The Baltic Dry Index T/C & Daily Panamax Report 17th Oct

Dry cargo fixture summary - 17 October 2007 ==========================

BDI Baltic Dry Index 10724 DOWN 24
BCI Baltic Capesize Index 15272 DOWN 89
BPI Baltic Panamax Index 10869 DOWN 61
BSI Baltic Supramax Index 6716 UP 38
BHSI Baltic Handysize Index 3109 UP 30

Timecharter
-----------
'Brave TBN' newbuilding 180000 dwt dely ex yard Daewoo Dec 2009/Jan 2010 5
years trading redel worldwide $59850 daily - Daewoo

'Northgate' 1989 179421 dwt dely Beilun 17/19 Oct trip via Australia or
San Nicolas redel China $180000 daily - cnr

'Genco London' 2007 177852 dwt dely N.China in d/c ppt trip via West
Australia redel China $184000 daily - BHP Billiton - <fixed end of last
week>

'Bocimar TBN' 175000 dwt SWS type dely Worldwide Jan/June 2009 5 years
trading redel worldwide $57000 daily - Korea Line

'Anangel Dynasty' Glory Wealth relet 1999 171101 dwt dely Worldwide
May/June 2008 5 years trading redel worldwide $80000 daily - Pacific King
(must be wrong period should be 3 or 4
years)

'Martzoukos A' 1995 161175 dwt dely South Korea end Oct 4/6 months trading
redel worldwide $170000 daily - Constellation

'Betis' Transbulk relet 2004 76801 dwt dely Portbury 26 Oct/4 Nov trip via
Murmansk redel UKC $75000 daily - Transfield

'Loch Alyn' relet 2005 75744 dwt dely Taichung 25/27 Oct trip via
Australia redel China $95000 daily - BHP Billiton

'Imperial' Navios relet 2007 75510 dwt dely S.Korea 19/21 Oct trip via
Australia redel Singapore-Japan rge $86000 daily - GMI

'Belmonte' 2007 75395 dwt dely Antwerp 25/30 Oct trip via Murmansk redel
UKC $86500 daily - cnr

'Archon' Bunge relet 2001 75121 dwt - <reported 16/10 the
correct rate is $91500 daily redel Atlantic no Far East option with 1/3
Nov dely>

'F.D. Salvatore Pollo' 2007 74500 dwt dely Black Sea 20/30 Oct
2/3 laden legs redel worldwide $86000 daily - Aquavita - <fixed end of
last week>

'Tian Tong Feng' 2001 74275 dwt dely retro Gibraltar 15 Oct trip via US
Gulf redel Far East $87500 daily - Wilmar

'Calm Seas' 1999 74047 dwt dely Worldwide Jan/Mar 2008 21/23 months
trading redel worldwide $67000 daily - Yangming

'Shen Nong Feng' 2002 73978 dwt dely Constanza 22/27 Oct trip via Black
Sea redel Singapore-Japan rge $90000 daily - Aquavita

'Alpha Future' Oldendorff relet 1999 72893 dwt dely Hamburg 22/24 Oct
trip via Baltic redel UKC $86500 daily - Eitzen Bulk Carriers

'Vogetrader' 1996 72195 dwt dely PMO 29 Oct/3 Nov trip via WC India redel
Singapore-Japan rge $84500 daily - cnr

'Shenneng 1' 1993 70181 dwt dely Qinzhou 27/30 Oct trip via EC Kalimantan
redel Japan $85000 dialy - 'K' Line

'Mass Merit' 1993 69620 dwt dely Point Comfort 5/15 Nov trip via US Gulf
& Egypt redel Cape Passero $82000 daily - NNC - <fixed last week>

'President G' Daebo relet 1988 69347 dwt dely Taean 1/5 Nov period up to
Feb/Mar 2008 redel worldwide $87000 daily - European chrtr

'Velos' 1991 65702 dwt dely retro Cape Passero 11 Oct trip via US Gulf &
Iraq redel PMO $82000 daily - cnr

'Georgia' 1982 63300 dwt dely Qingdao 16/20 Oct trip via NoPac int grain
or sulphur redel China $74000 daily - Noble

'Josco Yangzhou' 2005 55621 dwt dely Navlakhi 21/23 October trip redel
China $68000 daily - North China Shipping

'Tai Hunter' 2007 55000 dwt dely ex Yard Oshima December 2007 12 months
trading redel worldwide $71750 daily - Parkroad

'Medi Nagasaki' 2003 53098 dwt dely South China spot trip via South-East
Asia redel Singapore-Japan $73000 daily - cnr

'Lepta Galaxy' 2002 52378 dwt dely Port Harcourt 21/26 October trip via
East Coast South America if redel South China $71500 daily if redel North
China $74000 daily - Wilmar

'Kaity L' 2003 50457 dwt dely Kohsichang 20/25 October 90/115 days trading
redel Singapore-Japan $75000 daily - WBC - <recent>

'Pacific Scorpio' 1997 49061 dwt dely Lome 25/27 October trip via East
Coast South America redel Singapore-Japan $69000 daily - Wilmar

'Star Sea Cosmos' 2000 48893 dwt dely Prai 23/25 October trip via
Australia redel China $73000 daily - Sinoeast

'Yangtze River' 1998 44114 dwt dely Gibraltar spot trip via Casablanca
redel India approx $65000 daily - Wamopl

COAL
----
'Iron Knight' 2004 60000/10 Mobile/Swinoujscie 14/20 Oct $58.00 fio
25000sc/15000sx - Mittal Shipping