Sept trip via E.Med redel full Med $52500
daily + $800000 bb - Windrose 'Alara K' 2001 52413 dwt dely PMO prompt trip
via west coast India redel China $46000 daily - British Marine 'Medi Cebu'
2002 52239 dwt dely Singapore 28 Sept/7 October 12/14 months trading redel
worldwide approx $56000 daily - Oldendorff 'Belnor' 1996 47369 dwt dely
worldwide August/November 2008 5 years trading redel worldwide approx $25500
daily - Korean charterer 'Sanko Eagle' 1997 27868 dwt dely Qingdao 19/20
Sept 3/5 months trading redel Far East $38000 daily - Oldendorff 'Lake Aru'
1995 26435 dwt dely Kashima 19/21 Sept trip redel east coast India $36000
daily - Cargill 'African Wildcat' 1997 26412 dwt dely north China 20/22
Sept trip redel Japan $39000 daily - cnr

ORE
'Bergen Trader' 2000 70000/10 Guaiba/Ghent 25 Sept/10 Oct $40.00 fio 4 days
sc - Mittal

COAL
'Kang Cheng' 2004 50/55000/10 Queensland/EC India 1/15 October $58.50 fio
1-1 20000sx/10000sx - SAIL

Monday, September 17, 2007

The Baltic dry index as of 14.sept.07

14 September 2007

Baltic Exchange Dry Index TM 8302 (DOWN 38)

Baltic Exchange Capesize Index TM 11059 (DOWN 92)

Baltic Exchange Panamax Index TM 8644 (DOWN 44)

Baltic Exchange Supramax Index TM 5491 (UP 1)

Baltic Exchange Handysize Index TM 2649 (UP 6)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $129782 (DOWN 1421)

BPI Average of the T/C routes $69960 (DOWN 340)

BSI Average of the T/C routes $57418 (UP 17)

BHSI Average of the T/C routes $38613 (UP 93)

Baltic Exchange Capesize Index 11059 (DOWN 92)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.441 -0.282

C3 150000mt Tubarao - Beilun/Baoshan 15 68.396 -0.792

C4 150000mt Richards Bay - Rotterdam 5 35.386 -0.323

C5 150000mt W Australia - Beilun/Baoshan 15 27.027 -0.100

C7 150000mt Bolivar - Rotterdam 5 35.236 -0.259

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 124545 -2205

C9_03 172000mt Continent/Mediterranean trip Far East 5 170375 -2208

C10_03 172000mt Pacific RV 20 128542 -125

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 95667 -1146

C12 150000mt Gladstone - Rotterdam 10 47.745 -0.405

Average of the T/C Routes 129782 -1421

Baltic Exchange Panamax Index 8644 (DOWN 44)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 68471 -712

P2A_03 74000mt SKAW-GIB/FAR EAST 25 71248 -689

P3A_03 74000mt Japan-SK/Pacific/RV 25 73613 -160

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 66508 199

Average of the T/C Routes 69960 -340

Baltic Exchange Handysize Index 2649 (UP 6)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31086 57

HS2 Skaw - Passero trip Boston - Galveston 12.5 31571 28

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49617 17

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52860 25

HS5 SE Asia trip via Australia to Singapore - Japan 25 36900 164

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34986 147

Average of the T/C Routes 38613 93

Baltic Exchange Supramax Index 5491 (UP 1)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59871 -18

S1B Canakkale Trip Far East 12.5 62427 -146

S2 Japan - SK / NOPAC or Australia rv 25 55419 284

S3 Japan - SK Trip Gib - Skaw range 25 54095 540

S4A US Gulf - Skaw-Passero 12.5 75925 -1288

S4B Skaw-Passero - US Gulf 12.5 42093 -59

Average of the T/C Routes 57418 17

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 63039 -261

S6 Jpn-SK trip via Aus/India 0 55384 523

S7 Trial: EC India - China 0 62369 -143

Today's Bunker Prices 14/09/2007

Today's Bunker Prices

Grade IFO380 IFO180 MDO MGO
Fujairah 414.00 424.00 707.00 711.00
Houston 382.00 403.50 641.00  
Rotterdam 372.50 391.00 619.50 687.50
Singapore 389.50 399.00 683.50 689.50
For more prices, visit: www.bunkerworld.com/prices
Oil prices at approximately 21:11 EST :
WTI: $79.10 Change: -0.99 (October 07 contract)

