THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 18/10/07

The Daily Fixtures Report - 18 OCTOBER 2007
-------------------------

BDI 10732 UP 8
BCI 15299 UP 27
BPI 10804 DOWN 65
BSI 6756 UP 40
BHSI 3135 UP 26

TIMECHARTER
'Bulk Hong Kong' 2006 180230 dwt dely Rizhao 20/30 Oct trip via West
Australia redel China approx $189000 daily - BHP Billiton
'Northgate' 1989 179421 dwt -
'Shagang First' 2007 177656 dwt dely South Korea 4/6 Nov trip via West
Australia redel Japan $185000 daily - NYK 'Pompano' 2006 174316 dwt dely
Cape Passero 19/21 Oct trip via Brazil redel China $227000 daily - STX Pan
Ocean 'S.A. Altius' 2001 171509 dwt dely Fos spot trip via Colombia redel
Gijon $165000 daily - Cargill - 'Cyclades' Cosco Qingdao relet 2004 171480
dwt dely Dalian 29/30 Oct trip via West Australia redel China $166000 daily
- Rio Tinto 'Alameda' 2001 170662 dwt dely Fangcheng 5/7 Nov trip via West
Australia redel China $188750 daily - BHP Billiton 'Goldbean TBN'
newbuilding 170000 dwt dely ex yard Daehan Feb/May 2009
5 years
trading redel worldwide $54000 daily nett - Korea Line 'Samos' 1982 136999
dwt dely Zhoushan 16/20 Oct trip via India redel China $87500 daily - Spot
On 'Bellatrix' 2006 77053 dwt dely Butterworth ppt trip via Indonesia
redel India $100000 - STX Pan Ocean 'Betteigueze' 2007 77053 dwt dely
Zhangzhou 19/31 Oct trip via Queensland redel India $91000 daily - SK
Shipping 'Nord Pegasus' 2007 75356 dwt dely Santos 28/31 Oct trip via EC
South America redel China $81000 daily + $1.5 million bb - Glory Wealth
'Medi Tokyo' Korea Line relet 1999 74356 dwt dely Worldwide 15 Nov/15 Dec 1
years trading redel worldwide $81000 daily - SK Shipping 'Scythia Graeca'
Cargill relet 2002 74133 dwt dely Aps SW Pass 2/5 Nov trip via US Gulf
redel Japan $87000 daily plus $1.35 million bonus - 'K' Line 'Cymbeline'
relet 2001 73060 dwt dely Fangcheng 23/24 Oct trip via Indonesia redel
Taiwan $81000 daily - OBS 'Birthday' 1993 71503 dwt dely Nantong spot 2
laden legs 1st leg Weipa/Gladstone redel Singapore-Japan rge $92750 daily -
Panoceanic Shipholdings 'B Indonesia' 1997 70427 dwt dely Qingdao 25/26 Oct
3/5 months trading redel worldwide $86000 daily - Pacific Bulk 'Torm
Marlene' 1997 69548 dwt dely Bin Qasim 18/20 Oct trip via West Coast India
redel China $70000 daily - Noble 'Wina' 1988 68359 dwt dely Canakkale 24/26
Oct trip via Black Sea redel Thailand $83000 daily - Aquavita 'Yasa Ilhan'
2007 55518 dwt dely Xingang 16/19 Oct trip via Nopac redel Singapore-Japan
$74000 daily - Mitsubishi - 'Jin Yuan' 2007 55400 dwt dely worldwide Dec
07/Jan 08 period until August
2008 redel worldwide $72500 daily - Transfield 'Ocean Morning' 2001 52404
dwt dely East Coast India 20/30 November 1 years trading redel worldwide
approx 68000 - cnr 'Sophia' 1996 45950 dwt dely retro Passero 13 October
trip via North Coast South America redel Skaw-Passero $60000 daily -
Oldendorff 'Dimitrovskiy Komsomol' 1986 38545 dwt dely Paranagua 1/12 Nov
trip via east coast South America redel Cont $47500 daily + $820000 bb -
Cargill 'Cosmos Verde' 1999 24838 dwt dely Koshichang prompt trip via
Australia redel Far East $40000 daily - cnr

ORE
'Chou Shan' 2005 160000/10 Guaiba/Taranto 1/10 Nov $49.00 fio 7 days sc
- Ilva -

GRAIN
'TBN' 40000/10 corn Mississippi River/Bejaia 11.5m 20/30 Oct approx
$80.00 fio
8000sx/9000sc - Dreyfus -
TBN 30000/10 wheat Mississippi River/Oran 10.50m 25Oct/5Nov $90.50 fio
8000/6000
- Ameropa (fixed recently)