The Baltic Dry Index T/C & Daily Panamax Report 6th Nov

Subject: T/C & Daily Panamax Report 6th November

Dry cargo fixture summary - 06 November 2007 ==========================

BDI Baltic Dry Index 10605 UP 66
BCI Baltic Capesize Index 14508 UP 330
BPI Baltic Panamax Index 11151 DOWN 52
BSI Baltic Supramax Index 6775 DOWN 31
BHSI Baltic Handysize Index 3134 DOWN 24

Timecharter
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'F.D. Luigi D'Amato' Transfield relet 2006 180184 dwt dely Cape Passero
2/4 Dec trip via Brazil redel Far East approx $237000 daily - STX Pan Ocean

'Channel Alliance' 1996 171978 dwt dely Kure 10/12 Nov trip via West
Australia redel China $169000 daily - RTS

'Aquafaith' Shagang relet 1997 167102 dwt dely Rizhao 25/27 Nov balance of
period upto max 31 May 2008 redel worldwide $163500 daily - Crownland

'Royal Breeze' 2002 76679 dwt dely Kakogawa 5/7 Nov trip via NoPac redel
Japan $94500 daily - Mitsubishi

'Efrossini' 2003 76015 dwt dely Amsterdam spot 2 laden legs redel Far East
$89750 daily - cnr

'Leonardo Lembo' 1996 75473 dwt dely PMO spot trip via Richards Bay redel
India $85000 daily - cnr

'Redondo' 2000 74716 dwt dely retro Belfast 4 Nov trip via NC South America
redel Skaw-Cape Passero $85000 daily - Energy

'Aldebaran' 2000 74677 dwt dely Aughinish 1/6 Nov 2 laden legs redel
Atlantic $85000 daily - ABT

'Anna Smile' 2004 74500 dwt dely US Gulf 20/30 Nov trip redel Continent
$82000 daily + $1.2 million bb - STX Pan Ocean

'Fu May' Hanjin relet 2002 73900 dwt dely Kushiro 10/12 Nov trip via NoPac
redel Indonesia $97000 daily - Noble

'Dimitris Perrotis' 1984 64933 dwt dely Cape Passero ppt trip via
St.Lawrence & Egypt redel Cape Passero $69500 daily - Dreyfus - <fixed last
week>

'Ince Inebolu' 2002 52370 dwt dely Zhoushan 12/14 November trip via
Philippines redel China approx $73000 daily - Eitzen

'Eleni M' 2001 50961 dwt dely passing Pylos spot 2 laden legs redel Aden-
Japan $72000 daily - Cargill

'Ero L' 2003 50547 dwt dely Mississippi River 15/20 November trip redel West
Coast Central America $95000 daily - The Rice Company

'Orchid Ocean' 1994 45226 dwt dely Mina Saqr 6/11 November trip via West
Coast India redel China $45000 daily - British Marine

'Selendang Kasa' 1997 28410 dwt dely Xingang spot trip redel Mediterranean
approx $45000 daily - cnr - <recent>

'African Impala' 1997 24111 dwt dely retroactive Casablanca 28 Oct trip via
US east coast redel Morocco $38000 daily - Bunge (fixed last week)

Ore
---
'STX Pan Ocean TBN' 170000/10 Ponta da Madeira/Kwangyang a/o Pohang 4/18 Dec
$83.75 fio scale/60000sc-45000sc - POSCO

'Cape Australia' 1990 150000/10 Ponta da Madeira/Beilun & Shanghai 20/30 Nov
$85.00 fio scale/30000sc - Oceanbulk

'Klaveness TBN' 72500/10 Port Latta/China 23 Nov/1 Dec $58.00 fio
scale/12000sc - Shagang

Coal
----
'TBN' 70000/10 Richards Bay/Portbury 25/30 Nov $54.00 fio scale/25000sc -
SSE