THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 09/11/2007

The Daily Fixtures Report - 09/11/2007
-------------------------

BDI 10867 UP 123
BCI 15252 UP 358
BPI 11355 UP 45
BSI 6790 UP 29
BHSI 3051 DOWN 19

TIMECHARTER
'Great Navigator' STX Pan Ocean relet 2006 176303 dwt dely Mizushima
17/19 Nov
trip via West Australia redel China $170250 daily - RTS 'CSK Beilun' 1999
172561 dwt dely Qingdao 17/19 Nov trip via Australia redel Japan $170000
daily - 'K' Line 'Manasota' 2004 171061 dwt dely retro Zhanjiang 6 Nov
trip via Brazil redel China $175000 daily - cnr 'Constantia' Cargill relet
1996 171039 dwt dely Carboneras 17/19 Nov trip via Bolivar redel Sines
$187500 daily option redel Skaw-Cape Passero $202500 daily - CTM 'Pascha'
2006 82800 dwt dely Sines 20/22 Nov trip via Brazil redel Spain $98000
daily - Elcano 'Anna' 1999 75592 dwt dely Baoshan 20/25 Nov 5/6 months
trading redel worldwide $96000 daily - cnr 'Dione' 2001 75172 dwt dely
Skaw-Cape Passero Jan 2008 11/13 months trading redel worldwide $82000 daily
- Shagang 'Samjohn Amity' 1998 74744 dwt dely ex drydock Gdansk 25/28 Nov 6
months trading redel worldwide $94000 daily - CTP 'Fujian' 1997 74500 dwt
dely Valencia 17/18 Nov trip via Brazil redel China $96000 daily - Brade
Carriers 'F.D.Salvatore Pollo' Aquavita relet 2007 74405 dwt dely SW Pass
end Nov redel Skaw-Cape Passero $90000 daily + $1.35 million bb - STX Pan
Ocean 'Padre' 2004 73601 dwt dely aps Port Kembla 7/8 Nov 4/6 months
trading redel worldwide $92000 daily + $1000000 bb - 'K' Line - 'Bremen Max'
1993 73503 dwt dely Dangjin 27/29 Nov balance of period 5
May/4
June 2008 redel worldwide $95500 daily - Norden 'Silver One' 2000 72917 dwt
dely Lumut 18/19 Nov 5.5/6.5 months trading redel worldwide $95500 daily -
Norden 'Marbella' 2000 72561 dwt dely Skaw in d/c 13/14 Nov 11/12 months
trading redel worldwide $82500 daily - Cobelfret 'Theoflylaktos' 1999 72500
dwt dely Fukuyama 17/19 Nov trip via Roberts Bank & Taranto redel Cape
Passero $90000 daily - Deuilemar 'Vogevoyager' 1996 72171 dwt dely
Zhanjiang 10/15 Nov trip via Indonesia redel Spain $90000 daily - Dreyfus
'Esna' 1998 71571 dwt dely Shanghai 20/25 Nov trip via NoPac redel
Singapore-Japan rge $87500 daily - Cargill - 'Paragon' 1995 71250 dwt dely
Cape Passero 11/12 Nov trip via US Gulf & Israel redel Cape Passero $85500
daily - Cargill 'Mass Merit' 1993 69620 dwt dely SW Pass 10/15 Nov trip
via Egypt redel Cape Passero $85000 daily + $1.3 million - NNC 'Bianco Dan'
2004 55628 dwt dely Longkou 11/13 November trip via Australia redel
Singapore-Japan approx $74000 daily - cnr 'Fratzis Star' 2005 53533 dwt
dely Rizhao 14/16 November trip via Philippines redel China $71500 daily -
Eastern Ocean 'Marylisa V' 2003 52174 dwt dely Bremen retro 8 November
trip via USGulf redel Singapore-Japan $71000 daily - Korea Line 'Ken Sirius'
2003 50337 dwt dely Lazero Cardenas 20/28 November trip redel
Singapore-Japan approx $75000 daily + approx $825000 bb - cnr 'Lion' 1986
40826 dwt dely Nueva Palmira 20/25 Nov trip redel Cont/Med $52000 daily +
$800000 bb - Noble 'Originator' 1985 38594 dwt dely Zhoushan 13/19 Nov trip
via China redel Cont/Med $50000 daily - Hawknet - 'Silverstar' 1999 31762
dwt dely retroactive sailing Glasgow 31 Oct trip via St Lawrence River
redel Morocco $50000 daily - J Lauritzen 'Avalon' 1995 27917 dwt dely
Cotonou 9/15 Nov trip via Brazil redel Med intention Italy $44000 daily -
Dreyfus 'Captain Aysuna' 1986 26914 dwt dely retroactive passing Gibraltar
7 Nov 1/2 laden legs redel Atlantic $40000 daily - Atlas