THE BALTIC DRY INDEX DAILY FIXTURES REPORT 14/09/07

The Daily Fixtures Report - 14/09/2007
--------------------------------------

BDI 8302 DOWN 38
BCI 11059 DOWN 92
BPI 8644 DOWN 44
BSI 5491 UP 1
BHSI 2649 UP 6

TIMECHARTER
'Bulk Singapore' 2005 177100 dwt dely China 16/18 Sept trip via West
Australia redel China $130000 daily - BHP Billiton 'Mellow Wind' 1997 170164
dwt dely Carboneras 16/18 Sept trip via Brazil redel China $172000 daily -
Pacific Bulk 'Papa' 1984 139788 dwt dely Cigading 17/18 Sept trip via
Richards Bay redel Skaw-Cape Passero $70500 daily - Swiss Marine 'Navios
Orbiter' 2004 76602 dwt dely Trincomalee 28/30 Sept 4/5 months trading
redel worldwide $73500 daily - cnr 'Prabhu Puni' 2002 76015 dwt dely ex dd
Zhoushan 17/20 Sept 2 laden legs 1st leg Weipa/Gladstone redel
Singapore-Japan rge $75250 daily - Panoceanic Shipholdings 'Anna' 1999 75592
dwt dely El Ferrol 17/20 Sept trip via Tubarao redel Lisbon $66000 daily -
cnr 'Yong Huan' Transfield relet 2000 74837 dwt dely Hong Kong 17/25 Sept
trip via Indonesia redel Skaw-Cape Passero $73000 daily - Flame - 'Silver
Phoenix' 2006 74579 dwt dely Kaohsiung 20/21 Sept trip via Indonesia redel
Japan $75000 daily - 'K' Line 'Majorca' 2005 74477 dwt dely CJK in d/c
20/25 Sept trip via Australia redel Taiwan $76000 daily - North China
Shipping 'Medi Roma' 2001 74255 dwt dely Stade 20/23 Sept trip via Baltic
redel UKC $71000 daily - Armada 'Atlantic Hawk' Fednav relet 2002 74204 dwt
dely Aviles end Sept balance of period 1 Feb/1 Mar 2008 redel worldwide
$70500 daily - Armada 'Bulk Cedar' 1998 73322 dwt dely Point Tupper,
St.Lawrence 27/28 Sept trip redel Far East $72000 + $700000 bb - China Steel
'Silver One' 2000 72917 dwt dely Aden/Japan Oct 2007 2 years trading redel
worldwide $59750 daily - cnr 'Oinoussian Lion' 1996 71662 dwt dely River
Plate 6/16 Oct trip redel Singapore-Japan rge $68500 daily $1.3 million bb
- Dreyfus 'Edfu' 1997 71130 dwt dely Singapore 19/23 Sept 4/6 months
trading redel worldwide $72250 daily - 'K' Line 'Citrawati' 1990 69332 dwt
dely Indonesia spot trip via Weipa redel China $61000 daily - Glory Wealth
'Evangelia M' 1981 61796 dwt dely Iskenderun 17/24 Sept trip via Black Sea
redel China $55200 daily - Agroship 'Pretty Lady' 1985 43648 dwt dely
USGulf 16/18 September trip redel Med $63000 daily option redel India
$61000 daily - Energy

ORE
'Aquafaith' TMT relet 1997 160000/10 Tubarao/Qingdao 10/15 Oct $68.00 fio
scale/25000sc - Pacific Bulk

GRAIN
'Alinda' 1977 25000/10 HSS USGulf/Morocco 17/21 September $85.00 fio
8000sx/3000fx - CNR

Friday, September 14, 2007

Today's Bunker Prices 13/09/07

Today's Bunker Prices

Grade IFO380 IFO180 MDO MGO
Fujairah 410.50 423.50 702.50 709.00
Houston 378.00 399.50 620.00  
Rotterdam 372.00 391.50 626.50 688.50
Singapore 388.00 398.00 682.50 689.50
For more prices, visit: www.bunkerworld.com/prices
Oil prices at approximately 21:4 EST :
WTI: $80.09 Change: 0.18 (October 07 contract)

