The Baltic Dry Index Daily Panamax Report 04th December.

Subject: Daily Panamax Report 04th December.pdf

Dry cargo fixture summary - 04 December 2007 ==========================

BDI Baltic Dry Index 10285 UP 15
BCI Baltic Capesize Index 15405 DOWN 17
BPI Baltic Panamax Index 10085 UP 29
BSI Baltic Supramax Index 6039 UP 24
BHSI Baltic Handysize Index 2967 UP 15

Timecharter
------------
'Mineral Noble' 2004 170649 dwt dely Rotterdam end Dec 12 months trading
redel worldwide $170000 daily - STX Pan Ocean

'Alpha Friendship' Cosbulk relet 1996 161417 dwt dely Amsterdam 10/12 Dec
trip via Bolivar redel Denmark $168000 daily - Swiss Marine

'Coppersmith' SK relet 2005 149735 dwt dely Nantong 15/17 Dec trip via
Australia redel Singapore-Japan rge $164500 daily - Cargill

'ZOSCO Wenzhou' 1982 141014 dwt dely Zhangjiang 6/8 Dec trip via West
Australia redel China $155000 daily - Rio Tinto

'Prem Varsha' 2006 82273 dwt geared dely Yantai 5/7 Dec 4/6 months trading
redel worldwide $84500 daily - Bunge

'George' 1984 77078 dwt dely Brake 8/10 Dec trip via Orinoco redel China
$88000 daily - Transfield

'Fortune Ocean' STX Pan Ocean relet 2006 76801 dwt dely Swinoujscie 8/10 Dec
3/4 months trading redel worldwide $88000 daily - Oldendorff

'Mulberry Paris' Golden Ocean relet 2004 76492 dwt dely Worldwide Jan/Mar
2008 trading until Aug 2011 redel worldwide $51250 daily - Komrowski

'Mulberry Wilton' Golden Ocean relet 2004 76453 dwt dely Worldwide Jan/Mar
2008 trading up to Dec 2011 redel worldwide $51250 daily - Komrowski

'Prabhu Das' 2005 76015 dwt dely Mumbai 7/12 Dec trip via WC India redel
China $80000 daily - Chinese chrtr

'Red Seto' 2002 75966 dwt dely Lulea 6/12 Dec trip via Kokkola redel UK
$105000 daily - BHP Billiton

'Navios Cielo' 2003 75834 dwt dely Mariveles 4/6 months trading redel
worldwide $82000 daily - Norden

'North Prince' 1999 75542 dwt dely Mariveles 4/6 Dec trip via Weipa redel
China $87000 daily - North China Shipping

'Century Star' 2003 75318 dwt dely Koper 6/16 Dec 4/6 months trading redel
worldwide $88500 daily - CTP - <fixed last week>

'Danae' 2001 75106 dwt dely Sual 6/12 Dec trip via Indonesia redel India
$85000 daily - Armada

'Riruccia' 1997 74002 dwt dely Worldwide Feb/Mar 2008 11/13 months trading
redel worldwide $71000 daily - Constellation

'Genco Vigour' 1999 73941 dwt dely Cape Passero 8/9 Dec 2/3 laden legs redel
Atlantic $87500 daily - Clipper

'Graecia Universalis' 2005 73902 dwt - <reported 03/12 the charterer should
read Cargill>

'Global F' STX Pan Ocean relet 1998 73729 dwt dely N.China 15/20 Dec 4/6
months trading redel worldwide $80500 daily - Oldendorff

'Coal Age' 1997 72824 dwt dely Yantai 8/10 Dec trip via Australia redel
Japan $76500 daily - NYK

'La Jolla' 1997 72126 dwt dely Qingdao 7/9 Dec trip via EC Australia redel
Singapore-Japan rge $76000 daily option redel India $78000 daily - Morgan
Stanley

'Bianco ID' 1998 70521 dwt dely Qingdao 9/11 Dec 3/5 months trading redel
worldwide $80000 daily - Bunge

'Deng Zhou Hai' 1995 69952 dwt dely Toros 12/18 Dec trip via Black Sea redel
Singapore-Japan rge int ore $88250 - Aquavita

'Courage' 1984 66754 dwt dely Kaohsiung spot trip via Indonesia redel Taiwan
$52000 daily - Chokang

'Lioness C' 1983 66713 dwt dely Shanghai spot/ppt trip via NoPac & Saudi
Arabia redel Aden-PMO $64200 - JKI

'Joy Sea' 1990 66214 dwt dely Amsterdam spot trip via Kamsar redel Aughinish
$81000 daily - Oldendorff - <fixed end of last week>

'Port Melbourne' 2005 53299 dwt dely Mumbai 10/15 December trip redel China
$70000 daily - Metchart

'Kang Hing' 2002 52828 dwt dely Changjiangkou 4/5 December 100/130 days
trading redel worldwide $64500 daily - Oldendorff - <corrects rate on report
03/12>

'Furness Australia' 2001 52489 dwt dely Lazero Cardenas 11/13 December trip
via US West Coast redel India $61500 daily + $630000 - Norden

'Globetrotter' 2001 48911 dwt dely Reunion spot trip via South Africa redel
China approx $70000 daily - Oldendorff

'Marylebone' 2001 48377 dwt dely Chennai 15/20 December trip redel China
$64000 daily - cnr

'Ondina' 96 47639 dwt dely Haldia 10/15 December trip redel China $65000
daily - Brownstone

'Scanda' 1990 40187 dwt dely Nacala prompt trip via South Africa redel
Continent/USGulf/Far East $48000 daily - IVS