THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 05/09/07

The Daily Fixtures Report - 05/09/2007
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BDI 8090 UP 183
BCI 11054 UP 157
BPI 8318 UP 376
BSI 5239 UP 70
BHSI 2522 UP 12

TIMECHARTER
'Nord Steel' newbuilding 180000 dwt dely retro ex yard Imabari 31 Aug
12 months
trading redel worldwide $125000 daily - Kleimar 'Genco Constantine'
newbuilding 180000 dwt dely ex yard Imabari April
2008 5
years trading redel worldwide $55000 daily including profit share - Cargill
'Antonis Angelicoussis' newbuilding 177000 dwt dely ex yard SWS 6 Nov min
11/max 13 months trading redel worldwide $120000 daily - Dreyfus 'Fertilia'
1996 171585 dwt dely Qingdao 19/21 Sept trip via Brazil redel China
$113000 daily - STX Pan Ocean 'Pascha' 2006 82574 dwt dely Ghent 9/12 Sept
trip via US Gulf redel Immingham $70000 daily - TIMI
'Apollo' 2006 77326 dwt -
'Ariana' 2005 76631 dwt dely Ghent 8/10 Sept trip via Brazil redel Taiwan
$74000 daily - CSE 'Ikan Kerapu' 2006 76454 dwt dely Muroran 11/13 Sept
trip via NoPac redel Singapore-Japan rge $72000 daily - STX Pan Ocean 'Rose
Atlantic' 2005 75734 dwt dely Piombino ppt 1/2 laden legs via EC South
America redel Skaw-Cape Passero $66500 daily - Cargill 'Spitha' 2005 75411
dwt dely Cape Passero 18/20 Sept balance of period Feb/Mar
2008 redel worldwide $70500 daily - cnr
'Ever Mighty' Skaarup Fortune Shipping relet 1996 75265 dwt dely Worldwide
Nov/Dec 2007 12/14 months trading redel worldwide $60000 daily - Norden
-

'Audax' 2001 75220 dwt dely Worldwide 26 Dec/15 Mar 12/13 months trading
redel worldwide $62000 daily - cnr 'Primrose' Transfield relet 2001 74716
dwt dely Porto Torres 8/10 Sept balance of period 1/28 Feb redel worldwide
$70000 daily - cnr 'Yong Huan' 2000 74500 dwt dely Hong Kong mid Sept 1
years trading redel worldwide $66000 daily - Transfield 'Lilian Z' Giuseppe
Bottiglieri relet 1999 74461 dwt dely Worldwide Dec 2007 1 years trading
redel worldwide $65000 daily - Norden 'Alabanda' 1995 74044 dwt dely
Kaohsiung in d/c 8 Sept 4/5 months trading redel worldwide $70000 daily -
OBS 'Gaurav Prem' 2005 73901 dwt dely Hamburg 3/5 Sept trip via Norfolk &
Black Sea redel Cape Passero $66000 daily - Mittal - 'Great Loyalty' CTP
relet 1999 73659 dwt dely Hong Kong 12/15 Sept balance of period until
Jan/Feb 2008 redel worldwide $68500 daily - Norden - this
week>
'Anangel Omonia' Atlas Bulk Shipping relet 1996 73591 dwt dely Japan
10/15 Sept
4/6 months trading redel worldwide $64500 daily - Navios - 'Anangel Omonia'
Navios relet 1996 73591 dwt dely Japan 10/15 Sept 4/6 months trading redel
worldwide $70000 daily - Oldendorff 'Cymbeline' GMI relet 2001 73060 dwt
dely Worldwide 1 Oct/30 Nov 12/14 months trading redel worldwide $64000
daily - Norden 'Hamburg Max' BHP Billiton relet 1994 72338 dwt dely
Rotterdam 5/7 Sept trip via Trombetas redel Aughinish $65000 daily -
Transfield 'New Leader' 1996 72072 dwt dely Japan in d/c 20/25 Sept trip
via NoPac or Australia redel Singapore-Japan rge option redel Skaw-Hamburg
$70000 daily - Baumarine 'Royal Ocean' 1995 70677 dwt dely La Corunna 6/8
Sept trip via US Gulf & Egypt redel Cape Passero $66000 daily - Cargill
'Scenery Sea' 1991 69359 dwt dely Santos 13/15 Sept trip via EC South
America redel Continent $59000 daily + $1.00 million bb - Bunge 'Ledra' 1980
65190 dwt dely Gibraltar spot trip via River Plate redel Spain $51000
daily - Transgrain 'Flag Splendour' 1981 64919 dwt dely Villagarcia 15/25
Sept trip via US Gulf & Egypt redel Cape Passero $57500 daily - Bunge
'Athos' 2004 52502 dwt dely East Coast Mexico spot trip redel East Med
approx $72000 daily - CNR 'Pacific Emerald' 1996 49016 dwt dely Punta
Cardon 8/13 Sept trip redel Adriatic approx $70000 daily + approx $400000
bb - CNR 'Arran Trader' 2000 48220 dwt dely Batangas 11/13 Sept trip via
South-East Asia redel Singapore-Japan $58000 - CNR 'Xin Qiang' 1998 45732
dwt dely Tobata 7/9 Sept 11/13 months trading redel worldwide $49000 daily
- Eastern Ocean 'African Ibis' 2004 32300 dwt dely Algeria spot trip via US
Gulf redel East Africa $41000 daily - Tradelines 'Sea Riches' 2001 28287 dwt
dely psg Gibraltar 7/8 Sept trip via Continent redel East Mediterranean
$39000 daily - BBL 'Doxa' 1983 26900 dwt 12.5 on 23 + 2.5 go dely Paranagua
spot trip redel Continent $26000 daily + 425000 bb - Glencore