The Baltic Dry Index T/C report 13/09/07

Dry cargo fixture summary - 13 September 2007 ==========================

BDI Baltic Dry Index 8340 DOWN 81
BCI Baltic Capesize Index 11151 DOWN 212
BPI Baltic Panamax Index 8688 DOWN 73
BSI Baltic Supramax Index 5490 DOWN 10
BHSI Baltic Handysize Index 2643 UP 23


Timecharter
-----------
'Mineral China' Dreyfus relet 2003 171448 dwt dely Yantai 15/20 Sept trip
via West Australia redel China $129000 daily - BHP Billiton

'Giuseppe Bottiglieri TBN' 92500 dwt dely ex yard Jiangsu Yangzijiang,
Shanghai Jan/June 2010 5 years trading redel worldwide $32000 daily - cnr

'Clipper Suffolk' 2006 82800 dwt dely Kashima 15/17 Sept trip via NoPac & PG
redel PMO $78500 daily - GIEX

'Nordkap' 2002 77229 dwt dely Valencia 25/27 Sept via EC South America redel
Skaw-Cape Passero $72000 daily - Cargill

'Angelina' 2001 74540 dwt dely Nagoya 15/17 Sept trip via NoPac redel Japan
$75000 daily - Japanese chrtr

'Afovos' 2001 74350 dwt dely Inchon 18/20 Sept 4/6 months trading redel
worldwide $73000 daily - Swiss Marine

'Alpha Future' CTP relet 1999 72893 dwt dely Tarragona 13/17 Sept 2 laden
legs 1st leg via Kamsar/Port Alfred redel Atlantic $72500 daily option redel
Far East $74500 daily - PCL

'Yarrow' 1986 70653 dwt dely Fos 18/20 Sept trrip via Kamsar redel Stade
$65000 daily - Proline

'New Champion' 1996 70296 dwt dely Cape Passero 20/25 Sept 2 laden legs
redel Skaw-Cape Passero $69000 daily - Practica

'Beauty Sea' 1991 69365 dwt dely Antwerp 19/21 Sept 2 laden legs 1st via
Klaipeda & Rio Grande redel Skaw-Cape Passero $70000 daily - Oldendorff

'Big Sky' Rizzo-Bottiglieri-De Carlini Armatori Spa relet 1994 68189 dwt
dely Indonesia 18/20 Sept trip via Indonesia redel Singapore-Japan rge
$80000 daily - NYK

'Rosita' 2004 52292 dwt dely Goa 13/15 Sept trip via East Coast India redel
China $51000 daily - CNR

'Shou Chang Hai' 1984 45149 dwt dely Damietta 18/22 Sept trip redel
Singapore- Japan $49000 daily - CNR

'Kolocep' 1996 41712 dwt dely North China 25/27 Sept trip redel Taiwan
$54000 daily - Sinochart - <intention steel slabs>

'Thor Wind' 1998 39042 dwt dely East Med 14/16 Sept trip via Black Sea and
PG redel PMO $50000 daily - CNR

'Global Discovery' 1998 28404 dwt dely Taichung 25/30 Sept 3/5 months
trading redel Singapore-Japan $38500 daily - STX Pan Ocean

'Gourniati' 1996 28387 dwt dely worldwide Jan/Feb 2008 3 years trading redel
worldwide $26000 daily - Global Logistics

'Idefix Bulker' 1996 27348 dwt dely Japan 19/21 Sept two laden legs redel
Far East $38500 daily - TPC

Ore
---
'Nord Steel' 2007 160000/10 Tubarao/Qingdao 25 Sept/5 Oct $67.00 fio
scale/25000sc - Spot ON

'Castillo De San Juan' 1990 150000/10 Ponta da Madeira/Qingdao 25/30 Sept
$68.90 fio scale/25000sc - CVRD

'Cargill TBN' 150000/10 Tubarao/Qingdao 25/30 Sept $68.25 fio scale/25000sc
- CVRD

Coal
----
'Genco Prosperity' 1997 46000/ 5 coking coal NSW/1-2 east coast India
5/15 Oct $61.00 1-1 20000 shex uu/10000 shex eiu except Haldia 12000 - SAIL

Grain
-----
'Giovanni' 1996 60000/10 wheat Mississippi River/El Dekheila 21/28 Sept
$73.00 fio 10000sx/8000fx - Venus

Misc
----
'Enterprise' 2000 30000/5 metcoke Xingang or Rizhao or
Lianyungang/Visakhapatnam 15/25 Sept $63.00 8000 shinc/6000 shex eiu - VSP

