THE BALTIC DRY INDEX DAILY FIXTURES REPORT 03/09/07

The Daily Fixtures Reports - 03/09/2007
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BDI 7783 UP 81
BCI 10785 UP 70
BPI 7730 UP 110
BSI 5087 UP 83
BHSI 2503 UP 8

TIMECHARTER
'Madeira' 2007 177000 dwt dely Zhanjiang 8/15 Sept trip via Brazil redel
PG $125000 daily option redel China $136000 daily - Oldendorff 'Achilles'
Daeyang relet 2004 76878 dwt dely Worldwide Jan/Apr 2008 balance of period
Sept/Nov 2009 redel worldwide $53500 daily - cnr 'Pontovremon' 2001 76318
dwt dely Worldwide 20 Nov/20 Dec 16/18 months trading redel worldwide
$53500 daily - Daebo 'Queen Lily' 2004 76229 dwt dely Ghent 10/12 Sept
trip via Murmansk redel UKC $65000 daily - cnr 'Torm Charlotte' Cargill
relet 2005 75944 dwt dely retro Skaw 28 Aug trip via River Plate redel Far
East $70000 daily - Grand Ocean 'Century Star' 2003 75318 dwt dely Qingdao
8/10 Sept trip via NoPac redel Singapore-Japan rge $58000 daily - Cargill
'Maria Bottiglieri' 1995 75265 dwt dely Shanghai 9/11 Sept balance of
period 29
Jan/29 Feb 2008 redel worldwide $64000 daily - cnr 'Angelic Glory' 'K' Line
relet 2002 75007 dwt dely Worldwide Dec/Jan
2007 2
years trading redel worldwide $51250 daily - Pan Ocean UK 'Rosalia D'Amato'
2001 74710 dwt dely Cartagena 9/11 Sept trip via EC South America redel
Skaw-Gibraltar $69000 daily - Cargill 'Garv Prem' 2006 74444 dwt dely
Sparrows Point 17/19 Sept trip via USEC redel Montoir $67000 daily +
$775000 bb - Cobelfret 'Thetis' 2004 73583 dwt dely Far East Oct 11/13
months trading redel worldwide $60250 daily - Sinochart 'Drin' BHP Billiton
relet 1996 73087 dwt dely Cape Passero 30 Aug trip via US Gulf redel Med
$64500 daily - Bunge 'Sanmar Paragon' 1996 73080 dwt dely Porto Torres 1/5
Sept via EC South America redel Aden-PMO $67000 daily - Cargill 'Alpha
Future' 1999 72893 dwt dely Tarragona 13/15 Sept 5/7 months trading redel
worldwide $67350 daily - CTP 'Ataman' 2001 72867 dwt dely Richards Bay
19/24 Sept trip redel Skaw-Cape Passero $51750 daily + $710000 bb - EdF
'Oriental Sun' 1998 72561 dwt dely Qingdao 5/7 Sept balance of period
29
Jan/Feb 2008 redel worldwide $61500 daily - Oldendorff 'Genco Surprise'
Hanjin relet 1998 72495 dwt dely Worldwide Dec/Jan
2008 3
years trading redel worldwide $46000 daily - Daeyang 'Grand Markela' CTP
relet 1990 71733 dwt dely Bourgas 30/31 Aug trip redel Aden-PMO rge $68000
daily - Glingrow 'Eastern Queen' BHP Billiton relet 1994 70196 dwt dely
Jorf Lasfar 2/4 Sept trip via EC South America redel Skaw-Cape Passero
$69000 daily - Transgrain 'First Endeavour' Rizzo-Bottiglieri-De Carlini
Armatori Spa relet 1994
69111 dwt
dely Constanza ppt trip via Black Sea redel Far East $74000 daily -
Oldendorff
'Meteora' 2007 58480 dwt - corrects report of 31/08>
'Innovator' 2005 55435 dwt dely Far East October 2007 3 years trading redel
worldwide $39000 daily - HMM 'Delzoukre' 2006 53630 dwt dely Newcastle NSW
16/18 September balance period until Jan/Feb 2008 $50900 + $525000 bb -
Visa 'C Duckling' 2002 53098 dwt dely Far East October 2007 12/14 months
trading redel worldwide $51000 daily - Wylex 'G.Duckling' 2001 52402 dwt
dely Nagoya 16/18 September 8/10 months trading redel worldwide $54000 daily
- HMM 'Equinox Voyager' 2002 52000 dwt dely Wakayama 6/8 September trip
redel Black Sea approx $52000 daily - WBC
'Union Ranger' 1995 45621 dwt - report of 31/08>
'Grand Way' 1994 44006 dwt dely China 13/17 September 1 years trading redel
worldwide $44000 daily - Probulk

ORE
'Bulk Europe' 2001 160000/10 Tubarao/Qingdao 1/15 Sept $66.00 fio 3 days
sc/30000sc - CVRD International