THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 06/07/09

The Daily Fixtures Report - 06/09/2007
-------------------------

BDI 8270 UP 180
BCI 11223 UP 169
BPI 8671 UP 353
BSI 5299 UP 60
BHSI 2544 UP 22

TIMECHARTER
'Mineral Shikoku' 2006 206312 dwt dely Rotterdam 27/30 Sept trip via
Brazil redel Far East $189000 daily - STX Pan Ocean 'Pacific Confidence' CTM
relet 2004 180181 dwt dely Baoshan 25/30 Sept
5/7
months trading redel worldwide $136000 daily - Chinese chrtr 'Cape Frontier'
2006 180044 dwt dely Rotterdam 21/24 Sept trip via Brazil redel China
$180000 daily - STX Pan Ocean 'Cape Carmel' 1996 179872 dwt dely Cape
Passero 20/30 Sept trip via Brazil redel China $170500 daily - TMT 'Seakoh'
2000 172247 dwt dely Kakogawa 14/25 Sept trip via West Australia redel
China $122000 daily - Rio Tinto 'Channel Alliance' Goldbeam relet 1996
171978 dwt dely Worldwide Oct/Nov 2007
12 months trading redel worldwide $120000 daily - Chinese 'Mineral China'
2003 171448 dwt dely China 15/20 Sept 12 months trading redel worldwide
$120000 daily - Dreyfus 'Lowlands Beilun' 1999 170162 dwt dely Nantong
17/20 Sept trip via West Australia redel China $120000 daily - Rio Tinto
'Irfon' 1996 165729 dwt dely Far East 8/10 Sept trip via West Australia
redel Japan $120000 daily - Daiichi 'Giuseppe Rizzo' 2004 77500 dwt dely
Worldwide June 2008 24/26 months trading redel worldwide $50000 daily -
Europeans - 'Oinoussian Lady' MOSK relet 2004 76704 dwt dely Japan mid Sept
12 months trading redel worldwide $68000 daily - Navios 'Panstar' Glory
Wealth relet 2005 76629 dwt dely Worldwide Mar/Apr 2008
2 years
trading redel worldwide $58750 daily - S.Korean chrtr 'Golden Kiji' 2007
76500 dwt dely ex yard Imabari 1/30 Nov 12/14 months trading redel
worldwide $66500 daily - Norden 'Maritime Bagui' Cosbulk relet 2006 76453
dwt dely Worldwide Oct 2007 2 years trading redel worldwide $55000 daily -
Transfield 'Anthemis' 2004 76310 dwt dely Worldwide 5 Oct/15 Nov 14/16
months trading redel worldwide $70000 daily - cnr 'Red Seto' 2002 75957 dwt
dely Shanghai 11/21 Sept balance of period 23
Mar/17
Apr redel worldwide $72000 daily - BBL
'Ellivita' 1999 75522 dwt dely Huangpu 9/14 Sept trip via Philippines
redel Japan $80000 daily - NYK 'Maria Bottiglieri' 1995 75265 dwt dely
Worldwide April/June 2008 24/26 months trading $56000 daily - BBL 'Audax'
2001 75220 dwt dely Worldwide 26 Dec/15 Mar 2008 12/13 months trading redel
worldwide $62000 daily - cnr Voge Prestige' ex National Prestige 1996 75100
dwt dely Worldwide 15
Oct/15 Nov
2 years trading redel worldwide $54000 daily - cnr 'Angelic Glory' STX Pan
Ocean relet 2002 75007 dwt dely Worldwide Dec/Jan 2 years trading redel
worldwide $55000 daily - Glory Wealth 'Angelic Grace' 2002 75007 dwt dely
Nanjing 17/20 Sept trip via Xingang redel Continent $67000 daily - cnr
'Tian Yu Feng' 2001 74571 dwt dely Qingdao 15/17 Sept 4/6 months trading
redel worldwide $71000 daily - cnr 'Aspendos' 2003 74380 dwt dely Worldwide