The Baltic Dry index as of 13.sept.07

Subject: index as of 13.sept.07


Daily Summary of Baltic Exchange Dry Indices

13 September 2007

Baltic Exchange Dry Index TM 8340 (DOWN 81)

Baltic Exchange Capesize Index TM 11151 (DOWN 212)

Baltic Exchange Panamax Index TM 8688 (DOWN 73)

Baltic Exchange Supramax Index TM 5490 (DOWN 10)

Baltic Exchange Handysize Index TM 2643 (UP 23)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $131203 (DOWN 3117)

BPI Average of the T/C routes $70300 (DOWN 578)

BSI Average of the T/C routes $57401 (DOWN 111)

BHSI Average of the T/C routes $38520 (UP 357)

Baltic Exchange Capesize Index 11151 (DOWN 212)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.723 -0.659

C3 150000mt Tubarao - Beilun/Baoshan 15 69.188 -1.504

C4 150000mt Richards Bay - Rotterdam 5 35.709 -0.577

C5 150000mt W Australia - Beilun/Baoshan 15 27.127 -0.264

C7 150000mt Bolivar - Rotterdam 5 35.495 -0.710

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 126750 -3977

C9_03 172000mt Continent/Mediterranean trip Far East 5 172583 -4167

C10_03 172000mt Pacific RV 20 128667 -1625

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 96813 -2700

C12 150000mt Gladstone - Rotterdam 10 48.150 -0.836

Average of the T/C Routes 131203 -3117

Baltic Exchange Panamax Index 8688 (DOWN 73)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 69183 -803

P2A_03 74000mt SKAW-GIB/FAR EAST 25 71937 -1108

P3A_03 74000mt Japan-SK/Pacific/RV 25 73773 -313

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 66309 -88

Average of the T/C Routes 70300 -578

Baltic Exchange Supramax Index 5490 (DOWN 10)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59889 5

S1B Canakkale Trip Far East 12.5 62573 50

S2 Japan - SK / NOPAC or Australia rv 25 55135 350

S3 Japan - SK Trip Gib - Skaw range 25 53555 -4

S4A US Gulf - Skaw-Passero 12.5 77213 -1622

S4B Skaw-Passero - US Gulf 12.5 42152 -16

Average of the T/C Routes 57401 -111

Baltic Exchange Handysize Index 2643 (UP 23)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 31029 179

