THE BALTIC DRY INDEX - 27 NOVEMBER 2007

The Daily Fixtures Report - 27/11/2007
-------------------------

BDI 9897 DOWN 106
BCI 14618 DOWN 77
BPI 9650 DOWN 162
BSI 6000 DOWN 97
BHSI 2927 DOWN 19

TIMECHARTER
'Anangel Explorer' Crownland relet 2007 171927 dwt dely Shanghai 30 Nov
4/6
months trading redel worldwide $169000 daily - BHP Billiton 'Martha' 1994
149782 dwt dely Kaohsiung 4/11 Dec trip via EC Australia redel S.Korea
$150000 daily - Constellation 'Tai Promotion' 2004 77834 dwt dely Shanghai
spot trip via Weipa redel China $72000 daily - cnr 'Yasa Unity' 2006 75621
dwt dely Kaohsiung 1/3 Dec 2 laden legs redel Singapore-Japan rge $76000
daily - Norden 'Imperial' 2007 75510 dwt dely Nanjing 1/3 Dec 2 laden legs
redel Singapore-Japan rge $72000 daily - Norden 'Tian Song Feng' 2000 74271
dwt dely Goa 1/7 Dec trip redel China $80000 daily
- Brownstone
'Ocean Baron' 2002 74193 dwt dely Gibraltar spot trip via EC South America
redel Singapore-Japan 82000 daily - TMT 'Rodon Amarandon' 2001 74090 dwt
dely Rotterdam 2/3 Dec trip via US Gulf & Iran redel PMO $83900 daily -
Cargill 'Sagarkiran' 1995 73350 dwt dely Rotterdam 6/8 Dec trip via
Continent redel Aden-PMO $85500 daily - Glencore 'Caravos Horizon' 1985
68438 dwt dely Kandla 27 Nov/3 Dec trip via Red Sea redel China $62000
daily - cnr 'Turnberry Glory' 1987 67232 dwt dely Porto Torres 24/26 Nov
trip via US Gulf & Med redel Cape Passero $69500 daily - Armada 'Sea Link'
Bunge relet 1981 65015 dwt dely Brake spot trip via Corpus Christi redel
Continent int grain $61000 daily - Alfred C.Toepfer 'Giovanni Della Gatta'
1987 64796 dwt dely Cape Passero 29 Nov/5 Dec trip via US Gulf & Iraq redel
PMO $70500 daily - BBT 'Yasa Ilhan' 2007 55518 dwt dely Chiba 1/7 December
3/5 months trading redel worldwide $69000 daily - Glory Wealth 'Tigris' 2003
52454 dwt dely South China spot 3/5 months trading redel worldwide $63000
daily - Oldendorff 'VOC Galaxy' 2002 51201 dwt dely Tianjin spot 3/4 months
trading redel worldwide $62000 daily - Cetragpa 'Gulf Sieb' 1986 obo 48263
dwt dely retroactive Amsterdam about 21 Nov trip via US Gulf redel Cont/Med
$50000 daily - cnr
'Otello Manship' 1985 42172 dwt - subjects>
'Bulk Pacific' 1981 39245 dwt dely Annaba 2/6 December trip via US Gulf
redel Lebanon $47000 daily - Energy 'Mathawee Naree' 1996 28364 dwt dely
Mizushima 26/30 Nov trip via Nopac redel Far East $41000 daily - Allied

ORE
'Vogecarrier' Cargill relet 1996 160000/10 Ponta da Madeira/Qingdao 10/20
Dec
$86.07 fio scale/30000sc - RGL (Chinese chrtr) 'C.Harmony' 1994 150000/10
Ponta da Madeira/Qingdao 1/15 Jan $88.50 fio scale/30000sc - RGL (Chinese
chrtr) 'Navios Orbiter' 2004 70000/10 Goa/Constanza 28 Nov/3 Dec $38.50 fio
20000sc/20000sc - CTP

COAL
'Aigaion' 2004 160000/10 Richards Bay/Rotterdam mid Dec $44.00 fio
scale/25000sc
- Swiss Marine
'Intrepid Resolute' 1982 130000/10 Newcastle/Mailiao 20/30 Dec $40.50 fio
35000sc/35000sc - Formosa Plastics 'TBN' 70000/10 Drummond/Sines 20/29 Dec
$43.50 fio 22500sc/30000sc - Portline

GRAIN
'Zenobia' 1984 20000/10 sbm 53/54 cft Up River/Algeria 7/14 Dec $100.50 fio
8000sx/4000 sc - Cargill