THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 12/11/2007

The Daily Fixtures Report - 12/11/2007
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BDI 10995 UP 128
BCI 15660 UP 408
BPI 11368 UP 13
BSI 6805 UP 15
BHSI 3045 DOWN 6

TIMECHARTER
'Amber Star' 1986 181884 dwt dely China 20/25 Nov trip via Esperance redel
China $164000 daily - North China Shipping 'Cape Unity' 2007 180000 dwt
dely ex yard Imabari 23 Nov trip via West Australia redel China $178000
daily - BHP Billiton 'CHS Magnificence' 2006 173541 dwt dely Xingang 25/30
Nov trip via West Australia redel China $180000 daily - BHP Billtion 'Mona
Century' 2000 172000 dwt dely Caofeidian 17/19 Nov 6/8 months trading redel
worldwide $175000 daily - Armada 'CIC Elli S' Cosco Hong Kong relet 2003
171448 dwt dely Beilun end Nov trip via Australia redel south of Qingdao
$185000 daily option redel north of Qingdao $190000 daily - BHP Billiton
'Norden TBN' 171000 dwt dely Worldwide Nov 2008/Feb 09 5 years trading
redel worldwide $70000 daily - Fortescue Metals Group 'Fortescue Metals
Group TBN' 171000 dwt dely Worldwide Nov 2008/Feb
2009 5
years trading redel worldwide $75000 daily - Glory Wealth 'Alpa Century' STX
Pan Ocean relet 2000 170415 dwt dely Beilun end Nov trip via West Australia
redel China $185000 daily - BHP Billiton 'Kyla Fortune' 2001 170296 dwt
dely retro Al Jubail 2nd Nov trip via Guaiba redel Japan $190000 daily -
NYK 'Nightflight' 2004 170012 dwt dely Fukuyama 22/24 Nov trip via West
Australia redel China $180000 daily - BHP Billiton 'Bulk Australia' Morgan
Stanley relet 2002 169770 dwt dely Shanghai end Nov trip via West Australia
redel China $180000 daily - BHP Billiton 'Alpha Friendship' 1996 161417 dwt
dely ARA 10/12 Dec transatlantic round redel Skaw-Cape Passero $180000
daily - cnr 'Brisbane' 1995 151066 dwt dely Continent 2/10 Dec 12 months
trading redel worldwide $150000 daily - SK Shipping 'Samsara' 1995 150399
dwt dely retro Caofeidian 7 Nov 12 months trading redel worldwide $140000
daily - SK Shipping 'Cape Africa' 1991 149533 dwt dely Shanghai 25/30 Nov
trip via Newcastle redel Mailiao $150000 daily - BHP Billiton 'Alexandra'
2006 82329 dwt dely Hansaport 14/19 Nov trip via St.Lawrence & Iran redel
PMO $98500 daily - Bunge 'Prabhu Satram' 2004 75949 dwt dely Singapore
10/15 Nov 4/6 months trading redel worldwide $92500 daily - Swiss Marine
'Epson Trader' relet 2001 75933 dwt dely Lianyungang 14/16 Nov balance of
period 110 days redel worldwide $93500 daily - Norden 'Ligari' 2004 75583
dwt dely Taichung 12/16 Nov trip via Australia redel China $95000 daily -
North China Shipping 'Yong Jia' United relet 2001 74823 dwt dely Gijon ppt
trip via Kamsar redel Aughinish $89000 daily - Baumarine 'Rainkiss' 1994
69053 dwt dely Surabaya 23/25 Nov trip via Indonesia redel Japan $104000
daily - MOSK 'Sea Ilex' 1991 66041 dwt dely Vado 10/15 Nov trip via US
Gulf redel Jorf Lasfar int coal $73000 daily - Swiss Marine 'Tenshu Maru'
2004 52454 dwt dely Shanghai spot trip via Philippines redel China $72000
daily - Eastern Ocean 'E.Duckling' 2001 52055 dwt dely Chennai 13/20
November trip redel China $72000 daily - Million Miles - 'Golden Wish' 1997
45719 dwt dely Qingdao retro 6 November trip via Philippines redel China
$60000 daily - Eastern Ocean 'Matira' 1994 45683 dwt dely Japan 13/18
November trip via Nopac redel Singapore-Japan $70000 daily - Dreyfus 'Noni'
1996 44300 dwt dely Tianjin 12/15 November trip via Australia redel
Singapore- Japan $57500 daily - Hanjin
'Paloma C' 1983 37614 dwt dely USgulf spot trip via West Coast Central
America redel Cristobal $60000 daily - Dreyfus Goldenstar' 2001 28383 dwt
dely Casablanca prompt trip via Baltic Sea redel east coast India-Japan
range $42000 daily - cnr 'Doxa' 1983 26978 dwt dely retroactive Greenore
about 5 Nov trip via US east coast redel Morocco $35000 daily - Bunge

COAL
'Pacific Confidence' Oldendorff relet 2004 160000/10 Richards Bay/Rotterdam
15/25 Dec $48.00 fio scale/25000sc - BHP Billiton 'Mineral London' Morgan
Stanley relet 2006 160000/10 Abbot Point/Redcar 17/20 Nov approx $58.00 fio
7 days sc - Corus