HS2 Skaw - Passero trip Boston - Galveston 12.5 31543 114

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49600 -17

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52835 -10

HS5 SE Asia trip via Australia to Singapore - Japan 25 36736 600

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34839 693

Average of the T/C Routes 38520 357

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 13/09/07

The Daily Fixtures Report - 13/09/2007
-------------------------

BDI 8340 DOWN 81
BCI 11151 DOWN 212
BPI 8688 DOWN 73
BSI 5490 DOWN 10
BHSI 2643 UP 23

TIMECHARTER
'Mineral China' Dreyfus relet 2003 171448 dwt dely Yantai 15/20 Sept trip
via West Australia redel China $129000 daily - BHP Billiton 'Giuseppe
Bottiglieri TBN' 92500 dwt dely ex yard Jiangsu Yangzijiang, Shanghai
Jan/June 2010 5 years trading redel worldwide $32000 daily - cnr 'Clipper
Suffolk' 2006 82800 dwt dely Kashima 15/17 Sept trip via NoPac & PG redel
PMO $78500 daily - GIEX 'Nordkap' 2002 77229 dwt dely Valencia 25/27 Sept
via EC South America redel Skaw-Cape Passero $72000 daily - Cargill
'Angelina' 2001 74540 dwt dely Nagoya 15/17 Sept trip via NoPac redel
Japan $75000 daily - Japanese chrtr 'Afovos' 2001 74350 dwt dely Inchon
18/20 Sept 4/6 months trading redel worldwide $73000 daily - Swiss Marine
'Alpha Future' CTP relet 1999 72893 dwt dely Tarragona 13/17 Sept 2 laden
legs 1st leg via Kamsar/Port Alfred redel Atlantic $72500 daily option
redel Far East $74500 daily - PCL 'Yarrow' 1986 70653 dwt dely Fos 18/20
Sept trrip via Kamsar redel Stade $65000 daily - Proline 'New Champion'
1996 70296 dwt dely Cape Passero 20/25 Sept 2 laden legs redel Skaw-Cape
Passero $69000 daily - Practica 'Beauty Sea' 1991 69365 dwt dely Antwerp
19/21 Sept 2 laden legs 1st via Klaipeda & Rio Grande redel Skaw-Cape
Passero $70000 daily - Oldendorff 'Big Sky' Rizzo-Bottiglieri-De Carlini
Armatori Spa relet 1994 68189 dwt dely Indonesia 18/20 Sept trip via
Indonesia redel Singapore-Japan rge $80000 daily
- NYK
'Rosita' 2004 52292 dwt dely Goa 13/15 Sept trip via East Coast India
redel China $51000 daily - CNR 'Shou Chang Hai' 1984 45149 dwt dely
Damietta 18/22 Sept trip redel Singapore-Japan $49000 daily - CNR 'Kolocep'
1996 41712 dwt dely North China 25/27 Sept trip redel Taiwan $54000 daily
- Sinochart - 'Thor Wind' 1998 39042 dwt dely East Med 14/16 Sept trip via
Black Sea and PG redel PMO $50000 daily - CNR 'Global Discovery' 1998 28404
dwt dely Taichung 25/30 Sept 3/5 months trading redel Singapore-Japan
$38500 daily - STX Pan Ocean 'Gourniati' 1996 28387 dwt dely worldwide
Jan/Feb 2008 3 years trading redel worldwide $26000 daily - Global Logistics
'Idefix Bulker' 1996 27348 dwt dely Japan 19/21 Sept two laden legs redel
Far East $38500 daily - TPC

ORE
'Nord Steel' 2007 160000/10 Tubarao/Qingdao 25 Sept/5 Oct $67.00 fio
scale/25000sc - Spot ON 'Castillo De San Juan' 1990 150000/10 Ponta da
Madeira/Qingdao 25/30 Sept $68.90 fio scale/25000sc - CVRD 'Cargill TBN'
150000/10 Tubarao/Qingdao 25/30 Sept $68.25 fio scale/25000sc - CVRD

COAL
'Genco Prosperity' 1997 46000/ 5 coking coal NSW/1-2 east coast India
5/15 Oct
$61.00 1-1 20000 shex uu/10000 shex eiu except Haldia 12000 - SAIL

GRAIN
'Giovanni' 1996 60000/10 wheat Mississippi River/El Dekheila 21/28 Sept
$73.00 fio 10000sx/8000fx - Venus

MISC
'Enterprise' 2000 30000/5 metcoke Xingang or Rizhao or
Lianyungang/Visakhapatnam 15/25 Sept $63.00 8000 shinc/6000 shex eiu - VSP

The Baltic dry index as of 12.sept.07

Daily Summary of Baltic Exchange Dry Indices

12 September 2007

Baltic Exchange Dry Index TM 8421 (DOWN 47)

Baltic Exchange Capesize Index TM 11363 (DOWN 145)

Baltic Exchange Panamax Index TM 8761 (DOWN 37)

Baltic Exchange Supramax Index TM 5500 (UP 8)

Baltic Exchange Handysize Index TM 2620 (UP 18)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $134320 (DOWN 2091)

BPI Average of the T/C routes $70878 (DOWN 301)

BSI Average of the T/C routes $57512 (UP 89)

BHSI Average of the T/C routes $38163 (UP 296)

Baltic Exchange Capesize Index 11363 (DOWN 145)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 35.382 -0.513

C3 150000mt Tubarao - Beilun/Baoshan 15 70.692 -0.796

C4 150000mt Richards Bay - Rotterdam 5 36.286 -0.337

C5 150000mt W Australia - Beilun/Baoshan 15 27.391 -0.186

C7 150000mt Bolivar - Rotterdam 5 36.205 -0.422

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 130727 -2887

C9_03 172000mt Continent/Mediterranean trip Far East 5 176750 -2583

C10_03 172000mt Pacific RV 20 130292 -1396

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 99513 -1495

C12 150000mt Gladstone - Rotterdam 10 48.986 -0.578

Average of the T/C Routes 134320 -2091

Baltic Exchange Panamax Index 8761 (DOWN 37)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 69986 -328

