THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 11/09/07

The Daily Fixtures Report - 11/09/2007
-------------------------

BDI 8468 DOWN 9
BCI 11508 DOWN 18
BPI 8798 DOWN 80
BSI 5492 UP 39
BHSI 2602 UP 26

TIMECHARTER
'China Progress' 2006 175000 dwt dely Beliun trip via West Australia
redel
Japan $130000 daily - NYK -
'CE-Duke' 170085 dwt dely Qingdao 6/8 Sept trip via Brazil redel China
$125000 daily - cnr 'Pacific Vitality' Daiichi relet 165794 dwt dely
Zhangjiang 25/27 Sept trip via West Australia redel China $130000 daily -
BHP Billiton 'Dong-A Ares' 1994 151000 dwt dely Immingham 30 Sept/2 Oct
transatlantic round redel Skaw-Cape Passero $121000 daily - Hanjin
'Rizzo-Bottiglieri-De Carlini TBN' newbuilding 87500 dwt dely ex yard
Hudong Zhonghua Shanghai July/Dec 2010 5 years trading redel worldwide
$30000 daily - Glory Wealth 'Betis' 2004 76801 dwt dely Skaw-Cape Passero
20 Oct/20 Nov 15/18 months or
14/16 months trading chop redel worldwide $70000 daily - Transbulk 'Dolce'
2007 76662 dwt dely Italy 25/30 Sept 11/13 months trading redel worldwide
$70000 daily - cnr 'Star of Nippon' Giuseppe Bottiglieri relet 2004 75845
dwt dely retro Cape Passero 7 Sept balance of period up to 10/31 Dec 2007
redel worldwide $74500 daily - Golden Ocean 'Ever Mighty' Aquavita relet
1996 75265 dwt dely Quebec 17/24 Sept trip redel Far East $70000 daily +
$830000 bb - Pacific Bulk Shipping - 'Ocean Emperor' 1998 74002 dwt dely
Bin Qasim 15/16 Sept trip via WC Inida redel China $57000 daily - cnr
'Maratha Messenger' 1995 71252 dwt dely psg Aden 13/20 Sept trip via WC
India redel China $52000 daily - NCS 'Trident Endeavour' 1990 68500 dwt
dely Kaohsiung 15/17 Sept trip via Geraldton redel China $74000 daily -
Brade Carriers 'Thrasyvoulos V' Sinochart relet 1994 66904 dwt dely US Gulf
26/27 Sept trip via Egypt redel Cape Passero $61000 daily + $1.25 million
gbb - TMT 'Honesty Ocean' 1997 47240 dwt dely North China 20/30 Sept 20/30
Sept 2 years trading redel worldwide approx $47000 daily - Hanjin 'Eugenia
B' 1998 46750 dwt dely East Med spot trip via Black Sea redel Indian Ocean
approx $65000 daily - CNR Bossclip Trader' 2006 30634 dwt dely Marmara
23/25 Sept two/three laden legs redel Atlantic $41000 daily - Copenship
'Full City' 1995 26758 dwt dely Zhoushan 23/25 Sept 4/6 months trading
redel worldwide approx $37000 daily - STX Pan Ocean

ORE
'CIC Elli S' option 'Ocean Shine' Cosco Hong Kong relet 150000/10 Ubu/Beilun
& Nantong 5/15 Oct $66.75 fio scale/30000sc - Avonwin - report and business
fixed 05/09>
'Cosco Hong Kong TBN' / - is incorrect and was understood in excess
of $73.00>

COAL
'Imperial Spirit' 2005 50/52000/5 coking coal Queensland/Visakhapatnam 10/20
Oct
$54.25 20000 shex uu/7000 shex eiu - VSP