The Baltic Dry index T/C report 18/09/2007

Dry cargo fixture summary - 18 September 2007 ==========================

BDI Baltic Dry Index 8313 UP 17
BCI Baltic Capesize Index 11168 UP 96
BPI Baltic Panamax Index 8588 DOWN 30
BSI Baltic Supramax Index 5474 DOWN 14
BHSI Baltic Handysize Index 2650 UP 4

Timecharter
-----------
'Gina Iuliano' 1990 122829 dwt dely Mailiao 23/25 Sept trip via Indonesia
redel S.Korea $92000 daily - Samsun - <fixed last week>

'Loch Lomond' 2002 75485 dwt dely Cape Passero 19/21 Sept trip via Brazil
redel China $72000 daily - cnr

'Topeka' 2001 74710 dwt dely retro Dangjing 16 Sept 0001 hours trip via
Australia redel Taiwan $72500 daily - Baumarine

'Maria Salamon' 2001 74117 dwt dely Mauban 25/27 Sept trip via Gladstone
redel Taiwan $79000 daily - STX Pan Ocean

'Global Challenger' 1996 73201 dwt dely Varna 30 Sept/3 Oct trip via Black
Sea redel Singapore-Japan rge $72600 daily - cnr

'Mercury K' 1997 72421 dwt dely Los Angeles 8/10 Oct trip redel
Singapore-Japan rge $74000 daily + $1.1 million bb - Swiss Marine

'Aleslevada' 1990 70367 dwt dely Hakata ppt trip via NoPac redel
Singapore- Japan rge $75000 daily - cnr

'Annoula' 1997 70281 dwt dely Hong Kong 21/25 Sept trip via Indonesia redel
Taiwan $65250 daily - cnr - <recent>

'Marigo' 1981 63284 dwt - <reported 17/09 the ship is an Aquavita relet>

'Seaeagle' 1981 61776 dwt dely PMO 21/25 Sept trip via Red Sea redel China
$51000 daily - Noble

'Yasa Ilhan' 2007 55518 dwt dely Xiamen 18/20 Sept trip via Philippines
redel Singapore-Japan $61000 daily - CNR

'Santa Rita' 2005 53459 dwt dely Brake 18/20 Sept trip via USGulf redel Far
East $55000 daily - ADM

Ore
---
'Transfield TBN' 160000/10 Sepetiba/Qingdao 18/27 Oct $71.00 fio scale/CQD -
Qingdao Steel

'Transfield TBN' 160000/10 Guaiba/Qingdao mid Nov $68.50 fio scale/CQD -
Qingdao Steel

'Noble Chartering TBN' 160000/10 Ponta Da Madeira/Dalian mid Oct $70.00 fio
scale/30000sc - Beitai Steel

'Taunton' 1986 150000/10 Sepetiba/Constanza 27 Sept/5 Oct approx $41.00 fio
scale/50000sc - Arcelor-Mittal

'Cosco Qingdao TBN' 65000/10 Geraldton/Qingdao 26 Sept/4 Oct $44.50 fio
24000sc/25000sc - Rizhao Steel