P2A_03 74000mt SKAW-GIB/FAR EAST 25 73045 -580

P3A_03 74000mt Japan-SK/Pacific/RV 25 74086 -232

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 66397 -64

Average of the T/C Routes 70878 -301

Baltic Exchange Handysize Index 2620 (UP 18)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 30850 0

HS2 Skaw - Passero trip Boston - Galveston 12.5 31429 8

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 49617 78

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 52845 -80

HS5 SE Asia trip via Australia to Singapore - Japan 25 36136 515

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34146 667

Average of the T/C Routes 38163 296

Baltic Exchange Supramax Index 5500 (UP 8)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59884 79

S1B Canakkale Trip Far East 12.5 62523 502

S2 Japan - SK / NOPAC or Australia rv 25 54785 237

S3 Japan - SK Trip Gib - Skaw range 25 53559 227

S4A US Gulf - Skaw-Passero 12.5 78835 -918

S4B Skaw-Passero - US Gulf 12.5 42168 123

Average of the T/C Routes 57512 89

Thursday, September 13, 2007

Today's Bunker Prices 12/09/2007

Today's Bunker Prices

Grade IFO380 IFO180 MDO MGO
Fujairah 402.00 417.50 702.50 707.50
Houston 369.00 394.00 619.50  
Rotterdam 370.00 390.00 613.00 681.50
Singapore 381.50 392.00 678.00 679.00
For more prices, visit: www.bunkerworld.com/prices
Oil prices at approximately 19:44 EST :
WTI: $79.91 Change: 1.68 (October 07 contract)

Today's Bunker Prices 11/09/2007

Today's Bunker Prices

Grade IFO380 IFO180 MDO MGO
Fujairah 397.00 411.00 700.00 704.00
Houston 368.00 391.50 623.00  
Rotterdam 363.00 382.00 609.00 680.00
Singapore 378.50 389.50 665.50 672.00
For more prices, visit: www.bunkerworld.com/prices
Oil prices at approximately 20:1 EST :
WTI: $78.23 Change: 0.74 (October 07 contract)

Today's Bunker Prices 10/09/2007

Today's Bunker Prices

Grade IFO380 IFO180 MDO MGO
Fujairah 395.00 408.00 700.00 703.00
Houston 369.00 389.50 615.00  
Rotterdam 361.00 381.00 599.00 666.00
Singapore 379.50 390.50 662.50 663.50
For more prices, visit: www.bunkerworld.com/prices
Oil prices at approximately 20:0 EST :
WTI: $77.49 Change: 0.79 (October 07 contract)

The Baltic Dry Index TC 12/09/2007

Dry cargo fixture summary - 12 September 2007 ==========================

BDI Baltic Dry Index 8421 DOWN 41
BCI Baltic Capesize Index 11363 DOWN 145
BPI Baltic Panamax Index 8761 DOWN 37
BSI Baltic Supramax Index 5500 UP 8
BHSI Baltic Handysize Index 2620 UP 18

Timecharter
-----------
'Private' Transfield relet newbuilding 177000 dwt dely ex yard Waigaoqiao
20/25 Sept 2 years trading redel worldwide $108000 daily - STX Pan Ocean

'CSK Beilun' 1999 172561 dwt dely Worldwide Jan/Mar 2008 12 months trading
redel worldwide $110000 daily - Norden - <fixed 05/09>

'Front Rider' obo 1992 168178 dwt dely Rotterdam 25/28 Sept transatlantic
round redel Skaw-Cape Passero $125000 daily - SK Shipping

'Anangel Pride' 1993 161600 dwt dely Worldwide Dec 2007 5 years trading
redel worldwide $60000 daily - Rio Tinto

'Oinoussian Lady' 2004 76600 dwt dely Sakaide 14/16 Sept trip via
Indonesia redel Malaysia $70000 daily - PCL

'Ernst Salamon' 1999 74002 dwt dely Chiba end Sept 4/6 months trading
redel worldwide approx $75000 daily - Oldendorff

'Bremen Max' 1993 73503 dwt dely Zhanjiang 19/21 Sept trip via Indonesia
redel South Korea $73000 daily - Daebo

'Great Glory' 1997 73251 dwt dely China 26 Sept/16 Oct 11/13 months
trading redel worldwide $68000 - OBS

'Fu Hua' 1997 72437 dwt dely Kaohsiung 16/18 Sept trip via Indonesia
redel S.Korea $71500 daily - OBS