in d/c 1 Nov/31 Dec 2 years trading redel worldwide $53000 daily - Bunge
'Tian Zhu Feng' 2001 74201 dwt dely El Ferrol 20 Oct/19 Nov 14/16 months
trading redel worldwide $68000 daily - Glory Wealth 'Navios Galaxy I' 2001
74195 dwt dely Hamburg 11/13 Sept 2 laden legs 1st leg ex Hampton Roads
redel worldwide $72000 daily - United 'Genco Vigour' BBL relet 1999 73941
dwt dely Tachibana 9/11 Seot balance of period 15 Nov/11 Dec redel
Aden-Japan rge 71000 daily - cnr 'Antwerp Max' 1998 73144 dwt dely El
Ferrol ppt trip via US Gulf redel Singapore-Japan rge $70000 daily -
Dreyfus - 'Monte Pelmo' 2000 72917 dwt dely Fangcheng 13/19 Sept trip
Indonesia redel S.Korea $62500 daily - Daebo - 'Theofylaktos' 1995 72610 dwt
dely Kobe 17/20 Sept trip via NoPac redel Singapore-Japan rge $72000 daily
- cnr 'Panagiotis D' 1991 69337 dwt dely Worldwide Nov/Dec 1 years trading
redel worldwide $55000 daily - cnr 'Okialos' Rizzo-Bottiglieri-De Carlini
Armatori Spa relet 1994 69149 dwt dely Huangpu 17/20 Sept min 11/max 13
months trading redel worldwide $66000 daily - GMI 'Sea Pride' 1983 68892 dwt
dely Rotterdam 18/22 Sept trip via EC South America redel Continent $58000
daily - cnr 'Dimitris Perrotis' 1984 64933 dwt dely Liverpool 7/10 Sept
trip via St.Lawrence & Egypt redel Cape Passero $59500 daily - Dreyfus
'Darya Vishnu' 2006 56056 dwt dely Hodeidah 10/15 September 12 months redel
worldwide approx $59000 daily - CNR 'Darya Shakti' 2004 56050 dwt dely
Zhoushan 12/14 September 4/6 months trading redel worldwide $57000 daily -
Cargill 'Jin Yi' Greater Pacific Navigation relet 2007 55496 dwt dely
worldwide
22
Sept/7 Dec 2007 period until min 15 Jan 2009/max 15 March 2009 redel
worldwide $55000 daily - Eastern Ocean 'Jin Ying' 2007 53000 dwt dely
ex-yard Japan November 2007 12 months trading redel worldwide approx $55000
daily - Transfield 'Ocean President' 2001 50913 dwt dely worldwide
Feb/March 2008 2 years trading redel worldwide $45500 daily - Korean
charterers
'Arran Trader' 2000 48220 dwt - Eastern Ocean - 06/09>
'Xin Qiang' Eastern Ocean relet 1998 45732 dwt dely Tobata 7/9 Sept trip
via Nopac redel Red Sea $55000 daily - Copenship 'Ocean Jade' 1984 37216 dwt
dely Nador 10/15 Sept trip via the Continent redel Turkey $42000 daily - EMR
'Pontoklydon' 1992 28450 dwt dely St Petersburg d/c 4/6 months trading
$35000 daily - Bunge
'Doxa' 1983 26900 dwt - 05/09)>
'Super Ace' 1996 26482 dwt dely Moji 13/15 Sept trip redel Continent approx
$31500 daily - SK Shipping 'Nelson' 1981 22655 dwt dely Up River 5/10
September trip redel Skaw/Med $33000 daily - Glencore

ORE
'Transfield TBN' 160000/10 Ponta da Madeira/Beilun & Nantong 20/30 Oct
$75.00 fio scale/cqd - Wugang Steel

COAL
'Anangel Vision' Kleimar relet 2007 150000/10 Richards Bay/Rotterdam Sept
$36.25 fio scale/25000sc - BHP Billiton 'Star Xingang' 1985 150000/10
Richards Bay/Rotterdam 25/30 Sept $36.00 fio scale/25000sc - Swiss Marine