The Baltic Dry Index 011107

Dry cargo fixture summary - 01 November 2007 ==========================

BDI Baltic Dry Index 10581 DOWN 75
BCI Baltic Capesize Index 13988 DOWN 90
BPI Baltic Panamax Index 11415 DOWN 100
BSI Baltic Supramax Index 6897 DOWN 52
BHSI Baltic Handysize Index 3187 DOWN 11

Timecharter
------------
'Southern Explorer' 2002 177493 dwt dely Nantong 11/13 Nov trip via West
Australia redel China $160000 daily - BHP Billiton

'NJ Goulandris TBN' newbuilding 82000 dwt dely ex yard Far East end 2009/ely
2010 5 years trading redel worldwide $32500 daily - Korea Line

'Navios Alegria' 2004 76466 dwt dely Amsterdam 8/17 Nov 13/14 months trading
redel worldwide $85000 daily - Eitzen - <fixed 29 Oct>

'Torm Tina' 2001 75966 dwt dely Kaohsiung 8/15 Nov trip via Indonesia redel
UK $105000 daily - SSE

'Atlantic Horizon' Cargill relet 2006 75709 dwt dely Barcelona 5/7 Nov 2
laden legs redel worldwide $90500 daily - Navios

'Seaguardian' 1999 75462 dwt dely S.China 8/12 Nov 3/5 months trading redel
worldwide $98000 daily - BHP Billiton

'Archon' 2001 75121 dwt dely Cartagena end Oct trip via Kamsar redel
Continent $95500 daily - Oldendorff - <recent>

'Thalia' 2001 75115 dwt dely Worldwide Jan/Mar 2009 5 years trading redel
worldwide $31500 daily - MOSK - <fixed last week>

'Fortune Lady' 1998 74761 dwt dely Brindisi 4/5 Nov 2 laden legs redel
Atlantic $85000 daily - European chrtr

'Angelina' 2001 74540 dwt dely Muroran 14/17 Nov trip via NoPac redel
Singapore-Japan rge $100000 daily - Dreyfus

'Myrto' 2001 74507 dwt dely Continent 9/12 Nov trip via USEC redel Jorf
Lasfar $84000 daily - Fairfield

'Medi Tokyo' 1999 74356 dwt dely S.Korea 15/17 Nov 4/6 months trading redel
worldwide $90000 daily - Armada

'Yialia' 1980 61203 dwt dely New Orleans 19/21 Nov trip via US Gulf redel
Spain $68500 daily + $1.2 million bb - Proline

'Lian Hua Hai' 47919 47919 dwt dely Haldia 2/12 November trip redel China
$65000 daily - Uniwell

'Cos Cherry' 1996 46840 dwt dely Tarragona 3/8 November trip via Brazil
redel Red Sea-PMO range $67000 daily - STX Pan Ocean

'Jop' 2000 28075 dwt dely Kashima spot trip via Nopac redel Singapore- Japan
range $45000 daily - IHC

'Nova Miracle' 1988 21989 dwt dely Rizhao 12/21 Nov trip via South Korea
redel south east Asia $30000 daily - Samok

Ore
---
'STX Pan Ocean TBN' 170000/10 Saldanha/Kwangyang a/o Pohang 1/5 Dec
$56.65 fio scale/60000sc - POSCO

'TBN' 70000/10 Seven Islands/Ijmuiden 13/18 Nov $34.50 fio 5 days sc - Corus

'Aquahope' 1997 / - <reported 31/10 failed to STX Pan Ocean>

Coal
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'TBN' 160000/10 Richards Bay/Rotterdam 15/30 Nov $45.50 fio scale/25000sc
- Swiss Marine

'Southern Galaxy' 1991 150000/10 Richards Bay/Rotterdam 1/15 Dec $43.75 fio
scale/25000sc - BHP Billiton

'Anangel Enosis' Sinochart relet 1995 50000/10 Maracaibo/Ijmuiden 2/7 Nov
$70.00 fio 5 days sc - Corus