The Baltic Dry Index Daily Panamax Report 10th October.x

Dry cargo fixture summary - 10 October 2007 ==========================

BDI Baltic Dry Index 10218 UP 358
BCI Baltic Capesize Index 14958 UP 570
BPI Baltic Panamax Index 10277 UP 431
BSI Baltic Supramax Index 6144 UP 166
BHSI Baltic Handysize Index 2892 UP 35

Timecharter
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'China Venture' 2005 177808 dwt dely Immingham 27/28 Oct trip via Brazil
redel Far East $227000 daily - STX Pan Ocean

'Cape Saturn' Armada relet 2003 175773 dwt dely Continent mid Dec balance of
period 17 Oct-2 Dec 2008 redel worldwide $160000 daily - Kleimar

'CHS Magnificence' 2006 173541 dwt dely Shanghai 25/27 Oct trip via West
Australia redel China $179000 daily - BHP Billiton

'Tianronghai' Bunge relet 2000 172000 dwt dely Caofeidian 20 Oct/5 Nov
balance of period Apr/May redel worldwide $162500 daily - Morgan Stanley

'Manasota' 2004 171061 dwt dely Wakayama 13/15 Oct trip via West Australia
redel China $166000 daily - Pacific Bulk

'Lowlands Beilun' 1999 170162 dwt dely China end Nov 1 years trading redel
worldwide $146000 daily - Oldendorff

'Maria A.Angelicoussi' Transfield relet 2001 169163 dwt dely Qingdao spot
trip via Richards Bay redel Rotterdam $120000 daily - Swiss Marine

'Sakonnet' obo 1993 79915 dwt dely Rotterdam 16/19 Oct trip via Brazil redel
China $83000 daily - Noble

'Rip Hudner' obo 1994 79915 dwt dely Portbury 8/16 Oct trip via Brazil redel
China $83000 daily - Glory Wealth

'Tai Promotion' 2004 77834 dwt dely Worldwide Nov/Dec 2 years trading redel
worldwide $65000 daily - STX Pan Ocean

'Perla Bulker' 2007 75949 dwt dely Qingdao 15/20 Oct 4/5 months trading
redel worldwide $89000 daily - Morgan Stanley

'Perla Bulker' Morgan Stanley relet 2007 75949 dwt dely Qingdao 15/20 Oct
4/5 months trading redel worldwide $91750 daily - Cargill

'Nord Orion' 2006 75318 dwt dely Tarragona 15 Oct/15 Nov 14/16 months
trading redel worldwide $76000 daily - STX Pan Ocean

'Ecostar G.O' 2007 75000 dwt dely ex yard Hudong 25/28 Oct 4/6 months
trading redel worldwide $87000 daily - Morgan Stanley

'Little Prince' 2001 74133 dwt dely Las Palmas 13/18 Oct balance of period
1/20 Feb 2008 redel worldwide $87000 daily - Cargill - <fixed
Monday>

'Carl Mesem' 1999 73965 dwt dely Far East Nov 12/13 months trading redel
worldwide $78000 daily - cnr

'Szare Szeregi' 1991 73505 dwt dely Yonghung 15/20 Oct 5/7 months trading
redel worldwide $78000 daily - cnr

'Fearless I' 1997 73427 dwt dely Porto Torres ppt trip via EC South America
redel Spain $77000 daily - Transgrain

'C.Journey' 1995 73095 dwt dely Antwerp 22/24 Oct 3/5 months trading redel
worldwide $84000 daily - GMI

'Iron Man' 1997 72861 dwt dely Xiuyu 16/20 Oct 45/50 days redel worldwide
$77000 daily - Norden

'Iron Man' 1997 72861 dwt dely Worldwide Nov/Dec 12/14 months trading redel
worldwide $74000 daily - STX Pan Ocean

'Alpha Effort' 1999 72844 dwt dely Hong Kong 15/18 Oct 5/7 months trading
redel worldwide $90000 daily - Bunge

'Xanadu' 1999 72270 dwt dely Shanghai 15/17 Oct trip via NoPac redel Far
East int ferts $87000 daily - STX Pan Ocean

'Maratha Messenger' Navios relet 1995 71252 dwt dely China 15 Nov/31 Dec
11/13 months trading redel worldwide $70500 daily - STX Pan Ocean - <fixed
Monday>

'Double Fortune' 1997 69118 dwt dely Muroran 18/21 Oct trip via NoPac redel
Singapore-Japan rge $87500 daily - Noble

'Azure' 1982 64200 dwt dely Los Angeles 22/25 Oct trip via NoPac redel Far
East $70000 daily + $1.2 million bb - Sangamon

'Consolidator' 2007 58000 dwt dely Houston 23/27 October trip via USGulf
redel India $95000 daily - cnr

'Medi Chennai' 2005 55862 dwt dely Tema prompt trip via Brazil redel
Saldanha Bay $65000 daily - cnr (fixed recently)

'Orient Phoenix' 2007 55500 dwt dely Xingang 17/19 October trip redel West
Africa $67000 daily - Cargill

'Ermis' 2004 52800 dwt dely Mizushima spot trip via Nopac redel
Singapore-Japan $65000 daily - KLC - <recent>

'Ocean Prince' 2002 52475 dwt dely Kohsichang 18/21 October trip via Arabian
Gulf redel PMO $75000 daily - cnr

'F.Duckling' 2000 52434 dwt dely Far East 25 October/10 November 12 months
trading redel worldwide $62500 - Chinatex

'Flora' 1993 52370 dwt dely Tarragona spot trip via USGulf redel eastern Med
$56500 daily - Cargill

'VOC Gallant' 2002 51215 dwt dely West Africa 1/15 November balance period
until September 2008 redel worldwide $66000 daily - cnr

'Desert Hawk' 1999 50327 dwt dely worldwide Jan/March 2008 2 years trading
redel worldwide $53000 daily - Bluefield

'Marybelle' 1987 42552 dwt dely Gibraltar spot 5/7 months trading redel
worldwide $50500 daily - Armada