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

BDI 8410 UP 140
BCI 11434 UP 211
BPI 8837 UP 166
BSI 5388 UP 89
BHSI 2547 UP 3

TIMECHARTER
'Xin Fa Hai' 2004 175000 dwt dely Qingdao 30 Sept/5 Oct 11/13 months
trading redel Worldwide $125500 daily - Morgan Stanley 'Mineral Tianjin'
2004 174096 dwt dely China 15/20 Sept trip via West Australia redel China
$122000 daily - Rio Tinto 'Pioneer' 2004 171861 dwt dely Lianyungang 18/20
Sept trip via West Australia redel China $130000 daily - SK Shipping
'Anangel Dynasty' 1999 171101 dwt dely Nagoya 20/25 Sept trip via West
Australia redel China $130000 daily - BHP Billiton 'Eridge' 1993 123000 dwt
dely Kaohsiung 12/15 Sept trip via East Australia redel Mailiou approx
$100000 daily - China Steel Express 'Billion Trader 11' 2007 82014 dwt dely
passing Rhodes end Sept balance of period up to July 2008 redel worldwide
$72000 daily - CTP
'Giuseppe Rizzo' 2004 77500 dwt - of 06/09>
'Priscilla Venture' new building 76000 dwt dely ex yard Oshima March
2008 12
months trading redel worldwide $65500 daily - cnr 'National Prestige' 1996
75100 dwt dely worldwide 15 Oct/15 Nov 2 years trading redel worldwide
$54000 daily - cnr (recent) 'Yong Jia' 2001 74500 dwt dely passing Cape
Passero 15/20 Sept 5/6 months trading redel worldwide $72500 daily - United
'Gertrud Salamon' 2000 74078 dwt dely worldwide 15 Oct/31 Jan 2008 period
upto Sept/Oct 2008 redel worldwide $63000 daily - Norden 'Endless' 1999
73427 dwt dely Ennore 17/20 Sept trip via Visakhapatnam redel China $80000
daily - NYK 'Maratha Messenger' 1995 71252 dwt dely Far East November 12
months trading redel worldwide $65000 daily - Navios
'Darya Vishnu' 2006 56056 dwt -
'Vela' 2007 53565 dwt dely Antwerp spot trip via USAC redel India $60000
daily
- Cargill
'Yasa H. Mulla' STX Pan Ocean relet 2002 52383 dwt dely Longkou 20/30
September
5.5/6.5 months trading redel worldwide $63000 daily - Star 'Ocean Breeze'
2006 52289 dwt dely Karachi 9/11 September trip via West Coast India redel
China $49500 daily - Metchart 'Aquila Atmosphere' 2002 48640 dwt dely Rozi
spot 8/10 months trading redel worldwide approx $52500 daily - Oldendorff
'Great Scenery' 2002 47760 dwt dely Visakhaptnam 12/14 September 23/25
months trading redel worldwide approx $44000 daily - Korea account

ORE
'Nicos L' 2002 60000/10 Kokkola/Redcar 20/22 Sept about $22.00 fio 5 days
shinc
- Corus

Regards,
Spyros Antypas
Overseas Agency Ltd. - Chartering Dept.