The Baltic Dry Index Dry cargo fixture summary - 06 Dece

Subject: Dry cargo fixture summary - 06 December 2007

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

BDI Baltic Dry Index 10142 DOWN 74
BCI Baltic Capesize Index 15079 DOWN 168
BPI Baltic Panamax Index 9886 DOWN 101
BSI Baltic Supramax Index 6064 UP 8
BHSI Baltic Handysize Index 2988 UP 15

Timecharter
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'Desimi' 1989 207063 dwt - <reported 05/12 correct rate is $177500 daily>

'Ocean Confidence' 2005 177808 dwt dely Dalian 17/20 Dec trip via West
Australia redel Japan $175000 daily - Shinwa

'Cape Jupiter' 1997 171700 dwt dely Beilun 15/18 Dec trip via West Australia
redel China $185000 daily - BHP Billiton

'Cape Stork' 1996 171039 dwt dely Beilun 14/15 Dec trip via West Australia
redel China $183500 daily - BHP Billiton

'Luciana Della Gatta' 1990 122760 dwt dely Pohang in d/c 16/20 Dec trip via
Australia redel Far East $120000 daily - Constellation

'Nicole' 2007 77076 dwt dely Visakhapatnam 13/15 Dec trip via South Africa
redel Skaw-Cape Passero $73000 daily - Dreyfus

'Bonita' Norden relet 2001 76623 dwt dely PMO 10/15 Dec trip via WC India
redel Far East $77500 daily - Trustworth

'Belgrano' 2004 76600 dwt dely Lanshan 8/9 Dec 4/6 months trading redel
worldwide $84000 daily - Sinotrans

'Arabella' 2001 75563 dwt dely Barcelona 21/23 Dec trip via Brazil redel Far
East $87000 daily - Sinochart

'Ellivita' 1999 75522 dwt dely Cape Passero 5 Dec 2 laden legs redel
Atlantic $87500 daily - Arcelor Mittal

'Evanthia' 2001 74927 dwt - <reported 05/12 charterer is Panoceanic>

'Alexandra' 2001 74756 dwt dely Bilbao 11/15 Dec trip via Colombia redel
Gibraltar-Hamburg $86500 daily option redel Cape Passero $88000 daily -
Armada

'Cinzia D'Amato' 2000 74716 dwt dely Yantai 14/16 Dec 4/6 months trading
redel worldwide $80000 daily - Oldendorff

'Erato' Swiss Marine relet 2004 74444 dwt dely Qingdao 9/15 Dec trip via
Indonesia redel Hong Kong $66000 daily - cnr

'Catalina' Louis Dreyfus relet 2005 74432 dwt dely Cape Passero spot trip
via EC South America redel Skaw-Cape Passero $85500 daily - Cargill

'Tian Zhu Feng' 2000 74200 dwt dely Huangpu 20/21 Dec 4/6 months trading
redel worldwide $77000 daily - Norden

'Tetien Trader' BHP Billiton relet 2001 73910 dwt - <reported 05/12 BHP
Billiton has substituted the Drin 1996 73087>

'Shen Neng 1' 1993 70181 dwt dely Shekou 10/16 Dec trip via Geraldton redel
Lanshan $71000 daily - Rizhao Steel

'Glorious Rena' 1987 68337 dwt dely San Cyprian 12/18 Dec 2 laden legs redel
Skaw-Cape Passero $79500 daily - Fairfield

'Santa Anna' 2006 56042 dwt dely Cigading 11/13 December trip via West
Australia redel South Korea $75000 daily - STX Pan Ocean

'Aoyama' 2006 56013 dwt dely Kandla 16/18 December trip redel China approx
$68500 daily - cnr

'Spring Falcon' 2001 51024 dwt dely Xingang 6/14 December - <details on
report 05/12 are incorrect>

'Progress 2' 1995 46641 dwt dely China 18/22 December 5/7 months trading
redel worldwide $58000 daily - Daewoo

'Dubai Freedom' 1994 45734 dwt dely Haldia 17/22 December trip redel China
$66000 daily - cnr - <adds rate to report 05/12>

'Aristeas P' 1984 38623 dwt dely North Spain spot trip via Caribbean redel
West Med $53500 daily - ED & F Man

'Navision Bulker' 1985 36537 dwt dely South China 6/9 December trip redel
USGulf $40000 daily - SK Shipping

'El Condor Pasa ' 2001 33476 dwt dely Houston 8/10 Dec trip via USGulf redel
Cont/Med approx $73000 daily - cnr

'Starlight' 1984 28354 dwt dely Port Louis 10/15 Dec trip via South Africa
redel Cont/Med approx $41500 daily - IVS

Ore
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'STX Pan Ocean TBN' 170000/10 Goa/Kwangyang and/or Pohang 29 Dec/12 Jan
$43.25 fio 25000sc/60000sc - POSCO

'Nord-Kraft' 2000 160000/10 West Australia/China 20/30 Dec $39.00 fio
scale/30000sc - Chinese steel mill

'CIC Pride' 2002 160000/10 Port Hedland/Qingdao 20/30 Dec $38.25 fio
scale/30000sc - Shagang

'Cargill TBN' 150000/10 Ponta da Madeira/Dunkirk west & east 26 Dec/9 Jan
$40.00 fio 7 days sc - Arcelor Mittal

'Unique Brilliance' 2001 150000/10 Narvik/El Dekheila 25 Jan/3 Jan $30.90
fio 40000sc/30000fc - EZDK

Coal
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'Lady Giovi' 70000/10 coal Queensland/EC India 21/30 Dec $61.50 fio
20000sc/10000sc - SAIL

Grain
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'Brave JL' 1984 50000/10 hss US Gulf/China 21/30 Dec $110.00 fio
10000sx/8000sx - Sinochart