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