'Azure' 1982 64200 dwt dely retro Cape Passero 5 Sept trip via EC South
America redel USWC $63000 daily - Western Bulk Carriers

'Katrine Star' 2005 55838 dwt dely Key West 15/20 September trip via
USGulf redel Med $72000 daily - Armada

'Captain George 2' 1994 52370 dwt dely Qingdao 18/22 September 2 years
trading redel worldwide approx $40000 daily - Dooyang

'Saga Spray' 1994 47029 dwt dely Jacksonville 14/16 September min 50 max
75-100 days trading approx $55000 daily - Eitzen

'Talent' 1996 47000 dwt dely Xingang spot about 3/5 months trading redel
worldwide approx $56000 daily - BHP Billiton

'Enterprise' Pacific Basin relet 2000 45572 dwt dely Longkou 20/25
September trip redel Paradip $52000 daily - KW Bulkers

'Enterprise' 2000 45572 dwt dely Longkou 20/25 September 2 laden legs
redel Singapore-Japan $48500 daily - Pacific Basin

ORE
---
'TBN' 70000/10 Tubarao/Ghent 14/29 Sept $41.00 fio 4 days sc - Mittal

COAL
----
'TBN' 70000/10 Hampton Roads/Port Talbot 23/30 Sept $29.50 fio 5 days sc -
Corus

THE BALTIC DRY INDEX 12/09/2007

The Daily Fixtures Report - 12/09/2007
-------------------------

BDI 8421 DOWN 47
BCI 11363 DOWN 145
BPI 8761 DOWN 37
BSI 5500 UP 8
BHSI 2620 UP 18

TIMECHARTER
'Private' Transfield relet newbuilding 177000 dwt dely ex yard Waigaoqiao
20/25 Sept 2 years trading redel worldwide $108000 daily - STX Pan Ocean
'CSK Beilun' 1999 172561 dwt dely Worldwide Jan/Mar 2008 12 months trading
redel worldwide $110000 daily - Norden - 'Front Rider' obo 1992 168178 dwt
dely Rotterdam 25/28 Sept transatlantic round redel Skaw-Cape Passero
$125000 daily - SK Shipping 'Anangel Pride' 1993 161600 dwt dely Worldwide
Dec 2007 5 years trading redel worldwide $60000 daily - Rio Tinto
'Oinoussian Lady' 2004 76600 dwt dely Sakaide 14/16 Sept trip via
Indonesia redel Malaysia $70000 daily - PCL 'Ernst Salamon' 1999 74002 dwt
dely Chiba end Sept 4/6 months trading redel worldwide approx $75000 daily -
Oldendorff 'Bremen Max' 1993 73503 dwt dely Zhanjiang 19/21 Sept trip via
Indonesia redel South Korea $73000 daily - Daebo 'Great Glory' 1997 73251
dwt dely China 26 Sept/16 Oct 11/13 months trading redel worldwide $68000 -
OBS 'Fu Hua' 1997 72437 dwt dely Kaohsiung 16/18 Sept trip via Indonesia
redel S.Korea $71500 daily - OBS 'Azure' 1982 64200 dwt dely retro Cape
Passero 5 Sept trip via EC South America redel USWC $63000 daily - Western
Bulk Carriers 'Katrine Star' 2005 55838 dwt dely Key West 15/20 September
trip via USGulf redel Med $72000 daily - Armada 'Captain George 2' 1994
52370 dwt dely Qingdao 18/22 September 2 years trading redel worldwide
approx $40000 daily - Dooyang 'Saga Spray' 1994 47029 dwt dely Jacksonville
14/16 September min 50 max 75-100 days trading approx $55000 daily - Eitzen
'Talent' 1996 47000 dwt dely Xingang spot about 3/5 months trading redel
worldwide approx $56000 daily - BHP Billiton 'Enterprise' Pacific Basin
relet 2000 45572 dwt dely Longkou 20/25 September trip redel Paradip $52000
daily - KW Bulkers 'Enterprise' 2000 45572 dwt dely Longkou 20/25 September
2 laden legs redel Singapore-Japan $48500 daily - Pacific Basin

ORE
'TBN' 70000/10 Tubarao/Ghent 14/29 Sept $41.00 fio 4 days sc - Mittal

COAL
'TBN' 70000/10 Hampton Roads/Port Talbot 23/30 Sept $29.50 fio 5 days sc
- Corus